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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and TAT TECHNOLOGIES LTD (TATT). Click either name above to swap in a different company.

TAT TECHNOLOGIES LTD is the larger business by last-quarter revenue ($46.2M vs $43.5M, roughly 1.1× DYNEX CAPITAL INC).

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.

TAT Technologies Ltd. is a publicly traded company, headquartered in the United States, providing environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.

DX vs TATT — Head-to-Head

Bigger by revenue
TATT
TATT
1.1× larger
TATT
$46.2M
$43.5M
DX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DX
DX
TATT
TATT
Revenue
$43.5M
$46.2M
Net Profit
$4.8M
Gross Margin
25.1%
Operating Margin
11.4%
Net Margin
10.5%
Revenue YoY
531.3%
Net Profit YoY
EPS (diluted)
$1.59
$0.37

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
TATT
TATT
Q4 25
$43.5M
Q3 25
$30.6M
$46.2M
Q2 25
$23.1M
$43.1M
Q1 25
$17.1M
Q1 24
$-3.2M
Q4 22
$6.2M
Q3 22
$7.1M
Q2 22
$14.1M
Net Profit
DX
DX
TATT
TATT
Q4 25
Q3 25
$150.4M
$4.8M
Q2 25
$-13.6M
$3.4M
Q1 25
$-3.1M
Q1 24
$40.1M
Q4 22
$43.3M
Q3 22
$-46.7M
Q2 22
$29.3M
Gross Margin
DX
DX
TATT
TATT
Q4 25
Q3 25
25.1%
Q2 25
25.1%
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Operating Margin
DX
DX
TATT
TATT
Q4 25
Q3 25
11.4%
Q2 25
10.3%
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Net Margin
DX
DX
TATT
TATT
Q4 25
Q3 25
491.3%
10.5%
Q2 25
-58.8%
8.0%
Q1 25
-18.0%
Q1 24
-1256.8%
Q4 22
697.2%
Q3 22
-655.3%
Q2 22
208.5%
EPS (diluted)
DX
DX
TATT
TATT
Q4 25
$1.59
Q3 25
$1.08
$0.37
Q2 25
$-0.14
$0.30
Q1 25
$-0.06
Q1 24
$0.64
Q4 22
$0.44
Q3 22
$-1.07
Q2 22
$0.69

Balance Sheet & Financial Strength

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

Metric
DX
DX
TATT
TATT
Cash + ST InvestmentsLiquidity on hand
$531.0M
$47.1M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$2.5B
$170.7M
Total Assets
$17.3B
$224.1M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
TATT
TATT
Q4 25
$531.0M
Q3 25
$491.0M
$47.1M
Q2 25
$387.5M
$43.1M
Q1 25
$327.4M
Q1 24
$295.7M
Q4 22
$332.0M
Q3 22
$260.4M
Q2 22
$325.7M
Total Debt
DX
DX
TATT
TATT
Q4 25
Q3 25
$9.9M
Q2 25
$10.3M
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Stockholders' Equity
DX
DX
TATT
TATT
Q4 25
$2.5B
Q3 25
$2.0B
$170.7M
Q2 25
$1.6B
$165.8M
Q1 25
$1.4B
Q1 24
$958.5M
Q4 22
$901.3M
Q3 22
$771.3M
Q2 22
$842.4M
Total Assets
DX
DX
TATT
TATT
Q4 25
$17.3B
Q3 25
$14.2B
$224.1M
Q2 25
$11.3B
$213.6M
Q1 25
$9.0B
Q1 24
$6.3B
Q4 22
$3.6B
Q3 22
$4.0B
Q2 22
$3.2B
Debt / Equity
DX
DX
TATT
TATT
Q4 25
Q3 25
0.06×
Q2 25
0.06×
Q1 25
Q1 24
Q4 22
Q3 22
Q2 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
TATT
TATT
Operating Cash FlowLast quarter
$120.8M
$7.5M
Free Cash FlowOCF − Capex
$4.8M
FCF MarginFCF / Revenue
10.3%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
TATT
TATT
Q4 25
$120.8M
Q3 25
$68.3M
$7.5M
Q2 25
$31.9M
$6.9M
Q1 25
$6.4M
Q1 24
$-17.1M
Q4 22
$30.1M
Q3 22
$25.5M
Q2 22
$36.2M
Free Cash Flow
DX
DX
TATT
TATT
Q4 25
Q3 25
$4.8M
Q2 25
$3.6M
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
FCF Margin
DX
DX
TATT
TATT
Q4 25
Q3 25
10.3%
Q2 25
8.5%
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Capex Intensity
DX
DX
TATT
TATT
Q4 25
Q3 25
5.9%
Q2 25
7.7%
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Cash Conversion
DX
DX
TATT
TATT
Q4 25
Q3 25
0.45×
1.55×
Q2 25
2.02×
Q1 25
Q1 24
-0.43×
Q4 22
0.69×
Q3 22
Q2 22
1.23×

Financial Flow Comparison

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

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