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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $50.4M, roughly 1.1× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 5.0%, a 415.2% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 20.5%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 7.5%).
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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
ARR vs GHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $56.7M |
| Net Profit | $211.7M | $2.8M |
| Gross Margin | — | 23.8% |
| Operating Margin | — | 5.5% |
| Net Margin | 420.2% | 5.0% |
| Revenue YoY | 297.9% | 20.5% |
| Net Profit YoY | 555.9% | 79.2% |
| 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.
| Q4 25 | $50.4M | $56.7M | ||
| Q3 25 | $38.5M | $66.0M | ||
| Q2 25 | $33.1M | $55.5M | ||
| Q1 25 | $36.3M | $59.3M | ||
| Q4 24 | $12.7M | $47.0M | ||
| Q3 24 | — | $53.6M | ||
| Q2 24 | $7.0M | $50.0M | ||
| Q1 24 | — | $49.1M |
| Q4 25 | $211.7M | $2.8M | ||
| Q3 25 | $159.3M | $3.1M | ||
| Q2 25 | $-75.6M | $4.6M | ||
| Q1 25 | $27.3M | $4.4M | ||
| Q4 24 | $-46.4M | $1.6M | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | $-48.4M | $3.0M | ||
| Q1 24 | — | $1.3M |
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 24.8% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 420.2% | 5.0% | ||
| Q3 25 | 413.5% | 4.7% | ||
| Q2 25 | -228.4% | 8.3% | ||
| Q1 25 | 75.2% | 7.4% | ||
| Q4 24 | -366.8% | 3.4% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | -693.8% | 5.9% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | $2.43 | $0.25 | ||
| Q3 25 | $1.49 | $0.28 | ||
| Q2 25 | $-0.94 | $0.42 | ||
| Q1 25 | $0.32 | $0.40 | ||
| Q4 24 | $-0.91 | $0.14 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | $-1.05 | $0.27 | ||
| Q1 24 | — | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.3M | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $131.3M |
| Total Assets | $21.0B | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $22.3M | ||
| Q3 25 | $44.2M | $20.6M | ||
| Q2 25 | $141.2M | $10.8M | ||
| Q1 25 | $49.1M | $21.6M | ||
| Q4 24 | $68.0M | $30.0M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | $126.6M | $21.6M | ||
| Q1 24 | — | $16.9M |
| Q4 25 | $2.3B | $131.3M | ||
| Q3 25 | $2.1B | $127.6M | ||
| Q2 25 | $1.7B | $123.4M | ||
| Q1 25 | $1.7B | $119.6M | ||
| Q4 24 | $1.4B | $114.4M | ||
| Q3 24 | — | $112.5M | ||
| Q2 24 | $1.2B | $108.2M | ||
| Q1 24 | — | $105.6M |
| Q4 25 | $21.0B | $292.9M | ||
| Q3 25 | $19.4B | $287.0M | ||
| Q2 25 | $16.2B | $252.3M | ||
| Q1 25 | $15.5B | $264.1M | ||
| Q4 24 | $13.5B | $264.3M | ||
| Q3 24 | — | $249.5M | ||
| Q2 24 | $10.1B | $244.2M | ||
| Q1 24 | — | $233.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $124.2M | $4.8M |
| Free Cash FlowOCF − Capex | — | $2.4M |
| FCF MarginFCF / Revenue | — | 4.3% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | 0.59× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | $4.8M | ||
| Q3 25 | $-37.8M | $13.6M | ||
| Q2 25 | $25.0M | $-2.3M | ||
| Q1 25 | $101.5M | $-3.6M | ||
| Q4 24 | $261.5M | $5.2M | ||
| Q3 24 | — | $13.9M | ||
| Q2 24 | $27.1M | $8.7M | ||
| Q1 24 | — | $8.6M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | — | $-9.3M | ||
| Q1 25 | — | $-8.7M | ||
| Q4 24 | — | $-2.1M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $5.7M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | -16.7% | ||
| Q1 25 | — | -14.7% | ||
| Q4 24 | — | -4.5% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | 0.59× | 1.67× | ||
| Q3 25 | -0.24× | 4.40× | ||
| Q2 25 | — | -0.49× | ||
| Q1 25 | 3.71× | -0.81× | ||
| Q4 24 | — | 3.29× | ||
| Q3 24 | — | 4.25× | ||
| Q2 24 | — | 2.94× | ||
| Q1 24 | — | 6.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARR
Segment breakdown not available.
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
