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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Intuitive Machines, Inc. (LUNR). 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 $43.3M, roughly 1.2× Intuitive Machines, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -92.1%, a 512.3% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -20.8%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -23.1%).

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.

Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas. It was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. Today the company offers lunar surface access for transportation and payload delivery, data transmission services, and infrastructure-as-a-service. Intuitive Machines holds three NASA contracts under the space agency's Commercial Lunar Payload Services (CLPS) in...

ARR vs LUNR — Head-to-Head

Bigger by revenue
ARR
ARR
1.2× larger
ARR
$50.4M
$43.3M
LUNR
Growing faster (revenue YoY)
ARR
ARR
+318.7% gap
ARR
297.9%
-20.8%
LUNR
Higher net margin
ARR
ARR
512.3% more per $
ARR
420.2%
-92.1%
LUNR
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-23.1%
LUNR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
LUNR
LUNR
Revenue
$50.4M
$43.3M
Net Profit
$211.7M
$-39.9M
Gross Margin
Operating Margin
-76.4%
Net Margin
420.2%
-92.1%
Revenue YoY
297.9%
-20.8%
Net Profit YoY
555.9%
73.3%
EPS (diluted)
$2.43
$-0.34

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
LUNR
LUNR
Q4 25
$50.4M
$43.3M
Q3 25
$38.5M
$51.0M
Q2 25
$33.1M
$50.3M
Q1 25
$36.3M
$62.5M
Q4 24
$12.7M
$54.7M
Q3 24
$58.5M
Q2 24
$7.0M
$41.6M
Q1 24
$73.2M
Net Profit
ARR
ARR
LUNR
LUNR
Q4 25
$211.7M
$-39.9M
Q3 25
$159.3M
$-6.8M
Q2 25
$-75.6M
$-25.2M
Q1 25
$27.3M
$-11.4M
Q4 24
$-46.4M
$-149.2M
Q3 24
$-55.4M
Q2 24
$-48.4M
$18.7M
Q1 24
$-97.5M
Operating Margin
ARR
ARR
LUNR
LUNR
Q4 25
-76.4%
Q3 25
-30.2%
Q2 25
-56.9%
Q1 25
-16.1%
Q4 24
-24.5%
Q3 24
-23.5%
Q2 24
-66.0%
Q1 24
-3.8%
Net Margin
ARR
ARR
LUNR
LUNR
Q4 25
420.2%
-92.1%
Q3 25
413.5%
-13.4%
Q2 25
-228.4%
-50.0%
Q1 25
75.2%
-18.2%
Q4 24
-366.8%
-272.9%
Q3 24
-94.7%
Q2 24
-693.8%
44.8%
Q1 24
-133.1%
EPS (diluted)
ARR
ARR
LUNR
LUNR
Q4 25
$2.43
$-0.34
Q3 25
$1.49
$-0.06
Q2 25
$-0.94
$-0.22
Q1 25
$0.32
$-0.11
Q4 24
$-0.91
$-1.42
Q3 24
$-0.83
Q2 24
$-1.05
$0.30
Q1 24
$-2.68

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
LUNR
LUNR
Cash + ST InvestmentsLiquidity on hand
$63.3M
$582.6M
Total DebtLower is stronger
$335.3M
Stockholders' EquityBook value
$2.3B
$-755.0M
Total Assets
$21.0B
$757.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
LUNR
LUNR
Q4 25
$63.3M
$582.6M
Q3 25
$44.2M
$622.0M
Q2 25
$141.2M
$344.9M
Q1 25
$49.1M
$373.3M
Q4 24
$68.0M
$207.6M
Q3 24
$89.6M
Q2 24
$126.6M
$31.6M
Q1 24
$55.2M
Total Debt
ARR
ARR
LUNR
LUNR
Q4 25
$335.3M
Q3 25
$334.8M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARR
ARR
LUNR
LUNR
Q4 25
$2.3B
$-755.0M
Q3 25
$2.1B
$-404.2M
Q2 25
$1.7B
$-381.2M
Q1 25
$1.7B
$-136.9M
Q4 24
$1.4B
$-1.0B
Q3 24
$-496.8M
Q2 24
$1.2B
$-235.0M
Q1 24
$-493.6M
Total Assets
ARR
ARR
LUNR
LUNR
Q4 25
$21.0B
$757.2M
Q3 25
$19.4B
$753.5M
Q2 25
$16.2B
$475.6M
Q1 25
$15.5B
$500.0M
Q4 24
$13.5B
$355.4M
Q3 24
$224.8M
Q2 24
$10.1B
$140.1M
Q1 24
$170.8M

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
LUNR
LUNR
Operating Cash FlowLast quarter
$124.2M
$-7.3M
Free Cash FlowOCF − Capex
$-22.9M
FCF MarginFCF / Revenue
-53.0%
Capex IntensityCapex / Revenue
36.1%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-56.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
LUNR
LUNR
Q4 25
$124.2M
$-7.3M
Q3 25
$-37.8M
$-7.2M
Q2 25
$25.0M
$-19.3M
Q1 25
$101.5M
$19.4M
Q4 24
$261.5M
$-2.0M
Q3 24
$-17.9M
Q2 24
$27.1M
$-31.3M
Q1 24
$-6.4M
Free Cash Flow
ARR
ARR
LUNR
LUNR
Q4 25
$-22.9M
Q3 25
$-19.0M
Q2 25
$-27.3M
Q1 25
$13.3M
Q4 24
$-6.9M
Q3 24
$-19.3M
Q2 24
$-33.5M
Q1 24
$-8.0M
FCF Margin
ARR
ARR
LUNR
LUNR
Q4 25
-53.0%
Q3 25
-37.2%
Q2 25
-54.3%
Q1 25
21.3%
Q4 24
-12.6%
Q3 24
-33.0%
Q2 24
-80.4%
Q1 24
-11.0%
Capex Intensity
ARR
ARR
LUNR
LUNR
Q4 25
36.1%
Q3 25
23.2%
Q2 25
16.0%
Q1 25
9.8%
Q4 24
9.0%
Q3 24
2.4%
Q2 24
5.3%
Q1 24
2.2%
Cash Conversion
ARR
ARR
LUNR
LUNR
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
-1.67×
Q1 24

Financial Flow Comparison

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

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