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

NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($66.8M vs $43.5M, roughly 1.5× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -5.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 11.9%).

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.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

DX vs NC — Head-to-Head

Bigger by revenue
NC
NC
1.5× larger
NC
$66.8M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+536.5% gap
DX
531.3%
-5.2%
NC
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
11.9%
NC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
NC
NC
Revenue
$43.5M
$66.8M
Net Profit
$-3.8M
Gross Margin
18.0%
Operating Margin
11.3%
Net Margin
-5.8%
Revenue YoY
531.3%
-5.2%
Net Profit YoY
-150.8%
EPS (diluted)
$1.59
$-0.53

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
NC
NC
Q4 25
$43.5M
$66.8M
Q3 25
$30.6M
$76.6M
Q2 25
$23.1M
$68.2M
Q1 25
$17.1M
$65.6M
Q4 24
$70.4M
Q3 24
$61.7M
Q2 24
$52.3M
Q1 24
$-3.2M
$53.3M
Net Profit
DX
DX
NC
NC
Q4 25
$-3.8M
Q3 25
$150.4M
$13.3M
Q2 25
$-13.6M
$3.3M
Q1 25
$-3.1M
$4.9M
Q4 24
$7.6M
Q3 24
$15.6M
Q2 24
$6.0M
Q1 24
$40.1M
$4.6M
Gross Margin
DX
DX
NC
NC
Q4 25
18.0%
Q3 25
13.0%
Q2 25
10.0%
Q1 25
14.7%
Q4 24
12.0%
Q3 24
11.7%
Q2 24
13.4%
Q1 24
13.2%
Operating Margin
DX
DX
NC
NC
Q4 25
11.3%
Q3 25
8.8%
Q2 25
-0.1%
Q1 25
11.7%
Q4 24
5.5%
Q3 24
31.9%
Q2 24
14.1%
Q1 24
8.9%
Net Margin
DX
DX
NC
NC
Q4 25
-5.8%
Q3 25
491.3%
17.3%
Q2 25
-58.8%
4.8%
Q1 25
-18.0%
7.5%
Q4 24
10.7%
Q3 24
25.4%
Q2 24
11.4%
Q1 24
-1256.8%
8.6%
EPS (diluted)
DX
DX
NC
NC
Q4 25
$1.59
$-0.53
Q3 25
$1.08
$1.78
Q2 25
$-0.14
$0.44
Q1 25
$-0.06
$0.66
Q4 24
$0.99
Q3 24
$2.14
Q2 24
$0.81
Q1 24
$0.64
$0.61

Balance Sheet & Financial Strength

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

Metric
DX
DX
NC
NC
Cash + ST InvestmentsLiquidity on hand
$531.0M
$49.7M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$2.5B
$429.2M
Total Assets
$17.3B
$661.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
NC
NC
Q4 25
$531.0M
$49.7M
Q3 25
$491.0M
$52.7M
Q2 25
$387.5M
$49.4M
Q1 25
$327.4M
$61.9M
Q4 24
$72.8M
Q3 24
$63.1M
Q2 24
$62.4M
Q1 24
$295.7M
$61.8M
Total Debt
DX
DX
NC
NC
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$99.4M
Q3 24
Q2 24
$29.0M
Q1 24
$28.4M
Stockholders' Equity
DX
DX
NC
NC
Q4 25
$2.5B
$429.2M
Q3 25
$2.0B
$426.4M
Q2 25
$1.6B
$413.1M
Q1 25
$1.4B
$409.1M
Q4 24
$404.9M
Q3 24
$397.3M
Q2 24
$384.1M
Q1 24
$958.5M
$381.6M
Total Assets
DX
DX
NC
NC
Q4 25
$17.3B
$661.2M
Q3 25
$14.2B
$637.6M
Q2 25
$11.3B
$631.3M
Q1 25
$9.0B
$634.2M
Q4 24
$631.7M
Q3 24
$597.4M
Q2 24
$560.1M
Q1 24
$6.3B
$538.0M
Debt / Equity
DX
DX
NC
NC
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.08×
Q1 24
0.07×

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
NC
NC
Operating Cash FlowLast quarter
$120.8M
$11.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
NC
NC
Q4 25
$120.8M
$11.4M
Q3 25
$68.3M
$42.3M
Q2 25
$31.9M
$-7.8M
Q1 25
$6.4M
$5.0M
Q4 24
$25.2M
Q3 24
$2.8M
Q2 24
$4.1M
Q1 24
$-17.1M
$-9.8M
Cash Conversion
DX
DX
NC
NC
Q4 25
Q3 25
0.45×
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×
Q1 24
-0.43×
-2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

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