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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and FGI Industries Ltd. (FGI). 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 $30.5M, roughly 1.7× FGI Industries Ltd.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -8.6%, a 428.9% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -14.4%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -0.5%).

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.

FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.

ARR vs FGI — Head-to-Head

Bigger by revenue
ARR
ARR
1.7× larger
ARR
$50.4M
$30.5M
FGI
Growing faster (revenue YoY)
ARR
ARR
+312.3% gap
ARR
297.9%
-14.4%
FGI
Higher net margin
ARR
ARR
428.9% more per $
ARR
420.2%
-8.6%
FGI
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-0.5%
FGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
FGI
FGI
Revenue
$50.4M
$30.5M
Net Profit
$211.7M
$-2.6M
Gross Margin
26.7%
Operating Margin
-2.2%
Net Margin
420.2%
-8.6%
Revenue YoY
297.9%
-14.4%
Net Profit YoY
555.9%
-553.1%
EPS (diluted)
$2.43
$-1.63

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
FGI
FGI
Q4 25
$50.4M
$30.5M
Q3 25
$38.5M
$35.8M
Q2 25
$33.1M
$31.0M
Q1 25
$36.3M
$33.2M
Q4 24
$12.7M
$35.6M
Q3 24
$36.1M
Q2 24
$7.0M
$29.4M
Q1 24
$30.8M
Net Profit
ARR
ARR
FGI
FGI
Q4 25
$211.7M
$-2.6M
Q3 25
$159.3M
$-1.7M
Q2 25
$-75.6M
$-1.2M
Q1 25
$27.3M
$-629.1K
Q4 24
$-46.4M
$-402.3K
Q3 24
$-550.1K
Q2 24
$-48.4M
$163.6K
Q1 24
$-412.2K
Gross Margin
ARR
ARR
FGI
FGI
Q4 25
26.7%
Q3 25
26.5%
Q2 25
28.1%
Q1 25
26.8%
Q4 24
24.6%
Q3 24
25.8%
Q2 24
30.5%
Q1 24
27.4%
Operating Margin
ARR
ARR
FGI
FGI
Q4 25
-2.2%
Q3 25
1.0%
Q2 25
-2.7%
Q1 25
-3.9%
Q4 24
-3.5%
Q3 24
-0.2%
Q2 24
-1.5%
Q1 24
-1.0%
Net Margin
ARR
ARR
FGI
FGI
Q4 25
420.2%
-8.6%
Q3 25
413.5%
-4.6%
Q2 25
-228.4%
-4.0%
Q1 25
75.2%
-1.9%
Q4 24
-366.8%
-1.1%
Q3 24
-1.5%
Q2 24
-693.8%
0.6%
Q1 24
-1.3%
EPS (diluted)
ARR
ARR
FGI
FGI
Q4 25
$2.43
$-1.63
Q3 25
$1.49
$-0.86
Q2 25
$-0.94
$-0.64
Q1 25
$0.32
$-0.07
Q4 24
$-0.91
$-0.38
Q3 24
$-0.29
Q2 24
$-1.05
$0.08
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
FGI
FGI
Cash + ST InvestmentsLiquidity on hand
$63.3M
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$17.3M
Total Assets
$21.0B
$69.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
FGI
FGI
Q4 25
$63.3M
$1.9M
Q3 25
$44.2M
$1.9M
Q2 25
$141.2M
$2.5M
Q1 25
$49.1M
$1.2M
Q4 24
$68.0M
$4.6M
Q3 24
$3.0M
Q2 24
$126.6M
$1.3M
Q1 24
$3.3M
Stockholders' Equity
ARR
ARR
FGI
FGI
Q4 25
$2.3B
$17.3M
Q3 25
$2.1B
$19.7M
Q2 25
$1.7B
$21.3M
Q1 25
$1.7B
$21.8M
Q4 24
$1.4B
$22.3M
Q3 24
$23.5M
Q2 24
$1.2B
$23.8M
Q1 24
$23.9M
Total Assets
ARR
ARR
FGI
FGI
Q4 25
$21.0B
$69.5M
Q3 25
$19.4B
$73.0M
Q2 25
$16.2B
$71.7M
Q1 25
$15.5B
$68.5M
Q4 24
$13.5B
$75.5M
Q3 24
$74.7M
Q2 24
$10.1B
$69.9M
Q1 24
$68.6M

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
FGI
FGI
Operating Cash FlowLast quarter
$124.2M
$2.3M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
FGI
FGI
Q4 25
$124.2M
$2.3M
Q3 25
$-37.8M
$-1.9M
Q2 25
$25.0M
$7.6M
Q1 25
$101.5M
$-7.4M
Q4 24
$261.5M
$617.4K
Q3 24
$-915.0K
Q2 24
$27.1M
$862.1K
Q1 24
$-8.0M
Free Cash Flow
ARR
ARR
FGI
FGI
Q4 25
$2.3M
Q3 25
$-2.1M
Q2 25
$7.4M
Q1 25
$-7.7M
Q4 24
$-214.1K
Q3 24
$-1.1M
Q2 24
$281.5K
Q1 24
$-8.6M
FCF Margin
ARR
ARR
FGI
FGI
Q4 25
7.5%
Q3 25
-5.9%
Q2 25
23.8%
Q1 25
-23.3%
Q4 24
-0.6%
Q3 24
-3.0%
Q2 24
1.0%
Q1 24
-28.0%
Capex Intensity
ARR
ARR
FGI
FGI
Q4 25
0.2%
Q3 25
0.7%
Q2 25
0.7%
Q1 25
1.1%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
2.0%
Q1 24
2.0%
Cash Conversion
ARR
ARR
FGI
FGI
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
5.27×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

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