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

CHOICEONE FINANCIAL SERVICES INC is the larger business by last-quarter revenue ($42.9M vs $28.2M, roughly 1.5× Arena Group Holdings, Inc.). On growth, CHOICEONE FINANCIAL SERVICES INC posted the faster year-over-year revenue change (76.4% vs -22.0%). Over the past eight quarters, CHOICEONE FINANCIAL SERVICES INC's revenue compounded faster (15.0% 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.

ChoiceOne Financial Services Inc is a US regional financial holding company that operates through its banking subsidiary, offering personal and commercial banking products including savings accounts, loans, wealth management, and insurance services primarily to consumers, small businesses, and corporate clients across Michigan.

AREN vs COFS — Head-to-Head

Bigger by revenue
COFS
COFS
1.5× larger
COFS
$42.9M
$28.2M
AREN
Growing faster (revenue YoY)
COFS
COFS
+98.4% gap
COFS
76.4%
-22.0%
AREN
Faster 2-yr revenue CAGR
COFS
COFS
Annualised
COFS
15.0%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
COFS
COFS
Revenue
$28.2M
$42.9M
Net Profit
$5.3M
Gross Margin
43.6%
Operating Margin
26.6%
39.1%
Net Margin
18.9%
Revenue YoY
-22.0%
76.4%
Net Profit YoY
-22.5%
EPS (diluted)
$0.12
$1.43

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
COFS
COFS
Q4 25
$28.2M
$42.9M
Q3 25
$29.8M
$61.8M
Q2 25
$45.0M
$60.4M
Q1 25
$31.8M
$44.9M
Q4 24
$36.2M
$24.3M
Q3 24
$33.6M
$36.6M
Q2 24
$27.2M
$34.0M
Q1 24
$28.9M
$32.5M
Net Profit
AREN
AREN
COFS
COFS
Q4 25
$5.3M
Q3 25
$6.9M
$14.7M
Q2 25
$108.6M
$13.5M
Q1 25
$4.0M
$-13.9M
Q4 24
$6.9M
Q3 24
$4.0M
$7.3M
Q2 24
$-8.2M
$6.6M
Q1 24
$-103.4M
$5.6M
Gross Margin
AREN
AREN
COFS
COFS
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
COFS
COFS
Q4 25
26.6%
39.1%
Q3 25
31.9%
29.6%
Q2 25
36.5%
27.6%
Q1 25
23.1%
-39.2%
Q4 24
28.6%
36.1%
Q3 24
24.0%
25.4%
Q2 24
-9.5%
24.0%
Q1 24
-27.5%
21.1%
Net Margin
AREN
AREN
COFS
COFS
Q4 25
18.9%
Q3 25
23.1%
23.7%
Q2 25
241.4%
22.4%
Q1 25
12.6%
-31.0%
Q4 24
19.0%
Q3 24
11.8%
20.1%
Q2 24
-30.1%
19.4%
Q1 24
-357.1%
17.3%
EPS (diluted)
AREN
AREN
COFS
COFS
Q4 25
$0.12
$1.43
Q3 25
$0.14
$0.97
Q2 25
$2.28
$0.90
Q1 25
$0.08
$-1.29
Q4 24
$1.23
$0.79
Q3 24
$0.11
$0.85
Q2 24
$-0.28
$0.87
Q1 24
$-3.91
$0.74

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
COFS
COFS
Cash + ST InvestmentsLiquidity on hand
$10.3M
$88.0M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$465.4M
Total Assets
$112.6M
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
COFS
COFS
Q4 25
$10.3M
$88.0M
Q3 25
$12.5M
$99.0M
Q2 25
$6.8M
$156.3M
Q1 25
$2.9M
$139.4M
Q4 24
$4.4M
$96.8M
Q3 24
$5.8M
$145.9M
Q2 24
$6.1M
$101.0M
Q1 24
$4.0M
$150.1M
Total Debt
AREN
AREN
COFS
COFS
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
COFS
COFS
Q4 25
$-4.8M
$465.4M
Q3 25
$-10.4M
$449.6M
Q2 25
$-17.3M
$431.8M
Q1 25
$-126.1M
$427.1M
Q4 24
$-130.3M
$260.4M
Q3 24
$-137.5M
$247.7M
Q2 24
$-157.2M
$214.5M
Q1 24
$-149.6M
$206.8M
Total Assets
AREN
AREN
COFS
COFS
Q4 25
$112.6M
$4.4B
Q3 25
$121.4M
$4.3B
Q2 25
$127.8M
$4.3B
Q1 25
$114.6M
$4.3B
Q4 24
$116.4M
$2.7B
Q3 24
$114.2M
$2.7B
Q2 24
$113.4M
$2.7B
Q1 24
$120.3M
$2.7B

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
COFS
COFS
Operating Cash FlowLast quarter
$13.1M
$31.8M
Free Cash FlowOCF − Capex
$25.2M
FCF MarginFCF / Revenue
58.7%
Capex IntensityCapex / Revenue
15.4%
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
COFS
COFS
Q4 25
$13.1M
$31.8M
Q3 25
$12.2M
$15.3M
Q2 25
$10.3M
$9.0M
Q1 25
$3.7M
$-6.5M
Q4 24
$-8.6M
$47.1M
Q3 24
$-2.3M
$-7.4M
Q2 24
$-3.2M
$15.7M
Q1 24
$-2.0M
$15.3M
Free Cash Flow
AREN
AREN
COFS
COFS
Q4 25
$25.2M
Q3 25
$13.7M
Q2 25
$6.9M
Q1 25
$-7.3M
Q4 24
$45.4M
Q3 24
$-2.4M
$-7.6M
Q2 24
$15.3M
Q1 24
$15.0M
FCF Margin
AREN
AREN
COFS
COFS
Q4 25
58.7%
Q3 25
22.1%
Q2 25
11.4%
Q1 25
-16.3%
Q4 24
186.4%
Q3 24
-7.1%
-20.8%
Q2 24
44.8%
Q1 24
46.2%
Capex Intensity
AREN
AREN
COFS
COFS
Q4 25
15.4%
Q3 25
0.0%
2.6%
Q2 25
3.4%
Q1 25
1.9%
Q4 24
7.0%
Q3 24
0.1%
0.7%
Q2 24
1.4%
Q1 24
1.0%
Cash Conversion
AREN
AREN
COFS
COFS
Q4 25
2.46×
Q3 25
1.77×
1.04×
Q2 25
0.09×
0.66×
Q1 25
0.91×
Q4 24
-1.25×
Q3 24
-0.59×
-1.00×
Q2 24
2.39×
Q1 24
2.72×

Financial Flow Comparison

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

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