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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Bank First Corp (BFC). Click either name above to swap in a different company.
Atlanta Braves Holdings, Inc. is the larger business by last-quarter revenue ($61.3M vs $44.9M, roughly 1.4× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -67.6%, a 113.4% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 12.1%). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -52.5%).
Atlanta Braves Holdings, Inc. is a sports and entertainment holding company that owns and operates the Atlanta Braves MLB franchise. It also manages adjacent mixed-use real estate, live events, merchandise sales, and media operations, serving fans across the U.S. Southeast and global baseball audiences.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
BATRA vs BFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $44.9M |
| Net Profit | $-41.4M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 51.0% |
| Net Margin | -67.6% | 45.8% |
| Revenue YoY | 17.6% | 12.1% |
| Net Profit YoY | -116.7% | 4.8% |
| EPS (diluted) | $-0.64 | $1.87 |
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 | $61.3M | $44.9M | ||
| Q3 25 | $311.5M | $44.2M | ||
| Q2 25 | $312.4M | $41.6M | ||
| Q1 25 | $47.2M | $43.1M | ||
| Q4 24 | $52.1M | $40.1M | ||
| Q3 24 | $290.7M | $40.8M | ||
| Q2 24 | $282.9M | $38.9M | ||
| Q1 24 | — | $37.7M |
| Q4 25 | $-41.4M | $18.4M | ||
| Q3 25 | $30.0M | $18.0M | ||
| Q2 25 | $29.5M | $16.9M | ||
| Q1 25 | $-41.4M | $18.2M | ||
| Q4 24 | $-19.1M | $17.5M | ||
| Q3 24 | $10.0M | $16.6M | ||
| Q2 24 | $29.1M | $16.1M | ||
| Q1 24 | — | $15.4M |
| Q4 25 | -81.2% | 51.0% | ||
| Q3 25 | 12.5% | 50.8% | ||
| Q2 25 | 13.4% | 49.7% | ||
| Q1 25 | -94.2% | 51.3% | ||
| Q4 24 | -35.8% | 54.4% | ||
| Q3 24 | 2.2% | 50.7% | ||
| Q2 24 | 8.8% | 51.0% | ||
| Q1 24 | — | 45.6% |
| Q4 25 | -67.6% | 45.8% | ||
| Q3 25 | 9.6% | 40.7% | ||
| Q2 25 | 9.4% | 40.5% | ||
| Q1 25 | -87.7% | 42.3% | ||
| Q4 24 | -36.7% | 49.3% | ||
| Q3 24 | 3.4% | 40.6% | ||
| Q2 24 | 10.3% | 41.3% | ||
| Q1 24 | — | 40.8% |
| Q4 25 | $-0.64 | $1.87 | ||
| Q3 25 | $0.47 | $1.83 | ||
| Q2 25 | $0.46 | $1.71 | ||
| Q1 25 | $-0.66 | $1.82 | ||
| Q4 24 | $-0.29 | $1.75 | ||
| Q3 24 | $0.16 | $1.65 | ||
| Q2 24 | $0.46 | $1.59 | ||
| Q1 24 | — | $1.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $99.9M | $243.2M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $643.8M |
| Total Assets | $1.6B | $4.5B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $243.2M | ||
| Q3 25 | $82.2M | $126.2M | ||
| Q2 25 | $96.2M | $120.3M | ||
| Q1 25 | $244.7M | $300.9M | ||
| Q4 24 | $110.1M | $261.3M | ||
| Q3 24 | $100.9M | $204.4M | ||
| Q2 24 | $121.2M | $99.0M | ||
| Q1 24 | — | $83.4M |
| Q4 25 | $738.6M | — | ||
| Q3 25 | $759.9M | — | ||
| Q2 25 | $703.1M | — | ||
| Q1 25 | $699.5M | — | ||
| Q4 24 | $617.1M | — | ||
| Q3 24 | $640.1M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $526.0M | $643.8M | ||
| Q3 25 | $560.3M | $628.1M | ||
| Q2 25 | $522.8M | $612.3M | ||
| Q1 25 | $486.1M | $648.4M | ||
| Q4 24 | $524.2M | $639.7M | ||
| Q3 24 | $530.4M | $628.9M | ||
| Q2 24 | $512.7M | $614.6M | ||
| Q1 24 | — | $609.3M |
| Q4 25 | $1.6B | $4.5B | ||
| Q3 25 | $1.7B | $4.4B | ||
| Q2 25 | $1.7B | $4.4B | ||
| Q1 25 | $1.7B | $4.5B | ||
| Q4 24 | $1.5B | $4.5B | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.6B | $4.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.18× | — | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | — | — |
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 | $26.4M | $62.5M |
| Free Cash FlowOCF − Capex | — | $51.0M |
| FCF MarginFCF / Revenue | — | 113.6% |
| Capex IntensityCapex / Revenue | 0.0% | 25.5% |
| Cash ConversionOCF / Net Profit | — | 3.40× |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $62.5M | ||
| Q3 25 | $-88.8M | $15.5M | ||
| Q2 25 | $-8.1M | $11.9M | ||
| Q1 25 | $95.8M | $6.2M | ||
| Q4 24 | $28.9M | $65.8M | ||
| Q3 24 | $-69.0M | $18.8M | ||
| Q2 24 | $-34.3M | $14.9M | ||
| Q1 24 | — | $1.3M |
| Q4 25 | — | $51.0M | ||
| Q3 25 | — | $12.5M | ||
| Q2 25 | $-82.3M | $8.2M | ||
| Q1 25 | $76.3M | $4.0M | ||
| Q4 24 | $16.8M | $58.6M | ||
| Q3 24 | $-85.5M | $16.9M | ||
| Q2 24 | $-64.1M | $13.7M | ||
| Q1 24 | — | $551.0K |
| Q4 25 | — | 113.6% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | -26.3% | 19.8% | ||
| Q1 25 | 161.5% | 9.3% | ||
| Q4 24 | 32.3% | 146.3% | ||
| Q3 24 | -29.4% | 41.5% | ||
| Q2 24 | -22.7% | 35.3% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 0.0% | 25.5% | ||
| Q3 25 | 0.0% | 6.7% | ||
| Q2 25 | 23.7% | 8.7% | ||
| Q1 25 | 41.3% | 5.0% | ||
| Q4 24 | 23.2% | 18.0% | ||
| Q3 24 | 5.7% | 4.5% | ||
| Q2 24 | 10.5% | 3.1% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | — | 3.40× | ||
| Q3 25 | -2.96× | 0.86× | ||
| Q2 25 | -0.28× | 0.70× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 3.75× | ||
| Q3 24 | -6.89× | 1.13× | ||
| Q2 24 | -1.18× | 0.93× | ||
| Q1 24 | — | 0.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BATRA
| Baseball | $34.8M | 57% |
| Mixed Use Development Segment | $26.5M | 43% |
BFC
Segment breakdown not available.
