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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and AVALON HOLDINGS CORP (AWX). Click either name above to swap in a different company.
Arena Group Holdings, Inc. is the larger business by last-quarter revenue ($28.2M vs $21.5M, roughly 1.3× AVALON HOLDINGS CORP). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -1.7%, a 20.5% gap on every dollar of revenue. On growth, AVALON HOLDINGS CORP posted the faster year-over-year revenue change (21.7% vs -22.0%). Over the past eight quarters, AVALON HOLDINGS CORP's revenue compounded faster (6.7% 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.
Avalon Hill Games Inc. is a game company that publishes wargames and strategic board games. It has also published miniature wargaming rules, role-playing games and sports simulations. It is a subsidiary of Hasbro, and operates under the company's "Hasbro Gaming" division.
AREN vs AWX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $21.5M |
| Net Profit | $5.3M | $-356.0K |
| Gross Margin | 43.6% | 17.1% |
| Operating Margin | 26.6% | 0.4% |
| Net Margin | 18.9% | -1.7% |
| Revenue YoY | -22.0% | 21.7% |
| Net Profit YoY | -22.5% | 28.4% |
| EPS (diluted) | $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 | $21.5M | ||
| Q3 25 | $29.8M | $25.7M | ||
| Q2 25 | $45.0M | $20.3M | ||
| Q1 25 | $31.8M | $16.1M | ||
| Q4 24 | $36.2M | $17.6M | ||
| Q3 24 | $33.6M | $24.2M | ||
| Q2 24 | $27.2M | $23.1M | ||
| Q1 24 | $28.9M | $18.9M |
| Q4 25 | $5.3M | $-356.0K | ||
| Q3 25 | $6.9M | $1.9M | ||
| Q2 25 | $108.6M | $274.0K | ||
| Q1 25 | $4.0M | $-1.5M | ||
| Q4 24 | $6.9M | $-497.0K | ||
| Q3 24 | $4.0M | $1.8M | ||
| Q2 24 | $-8.2M | $954.0K | ||
| Q1 24 | $-103.4M | $-979.0K |
| Q4 25 | 43.6% | 17.1% | ||
| Q3 25 | 50.2% | 23.7% | ||
| Q2 25 | 56.5% | 20.6% | ||
| Q1 25 | 49.3% | 14.8% | ||
| Q4 24 | 52.6% | 17.5% | ||
| Q3 24 | 50.6% | 24.6% | ||
| Q2 24 | 39.4% | 22.1% | ||
| Q1 24 | 30.9% | 16.2% |
| Q4 25 | 26.6% | 0.4% | ||
| Q3 25 | 31.9% | 9.1% | ||
| Q2 25 | 36.5% | 3.7% | ||
| Q1 25 | 23.1% | -7.2% | ||
| Q4 24 | 28.6% | -0.8% | ||
| Q3 24 | 24.0% | 9.4% | ||
| Q2 24 | -9.5% | 6.3% | ||
| Q1 24 | -27.5% | -2.7% |
| Q4 25 | 18.9% | -1.7% | ||
| Q3 25 | 23.1% | 7.4% | ||
| Q2 25 | 241.4% | 1.4% | ||
| Q1 25 | 12.6% | -9.3% | ||
| Q4 24 | 19.0% | -2.8% | ||
| Q3 24 | 11.8% | 7.6% | ||
| Q2 24 | -30.1% | 4.1% | ||
| Q1 24 | -357.1% | -5.2% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $2.28 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $-0.28 | — | ||
| Q1 24 | $-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 | $10.3M | $4.1M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $38.4M |
| Total Assets | $112.6M | $87.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $4.1M | ||
| Q3 25 | $12.5M | $4.6M | ||
| Q2 25 | $6.8M | $3.7M | ||
| Q1 25 | $2.9M | $1.3M | ||
| Q4 24 | $4.4M | $2.8M | ||
| Q3 24 | $5.8M | $3.9M | ||
| Q2 24 | $6.1M | $3.8M | ||
| Q1 24 | $4.0M | $1.2M |
| 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 | $38.4M | ||
| Q3 25 | $-10.4M | $38.7M | ||
| Q2 25 | $-17.3M | $36.8M | ||
| Q1 25 | $-126.1M | $36.5M | ||
| Q4 24 | $-130.3M | $38.0M | ||
| Q3 24 | $-137.5M | $38.5M | ||
| Q2 24 | $-157.2M | $36.7M | ||
| Q1 24 | $-149.6M | $35.7M |
| Q4 25 | $112.6M | $87.4M | ||
| Q3 25 | $121.4M | $90.7M | ||
| Q2 25 | $127.8M | $88.1M | ||
| Q1 25 | $114.6M | $87.6M | ||
| Q4 24 | $116.4M | $86.2M | ||
| Q3 24 | $114.2M | $89.1M | ||
| Q2 24 | $113.4M | $91.7M | ||
| Q1 24 | $120.3M | $90.6M |
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 | $13.1M | $278.0K |
| Free Cash FlowOCF − Capex | — | $-166.0K |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $278.0K | ||
| Q3 25 | $12.2M | $1.5M | ||
| Q2 25 | $10.3M | $3.0M | ||
| Q1 25 | $3.7M | $-982.0K | ||
| Q4 24 | $-8.6M | $-579.0K | ||
| Q3 24 | $-2.3M | $342.0K | ||
| Q2 24 | $-3.2M | $3.2M | ||
| Q1 24 | $-2.0M | $411.0K |
| Q4 25 | — | $-166.0K | ||
| Q3 25 | — | $852.0K | ||
| Q2 25 | — | $2.7M | ||
| Q1 25 | — | $-1.4M | ||
| Q4 24 | — | $-1.1M | ||
| Q3 24 | $-2.4M | $-660.0K | ||
| Q2 24 | — | $2.9M | ||
| Q1 24 | — | $56.0K |
| Q4 25 | — | -0.8% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | -8.5% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | -7.1% | -2.7% | ||
| Q2 24 | — | 12.4% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 0.1% | 4.1% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | 0.76× | ||
| Q2 25 | 0.09× | 11.07× | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | 0.19× | ||
| Q2 24 | — | 3.35× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
