NLY vs. PAYP: Annaly Capital Management vs. PayPay Stock Comparison

Company Profile

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

Annaly Capital Management (NLY) has been public since October 8, 1997, giving it decades of market history across multiple cycles, while PayPay (PAYP) listed only on March 12, 2026 and lacks comparable through-cycle data.

PayPay (PAYP) trades as an ADR, while Annaly Capital Management (NLY) is a REIT — PAYP carries FX, depositary-fee, and withholding-tax nuances, and NLY is best read against FFO rather than standard earnings multiples.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Annaly Capital Management (NLY) is heavily traded at around 10.28M shares per day, whereas PayPay (PAYP) sees a more moderate 659.95K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk-Adjusted Performance

Risk-Return Positioning

Both NLY and PAYP need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Both Annaly Capital Management (NLY) at 7.35% and PayPay (PAYP) at 18.80% 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 PayPay (PAYP) at 15.85% keeps roughly the typical share for its industry.

Annaly Capital Management (NLY) at 107.33% operates in the top operating margin quartile, ahead of PayPay (PAYP) at 32.79%, which runs around its industry’s norm.

Profitability Metrics

Growth

Annaly Capital Management (NLY) at 87.29% clears its industry range for revenue growth, far stronger top-line momentum than PayPay (PAYP) at 25.85%, which is closer to a typical peer reading.

Both companies show strong earnings momentum, but PayPay (PAYP) at 230.06% is the standout with EPS growth above its industry range; Annaly Capital Management (NLY) at 80.25% also sits in the top quartile.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Annaly Capital Management (NLY) in Financial Services and PayPay (PAYP) 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: Annaly Capital Management (NLY) in Financial Services and PayPay (PAYP) 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

PayPay (PAYP) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Annaly Capital Management (NLY) reports a yield of 15.38%, ranking against industry peers normally.

Annaly Capital Management (NLY) reports payout ratio above 100% at 201.39%, meaning dividends exceeded current-period earnings; PayPay (PAYP) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

Both Annaly Capital Management (NLY) at 13.02 and PayPay (PAYP) at 23.30 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

PayPay (PAYP) at 0.02 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.

Annaly Capital Management (NLY) at 1.05 is valued about in line with its industry on P/B ratio, while PayPay (PAYP) at 3.75 carries an above-peer premium to book — PAYP is pricier on assets.

Valuation Metrics