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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and SAUL CENTERS, INC. (BFS). Click either name above to swap in a different company.
SAUL CENTERS, INC. is the larger business by last-quarter revenue ($75.1M vs $61.3M, roughly 1.2× Atlanta Braves Holdings, Inc.). SAUL CENTERS, INC. runs the higher net margin — 8.7% vs -67.6%, a 76.3% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 10.6%). Over the past eight quarters, SAUL CENTERS, INC.'s revenue compounded faster (6.2% 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.
Saul Centers, Inc. is a self-administered real estate investment trust (REIT) headquartered in the United States. It primarily owns, operates, and develops high-quality shopping centers, mixed-use properties, and multifamily residential assets, with its core portfolio concentrated in the Washington D.C. metropolitan area and other select high-growth U.S. regional markets.
BATRA vs BFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $75.1M |
| Net Profit | $-41.4M | $6.5M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 65.4% |
| Net Margin | -67.6% | 8.7% |
| Revenue YoY | 17.6% | 10.6% |
| Net Profit YoY | -116.7% | -19.6% |
| EPS (diluted) | $-0.64 | $0.15 |
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 | $75.1M | ||
| Q3 25 | $311.5M | $72.0M | ||
| Q2 25 | $312.4M | $70.8M | ||
| Q1 25 | $47.2M | $71.9M | ||
| Q4 24 | $52.1M | $67.9M | ||
| Q3 24 | $290.7M | $67.3M | ||
| Q2 24 | $282.9M | $66.9M | ||
| Q1 24 | — | $66.7M |
| Q4 25 | $-41.4M | $6.5M | ||
| Q3 25 | $30.0M | $10.5M | ||
| Q2 25 | $29.5M | $10.7M | ||
| Q1 25 | $-41.4M | $9.8M | ||
| Q4 24 | $-19.1M | $8.1M | ||
| Q3 24 | $10.0M | $14.5M | ||
| Q2 24 | $29.1M | $14.4M | ||
| Q1 24 | — | $13.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 73.6% | ||
| Q2 24 | — | 74.2% | ||
| Q1 24 | — | 72.8% |
| Q4 25 | -81.2% | 65.4% | ||
| Q3 25 | 12.5% | 69.1% | ||
| Q2 25 | 13.4% | 68.7% | ||
| Q1 25 | -94.2% | 66.5% | ||
| Q4 24 | -35.8% | 82.9% | ||
| Q3 24 | 2.2% | 72.8% | ||
| Q2 24 | 8.8% | 75.0% | ||
| Q1 24 | — | 72.4% |
| Q4 25 | -67.6% | 8.7% | ||
| Q3 25 | 9.6% | 14.6% | ||
| Q2 25 | 9.4% | 15.1% | ||
| Q1 25 | -87.7% | 13.6% | ||
| Q4 24 | -36.7% | 11.9% | ||
| Q3 24 | 3.4% | 21.5% | ||
| Q2 24 | 10.3% | 21.6% | ||
| Q1 24 | — | 20.4% |
| Q4 25 | $-0.64 | $0.15 | ||
| Q3 25 | $0.47 | $0.32 | ||
| Q2 25 | $0.46 | $0.33 | ||
| Q1 25 | $-0.66 | $0.29 | ||
| Q4 24 | $-0.29 | $0.22 | ||
| Q3 24 | $0.16 | $0.48 | ||
| Q2 24 | $0.46 | $0.48 | ||
| Q1 24 | — | $0.45 |
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 | $8.7M |
| Total DebtLower is stronger | $738.6M | $468.4M |
| Stockholders' EquityBook value | $526.0M | $307.8M |
| Total Assets | $1.6B | $2.2B |
| Debt / EquityLower = less leverage | 1.40× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $8.7M | ||
| Q3 25 | $82.2M | $11.8M | ||
| Q2 25 | $96.2M | $5.3M | ||
| Q1 25 | $244.7M | $6.5M | ||
| Q4 24 | $110.1M | $10.3M | ||
| Q3 24 | $100.9M | $7.2M | ||
| Q2 24 | $121.2M | $6.9M | ||
| Q1 24 | — | $7.1M |
| Q4 25 | $738.6M | $468.4M | ||
| Q3 25 | $759.9M | $1.6B | ||
| Q2 25 | $703.1M | $1.6B | ||
| Q1 25 | $699.5M | $1.5B | ||
| Q4 24 | $617.1M | $455.8M | ||
| Q3 24 | $640.1M | $1.5B | ||
| Q2 24 | $600.0M | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $526.0M | $307.8M | ||
| Q3 25 | $560.3M | $316.6M | ||
| Q2 25 | $522.8M | $322.4M | ||
| Q1 25 | $486.1M | $328.4M | ||
| Q4 24 | $524.2M | $335.8M | ||
| Q3 24 | $530.4M | $341.8M | ||
| Q2 24 | $512.7M | $345.7M | ||
| Q1 24 | — | $347.1M |
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | 1.40× | 1.52× | ||
| Q3 25 | 1.36× | 5.02× | ||
| Q2 25 | 1.34× | 4.85× | ||
| Q1 25 | 1.44× | 4.70× | ||
| Q4 24 | 1.18× | 1.36× | ||
| Q3 24 | 1.21× | 4.37× | ||
| Q2 24 | 1.17× | 4.17× | ||
| Q1 24 | — | 4.06× |
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 | $99.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 15.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $99.8M | ||
| Q3 25 | $-88.8M | $20.6M | ||
| Q2 25 | $-8.1M | $26.6M | ||
| Q1 25 | $95.8M | $30.4M | ||
| Q4 24 | $28.9M | $121.2M | ||
| Q3 24 | $-69.0M | $26.5M | ||
| Q2 24 | $-34.3M | $32.1M | ||
| Q1 24 | — | $33.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.3M | — | ||
| Q1 25 | $76.3M | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $-85.5M | $-28.3M | ||
| Q2 24 | $-64.1M | $-12.5M | ||
| Q1 24 | — | $-11.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -26.3% | — | ||
| Q1 25 | 161.5% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -29.4% | -42.1% | ||
| Q2 24 | -22.7% | -18.7% | ||
| Q1 24 | — | -17.6% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 41.3% | — | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 5.7% | 81.5% | ||
| Q2 24 | 10.5% | 66.7% | ||
| Q1 24 | — | 68.3% |
| Q4 25 | — | 15.35× | ||
| Q3 25 | -2.96× | 1.97× | ||
| Q2 25 | -0.28× | 2.48× | ||
| Q1 25 | — | 3.10× | ||
| Q4 24 | — | 14.98× | ||
| Q3 24 | -6.89× | 1.83× | ||
| Q2 24 | -1.18× | 2.22× | ||
| Q1 24 | — | 2.48× |
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% |
BFS
Segment breakdown not available.
