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

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $43.5M, roughly 1.3× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 36.9%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 48.5%).

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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

DX vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.3× larger
RYTM
$57.3M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+494.4% gap
DX
531.3%
36.9%
RYTM
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
48.5%
RYTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
RYTM
RYTM
Revenue
$43.5M
$57.3M
Net Profit
$-47.5M
Gross Margin
91.6%
Operating Margin
-82.2%
Net Margin
-83.0%
Revenue YoY
531.3%
36.9%
Net Profit YoY
-9.6%
EPS (diluted)
$1.59
$-0.73

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
RYTM
RYTM
Q4 25
$43.5M
$57.3M
Q3 25
$30.6M
$51.3M
Q2 25
$23.1M
$48.5M
Q1 25
$17.1M
$32.7M
Q4 24
$41.8M
Q3 24
$33.3M
Q2 24
$29.1M
Q1 24
$-3.2M
$26.0M
Net Profit
DX
DX
RYTM
RYTM
Q4 25
$-47.5M
Q3 25
$150.4M
$-52.9M
Q2 25
$-13.6M
$-46.6M
Q1 25
$-3.1M
$-49.5M
Q4 24
$-43.3M
Q3 24
$-43.6M
Q2 24
$-32.3M
Q1 24
$40.1M
$-141.4M
Gross Margin
DX
DX
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
DX
DX
RYTM
RYTM
Q4 25
-82.2%
Q3 25
-102.6%
Q2 25
-93.4%
Q1 25
-143.7%
Q4 24
-98.6%
Q3 24
-132.0%
Q2 24
-139.2%
Q1 24
-538.7%
Net Margin
DX
DX
RYTM
RYTM
Q4 25
-83.0%
Q3 25
491.3%
-103.1%
Q2 25
-58.8%
-96.1%
Q1 25
-18.0%
-151.4%
Q4 24
-103.6%
Q3 24
-131.2%
Q2 24
-110.9%
Q1 24
-1256.8%
-544.4%
EPS (diluted)
DX
DX
RYTM
RYTM
Q4 25
$1.59
$-0.73
Q3 25
$1.08
$-0.82
Q2 25
$-0.14
$-0.75
Q1 25
$-0.06
$-0.81
Q4 24
$-0.71
Q3 24
$-0.73
Q2 24
$-0.55
Q1 24
$0.64
$-2.35

Balance Sheet & Financial Strength

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

Metric
DX
DX
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$531.0M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$139.1M
Total Assets
$17.3B
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
RYTM
RYTM
Q4 25
$531.0M
$388.9M
Q3 25
$491.0M
$416.1M
Q2 25
$387.5M
$291.0M
Q1 25
$327.4M
$314.5M
Q4 24
$320.6M
Q3 24
$298.4M
Q2 24
$319.1M
Q1 24
$295.7M
$201.2M
Stockholders' Equity
DX
DX
RYTM
RYTM
Q4 25
$2.5B
$139.1M
Q3 25
$2.0B
$148.8M
Q2 25
$1.6B
$-11.9M
Q1 25
$1.4B
$18.9M
Q4 24
$21.7M
Q3 24
$11.2M
Q2 24
$39.3M
Q1 24
$958.5M
$61.6M
Total Assets
DX
DX
RYTM
RYTM
Q4 25
$17.3B
$480.2M
Q3 25
$14.2B
$506.9M
Q2 25
$11.3B
$372.7M
Q1 25
$9.0B
$386.7M
Q4 24
$392.3M
Q3 24
$363.6M
Q2 24
$381.8M
Q1 24
$6.3B
$258.7M

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
RYTM
RYTM
Operating Cash FlowLast quarter
$120.8M
$-25.4M
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
RYTM
RYTM
Q4 25
$120.8M
$-25.4M
Q3 25
$68.3M
$-26.6M
Q2 25
$31.9M
$-23.3M
Q1 25
$6.4M
$-40.4M
Q4 24
$-18.8M
Q3 24
$-25.2M
Q2 24
$-29.1M
Q1 24
$-17.1M
$-40.7M
Cash Conversion
DX
DX
RYTM
RYTM
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.

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