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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Himalaya Shipping Ltd. (HSHP). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $29.9M, roughly 1.5× Himalaya Shipping Ltd.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -4.2%).
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.
Himalaya Shipping Ltd. is a global maritime transportation enterprise focused on dry bulk shipping operations. It operates a fleet of modern, fuel-efficient bulk carriers that transport key commodities including iron ore, coal, grain and other bulk raw materials, serving core trade routes across Asia, Europe, and the Americas to support global industrial and agricultural supply chain flows.
DX vs HSHP — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $29.9M |
| Net Profit | — | $1.1M |
| Gross Margin | — | 76.3% |
| Operating Margin | — | 45.5% |
| Net Margin | — | 3.7% |
| Revenue YoY | 531.3% | -4.2% |
| Net Profit YoY | — | -84.1% |
| EPS (diluted) | $1.59 | $0.02 |
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 | — | ||
| Q3 25 | $30.6M | — | ||
| Q2 25 | $23.1M | $29.9M | ||
| Q1 25 | $17.1M | — | ||
| Q2 24 | — | $31.2M | ||
| Q1 24 | $-3.2M | — | ||
| Q4 22 | $6.2M | — | ||
| Q3 22 | $7.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | $150.4M | — | ||
| Q2 25 | $-13.6M | $1.1M | ||
| Q1 25 | $-3.1M | — | ||
| Q2 24 | — | $6.9M | ||
| Q1 24 | $40.1M | — | ||
| Q4 22 | $43.3M | — | ||
| Q3 22 | $-46.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 82.1% | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 45.5% | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 56.1% | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 491.3% | — | ||
| Q2 25 | -58.8% | 3.7% | ||
| Q1 25 | -18.0% | — | ||
| Q2 24 | — | 22.1% | ||
| Q1 24 | -1256.8% | — | ||
| Q4 22 | 697.2% | — | ||
| Q3 22 | -655.3% | — |
| Q4 25 | $1.59 | — | ||
| Q3 25 | $1.08 | — | ||
| Q2 25 | $-0.14 | $0.02 | ||
| Q1 25 | $-0.06 | — | ||
| Q2 24 | — | $0.16 | ||
| Q1 24 | $0.64 | — | ||
| Q4 22 | $0.44 | — | ||
| Q3 22 | $-1.07 | — |
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 | $24.7M |
| Total DebtLower is stronger | — | $701.3M |
| Stockholders' EquityBook value | $2.5B | $159.3M |
| Total Assets | $17.3B | $871.9M |
| Debt / EquityLower = less leverage | — | 4.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | — | ||
| Q3 25 | $491.0M | — | ||
| Q2 25 | $387.5M | $24.7M | ||
| Q1 25 | $327.4M | — | ||
| Q2 24 | — | $21.9M | ||
| Q1 24 | $295.7M | — | ||
| Q4 22 | $332.0M | — | ||
| Q3 22 | $260.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $701.3M | ||
| Q1 25 | — | — | ||
| Q2 24 | — | $725.5M | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.6B | $159.3M | ||
| Q1 25 | $1.4B | — | ||
| Q2 24 | — | $157.2M | ||
| Q1 24 | $958.5M | — | ||
| Q4 22 | $901.3M | — | ||
| Q3 22 | $771.3M | — |
| Q4 25 | $17.3B | — | ||
| Q3 25 | $14.2B | — | ||
| Q2 25 | $11.3B | $871.9M | ||
| Q1 25 | $9.0B | — | ||
| Q2 24 | — | $897.3M | ||
| Q1 24 | $6.3B | — | ||
| Q4 22 | $3.6B | — | ||
| Q3 22 | $4.0B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.40× | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 4.61× | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — | ||
| Q3 22 | — | — |
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 | $8.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 7.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | — | ||
| Q3 25 | $68.3M | — | ||
| Q2 25 | $31.9M | $8.3M | ||
| Q1 25 | $6.4M | — | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | $-17.1M | — | ||
| Q4 22 | $30.1M | — | ||
| Q3 22 | $25.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | 7.55× | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 2.55× | ||
| Q1 24 | -0.43× | — | ||
| Q4 22 | 0.69× | — | ||
| Q3 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
