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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Whitestone REIT (WSR). 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 $43.9M, roughly 1.1× Whitestone REIT). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 52.0%, a 368.2% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 7.5%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 8.7%).

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.

Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.

ARR vs WSR — Head-to-Head

Bigger by revenue
ARR
ARR
1.1× larger
ARR
$50.4M
$43.9M
WSR
Growing faster (revenue YoY)
ARR
ARR
+290.3% gap
ARR
297.9%
7.5%
WSR
Higher net margin
ARR
ARR
368.2% more per $
ARR
420.2%
52.0%
WSR
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
8.7%
WSR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
WSR
WSR
Revenue
$50.4M
$43.9M
Net Profit
$211.7M
$22.8M
Gross Margin
Operating Margin
53.0%
Net Margin
420.2%
52.0%
Revenue YoY
297.9%
7.5%
Net Profit YoY
555.9%
31.7%
EPS (diluted)
$2.43
$0.43

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
WSR
WSR
Q4 25
$50.4M
$43.9M
Q3 25
$38.5M
$41.0M
Q2 25
$33.1M
$37.9M
Q1 25
$36.3M
$38.0M
Q4 24
$12.7M
$40.8M
Q3 24
$38.6M
Q2 24
$7.0M
$37.6M
Q1 24
$37.2M
Net Profit
ARR
ARR
WSR
WSR
Q4 25
$211.7M
$22.8M
Q3 25
$159.3M
$18.3M
Q2 25
$-75.6M
$5.1M
Q1 25
$27.3M
$3.7M
Q4 24
$-46.4M
$17.3M
Q3 24
$7.6M
Q2 24
$-48.4M
$2.6M
Q1 24
$9.3M
Operating Margin
ARR
ARR
WSR
WSR
Q4 25
53.0%
Q3 25
45.5%
Q2 25
13.8%
Q1 25
10.2%
Q4 24
43.3%
Q3 24
20.3%
Q2 24
7.2%
Q1 24
25.9%
Net Margin
ARR
ARR
WSR
WSR
Q4 25
420.2%
52.0%
Q3 25
413.5%
44.7%
Q2 25
-228.4%
13.3%
Q1 25
75.2%
9.7%
Q4 24
-366.8%
42.5%
Q3 24
19.7%
Q2 24
-693.8%
6.9%
Q1 24
25.1%
EPS (diluted)
ARR
ARR
WSR
WSR
Q4 25
$2.43
$0.43
Q3 25
$1.49
$0.35
Q2 25
$-0.94
$0.10
Q1 25
$0.32
$0.07
Q4 24
$-0.91
$0.34
Q3 24
$0.15
Q2 24
$-1.05
$0.05
Q1 24
$0.18

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
WSR
WSR
Cash + ST InvestmentsLiquidity on hand
$63.3M
$4.9M
Total DebtLower is stronger
$649.4M
Stockholders' EquityBook value
$2.3B
$458.1M
Total Assets
$21.0B
$1.2B
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
WSR
WSR
Q4 25
$63.3M
$4.9M
Q3 25
$44.2M
$6.8M
Q2 25
$141.2M
$5.3M
Q1 25
$49.1M
$5.6M
Q4 24
$68.0M
$5.2M
Q3 24
$2.5M
Q2 24
$126.6M
$3.2M
Q1 24
$6.2M
Total Debt
ARR
ARR
WSR
WSR
Q4 25
$649.4M
Q3 25
Q2 25
Q1 25
Q4 24
$632.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARR
ARR
WSR
WSR
Q4 25
$2.3B
$458.1M
Q3 25
$2.1B
$439.5M
Q2 25
$1.7B
$427.5M
Q1 25
$1.7B
$431.0M
Q4 24
$1.4B
$438.2M
Q3 24
$419.5M
Q2 24
$1.2B
$418.3M
Q1 24
$421.6M
Total Assets
ARR
ARR
WSR
WSR
Q4 25
$21.0B
$1.2B
Q3 25
$19.4B
$1.1B
Q2 25
$16.2B
$1.2B
Q1 25
$15.5B
$1.1B
Q4 24
$13.5B
$1.1B
Q3 24
$1.1B
Q2 24
$10.1B
$1.1B
Q1 24
$1.1B
Debt / Equity
ARR
ARR
WSR
WSR
Q4 25
1.42×
Q3 25
Q2 25
Q1 25
Q4 24
1.44×
Q3 24
Q2 24
Q1 24

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
WSR
WSR
Operating Cash FlowLast quarter
$124.2M
$50.8M
Free Cash FlowOCF − Capex
$50.5M
FCF MarginFCF / Revenue
114.9%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.59×
2.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
WSR
WSR
Q4 25
$124.2M
$50.8M
Q3 25
$-37.8M
$18.0M
Q2 25
$25.0M
$13.8M
Q1 25
$101.5M
$3.1M
Q4 24
$261.5M
$58.2M
Q3 24
$16.4M
Q2 24
$27.1M
$12.3M
Q1 24
$11.5M
Free Cash Flow
ARR
ARR
WSR
WSR
Q4 25
$50.5M
Q3 25
Q2 25
Q1 25
Q4 24
$58.0M
Q3 24
Q2 24
Q1 24
FCF Margin
ARR
ARR
WSR
WSR
Q4 25
114.9%
Q3 25
Q2 25
Q1 25
Q4 24
142.1%
Q3 24
Q2 24
Q1 24
Capex Intensity
ARR
ARR
WSR
WSR
Q4 25
0.7%
Q3 25
Q2 25
Q1 25
Q4 24
0.5%
Q3 24
Q2 24
Q1 24
Cash Conversion
ARR
ARR
WSR
WSR
Q4 25
0.59×
2.22×
Q3 25
-0.24×
0.98×
Q2 25
2.74×
Q1 25
3.71×
0.83×
Q4 24
3.36×
Q3 24
2.15×
Q2 24
4.73×
Q1 24
1.23×

Financial Flow Comparison

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

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