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

RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $43.5M, roughly 1.5× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -19.8%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -15.9%).

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.

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

DX vs REI — Head-to-Head

Bigger by revenue
REI
REI
1.5× larger
REI
$66.9M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+551.1% gap
DX
531.3%
-19.8%
REI
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-15.9%
REI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
REI
REI
Revenue
$43.5M
$66.9M
Net Profit
Gross Margin
Operating Margin
-37.6%
Net Margin
Revenue YoY
531.3%
-19.8%
Net Profit YoY
EPS (diluted)
$1.59
$-0.07

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
REI
REI
Q4 25
$43.5M
$66.9M
Q3 25
$30.6M
$78.6M
Q2 25
$23.1M
$82.6M
Q1 25
$17.1M
$79.1M
Q4 24
$83.4M
Q3 24
$89.2M
Q2 24
$99.1M
Q1 24
$-3.2M
$94.5M
Net Profit
DX
DX
REI
REI
Q4 25
Q3 25
$150.4M
$-51.6M
Q2 25
$-13.6M
$20.6M
Q1 25
$-3.1M
$9.1M
Q4 24
Q3 24
$33.9M
Q2 24
$22.4M
Q1 24
$40.1M
$5.5M
Operating Margin
DX
DX
REI
REI
Q4 25
-37.6%
Q3 25
-70.0%
Q2 25
28.4%
Q1 25
28.3%
Q4 24
28.3%
Q3 24
33.4%
Q2 24
42.2%
Q1 24
39.8%
Net Margin
DX
DX
REI
REI
Q4 25
Q3 25
491.3%
-65.7%
Q2 25
-58.8%
25.0%
Q1 25
-18.0%
11.5%
Q4 24
Q3 24
38.0%
Q2 24
22.6%
Q1 24
-1256.8%
5.8%
EPS (diluted)
DX
DX
REI
REI
Q4 25
$1.59
$-0.07
Q3 25
$1.08
$-0.25
Q2 25
$-0.14
$0.10
Q1 25
$-0.06
$0.05
Q4 24
$0.03
Q3 24
$0.17
Q2 24
$0.11
Q1 24
$0.64
$0.03

Balance Sheet & Financial Strength

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

Metric
DX
DX
REI
REI
Cash + ST InvestmentsLiquidity on hand
$531.0M
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$836.3M
Total Assets
$17.3B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
REI
REI
Q4 25
$531.0M
$902.9K
Q3 25
$491.0M
$286.9K
Q2 25
$387.5M
Q1 25
$327.4M
$1.1M
Q4 24
$1.9M
Q3 24
Q2 24
$1.2M
Q1 24
$295.7M
$1.4M
Stockholders' Equity
DX
DX
REI
REI
Q4 25
$2.5B
$836.3M
Q3 25
$2.0B
$847.7M
Q2 25
$1.6B
$897.9M
Q1 25
$1.4B
$876.0M
Q4 24
$858.6M
Q3 24
$851.3M
Q2 24
$817.4M
Q1 24
$958.5M
$793.0M
Total Assets
DX
DX
REI
REI
Q4 25
$17.3B
$1.4B
Q3 25
$14.2B
$1.4B
Q2 25
$11.3B
$1.5B
Q1 25
$9.0B
$1.5B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$6.3B
$1.4B

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
REI
REI
Operating Cash FlowLast quarter
$120.8M
$44.7M
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.

Operating Cash Flow
DX
DX
REI
REI
Q4 25
$120.8M
$44.7M
Q3 25
$68.3M
$44.5M
Q2 25
$31.9M
$33.3M
Q1 25
$6.4M
$28.4M
Q4 24
$47.3M
Q3 24
$51.3M
Q2 24
$50.6M
Q1 24
$-17.1M
$45.2M
Cash Conversion
DX
DX
REI
REI
Q4 25
Q3 25
0.45×
Q2 25
1.61×
Q1 25
3.11×
Q4 24
Q3 24
1.52×
Q2 24
2.26×
Q1 24
-0.43×
8.19×

Financial Flow Comparison

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

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