Dynex CapitalDX +0.70%67 Pretax 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 927 REITs companies, Dynex Capital ranks better than 70.12% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Dynex Capital's Pre-Tax 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 pretax margin for the quarter that ended in Mar. 2026 was 135.96%.
The historical rank and industry rank for Dynex Capital's Pretax Margin % or its related term are showing as below:
DX'
s Pretax Margin % Range Over the Past 10 Years
Min: -22.92 Med: 77.97 Max: 111.68
Current: 79.54
DX's Pretax Margin % is ranked better than 70.12% of 927
companies
in the REITs industry
Industry Median: 46.93
vs DX: 79.54
Dynex Capital (NYSE:DX) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Dynex Capital Pretax Margin % Related Terms
Dynex Capital Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Dynex Capital's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Dynex Capital's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Dynex Capital's Pretax 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 Pretax Margin % of 135.96% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax 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 #277 out of 927 companies in the REITs industry, placing it in the top 29.9%.
Is Dynex Capital's Pretax Margin % too high?
Dynex Capital's current Pretax Margin % of 135.96% is 74% above median its 10-year median of 77.97. The REITs industry median Pretax Margin % is 46.93. Dynex Capital's value of 135.96% is 189.7% above this industry median. Based on the distribution chart, Dynex Capital ranks #277 out of 927 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 Pretax Margin % compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #277 out of 927 companies for Pretax Margin %. This puts Dynex Capital in the upper half of its industry. The industry median Pretax Margin % is 46.93. Dynex Capital's value of 135.96% is 189.7% above this benchmark. While the company's 10-year median is 77.97 vs. the industry median of 46.93, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dynex Capital's current Pretax Margin % of 135.96% is 189.7% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Dynex Capital and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dynex Capital's current Pretax 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 Pretax Margin % is 135.96%, which is 74% above median its 10-year median of 77.97 and 189.7% above the REITs industry median of 46.93. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Dynex Capital (DX), the current Pretax 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:
Pretax 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: 189.7% above the REITs median (#277 of 927)
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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