vs

Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and VIRCO MFG CORPORATION (VIRC). 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 $47.6M, roughly 1.1× VIRCO MFG CORPORATION). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -2.8%, a 423.0% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -42.3%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 5.7%).

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.

The Virco Manufacturing Corporation, more commonly known as Virco, is an American furniture manufacturer based in Torrance, California which focuses on providing products for educational markets. The principal products of the company include student desks and activity tables, school and office seating, computer stations, lightweight folding tables, and upholstered chairs.

ARR vs VIRC — Head-to-Head

Bigger by revenue
ARR
ARR
1.1× larger
ARR
$50.4M
$47.6M
VIRC
Growing faster (revenue YoY)
ARR
ARR
+340.2% gap
ARR
297.9%
-42.3%
VIRC
Higher net margin
ARR
ARR
423.0% more per $
ARR
420.2%
-2.8%
VIRC
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
5.7%
VIRC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARR
ARR
VIRC
VIRC
Revenue
$50.4M
$47.6M
Net Profit
$211.7M
$-1.3M
Gross Margin
38.0%
Operating Margin
-3.6%
Net Margin
420.2%
-2.8%
Revenue YoY
297.9%
-42.3%
Net Profit YoY
555.9%
-115.8%
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
VIRC
VIRC
Q4 25
$50.4M
$47.6M
Q3 25
$38.5M
$92.1M
Q2 25
$33.1M
$33.8M
Q1 25
$36.3M
$28.5M
Q4 24
$12.7M
$82.6M
Q3 24
$108.4M
Q2 24
$7.0M
$46.7M
Q1 24
$42.6M
Net Profit
ARR
ARR
VIRC
VIRC
Q4 25
$211.7M
$-1.3M
Q3 25
$159.3M
$10.2M
Q2 25
$-75.6M
$732.0K
Q1 25
$27.3M
$-5.7M
Q4 24
$-46.4M
$8.4M
Q3 24
$16.8M
Q2 24
$-48.4M
$2.1M
Q1 24
$-2.3M
Gross Margin
ARR
ARR
VIRC
VIRC
Q4 25
38.0%
Q3 25
44.4%
Q2 25
47.5%
Q1 25
26.2%
Q4 24
44.4%
Q3 24
46.3%
Q2 24
43.5%
Q1 24
37.7%
Operating Margin
ARR
ARR
VIRC
VIRC
Q4 25
-3.6%
Q3 25
16.7%
Q2 25
-0.3%
Q1 25
-28.5%
Q4 24
13.5%
Q3 24
20.2%
Q2 24
6.4%
Q1 24
-6.5%
Net Margin
ARR
ARR
VIRC
VIRC
Q4 25
420.2%
-2.8%
Q3 25
413.5%
11.1%
Q2 25
-228.4%
2.2%
Q1 25
75.2%
-20.1%
Q4 24
-366.8%
10.2%
Q3 24
15.5%
Q2 24
-693.8%
4.6%
Q1 24
-5.5%
EPS (diluted)
ARR
ARR
VIRC
VIRC
Q4 25
$2.43
$-0.08
Q3 25
$1.49
$0.65
Q2 25
$-0.94
$0.05
Q1 25
$0.32
$-0.37
Q4 24
$-0.91
$0.52
Q3 24
$1.04
Q2 24
$-1.05
$0.13
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
VIRC
VIRC
Cash + ST InvestmentsLiquidity on hand
$63.3M
Total DebtLower is stronger
$3.9M
Stockholders' EquityBook value
$2.3B
$113.6M
Total Assets
$21.0B
$181.5M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
VIRC
VIRC
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q3 24
Q2 24
$126.6M
Q1 24
$5.3M
Total Debt
ARR
ARR
VIRC
VIRC
Q4 25
$3.9M
Q3 25
$4.0M
Q2 25
$4.1M
Q1 25
$4.1M
Q4 24
$4.2M
Q3 24
$4.3M
Q2 24
$7.0M
Q1 24
$4.4M
Stockholders' Equity
ARR
ARR
VIRC
VIRC
Q4 25
$2.3B
$113.6M
Q3 25
$2.1B
$115.4M
Q2 25
$1.7B
$105.6M
Q1 25
$1.7B
$109.3M
Q4 24
$1.4B
$115.9M
Q3 24
$107.8M
Q2 24
$1.2B
$91.6M
Q1 24
$91.2M
Total Assets
ARR
ARR
VIRC
VIRC
Q4 25
$21.0B
$181.5M
Q3 25
$19.4B
$198.6M
Q2 25
$16.2B
$183.8M
Q1 25
$15.5B
$191.9M
Q4 24
$13.5B
$210.1M
Q3 24
$216.3M
Q2 24
$10.1B
$152.5M
Q1 24
$146.4M
Debt / Equity
ARR
ARR
VIRC
VIRC
Q4 25
0.03×
Q3 25
0.03×
Q2 25
0.04×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.08×
Q1 24
0.05×

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
VIRC
VIRC
Operating Cash FlowLast quarter
$124.2M
$25.8M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
51.5%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
VIRC
VIRC
Q4 25
$124.2M
$25.8M
Q3 25
$-37.8M
$3.2M
Q2 25
$25.0M
$-19.0M
Q1 25
$101.5M
$-8.3M
Q4 24
$261.5M
$33.5M
Q3 24
$12.5M
Q2 24
$27.1M
$-4.5M
Q1 24
$4.7M
Free Cash Flow
ARR
ARR
VIRC
VIRC
Q4 25
$24.5M
Q3 25
$1.8M
Q2 25
$-21.5M
Q1 25
$-9.2M
Q4 24
$31.0M
Q3 24
$10.7M
Q2 24
$-5.6M
Q1 24
$4.0M
FCF Margin
ARR
ARR
VIRC
VIRC
Q4 25
51.5%
Q3 25
2.0%
Q2 25
-63.6%
Q1 25
-32.4%
Q4 24
37.5%
Q3 24
9.8%
Q2 24
-12.0%
Q1 24
9.5%
Capex Intensity
ARR
ARR
VIRC
VIRC
Q4 25
2.7%
Q3 25
1.5%
Q2 25
7.2%
Q1 25
3.3%
Q4 24
3.0%
Q3 24
1.7%
Q2 24
2.3%
Q1 24
1.5%
Cash Conversion
ARR
ARR
VIRC
VIRC
Q4 25
0.59×
Q3 25
-0.24×
0.31×
Q2 25
-26.00×
Q1 25
3.71×
Q4 24
3.98×
Q3 24
0.74×
Q2 24
-2.11×
Q1 24

Financial Flow Comparison

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

Related Comparisons