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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and GCL Global Holdings Ltd (GCL). Click either name above to swap in a different company.

GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $50.4M, roughly 2.0× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -5.2%, a 425.4% gap on every dollar of revenue.

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.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

ARR vs GCL — Head-to-Head

Bigger by revenue
GCL
GCL
2.0× larger
GCL
$98.7M
$50.4M
ARR
Higher net margin
ARR
ARR
425.4% more per $
ARR
420.2%
-5.2%
GCL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARR
ARR
GCL
GCL
Revenue
$50.4M
$98.7M
Net Profit
$211.7M
$-5.1M
Gross Margin
11.0%
Operating Margin
-6.7%
Net Margin
420.2%
-5.2%
Revenue YoY
297.9%
Net Profit YoY
555.9%
EPS (diluted)
$2.43
$-0.04

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
GCL
GCL
Q4 25
$50.4M
Q3 25
$38.5M
$98.7M
Q2 25
$33.1M
$142.1M
Q1 25
$36.3M
Q4 24
$12.7M
Q3 24
$36.1M
Q2 24
$7.0M
Q1 23
$12.2M
Net Profit
ARR
ARR
GCL
GCL
Q4 25
$211.7M
Q3 25
$159.3M
$-5.1M
Q2 25
$-75.6M
$5.6M
Q1 25
$27.3M
Q4 24
$-46.4M
Q3 24
$-1.9M
Q2 24
$-48.4M
Q1 23
$-31.4M
Gross Margin
ARR
ARR
GCL
GCL
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Q1 23
Operating Margin
ARR
ARR
GCL
GCL
Q4 25
Q3 25
-6.7%
Q2 25
2.3%
Q1 25
Q4 24
Q3 24
-5.6%
Q2 24
Q1 23
Net Margin
ARR
ARR
GCL
GCL
Q4 25
420.2%
Q3 25
413.5%
-5.2%
Q2 25
-228.4%
3.9%
Q1 25
75.2%
Q4 24
-366.8%
Q3 24
-5.2%
Q2 24
-693.8%
Q1 23
-256.8%
EPS (diluted)
ARR
ARR
GCL
GCL
Q4 25
$2.43
Q3 25
$1.49
$-0.04
Q2 25
$-0.94
$0.05
Q1 25
$0.32
Q4 24
$-0.91
Q3 24
Q2 24
$-1.05
Q1 23
$-0.95

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
GCL
GCL
Cash + ST InvestmentsLiquidity on hand
$63.3M
$16.6M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$2.3B
$33.1M
Total Assets
$21.0B
$159.9M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
GCL
GCL
Q4 25
$63.3M
Q3 25
$44.2M
$16.6M
Q2 25
$141.2M
$18.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q3 24
$2.7M
Q2 24
$126.6M
Q1 23
Total Debt
ARR
ARR
GCL
GCL
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 23
Stockholders' Equity
ARR
ARR
GCL
GCL
Q4 25
$2.3B
Q3 25
$2.1B
$33.1M
Q2 25
$1.7B
$35.9M
Q1 25
$1.7B
Q4 24
$1.4B
Q3 24
$15.9M
Q2 24
$1.2B
Q1 23
$1.2B
Total Assets
ARR
ARR
GCL
GCL
Q4 25
$21.0B
Q3 25
$19.4B
$159.9M
Q2 25
$16.2B
$101.6M
Q1 25
$15.5B
Q4 24
$13.5B
Q3 24
$49.6M
Q2 24
$10.1B
Q1 23
$13.2B
Debt / Equity
ARR
ARR
GCL
GCL
Q4 25
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 23

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
GCL
GCL
Operating Cash FlowLast quarter
$124.2M
$-4.8M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
GCL
GCL
Q4 25
$124.2M
Q3 25
$-37.8M
$-4.8M
Q2 25
$25.0M
$-10.3M
Q1 25
$101.5M
Q4 24
$261.5M
Q3 24
$6.1M
Q2 24
$27.1M
Q1 23
$54.2M
Free Cash Flow
ARR
ARR
GCL
GCL
Q4 25
Q3 25
$-5.2M
Q2 25
$-10.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 23
FCF Margin
ARR
ARR
GCL
GCL
Q4 25
Q3 25
-5.3%
Q2 25
-7.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 23
Capex Intensity
ARR
ARR
GCL
GCL
Q4 25
Q3 25
0.4%
Q2 25
0.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 23
Cash Conversion
ARR
ARR
GCL
GCL
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
-1.84×
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
Q1 23

Financial Flow Comparison

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

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