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Side-by-side financial comparison of ALEXANDERS INC (ALX) and Arena Group Holdings, Inc. (AREN). Click either name above to swap in a different company.

ALEXANDERS INC is the larger business by last-quarter revenue ($53.3M vs $28.2M, roughly 1.9× Arena Group Holdings, Inc.). On growth, ALEXANDERS INC posted the faster year-over-year revenue change (-4.7% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -6.9%).

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

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.

ALX vs AREN — Head-to-Head

Bigger by revenue
ALX
ALX
1.9× larger
ALX
$53.3M
$28.2M
AREN
Growing faster (revenue YoY)
ALX
ALX
+17.3% gap
ALX
-4.7%
-22.0%
AREN
Faster 2-yr revenue CAGR
AREN
AREN
Annualised
AREN
-1.2%
-6.9%
ALX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALX
ALX
AREN
AREN
Revenue
$53.3M
$28.2M
Net Profit
$5.3M
Gross Margin
43.6%
Operating Margin
26.6%
Net Margin
18.9%
Revenue YoY
-4.7%
-22.0%
Net Profit YoY
-22.5%
EPS (diluted)
$0.75
$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.

Revenue
ALX
ALX
AREN
AREN
Q4 25
$53.3M
$28.2M
Q3 25
$53.4M
$29.8M
Q2 25
$51.6M
$45.0M
Q1 25
$54.9M
$31.8M
Q4 24
$55.9M
$36.2M
Q3 24
$55.7M
$33.6M
Q2 24
$53.4M
$27.2M
Q1 24
$61.4M
$28.9M
Net Profit
ALX
ALX
AREN
AREN
Q4 25
$5.3M
Q3 25
$6.0M
$6.9M
Q2 25
$6.1M
$108.6M
Q1 25
$12.3M
$4.0M
Q4 24
$6.9M
Q3 24
$6.7M
$4.0M
Q2 24
$8.4M
$-8.2M
Q1 24
$16.1M
$-103.4M
Gross Margin
ALX
ALX
AREN
AREN
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%
Operating Margin
ALX
ALX
AREN
AREN
Q4 25
26.6%
Q3 25
31.9%
Q2 25
36.5%
Q1 25
23.1%
Q4 24
28.6%
Q3 24
24.0%
Q2 24
-9.5%
Q1 24
-27.5%
Net Margin
ALX
ALX
AREN
AREN
Q4 25
18.9%
Q3 25
11.2%
23.1%
Q2 25
11.9%
241.4%
Q1 25
22.4%
12.6%
Q4 24
19.0%
Q3 24
12.0%
11.8%
Q2 24
15.7%
-30.1%
Q1 24
26.2%
-357.1%
EPS (diluted)
ALX
ALX
AREN
AREN
Q4 25
$0.75
$0.12
Q3 25
$1.16
$0.14
Q2 25
$1.19
$2.28
Q1 25
$2.40
$0.08
Q4 24
$2.39
$1.23
Q3 24
$1.30
$0.11
Q2 24
$1.63
$-0.28
Q1 24
$3.14
$-3.91

Balance Sheet & Financial Strength

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

Metric
ALX
ALX
AREN
AREN
Cash + ST InvestmentsLiquidity on hand
$128.2M
$10.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$109.2M
$-4.8M
Total Assets
$1.1B
$112.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALX
ALX
AREN
AREN
Q4 25
$128.2M
$10.3M
Q3 25
$286.1M
$12.5M
Q2 25
$313.0M
$6.8M
Q1 25
$319.9M
$2.9M
Q4 24
$338.5M
$4.4M
Q3 24
$354.8M
$5.8M
Q2 24
$410.9M
$6.1M
Q1 24
$526.3M
$4.0M
Total Debt
ALX
ALX
AREN
AREN
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
Stockholders' Equity
ALX
ALX
AREN
AREN
Q4 25
$109.2M
$-4.8M
Q3 25
$128.3M
$-10.4M
Q2 25
$145.4M
$-17.3M
Q1 25
$163.1M
$-126.1M
Q4 24
$176.9M
$-130.3M
Q3 24
$190.7M
$-137.5M
Q2 24
$212.5M
$-157.2M
Q1 24
$230.1M
$-149.6M
Total Assets
ALX
ALX
AREN
AREN
Q4 25
$1.1B
$112.6M
Q3 25
$1.3B
$121.4M
Q2 25
$1.3B
$127.8M
Q1 25
$1.3B
$114.6M
Q4 24
$1.3B
$116.4M
Q3 24
$1.4B
$114.2M
Q2 24
$1.5B
$113.4M
Q1 24
$1.4B
$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
ALX
ALX
AREN
AREN
Operating Cash FlowLast quarter
$73.4M
$13.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALX
ALX
AREN
AREN
Q4 25
$73.4M
$13.1M
Q3 25
$-9.3M
$12.2M
Q2 25
$43.6M
$10.3M
Q1 25
$15.7M
$3.7M
Q4 24
$54.1M
$-8.6M
Q3 24
$-5.0M
$-2.3M
Q2 24
$11.5M
$-3.2M
Q1 24
$16.8M
$-2.0M
Free Cash Flow
ALX
ALX
AREN
AREN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
ALX
ALX
AREN
AREN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
ALX
ALX
AREN
AREN
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
ALX
ALX
AREN
AREN
Q4 25
2.46×
Q3 25
-1.55×
1.77×
Q2 25
7.12×
0.09×
Q1 25
1.28×
0.91×
Q4 24
-1.25×
Q3 24
-0.75×
-0.59×
Q2 24
1.37×
Q1 24
1.04×

Financial Flow Comparison

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

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