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

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $27.5M, roughly 1.6× Sanara MedTech Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 4.6%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 21.8%).

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.

Sanara MedTech Inc. is a US-based medical technology company that develops, manufactures, and distributes innovative surgical, wound care, and post-acute rehabilitation products. It mainly serves healthcare providers, hospitals, and long-term care facilities across North America, with a portfolio of FDA-cleared solutions designed to improve patient outcomes and lower clinical care operational costs.

DX vs SMTI — Head-to-Head

Bigger by revenue
DX
DX
1.6× larger
DX
$43.5M
$27.5M
SMTI
Growing faster (revenue YoY)
DX
DX
+526.7% gap
DX
531.3%
4.6%
SMTI
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
21.8%
SMTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
SMTI
SMTI
Revenue
$43.5M
$27.5M
Net Profit
$-1.6M
Gross Margin
93.2%
Operating Margin
23.5%
Net Margin
-5.9%
Revenue YoY
531.3%
4.6%
Net Profit YoY
5.3%
EPS (diluted)
$1.59
$-0.32

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
SMTI
SMTI
Q4 25
$43.5M
$27.5M
Q3 25
$30.6M
$26.3M
Q2 25
$23.1M
$25.8M
Q1 25
$17.1M
$23.4M
Q4 24
$26.3M
Q3 24
$21.7M
Q2 24
$20.2M
Q1 24
$-3.2M
$18.5M
Net Profit
DX
DX
SMTI
SMTI
Q4 25
$-1.6M
Q3 25
$150.4M
$-30.4M
Q2 25
$-13.6M
$-2.0M
Q1 25
$-3.1M
$-3.5M
Q4 24
$-1.7M
Q3 24
$-2.9M
Q2 24
$-3.5M
Q1 24
$40.1M
$-1.8M
Gross Margin
DX
DX
SMTI
SMTI
Q4 25
93.2%
Q3 25
92.9%
Q2 25
92.5%
Q1 25
92.2%
Q4 24
91.4%
Q3 24
90.8%
Q2 24
90.0%
Q1 24
89.8%
Operating Margin
DX
DX
SMTI
SMTI
Q4 25
23.5%
Q3 25
11.2%
Q2 25
-0.1%
Q1 25
-8.9%
Q4 24
18.6%
Q3 24
3.6%
Q2 24
-14.3%
Q1 24
-8.3%
Net Margin
DX
DX
SMTI
SMTI
Q4 25
-5.9%
Q3 25
491.3%
-115.5%
Q2 25
-58.8%
-7.8%
Q1 25
-18.0%
-15.1%
Q4 24
-6.5%
Q3 24
-13.2%
Q2 24
-17.4%
Q1 24
-1256.8%
-9.5%
EPS (diluted)
DX
DX
SMTI
SMTI
Q4 25
$1.59
$-0.32
Q3 25
$1.08
$-3.40
Q2 25
$-0.14
$-0.23
Q1 25
$-0.06
$-0.41
Q4 24
$-0.18
Q3 24
$-0.34
Q2 24
$-0.41
Q1 24
$0.64
$-0.21

Balance Sheet & Financial Strength

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

Metric
DX
DX
SMTI
SMTI
Cash + ST InvestmentsLiquidity on hand
$531.0M
$16.6M
Total DebtLower is stronger
$46.0M
Stockholders' EquityBook value
$2.5B
$5.9M
Total Assets
$17.3B
$72.9M
Debt / EquityLower = less leverage
7.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
SMTI
SMTI
Q4 25
$531.0M
$16.6M
Q3 25
$491.0M
$14.9M
Q2 25
$387.5M
$17.0M
Q1 25
$327.4M
$20.7M
Q4 24
$15.9M
Q3 24
$16.3M
Q2 24
$6.2M
Q1 24
$295.7M
$2.8M
Total Debt
DX
DX
SMTI
SMTI
Q4 25
$46.0M
Q3 25
$45.1M
Q2 25
$44.2M
Q1 25
$43.4M
Q4 24
$30.7M
Q3 24
$30.1M
Q2 24
$14.4M
Q1 24
$9.7M
Stockholders' Equity
DX
DX
SMTI
SMTI
Q4 25
$2.5B
$5.9M
Q3 25
$2.0B
$6.1M
Q2 25
$1.6B
$35.4M
Q1 25
$1.4B
$36.7M
Q4 24
$39.4M
Q3 24
$39.8M
Q2 24
$41.7M
Q1 24
$958.5M
$43.3M
Total Assets
DX
DX
SMTI
SMTI
Q4 25
$17.3B
$72.9M
Q3 25
$14.2B
$71.1M
Q2 25
$11.3B
$98.8M
Q1 25
$9.0B
$96.4M
Q4 24
$88.1M
Q3 24
$88.5M
Q2 24
$73.4M
Q1 24
$6.3B
$70.9M
Debt / Equity
DX
DX
SMTI
SMTI
Q4 25
7.74×
Q3 25
7.33×
Q2 25
1.25×
Q1 25
1.18×
Q4 24
0.78×
Q3 24
0.76×
Q2 24
0.34×
Q1 24
0.22×

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
SMTI
SMTI
Operating Cash FlowLast quarter
$120.8M
$3.9M
Free Cash FlowOCF − Capex
$3.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
SMTI
SMTI
Q4 25
$120.8M
$3.9M
Q3 25
$68.3M
$2.2M
Q2 25
$31.9M
$2.7M
Q1 25
$6.4M
$-2.0M
Q4 24
$932.0K
Q3 24
$2.1M
Q2 24
$-1.4M
Q1 24
$-17.1M
$-1.6M
Free Cash Flow
DX
DX
SMTI
SMTI
Q4 25
$3.9M
Q3 25
$1.1M
Q2 25
$902.7K
Q1 25
$-3.7M
Q4 24
$859.9K
Q3 24
$2.0M
Q2 24
$-1.5M
Q1 24
$-1.7M
FCF Margin
DX
DX
SMTI
SMTI
Q4 25
14.0%
Q3 25
4.2%
Q2 25
3.5%
Q1 25
-15.9%
Q4 24
3.3%
Q3 24
9.4%
Q2 24
-7.3%
Q1 24
-9.0%
Capex Intensity
DX
DX
SMTI
SMTI
Q4 25
0.3%
Q3 25
4.0%
Q2 25
6.8%
Q1 25
7.4%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
DX
DX
SMTI
SMTI
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.

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

SMTI
SMTI

Soft Tissue Repair Products$24.7M90%
Bone Fusion Products$2.8M10%

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