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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and FutureFuel Corp. (FF). 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 $19.8M, roughly 1.4× FutureFuel Corp.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -60.5%, a 79.4% gap on every dollar of revenue. On growth, Arena Group Holdings, Inc. posted the faster year-over-year revenue change (-22.0% vs -67.7%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -41.7%).
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.
FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.
AREN vs FF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $19.8M |
| Net Profit | $5.3M | $-12.0M |
| Gross Margin | 43.6% | -46.7% |
| Operating Margin | 26.6% | -62.9% |
| Net Margin | 18.9% | -60.5% |
| Revenue YoY | -22.0% | -67.7% |
| Net Profit YoY | -22.5% | -529.4% |
| EPS (diluted) | $0.12 | $-0.28 |
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 | $19.8M | ||
| Q3 25 | $29.8M | $22.7M | ||
| Q2 25 | $45.0M | $35.7M | ||
| Q1 25 | $31.8M | $17.5M | ||
| Q4 24 | $36.2M | $61.5M | ||
| Q3 24 | $33.6M | $51.1M | ||
| Q2 24 | $27.2M | $72.4M | ||
| Q1 24 | $28.9M | $58.3M |
| Q4 25 | $5.3M | $-12.0M | ||
| Q3 25 | $6.9M | $-9.3M | ||
| Q2 25 | $108.6M | $-10.4M | ||
| Q1 25 | $4.0M | $-17.6M | ||
| Q4 24 | $6.9M | $2.8M | ||
| Q3 24 | $4.0M | $-1.2M | ||
| Q2 24 | $-8.2M | $9.6M | ||
| Q1 24 | $-103.4M | $4.3M |
| Q4 25 | 43.6% | -46.7% | ||
| Q3 25 | 50.2% | -30.1% | ||
| Q2 25 | 56.5% | -24.6% | ||
| Q1 25 | 49.3% | -83.0% | ||
| Q4 24 | 52.6% | 9.1% | ||
| Q3 24 | 50.6% | 0.7% | ||
| Q2 24 | 39.4% | 12.0% | ||
| Q1 24 | 30.9% | 8.6% |
| Q4 25 | 26.6% | -62.9% | ||
| Q3 25 | 31.9% | -42.9% | ||
| Q2 25 | 36.5% | -33.4% | ||
| Q1 25 | 23.1% | -107.4% | ||
| Q4 24 | 28.6% | 2.6% | ||
| Q3 24 | 24.0% | -5.6% | ||
| Q2 24 | -9.5% | 7.5% | ||
| Q1 24 | -27.5% | 3.8% |
| Q4 25 | 18.9% | -60.5% | ||
| Q3 25 | 23.1% | -41.1% | ||
| Q2 25 | 241.4% | -29.2% | ||
| Q1 25 | 12.6% | -100.6% | ||
| Q4 24 | 19.0% | 4.5% | ||
| Q3 24 | 11.8% | -2.3% | ||
| Q2 24 | -30.1% | 13.2% | ||
| Q1 24 | -357.1% | 7.4% |
| Q4 25 | $0.12 | $-0.28 | ||
| Q3 25 | $0.14 | $-0.21 | ||
| Q2 25 | $2.28 | $-0.24 | ||
| Q1 25 | $0.08 | $-0.40 | ||
| Q4 24 | $1.23 | $0.06 | ||
| Q3 24 | $0.11 | $-0.03 | ||
| Q2 24 | $-0.28 | $0.22 | ||
| Q1 24 | $-3.91 | $0.10 |
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 | $51.3M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $154.7M |
| Total Assets | $112.6M | $192.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $51.3M | ||
| Q3 25 | $12.5M | $85.6M | ||
| Q2 25 | $6.8M | $95.2M | ||
| Q1 25 | $2.9M | $97.1M | ||
| Q4 24 | $4.4M | $109.5M | ||
| Q3 24 | $5.8M | $133.4M | ||
| Q2 24 | $6.1M | $115.1M | ||
| Q1 24 | $4.0M | $201.1M |
| 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 | $154.7M | ||
| Q3 25 | $-10.4M | $169.1M | ||
| Q2 25 | $-17.3M | $178.2M | ||
| Q1 25 | $-126.1M | $188.4M | ||
| Q4 24 | $-130.3M | $205.8M | ||
| Q3 24 | $-137.5M | $213.3M | ||
| Q2 24 | $-157.2M | $214.4M | ||
| Q1 24 | $-149.6M | $204.8M |
| Q4 25 | $112.6M | $192.2M | ||
| Q3 25 | $121.4M | $203.5M | ||
| Q2 25 | $127.8M | $218.2M | ||
| Q1 25 | $114.6M | $227.7M | ||
| Q4 24 | $116.4M | $247.7M | ||
| Q3 24 | $114.2M | $256.5M | ||
| Q2 24 | $113.4M | $261.2M | ||
| Q1 24 | $120.3M | $365.4M |
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 | $-27.4M |
| Free Cash FlowOCF − Capex | — | $-29.9M |
| FCF MarginFCF / Revenue | — | -150.5% |
| Capex IntensityCapex / Revenue | — | 12.2% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-46.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-27.4M | ||
| Q3 25 | $12.2M | $-1.1M | ||
| Q2 25 | $10.3M | $5.2M | ||
| Q1 25 | $3.7M | $-5.4M | ||
| Q4 24 | $-8.6M | $-16.6M | ||
| Q3 24 | $-2.3M | $25.8M | ||
| Q2 24 | $-3.2M | $27.8M | ||
| Q1 24 | $-2.0M | $-12.2M |
| Q4 25 | — | $-29.9M | ||
| Q3 25 | — | $-6.5M | ||
| Q2 25 | — | $-263.0K | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | — | $-20.7M | ||
| Q3 24 | $-2.4M | $20.5M | ||
| Q2 24 | — | $24.8M | ||
| Q1 24 | — | $-14.5M |
| Q4 25 | — | -150.5% | ||
| Q3 25 | — | -28.5% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -53.6% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | -7.1% | 40.1% | ||
| Q2 24 | — | 34.3% | ||
| Q1 24 | — | -24.9% |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 0.0% | 23.5% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 0.1% | 10.4% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | -5.94× | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | -2.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AREN
Segment breakdown not available.
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
