Annaly Capital Management (NLY) Free Cash Flow (2009 - 2026)
Annaly Capital Management (NLY) posted Free Cash Flow of -$8.6 billion for Q1 2026, down 61.05% on a QoQ basis from -$5.3 billion in Q4 2025, and down 113.35% year-over-year from $64.4 billion in Q1 2025.
Annaly Capital Management (NLY) Free Cash Flow (2009 - 2026) Analysis & Trends
Annaly Capital Management's Free Cash Flow history runs 13 years deep, the most recent figure standing at -$8.6 billion for Q1 2026.
- Quarterly Free Cash Flow fell 113.35% year-over-year to -$8.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$22.5 billion (down 79.86% YoY) and the FY2025 annual result came in at -$18.0 billion, down 80.84% from the prior year.
- Free Cash Flow was -$8.6 billion for Q1 2026 at Annaly Capital Management, down from -$5.3 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.3 billion in Q3 2022 and bottomed at -$8.6 billion in Q1 2026.
- A 5-year average of -$2.4 billion and a median of -$1.7 billion in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow soared 196.84% — and 2024, when it slumped 1980.62%.
- Annaly Capital Management's Free Cash Flow stood at -$770.4 million in 2022, then plunged by 117.85% to -$1.7 billion in 2023, then soared by 32.86% to -$1.1 billion in 2024, then tumbled by 374.01% to -$5.3 billion in 2025, then slumped by 61.05% to -$8.6 billion in 2026.
- Business Quant data shows NLY's Free Cash Flow at -$8.6 billion in Q1 2026, -$5.3 billion in Q4 2025, and -$4.7 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | -8.60 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 387.00 Mn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 93.56 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | -16.07 Mn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 169.73 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | -9.79 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | 69.85 Mn |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 210.18 Mn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 56.58 Mn |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | -8.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.60 Bn |
| Mar 31, 2026 | -8.60 Bn |
| Dec 31, 2025 | -5.34 Bn |
| Dec 31, 2025 | -5.34 Bn |
| Sep 30, 2025 | -4.69 Bn |
| Sep 30, 2025 | -4.69 Bn |
| Jun 30, 2025 | -3.90 Bn |
| Jun 30, 2025 | -3.90 Bn |
| Mar 31, 2025 | -4.03 Bn |
| Mar 31, 2025 | -4.03 Bn |
| Dec 31, 2024 | -1.13 Bn |
| Dec 31, 2024 | -1.13 Bn |
| Sep 30, 2024 | -5.00 Bn |
| Sep 30, 2024 | -5.00 Bn |
| Jun 30, 2024 | -2.37 Bn |
| Jun 30, 2024 | -2.37 Bn |
| Mar 31, 2024 | -1.44 Bn |
| Mar 31, 2024 | -1.44 Bn |
| Dec 31, 2023 | -1.68 Bn |
| Dec 31, 2023 | -1.68 Bn |