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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $43.5M, roughly 1.0× GLADSTONE COMMERCIAL CORP). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 16.3%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 10.3%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
DX vs GOOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $43.5M |
| Net Profit | — | $5.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | — | 12.4% |
| Revenue YoY | 531.3% | 16.3% |
| Net Profit YoY | — | -25.1% |
| EPS (diluted) | $1.59 | $0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.5M | $43.5M | ||
| Q3 25 | $30.6M | $40.8M | ||
| Q2 25 | $23.1M | $39.5M | ||
| Q1 25 | $17.1M | $37.5M | ||
| Q4 24 | — | $37.4M | ||
| Q3 24 | — | $39.2M | ||
| Q2 24 | — | $37.1M | ||
| Q1 24 | $-3.2M | $35.7M |
| Q4 25 | — | $5.4M | ||
| Q3 25 | $150.4M | $4.1M | ||
| Q2 25 | $-13.6M | $4.6M | ||
| Q1 25 | $-3.1M | $5.1M | ||
| Q4 24 | — | $7.2M | ||
| Q3 24 | — | $11.7M | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | $40.1M | $3.5M |
| Q4 25 | — | 12.4% | ||
| Q3 25 | 491.3% | 10.1% | ||
| Q2 25 | -58.8% | 11.7% | ||
| Q1 25 | -18.0% | 13.7% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | -1256.8% | 9.9% |
| Q4 25 | $1.59 | $0.05 | ||
| Q3 25 | $1.08 | $0.02 | ||
| Q2 25 | $-0.14 | $0.03 | ||
| Q1 25 | $-0.06 | $0.04 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | $0.64 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $10.8M |
| Total DebtLower is stronger | — | $843.5M |
| Stockholders' EquityBook value | $2.5B | $171.8M |
| Total Assets | $17.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 4.91× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $10.8M | ||
| Q3 25 | $491.0M | $18.4M | ||
| Q2 25 | $387.5M | $11.7M | ||
| Q1 25 | $327.4M | $10.4M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $10.5M | ||
| Q2 24 | — | $10.4M | ||
| Q1 24 | $295.7M | $10.5M |
| Q4 25 | — | $843.5M | ||
| Q3 25 | — | $843.3M | ||
| Q2 25 | — | $794.4M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $693.4M | ||
| Q3 24 | — | $692.6M | ||
| Q2 24 | — | $722.5M | ||
| Q1 24 | — | $719.4M |
| Q4 25 | $2.5B | $171.8M | ||
| Q3 25 | $2.0B | $184.8M | ||
| Q2 25 | $1.6B | $177.2M | ||
| Q1 25 | $1.4B | $183.2M | ||
| Q4 24 | — | $171.2M | ||
| Q3 24 | — | $168.9M | ||
| Q2 24 | — | $145.7M | ||
| Q1 24 | $958.5M | $147.3M |
| Q4 25 | $17.3B | $1.2B | ||
| Q3 25 | $14.2B | $1.3B | ||
| Q2 25 | $11.3B | $1.2B | ||
| Q1 25 | $9.0B | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $6.3B | $1.1B |
| Q4 25 | — | 4.91× | ||
| Q3 25 | — | 4.56× | ||
| Q2 25 | — | 4.48× | ||
| Q1 25 | — | 4.04× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 4.10× | ||
| Q2 24 | — | 4.96× | ||
| Q1 24 | — | 4.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | $88.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 16.38× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $88.2M | ||
| Q3 25 | $68.3M | $18.9M | ||
| Q2 25 | $31.9M | $35.8M | ||
| Q1 25 | $6.4M | $17.7M | ||
| Q4 24 | — | $57.0M | ||
| Q3 24 | — | $5.5M | ||
| Q2 24 | — | $13.6M | ||
| Q1 24 | $-17.1M | $15.0M |
| Q4 25 | — | 16.38× | ||
| Q3 25 | 0.45× | 4.57× | ||
| Q2 25 | — | 7.74× | ||
| Q1 25 | — | 3.44× | ||
| Q4 24 | — | 7.93× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 8.44× | ||
| Q1 24 | -0.43× | 4.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
