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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and FARMER BROTHERS CO (FARM). Click either name above to swap in a different company.

FARMER BROTHERS CO is the larger business by last-quarter revenue ($88.9M vs $61.3M, roughly 1.5× Atlanta Braves Holdings, Inc.). FARMER BROTHERS CO runs the higher net margin — -5.5% vs -67.6%, a 62.1% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -1.2%). Over the past eight quarters, FARMER BROTHERS CO's revenue compounded faster (2.1% 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.

Farmer Bros. Co. is an American coffee foodservice company based in Fort Worth, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. John Moore serves as the company's president and chief executive officer.

BATRA vs FARM — Head-to-Head

Bigger by revenue
FARM
FARM
1.5× larger
FARM
$88.9M
$61.3M
BATRA
Growing faster (revenue YoY)
BATRA
BATRA
+18.8% gap
BATRA
17.6%
-1.2%
FARM
Higher net margin
FARM
FARM
62.1% more per $
FARM
-5.5%
-67.6%
BATRA
Faster 2-yr revenue CAGR
FARM
FARM
Annualised
FARM
2.1%
-52.5%
BATRA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BATRA
BATRA
FARM
FARM
Revenue
$61.3M
$88.9M
Net Profit
$-41.4M
$-4.9M
Gross Margin
36.3%
Operating Margin
-81.2%
-4.7%
Net Margin
-67.6%
-5.5%
Revenue YoY
17.6%
-1.2%
Net Profit YoY
-116.7%
-2417.1%
EPS (diluted)
$-0.64
$-0.22

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
FARM
FARM
Q4 25
$61.3M
$88.9M
Q3 25
$311.5M
$81.6M
Q2 25
$312.4M
$85.1M
Q1 25
$47.2M
$82.1M
Q4 24
$52.1M
$90.0M
Q3 24
$290.7M
$85.1M
Q2 24
$282.9M
$84.4M
Q1 24
$85.4M
Net Profit
BATRA
BATRA
FARM
FARM
Q4 25
$-41.4M
$-4.9M
Q3 25
$30.0M
$-4.0M
Q2 25
$29.5M
$-4.7M
Q1 25
$-41.4M
$-5.0M
Q4 24
$-19.1M
$210.0K
Q3 24
$10.0M
$-5.0M
Q2 24
$29.1M
$-4.6M
Q1 24
$-682.0K
Gross Margin
BATRA
BATRA
FARM
FARM
Q4 25
36.3%
Q3 25
39.7%
Q2 25
44.9%
Q1 25
42.1%
Q4 24
43.1%
Q3 24
43.9%
Q2 24
38.8%
Q1 24
40.1%
Operating Margin
BATRA
BATRA
FARM
FARM
Q4 25
-81.2%
-4.7%
Q3 25
12.5%
-3.9%
Q2 25
13.4%
4.6%
Q1 25
-94.2%
-4.3%
Q4 24
-35.8%
1.1%
Q3 24
2.2%
-3.3%
Q2 24
8.8%
-4.9%
Q1 24
-0.5%
Net Margin
BATRA
BATRA
FARM
FARM
Q4 25
-67.6%
-5.5%
Q3 25
9.6%
-4.9%
Q2 25
9.4%
-5.6%
Q1 25
-87.7%
-6.1%
Q4 24
-36.7%
0.2%
Q3 24
3.4%
-5.9%
Q2 24
10.3%
-5.4%
Q1 24
-0.8%
EPS (diluted)
BATRA
BATRA
FARM
FARM
Q4 25
$-0.64
$-0.22
Q3 25
$0.47
$-0.19
Q2 25
$0.46
$-0.22
Q1 25
$-0.66
$-0.23
Q4 24
$-0.29
$0.01
Q3 24
$0.16
$-0.24
Q2 24
$0.46
$-0.23
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
BATRA
BATRA
FARM
FARM
Cash + ST InvestmentsLiquidity on hand
$99.9M
$4.2M
Total DebtLower is stronger
$738.6M
Stockholders' EquityBook value
$526.0M
$35.7M
Total Assets
$1.6B
$151.4M
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
FARM
FARM
Q4 25
$99.9M
$4.2M
Q3 25
$82.2M
$3.8M
Q2 25
$96.2M
$6.8M
Q1 25
$244.7M
$4.1M
Q4 24
$110.1M
$5.5M
Q3 24
$100.9M
$3.3M
Q2 24
$121.2M
$5.8M
Q1 24
$5.5M
Total Debt
BATRA
BATRA
FARM
FARM
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
FARM
FARM
Q4 25
$526.0M
$35.7M
Q3 25
$560.3M
$40.0M
Q2 25
$522.8M
$43.5M
Q1 25
$486.1M
$37.3M
Q4 24
$524.2M
$41.5M
Q3 24
$530.4M
$40.9M
Q2 24
$512.7M
$45.5M
Q1 24
$43.1M
Total Assets
BATRA
BATRA
FARM
FARM
Q4 25
$1.6B
$151.4M
Q3 25
$1.7B
$158.8M
Q2 25
$1.7B
$161.2M
Q1 25
$1.7B
$163.2M
Q4 24
$1.5B
$179.1M
Q3 24
$1.6B
$182.0M
Q2 24
$1.6B
$185.2M
Q1 24
$179.1M
Debt / Equity
BATRA
BATRA
FARM
FARM
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
FARM
FARM
Operating Cash FlowLast quarter
$26.4M
$-786.0K
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
0.0%
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATRA
BATRA
FARM
FARM
Q4 25
$26.4M
$-786.0K
Q3 25
$-88.8M
$-5.0M
Q2 25
$-8.1M
$9.7M
Q1 25
$95.8M
$1.3M
Q4 24
$28.9M
$2.6M
Q3 24
$-69.0M
$2.5M
Q2 24
$-34.3M
$-995.0K
Q1 24
$-2.3M
Free Cash Flow
BATRA
BATRA
FARM
FARM
Q4 25
$-2.6M
Q3 25
$-6.9M
Q2 25
$-82.3M
Q1 25
$76.3M
$-684.0K
Q4 24
$16.8M
$521.0K
Q3 24
$-85.5M
$-837.0K
Q2 24
$-64.1M
Q1 24
$-5.7M
FCF Margin
BATRA
BATRA
FARM
FARM
Q4 25
-2.9%
Q3 25
-8.5%
Q2 25
-26.3%
Q1 25
161.5%
-0.8%
Q4 24
32.3%
0.6%
Q3 24
-29.4%
-1.0%
Q2 24
-22.7%
Q1 24
-6.7%
Capex Intensity
BATRA
BATRA
FARM
FARM
Q4 25
0.0%
2.1%
Q3 25
0.0%
2.4%
Q2 25
23.7%
Q1 25
41.3%
2.4%
Q4 24
23.2%
2.3%
Q3 24
5.7%
3.9%
Q2 24
10.5%
Q1 24
4.0%
Cash Conversion
BATRA
BATRA
FARM
FARM
Q4 25
Q3 25
-2.96×
Q2 25
-0.28×
Q1 25
Q4 24
12.16×
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
BATRA

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

FARM
FARM

Coffee Roasted$45.5M51%
Tea Iced Hot$23.3M26%
Culinary$14.1M16%
Spice$4.9M5%
Fuel Surcharge$1.2M1%

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