CRBG vs. NLY: Corebridge Financial vs. Annaly Capital Management Stock Comparison

Company Profile

Corebridge Financial (CRBG) and Annaly Capital Management (NLY) both fall under the Financial Services industry group, but CRBG is classified in Financial Services while NLY is classified in Mortgage Real Estate Investment Trusts (REITs).

Annaly Capital Management (NLY) has more than two decades of public-market history since October 8, 1997, whereas Corebridge Financial (CRBG) listed on September 16, 2022 and has a much shorter record to draw on.

Corebridge Financial (CRBG) is an ordinary operating company, while Annaly Capital Management (NLY) is a REIT — read its payout ratio and P/E alongside FFO (funds from operations) rather than comparing them directly to CRBG’s multiples.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both Corebridge Financial (CRBG) at 20.08% and Annaly Capital Management (NLY) at 7.35% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Annaly Capital Management (NLY) at 80.27% converts revenue to bottom-line profit above its industry’s benchmark range, while Corebridge Financial (CRBG) at 10.76% keeps roughly the typical share for its industry.

Annaly Capital Management (NLY) at 107.33% operates in the top operating margin quartile, ahead of Corebridge Financial (CRBG) at 39.53%, which runs around its industry’s norm.

Profitability Metrics

Growth

Annaly Capital Management (NLY) at 87.29% delivers above-range revenue growth, while Corebridge Financial (CRBG) at -5.07% falls into the bottom quartile — a wide split in revenue momentum.

Annaly Capital Management (NLY) at 80.25% sits in the top EPS growth quartile, while Corebridge Financial (CRBG) at -118.28% is in the bottom quartile, showing a clear gap in earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Corebridge Financial (CRBG) in Financial Services and Annaly Capital Management (NLY) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Corebridge Financial (CRBG) in Financial Services and Annaly Capital Management (NLY) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Corebridge Financial (CRBG) at 2.89% pays an industry-typical yield; Annaly Capital Management (NLY) at 15.38% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

Annaly Capital Management (NLY) reports payout ratio above 100% at 201.39%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Corebridge Financial (CRBG) reports 22.20%, ranking against industry peers normally.

Dividend Metrics

Valuation

Corebridge Financial (CRBG) at 7.64 sits in the cheaper P/E ratio quartile, while Annaly Capital Management (NLY) at 13.02 is closer to its industry’s usual earnings multiple — a discount for CRBG, though growth and earnings durability still matter.

Corebridge Financial (CRBG) at 0.73 sits in the cheaper P/S ratio quartile while Annaly Capital Management (NLY) at 10.62 prices above its industry range — a wide gap in sales valuation between them.

On P/B ratio, both Corebridge Financial (CRBG) at 2.41 and Annaly Capital Management (NLY) at 1.05 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics