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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Black Stone Minerals, L.P. (BSM). Click either name above to swap in a different company.
Black Stone Minerals, L.P. is the larger business by last-quarter revenue ($95.2M vs $50.4M, roughly 1.9× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 75.9%, a 344.4% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -8.7%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -9.7%).
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.
Black Stone Minerals, L.P., or Black Stone Minerals, is a Houston, Texas-based oil and natural gas corporation.
ARR vs BSM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $95.2M |
| Net Profit | $211.7M | $72.2M |
| Gross Margin | — | — |
| Operating Margin | — | 78.6% |
| Net Margin | 420.2% | 75.9% |
| Revenue YoY | 297.9% | -8.7% |
| Net Profit YoY | 555.9% | 55.8% |
| EPS (diluted) | $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 | $50.4M | $95.2M | ||
| Q3 25 | $38.5M | $105.2M | ||
| Q2 25 | $33.1M | $106.7M | ||
| Q1 25 | $36.3M | $115.3M | ||
| Q4 24 | $12.7M | $104.3M | ||
| Q3 24 | — | $103.2M | ||
| Q2 24 | $7.0M | $115.2M | ||
| Q1 24 | — | $116.8M |
| Q4 25 | $211.7M | $72.2M | ||
| Q3 25 | $159.3M | $91.7M | ||
| Q2 25 | $-75.6M | $120.0M | ||
| Q1 25 | $27.3M | $15.9M | ||
| Q4 24 | $-46.4M | $46.3M | ||
| Q3 24 | — | $92.7M | ||
| Q2 24 | $-48.4M | $68.3M | ||
| Q1 24 | — | $63.9M |
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 89.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 45.6% | ||
| Q3 24 | — | 90.2% | ||
| Q2 24 | — | 59.5% | ||
| Q1 24 | — | 54.8% |
| Q4 25 | 420.2% | 75.9% | ||
| Q3 25 | 413.5% | 87.2% | ||
| Q2 25 | -228.4% | 112.5% | ||
| Q1 25 | 75.2% | 13.8% | ||
| Q4 24 | -366.8% | 44.4% | ||
| Q3 24 | — | 89.9% | ||
| Q2 24 | -693.8% | 59.3% | ||
| Q1 24 | — | 54.7% |
| Q4 25 | $2.43 | — | ||
| Q3 25 | $1.49 | — | ||
| Q2 25 | $-0.94 | — | ||
| Q1 25 | $0.32 | — | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-1.05 | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.3M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | — |
| Total Assets | $21.0B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $1.5M | ||
| Q3 25 | $44.2M | $2.9M | ||
| Q2 25 | $141.2M | $2.5M | ||
| Q1 25 | $49.1M | $2.4M | ||
| Q4 24 | $68.0M | $2.5M | ||
| Q3 24 | — | $21.0M | ||
| Q2 24 | $126.6M | $26.7M | ||
| Q1 24 | — | $40.5M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | — | — |
| Q4 25 | $21.0B | $1.3B | ||
| Q3 25 | $19.4B | $1.3B | ||
| Q2 25 | $16.2B | $1.3B | ||
| Q1 25 | $15.5B | $1.2B | ||
| Q4 24 | $13.5B | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $10.1B | $1.2B | ||
| Q1 24 | — | $1.2B |
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 | $124.2M | $65.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.59× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | $65.1M | ||
| Q3 25 | $-37.8M | $99.8M | ||
| Q2 25 | $25.0M | $80.5M | ||
| Q1 25 | $101.5M | $64.8M | ||
| Q4 24 | $261.5M | $91.0M | ||
| Q3 24 | — | $93.2M | ||
| Q2 24 | $27.1M | $100.4M | ||
| Q1 24 | — | $104.5M |
| Q4 25 | 0.59× | 0.90× | ||
| Q3 25 | -0.24× | 1.09× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | 3.71× | 4.07× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARR
Segment breakdown not available.
BSM
| Oil Reserves | $46.4M | 49% |
| Natural Gas Reserves | $44.1M | 46% |
| Real Estate | $4.7M | 5% |
