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

HUDSON TECHNOLOGIES INC is the larger business by last-quarter revenue ($44.4M vs $43.5M, roughly 1.0× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 28.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -17.5%).

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.

Hudson Technologies Inc is a U.S.-based provider of sustainable refrigerant management solutions, offering virgin and reclaimed refrigerants, refrigerant recovery, reclamation, and compliance support services. It primarily serves the North American market, with core customers across the HVAC, commercial refrigeration, and industrial cooling sectors, focusing on supporting clients' transition to low-GWP refrigerant alternatives.

DX vs HDSN — Head-to-Head

Bigger by revenue
HDSN
HDSN
1.0× larger
HDSN
$44.4M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+503.1% gap
DX
531.3%
28.2%
HDSN
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-17.5%
HDSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
HDSN
HDSN
Revenue
$43.5M
$44.4M
Net Profit
$-8.6M
Gross Margin
8.0%
Operating Margin
-25.2%
Net Margin
-19.4%
Revenue YoY
531.3%
28.2%
Net Profit YoY
-236.6%
EPS (diluted)
$1.59
$-0.19

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
HDSN
HDSN
Q4 25
$43.5M
$44.4M
Q3 25
$30.6M
$74.0M
Q2 25
$23.1M
$72.8M
Q1 25
$17.1M
$55.3M
Q4 24
$34.6M
Q3 24
$61.9M
Q2 24
$75.3M
Q1 24
$-3.2M
$65.3M
Net Profit
DX
DX
HDSN
HDSN
Q4 25
$-8.6M
Q3 25
$150.4M
$12.4M
Q2 25
$-13.6M
$10.2M
Q1 25
$-3.1M
$2.8M
Q4 24
$-2.6M
Q3 24
$7.8M
Q2 24
$9.6M
Q1 24
$40.1M
$9.6M
Gross Margin
DX
DX
HDSN
HDSN
Q4 25
8.0%
Q3 25
32.0%
Q2 25
31.3%
Q1 25
21.8%
Q4 24
16.7%
Q3 24
25.7%
Q2 24
30.0%
Q1 24
32.8%
Operating Margin
DX
DX
HDSN
HDSN
Q4 25
-25.2%
Q3 25
18.9%
Q2 25
17.5%
Q1 25
5.6%
Q4 24
-9.4%
Q3 24
11.3%
Q2 24
17.0%
Q1 24
19.6%
Net Margin
DX
DX
HDSN
HDSN
Q4 25
-19.4%
Q3 25
491.3%
16.7%
Q2 25
-58.8%
14.0%
Q1 25
-18.0%
5.0%
Q4 24
-7.4%
Q3 24
12.6%
Q2 24
12.7%
Q1 24
-1256.8%
14.7%
EPS (diluted)
DX
DX
HDSN
HDSN
Q4 25
$1.59
$-0.19
Q3 25
$1.08
$0.27
Q2 25
$-0.14
$0.23
Q1 25
$-0.06
$0.06
Q4 24
$-0.05
Q3 24
$0.17
Q2 24
$0.20
Q1 24
$0.64
$0.20

Balance Sheet & Financial Strength

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

Metric
DX
DX
HDSN
HDSN
Cash + ST InvestmentsLiquidity on hand
$531.0M
$39.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$243.4M
Total Assets
$17.3B
$318.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
HDSN
HDSN
Q4 25
$531.0M
$39.5M
Q3 25
$491.0M
$89.7M
Q2 25
$387.5M
$84.3M
Q1 25
$327.4M
$81.0M
Q4 24
$70.1M
Q3 24
$56.5M
Q2 24
$30.5M
Q1 24
$295.7M
$10.6M
Stockholders' Equity
DX
DX
HDSN
HDSN
Q4 25
$2.5B
$243.4M
Q3 25
$2.0B
$265.9M
Q2 25
$1.6B
$254.8M
Q1 25
$1.4B
$246.8M
Q4 24
$245.8M
Q3 24
$253.9M
Q2 24
$248.7M
Q1 24
$958.5M
$238.6M
Total Assets
DX
DX
HDSN
HDSN
Q4 25
$17.3B
$318.6M
Q3 25
$14.2B
$338.9M
Q2 25
$11.3B
$317.9M
Q1 25
$9.0B
$307.9M
Q4 24
$302.7M
Q3 24
$309.4M
Q2 24
$300.9M
Q1 24
$6.3B
$294.2M

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
HDSN
HDSN
Operating Cash FlowLast quarter
$120.8M
$-32.5M
Free Cash FlowOCF − Capex
$-33.7M
FCF MarginFCF / Revenue
-75.8%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
HDSN
HDSN
Q4 25
$120.8M
$-32.5M
Q3 25
$68.3M
$8.8M
Q2 25
$31.9M
$6.4M
Q1 25
$6.4M
$14.2M
Q4 24
$20.7M
Q3 24
$30.3M
Q2 24
$41.8M
Q1 24
$-17.1M
$-933.0K
Free Cash Flow
DX
DX
HDSN
HDSN
Q4 25
$-33.7M
Q3 25
$6.7M
Q2 25
$5.9M
Q1 25
$12.7M
Q4 24
$19.2M
Q3 24
$28.6M
Q2 24
$40.6M
Q1 24
$-1.9M
FCF Margin
DX
DX
HDSN
HDSN
Q4 25
-75.8%
Q3 25
9.1%
Q2 25
8.2%
Q1 25
23.0%
Q4 24
55.3%
Q3 24
46.2%
Q2 24
54.0%
Q1 24
-2.9%
Capex Intensity
DX
DX
HDSN
HDSN
Q4 25
2.5%
Q3 25
2.8%
Q2 25
0.6%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
2.7%
Q2 24
1.5%
Q1 24
1.5%
Cash Conversion
DX
DX
HDSN
HDSN
Q4 25
Q3 25
0.45×
0.71×
Q2 25
0.63×
Q1 25
5.13×
Q4 24
Q3 24
3.88×
Q2 24
4.36×
Q1 24
-0.43×
-0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

HDSN
HDSN

Products$43.1M97%
Services$1.3M3%

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