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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $38.5M, roughly 1.1× Orchid Island Capital, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 372.6%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs 75.8%).
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.
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
DX vs ORC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $38.5M |
| Net Profit | — | $103.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | — | 268.7% |
| Revenue YoY | 531.3% | 372.6% |
| Net Profit YoY | — | 1764.9% |
| 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 | $38.5M | ||
| Q3 25 | $30.6M | $26.9M | ||
| Q2 25 | $23.1M | $23.2M | ||
| Q1 25 | $17.1M | $19.7M | ||
| Q3 24 | — | $340.0K | ||
| Q2 24 | — | $-697.0K | ||
| Q1 24 | $-3.2M | $-2.5M | ||
| Q4 22 | $6.2M | $2.4M |
| Q4 25 | — | $103.4M | ||
| Q3 25 | $150.4M | $72.1M | ||
| Q2 25 | $-13.6M | $-33.6M | ||
| Q1 25 | $-3.1M | $17.1M | ||
| Q3 24 | — | $17.3M | ||
| Q2 24 | — | $-5.0M | ||
| Q1 24 | $40.1M | $19.8M | ||
| Q4 22 | $43.3M | — |
| Q4 25 | — | 268.7% | ||
| Q3 25 | 491.3% | 267.8% | ||
| Q2 25 | -58.8% | -145.0% | ||
| Q1 25 | -18.0% | 86.9% | ||
| Q3 24 | — | 5094.1% | ||
| Q2 24 | — | 714.3% | ||
| Q1 24 | -1256.8% | -794.2% | ||
| Q4 22 | 697.2% | — |
| Q4 25 | $1.59 | — | ||
| Q3 25 | $1.08 | — | ||
| Q2 25 | $-0.14 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.64 | — | ||
| Q4 22 | $0.44 | — |
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 | $665.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $1.4B |
| Total Assets | $17.3B | $11.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $665.9M | ||
| Q3 25 | $491.0M | $583.9M | ||
| Q2 25 | $387.5M | $440.8M | ||
| Q1 25 | $327.4M | $396.4M | ||
| Q3 24 | — | $322.1M | ||
| Q2 24 | — | $241.0M | ||
| Q1 24 | $295.7M | $190.4M | ||
| Q4 22 | $332.0M | $205.7M |
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $1.6B | $912.0M | ||
| Q1 25 | $1.4B | $855.9M | ||
| Q3 24 | — | $656.0M | ||
| Q2 24 | — | $555.9M | ||
| Q1 24 | $958.5M | $481.6M | ||
| Q4 22 | $901.3M | $438.8M |
| Q4 25 | $17.3B | $11.7B | ||
| Q3 25 | $14.2B | $9.1B | ||
| Q2 25 | $11.3B | $7.6B | ||
| Q1 25 | $9.0B | $7.3B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | $6.3B | $4.2B | ||
| Q4 22 | $3.6B | $3.9B |
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 | $120.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $120.4M | ||
| Q3 25 | $68.3M | $28.0M | ||
| Q2 25 | $31.9M | $18.4M | ||
| Q1 25 | $6.4M | $25.8M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | — | $19.3M | ||
| Q1 24 | $-17.1M | $45.0M | ||
| Q4 22 | $30.1M | $289.4M |
| Q4 25 | — | 1.16× | ||
| Q3 25 | 0.45× | 0.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.51× | ||
| Q3 24 | — | -0.86× | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.43× | 2.28× | ||
| Q4 22 | 0.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
