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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and Arena Group Holdings, Inc. (AREN). Click either name above to swap in a different company.
ATLANTIC AMERICAN CORP is the larger business by last-quarter revenue ($53.8M vs $28.2M, roughly 1.9× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs 1.1%, a 17.8% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs -22.0%). Over the past eight quarters, ATLANTIC AMERICAN CORP's revenue compounded faster (7.2% CAGR vs -1.2%).
The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.
Arena Racing Company, also called ARC Racing and Leisure Group is a UK private company, created in 2012 by the merger of Arena Leisure and Northern Racing. It owns and operates 16 racecourses in Great Britain, accounting for 39% of British racing fixtures. It also operates hotels at Wolverhampton Racecourse, Lingfield Park Racecourse and Doncaster Racecourse and golf courses at Lingfield, Southwell and Newcastle.
AAME vs AREN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $28.2M |
| Net Profit | $577.0K | $5.3M |
| Gross Margin | — | 43.6% |
| Operating Margin | 1.4% | 26.6% |
| Net Margin | 1.1% | 18.9% |
| Revenue YoY | 20.8% | -22.0% |
| Net Profit YoY | 128.9% | -22.5% |
| EPS (diluted) | $0.02 | $0.12 |
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.
| Q4 25 | — | $28.2M | ||
| Q3 25 | $53.8M | $29.8M | ||
| Q2 25 | $55.3M | $45.0M | ||
| Q1 25 | $50.1M | $31.8M | ||
| Q4 24 | $49.0M | $36.2M | ||
| Q3 24 | $44.5M | $33.6M | ||
| Q2 24 | $47.7M | $27.2M | ||
| Q1 24 | $47.0M | $28.9M |
| Q4 25 | — | $5.3M | ||
| Q3 25 | $577.0K | $6.9M | ||
| Q2 25 | $3.3M | $108.6M | ||
| Q1 25 | $802.0K | $4.0M | ||
| Q4 24 | $412.0K | $6.9M | ||
| Q3 24 | $-2.0M | $4.0M | ||
| Q2 24 | $-684.0K | $-8.2M | ||
| Q1 24 | $-2.0M | $-103.4M |
| Q4 25 | — | 43.6% | ||
| Q3 25 | — | 50.2% | ||
| Q2 25 | — | 56.5% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 52.6% | ||
| Q3 24 | — | 50.6% | ||
| Q2 24 | — | 39.4% | ||
| Q1 24 | — | 30.9% |
| Q4 25 | — | 26.6% | ||
| Q3 25 | 1.4% | 31.9% | ||
| Q2 25 | 7.6% | 36.5% | ||
| Q1 25 | 2.1% | 23.1% | ||
| Q4 24 | 1.1% | 28.6% | ||
| Q3 24 | -5.5% | 24.0% | ||
| Q2 24 | -1.8% | -9.5% | ||
| Q1 24 | -5.3% | -27.5% |
| Q4 25 | — | 18.9% | ||
| Q3 25 | 1.1% | 23.1% | ||
| Q2 25 | 6.0% | 241.4% | ||
| Q1 25 | 1.6% | 12.6% | ||
| Q4 24 | 0.8% | 19.0% | ||
| Q3 24 | -4.5% | 11.8% | ||
| Q2 24 | -1.4% | -30.1% | ||
| Q1 24 | -4.3% | -357.1% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | $0.02 | $0.14 | ||
| Q2 25 | $0.15 | $2.28 | ||
| Q1 25 | $0.03 | $0.08 | ||
| Q4 24 | $0.01 | $1.23 | ||
| Q3 24 | $-0.10 | $0.11 | ||
| Q2 24 | $-0.04 | $-0.28 | ||
| Q1 24 | $-0.10 | $-3.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.4M | $10.3M |
| Total DebtLower is stronger | — | $97.6M |
| Stockholders' EquityBook value | $109.5M | $-4.8M |
| Total Assets | $430.9M | $112.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.3M | ||
| Q3 25 | $34.4M | $12.5M | ||
| Q2 25 | $46.4M | $6.8M | ||
| Q1 25 | $35.9M | $2.9M | ||
| Q4 24 | $35.6M | $4.4M | ||
| Q3 24 | $23.0M | $5.8M | ||
| Q2 24 | $21.2M | $6.1M | ||
| Q1 24 | $21.2M | $4.0M |
| Q4 25 | — | $97.6M | ||
| Q3 25 | — | $110.5M | ||
| Q2 25 | — | $110.5M | ||
| Q1 25 | — | $110.5M | ||
| Q4 24 | — | $110.4M | ||
| Q3 24 | — | $102.4M | ||
| Q2 24 | — | $102.4M | ||
| Q1 24 | — | $102.3M |
| Q4 25 | — | $-4.8M | ||
| Q3 25 | $109.5M | $-10.4M | ||
| Q2 25 | $106.2M | $-17.3M | ||
| Q1 25 | $102.4M | $-126.1M | ||
| Q4 24 | $99.6M | $-130.3M | ||
| Q3 24 | $105.8M | $-137.5M | ||
| Q2 24 | $100.7M | $-157.2M | ||
| Q1 24 | $102.8M | $-149.6M |
| Q4 25 | — | $112.6M | ||
| Q3 25 | $430.9M | $121.4M | ||
| Q2 25 | $429.3M | $127.8M | ||
| Q1 25 | $388.4M | $114.6M | ||
| Q4 24 | $393.4M | $116.4M | ||
| Q3 24 | $387.0M | $114.2M | ||
| Q2 24 | $386.0M | $113.4M | ||
| Q1 24 | $365.8M | $120.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $13.1M |
| Free Cash FlowOCF − Capex | $6.6M | — |
| FCF MarginFCF / Revenue | 12.3% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 11.51× | 2.46× |
| TTM Free Cash FlowTrailing 4 quarters | $19.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.1M | ||
| Q3 25 | $6.6M | $12.2M | ||
| Q2 25 | $9.3M | $10.3M | ||
| Q1 25 | $-722.0K | $3.7M | ||
| Q4 24 | $4.8M | $-8.6M | ||
| Q3 24 | $90.0K | $-2.3M | ||
| Q2 24 | $416.0K | $-3.2M | ||
| Q1 24 | $-5.3M | $-2.0M |
| Q4 25 | — | — | ||
| Q3 25 | $6.6M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $-986.0K | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $58.0K | $-2.4M | ||
| Q2 24 | $361.0K | — | ||
| Q1 24 | $-5.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | 12.3% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 0.1% | -7.1% | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | -11.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | 2.46× | ||
| Q3 25 | 11.51× | 1.77× | ||
| Q2 25 | 2.80× | 0.09× | ||
| Q1 25 | -0.90× | 0.91× | ||
| Q4 24 | 11.65× | -1.25× | ||
| Q3 24 | — | -0.59× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAME
| Bankers Fidelity | $30.0M | 56% |
| American Southern | $23.7M | 44% |
AREN
Segment breakdown not available.
