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

Armour Residential REIT, Inc. is the larger business by last-quarter revenue ($50.4M vs $28.2M, roughly 1.8× Arena Group Holdings, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 18.9%, a 401.4% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -22.0%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -1.2%).

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.

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.

AREN vs ARR — Head-to-Head

Bigger by revenue
ARR
ARR
1.8× larger
ARR
$50.4M
$28.2M
AREN
Growing faster (revenue YoY)
ARR
ARR
+319.9% gap
ARR
297.9%
-22.0%
AREN
Higher net margin
ARR
ARR
401.4% more per $
ARR
420.2%
18.9%
AREN
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
ARR
ARR
Revenue
$28.2M
$50.4M
Net Profit
$5.3M
$211.7M
Gross Margin
43.6%
Operating Margin
26.6%
Net Margin
18.9%
420.2%
Revenue YoY
-22.0%
297.9%
Net Profit YoY
-22.5%
555.9%
EPS (diluted)
$0.12
$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
AREN
AREN
ARR
ARR
Q4 25
$28.2M
$50.4M
Q3 25
$29.8M
$38.5M
Q2 25
$45.0M
$33.1M
Q1 25
$31.8M
$36.3M
Q4 24
$36.2M
$12.7M
Q3 24
$33.6M
Q2 24
$27.2M
$7.0M
Q1 24
$28.9M
Net Profit
AREN
AREN
ARR
ARR
Q4 25
$5.3M
$211.7M
Q3 25
$6.9M
$159.3M
Q2 25
$108.6M
$-75.6M
Q1 25
$4.0M
$27.3M
Q4 24
$6.9M
$-46.4M
Q3 24
$4.0M
Q2 24
$-8.2M
$-48.4M
Q1 24
$-103.4M
Gross Margin
AREN
AREN
ARR
ARR
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
AREN
AREN
ARR
ARR
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
AREN
AREN
ARR
ARR
Q4 25
18.9%
420.2%
Q3 25
23.1%
413.5%
Q2 25
241.4%
-228.4%
Q1 25
12.6%
75.2%
Q4 24
19.0%
-366.8%
Q3 24
11.8%
Q2 24
-30.1%
-693.8%
Q1 24
-357.1%
EPS (diluted)
AREN
AREN
ARR
ARR
Q4 25
$0.12
$2.43
Q3 25
$0.14
$1.49
Q2 25
$2.28
$-0.94
Q1 25
$0.08
$0.32
Q4 24
$1.23
$-0.91
Q3 24
$0.11
Q2 24
$-0.28
$-1.05
Q1 24
$-3.91

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
ARR
ARR
Cash + ST InvestmentsLiquidity on hand
$10.3M
$63.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$2.3B
Total Assets
$112.6M
$21.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
ARR
ARR
Q4 25
$10.3M
$63.3M
Q3 25
$12.5M
$44.2M
Q2 25
$6.8M
$141.2M
Q1 25
$2.9M
$49.1M
Q4 24
$4.4M
$68.0M
Q3 24
$5.8M
Q2 24
$6.1M
$126.6M
Q1 24
$4.0M
Total Debt
AREN
AREN
ARR
ARR
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
AREN
AREN
ARR
ARR
Q4 25
$-4.8M
$2.3B
Q3 25
$-10.4M
$2.1B
Q2 25
$-17.3M
$1.7B
Q1 25
$-126.1M
$1.7B
Q4 24
$-130.3M
$1.4B
Q3 24
$-137.5M
Q2 24
$-157.2M
$1.2B
Q1 24
$-149.6M
Total Assets
AREN
AREN
ARR
ARR
Q4 25
$112.6M
$21.0B
Q3 25
$121.4M
$19.4B
Q2 25
$127.8M
$16.2B
Q1 25
$114.6M
$15.5B
Q4 24
$116.4M
$13.5B
Q3 24
$114.2M
Q2 24
$113.4M
$10.1B
Q1 24
$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
AREN
AREN
ARR
ARR
Operating Cash FlowLast quarter
$13.1M
$124.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.46×
0.59×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
ARR
ARR
Q4 25
$13.1M
$124.2M
Q3 25
$12.2M
$-37.8M
Q2 25
$10.3M
$25.0M
Q1 25
$3.7M
$101.5M
Q4 24
$-8.6M
$261.5M
Q3 24
$-2.3M
Q2 24
$-3.2M
$27.1M
Q1 24
$-2.0M
Free Cash Flow
AREN
AREN
ARR
ARR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
AREN
AREN
ARR
ARR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
AREN
AREN
ARR
ARR
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
AREN
AREN
ARR
ARR
Q4 25
2.46×
0.59×
Q3 25
1.77×
-0.24×
Q2 25
0.09×
Q1 25
0.91×
3.71×
Q4 24
-1.25×
Q3 24
-0.59×
Q2 24
Q1 24

Financial Flow Comparison

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

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