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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and X4 Pharmaceuticals, Inc (XFOR). 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 $28.8M, roughly 1.7× X4 Pharmaceuticals, Inc). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 1.0%, a 419.3% gap on every dollar of revenue.

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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

ARR vs XFOR — Head-to-Head

Bigger by revenue
ARR
ARR
1.7× larger
ARR
$50.4M
$28.8M
XFOR
Higher net margin
ARR
ARR
419.3% more per $
ARR
420.2%
1.0%
XFOR

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
ARR
ARR
XFOR
XFOR
Revenue
$50.4M
$28.8M
Net Profit
$211.7M
$282.0K
Gross Margin
83.6%
Operating Margin
-32.8%
Net Margin
420.2%
1.0%
Revenue YoY
297.9%
Net Profit YoY
555.9%
100.5%
EPS (diluted)
$2.43
$0.04

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
XFOR
XFOR
Q4 25
$50.4M
Q3 25
$38.5M
Q2 25
$33.1M
Q1 25
$36.3M
$28.8M
Q4 24
$12.7M
Q2 24
$7.0M
Q1 24
$0
Q3 23
$0
Net Profit
ARR
ARR
XFOR
XFOR
Q4 25
$211.7M
Q3 25
$159.3M
Q2 25
$-75.6M
Q1 25
$27.3M
$282.0K
Q4 24
$-46.4M
Q2 24
$-48.4M
Q1 24
$-51.8M
Q3 23
$-2.3M
Gross Margin
ARR
ARR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q2 24
Q1 24
Q3 23
Operating Margin
ARR
ARR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
-32.8%
Q4 24
Q2 24
Q1 24
Q3 23
Net Margin
ARR
ARR
XFOR
XFOR
Q4 25
420.2%
Q3 25
413.5%
Q2 25
-228.4%
Q1 25
75.2%
1.0%
Q4 24
-366.8%
Q2 24
-693.8%
Q1 24
Q3 23
EPS (diluted)
ARR
ARR
XFOR
XFOR
Q4 25
$2.43
Q3 25
$1.49
Q2 25
$-0.94
Q1 25
$0.32
$0.04
Q4 24
$-0.91
Q2 24
$-1.05
Q1 24
$-7.77
Q3 23
$-0.01

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$63.3M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$2.3B
$22.9M
Total Assets
$21.0B
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
XFOR
XFOR
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
$40.3M
Q4 24
$68.0M
Q2 24
$126.6M
Q1 24
$60.5M
Q3 23
$131.6M
Total Debt
ARR
ARR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
$75.0M
Q4 24
Q2 24
Q1 24
$55.0M
Q3 23
$55.0M
Stockholders' Equity
ARR
ARR
XFOR
XFOR
Q4 25
$2.3B
Q3 25
$2.1B
Q2 25
$1.7B
Q1 25
$1.7B
$22.9M
Q4 24
$1.4B
Q2 24
$1.2B
Q1 24
$1.0M
Q3 23
$67.6M
Total Assets
ARR
ARR
XFOR
XFOR
Q4 25
$21.0B
Q3 25
$19.4B
Q2 25
$16.2B
Q1 25
$15.5B
$130.0M
Q4 24
$13.5B
Q2 24
$10.1B
Q1 24
$112.2M
Q3 23
$173.3M
Debt / Equity
ARR
ARR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
3.27×
Q4 24
Q2 24
Q1 24
53.09×
Q3 23
0.81×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$124.2M
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.59×
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
XFOR
XFOR
Q4 25
$124.2M
Q3 25
$-37.8M
Q2 25
$25.0M
Q1 25
$101.5M
$-12.4M
Q4 24
$261.5M
Q2 24
$27.1M
Q1 24
$-33.6M
Q3 23
$-68.8M
Free Cash Flow
ARR
ARR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q2 24
Q1 24
$-33.7M
Q3 23
$-68.8M
Capex Intensity
ARR
ARR
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q2 24
Q1 24
Q3 23
Cash Conversion
ARR
ARR
XFOR
XFOR
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
-43.86×
Q4 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

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