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

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $41.5M, roughly 1.0× GLADSTONE LAND Corp). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 96.5%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 43.1%).

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.

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

DX vs LAND — Head-to-Head

Bigger by revenue
DX
DX
1.0× larger
DX
$43.5M
$41.5M
LAND
Growing faster (revenue YoY)
DX
DX
+434.8% gap
DX
531.3%
96.5%
LAND
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
43.1%
LAND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
LAND
LAND
Revenue
$43.5M
$41.5M
Net Profit
$4.2M
Gross Margin
Operating Margin
Net Margin
10.2%
Revenue YoY
531.3%
96.5%
Net Profit YoY
680.0%
EPS (diluted)
$1.59
$-0.05

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
LAND
LAND
Q4 25
$43.5M
$41.5M
Q3 25
$30.6M
$17.8M
Q2 25
$23.1M
$12.3M
Q1 25
$17.1M
$16.8M
Q4 24
$21.1M
Q3 24
$22.6M
Q2 24
$21.3M
Q1 24
$-3.2M
$20.3M
Net Profit
DX
DX
LAND
LAND
Q4 25
$4.2M
Q3 25
$150.4M
$2.1M
Q2 25
$-13.6M
$-7.9M
Q1 25
$-3.1M
$15.1M
Q4 24
$540.0K
Q3 24
$6.0K
Q2 24
$-823.0K
Q1 24
$40.1M
$13.6M
Net Margin
DX
DX
LAND
LAND
Q4 25
10.2%
Q3 25
491.3%
11.7%
Q2 25
-58.8%
-64.1%
Q1 25
-18.0%
89.9%
Q4 24
2.6%
Q3 24
0.0%
Q2 24
-3.9%
Q1 24
-1256.8%
67.0%
EPS (diluted)
DX
DX
LAND
LAND
Q4 25
$1.59
$-0.05
Q3 25
$1.08
$-0.11
Q2 25
$-0.14
$-0.38
Q1 25
$-0.06
$0.25
Q4 24
$-0.15
Q3 24
$-0.16
Q2 24
$-0.19
Q1 24
$0.64
$0.21

Balance Sheet & Financial Strength

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

Metric
DX
DX
LAND
LAND
Cash + ST InvestmentsLiquidity on hand
$531.0M
$27.2M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$2.5B
$670.3M
Total Assets
$17.3B
$1.2B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
LAND
LAND
Q4 25
$531.0M
$27.2M
Q3 25
$491.0M
$11.3M
Q2 25
$387.5M
$30.5M
Q1 25
$327.4M
$42.9M
Q4 24
$18.3M
Q3 24
$13.2M
Q2 24
$49.8M
Q1 24
$295.7M
$51.6M
Total Debt
DX
DX
LAND
LAND
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Q1 24
$552.2M
Stockholders' Equity
DX
DX
LAND
LAND
Q4 25
$2.5B
$670.3M
Q3 25
$2.0B
$661.8M
Q2 25
$1.6B
$670.1M
Q1 25
$1.4B
$689.9M
Q4 24
$687.2M
Q3 24
$691.2M
Q2 24
$708.5M
Q1 24
$958.5M
$723.3M
Total Assets
DX
DX
LAND
LAND
Q4 25
$17.3B
$1.2B
Q3 25
$14.2B
$1.2B
Q2 25
$11.3B
$1.3B
Q1 25
$9.0B
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Q1 24
$6.3B
$1.4B
Debt / Equity
DX
DX
LAND
LAND
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×
Q1 24
0.76×

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
LAND
LAND
Operating Cash FlowLast quarter
$120.8M
$7.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
LAND
LAND
Q4 25
$120.8M
$7.0M
Q3 25
$68.3M
$-12.0M
Q2 25
$31.9M
$3.9M
Q1 25
$6.4M
$4.5M
Q4 24
$29.5M
Q3 24
$-1.4M
Q2 24
$15.9M
Q1 24
$-17.1M
$3.4M
Cash Conversion
DX
DX
LAND
LAND
Q4 25
1.66×
Q3 25
0.45×
-5.77×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24
Q1 24
-0.43×
0.25×

Financial Flow Comparison

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

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