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

Nayax Ltd. is the larger business by last-quarter revenue ($78.1M vs $50.4M, roughly 1.6× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -3.9%, a 424.1% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 39.0%).

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.

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

ARR vs NYAX — Head-to-Head

Bigger by revenue
NYAX
NYAX
1.6× larger
NYAX
$78.1M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+258.8% gap
ARR
297.9%
39.0%
NYAX
Higher net margin
ARR
ARR
424.1% more per $
ARR
420.2%
-3.9%
NYAX

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
ARR
ARR
NYAX
NYAX
Revenue
$50.4M
$78.1M
Net Profit
$211.7M
$-3.0M
Gross Margin
44.3%
Operating Margin
1.2%
Net Margin
420.2%
-3.9%
Revenue YoY
297.9%
39.0%
Net Profit YoY
555.9%
24.2%
EPS (diluted)
$2.43
$-0.08

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
NYAX
NYAX
Q4 25
$50.4M
Q3 25
$38.5M
Q2 25
$33.1M
Q1 25
$36.3M
Q4 24
$12.7M
Q2 24
$7.0M
$78.1M
Q2 23
$56.2M
Q1 23
$12.2M
Net Profit
ARR
ARR
NYAX
NYAX
Q4 25
$211.7M
Q3 25
$159.3M
Q2 25
$-75.6M
Q1 25
$27.3M
Q4 24
$-46.4M
Q2 24
$-48.4M
$-3.0M
Q2 23
$-4.0M
Q1 23
$-31.4M
Gross Margin
ARR
ARR
NYAX
NYAX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q2 24
44.3%
Q2 23
37.1%
Q1 23
Operating Margin
ARR
ARR
NYAX
NYAX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q2 24
1.2%
Q2 23
-6.6%
Q1 23
Net Margin
ARR
ARR
NYAX
NYAX
Q4 25
420.2%
Q3 25
413.5%
Q2 25
-228.4%
Q1 25
75.2%
Q4 24
-366.8%
Q2 24
-693.8%
-3.9%
Q2 23
-7.1%
Q1 23
-256.8%
EPS (diluted)
ARR
ARR
NYAX
NYAX
Q4 25
$2.43
Q3 25
$1.49
Q2 25
$-0.94
Q1 25
$0.32
Q4 24
$-0.91
Q2 24
$-1.05
$-0.08
Q2 23
$-0.12
Q1 23
$-0.95

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
NYAX
NYAX
Cash + ST InvestmentsLiquidity on hand
$63.3M
$61.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$158.7M
Total Assets
$21.0B
$434.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
NYAX
NYAX
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q2 24
$126.6M
$61.9M
Q2 23
$31.1M
Q1 23
Stockholders' Equity
ARR
ARR
NYAX
NYAX
Q4 25
$2.3B
Q3 25
$2.1B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.4B
Q2 24
$1.2B
$158.7M
Q2 23
$100.0M
Q1 23
$1.2B
Total Assets
ARR
ARR
NYAX
NYAX
Q4 25
$21.0B
Q3 25
$19.4B
Q2 25
$16.2B
Q1 25
$15.5B
Q4 24
$13.5B
Q2 24
$10.1B
$434.7M
Q2 23
$261.8M
Q1 23
$13.2B

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
NYAX
NYAX
Operating Cash FlowLast quarter
$124.2M
$9.2M
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
NYAX
NYAX
Q4 25
$124.2M
Q3 25
$-37.8M
Q2 25
$25.0M
Q1 25
$101.5M
Q4 24
$261.5M
Q2 24
$27.1M
$9.2M
Q2 23
$-1.7M
Q1 23
$54.2M
Cash Conversion
ARR
ARR
NYAX
NYAX
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q2 24
Q2 23
Q1 23

Financial Flow Comparison

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

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