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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.

VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $43.5M, roughly 2.0× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 6.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 6.3%).

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.

VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.

DX vs VNCE — Head-to-Head

Bigger by revenue
VNCE
VNCE
2.0× larger
VNCE
$85.1M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+525.1% gap
DX
531.3%
6.2%
VNCE
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
6.3%
VNCE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DX
DX
VNCE
VNCE
Revenue
$43.5M
$85.1M
Net Profit
$2.7M
Gross Margin
49.2%
Operating Margin
6.4%
Net Margin
3.2%
Revenue YoY
531.3%
6.2%
Net Profit YoY
-37.3%
EPS (diluted)
$1.59
$0.21

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
VNCE
VNCE
Q4 25
$43.5M
$85.1M
Q3 25
$30.6M
$73.2M
Q2 25
$23.1M
$57.9M
Q1 25
$17.1M
$80.0M
Q4 24
$80.2M
Q3 24
$74.2M
Q2 24
$59.2M
Q1 24
$-3.2M
$75.3M
Net Profit
DX
DX
VNCE
VNCE
Q4 25
$2.7M
Q3 25
$150.4M
$12.1M
Q2 25
$-13.6M
$-4.8M
Q1 25
$-3.1M
$-28.3M
Q4 24
$4.3M
Q3 24
$569.0K
Q2 24
$4.4M
Q1 24
$40.1M
$-4.7M
Gross Margin
DX
DX
VNCE
VNCE
Q4 25
49.2%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.1%
Q4 24
50.0%
Q3 24
47.4%
Q2 24
50.6%
Q1 24
45.4%
Operating Margin
DX
DX
VNCE
VNCE
Q4 25
6.4%
Q3 25
15.2%
Q2 25
-7.7%
Q1 25
-37.1%
Q4 24
7.2%
Q3 24
1.5%
Q2 24
9.5%
Q1 24
-2.2%
Net Margin
DX
DX
VNCE
VNCE
Q4 25
3.2%
Q3 25
491.3%
16.5%
Q2 25
-58.8%
-8.3%
Q1 25
-18.0%
-35.5%
Q4 24
5.4%
Q3 24
0.8%
Q2 24
7.4%
Q1 24
-1256.8%
-6.2%
EPS (diluted)
DX
DX
VNCE
VNCE
Q4 25
$1.59
$0.21
Q3 25
$1.08
$0.93
Q2 25
$-0.14
$-0.37
Q1 25
$-0.06
$-2.25
Q4 24
$0.34
Q3 24
$0.05
Q2 24
$0.35
Q1 24
$0.64
$-0.37

Balance Sheet & Financial Strength

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

Metric
DX
DX
VNCE
VNCE
Cash + ST InvestmentsLiquidity on hand
$531.0M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$53.4M
Total Assets
$17.3B
$246.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
VNCE
VNCE
Q4 25
$531.0M
$1.1M
Q3 25
$491.0M
$777.0K
Q2 25
$387.5M
$2.6M
Q1 25
$327.4M
$607.0K
Q4 24
$892.0K
Q3 24
$711.0K
Q2 24
$739.0K
Q1 24
$295.7M
$357.0K
Stockholders' Equity
DX
DX
VNCE
VNCE
Q4 25
$2.5B
$53.4M
Q3 25
$2.0B
$49.3M
Q2 25
$1.6B
$37.2M
Q1 25
$1.4B
$41.8M
Q4 24
$57.1M
Q3 24
$52.4M
Q2 24
$51.7M
Q1 24
$958.5M
$47.2M
Total Assets
DX
DX
VNCE
VNCE
Q4 25
$17.3B
$246.0M
Q3 25
$14.2B
$239.0M
Q2 25
$11.3B
$218.0M
Q1 25
$9.0B
$222.7M
Q4 24
$254.7M
Q3 24
$253.6M
Q2 24
$223.1M
Q1 24
$6.3B
$225.1M

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
VNCE
VNCE
Operating Cash FlowLast quarter
$120.8M
$-5.1M
Free Cash FlowOCF − Capex
$-5.7M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
-1.86×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
VNCE
VNCE
Q4 25
$120.8M
$-5.1M
Q3 25
$68.3M
$4.2M
Q2 25
$31.9M
$-11.8M
Q1 25
$6.4M
$22.7M
Q4 24
$6.4M
Q3 24
$-3.2M
Q2 24
$-3.9M
Q1 24
$-17.1M
$14.8M
Free Cash Flow
DX
DX
VNCE
VNCE
Q4 25
$-5.7M
Q3 25
$2.1M
Q2 25
$-13.2M
Q1 25
$21.2M
Q4 24
$5.1M
Q3 24
$-3.9M
Q2 24
$-4.6M
Q1 24
$14.2M
FCF Margin
DX
DX
VNCE
VNCE
Q4 25
-6.7%
Q3 25
2.9%
Q2 25
-22.9%
Q1 25
26.5%
Q4 24
6.4%
Q3 24
-5.2%
Q2 24
-7.8%
Q1 24
18.9%
Capex Intensity
DX
DX
VNCE
VNCE
Q4 25
0.7%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
1.3%
Q1 24
0.7%
Cash Conversion
DX
DX
VNCE
VNCE
Q4 25
-1.86×
Q3 25
0.45×
0.35×
Q2 25
Q1 25
Q4 24
1.48×
Q3 24
-5.61×
Q2 24
-0.89×
Q1 24
-0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

VNCE
VNCE

Vince Wholesale$52.0M61%
Vince Direct To Consumer$33.1M39%

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