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

FIRST COMMUNITY BANKSHARES INC is the larger business by last-quarter revenue ($43.8M vs $28.2M, roughly 1.6× Arena Group Holdings, Inc.). FIRST COMMUNITY BANKSHARES INC runs the higher net margin — 28.5% vs 18.9%, a 9.6% gap on every dollar of revenue. On growth, FIRST COMMUNITY BANKSHARES INC posted the faster year-over-year revenue change (5.1% vs -22.0%). Over the past eight quarters, FIRST COMMUNITY BANKSHARES INC's revenue compounded faster (3.5% 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.

First Community Bankshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia, in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of April 21, 2023, First Community had $3.6 billion in assets.

AREN vs FCBC — Head-to-Head

Bigger by revenue
FCBC
FCBC
1.6× larger
FCBC
$43.8M
$28.2M
AREN
Growing faster (revenue YoY)
FCBC
FCBC
+27.1% gap
FCBC
5.1%
-22.0%
AREN
Higher net margin
FCBC
FCBC
9.6% more per $
FCBC
28.5%
18.9%
AREN
Faster 2-yr revenue CAGR
FCBC
FCBC
Annualised
FCBC
3.5%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
FCBC
FCBC
Revenue
$28.2M
$43.8M
Net Profit
$5.3M
$12.5M
Gross Margin
43.6%
Operating Margin
26.6%
36.8%
Net Margin
18.9%
28.5%
Revenue YoY
-22.0%
5.1%
Net Profit YoY
-22.5%
-4.4%
EPS (diluted)
$0.12
$0.67

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
FCBC
FCBC
Q4 25
$28.2M
$43.8M
Q3 25
$29.8M
$42.2M
Q2 25
$45.0M
$41.0M
Q1 25
$31.8M
$40.5M
Q4 24
$36.2M
$41.7M
Q3 24
$33.6M
$42.0M
Q2 24
$27.2M
$41.3M
Q1 24
$28.9M
$40.9M
Net Profit
AREN
AREN
FCBC
FCBC
Q4 25
$5.3M
$12.5M
Q3 25
$6.9M
$12.3M
Q2 25
$108.6M
$12.2M
Q1 25
$4.0M
$11.8M
Q4 24
$6.9M
$13.0M
Q3 24
$4.0M
$13.0M
Q2 24
$-8.2M
$12.7M
Q1 24
$-103.4M
$12.8M
Gross Margin
AREN
AREN
FCBC
FCBC
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
FCBC
FCBC
Q4 25
26.6%
36.8%
Q3 25
31.9%
37.7%
Q2 25
36.5%
38.6%
Q1 25
23.1%
37.7%
Q4 24
28.6%
39.6%
Q3 24
24.0%
39.3%
Q2 24
-9.5%
39.3%
Q1 24
-27.5%
40.3%
Net Margin
AREN
AREN
FCBC
FCBC
Q4 25
18.9%
28.5%
Q3 25
23.1%
29.1%
Q2 25
241.4%
29.9%
Q1 25
12.6%
29.2%
Q4 24
19.0%
31.3%
Q3 24
11.8%
31.0%
Q2 24
-30.1%
30.8%
Q1 24
-357.1%
31.4%
EPS (diluted)
AREN
AREN
FCBC
FCBC
Q4 25
$0.12
$0.67
Q3 25
$0.14
$0.67
Q2 25
$2.28
$0.67
Q1 25
$0.08
$0.64
Q4 24
$1.23
$0.67
Q3 24
$0.11
$0.71
Q2 24
$-0.28
$0.71
Q1 24
$-3.91
$0.71

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
FCBC
FCBC
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$500.5M
Total Assets
$112.6M
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
FCBC
FCBC
Q4 25
$10.3M
Q3 25
$12.5M
Q2 25
$6.8M
Q1 25
$2.9M
Q4 24
$4.4M
Q3 24
$5.8M
Q2 24
$6.1M
Q1 24
$4.0M
Total Debt
AREN
AREN
FCBC
FCBC
Q4 25
$97.6M
Q3 25
$110.5M
$0
Q2 25
$110.5M
$0
Q1 25
$110.5M
$0
Q4 24
$110.4M
$0
Q3 24
$102.4M
$0
Q2 24
$102.4M
$0
Q1 24
$102.3M
$0
Stockholders' Equity
AREN
AREN
FCBC
FCBC
Q4 25
$-4.8M
$500.5M
Q3 25
$-10.4M
$510.7M
Q2 25
$-17.3M
$502.8M
Q1 25
$-126.1M
$496.4M
Q4 24
$-130.3M
$526.4M
Q3 24
$-137.5M
$520.7M
Q2 24
$-157.2M
$508.9M
Q1 24
$-149.6M
$506.9M
Total Assets
AREN
AREN
FCBC
FCBC
Q4 25
$112.6M
$3.3B
Q3 25
$121.4M
$3.2B
Q2 25
$127.8M
$3.2B
Q1 25
$114.6M
$3.2B
Q4 24
$116.4M
$3.3B
Q3 24
$114.2M
$3.2B
Q2 24
$113.4M
$3.2B
Q1 24
$120.3M
$3.2B
Debt / Equity
AREN
AREN
FCBC
FCBC
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
FCBC
FCBC
Operating Cash FlowLast quarter
$13.1M
$62.7M
Free Cash FlowOCF − Capex
$60.0M
FCF MarginFCF / Revenue
137.0%
Capex IntensityCapex / Revenue
6.3%
Cash ConversionOCF / Net Profit
2.46×
5.03×
TTM Free Cash FlowTrailing 4 quarters
$100.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
FCBC
FCBC
Q4 25
$13.1M
$62.7M
Q3 25
$12.2M
$18.9M
Q2 25
$10.3M
$10.2M
Q1 25
$3.7M
$13.2M
Q4 24
$-8.6M
$57.7M
Q3 24
$-2.3M
$11.4M
Q2 24
$-3.2M
$14.5M
Q1 24
$-2.0M
$16.9M
Free Cash Flow
AREN
AREN
FCBC
FCBC
Q4 25
$60.0M
Q3 25
$18.5M
Q2 25
$10.0M
Q1 25
$12.1M
Q4 24
$54.9M
Q3 24
$-2.4M
$10.9M
Q2 24
$14.1M
Q1 24
$15.2M
FCF Margin
AREN
AREN
FCBC
FCBC
Q4 25
137.0%
Q3 25
43.9%
Q2 25
24.3%
Q1 25
29.8%
Q4 24
131.8%
Q3 24
-7.1%
26.0%
Q2 24
34.1%
Q1 24
37.1%
Capex Intensity
AREN
AREN
FCBC
FCBC
Q4 25
6.3%
Q3 25
0.0%
1.0%
Q2 25
0.6%
Q1 25
2.8%
Q4 24
6.7%
Q3 24
0.1%
1.2%
Q2 24
0.9%
Q1 24
4.4%
Cash Conversion
AREN
AREN
FCBC
FCBC
Q4 25
2.46×
5.03×
Q3 25
1.77×
1.54×
Q2 25
0.09×
0.83×
Q1 25
0.91×
1.12×
Q4 24
-1.25×
4.43×
Q3 24
-0.59×
0.88×
Q2 24
1.14×
Q1 24
1.32×

Financial Flow Comparison

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

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