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

MakeMyTrip Ltd is the larger business by last-quarter revenue ($88.6M vs $50.4M, roughly 1.8× Armour Residential REIT, Inc.). On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 11.8%).

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.

MakeMyTrip Limited is an Indian online travel company, headquartered in Gurgaon. Founded in 2000, it operates an online travel-booking platform for travel services such as airline tickets, hotel reservations, holiday packages, and rail and bus tickets. The company also maintains offices outside India, including locations in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, Dubai and Istanbul.

ARR vs MMYT — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.8× larger
MMYT
$88.6M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+286.1% gap
ARR
297.9%
11.8%
MMYT

Income Statement — Q4 FY2025 vs Q4 FY2022

Metric
ARR
ARR
MMYT
MMYT
Revenue
$50.4M
$88.6M
Net Profit
$211.7M
Gross Margin
Operating Margin
3.8%
Net Margin
420.2%
Revenue YoY
297.9%
11.8%
Net Profit YoY
555.9%
EPS (diluted)
$2.43

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.

Revenue
ARR
ARR
MMYT
MMYT
Q4 25
$50.4M
Q3 25
$38.5M
Q2 25
$33.1M
Q1 25
$36.3M
Q4 24
$12.7M
Q2 24
$7.0M
Q1 23
$12.2M
Q4 22
$11.6M
Net Profit
ARR
ARR
MMYT
MMYT
Q4 25
$211.7M
Q3 25
$159.3M
Q2 25
$-75.6M
Q1 25
$27.3M
Q4 24
$-46.4M
Q2 24
$-48.4M
Q1 23
$-31.4M
Q4 22
Net Margin
ARR
ARR
MMYT
MMYT
Q4 25
420.2%
Q3 25
413.5%
Q2 25
-228.4%
Q1 25
75.2%
Q4 24
-366.8%
Q2 24
-693.8%
Q1 23
-256.8%
Q4 22
EPS (diluted)
ARR
ARR
MMYT
MMYT
Q4 25
$2.43
Q3 25
$1.49
Q2 25
$-0.94
Q1 25
$0.32
Q4 24
$-0.91
Q2 24
$-1.05
Q1 23
$-0.95
Q4 22

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
MMYT
MMYT
Cash + ST InvestmentsLiquidity on hand
$63.3M
$213.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$896.5M
Total Assets
$21.0B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
MMYT
MMYT
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q2 24
$126.6M
Q1 23
Q4 22
$87.3M
Stockholders' Equity
ARR
ARR
MMYT
MMYT
Q4 25
$2.3B
Q3 25
$2.1B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.4B
Q2 24
$1.2B
Q1 23
$1.2B
Q4 22
$1.1B
Total Assets
ARR
ARR
MMYT
MMYT
Q4 25
$21.0B
Q3 25
$19.4B
Q2 25
$16.2B
Q1 25
$15.5B
Q4 24
$13.5B
Q2 24
$10.1B
Q1 23
$13.2B
Q4 22
$9.4B

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
MMYT
MMYT
Operating Cash FlowLast quarter
$124.2M
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.

Operating Cash Flow
ARR
ARR
MMYT
MMYT
Q4 25
$124.2M
Q3 25
$-37.8M
Q2 25
$25.0M
Q1 25
$101.5M
Q4 24
$261.5M
Q2 24
$27.1M
Q1 23
$54.2M
Q4 22
$124.1M
Cash Conversion
ARR
ARR
MMYT
MMYT
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q2 24
Q1 23
Q4 22

Financial Flow Comparison

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

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