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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.
MFA FINANCIAL, INC. is the larger business by last-quarter revenue ($55.5M vs $50.4M, roughly 1.1× Armour Residential REIT, Inc.). On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 9.2%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 7.7%).
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.
MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.
ARR vs MFA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $55.5M |
| Net Profit | $211.7M | — |
| Gross Margin | — | — |
| Operating Margin | — | 97.9% |
| Net Margin | 420.2% | — |
| Revenue YoY | 297.9% | 9.2% |
| Net Profit YoY | 555.9% | — |
| EPS (diluted) | $2.43 | $0.43 |
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 | $55.5M | ||
| Q3 25 | $38.5M | $56.8M | ||
| Q2 25 | $33.1M | $61.3M | ||
| Q1 25 | $36.3M | $57.5M | ||
| Q4 24 | $12.7M | $50.8M | ||
| Q3 24 | — | $50.6M | ||
| Q2 24 | $7.0M | $53.5M | ||
| Q1 24 | — | $47.8M |
| Q4 25 | $211.7M | — | ||
| Q3 25 | $159.3M | $48.1M | ||
| Q2 25 | $-75.6M | $33.2M | ||
| Q1 25 | $27.3M | $41.2M | ||
| Q4 24 | $-46.4M | — | ||
| Q3 24 | — | $48.2M | ||
| Q2 24 | $-48.4M | $41.9M | ||
| Q1 24 | — | $23.2M |
| Q4 25 | — | 97.9% | ||
| Q3 25 | — | 84.5% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 70.0% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 98.2% | ||
| Q2 24 | — | 79.1% | ||
| Q1 24 | — | 50.7% |
| Q4 25 | 420.2% | — | ||
| Q3 25 | 413.5% | 84.7% | ||
| Q2 25 | -228.4% | 54.2% | ||
| Q1 25 | 75.2% | 71.6% | ||
| Q4 24 | -366.8% | — | ||
| Q3 24 | — | 95.2% | ||
| Q2 24 | -693.8% | 78.4% | ||
| Q1 24 | — | 48.5% |
| Q4 25 | $2.43 | $0.43 | ||
| Q3 25 | $1.49 | $0.35 | ||
| Q2 25 | $-0.94 | $0.21 | ||
| Q1 25 | $0.32 | $0.31 | ||
| Q4 24 | $-0.91 | $-0.01 | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | $-1.05 | $0.32 | ||
| Q1 24 | — | $0.14 |
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 | $213.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $1.8B |
| Total Assets | $21.0B | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $213.2M | ||
| Q3 25 | $44.2M | $305.2M | ||
| Q2 25 | $141.2M | $275.7M | ||
| Q1 25 | $49.1M | $253.7M | ||
| Q4 24 | $68.0M | $338.9M | ||
| Q3 24 | — | $305.6M | ||
| Q2 24 | $126.6M | $289.4M | ||
| Q1 24 | — | $306.3M |
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | $21.0B | $13.0B | ||
| Q3 25 | $19.4B | $12.1B | ||
| Q2 25 | $16.2B | $11.7B | ||
| Q1 25 | $15.5B | $11.5B | ||
| Q4 24 | $13.5B | $11.4B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | $10.1B | $11.1B | ||
| Q1 24 | — | $10.9B |
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 | $76.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | $76.2M | ||
| Q3 25 | $-37.8M | $14.7M | ||
| Q2 25 | $25.0M | $38.5M | ||
| Q1 25 | $101.5M | $-14.6M | ||
| Q4 24 | $261.5M | $200.1M | ||
| Q3 24 | — | $-11.3M | ||
| Q2 24 | $27.1M | $46.5M | ||
| Q1 24 | — | $53.5M |
| Q4 25 | 0.59× | — | ||
| Q3 25 | -0.24× | 0.31× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 3.71× | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.23× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | 2.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
