Annaly Capital Management, Inc. (NLY) — Capital Reinvestment Ratio
Latest as of December 2025:
0.27x
Annaly Capital Management, Inc. (NLY) has a Capital Reinvestment Ratio of 0.27x as of December 2025, meaning it reinvests 0% of its operating cash flow ($644.34 Million) in capital expenditures ($172.81 Million). See Annaly Capital Management, Inc. (NLY) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.27x
Capex / Operating Cash Flow
Operating Cash Flow
$644.34 Million
USD
Capital Expenditures
$172.81 Million
USD
Data as of
Dec 2025
Most recent filing
Annaly Capital Management, Inc. Capital Reinvestment Ratio (2011–2025)
This chart tracks Annaly Capital Management, Inc.'s Capital Reinvestment Ratio across 12 annual periods.
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. For live market cap and broader valuation context, see NLY market cap overview.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow