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

FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $50.4M, roughly 1.8× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -4.6%, a 424.9% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 19.8%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 21.9%).

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.

FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.

ARR vs FLYX — Head-to-Head

Bigger by revenue
FLYX
FLYX
1.8× larger
FLYX
$92.1M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+278.1% gap
ARR
297.9%
19.8%
FLYX
Higher net margin
ARR
ARR
424.9% more per $
ARR
420.2%
-4.6%
FLYX
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
21.9%
FLYX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARR
ARR
FLYX
FLYX
Revenue
$50.4M
$92.1M
Net Profit
$211.7M
$-4.3M
Gross Margin
13.7%
Operating Margin
-12.3%
Net Margin
420.2%
-4.6%
Revenue YoY
297.9%
19.8%
Net Profit YoY
555.9%
32.0%
EPS (diluted)
$2.43
$-0.25

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
FLYX
FLYX
Q4 25
$50.4M
Q3 25
$38.5M
$92.1M
Q2 25
$33.1M
$91.3M
Q1 25
$36.3M
$88.1M
Q4 24
$12.7M
Q3 24
$76.9M
Q2 24
$7.0M
$79.0M
Q1 24
$80.0M
Net Profit
ARR
ARR
FLYX
FLYX
Q4 25
$211.7M
Q3 25
$159.3M
$-4.3M
Q2 25
$-75.6M
$-4.8M
Q1 25
$27.3M
$-5.4M
Q4 24
$-46.4M
Q3 24
$-6.3M
Q2 24
$-48.4M
$-5.2M
Q1 24
$-5.8M
Gross Margin
ARR
ARR
FLYX
FLYX
Q4 25
Q3 25
13.7%
Q2 25
15.0%
Q1 25
12.8%
Q4 24
Q3 24
11.3%
Q2 24
7.9%
Q1 24
7.2%
Operating Margin
ARR
ARR
FLYX
FLYX
Q4 25
Q3 25
-12.3%
Q2 25
-13.5%
Q1 25
-16.7%
Q4 24
Q3 24
-27.2%
Q2 24
-27.6%
Q1 24
-34.3%
Net Margin
ARR
ARR
FLYX
FLYX
Q4 25
420.2%
Q3 25
413.5%
-4.6%
Q2 25
-228.4%
-5.2%
Q1 25
75.2%
-6.2%
Q4 24
-366.8%
Q3 24
-8.2%
Q2 24
-693.8%
-6.5%
Q1 24
-7.3%
EPS (diluted)
ARR
ARR
FLYX
FLYX
Q4 25
$2.43
Q3 25
$1.49
$-0.25
Q2 25
$-0.94
$-0.26
Q1 25
$0.32
$-0.30
Q4 24
$-0.91
Q3 24
$-0.32
Q2 24
$-1.05
$-0.32
Q1 24
$-0.35

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
FLYX
FLYX
Cash + ST InvestmentsLiquidity on hand
$63.3M
$18.7M
Total DebtLower is stronger
$123.9M
Stockholders' EquityBook value
$2.3B
$-434.2M
Total Assets
$21.0B
$448.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
FLYX
FLYX
Q4 25
$63.3M
Q3 25
$44.2M
$18.7M
Q2 25
$141.2M
$15.8M
Q1 25
$49.1M
$14.7M
Q4 24
$68.0M
Q3 24
$18.7M
Q2 24
$126.6M
$9.3M
Q1 24
$5.3M
Total Debt
ARR
ARR
FLYX
FLYX
Q4 25
Q3 25
$123.9M
Q2 25
$111.6M
Q1 25
$121.6M
Q4 24
Q3 24
$197.9M
Q2 24
$206.3M
Q1 24
$209.4M
Stockholders' Equity
ARR
ARR
FLYX
FLYX
Q4 25
$2.3B
Q3 25
$2.1B
$-434.2M
Q2 25
$1.7B
$-261.4M
Q1 25
$1.7B
$-281.5M
Q4 24
$1.4B
Q3 24
$-192.0M
Q2 24
$1.2B
$-149.7M
Q1 24
$-149.5M
Total Assets
ARR
ARR
FLYX
FLYX
Q4 25
$21.0B
Q3 25
$19.4B
$448.1M
Q2 25
$16.2B
$443.4M
Q1 25
$15.5B
$466.8M
Q4 24
$13.5B
Q3 24
$487.1M
Q2 24
$10.1B
$494.7M
Q1 24
$524.1M

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
FLYX
FLYX
Operating Cash FlowLast quarter
$124.2M
$-209.0K
Free Cash FlowOCF − Capex
$-11.0M
FCF MarginFCF / Revenue
-12.0%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-51.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
FLYX
FLYX
Q4 25
$124.2M
Q3 25
$-37.8M
$-209.0K
Q2 25
$25.0M
$363.0K
Q1 25
$101.5M
$-10.5M
Q4 24
$261.5M
Q3 24
$-12.3M
Q2 24
$27.1M
$-16.2M
Q1 24
$-26.0M
Free Cash Flow
ARR
ARR
FLYX
FLYX
Q4 25
Q3 25
$-11.0M
Q2 25
$353.0K
Q1 25
$-14.6M
Q4 24
Q3 24
$-25.7M
Q2 24
$-26.6M
Q1 24
$-64.5M
FCF Margin
ARR
ARR
FLYX
FLYX
Q4 25
Q3 25
-12.0%
Q2 25
0.4%
Q1 25
-16.5%
Q4 24
Q3 24
-33.5%
Q2 24
-33.7%
Q1 24
-80.6%
Capex Intensity
ARR
ARR
FLYX
FLYX
Q4 25
Q3 25
11.7%
Q2 25
0.0%
Q1 25
4.7%
Q4 24
Q3 24
17.5%
Q2 24
13.2%
Q1 24
48.2%
Cash Conversion
ARR
ARR
FLYX
FLYX
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.

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