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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $23.6M, roughly 1.8× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 15.7%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 8.9%).
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.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
DX vs NEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $23.6M |
| Net Profit | — | $-1.4M |
| Gross Margin | — | — |
| Operating Margin | — | 14.0% |
| Net Margin | — | -677.3% |
| Revenue YoY | 531.3% | 15.7% |
| Net Profit YoY | — | -133.0% |
| 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.
| Q4 25 | $43.5M | $23.6M | ||
| Q3 25 | $30.6M | $23.7M | ||
| Q2 25 | $23.1M | $21.2M | ||
| Q1 25 | $17.1M | $20.7M | ||
| Q4 24 | — | $20.4M | ||
| Q3 24 | — | $20.2M | ||
| Q2 24 | — | $20.1M | ||
| Q1 24 | $-3.2M | $19.9M |
| Q4 25 | — | $-1.4M | ||
| Q3 25 | $150.4M | $-521.8K | ||
| Q2 25 | $-13.6M | $4.1M | ||
| Q1 25 | $-3.1M | $3.8M | ||
| Q4 24 | — | $4.2M | ||
| Q3 24 | — | $3.9M | ||
| Q2 24 | — | $4.1M | ||
| Q1 24 | $40.1M | $3.5M |
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 32.0% | ||
| Q2 24 | — | 32.6% | ||
| Q1 24 | — | 28.9% |
| Q4 25 | — | -677.3% | ||
| Q3 25 | 491.3% | -2.2% | ||
| Q2 25 | -58.8% | 19.5% | ||
| Q1 25 | -18.0% | 18.3% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 20.3% | ||
| Q1 24 | -1256.8% | 17.4% |
| Q4 25 | $1.59 | — | ||
| Q3 25 | $1.08 | — | ||
| Q2 25 | $-0.14 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.64 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $26.7M |
| Total DebtLower is stronger | — | $531.0M |
| Stockholders' EquityBook value | $2.5B | — |
| Total Assets | $17.3B | $505.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $26.7M | ||
| Q3 25 | $491.0M | $13.4M | ||
| Q2 25 | $387.5M | $16.7M | ||
| Q1 25 | $327.4M | $30.9M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $13.5M | ||
| Q1 24 | $295.7M | $28.8M |
| Q4 25 | — | $531.0M | ||
| Q3 25 | — | $514.2M | ||
| Q2 25 | — | $514.3M | ||
| Q1 25 | — | $407.8M | ||
| Q4 24 | — | $408.6M | ||
| Q3 24 | — | $409.3M | ||
| Q2 24 | — | $410.0M | ||
| Q1 24 | — | $410.7M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $958.5M | — |
| Q4 25 | $17.3B | $505.3M | ||
| Q3 25 | $14.2B | $492.9M | ||
| Q2 25 | $11.3B | $494.8M | ||
| Q1 25 | $9.0B | $385.2M | ||
| Q4 24 | — | $393.5M | ||
| Q3 24 | — | $387.4M | ||
| Q2 24 | — | $383.7M | ||
| Q1 24 | $6.3B | $381.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | $27.7M |
| 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.
| Q4 25 | $120.8M | $27.7M | ||
| Q3 25 | $68.3M | $2.3M | ||
| Q2 25 | $31.9M | $12.5M | ||
| Q1 25 | $6.4M | $5.5M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $8.5M | ||
| Q2 24 | — | $5.4M | ||
| Q1 24 | $-17.1M | $6.1M |
| Q4 25 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | 3.02× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 7.57× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | -0.43× | 1.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
