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

Armour Residential REIT, Inc. is the larger business by last-quarter revenue ($50.4M vs $48.0M, roughly 1.1× BICYCLE THERAPEUTICS PLC). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -42.0%, a 462.3% gap on every dollar of revenue. On growth, BICYCLE THERAPEUTICS PLC posted the faster year-over-year revenue change (1193.3% vs 297.9%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 56.7%).

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.

Bicycle Therapeutics PLC is a clinical-stage biopharmaceutical firm developing innovative bicyclic peptide therapies for unmet medical needs. Its core pipeline covers oncology, rare diseases, and immunological disorders, with operations in Europe and North America, and partnerships with global pharma leaders to advance drug candidates to market.

ARR vs BCYC — Head-to-Head

Bigger by revenue
ARR
ARR
1.1× larger
ARR
$50.4M
$48.0M
BCYC
Growing faster (revenue YoY)
BCYC
BCYC
+895.4% gap
BCYC
1193.3%
297.9%
ARR
Higher net margin
ARR
ARR
462.3% more per $
ARR
420.2%
-42.0%
BCYC
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
56.7%
BCYC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
BCYC
BCYC
Revenue
$50.4M
$48.0M
Net Profit
$211.7M
$-20.2M
Gross Margin
Operating Margin
-51.5%
Net Margin
420.2%
-42.0%
Revenue YoY
297.9%
1193.3%
Net Profit YoY
555.9%
61.1%
EPS (diluted)
$2.43
$-0.29

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
BCYC
BCYC
Q4 25
$50.4M
$48.0M
Q3 25
$38.5M
$11.7M
Q2 25
$33.1M
$2.9M
Q1 25
$36.3M
$10.0M
Q4 24
$12.7M
$3.7M
Q3 24
$2.7M
Q2 24
$7.0M
$9.4M
Q1 24
$19.5M
Net Profit
ARR
ARR
BCYC
BCYC
Q4 25
$211.7M
$-20.2M
Q3 25
$159.3M
$-59.1M
Q2 25
$-75.6M
$-79.0M
Q1 25
$27.3M
$-60.8M
Q4 24
$-46.4M
Q3 24
$-50.8M
Q2 24
$-48.4M
$-39.8M
Q1 24
$-26.6M
Operating Margin
ARR
ARR
BCYC
BCYC
Q4 25
-51.5%
Q3 25
-558.6%
Q2 25
-2965.8%
Q1 25
-703.7%
Q4 24
Q3 24
-2385.9%
Q2 24
-498.3%
Q1 24
-162.4%
Net Margin
ARR
ARR
BCYC
BCYC
Q4 25
420.2%
-42.0%
Q3 25
413.5%
-503.7%
Q2 25
-228.4%
-2703.8%
Q1 25
75.2%
-608.9%
Q4 24
-366.8%
Q3 24
-1898.4%
Q2 24
-693.8%
-425.3%
Q1 24
-136.0%
EPS (diluted)
ARR
ARR
BCYC
BCYC
Q4 25
$2.43
$-0.29
Q3 25
$1.49
$-0.85
Q2 25
$-0.94
$-1.14
Q1 25
$0.32
$-0.88
Q4 24
$-0.91
Q3 24
$-0.74
Q2 24
$-1.05
$-0.77
Q1 24
$-0.62

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
BCYC
BCYC
Cash + ST InvestmentsLiquidity on hand
$63.3M
$628.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$610.0M
Total Assets
$21.0B
$717.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
BCYC
BCYC
Q4 25
$63.3M
$628.1M
Q3 25
$44.2M
$648.3M
Q2 25
$141.2M
$721.5M
Q1 25
$49.1M
$793.0M
Q4 24
$68.0M
$879.5M
Q3 24
$890.9M
Q2 24
$126.6M
$961.4M
Q1 24
$457.0M
Total Debt
ARR
ARR
BCYC
BCYC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$30.9M
Q1 24
$30.8M
Stockholders' Equity
ARR
ARR
BCYC
BCYC
Q4 25
$2.3B
$610.0M
Q3 25
$2.1B
$618.5M
Q2 25
$1.7B
$668.9M
Q1 25
$1.7B
$740.3M
Q4 24
$1.4B
$793.1M
Q3 24
$831.0M
Q2 24
$1.2B
$873.8M
Q1 24
$356.0M
Total Assets
ARR
ARR
BCYC
BCYC
Q4 25
$21.0B
$717.6M
Q3 25
$19.4B
$764.0M
Q2 25
$16.2B
$832.2M
Q1 25
$15.5B
$883.9M
Q4 24
$13.5B
$956.9M
Q3 24
$996.7M
Q2 24
$10.1B
$1.1B
Q1 24
$547.1M
Debt / Equity
ARR
ARR
BCYC
BCYC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.04×
Q1 24
0.09×

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
BCYC
BCYC
Operating Cash FlowLast quarter
$124.2M
$-19.3M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-41.5%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-252.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
BCYC
BCYC
Q4 25
$124.2M
$-19.3M
Q3 25
$-37.8M
$-71.2M
Q2 25
$25.0M
$-72.8M
Q1 25
$101.5M
$-86.4M
Q4 24
$261.5M
$-164.7M
Q3 24
$-39.8M
Q2 24
$27.1M
$-44.6M
Q1 24
$-70.9M
Free Cash Flow
ARR
ARR
BCYC
BCYC
Q4 25
$-19.9M
Q3 25
$-71.8M
Q2 25
$-73.3M
Q1 25
$-87.0M
Q4 24
$-166.0M
Q3 24
$-40.3M
Q2 24
$-45.0M
Q1 24
$-70.9M
FCF Margin
ARR
ARR
BCYC
BCYC
Q4 25
-41.5%
Q3 25
-612.3%
Q2 25
-2509.7%
Q1 25
-871.7%
Q4 24
-4475.7%
Q3 24
-1504.7%
Q2 24
-481.2%
Q1 24
-362.9%
Capex Intensity
ARR
ARR
BCYC
BCYC
Q4 25
1.2%
Q3 25
5.7%
Q2 25
17.1%
Q1 25
6.1%
Q4 24
33.3%
Q3 24
16.3%
Q2 24
4.5%
Q1 24
0.1%
Cash Conversion
ARR
ARR
BCYC
BCYC
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
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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