AGNC Investment vs Annaly Capital Management
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KIRAβs take AI analyst
I put AGNC Investment and Annaly Capital Management side by side, using each oneβs latest annual report. Here is what stands out:
- Annaly Capital Management is the larger business, with $6.0B of revenue in fiscal 2025 against $3.5B for AGNC Investment, about 1.7 times as much.
- Annaly Capital Management grew revenue faster (23.1%, against 19.5%).
- Investors pay more for each dollar of AGNC Investmentβs earnings: a P/E of 4.5x against 4.5x for Annaly Capital Management.
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
AGNC Investment
AGNC
2/5
Net marginReturn on equity
Annaly Capital Management
NLY
3/5
Revenue growth5-year growthShare count change
Side by side
Best in the row
| Latest fiscal year | AGNC FY25 | NLY FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.2B | $13.5B |
| Revenue | $3.5B | $6.0B |
| Free cash flow | β | β |
| Net income | $1.7B | $2.0B |
| Growth | ||
| Revenue growth | 19.5% | 23.1% |
| 5-year growth | 18.3% | 21.7% |
| Share count change | 30.2% | 22.6% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 47.4% | 34.0% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 15.1% | 14.1% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $1.6B | $495M |
| Valuation & quality | ||
| P/E | 4.5x | 4.5x |
| Piotroski F-score | β | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.