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

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $28.2M, roughly 1.1× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -12.9%, a 31.8% gap on every dollar of revenue. On growth, SYPRIS SOLUTIONS INC posted the faster year-over-year revenue change (-9.5% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

AREN vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.1× larger
SYPR
$30.3M
$28.2M
AREN
Growing faster (revenue YoY)
SYPR
SYPR
+12.6% gap
SYPR
-9.5%
-22.0%
AREN
Higher net margin
AREN
AREN
31.8% more per $
AREN
18.9%
-12.9%
SYPR
Faster 2-yr revenue CAGR
AREN
AREN
Annualised
AREN
-1.2%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
SYPR
SYPR
Revenue
$28.2M
$30.3M
Net Profit
$5.3M
$-3.9M
Gross Margin
43.6%
4.6%
Operating Margin
26.6%
-10.9%
Net Margin
18.9%
-12.9%
Revenue YoY
-22.0%
-9.5%
Net Profit YoY
-22.5%
-2992.6%
EPS (diluted)
$0.12
$-0.17

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
SYPR
SYPR
Q4 25
$28.2M
$30.3M
Q3 25
$29.8M
$28.7M
Q2 25
$45.0M
$31.4M
Q1 25
$31.8M
$29.5M
Q4 24
$36.2M
$33.4M
Q3 24
$33.6M
$35.7M
Q2 24
$27.2M
$35.5M
Q1 24
$28.9M
$35.6M
Net Profit
AREN
AREN
SYPR
SYPR
Q4 25
$5.3M
$-3.9M
Q3 25
$6.9M
$517.0K
Q2 25
$108.6M
$-2.1M
Q1 25
$4.0M
$-899.0K
Q4 24
$6.9M
$135.0K
Q3 24
$4.0M
$390.0K
Q2 24
$-8.2M
$16.0K
Q1 24
$-103.4M
$-2.2M
Gross Margin
AREN
AREN
SYPR
SYPR
Q4 25
43.6%
4.6%
Q3 25
50.2%
7.2%
Q2 25
56.5%
8.2%
Q1 25
49.3%
11.4%
Q4 24
52.6%
16.1%
Q3 24
50.6%
16.8%
Q2 24
39.4%
15.9%
Q1 24
30.9%
8.1%
Operating Margin
AREN
AREN
SYPR
SYPR
Q4 25
26.6%
-10.9%
Q3 25
31.9%
-6.1%
Q2 25
36.5%
-4.6%
Q1 25
23.1%
-0.4%
Q4 24
28.6%
3.9%
Q3 24
24.0%
4.8%
Q2 24
-9.5%
3.6%
Q1 24
-27.5%
-3.9%
Net Margin
AREN
AREN
SYPR
SYPR
Q4 25
18.9%
-12.9%
Q3 25
23.1%
1.8%
Q2 25
241.4%
-6.5%
Q1 25
12.6%
-3.0%
Q4 24
19.0%
0.4%
Q3 24
11.8%
1.1%
Q2 24
-30.1%
0.0%
Q1 24
-357.1%
-6.2%
EPS (diluted)
AREN
AREN
SYPR
SYPR
Q4 25
$0.12
$-0.17
Q3 25
$0.14
$0.02
Q2 25
$2.28
$-0.09
Q1 25
$0.08
$-0.04
Q4 24
$1.23
$0.00
Q3 24
$0.11
$0.02
Q2 24
$-0.28
$0.00
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
AREN
AREN
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$17.8M
Total Assets
$112.6M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
SYPR
SYPR
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
SYPR
SYPR
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
SYPR
SYPR
Q4 25
$-4.8M
$17.8M
Q3 25
$-10.4M
$20.0M
Q2 25
$-17.3M
$18.7M
Q1 25
$-126.1M
$19.0M
Q4 24
$-130.3M
$19.6M
Q3 24
$-137.5M
$18.2M
Q2 24
$-157.2M
$19.0M
Q1 24
$-149.6M
$20.8M
Total Assets
AREN
AREN
SYPR
SYPR
Q4 25
$112.6M
$107.8M
Q3 25
$121.4M
$112.5M
Q2 25
$127.8M
$105.8M
Q1 25
$114.6M
$110.2M
Q4 24
$116.4M
$119.4M
Q3 24
$114.2M
$121.6M
Q2 24
$113.4M
$124.2M
Q1 24
$120.3M
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$13.1M
$-1.1M
Free Cash FlowOCF − Capex
$-1.5M
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
SYPR
SYPR
Q4 25
$13.1M
$-1.1M
Q3 25
$12.2M
$-178.0K
Q2 25
$10.3M
$1.1M
Q1 25
$3.7M
$-5.5M
Q4 24
$-8.6M
$2.3M
Q3 24
$-2.3M
$-4.8M
Q2 24
$-3.2M
$6.2M
Q1 24
$-2.0M
$-1.7M
Free Cash Flow
AREN
AREN
SYPR
SYPR
Q4 25
$-1.5M
Q3 25
$-390.0K
Q2 25
$941.0K
Q1 25
$-5.5M
Q4 24
$1.9M
Q3 24
$-2.4M
$-4.9M
Q2 24
$6.0M
Q1 24
$-2.0M
FCF Margin
AREN
AREN
SYPR
SYPR
Q4 25
-5.0%
Q3 25
-1.4%
Q2 25
3.0%
Q1 25
-18.8%
Q4 24
5.7%
Q3 24
-7.1%
-13.8%
Q2 24
16.8%
Q1 24
-5.7%
Capex Intensity
AREN
AREN
SYPR
SYPR
Q4 25
1.3%
Q3 25
0.0%
0.7%
Q2 25
0.5%
Q1 25
0.0%
Q4 24
1.2%
Q3 24
0.1%
0.4%
Q2 24
0.5%
Q1 24
0.9%
Cash Conversion
AREN
AREN
SYPR
SYPR
Q4 25
2.46×
Q3 25
1.77×
-0.34×
Q2 25
0.09×
Q1 25
0.91×
Q4 24
-1.25×
17.13×
Q3 24
-0.59×
-12.21×
Q2 24
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AREN
AREN

Segment breakdown not available.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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