Annaly Capital Management (NLY) FCF Payout Ratio (2009 - 2026)
Annaly Capital Management's (NLY) quarterly FCF Payout Ratio came in at 0.09 in Q2 2026, up 22.25% on a YoY basis from 0.07 in Q2 2025, and down 47.08% quarter-over-quarter from 0.06 in Q1 2026.
Analysis
Annaly Capital Management (NLY) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Annaly Capital Management (NLY) has reported FCF Payout Ratio for 13 consecutive years, with 0.09 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Payout Ratio rose 22.25% year-over-year to 0.09; the trailing twelve-month figure through Jun 2026 stood at 0.09 (up 27.14% YoY), and the FY2025 full-year result was 0.1, up 30.32% from the prior year.
- FCF Payout Ratio declined to 0.09 in Q2 2026 per NLY's latest filing, from 0.06 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 2.84 in Q2 2023 and bottomed at 2.11 in Q1 2022.
- Historically, FCF Payout Ratio has averaged 0.04 across 5 years, with a median of 0.11 in 2025.
- The sharpest annual moves came in 2022 and 2023: FCF Payout Ratio plunged 360.31% in 2022, then jumped 994.99% in 2023.
- Over 5 years, FCF Payout Ratio stood at 0.57 in 2022, then soared by 62.71% to 0.21 in 2023, then slumped by 66.66% to 0.36 in 2024, then surged by 72.53% to 0.1 in 2025, then gained by 6.45% to 0.09 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.09, 0.06, and 0.1 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 2.10 |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 2.18 |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 1.35 |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 0.19 |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 1.22 |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 0.46 |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | Orchid Island Capital | 1.32 Bn | 637.53 Mn | 61.82 Mn | 0.78 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.09 |
| Mar 31, 2026 | -0.06 |
| Dec 31, 2025 | -0.10 |
| Sep 30, 2025 | -0.10 |
| Jun 30, 2025 | -0.12 |
| Mar 31, 2025 | -0.10 |
| Dec 31, 2024 | -0.36 |
| Sep 30, 2024 | -0.07 |
| Jun 30, 2024 | -0.15 |
| Mar 31, 2024 | -0.25 |
| Dec 31, 2023 | -0.21 |
| Sep 30, 2023 | 0.97 |
| Jun 30, 2023 | 2.84 |
| Mar 31, 2023 | -0.23 |
| Dec 31, 2022 | -0.57 |
| Sep 30, 2022 | 0.30 |
| Jun 30, 2022 | -0.32 |
| Mar 31, 2022 | -2.11 |
| Dec 31, 2021 | -0.16 |
| Sep 30, 2021 | -0.26 |