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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and LCNB CORP (LCNB). 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 $23.9M, roughly 1.2× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs 18.9%, a 4.8% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -22.0%). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% 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.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
AREN vs LCNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $23.9M |
| Net Profit | $5.3M | $5.7M |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | 29.2% |
| Net Margin | 18.9% | 23.7% |
| Revenue YoY | -22.0% | 5.1% |
| Net Profit YoY | -22.5% | -7.6% |
| EPS (diluted) | $0.12 | $0.40 |
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 | $23.9M | ||
| Q3 25 | $29.8M | $23.8M | ||
| Q2 25 | $45.0M | $22.8M | ||
| Q1 25 | $31.8M | $21.5M | ||
| Q4 24 | $36.2M | $22.7M | ||
| Q3 24 | $33.6M | $21.4M | ||
| Q2 24 | $27.2M | $19.3M | ||
| Q1 24 | $28.9M | $17.8M |
| Q4 25 | $5.3M | $5.7M | ||
| Q3 25 | $6.9M | $6.9M | ||
| Q2 25 | $108.6M | $5.9M | ||
| Q1 25 | $4.0M | $4.6M | ||
| Q4 24 | $6.9M | $6.1M | ||
| Q3 24 | $4.0M | $4.5M | ||
| Q2 24 | $-8.2M | $925.0K | ||
| Q1 24 | $-103.4M | $1.9M |
| 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% | — |
| Q4 25 | 26.6% | 29.2% | ||
| Q3 25 | 31.9% | 35.6% | ||
| Q2 25 | 36.5% | 31.6% | ||
| Q1 25 | 23.1% | 25.6% | ||
| Q4 24 | 28.6% | 32.9% | ||
| Q3 24 | 24.0% | 24.9% | ||
| Q2 24 | -9.5% | 4.9% | ||
| Q1 24 | -27.5% | 12.5% |
| Q4 25 | 18.9% | 23.7% | ||
| Q3 25 | 23.1% | 29.1% | ||
| Q2 25 | 241.4% | 26.0% | ||
| Q1 25 | 12.6% | 21.4% | ||
| Q4 24 | 19.0% | 27.0% | ||
| Q3 24 | 11.8% | 21.2% | ||
| Q2 24 | -30.1% | 4.8% | ||
| Q1 24 | -357.1% | 10.7% |
| Q4 25 | $0.12 | $0.40 | ||
| Q3 25 | $0.14 | $0.49 | ||
| Q2 25 | $2.28 | $0.41 | ||
| Q1 25 | $0.08 | $0.33 | ||
| Q4 24 | $1.23 | $0.44 | ||
| Q3 24 | $0.11 | $0.31 | ||
| Q2 24 | $-0.28 | $0.07 | ||
| Q1 24 | $-3.91 | $0.15 |
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 | $21.6M |
| Total DebtLower is stronger | $97.6M | $104.4M |
| Stockholders' EquityBook value | $-4.8M | $273.9M |
| Total Assets | $112.6M | $2.2B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $21.6M | ||
| Q3 25 | $12.5M | $35.9M | ||
| Q2 25 | $6.8M | $49.8M | ||
| Q1 25 | $2.9M | $37.7M | ||
| Q4 24 | $4.4M | $35.7M | ||
| Q3 24 | $5.8M | $39.4M | ||
| Q2 24 | $6.1M | $34.9M | ||
| Q1 24 | $4.0M | $33.0M |
| Q4 25 | $97.6M | $104.4M | ||
| Q3 25 | $110.5M | $104.7M | ||
| Q2 25 | $110.5M | $105.0M | ||
| Q1 25 | $110.5M | $104.6M | ||
| Q4 24 | $110.4M | $155.2M | ||
| Q3 24 | $102.4M | $155.7M | ||
| Q2 24 | $102.4M | $162.2M | ||
| Q1 24 | $102.3M | $162.6M |
| Q4 25 | $-4.8M | $273.9M | ||
| Q3 25 | $-10.4M | $269.9M | ||
| Q2 25 | $-17.3M | $263.5M | ||
| Q1 25 | $-126.1M | $258.7M | ||
| Q4 24 | $-130.3M | $253.0M | ||
| Q3 24 | $-137.5M | $253.2M | ||
| Q2 24 | $-157.2M | $245.2M | ||
| Q1 24 | $-149.6M | $233.7M |
| Q4 25 | $112.6M | $2.2B | ||
| Q3 25 | $121.4M | $2.2B | ||
| Q2 25 | $127.8M | $2.3B | ||
| Q1 25 | $114.6M | $2.3B | ||
| Q4 24 | $116.4M | $2.3B | ||
| Q3 24 | $114.2M | $2.3B | ||
| Q2 24 | $113.4M | $2.4B | ||
| Q1 24 | $120.3M | $2.3B |
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.70× |
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 | $34.4M |
| Free Cash FlowOCF − Capex | — | $33.4M |
| FCF MarginFCF / Revenue | — | 140.2% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | 2.46× | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $34.4M | ||
| Q3 25 | $12.2M | $14.0M | ||
| Q2 25 | $10.3M | $5.5M | ||
| Q1 25 | $3.7M | $2.2M | ||
| Q4 24 | $-8.6M | $93.2M | ||
| Q3 24 | $-2.3M | $11.9M | ||
| Q2 24 | $-3.2M | $54.9M | ||
| Q1 24 | $-2.0M | $-11.9M |
| Q4 25 | — | $33.4M | ||
| Q3 25 | — | $13.7M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $89.4M | ||
| Q3 24 | $-2.4M | $10.5M | ||
| Q2 24 | — | $53.8M | ||
| Q1 24 | — | $-12.8M |
| Q4 25 | — | 140.2% | ||
| Q3 25 | — | 57.4% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 394.0% | ||
| Q3 24 | -7.1% | 49.0% | ||
| Q2 24 | — | 278.6% | ||
| Q1 24 | — | -71.8% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | 0.1% | 6.7% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | 2.46× | 6.08× | ||
| Q3 25 | 1.77× | 2.02× | ||
| Q2 25 | 0.09× | 0.92× | ||
| Q1 25 | 0.91× | 0.48× | ||
| Q4 24 | -1.25× | 15.23× | ||
| Q3 24 | -0.59× | 2.63× | ||
| Q2 24 | — | 59.35× | ||
| Q1 24 | — | -6.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
