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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Canopy Growth Corp (CGC). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $50.4M, roughly 1.1× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -84.0%, a 504.3% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -0.3%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 1.2%).
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.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
ARR vs CGC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $54.4M |
| Net Profit | $211.7M | $-45.7M |
| Gross Margin | — | 28.8% |
| Operating Margin | — | -35.3% |
| Net Margin | 420.2% | -84.0% |
| Revenue YoY | 297.9% | -0.3% |
| Net Profit YoY | 555.9% | 48.6% |
| 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 | $54.4M | ||
| Q3 25 | $38.5M | $48.7M | ||
| Q2 25 | $33.1M | $52.7M | ||
| Q1 25 | $36.3M | $47.5M | ||
| Q4 24 | $12.7M | $54.6M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | $7.0M | $48.3M | ||
| Q1 24 | — | $53.1M |
| Q4 25 | $211.7M | $-45.7M | ||
| Q3 25 | $159.3M | $-1.2M | ||
| Q2 25 | $-75.6M | $-30.3M | ||
| Q1 25 | $27.3M | — | ||
| Q4 24 | $-46.4M | $-89.0M | ||
| Q3 24 | — | $-93.7M | ||
| Q2 24 | $-48.4M | $-92.8M | ||
| Q1 24 | — | — |
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 25.0% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 21.3% |
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -25.3% | ||
| Q2 25 | — | -31.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -31.9% | ||
| Q3 24 | — | -72.9% | ||
| Q2 24 | — | -44.0% | ||
| Q1 24 | — | — |
| Q4 25 | 420.2% | -84.0% | ||
| Q3 25 | 413.5% | -2.5% | ||
| Q2 25 | -228.4% | -57.6% | ||
| Q1 25 | 75.2% | — | ||
| Q4 24 | -366.8% | -163.0% | ||
| Q3 24 | — | -203.7% | ||
| Q2 24 | -693.8% | -192.0% | ||
| Q1 24 | — | — |
| 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 | $271.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $553.5M |
| Total Assets | $21.0B | $807.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $271.1M | ||
| Q3 25 | $44.2M | $217.6M | ||
| Q2 25 | $141.2M | $104.8M | ||
| Q1 25 | $49.1M | $96.0M | ||
| Q4 24 | $68.0M | $130.2M | ||
| Q3 24 | — | $168.8M | ||
| Q2 24 | $126.6M | $142.3M | ||
| Q1 24 | — | $148.5M |
| Q4 25 | $2.3B | $553.5M | ||
| Q3 25 | $2.1B | $537.3M | ||
| Q2 25 | $1.7B | $357.0M | ||
| Q1 25 | $1.7B | $355.7M | ||
| Q4 24 | $1.4B | $431.8M | ||
| Q3 24 | — | $372.1M | ||
| Q2 24 | $1.2B | $389.0M | ||
| Q1 24 | — | $365.3M |
| Q4 25 | $21.0B | $807.5M | ||
| Q3 25 | $19.4B | $781.0M | ||
| Q2 25 | $16.2B | $660.4M | ||
| Q1 25 | $15.5B | $669.9M | ||
| Q4 24 | $13.5B | $849.9M | ||
| Q3 24 | — | $899.6M | ||
| Q2 24 | $10.1B | $938.9M | ||
| Q1 24 | — | $949.2M |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | — | ||
| Q3 25 | $-37.8M | — | ||
| Q2 25 | $25.0M | $-7.5M | ||
| Q1 25 | $101.5M | $-121.0M | ||
| Q4 24 | $261.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $27.1M | $-37.8M | ||
| Q1 24 | — | $-205.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-8.5M | ||
| Q1 25 | — | $-128.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-40.7M | ||
| Q1 24 | — | $-208.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | — | -271.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -84.1% | ||
| Q1 24 | — | -392.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 4.7% |
| 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.
Revenue Breakdown by Segment
ARR
Segment breakdown not available.
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
