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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Zhihu Inc. (ZH). Click either name above to swap in a different company.

Zhihu Inc. is the larger business by last-quarter revenue ($92.0M vs $50.4M, roughly 1.8× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 32.7%, a 387.5% gap on every dollar of revenue. Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -19.0%).

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.

Zhihu is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, China, the website launched on January 26, 2011. The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

ARR vs ZH — Head-to-Head

Bigger by revenue
ZH
ZH
1.8× larger
ZH
$92.0M
$50.4M
ARR
Higher net margin
ARR
ARR
387.5% more per $
ARR
420.2%
32.7%
ZH
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-19.0%
ZH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARR
ARR
ZH
ZH
Revenue
$50.4M
$92.0M
Net Profit
$211.7M
$30.1M
Gross Margin
53.6%
Operating Margin
Net Margin
420.2%
32.7%
Revenue YoY
297.9%
Net Profit YoY
555.9%
EPS (diluted)
$2.43

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
ZH
ZH
Q1 26
$92.0M
Q4 25
$50.4M
Q3 25
$38.5M
$92.6M
Q2 25
$33.1M
$100.1M
Q1 25
$36.3M
$100.6M
Q4 24
$12.7M
Q3 24
$120.4M
Q2 24
$7.0M
$128.5M
Net Profit
ARR
ARR
ZH
ZH
Q1 26
$30.1M
Q4 25
$211.7M
Q3 25
$159.3M
Q2 25
$-75.6M
Q1 25
$27.3M
Q4 24
$-46.4M
Q3 24
$-1.3M
Q2 24
$-48.4M
$-11.1M
Gross Margin
ARR
ARR
ZH
ZH
Q1 26
53.6%
Q4 25
Q3 25
61.3%
Q2 25
62.5%
Q1 25
61.8%
Q4 24
Q3 24
63.9%
Q2 24
59.6%
Operating Margin
ARR
ARR
ZH
ZH
Q1 26
Q4 25
Q3 25
-15.1%
Q2 25
-12.7%
Q1 25
Q4 24
Q3 24
-10.0%
Q2 24
-19.7%
Net Margin
ARR
ARR
ZH
ZH
Q1 26
32.7%
Q4 25
420.2%
Q3 25
413.5%
Q2 25
-228.4%
Q1 25
75.2%
Q4 24
-366.8%
Q3 24
-1.1%
Q2 24
-693.8%
-8.6%
EPS (diluted)
ARR
ARR
ZH
ZH
Q1 26
Q4 25
$2.43
Q3 25
$1.49
Q2 25
$-0.94
Q1 25
$0.32
Q4 24
$-0.91
Q3 24
Q2 24
$-1.05

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$63.3M
$481.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$554.1M
Total Assets
$21.0B
$742.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
ZH
ZH
Q1 26
$481.8M
Q4 25
$63.3M
Q3 25
$44.2M
$383.5M
Q2 25
$141.2M
$446.5M
Q1 25
$49.1M
$446.5M
Q4 24
$68.0M
Q3 24
$458.0M
Q2 24
$126.6M
$434.7M
Stockholders' Equity
ARR
ARR
ZH
ZH
Q1 26
$554.1M
Q4 25
$2.3B
Q3 25
$2.1B
$578.9M
Q2 25
$1.7B
$587.4M
Q1 25
$1.7B
$573.2M
Q4 24
$1.4B
Q3 24
$619.2M
Q2 24
$1.2B
$605.5M
Total Assets
ARR
ARR
ZH
ZH
Q1 26
$742.3M
Q4 25
$21.0B
Q3 25
$19.4B
$772.8M
Q2 25
$16.2B
$802.2M
Q1 25
$15.5B
$783.1M
Q4 24
$13.5B
Q3 24
$856.2M
Q2 24
$10.1B
$840.5M

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
ZH
ZH
Operating Cash FlowLast quarter
$124.2M
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
ZH
ZH
Q1 26
Q4 25
$124.2M
Q3 25
$-37.8M
Q2 25
$25.0M
Q1 25
$101.5M
Q4 24
$261.5M
Q3 24
Q2 24
$27.1M
Cash Conversion
ARR
ARR
ZH
ZH
Q1 26
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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