vs
Side-by-side financial comparison of Alexander & Baldwin, Inc. (ALEX) and Armour Residential REIT, Inc. (ARR). Click either name above to swap in a different company.
Alexander & Baldwin, Inc. is the larger business by last-quarter revenue ($51.0M vs $50.4M, roughly 1.0× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 7.4%, a 412.8% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -18.4%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -8.7%).
Alexander & Baldwin, Inc. is an American company that was once part of the Big Five companies in territorial Hawaii. The company currently operates businesses in real estate, land operations, and materials and construction. It was also the last "Big Five" company to cultivate sugarcane. As of 2020, it remains one of the State of Hawaii's largest private landowners, owning over 28,000 acres (11,000 ha) and operating 36 income properties in the state.
Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.
ALEX vs ARR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.0M | $50.4M |
| Net Profit | $3.8M | $211.7M |
| Gross Margin | — | — |
| Operating Margin | 17.1% | — |
| Net Margin | 7.4% | 420.2% |
| Revenue YoY | -18.4% | 297.9% |
| Net Profit YoY | -69.7% | 555.9% |
| EPS (diluted) | $0.05 | $2.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $51.0M | $50.4M | ||
| Q3 25 | $50.2M | $38.5M | ||
| Q2 25 | $51.7M | $33.1M | ||
| Q1 25 | $53.7M | $36.3M | ||
| Q4 24 | $62.4M | $12.7M | ||
| Q3 24 | $61.9M | — | ||
| Q2 24 | $51.0M | $7.0M | ||
| Q1 24 | $61.2M | — |
| Q4 25 | $3.8M | $211.7M | ||
| Q3 25 | $14.3M | $159.3M | ||
| Q2 25 | $25.1M | $-75.6M | ||
| Q1 25 | $21.4M | $27.3M | ||
| Q4 24 | $12.4M | $-46.4M | ||
| Q3 24 | $19.0M | — | ||
| Q2 24 | $9.1M | $-48.4M | ||
| Q1 24 | $20.0M | — |
| Q4 25 | 17.1% | — | ||
| Q3 25 | 38.2% | — | ||
| Q2 25 | 54.4% | — | ||
| Q1 25 | 44.6% | — | ||
| Q4 24 | 28.3% | — | ||
| Q3 24 | 35.6% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 38.9% | — |
| Q4 25 | 7.4% | 420.2% | ||
| Q3 25 | 28.5% | 413.5% | ||
| Q2 25 | 48.6% | -228.4% | ||
| Q1 25 | 39.9% | 75.2% | ||
| Q4 24 | 19.9% | -366.8% | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 17.8% | -693.8% | ||
| Q1 24 | 32.6% | — |
| Q4 25 | $0.05 | $2.43 | ||
| Q3 25 | $0.20 | $1.49 | ||
| Q2 25 | $0.35 | $-0.94 | ||
| Q1 25 | $0.29 | $0.32 | ||
| Q4 24 | $0.16 | $-0.91 | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $0.13 | $-1.05 | ||
| Q1 24 | $0.28 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.3M | $63.3M |
| Total DebtLower is stronger | $491.6M | — |
| Stockholders' EquityBook value | $987.2M | $2.3B |
| Total Assets | $1.7B | $21.0B |
| Debt / EquityLower = less leverage | 0.50× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $63.3M | ||
| Q3 25 | $17.3M | $44.2M | ||
| Q2 25 | $8.6M | $141.2M | ||
| Q1 25 | $16.9M | $49.1M | ||
| Q4 24 | $33.4M | $68.0M | ||
| Q3 24 | $17.9M | — | ||
| Q2 24 | $29.5M | $126.6M | ||
| Q1 24 | $15.7M | — |
| Q4 25 | $491.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $474.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $987.2M | $2.3B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $998.2M | — | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.7B | $21.0B | ||
| Q3 25 | $1.7B | $19.4B | ||
| Q2 25 | $1.6B | $16.2B | ||
| Q1 25 | $1.6B | $15.5B | ||
| Q4 24 | $1.7B | $13.5B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.6B | $10.1B | ||
| Q1 24 | $1.6B | — |
| Q4 25 | 0.50× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $79.5M | $124.2M |
| Free Cash FlowOCF − Capex | $27.3M | — |
| FCF MarginFCF / Revenue | 53.5% | — |
| Capex IntensityCapex / Revenue | 102.4% | — |
| Cash ConversionOCF / Net Profit | 21.06× | 0.59× |
| TTM Free Cash FlowTrailing 4 quarters | $57.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.5M | $124.2M | ||
| Q3 25 | $24.5M | $-37.8M | ||
| Q2 25 | $16.5M | $25.0M | ||
| Q1 25 | $26.0M | $101.5M | ||
| Q4 24 | $98.0M | $261.5M | ||
| Q3 24 | $35.3M | — | ||
| Q2 24 | $22.3M | $27.1M | ||
| Q1 24 | $16.1M | — |
| Q4 25 | $27.3M | — | ||
| Q3 25 | $-3.7M | — | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $21.8M | — | ||
| Q4 24 | $77.0M | — | ||
| Q3 24 | $31.4M | — | ||
| Q2 24 | $18.0M | — | ||
| Q1 24 | $12.3M | — |
| Q4 25 | 53.5% | — | ||
| Q3 25 | -7.4% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 40.6% | — | ||
| Q4 24 | 123.4% | — | ||
| Q3 24 | 50.8% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 20.1% | — |
| Q4 25 | 102.4% | — | ||
| Q3 25 | 56.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 33.5% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | 6.1% | — |
| Q4 25 | 21.06× | 0.59× | ||
| Q3 25 | 1.71× | -0.24× | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 1.21× | 3.71× | ||
| Q4 24 | 7.88× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 2.45× | — | ||
| Q1 24 | 0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
