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

INNODATA INC is the larger business by last-quarter revenue ($72.4M vs $43.5M, roughly 1.7× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 22.3%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 65.3%).

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.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

DX vs INOD — Head-to-Head

Bigger by revenue
INOD
INOD
1.7× larger
INOD
$72.4M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+509.0% gap
DX
531.3%
22.3%
INOD
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
65.3%
INOD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
INOD
INOD
Revenue
$43.5M
$72.4M
Net Profit
$8.8M
Gross Margin
38.3%
Operating Margin
15.1%
Net Margin
12.2%
Revenue YoY
531.3%
22.3%
Net Profit YoY
-14.2%
EPS (diluted)
$1.59
$0.26

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
INOD
INOD
Q4 25
$43.5M
$72.4M
Q3 25
$30.6M
$62.5M
Q2 25
$23.1M
$58.4M
Q1 25
$17.1M
$58.3M
Q4 24
$59.2M
Q3 24
$52.2M
Q2 24
$32.6M
Q1 24
$-3.2M
$26.5M
Net Profit
DX
DX
INOD
INOD
Q4 25
$8.8M
Q3 25
$150.4M
$8.3M
Q2 25
$-13.6M
$7.2M
Q1 25
$-3.1M
$7.8M
Q4 24
$10.3M
Q3 24
$17.4M
Q2 24
$-14.0K
Q1 24
$40.1M
$989.0K
Gross Margin
DX
DX
INOD
INOD
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Q1 24
36.4%
Operating Margin
DX
DX
INOD
INOD
Q4 25
15.1%
Q3 25
18.8%
Q2 25
15.3%
Q1 25
14.2%
Q4 24
19.0%
Q3 24
21.9%
Q2 24
1.0%
Q1 24
5.0%
Net Margin
DX
DX
INOD
INOD
Q4 25
12.2%
Q3 25
491.3%
13.3%
Q2 25
-58.8%
12.4%
Q1 25
-18.0%
13.3%
Q4 24
17.4%
Q3 24
33.3%
Q2 24
-0.0%
Q1 24
-1256.8%
3.7%
EPS (diluted)
DX
DX
INOD
INOD
Q4 25
$1.59
$0.26
Q3 25
$1.08
$0.24
Q2 25
$-0.14
$0.20
Q1 25
$-0.06
$0.22
Q4 24
$0.35
Q3 24
$0.51
Q2 24
$0.00
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
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$531.0M
$82.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$107.1M
Total Assets
$17.3B
$168.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
INOD
INOD
Q4 25
$531.0M
$82.2M
Q3 25
$491.0M
$73.9M
Q2 25
$387.5M
$59.8M
Q1 25
$327.4M
$56.6M
Q4 24
$46.9M
Q3 24
$26.4M
Q2 24
$16.5M
Q1 24
$295.7M
$19.0M
Stockholders' Equity
DX
DX
INOD
INOD
Q4 25
$2.5B
$107.1M
Q3 25
$2.0B
$97.3M
Q2 25
$1.6B
$86.7M
Q1 25
$1.4B
$75.5M
Q4 24
$63.5M
Q3 24
$47.7M
Q2 24
$29.0M
Q1 24
$958.5M
$27.6M
Total Assets
DX
DX
INOD
INOD
Q4 25
$17.3B
$168.6M
Q3 25
$14.2B
$152.9M
Q2 25
$11.3B
$132.6M
Q1 25
$9.0B
$125.2M
Q4 24
$113.4M
Q3 24
$88.2M
Q2 24
$66.0M
Q1 24
$6.3B
$63.6M

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
INOD
INOD
Operating Cash FlowLast quarter
$120.8M
$12.9M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
INOD
INOD
Q4 25
$120.8M
$12.9M
Q3 25
$68.3M
$18.8M
Q2 25
$31.9M
$4.2M
Q1 25
$6.4M
$10.9M
Q4 24
$17.2M
Q3 24
$11.4M
Q2 24
$-454.0K
Q1 24
$-17.1M
$6.8M
Free Cash Flow
DX
DX
INOD
INOD
Q4 25
$10.1M
Q3 25
$14.5M
Q2 25
$2.5M
Q1 25
$8.5M
Q4 24
$15.0M
Q3 24
$9.9M
Q2 24
$-3.2M
Q1 24
$5.4M
FCF Margin
DX
DX
INOD
INOD
Q4 25
13.9%
Q3 25
23.2%
Q2 25
4.3%
Q1 25
14.6%
Q4 24
25.3%
Q3 24
19.0%
Q2 24
-9.8%
Q1 24
20.5%
Capex Intensity
DX
DX
INOD
INOD
Q4 25
3.9%
Q3 25
6.8%
Q2 25
2.9%
Q1 25
4.0%
Q4 24
3.7%
Q3 24
2.8%
Q2 24
8.4%
Q1 24
5.1%
Cash Conversion
DX
DX
INOD
INOD
Q4 25
1.46×
Q3 25
0.45×
2.25×
Q2 25
0.59×
Q1 25
1.40×
Q4 24
1.67×
Q3 24
0.65×
Q2 24
Q1 24
-0.43×
6.84×

Financial Flow Comparison

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

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