ANNALY CAPITAL MANAGEMENT INC (NLY) Free cash flow
- Free cash flow · 12 months (USD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $886.45M | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 0.30× | Operating cash flow / net income. Period ending 2026-06-30. $886.45M ÷ $2.98B ≈ 0.30× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 886.45M USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | (m) | |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Revenue | (m) | |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 2.98B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | (m) | $886.45M | (m) | (m) | (m) | (m) | $2.98B | (m) | (m) | (m) | 0.30× |
| 2026-03-31 | (m) | (m) | $-552.27M | (m) | (m) | (m) | (m) | $2.19B | (m) | (m) | (m) | -0.25× |
| 2025-12-31 | (m) | (m) | $692.91M | (m) | (m) | (m) | (m) | $2.03B | (m) | (m) | (m) | 0.34× |
| 2025-09-30 | (m) | (m) | $2.86B | (m) | (m) | (m) | (m) | $1.50B | (m) | (m) | (m) | 1.91× |
| 2025-06-30 | (m) | (m) | $1.16B | (m) | (m) | (m) | (m) | $729.82M | (m) | (m) | (m) | 1.59× |
| 2025-03-31 | (m) | (m) | $1.46B | (m) | (m) | (m) | (m) | $663.24M | (m) | (m) | (m) | 2.20× |
| 2024-12-31 | (m) | (m) | $3.31B | (m) | (m) | (m) | (m) | $1.00B | (m) | (m) | (m) | 3.30× |
| 2024-09-30 | (m) | (m) | $880.71M | (m) | (m) | (m) | (m) | $116.11M | (m) | (m) | (m) | 7.59× |
| 2024-06-30 | (m) | (m) | $4.42B | (m) | (m) | (m) | (m) | $-512.54M | (m) | (m) | (m) | -8.63× |
| 2024-03-31 | (m) | (m) | $5.08B | (m) | (m) | (m) | (m) | $-336.02M | (m) | (m) | (m) | -15.13× |
| 2023-12-31 | (m) | (m) | $2.37B | (m) | (m) | (m) | (m) | $-1.64B | (m) | (m) | (m) | -1.44× |
| 2023-09-30 | (m) | (m) | $2.19B | (m) | (m) | (m) | (m) | $-2.13B | (m) | (m) | (m) | -1.03× |
| 2023-06-30 | (m) | (m) | $2.77B | (m) | (m) | (m) | (m) | $-1.84B | (m) | (m) | (m) | -1.51× |
| 2023-03-31 | (m) | (m) | $2.32B | (m) | (m) | (m) | (m) | $-1.14B | (m) | (m) | (m) | -2.04× |
| 2022-12-31 | (m) | (m) | $5.37B | (m) | (m) | (m) | (m) | $1.73B | (m) | (m) | (m) | 3.11× |
| 2022-09-30 | (m) | (m) | $6.03B | (m) | (m) | (m) | (m) | $3.03B | (m) | (m) | (m) | 1.99× |
| 2022-06-30 | (m) | (m) | $4.22B | (m) | (m) | (m) | (m) | $3.82B | (m) | (m) | (m) | 1.10× |
| 2022-03-31 | (m) | (m) | $4.04B | (m) | (m) | (m) | (m) | $2.66B | (m) | (m) | (m) | 1.52× |
| 2021-12-31 | (m) | (m) | $3.08B | (m) | (m) | (m) | (m) | $2.39B | (m) | (m) | (m) | 1.29× |
| 2021-09-30 | (m) | (m) | $3.08B | (m) | (m) | (m) | (m) | $2.85B | (m) | (m) | (m) | 1.08× |
| 2021-06-30 | (m) | (m) | $3.44B | (m) | (m) | (m) | (m) | $3.35B | (m) | (m) | (m) | 1.03× |
| 2021-03-31 | (m) | (m) | $3.62B | (m) | (m) | (m) | (m) | $4.50B | (m) | (m) | (m) | 0.80× |
| 2020-12-31 | (m) | (m) | $527.97M | (m) | (m) | (m) | (m) | $-891.16M | (m) | (m) | (m) | -0.59× |
| 2020-09-30 | (m) | (m) | $856.01M | (m) | (m) | (m) | (m) | $-558.71M | (m) | (m) | (m) | -1.53× |
| 2020-06-30 | (m) | (m) | $-853.76M | (m) | (m) | (m) | (m) | $-2.32B | (m) | (m) | (m) | 0.37× |
| 2020-03-31 | (m) | (m) | $-2.28B | (m) | (m) | (m) | (m) | $-4.95B | (m) | (m) | (m) | 0.46× |
| 2019-12-31 | (m) | (m) | $-1.20B | (m) | (m) | (m) | (m) | $-2.16B | (m) | (m) | (m) | 0.55× |
| 2019-09-30 | (m) | (m) | $-2.80B | (m) | (m) | (m) | (m) | $-5.63B | (m) | (m) | (m) | 0.50× |
| 2019-06-30 | (m) | (m) | $-1.35B | (m) | (m) | (m) | (m) | $-4.49B | (m) | (m) | (m) | 0.30× |
| 2019-03-31 | (m) | (m) | $347.00M | (m) | (m) | (m) | (m) | $-2.12B | (m) | (m) | (m) | -0.16× |
| 2018-12-31 | (m) | (m) | $2.62B | (m) | (m) | (m) | (m) | $54.41M | (m) | (m) | (m) | 48.19× |
| 2018-09-30 | (m) | (m) | $9.23B | (m) | (m) | (m) | (m) | $3.06B | (m) | (m) | (m) | 3.02× |
| 2018-06-30 | (m) | (m) | $9.11B | (m) | (m) | (m) | (m) | $3.04B | (m) | (m) | (m) | 3.00× |
| 2018-03-31 | (m) | (m) | $8.49B | (m) | (m) | (m) | (m) | $2.46B | (m) | (m) | (m) | 3.45× |
| 2017-12-31 | (m) | (m) | $6.93B | (m) | (m) | (m) | (m) | $1.57B | (m) | (m) | (m) | 4.42× |
| 2017-09-30 | (m) | (m) | $6.75B | (m) | (m) | (m) | (m) | $2.67B | (m) | (m) | (m) | 2.53× |
| 2017-06-30 | (m) | (m) | $5.10B | (m) | (m) | (m) | (m) | $3.03B | (m) | (m) | (m) | 1.68× |
| 2017-03-31 | (m) | (m) | $6.77B | (m) | (m) | (m) | (m) | $2.74B | (m) | (m) | (m) | 2.47× |
| 2016-12-31 | (m) | (m) | $6.86B | (m) | (m) | (m) | (m) | $1.43B | (m) | (m) | (m) | 4.78× |
| 2015-12-31 | (m) | (m) | $-3.64B | (m) | (m) | (m) | (m) | $466.56M | (m) | (m) | (m) | -7.81× |
| 2011-09-30 | (m) | (m) | $8.19B | (m) | (m) | (m) | (m) | $1.12B | (m) | (m) | (m) | 7.33× |
| 2011-06-30 | (m) | (m) | $7.05B | (m) | (m) | (m) | (m) | $2.03B | (m) | (m) | (m) | 3.48× |
| 2011-03-31 | (m) | (m) | $14.00B | (m) | (m) | (m) | (m) | $1.69B | (m) | (m) | (m) | 8.30× |
| 2010-12-31 | (m) | (m) | $10.86B | (m) | (m) | (m) | (m) | $1.27B | (m) | (m) | (m) | 8.57× |
| 2010-09-30 | (m) | (m) | $8.96B | (m) | (m) | (m) | (m) | $778.11M | (m) | (m) | (m) | 11.52× |
| 2010-06-30 | (m) | (m) | $12.94B | (m) | (m) | (m) | (m) | $1.08B | (m) | (m) | (m) | 12.01× |
| 2010-03-31 | (m) | (m) | $11.48B | (m) | (m) | (m) | (m) | $1.89B | (m) | (m) | (m) | 6.07× |
| 2009-12-31 | (m) | (m) | $10.82B | (m) | (m) | (m) | (m) | $1.96B | (m) | (m) | (m) | 5.52× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | $1.11B | (m) | (m) | (m) | (m) | $346.18M | (m) | (m) | (m) | 3.21× |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | (m) | $525.38M | (m) | (m) | (m) | (m) | $414.38M | (m) | (m) | (m) | 1.27× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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