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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.

Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $43.5M, roughly 1.9× 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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

DX vs TWNP — Head-to-Head

Bigger by revenue
TWNP
TWNP
1.9× larger
TWNP
$82.3M
$43.5M
DX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DX
DX
TWNP
TWNP
Revenue
$43.5M
$82.3M
Net Profit
$-24.5M
Gross Margin
Operating Margin
-16.2%
Net Margin
-29.7%
Revenue YoY
531.3%
Net Profit YoY
EPS (diluted)
$1.59
$-0.43

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
TWNP
TWNP
Q4 25
$43.5M
Q3 25
$30.6M
$82.3M
Q2 25
$23.1M
$87.8M
Q1 25
$17.1M
$87.1M
Q1 24
$-3.2M
Q4 22
$6.2M
Q3 22
$7.1M
Q2 22
$14.1M
Net Profit
DX
DX
TWNP
TWNP
Q4 25
Q3 25
$150.4M
$-24.5M
Q2 25
$-13.6M
$-20.8M
Q1 25
$-3.1M
$-12.1M
Q1 24
$40.1M
Q4 22
$43.3M
Q3 22
$-46.7M
Q2 22
$29.3M
Operating Margin
DX
DX
TWNP
TWNP
Q4 25
Q3 25
-16.2%
Q2 25
-13.2%
Q1 25
-1.2%
Q1 24
Q4 22
Q3 22
Q2 22
Net Margin
DX
DX
TWNP
TWNP
Q4 25
Q3 25
491.3%
-29.7%
Q2 25
-58.8%
-23.7%
Q1 25
-18.0%
-13.9%
Q1 24
-1256.8%
Q4 22
697.2%
Q3 22
-655.3%
Q2 22
208.5%
EPS (diluted)
DX
DX
TWNP
TWNP
Q4 25
$1.59
Q3 25
$1.08
$-0.43
Q2 25
$-0.14
$-0.38
Q1 25
$-0.06
$-0.26
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
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$531.0M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$2.5B
$-92.1M
Total Assets
$17.3B
$516.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
TWNP
TWNP
Q4 25
$531.0M
Q3 25
$491.0M
Q2 25
$387.5M
Q1 25
$327.4M
Q1 24
$295.7M
Q4 22
$332.0M
Q3 22
$260.4M
Q2 22
$325.7M
Total Debt
DX
DX
TWNP
TWNP
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q1 24
Q4 22
Q3 22
Q2 22
Stockholders' Equity
DX
DX
TWNP
TWNP
Q4 25
$2.5B
Q3 25
$2.0B
$-92.1M
Q2 25
$1.6B
$-78.6M
Q1 25
$1.4B
$-101.9M
Q1 24
$958.5M
Q4 22
$901.3M
Q3 22
$771.3M
Q2 22
$842.4M
Total Assets
DX
DX
TWNP
TWNP
Q4 25
$17.3B
Q3 25
$14.2B
$516.8M
Q2 25
$11.3B
$535.1M
Q1 25
$9.0B
$544.2M
Q1 24
$6.3B
Q4 22
$3.6B
Q3 22
$4.0B
Q2 22
$3.2B

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
TWNP
TWNP
Operating Cash FlowLast quarter
$120.8M
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
TWNP
TWNP
Q4 25
$120.8M
Q3 25
$68.3M
$-5.9M
Q2 25
$31.9M
$-8.8M
Q1 25
$6.4M
$-5.7M
Q1 24
$-17.1M
Q4 22
$30.1M
Q3 22
$25.5M
Q2 22
$36.2M
Free Cash Flow
DX
DX
TWNP
TWNP
Q4 25
Q3 25
$-7.4M
Q2 25
$-10.6M
Q1 25
$-9.7M
Q1 24
Q4 22
Q3 22
Q2 22
FCF Margin
DX
DX
TWNP
TWNP
Q4 25
Q3 25
-9.0%
Q2 25
-12.1%
Q1 25
-11.2%
Q1 24
Q4 22
Q3 22
Q2 22
Capex Intensity
DX
DX
TWNP
TWNP
Q4 25
Q3 25
1.9%
Q2 25
2.1%
Q1 25
4.6%
Q1 24
Q4 22
Q3 22
Q2 22
Cash Conversion
DX
DX
TWNP
TWNP
Q4 25
Q3 25
0.45×
Q2 25
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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