Annaly Capital Management, Inc. (NLY) — Free Cash Flow Generation Index
Annaly Capital Management, Inc. (NLY) has a Free Cash Flow Generation Index of 0.87x as of June 2026. Free cash flow of $1.41 Billion represents 1% of operating cash flow ($1.62 Billion). Explore Annaly Capital Management, Inc. capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Annaly Capital Management, Inc. Free Cash Flow Generation Index (1997–2025)
Historical FCF Generation Index trend for Annaly Capital Management, Inc. across 26 annual periods. For the full cash flow conversion analysis, see Annaly Capital Management, Inc. (NLY) cash conversion ratio.
Annual Free Cash Flow Generation for Annaly Capital Management, Inc. (1997–2025)
Year-by-year Free Cash Flow Generation Index for Annaly Capital Management, Inc.. Check cash flow reinvestment rate of Annaly Capital Management, Inc. to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.32x | $-222.16 Million | $692.91 Million | $915.07 Million | ▼ -143.4% |
| 2024 | 0.74x | $2.45 Billion | $3.31 Billion | $863.12 Million | ▼ -11.2% |
| 2023 | 0.83x | $1.97 Billion | $2.37 Billion | $396.81 Million | ▲ +2.6% |
| 2022 | 0.81x | $4.36 Billion | $5.37 Billion | $1.01 Billion | ▼ -1.7% |
| 2021 | 0.83x | $2.54 Billion | $3.08 Billion | $538.14 Million | ▲ +101.4% |
| 2020 | -60.89x | $-32.15 Billion | $527.97 Million | $32.68 Billion | ▼ -6190.1% |
| 2018 | 1.00x | $2.62 Billion | $2.62 Billion | $381.00K | ▲ +0.2% |
| 2017 | 1.00x | $6.92 Billion | $6.93 Billion | $11.49 Million | ▲ +2.4% |
| 2016 | 0.97x | $6.68 Billion | $6.86 Billion | $174.17 Million | ▼ -2.5% |
| 2014 | 1.00x | $6.13 Billion | $6.13 Billion | $164.72 Million | ▼ -89.8% |
| 2012 | 9.83x | $75.11 Billion | $7.64 Billion | $67.47 Billion | ▲ +884.6% |
| 2011 | 1.00x | $2.42 Billion | $2.42 Billion | $3.56 Million | ▼ -0.1% |
| 2010 | 1.00x | $10.86 Billion | $10.86 Billion | $0.00 | ▲ +0.0% |
| 2009 | 1.00x | $10.82 Billion | $10.82 Billion | $0.00 | ▲ +0.0% |
| 2008 | 1.00x | $1.11 Billion | $1.11 Billion | $0.00 | ▲ +0.0% |
| 2007 | 1.00x | $525.38 Million | $525.38 Million | $0.00 | ▲ +0.0% |
| 2006 | 1.00x | $221.63 Million | $221.63 Million | $0.00 | ▲ +0.0% |
| 2005 | 1.00x | $281.53 Million | $281.53 Million | $0.00 | ▲ +0.0% |
| 2004 | 1.00x | $416.92 Million | $416.92 Million | $0.00 | ▲ +0.0% |
| 2003 | 1.00x | $354.92 Million | $354.92 Million | $0.00 | ▲ +0.0% |
| 2002 | 1.00x | $302.11 Million | $302.11 Million | $0.00 | ▲ +0.0% |
| 2001 | 1.00x | $99.77 Million | $99.77 Million | $0.00 | ▲ +0.0% |
| 2000 | 1.00x | $14.25 Million | $14.25 Million | $0.00 | ▲ +0.0% |
| 1999 | 1.00x | $25.38 Million | $25.38 Million | $0.00 | ▲ +0.0% |
| 1998 | 1.00x | $18.80 Million | $18.80 Million | $0.00 | ▲ +0.0% |
| 1997 | 1.00x | $6.50 Million | $6.50 Million | $0.00 | — |