Dynex CapitalDX +0.70%67 Net Margin % is 135.96% as of Mar. 2026, which is 74% above its 10-year median of 77.97. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.66 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 928 REITs companies, Dynex Capital ranks better than 71.87% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Dynex Capital's Net Income for the
three
months ended in Mar. 2026 was $-80.4 Mil. Dynex Capital's Revenue for the
three
months ended in Mar. 2026 was $-59.1 Mil. Therefore, Dynex Capital's net margin for the quarter that ended in Mar. 2026 was 135.96%.
The historical rank and industry rank for Dynex Capital's Net Margin % or its related term are showing as below:
DX'
s Net Margin % Range Over the Past 10 Years
Min: -22.92 Med: 77.97 Max: 111.68
Current: 79.54
DX's Net Margin % is ranked better than 71.87% of 928
companies
in the REITs industry
Industry Median: 45.23
vs DX: 79.54
Dynex Capital (NYSE:DX) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Dynex Capital Net Margin % Related Terms
Dynex Capital Net Margin % Historical Data
* Premium members only.
The historical data trend for Dynex Capital's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Mortgage subindustry, Dynex Capital's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dynex Capital Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Dynex Capital's Net Margin % distribution charts can be found below:
* The bar in red indicates where Dynex Capital's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dynex Capital (DX) has a Net Margin % of 135.96% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Dynex Capital and its competitors. This is 74% above median its historical median of 77.97. According to the industry distribution chart, Dynex Capital ranks #261 out of 928 companies in the REITs industry, placing it in the top 28.1%.
Is Dynex Capital's Net Margin % too high?
Dynex Capital's current Net Margin % of 135.96% is 74% above median its 10-year median of 77.97. The REITs industry median Net Margin % is 45.23. Dynex Capital's value of 135.96% is 200.6% above this industry median. Based on the distribution chart, Dynex Capital ranks #261 out of 928 companies in the REITs industry, which is above the industry midpoint. Overall, Dynex Capital has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dynex Capital's Net Margin % compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #261 out of 928 companies for Net Margin %. This puts Dynex Capital in the upper half of its industry. The industry median Net Margin % is 45.23. Dynex Capital's value of 135.96% is 200.6% above this benchmark. While the company's 10-year median is 77.97 vs. the industry median of 45.23, Dynex Capital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dynex Capital's current Net Margin % of 135.96% is 200.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Dynex Capital and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynex Capital's current Net Margin % is 135.96%, which is 74% above median its own 10-year median of 77.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dynex Capital stock overvalued right now?
Based on GuruFocus' analysis, Dynex Capital (DX) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.66, compared to a current price of $13.01 — trading 33.8% below its estimated fair value. The current Net Margin % is 135.96%, which is 74% above median its 10-year median of 77.97 and 200.6% above the REITs industry median of 45.23. Dynex Capital's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Dynex Capital (DX), the current Net Margin % is 135.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dynex Capital (DX) Overvalued in 2026?
Based on GuruFocus' analysis, Dynex Capital stock appears to be undervalued.
The current stock price of $13.01 is trading 33.8% below its estimated GF Value™ of $19.66.
GuruFocus considers Dynex Capital to be Significantly Undervalued.
Key valuation signals for DX:
Net Margin %: 135.96% (74% above median its 10-year median of 77.97)
GF Value™: $19.66 vs. price of $13.01 (33.8% below fair value)
Industry Position: 200.6% above the REITs median (#261 of 928)
No single metric tells the full story. See the DX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dynex Capital Inc is a real estate investment trust (REIT) focused on delivering dividends supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. The Company is internally managed and mainly invests in residential and commercial mortgage-backed securities (RMBS and CMBS), which are Agency securities guaranteed by U.S. government-sponsored enterprises (GSEs). It manages interest rate, prepayment, spread, liquidity, and counterparty risks and operates through one reportable segment investing in MBS funded with repurchase agreements and equity.
67GF Score
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