COMP <GO>
NLY vs MS // 10Y YIELD & FRED MACRO BETA
Annaly Capital Management Inc. (NYSE) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: NLY 9
— MS 5
▲ 10Y YIELD & FRED MACRO BETA LEADER: NLY
LAST: $18.23 (-1.30%) • MKT CAP: $14.55B
macro-sensitivity
1.15
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
macro-sensitivity
1.04
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NLY VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NLY | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 41.00% | 0.00 | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 4.00% | 3.00% | +1.00 | NLY | /roic <GO> |
| EV/EBITDA & P/E Valuation | 18.2x | 31.0x | -12.80 | NLY | /valuation <GO> |
| Free Cash Flow Yield | 3.50% | -7.25% | +10.75 | NLY | /fcf-yield <GO> |
| Operating Margin | 61.40% | 24.60% | +36.80 | NLY | /operating-margins <GO> |
| Net Profit Margin | 50.40% | 20.20% | +30.20 | NLY | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | 5.50% | -1.10 | MS | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 11.50% | 2.21% | +9.29 | NLY | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.45 | 0.46 | -0.01 | MS | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 5/9 | +2.00 | NLY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.40% | 7.00% | +0.40 | MS | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 38.1 | 43.3 | -5.19 | MS | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.15 | 1.04 | +0.11 | NLY | /macro-sensitivity <GO> |
| Forward P/E Multiple | 6.6x | 16.5x | -9.90 | NLY | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $14.55B | $298.41B | -$283.86B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NLY REV | MS REV | NLY GROSS % | MS GROSS % | NLY FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $0 | $0 | — | — | $692.9M | -$17.89B |
| FY 2024 | $0 | $0 | — | — | $3.31B | $1.36B |
| FY 2023 | $0 | $0 | — | — | $2.37B | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NLY // BETA 1.15
MS // BETA 1.04