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

Karooooo Ltd. is the larger business by last-quarter revenue ($58.4M vs $43.5M, roughly 1.3× DYNEX CAPITAL INC).

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.

Karooooo Ltd is a global mobility telematics provider operating primarily under its Cartrack brand. It delivers connected vehicle solutions, fleet management services, stolen vehicle recovery support, and driver safety tools, serving both individual consumers and enterprise clients across Africa, Europe, and the Asia Pacific region.

DX vs KARO — Head-to-Head

Bigger by revenue
KARO
KARO
1.3× larger
KARO
$58.4M
$43.5M
DX

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
DX
DX
KARO
KARO
Revenue
$43.5M
$58.4M
Net Profit
$12.2M
Gross Margin
69.1%
Operating Margin
27.7%
Net Margin
20.8%
Revenue YoY
531.3%
Net Profit YoY
EPS (diluted)
$1.59

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
KARO
KARO
Q4 25
$43.5M
Q3 25
$30.6M
Q2 25
$23.1M
Q1 25
$17.1M
Q2 24
$58.4M
Q1 24
$-3.2M
Q4 22
$6.2M
Q3 22
$7.1M
Net Profit
DX
DX
KARO
KARO
Q4 25
Q3 25
$150.4M
Q2 25
$-13.6M
Q1 25
$-3.1M
Q2 24
$12.2M
Q1 24
$40.1M
Q4 22
$43.3M
Q3 22
$-46.7M
Gross Margin
DX
DX
KARO
KARO
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
69.1%
Q1 24
Q4 22
Q3 22
Operating Margin
DX
DX
KARO
KARO
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
27.7%
Q1 24
Q4 22
Q3 22
Net Margin
DX
DX
KARO
KARO
Q4 25
Q3 25
491.3%
Q2 25
-58.8%
Q1 25
-18.0%
Q2 24
20.8%
Q1 24
-1256.8%
Q4 22
697.2%
Q3 22
-655.3%
EPS (diluted)
DX
DX
KARO
KARO
Q4 25
$1.59
Q3 25
$1.08
Q2 25
$-0.14
Q1 25
$-0.06
Q2 24
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
DX
DX
KARO
KARO
Cash + ST InvestmentsLiquidity on hand
$531.0M
$53.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$170.4M
Total Assets
$17.3B
$246.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
KARO
KARO
Q4 25
$531.0M
Q3 25
$491.0M
Q2 25
$387.5M
Q1 25
$327.4M
Q2 24
$53.8M
Q1 24
$295.7M
Q4 22
$332.0M
Q3 22
$260.4M
Stockholders' Equity
DX
DX
KARO
KARO
Q4 25
$2.5B
Q3 25
$2.0B
Q2 25
$1.6B
Q1 25
$1.4B
Q2 24
$170.4M
Q1 24
$958.5M
Q4 22
$901.3M
Q3 22
$771.3M
Total Assets
DX
DX
KARO
KARO
Q4 25
$17.3B
Q3 25
$14.2B
Q2 25
$11.3B
Q1 25
$9.0B
Q2 24
$246.5M
Q1 24
$6.3B
Q4 22
$3.6B
Q3 22
$4.0B

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
KARO
KARO
Operating Cash FlowLast quarter
$120.8M
$45.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
KARO
KARO
Q4 25
$120.8M
Q3 25
$68.3M
Q2 25
$31.9M
Q1 25
$6.4M
Q2 24
$45.2M
Q1 24
$-17.1M
Q4 22
$30.1M
Q3 22
$25.5M
Cash Conversion
DX
DX
KARO
KARO
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q2 24
3.71×
Q1 24
-0.43×
Q4 22
0.69×
Q3 22

Financial Flow Comparison

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

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