NLY - NYSE

Annaly Capital Management, Inc.

NLY·NYSE

$21.17

-0.61%

Real EstateREIT - Mortgage

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$15.51B

EPS2.9200

P/E Ratio7.25

Earnings Date07/22/2026

135.61B

Assets

31%

3Y+66.0%

5Y+53.0%

10Y+54.0%

119.45B

Total Liabilities

31%

3Y+69.0%

5Y+60.0%

10Y+59.0%

16.16B

Total Equity

27%

3Y+42.0%

5Y+15.0%

10Y+28.0%

Annaly Capital Management, Inc. Funding & Solvency Profile

NLY · NYSE

Current Assets

Cash & Cash Equivalents2.04B

Net Receivables927.69M

Inventory0.00

Other Current Assets-1.03M

Total Current Assets3 B

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets6.73M

Long-Term Investments128.49B

Other Non-Current Assets-128.49B

Total Non-Current Assets0

Total Assets

135.61B

Financial Health Analysis

Current Ratio

0.03x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

7.39x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-81836180000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

2% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Annaly Capital Management, Inc. Balance Sheet

NLY • NYSE

Annaly Capital Management, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	2B	285.1M	275.9M	152.6M	119.6M	1.2B	1.9B	1.7B	706.6M	1.5B	1.8B	1.7B	552.4M	615.8M	994.2M	282.6M	1.5B	909.4M	104M	91.8M
Short-Term Investments	0.0	2.1B	4.2B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	2B	2.3B	4.5B	152.6M	119.6M	1.2B	1.9B	1.7B	706.6M	1.5B	1.8B	1.7B	552.4M	615.8M	994.2M	282.6M	1.5B	909.4M	104M	91.8M
Net Receivables	927.7M	3.3B	3.9B	1.2B	237.6M	284M	454.7M	426.1M	324.8M	321.9M	353M	1.3B	1.5B	727.7M	431.8M	516.2M	1.1B	381.1M	552.3M	349.8M
Accounts Receivables	0.0	1.1B	1.2B	637.3M	235M	0.0	449.9M	357.4M	323.5M	270.4M	231.3M	278.5M	273.1M	419.3M	412.3M	345.3M	318.9M	282.5M	272M	146.1M
Other Receivables	927.7M	2.2B	2.7B	575.1M	2.7M	284M	4.8M	68.8M	1.2M	51.5M	121.6M	1B	1.2B	308.5M	19.6M	170.9M	748M	98.5M	280.3M	203.7M
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-200.5M	-313.9M	-89.4B	-4B	-4.7B	-3.1B	-1.4B	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Assets	-1M	-5.6B	-8.4B	-1.4B	1.2B	-1.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	3B	0.0	0.0	0.0	1.6B	0.0	2.3B	426.1M	324.8M	321.9M	353M	1.3B	1.5B	727.7M	431.8M	516.2M	1.1B	381.1M	552.3M	349.8M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	0.0	0.0	0.0	0.0	13.2M	15.8M	-105.8B	580.9M	652.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill	6.7M	0.0	0.0	0.0	0.0	0.0	92.8M	100.9M	71.8M	71.8M	71.8M	94.8M	94.8M	55.4M	42M	42M	27.9M	0.0	0.0	0.0
Intangible Assets	0.0	458.3M	353M	1.1B	638.1M	0.0	378.1M	557.8M	604.1M	686.4M	38.5M	37.8M	0.0	7M	10.8M	9.3M	10.5M	381.1M	552.3M	349.8M
Goodwill & Intangible Assets	6.7M	458.3M	353M	1.1B	638.1M	228.2M	470.9M	658.7M	675.9M	758.2M	110.4M	132.6M	94.8M	62.4M	52.8M	51.3M	38.4M	40.3M	32.8M	34.2M
Long-Term Investments	128.5B	2.1B	4.2B	5.1B	7.6B	0.0	119.2B	95.4B	5.8B	6.8B	5.4B	3.2B	5.9B	4.1B	106.3B	80.9B	65B	55.7B	53.2B	30.2B
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	119.7B	105.8B	-488M	-592M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Assets	-128.5B	-2.5B	-4.6B	-6.2B	67B	-241.4M	-119.7B	-96B	95.2B	80.3B	69.7B	85.1B	75.9B	129.3B	3.2B	2.1B	4.3B	1.9B	660.8M	446.5M
Total Non-Current Assets	6.7M	0.0	0.0	0.0	75.2B	0.0	119.7B	105.8B	101.8B	87.9B	75.2B	88.4B	81.9B	133.5B	109.6B	83B	69.4B	57.6B	53.9B	30.7B
Other Assets	132.6B	103.6B	93.2B	81.9B	0.0	88.5B	8.3B	-426.1M	-324.8M	-321.9M	-353M	-1.3B	-1.5B	-727.7M	-431.8M	-516.2M	-1.1B	-381.1M	-552.3M	-349.8M
Total Assets	135.6B	103.6B	93.2B	81.9B	76.8B	88.5B	130.3B	105.8B	101.8B	87.9B	75.2B	88.4B	81.9B	133.5B	109.6B	83B	69.4B	57.6B	53.9B	30.7B
LIABILITIES
CURRENT LIABILITIES
Total Payables	2.1B	952.5M	3.9B	1.9B	560.2M	0.0	463.4M	583M	1.3B	238.2M	592.8M	777.1M	1.2B	9B	5B	5.1B	4.6B	2.5B	2.1B	480M
Accounts Payable	2.1B	268.3M	287.9M	325.3M	91.2M	0.0	463.4M	583M	253.1M	238.2M	204.9M	227.8M	186M	197.7M	146.2M	124.7M	99.5M	208.4M	257.6M	84M
Other Payables	0.0	684.2M	3.6B	1.6B	469.1M	0.0	0.0	0.0	-253.1M	0.0	-204.9M	549.3M	1B	-197.7M	-146.2M	-124.7M	-99.5M	2.3B	1.9B	396M
Accrued Expenses	0.0	0.0	0.0	0.0	91.2M	0.0	476.3M	570.9M	0.0	0.0	0.0	0.0	0.0	0.0	7.2M	0.0	0.0	0.0	0.0	0.0
Short Term Debt	81.9B	750M	500M	250M	903.3M	64.9B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	0.0	0.0	0.0	-102.3B	-100.2B	-94.5B	-88B	-49.1B	-2.9B	-6.1B	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	875.6M	-1.7B	64.3B	59.5B	53.2B	-64.9B	-939.7M	-1.2B	-1.3B	-238.2M	-592.8M	-312.3M	-789.2M	-9B	-5B	-5.1B	-4.6B	-2.5B	-2.1B	-480M
Total Current Liabilities	84.8B	0.0	68.7B	61.7B	54.8B	0.0	939.7M	1.2B	460.8M	347.3M	204.9M	227.8M	186M	197.7M	139M	124.7M	99.5M	200M	257.6M	84M
NON-CURRENT LIABILITIES
Long Term Debt	30B	20.7B	12.7B	8.5B	6.2B	7B	10.6B	89.1B	84.8B	73.1B	61B	1.3B	62.6B	825.5M	539.9M	600M	562.4M	1.1B	6.4B	1.4B
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	114.5B	91.7B	86.9B	75.3B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	16.6M	-91.7B	-86.9B	-75.3B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	4.7B	301.9M	481.3M	278.4M	1.1B	-7B	-10.6B	-89.1B	-84.8B	-73.1B	-61B	-1.3B	-62.6B	-825.5M	-539.9M	-600M	-562.4M	-1.1B	-6.4B	-1.4B
Total Non-Current Liabilities	34.6B	0.0	13.2B	8.8B	8.8B	0.0	10.6B	91.7B	86.9B	75.3B	63.3B	75B	69.5B	117.5B	93.9B	73.2B	59.8B	50.4B	48.6B	28.1B
Other Liabilities	0.0	90.9B	13.4B	9.1B	0.0	74.4B	103B	-1.2B	-460.8M	-347.3M	-204.9M	-227.8M	-186M	-197.7M	-139M	-124.7M	-99.5M	-200M	-257.6M	-84M
Capital Lease Obligations	32.9M	25.5M	3.4M	7.2M	9.9M	13.3M	16.6M	1.8B	1.7B	1.2B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	119.4B	90.9B	81.9B	70.5B	63.6B	74.4B	114.5B	91.7B	86.9B	75.3B	63.3B	75B	69.5B	117.5B	93.9B	73.2B	59.8B	50.4B	48.6B	28.1B
SHAREHOLDERS' EQUITY
Preferred Stock	1.8B	1.5B	1.5B	1.5B	1.5B	1.5B	2B	1.8B	1.7B	1.2B	913.1M	913.1M	913.1M	913.1M	177.1M	177.1M	177.1M	177.1M	288.6M	288.6M
Common Stock	7.1M	5.8M	5M	4.7M	3.6M	14M	14.3M	13.1M	11.6M	10.2M	9.4M	9.5M	9.5M	9.5M	9.7M	6.3M	5.5M	5.4M	4M	2.1M
Additional Paid-In Capital	27.9B	25.3B	23.7B	23B	20.3B	19.8B	20B	18.8B	17.2B	15.6B	14.7B	14.8B	14.8B	14.7B	15.1B	9.2B	7.8B	7.6B	5.3B	2.6B
Retained Earnings	-13.2B	-13.2B	-12.6B	-9.5B	-9.7B	-10.7B	-8.3B	-4.5B	-3B	-3.1B	-3.3B	-2.6B	-534.3M	-2.8B	-2.5B	-658.4M	-337M	-884.9M	-121.9M	-175M
Accumulated Other Comprehensive Income/Loss	-488.6M	-1B	-1.3B	-3.7B	958.4M	3.4B	2.1B	-2B	-1.1B	-1.1B	-377.6M	204.9M	-2.7B	3.1B	3B	1.2B	1.9B	252.2M	-152.2M	-76.1M
Total Stockholders' Equity	16.1B	12.6B	11.3B	11.3B	13.2B	14B	15.8B	14.1B	14.9B	12.6B	11.9B	13.3B	12.4B	15.9B	15.8B	9.9B	9.6B	7.2B	5.3B	2.7B
Total Equity	16.2B	12.7B	11.3B	11.4B	13.2B	14B	15.8B	14.1B	14.9B	12.6B	11.9B	13.3B	12.4B	15.9B	15.8B	9.9B	9.6B	7.2B	5.3B	2.7B
Minority Interest	69.1M	87.7M	89.3M	99M	25.5M	13.5M	4.3M	5.7M	6.1M	7.8M	9.9M	5.3M	0.0	0.0	0.0	0.0	0.0	0.0	1.6M	5.3M
SUMMARY
Total Liabilities & Equity	135.6B	103.6B	93.2B	81.9B	76.8B	88.5B	130.3B	105.8B	101.8B	87.9B	75.2B	88.4B	81.9B	133.5B	109.6B	83B	69.4B	57.6B	53.9B	30.7B
Total Investments	128.5B	4.1B	8.4B	5.1B	7.6B	0.0	119.2B	95.4B	5.8B	6.8B	5.4B	3.2B	5.9B	4.1B	106.3B	80.9B	65B	55.7B	53.2B	30.2B
Total Debt	111.9B	21.4B	13.2B	8.8B	7.1B	71.9B	10.6B	8B	7.1B	7.9B	4.7B	1.3B	858.7M	825.5M	539.9M	1.6B	29.1M	0.0	0.0	0.0
Net Debt	109.8B	21.2B	12.9B	8.6B	7B	70.6B	8.7B	6.3B	6.4B	6.3B	3B	-475M	306.2M	209.8M	-454.3M	1.3B	-1.5B	-909.4M	-104M	-91.8M
Shares Outstanding	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798	608,483,798

SEC Filings

NLY - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	April 30, 2026	June 10, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 28, 2026	January 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 28, 2026	January 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 28, 2026	January 28, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 29, 2025	December 29, 2025	2025	View Filing

Showing 1 to 10 of 547 filings

Related Guides

Blog Categories

Continue your NLY research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.