Stock Analysis
Annaly Capital Management. Inc.NLY
P/E 4.66×· 5Y range 1.71–98.87×· 40th percentile of history
Sector: Real Estate · Industry: Real Estate Investment Trusts
AnalystsStrong Buy17 analystsP/E 4.7× sits at the 40th percentile of its 5.0513347022587265-year history.
Cash covers 0% of debt · Q1 2022.
PMP Verdict
Weak fundamentals
Strengths
- Profitability90
Risks
- Growth0
- Financial Health6
Weak fundamentals — valuation is the only support.
Bull Case
- ✓ROE 18.3% — efficient capital deployment
What's happening with NLY
Profile
Strong profitability; growth, moat, financial health, earnings quality and valuation lag behind.
How is each axis scored?
- Valuation46/100 · Weak
- P/E vs own history (40th pct)12/25
- FCF yield (4.6%)12/25
- P/S (8.7x)12/25
- EV/EBIT (n/a)10/25
- Growth0/100 · Weak
- Revenue CAGR (-10.0%)0/25
- Net income CAGR (-4.0%)0/25
- EPS CAGR 5Y (-17.1%)0/25
- Fwd implied growth (-32.5%)0/25
- Profitability90/100 · Strong
- ROIC (16.7%)20/25
- ROE (18.3%)20/25
- Net margin (186.4%)25/25
- Operating margin (187.9%)25/25
- Financial Health6/100 · Weak
- Altman Z (-0.02)3/25
- Current ratio (0.04)0/25
- Interest coverage (0.4x)3/25
- Net cash / debt (n/a)0/25
- Quality10/100 · Weak
- Piotroski F (4/9)10/25
- Beneish M (0.86)0/25
- FCF conversion (n/a)0/25
- Margin stability (σ 1501.6%)0/25
- Moat0/100 · Weak
- ROIC >12% years (2/9 yrs)0/25
- Median gross margin (n/a)0/25
- FCF-positive years (n/a)0/25
- Worst-year net margin (worst -215.8%)0/25
Risk Flags
- ⚠Altman Z -0.0 — distress-zone balance sheet
- ⚠Beneish M 0.86 — earnings-manipulation flag
- ⚠3 loss-making years in recent history
- ⚠Interest coverage 0.4× — thin debt cushion
- ⚠Revenue shrinking 10.0%/yr
About Annaly Capital Management. Inc.
Annaly Capital Management Inc is an American mortgage real estate investment trust. Show more
Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The company's reportable operating segments are: the Agency segment, which invests in Agency mortgage-backed securities collateralized by residential mortgages; the Residential Credit segment, which invests in non-Agency residential whole loans and securitized products within the residential and commercial markets; the Mortgage Servicing Rights segment; and Corporate & Other. Maximum revenue for the company is generated from its Agency segment.
Headquarters: NEW YORK, NY · Employees: 212 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
46D+P/E (TTM)4.7xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 1.7x–98.9x · 40th pct
P/FCF7.1xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.6%C
Grade C: LowLatest stored TTM FCF / Market Cap — vs own 5Y history: -5.3%–97.3% · 11th pct
P/S (TTM)8.69xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 2.5x–1649.8x · 39th pct
EV/EBITDA45.3xD
Grade D: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral — vs own 5Y history: 14.9x–475.3x · 22nd pct
EV/Sales16.1xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E6.9xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio0.86xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.02A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield14.97%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio71.1%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
90A+ROIC16.7%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE18.3%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA2.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin186.4%A
Grade A: HighNet Income / Revenue
Operating Margin187.9%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin37.8%C
Grade C: AverageGross Profit / Revenue
FCF Margin—
FCF / Revenue
True FCF Margin—
TTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
0ERevenue CAGR-10.0%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-4.0%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-17.1%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-32.5%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+114.5%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
6EAltman Z-Score-0.02D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.04xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.04xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage0.4xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity7.38xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
10EPiotroski F-Score4/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score0.86D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability1501.6%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue—
TTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.06xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Finkelstein David L Filed | Finkelstein David L | SellOpen market sale | -50000 | |
Wede Scott Filed | Wede Scott | Grant / award | +8.6K | |
Laroche Manon Filed | Laroche Manon | Grant / award | +8.6K | |
Laguerre Martin Filed | Laguerre Martin | Grant / award | +8.6K | |
Reeves Eric A. Filed | Reeves Eric A. | Grant / award | +8.6K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Hamilton Thomas Edward Filed | Hamilton Thomas Edward | Grant / award | +8.6K | |
Hannan Kathy Hopinkah Filed | Hannan Kathy Hopinkah | Grant / award | +8.6K | |
Williams Vicki Filed | Williams Vicki | Grant / award | +8.6K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
0EROIC >12% Years2/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years—
Share of completed fiscal years with positive free cash flow
Net Margin Floor-215.8%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$3.92
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$3.88
Cash & short-term investments per share (Finnhub)
Book Value / Share$22.55
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$2.04B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$16.09B
Shareholders' equity (book value)
Asset / Liability1.14xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$13.76B
Current Market Capitalization
Beta1.33C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Annaly Capital Management. Inc. (NLY)
NLY is down 1.09% at the last close. Piotroski F-Score of 4/9 indicates mixed fundamentals for Annaly Capital Management. Inc.. Altman Z-Score of -0.02 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of 0.86 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny.
- Revenue has been contracting (CAGR ≈ -10%), which weighs on the growth outlook.
- Interest coverage of 0.4× leaves little room for earnings shocks.
- Annaly Capital Management. Inc. posted a net loss in 3 of 10 available completed fiscal years (2016–2025).
- The stock currently yields 15.0% in dividends.
See how NLY ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all NLY moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 30 | Pre-market | 19.70 | -3.06% | -2.48 |
| Sep 30 | Regular | 19.06 | -6.20% | -5.68 |
| Sep 30 | After-hours | 19.00 | -6.50% | -6.00 |
Frequently Asked Questions about NLY
What is the current Annaly Capital Management. Inc. (NLY) stock price?
NLY is trading at $18.23 at the last market close, down 1.09% on the session. PreMarketPrice tracks NLY pre-market, intraday and after-hours prices.
Is NLY stock a buy right now?
PreMarketPrice's quantitative model rates Annaly Capital Management. Inc.'s financial health at 6/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is NLY stock overvalued?
Annaly Capital Management. Inc. trades at a trailing P/E of 4.7 and our valuation score rates it 46/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Annaly Capital Management. Inc. report earnings?
No confirmed earnings date is currently scheduled for NLY. The Earnings section lists recent reports and updates as dates are announced.
What sector does Annaly Capital Management. Inc. operate in?
Annaly Capital Management. Inc. operates in the Real Estate sector, within the Real Estate Investment Trusts industry. The Related Stocks section lists sector peers for comparison.
What does Annaly Capital Management. Inc. do?
Annaly Capital Management Inc is an American mortgage real estate investment trust.
About Annaly Capital Management. Inc. (NLY) Stock
Annaly Capital Management. Inc. (NLY) is a US-listed stock operating in the Real Estate sector, specifically the Real Estate Investment Trusts industry. As of the latest update, Annaly Capital Management. Inc. is trading at $18.23, down 1.09% on the day with a market capitalization of $13.8 billion. The financial health score for NLY is 6/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for NLY stock.
NLY Stock Analysis & Key Metrics
On PreMarketPrice, you can track Annaly Capital Management. Inc. (NLY) across multiple dimensions:
- Pre-market price & movement: Real-time NLY stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for NLY with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Annaly Capital Management. Inc. across multiple reporting periods.
- Financial health score: A composite score of 6/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for NLY.
- Sector peers: Compare NLY against 5 other real estate stocks on key financial metrics.
Is NLY a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Annaly Capital Management. Inc. (NLY) as an investment. The financial health score of 6/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Annaly Capital Management. Inc. (NLY) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.