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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and IT TECH PACKAGING, INC. (ITP). 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 $25.6M, roughly 1.1× IT TECH PACKAGING, INC.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -5.7%, a 24.5% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -22.0%). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% 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.
IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.
AREN vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $25.6M |
| Net Profit | $5.3M | $-1.4M |
| Gross Margin | 43.6% | 7.9% |
| Operating Margin | 26.6% | -3.9% |
| Net Margin | 18.9% | -5.7% |
| Revenue YoY | -22.0% | 2.1% |
| Net Profit YoY | -22.5% | 26.6% |
| EPS (diluted) | $0.12 | $-0.11 |
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 | $25.6M | ||
| Q2 25 | $45.0M | $24.8M | ||
| Q1 25 | $31.8M | $10.9M | ||
| Q4 24 | $36.2M | $17.6M | ||
| Q3 24 | $33.6M | $25.1M | ||
| Q2 24 | $27.2M | $26.2M | ||
| Q1 24 | $28.9M | $6.9M |
| Q4 25 | $5.3M | — | ||
| Q3 25 | $6.9M | $-1.4M | ||
| Q2 25 | $108.6M | $-2.0M | ||
| Q1 25 | $4.0M | $-3.5M | ||
| Q4 24 | $6.9M | $-4.0M | ||
| Q3 24 | $4.0M | $-2.0M | ||
| Q2 24 | $-8.2M | $-77.7K | ||
| Q1 24 | $-103.4M | $-3.7M |
| Q4 25 | 43.6% | — | ||
| Q3 25 | 50.2% | 7.9% | ||
| Q2 25 | 56.5% | 5.1% | ||
| Q1 25 | 49.3% | 0.8% | ||
| Q4 24 | 52.6% | 6.3% | ||
| Q3 24 | 50.6% | 7.6% | ||
| Q2 24 | 39.4% | 12.4% | ||
| Q1 24 | 30.9% | 5.8% |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 31.9% | -3.9% | ||
| Q2 25 | 36.5% | -7.1% | ||
| Q1 25 | 23.1% | -31.0% | ||
| Q4 24 | 28.6% | -21.5% | ||
| Q3 24 | 24.0% | -5.8% | ||
| Q2 24 | -9.5% | 2.1% | ||
| Q1 24 | -27.5% | -51.0% |
| Q4 25 | 18.9% | — | ||
| Q3 25 | 23.1% | -5.7% | ||
| Q2 25 | 241.4% | -7.9% | ||
| Q1 25 | 12.6% | -32.2% | ||
| Q4 24 | 19.0% | -22.9% | ||
| Q3 24 | 11.8% | -7.9% | ||
| Q2 24 | -30.1% | -0.3% | ||
| Q1 24 | -357.1% | -54.6% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | $-0.11 | ||
| Q2 25 | $2.28 | $-0.16 | ||
| Q1 25 | $0.08 | $-0.35 | ||
| Q4 24 | $1.23 | $-0.40 | ||
| Q3 24 | $0.11 | $-0.20 | ||
| Q2 24 | $-0.28 | $-0.01 | ||
| Q1 24 | $-3.91 | $-0.37 |
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 | — |
| Total DebtLower is stronger | $97.6M | $4.7M |
| Stockholders' EquityBook value | $-4.8M | $152.0M |
| Total Assets | $112.6M | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $97.6M | — | ||
| Q3 25 | $110.5M | $4.7M | ||
| Q2 25 | $110.5M | $4.7M | ||
| Q1 25 | $110.5M | $4.7M | ||
| Q4 24 | $110.4M | $4.7M | ||
| Q3 24 | $102.4M | $8.9M | ||
| Q2 24 | $102.4M | $11.3M | ||
| Q1 24 | $102.3M | $11.4M |
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $-10.4M | $152.0M | ||
| Q2 25 | $-17.3M | $152.3M | ||
| Q1 25 | $-126.1M | $152.8M | ||
| Q4 24 | $-130.3M | $156.1M | ||
| Q3 24 | $-137.5M | $164.3M | ||
| Q2 24 | $-157.2M | $163.5M | ||
| Q1 24 | $-149.6M | $164.3M |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $121.4M | $175.7M | ||
| Q2 25 | $127.8M | $175.2M | ||
| Q1 25 | $114.6M | $175.2M | ||
| Q4 24 | $116.4M | $177.5M | ||
| Q3 24 | $114.2M | $190.0M | ||
| Q2 24 | $113.4M | $191.4M | ||
| Q1 24 | $120.3M | $177.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $1.5M |
| Free Cash FlowOCF − Capex | — | $1.5M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | — | ||
| Q3 25 | $12.2M | $1.5M | ||
| Q2 25 | $10.3M | $1.4M | ||
| Q1 25 | $3.7M | $-2.5M | ||
| Q4 24 | $-8.6M | $3.5M | ||
| Q3 24 | $-2.3M | $1.5M | ||
| Q2 24 | $-3.2M | $721.9K | ||
| Q1 24 | $-2.0M | $624.4K |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $-2.5M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | $-2.4M | $1.2M | ||
| Q2 24 | — | $668.3K | ||
| Q1 24 | — | $615.4K |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -22.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | -7.1% | 4.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.1% | 1.0% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
