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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Zevia PBC (ZVIA). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $37.9M, roughly 1.1× Zevia PBC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -4.0%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs -1.2%).

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.

Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.

DX vs ZVIA — Head-to-Head

Bigger by revenue
DX
DX
1.1× larger
DX
$43.5M
$37.9M
ZVIA
Growing faster (revenue YoY)
DX
DX
+535.3% gap
DX
531.3%
-4.0%
ZVIA
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-1.2%
ZVIA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
ZVIA
ZVIA
Revenue
$43.5M
$37.9M
Net Profit
$-1.3M
Gross Margin
47.7%
Operating Margin
-4.0%
Net Margin
-3.4%
Revenue YoY
531.3%
-4.0%
Net Profit YoY
80.9%
EPS (diluted)
$1.59
$-0.02

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
ZVIA
ZVIA
Q4 25
$43.5M
$37.9M
Q3 25
$30.6M
$40.8M
Q2 25
$23.1M
$44.5M
Q1 25
$17.1M
$38.0M
Q4 24
$39.5M
Q3 24
$36.4M
Q2 24
$40.4M
Q1 24
$-3.2M
$38.8M
Net Profit
DX
DX
ZVIA
ZVIA
Q4 25
$-1.3M
Q3 25
$150.4M
$-2.7M
Q2 25
$-13.6M
$-651.0K
Q1 25
$-3.1M
$-6.4M
Q4 24
$-6.8M
Q3 24
$-2.5M
Q2 24
$-7.0M
Q1 24
$40.1M
$-7.2M
Gross Margin
DX
DX
ZVIA
ZVIA
Q4 25
47.7%
Q3 25
45.6%
Q2 25
48.7%
Q1 25
50.1%
Q4 24
49.2%
Q3 24
49.1%
Q2 24
41.9%
Q1 24
45.7%
Operating Margin
DX
DX
ZVIA
ZVIA
Q4 25
-4.0%
Q3 25
-7.0%
Q2 25
-2.3%
Q1 25
-16.8%
Q4 24
-16.1%
Q3 24
-8.2%
Q2 24
-17.5%
Q1 24
-18.8%
Net Margin
DX
DX
ZVIA
ZVIA
Q4 25
-3.4%
Q3 25
491.3%
-6.6%
Q2 25
-58.8%
-1.5%
Q1 25
-18.0%
-16.8%
Q4 24
-17.2%
Q3 24
-6.9%
Q2 24
-17.2%
Q1 24
-1256.8%
-18.6%
EPS (diluted)
DX
DX
ZVIA
ZVIA
Q4 25
$1.59
$-0.02
Q3 25
$1.08
$-0.04
Q2 25
$-0.14
$-0.01
Q1 25
$-0.06
$-0.08
Q4 24
$-0.10
Q3 24
$-0.04
Q2 24
$-0.10
Q1 24
$0.64
$-0.10

Balance Sheet & Financial Strength

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

Metric
DX
DX
ZVIA
ZVIA
Cash + ST InvestmentsLiquidity on hand
$531.0M
$25.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$51.0M
Total Assets
$17.3B
$63.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
ZVIA
ZVIA
Q4 25
$531.0M
$25.4M
Q3 25
$491.0M
$26.0M
Q2 25
$387.5M
Q1 25
$327.4M
Q4 24
$30.7M
Q3 24
Q2 24
Q1 24
$295.7M
Stockholders' Equity
DX
DX
ZVIA
ZVIA
Q4 25
$2.5B
$51.0M
Q3 25
$2.0B
$51.3M
Q2 25
$1.6B
$53.0M
Q1 25
$1.4B
$53.7M
Q4 24
$64.9M
Q3 24
$72.5M
Q2 24
$75.0M
Q1 24
$958.5M
$80.3M
Total Assets
DX
DX
ZVIA
ZVIA
Q4 25
$17.3B
$63.6M
Q3 25
$14.2B
$60.0M
Q2 25
$11.3B
$62.5M
Q1 25
$9.0B
$62.0M
Q4 24
$68.0M
Q3 24
$72.9M
Q2 24
$72.8M
Q1 24
$6.3B
$85.1M

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
ZVIA
ZVIA
Operating Cash FlowLast quarter
$120.8M
$-507.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
ZVIA
ZVIA
Q4 25
$120.8M
$-507.0K
Q3 25
$68.3M
$116.0K
Q2 25
$31.9M
$-1.4M
Q1 25
$6.4M
$-2.9M
Q4 24
$-2.0M
Q3 24
$3.9M
Q2 24
$282.0K
Q1 24
$-17.1M
$-3.2M
Cash Conversion
DX
DX
ZVIA
ZVIA
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

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