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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and AVADEL PHARMACEUTICALS PLC (AVDL). Click either name above to swap in a different company.

AVADEL PHARMACEUTICALS PLC is the larger business by last-quarter revenue ($77.5M vs $50.4M, roughly 1.5× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 0.0%, a 420.2% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 54.9%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 99.6%).

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.

Avadel Pharmaceuticals, is an Irish specialty pharmaceutical company that focuses on sleep disorder medicines. Avadel markets products in the hospital and primary care spaces. The company is headquartered in Dublin, Ireland with operations in St. Louis, Missouri and Lyon, France.

ARR vs AVDL — Head-to-Head

Bigger by revenue
AVDL
AVDL
1.5× larger
AVDL
$77.5M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+243.0% gap
ARR
297.9%
54.9%
AVDL
Higher net margin
ARR
ARR
420.2% more per $
ARR
420.2%
0.0%
AVDL
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
99.6%
AVDL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARR
ARR
AVDL
AVDL
Revenue
$50.4M
$77.5M
Net Profit
$211.7M
$20.0K
Gross Margin
Operating Margin
2.5%
Net Margin
420.2%
0.0%
Revenue YoY
297.9%
54.9%
Net Profit YoY
555.9%
100.8%
EPS (diluted)
$2.43
$0.00

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.

Revenue
ARR
ARR
AVDL
AVDL
Q4 25
$50.4M
Q3 25
$38.5M
$77.5M
Q2 25
$33.1M
$68.1M
Q1 25
$36.3M
$52.5M
Q4 24
$12.7M
$50.4M
Q3 24
$50.0M
Q2 24
$7.0M
$41.5M
Q1 24
$27.2M
Net Profit
ARR
ARR
AVDL
AVDL
Q4 25
$211.7M
Q3 25
$159.3M
$20.0K
Q2 25
$-75.6M
$9.7M
Q1 25
$27.3M
$-4.9M
Q4 24
$-46.4M
$-5.0M
Q3 24
$-2.6M
Q2 24
$-48.4M
$-13.8M
Q1 24
$-27.3M
Gross Margin
ARR
ARR
AVDL
AVDL
Q4 25
Q3 25
Q2 25
90.7%
Q1 25
89.4%
Q4 24
90.5%
Q3 24
87.7%
Q2 24
93.3%
Q1 24
94.4%
Operating Margin
ARR
ARR
AVDL
AVDL
Q4 25
Q3 25
2.5%
Q2 25
13.0%
Q1 25
-5.7%
Q4 24
-6.5%
Q3 24
-0.7%
Q2 24
-30.7%
Q1 24
-95.8%
Net Margin
ARR
ARR
AVDL
AVDL
Q4 25
420.2%
Q3 25
413.5%
0.0%
Q2 25
-228.4%
14.2%
Q1 25
75.2%
-9.4%
Q4 24
-366.8%
-10.0%
Q3 24
-5.2%
Q2 24
-693.8%
-33.3%
Q1 24
-100.6%
EPS (diluted)
ARR
ARR
AVDL
AVDL
Q4 25
$2.43
Q3 25
$1.49
$0.00
Q2 25
$-0.94
$0.10
Q1 25
$0.32
$-0.05
Q4 24
$-0.91
$-0.04
Q3 24
$-0.03
Q2 24
$-1.05
$-0.14
Q1 24
$-0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARR
ARR
AVDL
AVDL
Cash + ST InvestmentsLiquidity on hand
$63.3M
$91.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$98.2M
Total Assets
$21.0B
$199.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
AVDL
AVDL
Q4 25
$63.3M
Q3 25
$44.2M
$91.6M
Q2 25
$141.2M
$81.5M
Q1 25
$49.1M
$66.5M
Q4 24
$68.0M
$73.8M
Q3 24
$65.8M
Q2 24
$126.6M
$71.4M
Q1 24
$88.8M
Stockholders' Equity
ARR
ARR
AVDL
AVDL
Q4 25
$2.3B
Q3 25
$2.1B
$98.2M
Q2 25
$1.7B
$90.7M
Q1 25
$1.7B
$74.1M
Q4 24
$1.4B
$73.8M
Q3 24
$74.7M
Q2 24
$1.2B
$70.3M
Q1 24
$78.4M
Total Assets
ARR
ARR
AVDL
AVDL
Q4 25
$21.0B
Q3 25
$19.4B
$199.4M
Q2 25
$16.2B
$187.2M
Q1 25
$15.5B
$167.9M
Q4 24
$13.5B
$164.2M
Q3 24
$158.3M
Q2 24
$10.1B
$157.5M
Q1 24
$167.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARR
ARR
AVDL
AVDL
Operating Cash FlowLast quarter
$124.2M
$22.2M
Free Cash FlowOCF − Capex
$22.2M
FCF MarginFCF / Revenue
28.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.59×
1110.25×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
AVDL
AVDL
Q4 25
$124.2M
Q3 25
$-37.8M
$22.2M
Q2 25
$25.0M
$12.7M
Q1 25
$101.5M
$-8.2M
Q4 24
$261.5M
$7.9M
Q3 24
$-6.9M
Q2 24
$27.1M
$-18.2M
Q1 24
$-29.7M
Free Cash Flow
ARR
ARR
AVDL
AVDL
Q4 25
Q3 25
$22.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ARR
ARR
AVDL
AVDL
Q4 25
Q3 25
28.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ARR
ARR
AVDL
AVDL
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ARR
ARR
AVDL
AVDL
Q4 25
0.59×
Q3 25
-0.24×
1110.25×
Q2 25
1.31×
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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