Annaly Capital Management, Inc. (NLY) — Cash Flow Reinvestment Rate
Annaly Capital Management, Inc. (NLY) has a Cash Flow Reinvestment Rate of 9.81x as of December 2025, reinvesting $6.32 Billion (capex $172.81 Million plus investments $-6.15 Billion) from operating cash flow of $644.34 Million. Explore NLY capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Annaly Capital Management, Inc. Cash Flow Reinvestment Rate (1997–2025)
Historical reinvestment intensity for Annaly Capital Management, Inc. across 26 annual periods. Also explore Annaly Capital Management, Inc. assets under control for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Annaly Capital Management, Inc. (1997–2025)
Year-by-year capital reinvestment analysis for Annaly Capital Management, Inc.. For live market cap and broader valuation context, see market cap of Annaly Capital Management, Inc..
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 23.30x | $16.15 Billion | $692.91 Million | $915.07 Million | ▲ +386.8% |
| 2024 | 4.79x | $15.85 Billion | $3.31 Billion | $863.12 Million | ▼ -27.1% |
| 2023 | 6.57x | $15.55 Billion | $2.37 Billion | $396.81 Million | ▲ +142.8% |
| 2022 | 2.71x | $14.54 Billion | $5.37 Billion | $1.01 Billion | ▲ +76.5% |
| 2021 | 1.53x | $4.72 Billion | $3.08 Billion | $538.14 Million | ▼ -98.9% |
| 2020 | 137.89x | $72.80 Billion | $527.97 Million | $32.68 Billion | ▲ +41708.3% |
| 2018 | 0.33x | $864.77 Million | $2.62 Billion | $381.00K | ▼ -84.6% |
| 2017 | 2.14x | $14.86 Billion | $6.93 Billion | $11.49 Million | ▲ +13.2% |
| 2016 | 1.89x | $12.99 Billion | $6.86 Billion | $174.17 Million | ▼ -28.9% |
| 2014 | 2.66x | $16.33 Billion | $6.13 Billion | $164.72 Million | ▼ -83.5% |
| 2012 | 16.11x | $123.08 Billion | $7.64 Billion | $67.47 Billion | ▲ +1096627.5% |
| 2011 | 0.00x | $3.56 Million | $2.42 Billion | $3.56 Million | ▼ -100.0% |
| 2010 | 3.88x | $42.16 Billion | $10.86 Billion | $0.00 | — |
| 2009 | 0.00x | $0.00 | $10.82 Billion | $0.00 | — |
| 2008 | 0.00x | $0.00 | $1.11 Billion | $0.00 | — |
| 2007 | 0.00x | $0.00 | $525.38 Million | $0.00 | — |
| 2006 | 0.00x | $0.00 | $221.63 Million | $0.00 | — |
| 2005 | 0.00x | $0.00 | $281.53 Million | $0.00 | — |
| 2004 | 0.00x | $0.00 | $416.92 Million | $0.00 | — |
| 2003 | 0.00x | $0.00 | $354.92 Million | $0.00 | — |
| 2002 | 0.00x | $0.00 | $302.11 Million | $0.00 | — |
| 2001 | 0.00x | $0.00 | $99.77 Million | $0.00 | — |
| 2000 | 0.00x | $0.00 | $14.25 Million | $0.00 | — |
| 1999 | 0.00x | $0.00 | $25.38 Million | $0.00 | — |
| 1998 | 0.00x | $0.00 | $18.80 Million | $0.00 | — |
| 1997 | 0.00x | $0.00 | $6.50 Million | $0.00 | — |