Annaly Capital Management, Inc.
Annaly Capital Management, Inc., a diversified capital manager, engages in the residential mortgage finance business. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-… Read more
Annaly Capital Management, Inc. (NLY-PJ) - Net Assets
Latest net assets as of December 2025: $16.16 Billion USD
Based on the latest financial reports, Annaly Capital Management, Inc. (NLY-PJ) has net assets worth $16.16 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($135.61 Billion) and total liabilities ($119.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.16 Billion |
| % of Total Assets | 11.92% |
| Annual Growth Rate | 5.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.16 |
Annaly Capital Management, Inc. - Net Assets Trend (2021–2025)
This chart illustrates how Annaly Capital Management, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Annaly Capital Management, Inc. (2021–2025)
The table below shows the annual net assets of Annaly Capital Management, Inc. from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $16.16 Billion | +27.27% |
| 2024-12-31 | $12.70 Billion | +11.92% |
| 2023-12-31 | $11.35 Billion | -0.21% |
| 2022-12-31 | $11.37 Billion | -13.84% |
| 2021-12-31 | $13.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Annaly Capital Management, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 350374300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $29.25 Billion | 181.77% |
| Total Equity | $16.09 Billion | 100.00% |
Annaly Capital Management, Inc. Competitors by Market Cap
The table below lists competitors of Annaly Capital Management, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CNVEF
PINK:CNVEF
|
$18.53 Billion |
|
Dupont De Nemours Inc
NYSE:DD
|
$18.56 Billion |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$18.56 Billion |
|
Nomura Holdings Inc
PINK:NRSCF
|
$18.59 Billion |
|
Carpenter Technology Corporation
NYSE:CRS
|
$18.51 Billion |
|
Skandinaviska Enskilda Banken AB A
PINK:SVKEF
|
$18.51 Billion |
|
CoStar Group Inc
NASDAQ:CSGP
|
$18.51 Billion |
|
MasTec Inc
NYSE:MTZ
|
$18.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Annaly Capital Management, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,609,241,000 to 16,090,772,000, a change of 3,481,531,000 (27.6%).
- Net income of 2,027,262,000 contributed positively to equity growth.
- Dividend payments of 1,882,237,000 reduced retained earnings.
- New share issuances of 2,910,571,000 increased equity.
- Other factors increased equity by 425,935,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.03 Billion | +12.6% |
| Dividends Paid | $1.88 Billion | -11.7% |
| Share Issuances | $2.91 Billion | +18.09% |
| Other Changes | $425.94 Million | +2.65% |
| Total Change | $- | 27.61% |
Book Value vs Market Value Analysis
This analysis compares Annaly Capital Management, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.72x to 1.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $36.09 | $25.83 | x |
| 2022-12-31 | $24.07 | $25.83 | x |
| 2023-12-31 | $22.51 | $25.83 | x |
| 2024-12-31 | $21.80 | $25.83 | x |
| 2025-12-31 | $22.76 | $25.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Annaly Capital Management, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 90.32%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 8.43x
- Recent ROE (12.60%) is above the historical average (7.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.15% | 87.85% | 0.04x | 5.83x | $1.07 Billion |
| 2022 | 15.31% | 88.28% | 0.02x | 7.26x | $598.28 Million |
| 2023 | -14.60% | 0.00% | -0.02x | 8.28x | $-2.77 Billion |
| 2024 | 7.95% | 83.60% | 0.01x | 8.21x | $-259.02 Million |
| 2025 | 12.60% | 90.32% | 0.02x | 8.43x | $418.18 Million |
Industry Comparison
This section compares Annaly Capital Management, Inc.'s net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,096,262,362
- Average return on equity (ROE) among peers: 8.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Annaly Capital Management, Inc. (NLY-PJ) | $16.16 Billion | 18.15% | 7.39x | $18.52 Billion |
| Arbor Realty Trust (ABR) | $361.58 Million | 13.94% | 5.10x | $1.46 Billion |
| Acres Commercial Realty Corp (ACR) | $228.83 Million | 2.77% | 6.85x | $126.82 Million |
| Ares Commercial Real Estate (ACRE) | $456.49 Million | 7.51% | 2.02x | $265.18 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $40.49 Million |
| AGNC Investment Corp (AGNCL) | $546.82 Million | 21.69% | 7.46x | $27.70 Billion |
| AGNC Investment Corp. 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock (AGNCZ) | $6.21 Billion | 12.40% | 8.33x | $245.43K |
| Great Ajax Corp (AJX) | $282.72 Million | 9.85% | 2.39x | $347.80K |
| Angel Oak Mortgage Inc (AOMR) | $44.05 Million | -14.07% | 8.78x | $127.29 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $2.63 Billion | 8.75% | 1.62x | $1.36 Billion |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |