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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Silvercrest Asset Management Group Inc. (SAMG). Click either name above to swap in a different company.

Silvercrest Asset Management Group Inc. is the larger business by last-quarter revenue ($32.0M vs $28.2M, roughly 1.1× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -0.4%, a 19.3% gap on every dollar of revenue. On growth, Silvercrest Asset Management Group Inc. posted the faster year-over-year revenue change (-0.0% vs -22.0%). Over the past eight quarters, Silvercrest Asset Management Group Inc.'s revenue compounded faster (2.7% 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.

AREN vs SAMG — Head-to-Head

Bigger by revenue
SAMG
SAMG
1.1× larger
SAMG
$32.0M
$28.2M
AREN
Growing faster (revenue YoY)
SAMG
SAMG
+22.0% gap
SAMG
-0.0%
-22.0%
AREN
Higher net margin
AREN
AREN
19.3% more per $
AREN
18.9%
-0.4%
SAMG
Faster 2-yr revenue CAGR
SAMG
SAMG
Annualised
SAMG
2.7%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
SAMG
SAMG
Revenue
$28.2M
$32.0M
Net Profit
$5.3M
$-120.0K
Gross Margin
43.6%
Operating Margin
26.6%
-2.8%
Net Margin
18.9%
-0.4%
Revenue YoY
-22.0%
-0.0%
Net Profit YoY
-22.5%
-107.4%
EPS (diluted)
$0.12
$0.02

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
SAMG
SAMG
Q4 25
$28.2M
$32.0M
Q3 25
$29.8M
$31.3M
Q2 25
$45.0M
$30.7M
Q1 25
$31.8M
$31.4M
Q4 24
$36.2M
$32.0M
Q3 24
$33.6M
$30.4M
Q2 24
$27.2M
$31.0M
Q1 24
$28.9M
$30.3M
Net Profit
AREN
AREN
SAMG
SAMG
Q4 25
$5.3M
$-120.0K
Q3 25
$6.9M
$618.0K
Q2 25
$108.6M
$1.9M
Q1 25
$4.0M
$2.5M
Q4 24
$6.9M
$1.6M
Q3 24
$4.0M
$2.3M
Q2 24
$-8.2M
$2.7M
Q1 24
$-103.4M
$3.0M
Gross Margin
AREN
AREN
SAMG
SAMG
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
SAMG
SAMG
Q4 25
26.6%
-2.8%
Q3 25
31.9%
4.3%
Q2 25
36.5%
13.2%
Q1 25
23.1%
15.4%
Q4 24
28.6%
6.1%
Q3 24
24.0%
14.6%
Q2 24
-9.5%
17.1%
Q1 24
-27.5%
19.5%
Net Margin
AREN
AREN
SAMG
SAMG
Q4 25
18.9%
-0.4%
Q3 25
23.1%
2.0%
Q2 25
241.4%
6.3%
Q1 25
12.6%
7.9%
Q4 24
19.0%
5.1%
Q3 24
11.8%
7.4%
Q2 24
-30.1%
8.6%
Q1 24
-357.1%
9.9%
EPS (diluted)
AREN
AREN
SAMG
SAMG
Q4 25
$0.12
$0.02
Q3 25
$0.14
$0.07
Q2 25
$2.28
$0.21
Q1 25
$0.08
$0.26
Q4 24
$1.23
$0.16
Q3 24
$0.11
$0.24
Q2 24
$-0.28
$0.28
Q1 24
$-3.91
$0.32

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
SAMG
SAMG
Cash + ST InvestmentsLiquidity on hand
$10.3M
$44.1M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$50.3M
Total Assets
$112.6M
$166.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
SAMG
SAMG
Q4 25
$10.3M
$44.1M
Q3 25
$12.5M
$36.1M
Q2 25
$6.8M
$30.0M
Q1 25
$2.9M
$36.3M
Q4 24
$4.4M
$68.6M
Q3 24
$5.8M
$58.1M
Q2 24
$6.1M
$49.9M
Q1 24
$4.0M
$39.7M
Total Debt
AREN
AREN
SAMG
SAMG
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
Stockholders' Equity
AREN
AREN
SAMG
SAMG
Q4 25
$-4.8M
$50.3M
Q3 25
$-10.4M
$58.9M
Q2 25
$-17.3M
$64.6M
Q1 25
$-126.1M
$80.0M
Q4 24
$-130.3M
$80.7M
Q3 24
$-137.5M
$84.6M
Q2 24
$-157.2M
$85.3M
Q1 24
$-149.6M
$83.9M
Total Assets
AREN
AREN
SAMG
SAMG
Q4 25
$112.6M
$166.6M
Q3 25
$121.4M
$157.6M
Q2 25
$127.8M
$152.7M
Q1 25
$114.6M
$159.9M
Q4 24
$116.4M
$194.4M
Q3 24
$114.2M
$184.2M
Q2 24
$113.4M
$177.6M
Q1 24
$120.3M
$170.2M

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
SAMG
SAMG
Operating Cash FlowLast quarter
$13.1M
$18.6M
Free Cash FlowOCF − Capex
$15.0M
FCF MarginFCF / Revenue
46.9%
Capex IntensityCapex / Revenue
11.4%
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters
$17.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
SAMG
SAMG
Q4 25
$13.1M
$18.6M
Q3 25
$12.2M
$14.6M
Q2 25
$10.3M
$13.8M
Q1 25
$3.7M
$-24.7M
Q4 24
$-8.6M
$21.6M
Q3 24
$-2.3M
$13.3M
Q2 24
$-3.2M
$16.0M
Q1 24
$-2.0M
$-24.1M
Free Cash Flow
AREN
AREN
SAMG
SAMG
Q4 25
$15.0M
Q3 25
$13.8M
Q2 25
$13.4M
Q1 25
$-25.1M
Q4 24
$19.9M
Q3 24
$-2.4M
$12.9M
Q2 24
$15.6M
Q1 24
$-24.7M
FCF Margin
AREN
AREN
SAMG
SAMG
Q4 25
46.9%
Q3 25
44.1%
Q2 25
43.6%
Q1 25
-80.0%
Q4 24
62.2%
Q3 24
-7.1%
42.4%
Q2 24
50.4%
Q1 24
-81.6%
Capex Intensity
AREN
AREN
SAMG
SAMG
Q4 25
11.4%
Q3 25
0.0%
2.6%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
5.3%
Q3 24
0.1%
1.2%
Q2 24
1.1%
Q1 24
2.0%
Cash Conversion
AREN
AREN
SAMG
SAMG
Q4 25
2.46×
Q3 25
1.77×
23.62×
Q2 25
0.09×
7.22×
Q1 25
0.91×
-10.01×
Q4 24
-1.25×
13.34×
Q3 24
-0.59×
5.90×
Q2 24
6.00×
Q1 24
-8.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AREN
AREN

Segment breakdown not available.

SAMG
SAMG

Investment Advisory Management And Administrative Service$30.7M96%
Tax And Family Office Services$1.2M4%

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