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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $33.9M, roughly 1.3× Spok Holdings, Inc). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -0.1%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
DX vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $33.9M |
| Net Profit | — | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | — | 11.6% |
| Net Margin | — | 8.7% |
| Revenue YoY | 531.3% | -0.1% |
| Net Profit YoY | — | -19.6% |
| EPS (diluted) | $1.59 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $30.6M | $33.9M | ||
| Q2 25 | $23.1M | $35.7M | ||
| Q1 25 | $17.1M | $36.3M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | — | $34.9M | ||
| Q2 24 | — | $34.0M | ||
| Q1 24 | $-3.2M | $34.9M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | $150.4M | $3.2M | ||
| Q2 25 | $-13.6M | $4.6M | ||
| Q1 25 | $-3.1M | $5.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | $40.1M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | 491.3% | 9.5% | ||
| Q2 25 | -58.8% | 12.8% | ||
| Q1 25 | -18.0% | 14.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | -1256.8% | 12.1% |
| Q4 25 | $1.59 | $0.13 | ||
| Q3 25 | $1.08 | $0.15 | ||
| Q2 25 | $-0.14 | $0.22 | ||
| Q1 25 | $-0.06 | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $146.4M |
| Total Assets | $17.3B | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $25.3M | ||
| Q3 25 | $491.0M | $21.4M | ||
| Q2 25 | $387.5M | $20.2M | ||
| Q1 25 | $327.4M | $19.9M | ||
| Q4 24 | — | $29.1M | ||
| Q3 24 | — | $27.8M | ||
| Q2 24 | — | $23.9M | ||
| Q1 24 | $295.7M | $23.3M |
| Q4 25 | $2.5B | $146.4M | ||
| Q3 25 | $2.0B | $148.7M | ||
| Q2 25 | $1.6B | $150.9M | ||
| Q1 25 | $1.4B | $151.7M | ||
| Q4 24 | — | $154.7M | ||
| Q3 24 | — | $156.3M | ||
| Q2 24 | — | $158.2M | ||
| Q1 24 | $958.5M | $160.2M |
| Q4 25 | $17.3B | $206.1M | ||
| Q3 25 | $14.2B | $209.7M | ||
| Q2 25 | $11.3B | $208.7M | ||
| Q1 25 | $9.0B | $204.5M | ||
| Q4 24 | — | $217.1M | ||
| Q3 24 | — | $216.8M | ||
| Q2 24 | — | $216.4M | ||
| Q1 24 | $6.3B | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $11.5M | ||
| Q3 25 | $68.3M | $8.1M | ||
| Q2 25 | $31.9M | $7.0M | ||
| Q1 25 | $6.4M | $2.3M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $7.4M | ||
| Q1 24 | $-17.1M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | 0.45× | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | -0.43× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
