NYSE · NLY
Annaly Capital Management, Inc.
Real Estate · REIT - Mortgage
$18.49▲ 0.74% ($0.13)today
As of 10:06 AM ET
Market cap
$13.93B
P/E
12.46
EPS (TTM)
$1.48
Next earnings
Valuation
P/E Valuation
Verdict: expensive. Price above all scenarios.
Estimated value / share · Base
$9.23
−50%Price vs. estimate range
Assumption scenarios, not confidence intervals
Bear $15.49, Base $9.23, Bull $7.21; price used $18.49
Bear $15.49, Base $9.23, Bull $7.21; price used $18.49
- P/E multiple
- 6.2×
- Earnings basis
- Trailing EPS
USD · Trailing earnings · Price Oct 26, 2:06 PM UTC
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 12.83% over the last year. Revenue grew 13.68% over the trailing twelve months. Operating margin moved from 89.95% to 86.16%. Free cash flow declined 101.14% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/E, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 86.16%. Free cash flow fell 101.14% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Return analysis
Company profile
Annaly Capital Management, Inc. (NLY) operates as a multifaceted financial firm, specializing in managing capital across various sectors.
Market multiples
Stock splits
Every 4 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
16
Buy
10
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Jan 27, 2027
Q4 FY26 · EPS est $0.78 · Revenue est $718.9M
Same quarter, year over year
FY26 YTD +7.8%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $2.35 vs $2.18 · all 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $2.92
- +8.1%
- FY24
- $2.70
- —
Q3 FY26
Reported Oct 20, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.80
Estimate
$0.77
Year over year
+9.6%
Vs prior quarter
+1.3%
Institutional Sentiment
Annaly Capital Management, Inc. · NLY
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.