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. Check cash flow quality index of Annaly Capital Management, Inc. to evaluate the quality of earnings relative to operating cash generation.
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. Explore Annaly Capital Management, Inc. long-term investment allocation to see how much of total assets are deployed in long-term investments.
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 Annaly Capital Management, Inc. stock valuation.
| 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 | — |