ARMOUR Residential REIT, Inc. (ARR) Financial Ratios
19 years of historical data (2007–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↑
20.69
↑+91% vs avg
5yr avg: 10.86
30Y Low1.3·High30.1
P/FCF
↓
16.74
↓-13% vs avg
5yr avg: 19.19
30Y Low0.1·High67.1
P/B Ratio
↑
0.70
+3% vs avg
5yr avg: 0.68
30Y Low0.1·High39.3
ROE
↑
17.8%
↓+1230% vs avg
5yr avg: -1.6%
30Y Low-20%·High18%
Debt/EBITDA
18.60
+0% vs avg
5yr avg: 18.60
30Y Low18.6·High27.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ARR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ARMOUR Residential REIT, Inc. trades at 5.1x earnings, 95% below its 5-year average of 104.9x, sitting at the 0th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 79%. On a free-cash-flow basis, the stock trades at 16.7x P/FCF, 13% below the 5-year average of 19.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $1.7B | $984M | $832M | $664M | $788M | $681M | $1.0B | $864M | $1.0B | $796M |
| Enterprise Value | $20.0B | $19.5B | $916M | $610M | $577M | $450M | $5.0B | $12.1B | $7.7B | $8.3B | $7.3B |
| P/E Ratio → | 5.08 | 5.36 | — | — | — | 204.38 | — | — | — | 6.17 | — |
| P/S Ratio | 1.59 | 1.28 | 4.10 | 1.85 | — | 160.99 | — | 4.85 | 24.01 | 3.74 | — |
| P/B Ratio | 0.70 | 0.74 | 0.72 | 0.65 | 0.60 | 0.69 | 0.73 | 0.72 | 0.11 | 0.12 | 0.11 |
| P/FCF | 16.74 | 13.43 | 3.76 | 6.26 | 5.35 | 67.12 | — | — | 11.48 | 9.26 | 0.11 |
| P/OCF | 16.74 | 13.43 | 3.76 | 6.26 | 5.35 | 67.12 | — | — | 11.48 | 9.26 | — |
P/E links to full P/E history page with 30-year chart
ARR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ARMOUR Residential REIT, Inc.'s enterprise value stands at 20.7x EBITDA, 91% above its 5-year average of 10.9x. The Real Estate sector median is 17.0x, placing the stock at a 22% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 14.97 | 3.82 | 1.36 | — | 92.00 | — | 56.90 | 213.48 | 30.52 | — |
| EV / EBITDA | 20.69 | 20.26 | 1.80 | 1.33 | — | 20.03 | — | 316.12 | 159.12 | 30.14 | 266.14 |
| EV / EBIT | 20.69 | 20.26 | 1.80 | 1.33 | — | 20.03 | — | 316.12 | 159.12 | 30.14 | 266.14 |
| EV / FCF | — | 157.37 | 3.50 | 4.59 | 4.65 | 38.36 | — | — | 102.09 | 75.49 | 0.98 |
ARR Profitability
Margins and return-on-capital ratios measuring operating efficiency
ARMOUR Residential REIT, Inc. earns an operating margin of 73.9%, significantly above the Real Estate sector average of 24.8%. Operating margins have compressed from 101.8% to 73.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.8% indicates solid capital efficiency. ROIC of 6.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.0% | 97.0% | 86.2% | 93.0% | 103.0% | -359.9% | 109.7% | 86.1% | 24.3% | 90.2% | 118.5% |
| Operating Margin | 73.9% | 73.9% | 212.5% | 101.8% | 12.0% | 459.2% | 70.9% | 18.0% | 134.2% | 66.5% | 32.3% |
| Net Profit Margin | 24.7% | 24.7% | -6.0% | -15.1% | 26.2% | 313.9% | 100.9% | -117.4% | -294.6% | 66.5% | 32.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.8% | 17.8% | -1.1% | -5.7% | -20.4% | 1.5% | -18.1% | -5.3% | -1.3% | 2.2% | -1.0% |
| ROA | 1.9% | 1.9% | -0.1% | -0.6% | -3.1% | 0.3% | -2.3% | -2.3% | -1.2% | 2.1% | -0.4% |
| ROIC | 6.8% | 6.8% | 32.6% | 33.1% | -8.6% | 0.6% | -1.3% | 0.2% | 0.2% | 0.9% | -0.3% |
| ROCE | 31.5% | 31.5% | 3.9% | 4.2% | -1.4% | 0.4% | -12.1% | 0.8% | 0.6% | 2.1% | -0.4% |
ARR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ARMOUR Residential REIT, Inc. carries a Debt/EBITDA ratio of 18.6x, which is highly leveraged (135% above the sector average of 7.9x). Net debt stands at $17.9B ($17.9B total debt minus $63M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 7.94 | 7.94 | — | — | — | — | 4.83 | 7.90 | 0.89 | 0.88 | 0.90 |
| Debt / EBITDA | 18.60 | 18.60 | — | — | — | — | — | 296.28 | 145.82 | 27.41 | 247.13 |
| Net Debt / Equity | — | 7.91 | -0.05 | -0.17 | -0.08 | -0.30 | 4.65 | 7.71 | 0.86 | 0.85 | 0.87 |
| Net Debt / EBITDA | 18.53 | 18.53 | -0.13 | -0.48 | — | -15.03 | — | 289.15 | 141.22 | 26.44 | 237.28 |
| Debt / FCF | — | 143.95 | -0.26 | -1.67 | -0.70 | -28.77 | — | — | 90.61 | 66.23 | 0.88 |
| Interest Coverage | 1.50 | 1.50 | 0.97 | 0.87 | -0.90 | 3.16 | -2.42 | 0.13 | 0.31 | 2.92 | 0.38 |
ARR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.01x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.01 | 0.01 | — | — | — | — | — | — | 525.81 | 825.51 | 478.50 |
| Quick Ratio | 0.01 | 0.01 | — | — | — | — | — | — | 549.74 | 832.35 | 452.49 |
| Cash Ratio | 0.00 | 0.00 | — | — | — | — | 0.04 | 0.02 | 524.19 | 823.15 | 477.20 |
| Asset Turnover | — | 0.06 | 0.02 | 0.04 | -0.09 | 0.00 | -0.04 | 0.02 | 0.00 | 0.03 | -0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 0.07 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ARR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ARMOUR Residential REIT, Inc. returns 18.9% to shareholders annually — split between a 17.9% dividend yield and 1.0% buyback yield. The payout ratio of 87.8% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 19.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 17.9% | 17.0% | 15.3% | 26.0% | 21.4% | 12.3% | 11.1% | 12.0% | 11.2% | 8.8% | 13.9% |
| Payout Ratio | 87.8% | 87.8% | — | — | — | 629.0% | — | — | — | 49.4% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 19.7% | 18.7% | — | — | — | 0.5% | — | — | — | 16.2% | — |
| FCF Yield | 6.0% | 7.4% | 26.6% | 16.0% | 18.7% | 1.5% | — | — | 8.7% | 10.8% | 938.9% |
| Buyback Yield | 1.0% | 1.2% | 0.1% | 1.2% | 1.2% | 0.0% | 0.1% | 6.9% | 0.0% | 0.0% | 1.8% |
| Total Shareholder Yield | 18.9% | 18.2% | 15.5% | 27.2% | 22.6% | 12.3% | 11.2% | 19.0% | 11.2% | 8.8% | 15.8% |
| Shares Outstanding | — | $94M | $52M | $43M | $24M | $16M | $13M | $12M | $8M | $8M | $7M |
Peer Comparison
Compare ARR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ARRYou | $2B | 5.1 | 20.7 | 16.7 | 97.0% | 73.9% | 17.8% | 6.8% | 18.6 |
 AGNC | $12B | 7.1 | 2.1 | 17.9 | 100.0% | 236.3% | 15.1% | 33.8% | 0.0 |
 NLY | $16B | 7.6 | 18.3 | — | 99.9% | 102.6% | 14.1% | 6.4% | 16.3 |
 DX | $2B | 5.3 | 20.3 | 16.4 | 100.0% | 138.4% | 17.5% | 4.8% | 18.8 |
 EARN | $165M | 18.3 | 98.1 | 18.1 | 31.3% | 14.0% | 4.0% | 0.7% | 79.3 |
 TWO | $1B | -2.8 | 197.9 | 14.6 | 97.9% | 68.7% | -23.2% | 3.1% | 188.0 |
 MFA | $973M | 5.7 | 17.0 | 12.8 | 96.2% | 78.8% | 9.6% | 4.4% | 15.9 |
 IVR | $575M | 5.2 | 19.1 | 3.7 | 96.7% | 94.5% | 13.3% | 4.0% | 17.5 |
 CIM | $1B | 4.8 | 18.0 | — | 94.9% | 93.2% | 9.0% | 4.1% | 16.9 |
 PMT | $892M | 10.4 | 210.1 | — | 15.4% | 9.1% | 6.7% | 0.4% | 203.5 |
 EFC | $1B | 11.3 | 39.4 | 2.6 | 84.3% | 61.6% | 8.5% | 3.1% | 37.0 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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ARR — Frequently Asked Questions
Quick answers to the most common questions about buying ARR stock.
What is ARMOUR Residential REIT, Inc.'s P/E ratio?
ARMOUR Residential REIT, Inc.'s current P/E ratio is 5.1x. The historical average is 6.3x.
What is ARMOUR Residential REIT, Inc.'s EV/EBITDA?
ARMOUR Residential REIT, Inc.'s current EV/EBITDA is 20.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.4x.
What is ARMOUR Residential REIT, Inc.'s ROE?
ARMOUR Residential REIT, Inc.'s return on equity (ROE) is 17.8%. The historical average is -1.6%.
Is ARR stock overvalued?
Based on historical data, ARMOUR Residential REIT, Inc. is trading at a P/E of 5.1x. Compare with industry peers and growth rates for a complete picture.
What is ARMOUR Residential REIT, Inc.'s dividend yield?
ARMOUR Residential REIT, Inc.'s current dividend yield is 17.94% with a payout ratio of 87.8%.
What are ARMOUR Residential REIT, Inc.'s profit margins?
ARMOUR Residential REIT, Inc. has 97.0% gross margin and 73.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does ARMOUR Residential REIT, Inc. have?
ARMOUR Residential REIT, Inc.'s Debt/EBITDA ratio is 18.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.