vs

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

Armour Residential REIT, Inc. is the larger business by last-quarter revenue ($50.4M vs $25.6M, roughly 2.0× IT TECH PACKAGING, INC.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -5.7%, a 425.9% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 2.1%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 10.5%).

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.

IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.

ARR vs ITP — Head-to-Head

Bigger by revenue
ARR
ARR
2.0× larger
ARR
$50.4M
$25.6M
ITP
Growing faster (revenue YoY)
ARR
ARR
+295.8% gap
ARR
297.9%
2.1%
ITP
Higher net margin
ARR
ARR
425.9% more per $
ARR
420.2%
-5.7%
ITP
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
10.5%
ITP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARR
ARR
ITP
ITP
Revenue
$50.4M
$25.6M
Net Profit
$211.7M
$-1.4M
Gross Margin
7.9%
Operating Margin
-3.9%
Net Margin
420.2%
-5.7%
Revenue YoY
297.9%
2.1%
Net Profit YoY
555.9%
26.6%
EPS (diluted)
$2.43
$-0.11

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
ITP
ITP
Q4 25
$50.4M
Q3 25
$38.5M
$25.6M
Q2 25
$33.1M
$24.8M
Q1 25
$36.3M
$10.9M
Q4 24
$12.7M
$17.6M
Q3 24
$25.1M
Q2 24
$7.0M
$26.2M
Q1 24
$6.9M
Net Profit
ARR
ARR
ITP
ITP
Q4 25
$211.7M
Q3 25
$159.3M
$-1.4M
Q2 25
$-75.6M
$-2.0M
Q1 25
$27.3M
$-3.5M
Q4 24
$-46.4M
$-4.0M
Q3 24
$-2.0M
Q2 24
$-48.4M
$-77.7K
Q1 24
$-3.7M
Gross Margin
ARR
ARR
ITP
ITP
Q4 25
Q3 25
7.9%
Q2 25
5.1%
Q1 25
0.8%
Q4 24
6.3%
Q3 24
7.6%
Q2 24
12.4%
Q1 24
5.8%
Operating Margin
ARR
ARR
ITP
ITP
Q4 25
Q3 25
-3.9%
Q2 25
-7.1%
Q1 25
-31.0%
Q4 24
-21.5%
Q3 24
-5.8%
Q2 24
2.1%
Q1 24
-51.0%
Net Margin
ARR
ARR
ITP
ITP
Q4 25
420.2%
Q3 25
413.5%
-5.7%
Q2 25
-228.4%
-7.9%
Q1 25
75.2%
-32.2%
Q4 24
-366.8%
-22.9%
Q3 24
-7.9%
Q2 24
-693.8%
-0.3%
Q1 24
-54.6%
EPS (diluted)
ARR
ARR
ITP
ITP
Q4 25
$2.43
Q3 25
$1.49
$-0.11
Q2 25
$-0.94
$-0.16
Q1 25
$0.32
$-0.35
Q4 24
$-0.91
$-0.40
Q3 24
$-0.20
Q2 24
$-1.05
$-0.01
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$63.3M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$2.3B
$152.0M
Total Assets
$21.0B
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
ITP
ITP
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q3 24
Q2 24
$126.6M
Q1 24
Total Debt
ARR
ARR
ITP
ITP
Q4 25
Q3 25
$4.7M
Q2 25
$4.7M
Q1 25
$4.7M
Q4 24
$4.7M
Q3 24
$8.9M
Q2 24
$11.3M
Q1 24
$11.4M
Stockholders' Equity
ARR
ARR
ITP
ITP
Q4 25
$2.3B
Q3 25
$2.1B
$152.0M
Q2 25
$1.7B
$152.3M
Q1 25
$1.7B
$152.8M
Q4 24
$1.4B
$156.1M
Q3 24
$164.3M
Q2 24
$1.2B
$163.5M
Q1 24
$164.3M
Total Assets
ARR
ARR
ITP
ITP
Q4 25
$21.0B
Q3 25
$19.4B
$175.7M
Q2 25
$16.2B
$175.2M
Q1 25
$15.5B
$175.2M
Q4 24
$13.5B
$177.5M
Q3 24
$190.0M
Q2 24
$10.1B
$191.4M
Q1 24
$177.5M
Debt / Equity
ARR
ARR
ITP
ITP
Q4 25
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.05×
Q2 24
0.07×
Q1 24
0.07×

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
ITP
ITP
Operating Cash FlowLast quarter
$124.2M
$1.5M
Free Cash FlowOCF − Capex
$1.5M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
ITP
ITP
Q4 25
$124.2M
Q3 25
$-37.8M
$1.5M
Q2 25
$25.0M
$1.4M
Q1 25
$101.5M
$-2.5M
Q4 24
$261.5M
$3.5M
Q3 24
$1.5M
Q2 24
$27.1M
$721.9K
Q1 24
$624.4K
Free Cash Flow
ARR
ARR
ITP
ITP
Q4 25
Q3 25
$1.5M
Q2 25
$1.3M
Q1 25
$-2.5M
Q4 24
$3.5M
Q3 24
$1.2M
Q2 24
$668.3K
Q1 24
$615.4K
FCF Margin
ARR
ARR
ITP
ITP
Q4 25
Q3 25
5.9%
Q2 25
5.4%
Q1 25
-22.8%
Q4 24
19.6%
Q3 24
4.9%
Q2 24
2.5%
Q1 24
9.0%
Capex Intensity
ARR
ARR
ITP
ITP
Q4 25
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Q1 24
0.1%
Cash Conversion
ARR
ARR
ITP
ITP
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.

Related Comparisons