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

MEDIFAST INC is the larger business by last-quarter revenue ($75.1M 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 -36.9%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -34.4%).

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.

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

DX vs MED — Head-to-Head

Bigger by revenue
MED
MED
1.7× larger
MED
$75.1M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+568.2% gap
DX
531.3%
-36.9%
MED
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-34.4%
MED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
MED
MED
Revenue
$43.5M
$75.1M
Net Profit
Gross Margin
69.4%
Operating Margin
-10.4%
Net Margin
Revenue YoY
531.3%
-36.9%
Net Profit YoY
EPS (diluted)
$1.59
$-1.64

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
MED
MED
Q4 25
$43.5M
$75.1M
Q3 25
$30.6M
$89.4M
Q2 25
$23.1M
$105.6M
Q1 25
$17.1M
$115.7M
Q4 24
$119.0M
Q3 24
$140.2M
Q2 24
$168.6M
Q1 24
$-3.2M
$174.7M
Net Profit
DX
DX
MED
MED
Q4 25
Q3 25
$150.4M
$-2.3M
Q2 25
$-13.6M
$2.5M
Q1 25
$-3.1M
$-772.0K
Q4 24
Q3 24
$1.1M
Q2 24
$-8.2M
Q1 24
$40.1M
$8.3M
Gross Margin
DX
DX
MED
MED
Q4 25
69.4%
Q3 25
69.5%
Q2 25
72.6%
Q1 25
72.8%
Q4 24
74.1%
Q3 24
75.4%
Q2 24
73.2%
Q1 24
72.8%
Operating Margin
DX
DX
MED
MED
Q4 25
-10.4%
Q3 25
-4.6%
Q2 25
-1.0%
Q1 25
-1.1%
Q4 24
0.6%
Q3 24
1.5%
Q2 24
-4.7%
Q1 24
4.5%
Net Margin
DX
DX
MED
MED
Q4 25
Q3 25
491.3%
-2.5%
Q2 25
-58.8%
2.3%
Q1 25
-18.0%
-0.7%
Q4 24
Q3 24
0.8%
Q2 24
-4.8%
Q1 24
-1256.8%
4.8%
EPS (diluted)
DX
DX
MED
MED
Q4 25
$1.59
$-1.64
Q3 25
$1.08
$-0.21
Q2 25
$-0.14
$0.22
Q1 25
$-0.06
$-0.07
Q4 24
$0.08
Q3 24
$0.10
Q2 24
$-0.75
Q1 24
$0.64
$0.76

Balance Sheet & Financial Strength

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

Metric
DX
DX
MED
MED
Cash + ST InvestmentsLiquidity on hand
$531.0M
$167.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$198.9M
Total Assets
$17.3B
$248.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
MED
MED
Q4 25
$531.0M
$167.3M
Q3 25
$491.0M
$173.5M
Q2 25
$387.5M
$162.7M
Q1 25
$327.4M
$164.6M
Q4 24
$162.3M
Q3 24
$170.0M
Q2 24
$163.5M
Q1 24
$295.7M
$156.4M
Stockholders' Equity
DX
DX
MED
MED
Q4 25
$2.5B
$198.9M
Q3 25
$2.0B
$214.7M
Q2 25
$1.6B
$216.0M
Q1 25
$1.4B
$211.0M
Q4 24
$210.1M
Q3 24
$207.3M
Q2 24
$205.3M
Q1 24
$958.5M
$211.0M
Total Assets
DX
DX
MED
MED
Q4 25
$17.3B
$248.0M
Q3 25
$14.2B
$268.2M
Q2 25
$11.3B
$269.3M
Q1 25
$9.0B
$280.0M
Q4 24
$284.2M
Q3 24
$291.2M
Q2 24
$293.5M
Q1 24
$6.3B
$302.8M

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
MED
MED
Operating Cash FlowLast quarter
$120.8M
$-5.3M
Free Cash FlowOCF − Capex
$-6.6M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
MED
MED
Q4 25
$120.8M
$-5.3M
Q3 25
$68.3M
$12.1M
Q2 25
$31.9M
$-3.4M
Q1 25
$6.4M
$3.4M
Q4 24
$-4.9M
Q3 24
$9.1M
Q2 24
$13.1M
Q1 24
$-17.1M
$7.3M
Free Cash Flow
DX
DX
MED
MED
Q4 25
$-6.6M
Q3 25
$10.8M
Q2 25
$-4.8M
Q1 25
$1.9M
Q4 24
$-7.2M
Q3 24
$7.7M
Q2 24
$11.1M
Q1 24
$5.4M
FCF Margin
DX
DX
MED
MED
Q4 25
-8.8%
Q3 25
12.0%
Q2 25
-4.5%
Q1 25
1.6%
Q4 24
-6.1%
Q3 24
5.5%
Q2 24
6.6%
Q1 24
3.1%
Capex Intensity
DX
DX
MED
MED
Q4 25
1.8%
Q3 25
1.5%
Q2 25
1.3%
Q1 25
1.3%
Q4 24
1.9%
Q3 24
1.0%
Q2 24
1.1%
Q1 24
1.1%
Cash Conversion
DX
DX
MED
MED
Q4 25
Q3 25
0.45×
Q2 25
-1.36×
Q1 25
Q4 24
Q3 24
8.04×
Q2 24
Q1 24
-0.43×
0.88×

Financial Flow Comparison

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

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