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

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $40.1M, roughly 1.1× Strawberry Fields REIT, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 31.5%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 20.0%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

DX vs STRW — Head-to-Head

Bigger by revenue
DX
DX
1.1× larger
DX
$43.5M
$40.1M
STRW
Growing faster (revenue YoY)
DX
DX
+499.8% gap
DX
531.3%
31.5%
STRW
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
20.0%
STRW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
STRW
STRW
Revenue
$43.5M
$40.1M
Net Profit
$2.0M
Gross Margin
Operating Margin
52.4%
Net Margin
5.0%
Revenue YoY
531.3%
31.5%
Net Profit YoY
37.6%
EPS (diluted)
$1.59
$0.15

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
STRW
STRW
Q4 25
$43.5M
$40.1M
Q3 25
$30.6M
$39.7M
Q2 25
$23.1M
$37.9M
Q1 25
$17.1M
$37.3M
Q4 24
$30.5M
Q3 24
$29.5M
Q2 24
$29.3M
Q1 24
$-3.2M
$27.8M
Net Profit
DX
DX
STRW
STRW
Q4 25
$2.0M
Q3 25
$150.4M
$2.0M
Q2 25
$-13.6M
$2.0M
Q1 25
$-3.1M
$1.6M
Q4 24
$1.5M
Q3 24
$944.0K
Q2 24
$938.0K
Q1 24
$40.1M
$746.0K
Operating Margin
DX
DX
STRW
STRW
Q4 25
52.4%
Q3 25
56.6%
Q2 25
54.5%
Q1 25
54.1%
Q4 24
51.5%
Q3 24
54.4%
Q2 24
52.3%
Q1 24
51.3%
Net Margin
DX
DX
STRW
STRW
Q4 25
5.0%
Q3 25
491.3%
5.1%
Q2 25
-58.8%
5.2%
Q1 25
-18.0%
4.2%
Q4 24
4.8%
Q3 24
3.2%
Q2 24
3.2%
Q1 24
-1256.8%
2.7%
EPS (diluted)
DX
DX
STRW
STRW
Q4 25
$1.59
$0.15
Q3 25
$1.08
$0.16
Q2 25
$-0.14
$0.16
Q1 25
$-0.06
$0.13
Q4 24
$0.17
Q3 24
$0.14
Q2 24
$0.14
Q1 24
$0.64
$0.12

Balance Sheet & Financial Strength

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

Metric
DX
DX
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$531.0M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$2.5B
$12.1M
Total Assets
$17.3B
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
STRW
STRW
Q4 25
$531.0M
$31.8M
Q3 25
$491.0M
$19.8M
Q2 25
$387.5M
$96.3M
Q1 25
$327.4M
$42.3M
Q4 24
$48.4M
Q3 24
$29.3M
Q2 24
$16.1M
Q1 24
$295.7M
$15.1M
Total Debt
DX
DX
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
DX
DX
STRW
STRW
Q4 25
$2.5B
$12.1M
Q3 25
$2.0B
$14.2M
Q2 25
$1.6B
$15.5M
Q1 25
$1.4B
$19.6M
Q4 24
$18.2M
Q3 24
$12.6M
Q2 24
$7.4M
Q1 24
$958.5M
$7.5M
Total Assets
DX
DX
STRW
STRW
Q4 25
$17.3B
$885.2M
Q3 25
$14.2B
$880.6M
Q2 25
$11.3B
$897.3M
Q1 25
$9.0B
$834.8M
Q4 24
$787.6M
Q3 24
$661.5M
Q2 24
$635.9M
Q1 24
$6.3B
$634.9M
Debt / Equity
DX
DX
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$120.8M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
STRW
STRW
Q4 25
$120.8M
$90.0M
Q3 25
$68.3M
$20.7M
Q2 25
$31.9M
$29.8M
Q1 25
$6.4M
$19.0M
Q4 24
$59.3M
Q3 24
$11.8M
Q2 24
$20.6M
Q1 24
$-17.1M
$2.1M
Cash Conversion
DX
DX
STRW
STRW
Q4 25
44.62×
Q3 25
0.45×
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
-0.43×
2.85×

Financial Flow Comparison

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

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