Annaly Capital Management, Inc. (NLY) — Free Cash Flow Generation Index
Annaly Capital Management, Inc. (NLY) has a Free Cash Flow Generation Index of 0.73x as of December 2025. Free cash flow of $471.53 Million represents 1% of operating cash flow ($644.34 Million). See NLY working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
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. Explore Annaly Capital Management, Inc. (NLY) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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.. For the full company profile including market capitalisation, see NLY company net worth.
| 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 | — |