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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $43.5M, roughly 1.4× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 21.8%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs 75.8%).
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.
DX vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $60.9M |
| Net Profit | — | $12.2M |
| Gross Margin | — | 17.6% |
| Operating Margin | — | 1.5% |
| Net Margin | — | 20.0% |
| Revenue YoY | 531.3% | 21.8% |
| Net Profit YoY | — | 535.7% |
| EPS (diluted) | $1.59 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $30.6M | $41.9M | ||
| Q2 25 | $23.1M | $44.0M | ||
| Q1 25 | $17.1M | $99.0M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $12.2M | ||
| Q1 24 | $-3.2M | $15.9M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $150.4M | $-1.5M | ||
| Q2 25 | $-13.6M | $1.5M | ||
| Q1 25 | $-3.1M | $3.0M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | $40.1M | $15.0K |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 17.1% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | -2.2% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 20.0% | ||
| Q3 25 | 491.3% | -3.6% | ||
| Q2 25 | -58.8% | 3.4% | ||
| Q1 25 | -18.0% | 3.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | -1256.8% | 0.1% |
| Q4 25 | $1.59 | $0.44 | ||
| Q3 25 | $1.08 | $-0.06 | ||
| Q2 25 | $-0.14 | $0.06 | ||
| Q1 25 | $-0.06 | $0.12 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | $0.64 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $76.6M |
| Total Assets | $17.3B | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $85.5M | ||
| Q3 25 | $491.0M | $70.7M | ||
| Q2 25 | $387.5M | — | ||
| Q1 25 | $327.4M | — | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | — | $8.3M | ||
| Q1 24 | $295.7M | $14.4M |
| Q4 25 | $2.5B | $76.6M | ||
| Q3 25 | $2.0B | $63.4M | ||
| Q2 25 | $1.6B | $9.5M | ||
| Q1 25 | $1.4B | $9.4M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $7.7M | ||
| Q2 24 | — | $5.2M | ||
| Q1 24 | $958.5M | $3.7M |
| Q4 25 | $17.3B | $184.9M | ||
| Q3 25 | $14.2B | $165.4M | ||
| Q2 25 | $11.3B | $139.5M | ||
| Q1 25 | $9.0B | $113.5M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $67.3M | ||
| Q2 24 | — | $28.9M | ||
| Q1 24 | $6.3B | $26.8M |
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 | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.8M | $16.3M | ||
| Q3 25 | $68.3M | $-18.4M | ||
| Q2 25 | $31.9M | $16.3M | ||
| Q1 25 | $6.4M | $20.6M | ||
| Q4 24 | — | $-21.6M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-4.3M | ||
| Q1 24 | $-17.1M | $2.6M |
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% | ||
| Q1 24 | — | 16.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | -0.43× | 176.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
