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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Clarus Corp (CLAR). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $61.3M, roughly 1.1× Atlanta Braves Holdings, Inc.). Clarus Corp runs the higher net margin — -47.8% vs -67.6%, a 19.8% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -8.4%). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% 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.
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
BATRA vs CLAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $65.4M |
| Net Profit | $-41.4M | $-31.3M |
| Gross Margin | — | 27.7% |
| Operating Margin | -81.2% | -59.6% |
| Net Margin | -67.6% | -47.8% |
| Revenue YoY | 17.6% | -8.4% |
| Net Profit YoY | -116.7% | 52.3% |
| EPS (diluted) | $-0.64 | $-0.81 |
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 | $65.4M | ||
| Q3 25 | $311.5M | $69.3M | ||
| Q2 25 | $312.4M | $55.2M | ||
| Q1 25 | $47.2M | $60.4M | ||
| Q4 24 | $52.1M | $71.4M | ||
| Q3 24 | $290.7M | $67.1M | ||
| Q2 24 | $282.9M | $56.5M | ||
| Q1 24 | — | $69.3M |
| Q4 25 | $-41.4M | $-31.3M | ||
| Q3 25 | $30.0M | $-1.6M | ||
| Q2 25 | $29.5M | $-8.4M | ||
| Q1 25 | $-41.4M | $-5.2M | ||
| Q4 24 | $-19.1M | $-65.5M | ||
| Q3 24 | $10.0M | $-3.2M | ||
| Q2 24 | $29.1M | $-5.5M | ||
| Q1 24 | — | $21.9M |
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 33.4% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 35.9% |
| Q4 25 | -81.2% | -59.6% | ||
| Q3 25 | 12.5% | -4.4% | ||
| Q2 25 | 13.4% | -19.7% | ||
| Q1 25 | -94.2% | -11.2% | ||
| Q4 24 | -35.8% | -70.2% | ||
| Q3 24 | 2.2% | -8.0% | ||
| Q2 24 | 8.8% | -14.4% | ||
| Q1 24 | — | -9.8% |
| Q4 25 | -67.6% | -47.8% | ||
| Q3 25 | 9.6% | -2.3% | ||
| Q2 25 | 9.4% | -15.3% | ||
| Q1 25 | -87.7% | -8.7% | ||
| Q4 24 | -36.7% | -91.8% | ||
| Q3 24 | 3.4% | -4.7% | ||
| Q2 24 | 10.3% | -9.7% | ||
| Q1 24 | — | 31.6% |
| Q4 25 | $-0.64 | $-0.81 | ||
| Q3 25 | $0.47 | $-0.04 | ||
| Q2 25 | $0.46 | $-0.22 | ||
| Q1 25 | $-0.66 | $-0.14 | ||
| Q4 24 | $-0.29 | $-1.72 | ||
| Q3 24 | $0.16 | $-0.08 | ||
| Q2 24 | $0.46 | $-0.14 | ||
| Q1 24 | — | $0.57 |
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 | $36.7M |
| Total DebtLower is stronger | $738.6M | $0 |
| Stockholders' EquityBook value | $526.0M | $196.4M |
| Total Assets | $1.6B | $249.0M |
| Debt / EquityLower = less leverage | 1.40× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $36.7M | ||
| Q3 25 | $82.2M | $29.5M | ||
| Q2 25 | $96.2M | $28.5M | ||
| Q1 25 | $244.7M | $41.3M | ||
| Q4 24 | $110.1M | $45.4M | ||
| Q3 24 | $100.9M | $36.4M | ||
| Q2 24 | $121.2M | $46.2M | ||
| Q1 24 | — | $47.5M |
| Q4 25 | $738.6M | $0 | ||
| Q3 25 | $759.9M | $2.0M | ||
| Q2 25 | $703.1M | $1.9M | ||
| Q1 25 | $699.5M | $1.9M | ||
| Q4 24 | $617.1M | $1.9M | ||
| Q3 24 | $640.1M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | — | $37.0K |
| Q4 25 | $526.0M | $196.4M | ||
| Q3 25 | $560.3M | $225.8M | ||
| Q2 25 | $522.8M | $225.1M | ||
| Q1 25 | $486.1M | $229.3M | ||
| Q4 24 | $524.2M | $233.1M | ||
| Q3 24 | $530.4M | $308.5M | ||
| Q2 24 | $512.7M | $307.3M | ||
| Q1 24 | — | $310.4M |
| Q4 25 | $1.6B | $249.0M | ||
| Q3 25 | $1.7B | $283.1M | ||
| Q2 25 | $1.7B | $286.5M | ||
| Q1 25 | $1.7B | $292.8M | ||
| Q4 24 | $1.5B | $294.1M | ||
| Q3 24 | $1.6B | $375.3M | ||
| Q2 24 | $1.6B | $369.4M | ||
| Q1 24 | — | $377.0M |
| Q4 25 | 1.40× | 0.00× | ||
| Q3 25 | 1.36× | 0.01× | ||
| Q2 25 | 1.34× | 0.01× | ||
| Q1 25 | 1.44× | 0.01× | ||
| Q4 24 | 1.18× | 0.01× | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | — | 0.00× |
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 | $12.5M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 17.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $12.5M | ||
| Q3 25 | $-88.8M | $-5.7M | ||
| Q2 25 | $-8.1M | $-9.4M | ||
| Q1 25 | $95.8M | $-2.1M | ||
| Q4 24 | $28.9M | $16.6M | ||
| Q3 24 | $-69.0M | $-8.3M | ||
| Q2 24 | $-34.3M | $834.0K | ||
| Q1 24 | — | $-16.4M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-7.0M | ||
| Q2 25 | $-82.3M | $-11.3M | ||
| Q1 25 | $76.3M | $-3.3M | ||
| Q4 24 | $16.8M | $14.4M | ||
| Q3 24 | $-85.5M | $-9.4M | ||
| Q2 24 | $-64.1M | $-744.0K | ||
| Q1 24 | — | $-18.3M |
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | -10.0% | ||
| Q2 25 | -26.3% | -20.4% | ||
| Q1 25 | 161.5% | -5.4% | ||
| Q4 24 | 32.3% | 20.1% | ||
| Q3 24 | -29.4% | -14.0% | ||
| Q2 24 | -22.7% | -1.3% | ||
| Q1 24 | — | -26.3% |
| Q4 25 | 0.0% | 1.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 23.7% | 3.4% | ||
| Q1 25 | 41.3% | 2.0% | ||
| Q4 24 | 23.2% | 3.1% | ||
| Q3 24 | 5.7% | 1.6% | ||
| Q2 24 | 10.5% | 2.8% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | -0.75× |
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% |
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
