Annaly Capital Management, Inc. (NLY) — Cash Flow Reinvestment Rate
Annaly Capital Management, Inc. (NLY) has a Cash Flow Reinvestment Rate of 1.19x as of June 2026, reinvesting $1.93 Billion (capex $210.91 Million plus investments $-1.72 Billion) from operating cash flow of $1.62 Billion. See cash generation quality of Annaly Capital Management, Inc. to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see NLY cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Annaly Capital Management, Inc. (1997–2025)
Year-by-year capital reinvestment analysis for Annaly Capital Management, Inc.. See NLY free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| 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 | — |