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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and GYRE THERAPEUTICS, INC. (GYRE). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $37.2M, roughly 1.2× GYRE THERAPEUTICS, INC.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 33.4%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 17.0%).

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.

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

DX vs GYRE — Head-to-Head

Bigger by revenue
DX
DX
1.2× larger
DX
$43.5M
$37.2M
GYRE
Growing faster (revenue YoY)
DX
DX
+497.9% gap
DX
531.3%
33.4%
GYRE
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
17.0%
GYRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
GYRE
GYRE
Revenue
$43.5M
$37.2M
Net Profit
$-1.4M
Gross Margin
95.3%
Operating Margin
0.3%
Net Margin
-3.7%
Revenue YoY
531.3%
33.4%
Net Profit YoY
-340.1%
EPS (diluted)
$1.59
$-0.01

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.

Revenue
DX
DX
GYRE
GYRE
Q4 25
$43.5M
$37.2M
Q3 25
$30.6M
$30.6M
Q2 25
$23.1M
$26.8M
Q1 25
$17.1M
$22.1M
Q4 24
$27.9M
Q3 24
$25.5M
Q2 24
$25.2M
Q1 24
$-3.2M
$27.2M
Net Profit
DX
DX
GYRE
GYRE
Q4 25
$-1.4M
Q3 25
$150.4M
$5.9M
Q2 25
$-13.6M
$1.6M
Q1 25
$-3.1M
$3.7M
Q4 24
$569.0K
Q3 24
$2.9M
Q2 24
$4.5M
Q1 24
$40.1M
$9.9M
Gross Margin
DX
DX
GYRE
GYRE
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
DX
DX
GYRE
GYRE
Q4 25
0.3%
Q3 25
22.7%
Q2 25
8.1%
Q1 25
10.3%
Q4 24
2.4%
Q3 24
16.6%
Q2 24
12.7%
Q1 24
29.7%
Net Margin
DX
DX
GYRE
GYRE
Q4 25
-3.7%
Q3 25
491.3%
19.4%
Q2 25
-58.8%
5.9%
Q1 25
-18.0%
16.9%
Q4 24
2.0%
Q3 24
11.2%
Q2 24
18.0%
Q1 24
-1256.8%
36.6%
EPS (diluted)
DX
DX
GYRE
GYRE
Q4 25
$1.59
$-0.01
Q3 25
$1.08
$0.03
Q2 25
$-0.14
$0.00
Q1 25
$-0.06
$0.00
Q4 24
$0.00
Q3 24
$0.01
Q2 24
$0.01
Q1 24
$0.64
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DX
DX
GYRE
GYRE
Cash + ST InvestmentsLiquidity on hand
$531.0M
$52.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$106.0M
Total Assets
$17.3B
$166.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
GYRE
GYRE
Q4 25
$531.0M
$52.4M
Q3 25
$491.0M
$60.0M
Q2 25
$387.5M
$54.4M
Q1 25
$327.4M
$29.9M
Q4 24
$26.7M
Q3 24
$25.1M
Q2 24
$25.1M
Q1 24
$295.7M
$37.4M
Stockholders' Equity
DX
DX
GYRE
GYRE
Q4 25
$2.5B
$106.0M
Q3 25
$2.0B
$101.9M
Q2 25
$1.6B
$92.0M
Q1 25
$1.4B
$68.1M
Q4 24
$63.3M
Q3 24
$63.2M
Q2 24
$60.4M
Q1 24
$958.5M
$56.6M
Total Assets
DX
DX
GYRE
GYRE
Q4 25
$17.3B
$166.1M
Q3 25
$14.2B
$159.4M
Q2 25
$11.3B
$152.6M
Q1 25
$9.0B
$129.8M
Q4 24
$125.4M
Q3 24
$125.2M
Q2 24
$120.9M
Q1 24
$6.3B
$122.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DX
DX
GYRE
GYRE
Operating Cash FlowLast quarter
$120.8M
$-5.6M
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
GYRE
GYRE
Q4 25
$120.8M
$-5.6M
Q3 25
$68.3M
$4.7M
Q2 25
$31.9M
$2.1M
Q1 25
$6.4M
$-129.0K
Q4 24
$-2.8M
Q3 24
$1.7M
Q2 24
$-5.5M
Q1 24
$-17.1M
$2.9M
Free Cash Flow
DX
DX
GYRE
GYRE
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$-251.0K
Q4 24
$-2.8M
Q3 24
$1.0M
Q2 24
$-6.9M
Q1 24
$2.7M
FCF Margin
DX
DX
GYRE
GYRE
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
6.8%
Q1 25
-1.1%
Q4 24
-10.1%
Q3 24
4.1%
Q2 24
-27.5%
Q1 24
9.8%
Capex Intensity
DX
DX
GYRE
GYRE
Q4 25
0.4%
Q3 25
2.2%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
2.7%
Q2 24
5.8%
Q1 24
0.9%
Cash Conversion
DX
DX
GYRE
GYRE
Q4 25
Q3 25
0.45×
0.79×
Q2 25
1.32×
Q1 25
-0.03×
Q4 24
-4.85×
Q3 24
0.60×
Q2 24
-1.21×
Q1 24
-0.43×
0.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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