vs

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

Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $43.5M, roughly 1.4× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 106.6%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 54.8%).

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.

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

DX vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.4× larger
OUST
$62.2M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+424.7% gap
DX
531.3%
106.6%
OUST
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
54.8%
OUST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
OUST
OUST
Revenue
$43.5M
$62.2M
Net Profit
Gross Margin
60.2%
Operating Margin
1.5%
Net Margin
Revenue YoY
531.3%
106.6%
Net Profit YoY
EPS (diluted)
$1.59
$0.10

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
OUST
OUST
Q4 25
$43.5M
$62.2M
Q3 25
$30.6M
$39.5M
Q2 25
$23.1M
$35.0M
Q1 25
$17.1M
$32.6M
Q4 24
$30.1M
Q3 24
$28.1M
Q2 24
$27.0M
Q1 24
$-3.2M
$25.9M
Net Profit
DX
DX
OUST
OUST
Q4 25
Q3 25
$150.4M
$-21.7M
Q2 25
$-13.6M
$-20.6M
Q1 25
$-3.1M
$-22.0M
Q4 24
Q3 24
$-25.6M
Q2 24
$-23.9M
Q1 24
$40.1M
$-23.8M
Gross Margin
DX
DX
OUST
OUST
Q4 25
60.2%
Q3 25
42.1%
Q2 25
45.2%
Q1 25
41.3%
Q4 24
43.8%
Q3 24
38.3%
Q2 24
33.7%
Q1 24
28.6%
Operating Margin
DX
DX
OUST
OUST
Q4 25
1.5%
Q3 25
-61.4%
Q2 25
-76.5%
Q1 25
-73.0%
Q4 24
-85.1%
Q3 24
-98.0%
Q2 24
-93.6%
Q1 24
-99.5%
Net Margin
DX
DX
OUST
OUST
Q4 25
Q3 25
491.3%
-55.0%
Q2 25
-58.8%
-58.8%
Q1 25
-18.0%
-67.5%
Q4 24
Q3 24
-91.1%
Q2 24
-88.4%
Q1 24
-1256.8%
-91.9%
EPS (diluted)
DX
DX
OUST
OUST
Q4 25
$1.59
$0.10
Q3 25
$1.08
$-0.37
Q2 25
$-0.14
$-0.38
Q1 25
$-0.06
$-0.42
Q4 24
$-0.46
Q3 24
$-0.54
Q2 24
$-0.53
Q1 24
$0.64
$-0.55

Balance Sheet & Financial Strength

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

Metric
DX
DX
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$531.0M
$208.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$261.7M
Total Assets
$17.3B
$349.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
OUST
OUST
Q4 25
$531.0M
$208.6M
Q3 25
$491.0M
$244.5M
Q2 25
$387.5M
$226.5M
Q1 25
$327.4M
$168.2M
Q4 24
$172.0M
Q3 24
$151.4M
Q2 24
$184.2M
Q1 24
$295.7M
$187.8M
Stockholders' Equity
DX
DX
OUST
OUST
Q4 25
$2.5B
$261.7M
Q3 25
$2.0B
$247.4M
Q2 25
$1.6B
$221.0M
Q1 25
$1.4B
$167.9M
Q4 24
$180.9M
Q3 24
$171.7M
Q2 24
$170.6M
Q1 24
$958.5M
$167.2M
Total Assets
DX
DX
OUST
OUST
Q4 25
$17.3B
$349.5M
Q3 25
$14.2B
$353.8M
Q2 25
$11.3B
$321.8M
Q1 25
$9.0B
$268.6M
Q4 24
$276.1M
Q3 24
$255.2M
Q2 24
$309.9M
Q1 24
$6.3B
$317.7M

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
OUST
OUST
Operating Cash FlowLast quarter
$120.8M
$-15.4M
Free Cash FlowOCF − Capex
$-37.2M
FCF MarginFCF / Revenue
-59.8%
Capex IntensityCapex / Revenue
35.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
OUST
OUST
Q4 25
$120.8M
$-15.4M
Q3 25
$68.3M
$-18.3M
Q2 25
$31.9M
$-1.3M
Q1 25
$6.4M
$-4.9M
Q4 24
$-2.6M
Q3 24
$-3.8M
Q2 24
$-21.6M
Q1 24
$-17.1M
$-5.7M
Free Cash Flow
DX
DX
OUST
OUST
Q4 25
$-37.2M
Q3 25
$-20.0M
Q2 25
$-2.2M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$-4.3M
Q2 24
$-22.0M
Q1 24
$-7.1M
FCF Margin
DX
DX
OUST
OUST
Q4 25
-59.8%
Q3 25
-50.7%
Q2 25
-6.3%
Q1 25
-16.6%
Q4 24
-13.3%
Q3 24
-15.4%
Q2 24
-81.5%
Q1 24
-27.4%
Capex Intensity
DX
DX
OUST
OUST
Q4 25
35.0%
Q3 25
4.3%
Q2 25
2.5%
Q1 25
1.7%
Q4 24
4.8%
Q3 24
2.0%
Q2 24
1.3%
Q1 24
5.3%
Cash Conversion
DX
DX
OUST
OUST
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

Related Comparisons