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

HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $50.4M, roughly 1.6× Armour Residential REIT, Inc.). On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 7.4%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 4.7%).

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.

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

ARR vs HSTM — Head-to-Head

Bigger by revenue
HSTM
HSTM
1.6× larger
HSTM
$79.7M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+290.5% gap
ARR
297.9%
7.4%
HSTM
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
4.7%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
HSTM
HSTM
Revenue
$50.4M
$79.7M
Net Profit
$211.7M
Gross Margin
Operating Margin
3.0%
Net Margin
420.2%
Revenue YoY
297.9%
7.4%
Net Profit YoY
555.9%
EPS (diluted)
$2.43
$0.09

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
HSTM
HSTM
Q4 25
$50.4M
$79.7M
Q3 25
$38.5M
$76.5M
Q2 25
$33.1M
$74.4M
Q1 25
$36.3M
$73.5M
Q4 24
$12.7M
$74.2M
Q3 24
$73.1M
Q2 24
$7.0M
$71.6M
Q1 24
$72.8M
Net Profit
ARR
ARR
HSTM
HSTM
Q4 25
$211.7M
Q3 25
$159.3M
$6.1M
Q2 25
$-75.6M
$5.4M
Q1 25
$27.3M
$4.3M
Q4 24
$-46.4M
Q3 24
$5.7M
Q2 24
$-48.4M
$4.2M
Q1 24
$5.2M
Operating Margin
ARR
ARR
HSTM
HSTM
Q4 25
3.0%
Q3 25
9.9%
Q2 25
7.9%
Q1 25
6.0%
Q4 24
6.3%
Q3 24
8.9%
Q2 24
6.2%
Q1 24
7.8%
Net Margin
ARR
ARR
HSTM
HSTM
Q4 25
420.2%
Q3 25
413.5%
8.0%
Q2 25
-228.4%
7.2%
Q1 25
75.2%
5.9%
Q4 24
-366.8%
Q3 24
7.8%
Q2 24
-693.8%
5.8%
Q1 24
7.2%
EPS (diluted)
ARR
ARR
HSTM
HSTM
Q4 25
$2.43
$0.09
Q3 25
$1.49
$0.20
Q2 25
$-0.94
$0.18
Q1 25
$0.32
$0.14
Q4 24
$-0.91
$0.16
Q3 24
$0.19
Q2 24
$-1.05
$0.14
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
HSTM
HSTM
Cash + ST InvestmentsLiquidity on hand
$63.3M
$36.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$354.0M
Total Assets
$21.0B
$520.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
HSTM
HSTM
Q4 25
$63.3M
$36.2M
Q3 25
$44.2M
$53.5M
Q2 25
$141.2M
$52.1M
Q1 25
$49.1M
$77.3M
Q4 24
$68.0M
$59.5M
Q3 24
$57.5M
Q2 24
$126.6M
$46.1M
Q1 24
$52.4M
Stockholders' Equity
ARR
ARR
HSTM
HSTM
Q4 25
$2.3B
$354.0M
Q3 25
$2.1B
$349.2M
Q2 25
$1.7B
$350.6M
Q1 25
$1.7B
$362.8M
Q4 24
$1.4B
$359.4M
Q3 24
$355.5M
Q2 24
$1.2B
$349.2M
Q1 24
$344.9M
Total Assets
ARR
ARR
HSTM
HSTM
Q4 25
$21.0B
$520.4M
Q3 25
$19.4B
$499.9M
Q2 25
$16.2B
$500.1M
Q1 25
$15.5B
$524.0M
Q4 24
$13.5B
$510.8M
Q3 24
$502.8M
Q2 24
$10.1B
$499.6M
Q1 24
$511.6M

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
HSTM
HSTM
Operating Cash FlowLast quarter
$124.2M
$13.2M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
HSTM
HSTM
Q4 25
$124.2M
$13.2M
Q3 25
$-37.8M
$18.0M
Q2 25
$25.0M
$5.0M
Q1 25
$101.5M
$27.1M
Q4 24
$261.5M
$11.2M
Q3 24
$19.1M
Q2 24
$27.1M
$6.5M
Q1 24
$20.9M
Free Cash Flow
ARR
ARR
HSTM
HSTM
Q4 25
$13.0M
Q3 25
$17.9M
Q2 25
$2.7M
Q1 25
$26.0M
Q4 24
$11.0M
Q3 24
$18.8M
Q2 24
$6.3M
Q1 24
$20.2M
FCF Margin
ARR
ARR
HSTM
HSTM
Q4 25
16.3%
Q3 25
23.4%
Q2 25
3.6%
Q1 25
35.4%
Q4 24
14.8%
Q3 24
25.8%
Q2 24
8.8%
Q1 24
27.8%
Capex Intensity
ARR
ARR
HSTM
HSTM
Q4 25
0.3%
Q3 25
0.1%
Q2 25
3.1%
Q1 25
1.4%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
0.2%
Q1 24
1.0%
Cash Conversion
ARR
ARR
HSTM
HSTM
Q4 25
0.59×
Q3 25
-0.24×
2.96×
Q2 25
0.93×
Q1 25
3.71×
6.25×
Q4 24
Q3 24
3.34×
Q2 24
1.55×
Q1 24
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

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