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

McEwen Inc. is the larger business by last-quarter revenue ($64.6M vs $50.4M, roughly 1.3× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 59.0%, a 361.3% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 92.8%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 25.2%).

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.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

ARR vs MUX — Head-to-Head

Bigger by revenue
MUX
MUX
1.3× larger
MUX
$64.6M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+205.1% gap
ARR
297.9%
92.8%
MUX
Higher net margin
ARR
ARR
361.3% more per $
ARR
420.2%
59.0%
MUX
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
25.2%
MUX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
MUX
MUX
Revenue
$50.4M
$64.6M
Net Profit
$211.7M
$38.1M
Gross Margin
26.9%
Operating Margin
34.2%
Net Margin
420.2%
59.0%
Revenue YoY
297.9%
92.8%
Net Profit YoY
555.9%
563.1%
EPS (diluted)
$2.43
$0.66

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
MUX
MUX
Q4 25
$50.4M
$64.6M
Q3 25
$38.5M
$50.5M
Q2 25
$33.1M
$46.7M
Q1 25
$36.3M
$35.7M
Q4 24
$12.7M
$33.5M
Q3 24
$52.3M
Q2 24
$7.0M
$47.5M
Q1 24
$41.2M
Net Profit
ARR
ARR
MUX
MUX
Q4 25
$211.7M
$38.1M
Q3 25
$159.3M
$-462.0K
Q2 25
$-75.6M
$3.0M
Q1 25
$27.3M
$-6.3M
Q4 24
$-46.4M
$-8.2M
Q3 24
$-2.1M
Q2 24
$-48.4M
$-13.0M
Q1 24
$-20.4M
Gross Margin
ARR
ARR
MUX
MUX
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
ARR
ARR
MUX
MUX
Q4 25
34.2%
Q3 25
-16.7%
Q2 25
-7.2%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
-29.4%
Q1 24
-53.3%
Net Margin
ARR
ARR
MUX
MUX
Q4 25
420.2%
59.0%
Q3 25
413.5%
-0.9%
Q2 25
-228.4%
6.5%
Q1 25
75.2%
-17.6%
Q4 24
-366.8%
-24.6%
Q3 24
-4.0%
Q2 24
-693.8%
-27.4%
Q1 24
-49.4%
EPS (diluted)
ARR
ARR
MUX
MUX
Q4 25
$2.43
$0.66
Q3 25
$1.49
$-0.01
Q2 25
$-0.94
$0.06
Q1 25
$0.32
$-0.12
Q4 24
$-0.91
$-0.15
Q3 24
$-0.04
Q2 24
$-1.05
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$63.3M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$2.3B
$546.2M
Total Assets
$21.0B
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
MUX
MUX
Q4 25
$63.3M
$72.1M
Q3 25
$44.2M
$75.4M
Q2 25
$141.2M
$69.5M
Q1 25
$49.1M
$79.3M
Q4 24
$68.0M
$15.3M
Q3 24
$30.2M
Q2 24
$126.6M
$42.6M
Q1 24
$22.0M
Total Debt
ARR
ARR
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
ARR
ARR
MUX
MUX
Q4 25
$2.3B
$546.2M
Q3 25
$2.1B
$488.6M
Q2 25
$1.7B
$484.5M
Q1 25
$1.7B
$479.8M
Q4 24
$1.4B
$495.0M
Q3 24
$502.1M
Q2 24
$1.2B
$485.2M
Q1 24
$482.5M
Total Assets
ARR
ARR
MUX
MUX
Q4 25
$21.0B
$820.2M
Q3 25
$19.4B
$747.6M
Q2 25
$16.2B
$735.6M
Q1 25
$15.5B
$730.6M
Q4 24
$13.5B
$664.6M
Q3 24
$667.8M
Q2 24
$10.1B
$645.1M
Q1 24
$638.7M
Debt / Equity
ARR
ARR
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

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
MUX
MUX
Operating Cash FlowLast quarter
$124.2M
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.59×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
MUX
MUX
Q4 25
$124.2M
$3.1M
Q3 25
$-37.8M
$5.2M
Q2 25
$25.0M
$478.0K
Q1 25
$101.5M
$-1.9M
Q4 24
$261.5M
$-1.2M
Q3 24
$23.2M
Q2 24
$27.1M
$3.6M
Q1 24
$3.9M
Cash Conversion
ARR
ARR
MUX
MUX
Q4 25
0.59×
0.08×
Q3 25
-0.24×
Q2 25
0.16×
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.

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