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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and DAWSON GEOPHYSICAL CO (DWSN). 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 $26.9M, roughly 1.9× DAWSON GEOPHYSICAL CO). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 2.1%, a 418.1% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 72.3%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 5.4%).

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.

Dawson Geophysical Co is a North American geophysical services provider specializing in seismic data acquisition, processing and analysis. It primarily serves the oil and gas exploration and production sector, supporting clients to assess subsurface energy reserves across major onshore resource basins in the U.S. and Canada.

ARR vs DWSN — Head-to-Head

Bigger by revenue
ARR
ARR
1.9× larger
ARR
$50.4M
$26.9M
DWSN
Growing faster (revenue YoY)
ARR
ARR
+225.5% gap
ARR
297.9%
72.3%
DWSN
Higher net margin
ARR
ARR
418.1% more per $
ARR
420.2%
2.1%
DWSN
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
5.4%
DWSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
DWSN
DWSN
Revenue
$50.4M
$26.9M
Net Profit
$211.7M
$569.0K
Gross Margin
19.7%
Operating Margin
3.1%
Net Margin
420.2%
2.1%
Revenue YoY
297.9%
72.3%
Net Profit YoY
555.9%
170.9%
EPS (diluted)
$2.43
$0.03

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
DWSN
DWSN
Q4 25
$50.4M
$26.9M
Q3 25
$38.5M
$22.7M
Q2 25
$33.1M
$9.9M
Q1 25
$36.3M
$16.1M
Q4 24
$12.7M
$15.6M
Q2 24
$7.0M
$12.5M
Q1 24
$31.6M
Q4 23
$24.3M
Net Profit
ARR
ARR
DWSN
DWSN
Q4 25
$211.7M
$569.0K
Q3 25
$159.3M
$-1.2M
Q2 25
$-75.6M
$-2.3M
Q1 25
$27.3M
$992.0K
Q4 24
$-46.4M
$-802.0K
Q2 24
$-48.4M
$-3.5M
Q1 24
$5.8M
Q4 23
$-2.1M
Gross Margin
ARR
ARR
DWSN
DWSN
Q4 25
19.7%
Q3 25
10.1%
Q2 25
11.5%
Q1 25
26.7%
Q4 24
19.9%
Q2 24
1.0%
Q1 24
30.5%
Q4 23
22.4%
Operating Margin
ARR
ARR
DWSN
DWSN
Q4 25
3.1%
Q3 25
-5.2%
Q2 25
-24.1%
Q1 25
6.4%
Q4 24
-5.3%
Q2 24
-30.1%
Q1 24
18.4%
Q4 23
-8.4%
Net Margin
ARR
ARR
DWSN
DWSN
Q4 25
420.2%
2.1%
Q3 25
413.5%
-5.1%
Q2 25
-228.4%
-23.8%
Q1 25
75.2%
6.2%
Q4 24
-366.8%
-5.1%
Q2 24
-693.8%
-28.3%
Q1 24
18.5%
Q4 23
-8.7%
EPS (diluted)
ARR
ARR
DWSN
DWSN
Q4 25
$2.43
$0.03
Q3 25
$1.49
$-0.04
Q2 25
$-0.94
$-0.08
Q1 25
$0.32
$0.03
Q4 24
$-0.91
$-0.02
Q2 24
$-1.05
$-0.12
Q1 24
$0.19
Q4 23
$-0.05

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
DWSN
DWSN
Cash + ST InvestmentsLiquidity on hand
$63.3M
$5.3M
Total DebtLower is stronger
$11.3M
Stockholders' EquityBook value
$2.3B
$15.8M
Total Assets
$21.0B
$56.0M
Debt / EquityLower = less leverage
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
DWSN
DWSN
Q4 25
$63.3M
$5.3M
Q3 25
$44.2M
$5.1M
Q2 25
$141.2M
$16.2M
Q1 25
$49.1M
$2.7M
Q4 24
$68.0M
$1.4M
Q2 24
$126.6M
$11.4M
Q1 24
$11.7M
Q4 23
$11.0M
Total Debt
ARR
ARR
DWSN
DWSN
Q4 25
$11.3M
Q3 25
$6.5M
Q2 25
$1.1M
Q1 25
$1.3M
Q4 24
$1.5M
Q2 24
$1.4M
Q1 24
$1.5M
Q4 23
$1.3M
Stockholders' Equity
ARR
ARR
DWSN
DWSN
Q4 25
$2.3B
$15.8M
Q3 25
$2.1B
$15.2M
Q2 25
$1.7B
$16.4M
Q1 25
$1.7B
$18.3M
Q4 24
$1.4B
$17.3M
Q2 24
$1.2B
$23.8M
Q1 24
$27.3M
Q4 23
$31.4M
Total Assets
ARR
ARR
DWSN
DWSN
Q4 25
$21.0B
$56.0M
Q3 25
$19.4B
$40.6M
Q2 25
$16.2B
$45.7M
Q1 25
$15.5B
$33.3M
Q4 24
$13.5B
$30.9M
Q2 24
$10.1B
$41.0M
Q1 24
$57.8M
Q4 23
$57.5M
Debt / Equity
ARR
ARR
DWSN
DWSN
Q4 25
0.72×
Q3 25
0.43×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.09×
Q2 24
0.06×
Q1 24
0.06×
Q4 23
0.04×

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
DWSN
DWSN
Operating Cash FlowLast quarter
$124.2M
$2.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.59×
3.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
DWSN
DWSN
Q4 25
$124.2M
$2.1M
Q3 25
$-37.8M
$-4.7M
Q2 25
$25.0M
$14.9M
Q1 25
$101.5M
$1.8M
Q4 24
$261.5M
$-5.4M
Q2 24
$27.1M
$5.9M
Q1 24
$1.9M
Q4 23
$-1.6M
Free Cash Flow
ARR
ARR
DWSN
DWSN
Q4 25
Q3 25
$-10.2M
Q2 25
Q1 25
Q4 24
$-5.7M
Q2 24
$5.1M
Q1 24
$1.2M
Q4 23
$-2.7M
FCF Margin
ARR
ARR
DWSN
DWSN
Q4 25
Q3 25
-44.7%
Q2 25
Q1 25
Q4 24
-36.7%
Q2 24
40.9%
Q1 24
3.8%
Q4 23
-11.3%
Capex Intensity
ARR
ARR
DWSN
DWSN
Q4 25
Q3 25
23.9%
Q2 25
Q1 25
Q4 24
2.0%
Q2 24
6.4%
Q1 24
2.2%
Q4 23
4.5%
Cash Conversion
ARR
ARR
DWSN
DWSN
Q4 25
0.59×
3.67×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
1.77×
Q4 24
Q2 24
Q1 24
0.32×
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

DWSN
DWSN

Fee Revenue$22.9M85%
Other$4.0M15%

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