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

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $50.4M, roughly 1.2× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -53.8%, a 474.1% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -0.0%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 5.3%).

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.

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

ARR vs INDI — Head-to-Head

Bigger by revenue
INDI
INDI
1.2× larger
INDI
$58.0M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+297.9% gap
ARR
297.9%
-0.0%
INDI
Higher net margin
ARR
ARR
474.1% more per $
ARR
420.2%
-53.8%
INDI
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
5.3%
INDI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
INDI
INDI
Revenue
$50.4M
$58.0M
Net Profit
$211.7M
$-31.2M
Gross Margin
37.3%
Operating Margin
-58.5%
Net Margin
420.2%
-53.8%
Revenue YoY
297.9%
-0.0%
Net Profit YoY
555.9%
9.1%
EPS (diluted)
$2.43
$-0.16

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
INDI
INDI
Q4 25
$50.4M
$58.0M
Q3 25
$38.5M
$53.7M
Q2 25
$33.1M
$51.6M
Q1 25
$36.3M
$54.1M
Q4 24
$12.7M
$58.0M
Q3 24
$54.0M
Q2 24
$7.0M
$52.4M
Q1 24
$52.4M
Net Profit
ARR
ARR
INDI
INDI
Q4 25
$211.7M
$-31.2M
Q3 25
$159.3M
$-38.3M
Q2 25
$-75.6M
$-39.0M
Q1 25
$27.3M
$-34.5M
Q4 24
$-46.4M
$-34.4M
Q3 24
$-49.7M
Q2 24
$-48.4M
$-19.2M
Q1 24
$-31.2M
Gross Margin
ARR
ARR
INDI
INDI
Q4 25
37.3%
Q3 25
40.1%
Q2 25
40.6%
Q1 25
41.7%
Q4 24
42.6%
Q3 24
39.3%
Q2 24
42.2%
Q1 24
42.5%
Operating Margin
ARR
ARR
INDI
INDI
Q4 25
-58.5%
Q3 25
-71.4%
Q2 25
-83.3%
Q1 25
-72.0%
Q4 24
-58.4%
Q3 24
-92.5%
Q2 24
-70.0%
Q1 24
-94.8%
Net Margin
ARR
ARR
INDI
INDI
Q4 25
420.2%
-53.8%
Q3 25
413.5%
-71.3%
Q2 25
-228.4%
-75.6%
Q1 25
75.2%
-63.9%
Q4 24
-366.8%
-59.2%
Q3 24
-92.1%
Q2 24
-693.8%
-36.6%
Q1 24
-59.6%
EPS (diluted)
ARR
ARR
INDI
INDI
Q4 25
$2.43
$-0.16
Q3 25
$1.49
$-0.19
Q2 25
$-0.94
$-0.20
Q1 25
$0.32
$-0.18
Q4 24
$-0.91
$-0.18
Q3 24
$-0.28
Q2 24
$-1.05
$-0.11
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$63.3M
$145.5M
Total DebtLower is stronger
$353.4M
Stockholders' EquityBook value
$2.3B
$358.0M
Total Assets
$21.0B
$840.8M
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
INDI
INDI
Q4 25
$63.3M
$145.5M
Q3 25
$44.2M
$160.9M
Q2 25
$141.2M
$192.6M
Q1 25
$49.1M
$236.6M
Q4 24
$68.0M
$274.2M
Q3 24
$96.9M
Q2 24
$126.6M
$112.3M
Q1 24
$138.2M
Total Debt
ARR
ARR
INDI
INDI
Q4 25
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$379.0M
Q4 24
$381.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARR
ARR
INDI
INDI
Q4 25
$2.3B
$358.0M
Q3 25
$2.1B
$369.2M
Q2 25
$1.7B
$390.4M
Q1 25
$1.7B
$405.6M
Q4 24
$1.4B
$417.9M
Q3 24
$458.6M
Q2 24
$1.2B
$470.7M
Q1 24
$432.9M
Total Assets
ARR
ARR
INDI
INDI
Q4 25
$21.0B
$840.8M
Q3 25
$19.4B
$855.1M
Q2 25
$16.2B
$867.6M
Q1 25
$15.5B
$909.0M
Q4 24
$13.5B
$941.4M
Q3 24
$797.5M
Q2 24
$10.1B
$797.3M
Q1 24
$803.6M
Debt / Equity
ARR
ARR
INDI
INDI
Q4 25
0.99×
Q3 25
0.96×
Q2 25
0.90×
Q1 25
0.93×
Q4 24
0.91×
Q3 24
Q2 24
Q1 24

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
INDI
INDI
Operating Cash FlowLast quarter
$124.2M
$-14.4M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
INDI
INDI
Q4 25
$124.2M
$-14.4M
Q3 25
$-37.8M
$-6.2M
Q2 25
$25.0M
$-7.6M
Q1 25
$101.5M
$-29.0M
Q4 24
$261.5M
$-6.7M
Q3 24
$-22.8M
Q2 24
$27.1M
$-19.7M
Q1 24
$-9.3M
Free Cash Flow
ARR
ARR
INDI
INDI
Q4 25
$-16.1M
Q3 25
$-10.3M
Q2 25
$-13.6M
Q1 25
$-31.4M
Q4 24
$-8.6M
Q3 24
$-29.3M
Q2 24
$-23.4M
Q1 24
$-11.7M
FCF Margin
ARR
ARR
INDI
INDI
Q4 25
-27.8%
Q3 25
-19.2%
Q2 25
-26.4%
Q1 25
-58.0%
Q4 24
-14.8%
Q3 24
-54.3%
Q2 24
-44.7%
Q1 24
-22.3%
Capex Intensity
ARR
ARR
INDI
INDI
Q4 25
3.0%
Q3 25
7.8%
Q2 25
11.6%
Q1 25
4.4%
Q4 24
3.2%
Q3 24
12.1%
Q2 24
7.0%
Q1 24
4.4%
Cash Conversion
ARR
ARR
INDI
INDI
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.

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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