Annaly Capital Management, Inc. (NLY) — Capital Reinvestment Ratio
Annaly Capital Management, Inc. (NLY) has a Capital Reinvestment Ratio of 0.13x as of June 2026, meaning it reinvests 0% of its operating cash flow ($1.62 Billion) in capital expenditures ($210.91 Million). Check NLY goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Annaly Capital Management, Inc. Capital Reinvestment Ratio (2011–2025)
This chart tracks Annaly Capital Management, Inc.'s Capital Reinvestment Ratio across 12 annual periods. For the full cash flow conversion analysis, see NLY cash flow conversion.
Annual Capital Reinvestment Ratio for Annaly Capital Management, Inc. (2011–2025)
Year-by-year Capital Reinvestment Ratio for Annaly Capital Management, Inc. from 2011 to 2025. See free cash flow generation of Annaly Capital Management, Inc. to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.32x | $692.91 Million | $915.07 Million | ▲ +406.6% |
| 2024 | 0.26x | $3.31 Billion | $863.12 Million | ▲ +55.5% |
| 2023 | 0.17x | $2.37 Billion | $396.81 Million | ▼ -11.2% |
| 2022 | 0.19x | $5.37 Billion | $1.01 Billion | ▲ +7.9% |
| 2021 | 0.17x | $3.08 Billion | $538.14 Million | ▼ -99.7% |
| 2020 | 61.89x | $527.97 Million | $32.68 Billion | ▲ +42593483.4% |
| 2018 | 0.00x | $2.62 Billion | $381.00K | ▼ -91.2% |
| 2017 | 0.00x | $6.93 Billion | $11.49 Million | ▼ -93.5% |
| 2016 | 0.03x | $6.86 Billion | $174.17 Million | ▼ -5.5% |
| 2014 | 0.03x | $6.13 Billion | $164.72 Million | ▼ -99.7% |
| 2012 | 8.83x | $7.64 Billion | $67.47 Billion | ▲ +601105.4% |
| 2011 | 0.00x | $2.42 Billion | $3.56 Million | — |