vs
Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Canopy Growth Corp (CGC). 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 $54.4M, roughly 1.1× Canopy Growth Corp). Atlanta Braves Holdings, Inc. runs the higher net margin — -67.6% vs -84.0%, a 16.4% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -0.3%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% 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.
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
BATRA vs CGC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $54.4M |
| Net Profit | $-41.4M | $-45.7M |
| Gross Margin | — | 28.8% |
| Operating Margin | -81.2% | -35.3% |
| Net Margin | -67.6% | -84.0% |
| Revenue YoY | 17.6% | -0.3% |
| Net Profit YoY | -116.7% | 48.6% |
| EPS (diluted) | $-0.64 | — |
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 | $54.4M | ||
| Q3 25 | $311.5M | $48.7M | ||
| Q2 25 | $312.4M | $52.7M | ||
| Q1 25 | $47.2M | $47.5M | ||
| Q4 24 | $52.1M | $54.6M | ||
| Q3 24 | $290.7M | $46.0M | ||
| Q2 24 | $282.9M | $48.3M | ||
| Q1 24 | — | $53.1M |
| Q4 25 | $-41.4M | $-45.7M | ||
| Q3 25 | $30.0M | $-1.2M | ||
| Q2 25 | $29.5M | $-30.3M | ||
| Q1 25 | $-41.4M | — | ||
| Q4 24 | $-19.1M | $-89.0M | ||
| Q3 24 | $10.0M | $-93.7M | ||
| Q2 24 | $29.1M | $-92.8M | ||
| Q1 24 | — | — |
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 25.0% | ||
| Q1 25 | — | 16.2% | ||
| Q4 24 | — | 32.2% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 21.3% |
| Q4 25 | -81.2% | -35.3% | ||
| Q3 25 | 12.5% | -25.3% | ||
| Q2 25 | 13.4% | -31.4% | ||
| Q1 25 | -94.2% | — | ||
| Q4 24 | -35.8% | -31.9% | ||
| Q3 24 | 2.2% | -72.9% | ||
| Q2 24 | 8.8% | -44.0% | ||
| Q1 24 | — | — |
| Q4 25 | -67.6% | -84.0% | ||
| Q3 25 | 9.6% | -2.5% | ||
| Q2 25 | 9.4% | -57.6% | ||
| Q1 25 | -87.7% | — | ||
| Q4 24 | -36.7% | -163.0% | ||
| Q3 24 | 3.4% | -203.7% | ||
| Q2 24 | 10.3% | -192.0% | ||
| Q1 24 | — | — |
| Q4 25 | $-0.64 | — | ||
| Q3 25 | $0.47 | — | ||
| Q2 25 | $0.46 | — | ||
| Q1 25 | $-0.66 | — | ||
| Q4 24 | $-0.29 | — | ||
| Q3 24 | $0.16 | — | ||
| Q2 24 | $0.46 | — | ||
| Q1 24 | — | — |
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 | $271.1M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $553.5M |
| Total Assets | $1.6B | $807.5M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $271.1M | ||
| Q3 25 | $82.2M | $217.6M | ||
| Q2 25 | $96.2M | $104.8M | ||
| Q1 25 | $244.7M | $96.0M | ||
| Q4 24 | $110.1M | $130.2M | ||
| Q3 24 | $100.9M | $168.8M | ||
| Q2 24 | $121.2M | $142.3M | ||
| Q1 24 | — | $148.5M |
| 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 | $553.5M | ||
| Q3 25 | $560.3M | $537.3M | ||
| Q2 25 | $522.8M | $357.0M | ||
| Q1 25 | $486.1M | $355.7M | ||
| Q4 24 | $524.2M | $431.8M | ||
| Q3 24 | $530.4M | $372.1M | ||
| Q2 24 | $512.7M | $389.0M | ||
| Q1 24 | — | $365.3M |
| Q4 25 | $1.6B | $807.5M | ||
| Q3 25 | $1.7B | $781.0M | ||
| Q2 25 | $1.7B | $660.4M | ||
| Q1 25 | $1.7B | $669.9M | ||
| Q4 24 | $1.5B | $849.9M | ||
| Q3 24 | $1.6B | $899.6M | ||
| Q2 24 | $1.6B | $938.9M | ||
| Q1 24 | — | $949.2M |
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | — | ||
| Q3 25 | $-88.8M | — | ||
| Q2 25 | $-8.1M | $-7.5M | ||
| Q1 25 | $95.8M | $-121.0M | ||
| Q4 24 | $28.9M | — | ||
| Q3 24 | $-69.0M | — | ||
| Q2 24 | $-34.3M | $-37.8M | ||
| Q1 24 | — | $-205.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.3M | $-8.5M | ||
| Q1 25 | $76.3M | $-128.9M | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $-85.5M | — | ||
| Q2 24 | $-64.1M | $-40.7M | ||
| Q1 24 | — | $-208.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -26.3% | -16.1% | ||
| Q1 25 | 161.5% | -271.5% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -29.4% | — | ||
| Q2 24 | -22.7% | -84.1% | ||
| Q1 24 | — | -392.1% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 23.7% | 1.8% | ||
| Q1 25 | 41.3% | 16.6% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 10.5% | 5.9% | ||
| Q1 24 | — | 4.7% |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | — |
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% |
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
