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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

FULL HOUSE RESORTS INC is the larger business by last-quarter revenue ($75.4M vs $50.4M, roughly 1.5× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -16.4%, a 436.7% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 3.4%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 3.9%).

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.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

ARR vs FLL — Head-to-Head

Bigger by revenue
FLL
FLL
1.5× larger
FLL
$75.4M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+294.5% gap
ARR
297.9%
3.4%
FLL
Higher net margin
ARR
ARR
436.7% more per $
ARR
420.2%
-16.4%
FLL
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
3.9%
FLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
FLL
FLL
Revenue
$50.4M
$75.4M
Net Profit
$211.7M
$-12.4M
Gross Margin
93.1%
Operating Margin
-1.3%
Net Margin
420.2%
-16.4%
Revenue YoY
297.9%
3.4%
Net Profit YoY
555.9%
-0.6%
EPS (diluted)
$2.43
$-0.35

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
FLL
FLL
Q4 25
$50.4M
$75.4M
Q3 25
$38.5M
$78.0M
Q2 25
$33.1M
$73.9M
Q1 25
$36.3M
$75.1M
Q4 24
$12.7M
$73.0M
Q3 24
$75.7M
Q2 24
$7.0M
$73.5M
Q1 24
$69.9M
Net Profit
ARR
ARR
FLL
FLL
Q4 25
$211.7M
$-12.4M
Q3 25
$159.3M
$-7.7M
Q2 25
$-75.6M
$-10.4M
Q1 25
$27.3M
$-9.8M
Q4 24
$-46.4M
$-12.3M
Q3 24
$-8.5M
Q2 24
$-48.4M
$-8.6M
Q1 24
$-11.3M
Gross Margin
ARR
ARR
FLL
FLL
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Q1 24
92.3%
Operating Margin
ARR
ARR
FLL
FLL
Q4 25
-1.3%
Q3 25
4.4%
Q2 25
-0.1%
Q1 25
1.0%
Q4 24
-1.9%
Q3 24
3.2%
Q2 24
3.2%
Q1 24
-0.9%
Net Margin
ARR
ARR
FLL
FLL
Q4 25
420.2%
-16.4%
Q3 25
413.5%
-9.8%
Q2 25
-228.4%
-14.0%
Q1 25
75.2%
-13.0%
Q4 24
-366.8%
-16.9%
Q3 24
-11.2%
Q2 24
-693.8%
-11.7%
Q1 24
-16.1%
EPS (diluted)
ARR
ARR
FLL
FLL
Q4 25
$2.43
$-0.35
Q3 25
$1.49
$-0.21
Q2 25
$-0.94
$-0.29
Q1 25
$0.32
$-0.27
Q4 24
$-0.91
$-0.34
Q3 24
$-0.24
Q2 24
$-1.05
$-0.25
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$63.3M
$40.7M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$2.3B
$2.5M
Total Assets
$21.0B
$649.8M
Debt / EquityLower = less leverage
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
FLL
FLL
Q4 25
$63.3M
$40.7M
Q3 25
$44.2M
$30.9M
Q2 25
$141.2M
$32.1M
Q1 25
$49.1M
$30.7M
Q4 24
$68.0M
$40.2M
Q3 24
$25.9M
Q2 24
$126.6M
$31.1M
Q1 24
$25.7M
Total Debt
ARR
ARR
FLL
FLL
Q4 25
$473.6M
Q3 25
$473.1M
Q2 25
$467.5M
Q1 25
$471.7M
Q4 24
$468.1M
Q3 24
$467.4M
Q2 24
$466.6M
Q1 24
$465.9M
Stockholders' Equity
ARR
ARR
FLL
FLL
Q4 25
$2.3B
$2.5M
Q3 25
$2.1B
$14.2M
Q2 25
$1.7B
$21.2M
Q1 25
$1.7B
$31.0M
Q4 24
$1.4B
$40.5M
Q3 24
$51.8M
Q2 24
$1.2B
$59.5M
Q1 24
$67.3M
Total Assets
ARR
ARR
FLL
FLL
Q4 25
$21.0B
$649.8M
Q3 25
$19.4B
$644.4M
Q2 25
$16.2B
$651.5M
Q1 25
$15.5B
$657.2M
Q4 24
$13.5B
$673.3M
Q3 24
$668.7M
Q2 24
$10.1B
$673.9M
Q1 24
$670.4M
Debt / Equity
ARR
ARR
FLL
FLL
Q4 25
186.62×
Q3 25
33.30×
Q2 25
22.04×
Q1 25
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×
Q1 24
6.92×

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
FLL
FLL
Operating Cash FlowLast quarter
$124.2M
$12.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
FLL
FLL
Q4 25
$124.2M
$12.0M
Q3 25
$-37.8M
$-472.0K
Q2 25
$25.0M
$7.9M
Q1 25
$101.5M
$-9.5M
Q4 24
$261.5M
$14.8M
Q3 24
$-6.7M
Q2 24
$27.1M
$10.1M
Q1 24
$-4.4M
Free Cash Flow
ARR
ARR
FLL
FLL
Q4 25
$10.7M
Q3 25
$-5.5M
Q2 25
$4.5M
Q1 25
$-12.3M
Q4 24
$6.9M
Q3 24
$-17.4M
Q2 24
$-1.2M
Q1 24
$-27.0M
FCF Margin
ARR
ARR
FLL
FLL
Q4 25
14.1%
Q3 25
-7.1%
Q2 25
6.1%
Q1 25
-16.4%
Q4 24
9.4%
Q3 24
-23.0%
Q2 24
-1.6%
Q1 24
-38.7%
Capex Intensity
ARR
ARR
FLL
FLL
Q4 25
1.8%
Q3 25
6.5%
Q2 25
4.5%
Q1 25
3.8%
Q4 24
10.9%
Q3 24
14.1%
Q2 24
15.4%
Q1 24
32.4%
Cash Conversion
ARR
ARR
FLL
FLL
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
ARR

Segment breakdown not available.

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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