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

NPK International Inc. is the larger business by last-quarter revenue ($75.2M 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 30.7%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 23.9%).

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.

DX vs NPKI — Head-to-Head

Bigger by revenue
NPKI
NPKI
1.7× larger
NPKI
$75.2M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+500.6% gap
DX
531.3%
30.7%
NPKI
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
23.9%
NPKI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
NPKI
NPKI
Revenue
$43.5M
$75.2M
Net Profit
Gross Margin
37.7%
Operating Margin
16.7%
Net Margin
Revenue YoY
531.3%
30.7%
Net Profit YoY
EPS (diluted)
$1.59
$0.17

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
NPKI
NPKI
Q4 25
$43.5M
$75.2M
Q3 25
$30.6M
$68.8M
Q2 25
$23.1M
$68.2M
Q1 25
$17.1M
$64.8M
Q4 24
$57.5M
Q3 24
$44.2M
Q2 24
$66.8M
Q1 24
$-3.2M
$49.0M
Net Profit
DX
DX
NPKI
NPKI
Q4 25
Q3 25
$150.4M
$5.7M
Q2 25
$-13.6M
$8.7M
Q1 25
$-3.1M
$10.0M
Q4 24
Q3 24
$-174.3M
Q2 24
$8.0M
Q1 24
$40.1M
$7.3M
Gross Margin
DX
DX
NPKI
NPKI
Q4 25
37.7%
Q3 25
31.9%
Q2 25
36.9%
Q1 25
39.0%
Q4 24
39.2%
Q3 24
27.5%
Q2 24
37.2%
Q1 24
36.0%
Operating Margin
DX
DX
NPKI
NPKI
Q4 25
16.7%
Q3 25
13.2%
Q2 25
17.0%
Q1 25
20.9%
Q4 24
20.2%
Q3 24
2.8%
Q2 24
18.7%
Q1 24
14.2%
Net Margin
DX
DX
NPKI
NPKI
Q4 25
Q3 25
491.3%
8.2%
Q2 25
-58.8%
12.7%
Q1 25
-18.0%
15.4%
Q4 24
Q3 24
-394.3%
Q2 24
12.0%
Q1 24
-1256.8%
14.9%
EPS (diluted)
DX
DX
NPKI
NPKI
Q4 25
$1.59
$0.17
Q3 25
$1.08
$0.07
Q2 25
$-0.14
$0.10
Q1 25
$-0.06
$0.11
Q4 24
$0.10
Q3 24
$-1.99
Q2 24
$0.09
Q1 24
$0.64
$0.08

Balance Sheet & Financial Strength

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

Metric
DX
DX
NPKI
NPKI
Cash + ST InvestmentsLiquidity on hand
$531.0M
$5.1M
Total DebtLower is stronger
$16.9M
Stockholders' EquityBook value
$2.5B
$351.2M
Total Assets
$17.3B
$441.8M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
NPKI
NPKI
Q4 25
$531.0M
$5.1M
Q3 25
$491.0M
$35.6M
Q2 25
$387.5M
$26.0M
Q1 25
$327.4M
$20.8M
Q4 24
$17.8M
Q3 24
$42.9M
Q2 24
$35.1M
Q1 24
$295.7M
$37.7M
Total Debt
DX
DX
NPKI
NPKI
Q4 25
$16.9M
Q3 25
$9.5M
Q2 25
$9.3M
Q1 25
$8.1M
Q4 24
$7.7M
Q3 24
$14.0M
Q2 24
$58.0M
Q1 24
$77.4M
Stockholders' Equity
DX
DX
NPKI
NPKI
Q4 25
$2.5B
$351.2M
Q3 25
$2.0B
$333.9M
Q2 25
$1.6B
$328.8M
Q1 25
$1.4B
$326.9M
Q4 24
$326.5M
Q3 24
$316.5M
Q2 24
$426.6M
Q1 24
$958.5M
$421.6M
Total Assets
DX
DX
NPKI
NPKI
Q4 25
$17.3B
$441.8M
Q3 25
$14.2B
$404.5M
Q2 25
$11.3B
$393.7M
Q1 25
$9.0B
$390.0M
Q4 24
$393.7M
Q3 24
$389.6M
Q2 24
$624.8M
Q1 24
$6.3B
$640.8M
Debt / Equity
DX
DX
NPKI
NPKI
Q4 25
0.05×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.04×
Q2 24
0.14×
Q1 24
0.18×

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
NPKI
NPKI
Operating Cash FlowLast quarter
$120.8M
$18.0M
Free Cash FlowOCF − Capex
$5.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
16.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
NPKI
NPKI
Q4 25
$120.8M
$18.0M
Q3 25
$68.3M
$24.7M
Q2 25
$31.9M
$21.4M
Q1 25
$6.4M
$8.8M
Q4 24
$-4.1M
Q3 24
$2.8M
Q2 24
$27.6M
Q1 24
$-17.1M
$11.9M
Free Cash Flow
DX
DX
NPKI
NPKI
Q4 25
$5.8M
Q3 25
$12.0M
Q2 25
$9.7M
Q1 25
$-1.2M
Q4 24
$-17.7M
Q3 24
$-6.7M
Q2 24
$21.0M
Q1 24
$-1.9M
FCF Margin
DX
DX
NPKI
NPKI
Q4 25
7.6%
Q3 25
17.4%
Q2 25
14.3%
Q1 25
-1.8%
Q4 24
-30.8%
Q3 24
-15.2%
Q2 24
31.4%
Q1 24
-3.9%
Capex Intensity
DX
DX
NPKI
NPKI
Q4 25
16.3%
Q3 25
18.5%
Q2 25
17.1%
Q1 25
15.5%
Q4 24
23.6%
Q3 24
21.4%
Q2 24
9.9%
Q1 24
28.3%
Cash Conversion
DX
DX
NPKI
NPKI
Q4 25
Q3 25
0.45×
4.37×
Q2 25
2.47×
Q1 25
0.88×
Q4 24
Q3 24
Q2 24
3.43×
Q1 24
-0.43×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

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