| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | 1 | — | — | — | — | — | — | — | 1 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | 2.88 |
—
—
—
—
—
—
—
—
—
|
| 2025 | 2.88 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2024 | 2.88 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2023 | 5.00 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2022 | 6.00 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2021 | 6.00 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2020 | 6.00 |
—
—
—
—
—
—
—
—
—
—
|
| 2019 | 10.80 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2018 | 11.40 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2017 | 11.40 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2016 | 15.10 |
—
—
—
—
—
—
—
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 258.86 | 146.18 | 289.97 | 435.45 |
| Receivables | 47.11 | 52.87 | 86.15 | 435.67 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 305.97 | 199.06 | 376.12 | 871.13 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 6.72 | 4.73 | 2.22 | 5.90 |
| ST’ Debt | 9,647.98 | 10,713.83 | 17,941.80 | 19,441.46 |
| Other | — | — | — | — |
| 10,036.53 | 11,247.89 | 18,003.28 | 19,519.67 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 249.20 | 263.87 | — | — |
—
|
| ’25 | 172.88 | 180.89 | 210.18 | 236.48 |
800.42
|
| ’24 | 141.48 | 129.93 | 127.06 | 152.48 |
550.95
|
| ’23 | 118.46 | 134.61 | 153.64 | 146.20 |
552.90
|
| ’22 | 33.37 | 48.44 | 73.97 | 72.65 |
228.43
|
| ’21 | 18.58 | 18.22 | 22.04 | 21.65 |
80.48
|
| ’20 | 92.86 | 28.55 | 25.73 | 22.26 |
169.40
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 111.56 | 210.18 | — | — |
—
|
| ’25 | 101.48 | 24.96 | (37.80) | 35.56 |
124.20
|
| ’24 | 96.81 | 27.08 | 47.12 | 90.44 |
261.46
|
| ’23 | 54.22 | (8.92) | 27.17 | 60.34 |
132.82
|
| ’22 | (83.70) | 9.95 | 90.43 | 107.42 |
124.09
|
| ’21 | 21.20 | 15.72 | (12.53) | (12.65) |
11.74
|
| ’20 | (184.45) | (163.48) | 52.99 | 37.11 |
(257.82)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 111.56 | 210.18 | — | — |
—
|
| ’25 | 101.48 | 24.96 | (37.80) | 35.56 |
124.20
|
| ’24 | 96.81 | 27.08 | 47.12 | 90.44 |
261.46
|
| ’23 | 54.22 | (8.92) | 27.17 | 60.34 |
132.82
|
| ’22 | (83.70) | 9.95 | 90.43 | 107.42 |
124.09
|
| ’21 | 21.20 | 15.72 | (12.53) | (12.65) |
11.74
|
| ’20 | (184.45) | (163.48) | 52.99 | 37.11 |
(257.82)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.49) | 0.86 | — | — |
—
|
| ’25 | 0.32 | (0.94) | 1.49 | 1.86 |
3.30
|
| ’24 | 0.24 | (1.05) | 1.21 | (0.83) |
(0.51)
|
| ’23 | (0.95) | 1.00 | (3.92) | 1.96 |
(1.86)
|
| ’22 | (3.60) | (2.90) | (6.00) | 2.55 |
(10.25)
|
| ’21 | 5.15 | (4.75) | 1.80 | (1.55) |
0.25
|
| ’20 | (34.75) | 3.85 | 4.30 | 6.05 |
(17.85)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 21.90 | 13.32 | 17.35 | 13.18 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 50.85 | 33.40 | 21.93 | 19.34 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 21 | 22 | 20 | 20 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.88 | 25.13 | 27.55 | 40.02 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 228.43 | 552.90 | 550.95 | 800.42 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (229.93) | (67.92) | (14.39) | 322.69 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (100.66%) | (12.28%) | (2.61%) | 40.31% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (229.93) | (67.92) | (14.39) | 322.69 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.51 | 3.52 | (0.34) | 2.03 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.68 | 12.84 | 10.56 | 8.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | (10.25) | (1.86) | (0.51) | 3.31 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.26 | 3.08 | 5.01 | 1.32 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.26 | 3.08 | 5.01 | 1.32 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.15 | 29.53 | 26.10 | 24.07 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.59 | 43.05 | 52.16 | 93.94 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 6.46 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.99 | 1.47 | 1.79 | 2.08 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.61 | 0.64 | 0.72 | 0.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.77 | 18.45 | 20.97 | 24.13 | ‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.64 | 76.81 | 44.18 | 155.50 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 124.09 | 132.82 | 261.46 | 124.20 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 124.09 | 132.82 | 261.46 | 124.20 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6,742.73) | (9,730.56) | (11,048.83) | (17,627.16) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,463.06 | 9,647.98 | 10,713.83 | 17,941.80 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,344.97 | 9,389.12 | 10,567.65 | 17,651.83 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,112.37 | 1,271.18 | 1,361.42 | 2,261.05 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.29%) | (0.73%) | (0.20%) | 1.80% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.53% | 2.95% | 2.57% | 2.32% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (21.45%) | (6.70%) | (2.00%) | 17.15% | — | — | — |
ROE
|
ARMOUR Residential REIT (ARR), an agency MBS-focused mREIT, has endured extreme volatility over the past decade, with shares plunging from $138 highs in 2017 to $13 lows in 2023 amid COVID liquidity shocks, Fed rate hikes, and BVPS erosion from $169 to $26. Currently trading at a 0.72x PB ratio—near historical norms—ARR shows stabilization signs, including 142% revenue growth to $553 million in 2023, surging operating cash flow to $262 million in 2024, and positive FCF per share at $5.01, despite persistent leverage at $10.7 billion in debt.
Profitability remains erratic, with EBT margins swinging from 71% peaks to deep negatives, but 2024 losses narrowed 79% to $14 million amid improving net interest spreads and efficiency (revenue per employee up 10% to $27.5 million). Analyst forecasts predict wild revenue volatility—down 69% in 2025 then rebounding—but net income flipping positive at $174 million, with EPS at $1.90-$2.78, though aggressive share dilution (tripling to 112 million) pressures per-share metrics.
High leverage amplifies rate sensitivity, insider selling is minimal, and dividend coverage hinges on Fed easing; peers’ struggles highlight ARR’s resilient 100% agency focus and ROIC at 2.6%. Trading at attractive EV/FCF multiples with 10-15% total return potential if rates peak, ARR merits scrutiny for Q1 2026 leverage trends amid recession risks and re-rating upside.
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