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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $50.4M, roughly 1.7× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 1.4%, a 418.9% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -5.8%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 1.8%).
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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
ARR vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $86.0M |
| Net Profit | $211.7M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | — | -3.1% |
| Net Margin | 420.2% | 1.4% |
| Revenue YoY | 297.9% | -5.8% |
| Net Profit YoY | 555.9% | -68.5% |
| 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.
| Q4 25 | $50.4M | $86.0M | ||
| Q3 25 | $38.5M | $92.8M | ||
| Q2 25 | $33.1M | $85.8M | ||
| Q1 25 | $36.3M | $65.6M | ||
| Q4 24 | $12.7M | $91.4M | ||
| Q3 24 | — | $63.2M | ||
| Q2 24 | $7.0M | $73.8M | ||
| Q1 24 | — | $83.1M |
| Q4 25 | $211.7M | $1.2M | ||
| Q3 25 | $159.3M | $3.0M | ||
| Q2 25 | $-75.6M | $21.4M | ||
| Q1 25 | $27.3M | $-24.2M | ||
| Q4 24 | $-46.4M | $3.7M | ||
| Q3 24 | — | $-98.0K | ||
| Q2 24 | $-48.4M | $-430.0K | ||
| Q1 24 | — | $-216.0K |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -10.8% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | -7.8% | ||
| Q2 24 | — | 4.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 420.2% | 1.4% | ||
| Q3 25 | 413.5% | 3.2% | ||
| Q2 25 | -228.4% | 24.9% | ||
| Q1 25 | 75.2% | -37.0% | ||
| Q4 24 | -366.8% | 4.1% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | -693.8% | -0.6% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | $2.43 | $0.03 | ||
| Q3 25 | $1.49 | $0.08 | ||
| Q2 25 | $-0.94 | $0.54 | ||
| Q1 25 | $0.32 | $-0.62 | ||
| Q4 24 | $-0.91 | $0.10 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | $-1.05 | $-0.01 | ||
| Q1 24 | — | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.3M | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $2.3B | $239.7M |
| Total Assets | $21.0B | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $22.6M | ||
| Q3 25 | $44.2M | $5.1M | ||
| Q2 25 | $141.2M | $4.3M | ||
| Q1 25 | $49.1M | $5.1M | ||
| Q4 24 | $68.0M | $1.6M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | $126.6M | $6.3M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $2.3B | $239.7M | ||
| Q3 25 | $2.1B | $239.9M | ||
| Q2 25 | $1.7B | $240.5M | ||
| Q1 25 | $1.7B | $219.9M | ||
| Q4 24 | $1.4B | $243.8M | ||
| Q3 24 | — | $243.6M | ||
| Q2 24 | $1.2B | $242.9M | ||
| Q1 24 | — | $242.5M |
| Q4 25 | $21.0B | $340.0M | ||
| Q3 25 | $19.4B | $343.1M | ||
| Q2 25 | $16.2B | $345.8M | ||
| Q1 25 | $15.5B | $326.9M | ||
| Q4 24 | $13.5B | $341.5M | ||
| Q3 24 | — | $335.8M | ||
| Q2 24 | $10.1B | $341.8M | ||
| Q1 24 | — | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $124.2M | $22.4M |
| Free Cash FlowOCF − Capex | — | $20.4M |
| FCF MarginFCF / Revenue | — | 23.7% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.59× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | $22.4M | ||
| Q3 25 | $-37.8M | $18.2M | ||
| Q2 25 | $25.0M | $-5.1M | ||
| Q1 25 | $101.5M | $8.7M | ||
| Q4 24 | $261.5M | $1.0M | ||
| Q3 24 | — | $5.8M | ||
| Q2 24 | $27.1M | $14.9M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | — | $20.4M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | — | $-840.0K | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | — | $13.5M | ||
| Q1 24 | — | $-5.5M |
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | -9.1% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 18.3% | ||
| Q1 24 | — | -6.6% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 0.59× | 18.99× | ||
| Q3 25 | -0.24× | 6.05× | ||
| Q2 25 | — | -0.24× | ||
| Q1 25 | 3.71× | — | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARR
Segment breakdown not available.
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
