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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and SolarMax Technology, Inc. (SMXT). 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 $46.6M, roughly 1.1× SolarMax Technology, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -1.9%, a 422.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 297.9%).

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.

SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.

ARR vs SMXT — Head-to-Head

Bigger by revenue
ARR
ARR
1.1× larger
ARR
$50.4M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+325.6% gap
SMXT
623.5%
297.9%
ARR
Higher net margin
ARR
ARR
422.1% more per $
ARR
420.2%
-1.9%
SMXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
SMXT
SMXT
Revenue
$50.4M
$46.6M
Net Profit
$211.7M
$-872.2K
Gross Margin
2.7%
Operating Margin
-2.7%
Net Margin
420.2%
-1.9%
Revenue YoY
297.9%
623.5%
Net Profit YoY
555.9%
77.7%
EPS (diluted)
$2.43
$-0.02

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
SMXT
SMXT
Q4 25
$50.4M
$46.6M
Q3 25
$38.5M
$30.6M
Q2 25
$33.1M
$6.9M
Q1 25
$36.3M
$6.9M
Q4 24
$12.7M
$6.4M
Q3 24
$6.3M
Q2 24
$7.0M
Q1 23
$12.2M
Net Profit
ARR
ARR
SMXT
SMXT
Q4 25
$211.7M
$-872.2K
Q3 25
$159.3M
$-2.3M
Q2 25
$-75.6M
$-1.9M
Q1 25
$27.3M
$-1.3M
Q4 24
$-46.4M
$-3.9M
Q3 24
$-9.6M
Q2 24
$-48.4M
Q1 23
$-31.4M
Gross Margin
ARR
ARR
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
19.9%
Q2 24
Q1 23
Operating Margin
ARR
ARR
SMXT
SMXT
Q4 25
-2.7%
Q3 25
-6.9%
Q2 25
-25.7%
Q1 25
-16.7%
Q4 24
-27.9%
Q3 24
-158.4%
Q2 24
Q1 23
Net Margin
ARR
ARR
SMXT
SMXT
Q4 25
420.2%
-1.9%
Q3 25
413.5%
-7.4%
Q2 25
-228.4%
-27.6%
Q1 25
75.2%
-18.7%
Q4 24
-366.8%
-60.6%
Q3 24
-152.0%
Q2 24
-693.8%
Q1 23
-256.8%
EPS (diluted)
ARR
ARR
SMXT
SMXT
Q4 25
$2.43
$-0.02
Q3 25
$1.49
$-0.04
Q2 25
$-0.94
$-0.04
Q1 25
$0.32
$-0.03
Q4 24
$-0.91
$-0.07
Q3 24
$-0.21
Q2 24
$-1.05
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
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$63.3M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$-12.2M
Total Assets
$21.0B
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
SMXT
SMXT
Q4 25
$63.3M
$8.0M
Q3 25
$44.2M
$5.7M
Q2 25
$141.2M
$1.9M
Q1 25
$49.1M
$6.8M
Q4 24
$68.0M
$7.1M
Q3 24
$8.6M
Q2 24
$126.6M
Q1 23
Stockholders' Equity
ARR
ARR
SMXT
SMXT
Q4 25
$2.3B
$-12.2M
Q3 25
$2.1B
$-11.8M
Q2 25
$1.7B
$-15.1M
Q1 25
$1.7B
$-15.9M
Q4 24
$1.4B
$-15.1M
Q3 24
$-10.9M
Q2 24
$1.2B
Q1 23
$1.2B
Total Assets
ARR
ARR
SMXT
SMXT
Q4 25
$21.0B
$91.3M
Q3 25
$19.4B
$58.7M
Q2 25
$16.2B
$38.2M
Q1 25
$15.5B
$38.6M
Q4 24
$13.5B
$38.6M
Q3 24
$43.0M
Q2 24
$10.1B
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
SMXT
SMXT
Operating Cash FlowLast quarter
$124.2M
$-2.5M
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
SMXT
SMXT
Q4 25
$124.2M
$-2.5M
Q3 25
$-37.8M
$3.4M
Q2 25
$25.0M
$220.7K
Q1 25
$101.5M
$-601.1K
Q4 24
$261.5M
$-1.3M
Q3 24
$203.6K
Q2 24
$27.1M
Q1 23
$54.2M
Capex Intensity
ARR
ARR
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 23
Cash Conversion
ARR
ARR
SMXT
SMXT
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q3 24
Q2 24
Q1 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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