Annaly Capital Management (NLY) Free Cash Flow (2009 - 2026)
Annaly Capital Management's (NLY) quarterly Free Cash Flow came in at -$6.0 billion in Q2 2026, down 54.78% YoY from -$13.3 billion in Q2 2025, and up 29.89% on a QoQ basis from -$8.6 billion in Q1 2026.
Annaly Capital Management (NLY) Free Cash Flow (2009 - 2026) Analysis & Trends
Annaly Capital Management (NLY) has 13 years of Free Cash Flow data on file, last reported at -$6.0 billion in Q2 2026.
- Quarterly Free Cash Flow fell 54.78% year-over-year to -$6.0 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$24.7 billion (down 75.47% YoY) and the FY2025 annual result came in at -$18.0 billion, down 80.84% from the prior year.
- Free Cash Flow grew to -$6.0 billion in Q2 2026, from -$8.6 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $1.3 billion in Q3 2022 to a low of -$8.6 billion in Q1 2026.
- A 5-year average of -$2.6 billion and a median of -$1.8 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 tumbled 1980.62%.
- Tracing NLY's Free Cash Flow over 5 years: stood at -$770.4 million in 2022, then slumped by 117.85% to -$1.7 billion in 2023, then jumped by 32.86% to -$1.1 billion in 2024, then sank by 374.01% to -$5.3 billion in 2025, then retreated by 12.91% to -$6.0 billion in 2026.
- The last three Free Cash Flow figures came in at -$6.0 billion (Q2 2026), -$8.6 billion (Q1 2026), and -$5.3 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | -6.03 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 218.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 170.66 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 64.17 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 84.15 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 65.21 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 210.18 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | -19.14 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 81.61 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 192.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -6.03 Bn |
| Jun 30, 2026 | -6.03 Bn |
| 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 |