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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and EASTERN CO (EML). Click either name above to swap in a different company.
EASTERN CO is the larger business by last-quarter revenue ($55.3M vs $28.2M, roughly 2.0× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs 1.0%, a 17.8% gap on every dollar of revenue. On growth, Arena Group Holdings, Inc. posted the faster year-over-year revenue change (-22.0% vs -22.4%). Over the past eight quarters, EASTERN CO's revenue compounded faster (-0.6% 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.
EASTERN COEMLEarnings & Financial Report
China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.
AREN vs EML — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $55.3M |
| Net Profit | $5.3M | $578.9K |
| Gross Margin | 43.6% | 22.3% |
| Operating Margin | 26.6% | 3.1% |
| Net Margin | 18.9% | 1.0% |
| Revenue YoY | -22.0% | -22.4% |
| Net Profit YoY | -22.5% | 103.8% |
| EPS (diluted) | $0.12 | $0.10 |
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 | $29.8M | $55.3M | ||
| Q2 25 | $45.0M | $70.2M | ||
| Q1 25 | $31.8M | $63.3M | ||
| Q4 24 | $36.2M | $64.3M | ||
| Q3 24 | $33.6M | $71.3M | ||
| Q2 24 | $27.2M | $72.6M | ||
| Q1 24 | $28.9M | $64.6M |
| Q4 25 | $5.3M | — | ||
| Q3 25 | $6.9M | $578.9K | ||
| Q2 25 | $108.6M | $3.4M | ||
| Q1 25 | $4.0M | $1.9M | ||
| Q4 24 | $6.9M | $1.3M | ||
| Q3 24 | $4.0M | $-15.3M | ||
| Q2 24 | $-8.2M | $3.5M | ||
| Q1 24 | $-103.4M | $1.9M |
| Q4 25 | 43.6% | — | ||
| Q3 25 | 50.2% | 22.3% | ||
| Q2 25 | 56.5% | 23.3% | ||
| Q1 25 | 49.3% | 22.4% | ||
| Q4 24 | 52.6% | 23.6% | ||
| Q3 24 | 50.6% | 25.5% | ||
| Q2 24 | 39.4% | 25.4% | ||
| Q1 24 | 30.9% | 23.9% |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 31.9% | 3.1% | ||
| Q2 25 | 36.5% | 4.5% | ||
| Q1 25 | 23.1% | 5.1% | ||
| Q4 24 | 28.6% | 6.1% | ||
| Q3 24 | 24.0% | 9.5% | ||
| Q2 24 | -9.5% | 8.3% | ||
| Q1 24 | -27.5% | 5.3% |
| Q4 25 | 18.9% | — | ||
| Q3 25 | 23.1% | 1.0% | ||
| Q2 25 | 241.4% | 4.9% | ||
| Q1 25 | 12.6% | 3.1% | ||
| Q4 24 | 19.0% | 2.0% | ||
| Q3 24 | 11.8% | -21.5% | ||
| Q2 24 | -30.1% | 4.8% | ||
| Q1 24 | -357.1% | 3.0% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | $0.10 | ||
| Q2 25 | $2.28 | $0.56 | ||
| Q1 25 | $0.08 | $0.32 | ||
| Q4 24 | $1.23 | $0.22 | ||
| Q3 24 | $0.11 | $-2.46 | ||
| Q2 24 | $-0.28 | $0.56 | ||
| Q1 24 | $-3.91 | $0.31 |
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 | $9.2M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $124.3M |
| Total Assets | $112.6M | $220.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | — | ||
| Q3 25 | $12.5M | $9.2M | ||
| Q2 25 | $6.8M | $9.1M | ||
| Q1 25 | $2.9M | $10.2M | ||
| Q4 24 | $4.4M | $16.1M | ||
| Q3 24 | $5.8M | $9.7M | ||
| Q2 24 | $6.1M | $2.0M | ||
| Q1 24 | $4.0M | $2.1M |
| Q4 25 | $97.6M | — | ||
| Q3 25 | $110.5M | — | ||
| Q2 25 | $110.5M | — | ||
| Q1 25 | $110.5M | — | ||
| Q4 24 | $110.4M | $42.2M | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $102.4M | — | ||
| Q1 24 | $102.3M | — |
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $-10.4M | $124.3M | ||
| Q2 25 | $-17.3M | $124.4M | ||
| Q1 25 | $-126.1M | $121.0M | ||
| Q4 24 | $-130.3M | $120.7M | ||
| Q3 24 | $-137.5M | $119.2M | ||
| Q2 24 | $-157.2M | $136.5M | ||
| Q1 24 | $-149.6M | $134.5M |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $121.4M | $220.0M | ||
| Q2 25 | $127.8M | $229.4M | ||
| Q1 25 | $114.6M | $232.3M | ||
| Q4 24 | $116.4M | $235.3M | ||
| Q3 24 | $114.2M | $244.2M | ||
| Q2 24 | $113.4M | $255.9M | ||
| Q1 24 | $120.3M | $253.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.1M |
| Free Cash FlowOCF − Capex | — | $3.1M |
| FCF MarginFCF / Revenue | — | 5.5% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.46× | 5.38× |
| TTM Free Cash FlowTrailing 4 quarters | — | $12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | — | ||
| Q3 25 | $12.2M | $3.1M | ||
| Q2 25 | $10.3M | $3.8M | ||
| Q1 25 | $3.7M | $-1.8M | ||
| Q4 24 | $-8.6M | $11.0M | ||
| Q3 24 | $-2.3M | $-2.9M | ||
| Q2 24 | $-3.2M | $8.4M | ||
| Q1 24 | $-2.0M | $2.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $3.1M | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | — | $-2.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | $-2.4M | $-7.7M | ||
| Q2 24 | — | $7.3M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | -7.1% | -10.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 0.1% | 6.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | 5.38× | ||
| Q2 25 | 0.09× | 1.09× | ||
| Q1 25 | 0.91× | -0.95× | ||
| Q4 24 | -1.25× | 8.41× | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | 2.40× | ||
| Q1 24 | — | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
