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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and DYNEX CAPITAL INC (DX). 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 $43.5M, roughly 1.4× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 17.6%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% 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.

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

BATRA vs DX — Head-to-Head

Bigger by revenue
BATRA
BATRA
1.4× larger
BATRA
$61.3M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+513.7% gap
DX
531.3%
17.6%
BATRA
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
-52.5%
BATRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BATRA
BATRA
DX
DX
Revenue
$61.3M
$43.5M
Net Profit
$-41.4M
Gross Margin
Operating Margin
-81.2%
Net Margin
-67.6%
Revenue YoY
17.6%
531.3%
Net Profit YoY
-116.7%
EPS (diluted)
$-0.64
$1.59

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
BATRA
BATRA
DX
DX
Q4 25
$61.3M
$43.5M
Q3 25
$311.5M
$30.6M
Q2 25
$312.4M
$23.1M
Q1 25
$47.2M
$17.1M
Q4 24
$52.1M
Q3 24
$290.7M
Q2 24
$282.9M
Q1 24
$-3.2M
Net Profit
BATRA
BATRA
DX
DX
Q4 25
$-41.4M
Q3 25
$30.0M
$150.4M
Q2 25
$29.5M
$-13.6M
Q1 25
$-41.4M
$-3.1M
Q4 24
$-19.1M
Q3 24
$10.0M
Q2 24
$29.1M
Q1 24
$40.1M
Operating Margin
BATRA
BATRA
DX
DX
Q4 25
-81.2%
Q3 25
12.5%
Q2 25
13.4%
Q1 25
-94.2%
Q4 24
-35.8%
Q3 24
2.2%
Q2 24
8.8%
Q1 24
Net Margin
BATRA
BATRA
DX
DX
Q4 25
-67.6%
Q3 25
9.6%
491.3%
Q2 25
9.4%
-58.8%
Q1 25
-87.7%
-18.0%
Q4 24
-36.7%
Q3 24
3.4%
Q2 24
10.3%
Q1 24
-1256.8%
EPS (diluted)
BATRA
BATRA
DX
DX
Q4 25
$-0.64
$1.59
Q3 25
$0.47
$1.08
Q2 25
$0.46
$-0.14
Q1 25
$-0.66
$-0.06
Q4 24
$-0.29
Q3 24
$0.16
Q2 24
$0.46
Q1 24
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BATRA
BATRA
DX
DX
Cash + ST InvestmentsLiquidity on hand
$99.9M
$531.0M
Total DebtLower is stronger
$738.6M
Stockholders' EquityBook value
$526.0M
$2.5B
Total Assets
$1.6B
$17.3B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
DX
DX
Q4 25
$99.9M
$531.0M
Q3 25
$82.2M
$491.0M
Q2 25
$96.2M
$387.5M
Q1 25
$244.7M
$327.4M
Q4 24
$110.1M
Q3 24
$100.9M
Q2 24
$121.2M
Q1 24
$295.7M
Total Debt
BATRA
BATRA
DX
DX
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
Stockholders' Equity
BATRA
BATRA
DX
DX
Q4 25
$526.0M
$2.5B
Q3 25
$560.3M
$2.0B
Q2 25
$522.8M
$1.6B
Q1 25
$486.1M
$1.4B
Q4 24
$524.2M
Q3 24
$530.4M
Q2 24
$512.7M
Q1 24
$958.5M
Total Assets
BATRA
BATRA
DX
DX
Q4 25
$1.6B
$17.3B
Q3 25
$1.7B
$14.2B
Q2 25
$1.7B
$11.3B
Q1 25
$1.7B
$9.0B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$6.3B
Debt / Equity
BATRA
BATRA
DX
DX
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
BATRA
BATRA
DX
DX
Operating Cash FlowLast quarter
$26.4M
$120.8M
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.

Operating Cash Flow
BATRA
BATRA
DX
DX
Q4 25
$26.4M
$120.8M
Q3 25
$-88.8M
$68.3M
Q2 25
$-8.1M
$31.9M
Q1 25
$95.8M
$6.4M
Q4 24
$28.9M
Q3 24
$-69.0M
Q2 24
$-34.3M
Q1 24
$-17.1M
Free Cash Flow
BATRA
BATRA
DX
DX
Q4 25
Q3 25
Q2 25
$-82.3M
Q1 25
$76.3M
Q4 24
$16.8M
Q3 24
$-85.5M
Q2 24
$-64.1M
Q1 24
FCF Margin
BATRA
BATRA
DX
DX
Q4 25
Q3 25
Q2 25
-26.3%
Q1 25
161.5%
Q4 24
32.3%
Q3 24
-29.4%
Q2 24
-22.7%
Q1 24
Capex Intensity
BATRA
BATRA
DX
DX
Q4 25
0.0%
Q3 25
0.0%
Q2 25
23.7%
Q1 25
41.3%
Q4 24
23.2%
Q3 24
5.7%
Q2 24
10.5%
Q1 24
Cash Conversion
BATRA
BATRA
DX
DX
Q4 25
Q3 25
-2.96×
0.45×
Q2 25
-0.28×
Q1 25
Q4 24
Q3 24
-6.89×
Q2 24
-1.18×
Q1 24
-0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BATRA
BATRA

Baseball$34.8M57%
Mixed Use Development Segment$26.5M43%

DX
DX

Segment breakdown not available.

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