Annaly Capital Management, Inc. NLY NYSE

Annaly Capital Management, Inc. (NLY) generated $692.91M in operating cash flow for fiscal year 2025. After capital expenditures of $915.07M, free cash flow was $-222.16M.

Free cash flow margin was -3.3% of revenue. Cash conversion ratio was 0.34x, suggesting some earnings are non-cash.

The company returned $1.88B in dividends and $14.18M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (76/100, Pass) — $-222.16M (-3.3% FCF margin) supports a durable competitive advantage
• INCOME (100/100) — Cash conversion ratio was 0.34x suggests some earnings are non-cash items

Overall SharesGrow Score: 70/100 with 4/7 criteria passed.