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Annaly Capital Management

NLY

Annaly Capital Management is a leading diversified capital manager that invests in residential mortgage finance and related real estate assets.

Market cap
$16.75B+26.8%
Revenue$6.8B+27.5%
Net income$3.0B+304%
EPS (diluted)$4.07+288%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$1.8B+27.7%
Net income$822.7M+1,341%
EPS (diluted)$1.06+3,433%

Balance sheet

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Cash & equivalents$2.9B+41.4%
Total debt$124.94B+428,395%
Total equity$16.9B+26.5%
Total assets$143.74B+28.2%

Valuation & ratios

Valuation

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Market cap$16.75B+26.8%
P/E5.7×-12.4×
P/S2.5×0.0×

Profitability

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Net margin43.7%+29.9pp

Returns & leverage

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Return on equity19.5%+13.5pp
Debt / equity7.4×+7.4×

Competitors

Profile

Annaly Capital Management is a leading diversified capital manager that invests in residential mortgage finance and related real estate assets. The company operates as an internally-managed REIT, utilizing a shared capital model to rotate investments across various mortgage-backed strategies to optimize risk-adjusted returns. Its core value proposition centers on generating net income for distribution through the spread between asset yields and borrowing costs.

Competitive position

Annaly is one of the largest and most diversified mortgage REITs, distinguished by its scale, internal management structure, and multi-asset class investment platform.

GeographiesUnited States
Customer segmentsFinancial institutions, Institutional investors, Mortgage originators
Business modelSpread-based lending, Investment management, Securitization
SuppliersShort-term credit markets, Repurchase agreement counterparties, Mortgage originators, Government agencies (Fannie Mae, Freddie Mac, Ginnie Mae)
CustomersCommon and preferred stockholders, Institutional buyers of securitized debt
Listed1997
Employees187.0
CEODavid L. Finkelstein
Websiteannaly.com
FilingsSEC EDGAR

Questions, answered.

What is Annaly Capital Management's market cap?
Annaly Capital Management (NLY) has a market capitalization of $16.7B and trades on NYSE.
What is Annaly Capital Management's revenue and profitability?
Annaly Capital Management generated $6.8B in trailing twelve-month revenue with net income of $3.0B, representing a net margin of 43.7%. These figures are based on the Q2 2026 filing.
Who are Annaly Capital Management's competitors?
Annaly Capital Management's key competitors include AGNC Investment Corp., Rithm Capital Corp., Adamas Trust, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Annaly Capital Management partner with?
Annaly Capital Management's notable partners include GIC Private Limited, Fifth Wall Ventures, Fannie Mae, and others.
What subsidiaries does Annaly Capital Management have?
Annaly Capital Management's subsidiaries include Onslow Bay Financial LLC, Arcola Securities, Inc..
Where is Annaly Capital Management headquartered?
Annaly Capital Management is headquartered in United States of America and employs approximately 187 people. It has been publicly traded since 1997.