Annaly Capital Management (NLY) Invested Capital (2014 - 2026)
Annaly Capital Management's Invested Capital was $51.34 billion in Q2 2026, up 36.6% from $37.58 billion a year earlier and up 9.1% from the prior quarter.
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Analysis
Annaly Capital Management (NLY) Invested Capital (2014 - 2026) Analysis & Trends
For FY2025, Invested Capital at Annaly Capital Management came in at $45.08 billion, up 39.8% from FY2024.
- Invested Capital has now increased for four consecutive years, with a five-year compound annual growth rate of 18.0% (FY2020 to FY2025).
- In earlier years, Invested Capital was $32.24 billion in FY2024 (+40.5%), $22.95 billion in FY2023 (+20.0%), $19.11 billion in FY2022 (+4.2%) and $18.35 billion in FY2021 (-6.7%).
- The Q2 2026 figure marks the highest quarterly Invested Capital in data going back to Q4 2014.
- Compared with a year earlier, Invested Capital has increased for 18 straight quarters, with growth averaging 39.2% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q3 2024 (growth of 51.2%); the worst was Q3 2021 (a decline of 12.7%).
- Per Business Quant data, NLY's Invested Capital in the three quarters before Q2 2026 was $47.05 billion (Q1 2026), $45.08 billion (Q4 2025) and $41.6 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 40.19 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 69.63 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 18.75 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 8.82 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 24.41 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 8.03 Bn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 51.34 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.39 Bn | -6.35 Bn | - | 95.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.34 Bn |
| Mar 31, 2026 | 47.05 Bn |
| Dec 31, 2025 | 45.08 Bn |
| Sep 30, 2025 | 41.60 Bn |
| Jun 30, 2025 | 37.58 Bn |
| Mar 31, 2025 | 34.89 Bn |
| Dec 31, 2024 | 32.24 Bn |
| Sep 30, 2024 | 31.25 Bn |
| Jun 30, 2024 | 27.09 Bn |
| Mar 31, 2024 | 25.19 Bn |
| Dec 31, 2023 | 22.95 Bn |
| Sep 30, 2023 | 20.66 Bn |
| Jun 30, 2023 | 21.68 Bn |
| Mar 31, 2023 | 20.71 Bn |
| Dec 31, 2022 | 19.11 Bn |
| Sep 30, 2022 | 18.80 Bn |
| Jun 30, 2022 | 18.59 Bn |
| Mar 31, 2022 | 18.19 Bn |
| Dec 31, 2021 | 18.35 Bn |
| Sep 30, 2021 | 17.65 Bn |
API Access
Annaly Capital Management Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=NLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "NLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=NLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();