NLY FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
NLY's fcf yield is lower than 65% of the last 10 years.
FCF Yield History
NLY FCF Yield by year
Yearly range of NLY’s fcf yield from 2016 to 2026. Over the full period it ranged from -814.2% to 92.2%, averaging -43.6%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | -10.4% | -4.6% | -1.3% | -2.0% |
| 2025 | -1.4% | 11.2% | 23.7% | -1.4% |
| 2024 | 1.7% | 25.3% | 47.4% | 23.4% |
| 2023 | 16.3% | 25.8% | 51.0% | 17.2% |
| 2022 | 22.8% | 38.4% | 78.3% | 56.2% |
| 2021 | -215.0% | -70.7% | 24.5% | 23.6% |
| 2020 | -814.2% | -361.7% | -200.6% | -206.6% |
| 2019 | -437.5% | -222.9% | 18.4% | -390.9% |
| 2018 | 18.3% | 59.8% | 78.9% | 18.3% |
| 2017 | 38.1% | 61.7% | 92.2% | 85.6% |
| 2016 | 7.9% | 12.1% | 34.0% | 8.3% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is NLY FCF Yield High or Low Right Now?
Annaly Capital Management, Inc.'s FCF Yield is currently -2.0%, which is below average relative to its 10-year historical range. The 10-year median FCF Yield for NLY is approximately 18.7%. See all NLY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.