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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Reservoir Media, Inc. (RSVR). 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 $45.6M, roughly 1.1× Reservoir Media, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 4.8%, a 415.4% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 7.7%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 7.9%).

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.

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

ARR vs RSVR — Head-to-Head

Bigger by revenue
ARR
ARR
1.1× larger
ARR
$50.4M
$45.6M
RSVR
Growing faster (revenue YoY)
ARR
ARR
+290.2% gap
ARR
297.9%
7.7%
RSVR
Higher net margin
ARR
ARR
415.4% more per $
ARR
420.2%
4.8%
RSVR
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
7.9%
RSVR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARR
ARR
RSVR
RSVR
Revenue
$50.4M
$45.6M
Net Profit
$211.7M
$2.2M
Gross Margin
64.5%
Operating Margin
22.7%
Net Margin
420.2%
4.8%
Revenue YoY
297.9%
7.7%
Net Profit YoY
555.9%
-58.1%
EPS (diluted)
$2.43
$0.03

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
RSVR
RSVR
Q4 25
$50.4M
$45.6M
Q3 25
$38.5M
$45.4M
Q2 25
$33.1M
$37.2M
Q1 25
$36.3M
$41.4M
Q4 24
$12.7M
$42.3M
Q3 24
$40.7M
Q2 24
$7.0M
$34.3M
Q1 24
$39.1M
Net Profit
ARR
ARR
RSVR
RSVR
Q4 25
$211.7M
$2.2M
Q3 25
$159.3M
$2.3M
Q2 25
$-75.6M
$-555.7K
Q1 25
$27.3M
$2.7M
Q4 24
$-46.4M
$5.2M
Q3 24
$185.0K
Q2 24
$-48.4M
$-346.7K
Q1 24
$2.8M
Gross Margin
ARR
ARR
RSVR
RSVR
Q4 25
64.5%
Q3 25
63.6%
Q2 25
64.5%
Q1 25
65.6%
Q4 24
64.4%
Q3 24
63.5%
Q2 24
61.3%
Q1 24
63.4%
Operating Margin
ARR
ARR
RSVR
RSVR
Q4 25
22.7%
Q3 25
23.5%
Q2 25
14.7%
Q1 25
25.2%
Q4 24
22.6%
Q3 24
24.9%
Q2 24
14.5%
Q1 24
22.4%
Net Margin
ARR
ARR
RSVR
RSVR
Q4 25
420.2%
4.8%
Q3 25
413.5%
5.0%
Q2 25
-228.4%
-1.5%
Q1 25
75.2%
6.4%
Q4 24
-366.8%
12.4%
Q3 24
0.5%
Q2 24
-693.8%
-1.0%
Q1 24
7.1%
EPS (diluted)
ARR
ARR
RSVR
RSVR
Q4 25
$2.43
$0.03
Q3 25
$1.49
$0.03
Q2 25
$-0.94
$-0.01
Q1 25
$0.32
Q4 24
$-0.91
$0.08
Q3 24
Q2 24
$-1.05
$-0.01
Q1 24

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
RSVR
RSVR
Cash + ST InvestmentsLiquidity on hand
$63.3M
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$373.6M
Total Assets
$21.0B
$941.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
RSVR
RSVR
Q4 25
$63.3M
$20.6M
Q3 25
$44.2M
$27.9M
Q2 25
$141.2M
$14.9M
Q1 25
$49.1M
$21.4M
Q4 24
$68.0M
$17.8M
Q3 24
$21.1M
Q2 24
$126.6M
$16.4M
Q1 24
$18.1M
Stockholders' Equity
ARR
ARR
RSVR
RSVR
Q4 25
$2.3B
$373.6M
Q3 25
$2.1B
$370.9M
Q2 25
$1.7B
$368.9M
Q1 25
$1.7B
$364.9M
Q4 24
$1.4B
$359.5M
Q3 24
$357.9M
Q2 24
$1.2B
$353.0M
Q1 24
$353.0M
Total Assets
ARR
ARR
RSVR
RSVR
Q4 25
$21.0B
$941.9M
Q3 25
$19.4B
$903.5M
Q2 25
$16.2B
$857.0M
Q1 25
$15.5B
$865.1M
Q4 24
$13.5B
$832.4M
Q3 24
$778.2M
Q2 24
$10.1B
$768.2M
Q1 24
$783.5M

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
RSVR
RSVR
Operating Cash FlowLast quarter
$124.2M
$12.9M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.59×
5.89×
TTM Free Cash FlowTrailing 4 quarters
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
RSVR
RSVR
Q4 25
$124.2M
$12.9M
Q3 25
$-37.8M
$19.3M
Q2 25
$25.0M
$6.0M
Q1 25
$101.5M
$12.2M
Q4 24
$261.5M
$11.2M
Q3 24
$13.3M
Q2 24
$27.1M
$8.6M
Q1 24
$13.8M
Free Cash Flow
ARR
ARR
RSVR
RSVR
Q4 25
$12.8M
Q3 25
$19.2M
Q2 25
$6.0M
Q1 25
$12.2M
Q4 24
$11.2M
Q3 24
$13.3M
Q2 24
$8.5M
Q1 24
$13.8M
FCF Margin
ARR
ARR
RSVR
RSVR
Q4 25
28.1%
Q3 25
42.2%
Q2 25
16.1%
Q1 25
29.3%
Q4 24
26.5%
Q3 24
32.7%
Q2 24
24.9%
Q1 24
35.2%
Capex Intensity
ARR
ARR
RSVR
RSVR
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
ARR
ARR
RSVR
RSVR
Q4 25
0.59×
5.89×
Q3 25
-0.24×
8.54×
Q2 25
Q1 25
3.71×
4.56×
Q4 24
2.14×
Q3 24
71.97×
Q2 24
Q1 24
4.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

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