vs

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

Nayax Ltd. is the larger business by last-quarter revenue ($78.1M vs $43.5M, roughly 1.8× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 39.0%).

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.

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

DX vs NYAX — Head-to-Head

Bigger by revenue
NYAX
NYAX
1.8× larger
NYAX
$78.1M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+492.3% gap
DX
531.3%
39.0%
NYAX

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
DX
DX
NYAX
NYAX
Revenue
$43.5M
$78.1M
Net Profit
$-3.0M
Gross Margin
44.3%
Operating Margin
1.2%
Net Margin
-3.9%
Revenue YoY
531.3%
39.0%
Net Profit YoY
24.2%
EPS (diluted)
$1.59
$-0.08

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
NYAX
NYAX
Q4 25
$43.5M
Q3 25
$30.6M
Q2 25
$23.1M
Q1 25
$17.1M
Q2 24
$78.1M
Q1 24
$-3.2M
Q2 23
$56.2M
Q4 22
$6.2M
Net Profit
DX
DX
NYAX
NYAX
Q4 25
Q3 25
$150.4M
Q2 25
$-13.6M
Q1 25
$-3.1M
Q2 24
$-3.0M
Q1 24
$40.1M
Q2 23
$-4.0M
Q4 22
$43.3M
Gross Margin
DX
DX
NYAX
NYAX
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
44.3%
Q1 24
Q2 23
37.1%
Q4 22
Operating Margin
DX
DX
NYAX
NYAX
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
1.2%
Q1 24
Q2 23
-6.6%
Q4 22
Net Margin
DX
DX
NYAX
NYAX
Q4 25
Q3 25
491.3%
Q2 25
-58.8%
Q1 25
-18.0%
Q2 24
-3.9%
Q1 24
-1256.8%
Q2 23
-7.1%
Q4 22
697.2%
EPS (diluted)
DX
DX
NYAX
NYAX
Q4 25
$1.59
Q3 25
$1.08
Q2 25
$-0.14
Q1 25
$-0.06
Q2 24
$-0.08
Q1 24
$0.64
Q2 23
$-0.12
Q4 22
$0.44

Balance Sheet & Financial Strength

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

Metric
DX
DX
NYAX
NYAX
Cash + ST InvestmentsLiquidity on hand
$531.0M
$61.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$158.7M
Total Assets
$17.3B
$434.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
NYAX
NYAX
Q4 25
$531.0M
Q3 25
$491.0M
Q2 25
$387.5M
Q1 25
$327.4M
Q2 24
$61.9M
Q1 24
$295.7M
Q2 23
$31.1M
Q4 22
$332.0M
Stockholders' Equity
DX
DX
NYAX
NYAX
Q4 25
$2.5B
Q3 25
$2.0B
Q2 25
$1.6B
Q1 25
$1.4B
Q2 24
$158.7M
Q1 24
$958.5M
Q2 23
$100.0M
Q4 22
$901.3M
Total Assets
DX
DX
NYAX
NYAX
Q4 25
$17.3B
Q3 25
$14.2B
Q2 25
$11.3B
Q1 25
$9.0B
Q2 24
$434.7M
Q1 24
$6.3B
Q2 23
$261.8M
Q4 22
$3.6B

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
NYAX
NYAX
Operating Cash FlowLast quarter
$120.8M
$9.2M
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
NYAX
NYAX
Q4 25
$120.8M
Q3 25
$68.3M
Q2 25
$31.9M
Q1 25
$6.4M
Q2 24
$9.2M
Q1 24
$-17.1M
Q2 23
$-1.7M
Q4 22
$30.1M
Cash Conversion
DX
DX
NYAX
NYAX
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q2 24
Q1 24
-0.43×
Q2 23
Q4 22
0.69×

Financial Flow Comparison

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

Related Comparisons