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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and FUELCELL ENERGY INC (FCEL). 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 $55.0M, roughly 1.1× FUELCELL ENERGY INC). FUELCELL ENERGY INC runs the higher net margin — -54.3% vs -67.6%, a 13.3% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 11.5%). Over the past eight quarters, FUELCELL ENERGY INC's revenue compounded faster (81.6% 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.
FuelCell Energy, Inc. is a publicly traded fuel cell company headquartered in Danbury, Connecticut. It designs, manufactures, operates and services power plants based on molten carbonate fuel cells.
BATRA vs FCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $55.0M |
| Net Profit | $-41.4M | $-29.9M |
| Gross Margin | — | -12.1% |
| Operating Margin | -81.2% | -51.5% |
| Net Margin | -67.6% | -54.3% |
| Revenue YoY | 17.6% | 11.5% |
| Net Profit YoY | -116.7% | 27.9% |
| EPS (diluted) | $-0.64 | $-0.43 |
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 | $55.0M | ||
| Q3 25 | $311.5M | $46.7M | ||
| Q2 25 | $312.4M | $37.4M | ||
| Q1 25 | $47.2M | $19.0M | ||
| Q4 24 | $52.1M | $49.3M | ||
| Q3 24 | $290.7M | $23.7M | ||
| Q2 24 | $282.9M | $22.4M | ||
| Q1 24 | — | $16.7M |
| Q4 25 | $-41.4M | $-29.9M | ||
| Q3 25 | $30.0M | $-91.7M | ||
| Q2 25 | $29.5M | $-38.0M | ||
| Q1 25 | $-41.4M | $-28.3M | ||
| Q4 24 | $-19.1M | $-41.4M | ||
| Q3 24 | $10.0M | $-32.7M | ||
| Q2 24 | $29.1M | $-32.1M | ||
| Q1 24 | — | $-19.8M |
| Q4 25 | — | -12.1% | ||
| Q3 25 | — | -11.0% | ||
| Q2 25 | — | -25.2% | ||
| Q1 25 | — | -27.4% | ||
| Q4 24 | — | -22.1% | ||
| Q3 24 | — | -26.2% | ||
| Q2 24 | — | -31.6% | ||
| Q1 24 | — | -70.2% |
| Q4 25 | -81.2% | -51.5% | ||
| Q3 25 | 12.5% | -204.0% | ||
| Q2 25 | 13.4% | -95.7% | ||
| Q1 25 | -94.2% | -172.9% | ||
| Q4 24 | -35.8% | -83.2% | ||
| Q3 24 | 2.2% | -141.9% | ||
| Q2 24 | 8.8% | -184.5% | ||
| Q1 24 | — | -254.5% |
| Q4 25 | -67.6% | -54.3% | ||
| Q3 25 | 9.6% | -196.1% | ||
| Q2 25 | 9.4% | -101.7% | ||
| Q1 25 | -87.7% | -149.1% | ||
| Q4 24 | -36.7% | -84.0% | ||
| Q3 24 | 3.4% | -137.8% | ||
| Q2 24 | 10.3% | -143.4% | ||
| Q1 24 | — | -118.6% |
| Q4 25 | $-0.64 | $-0.43 | ||
| Q3 25 | $0.47 | $-3.78 | ||
| Q2 25 | $0.46 | $-1.79 | ||
| Q1 25 | $-0.66 | $-1.42 | ||
| Q4 24 | $-0.29 | $-2.29 | ||
| Q3 24 | $0.16 | $-1.99 | ||
| Q2 24 | $0.46 | $-2.18 | ||
| Q1 24 | — | $-1.37 |
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 | $278.1M |
| Total DebtLower is stronger | $738.6M | $103.8M |
| Stockholders' EquityBook value | $526.0M | $662.2M |
| Total Assets | $1.6B | $932.1M |
| Debt / EquityLower = less leverage | 1.40× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $278.1M | ||
| Q3 25 | $82.2M | $174.7M | ||
| Q2 25 | $96.2M | $177.0M | ||
| Q1 25 | $244.7M | $208.4M | ||
| Q4 24 | $110.1M | $257.3M | ||
| Q3 24 | $100.9M | $267.2M | ||
| Q2 24 | $121.2M | $260.1M | ||
| Q1 24 | — | $297.5M |
| Q4 25 | $738.6M | $103.8M | ||
| Q3 25 | $759.9M | $106.4M | ||
| Q2 25 | $703.1M | $109.4M | ||
| Q1 25 | $699.5M | $112.3M | ||
| Q4 24 | $617.1M | $115.7M | ||
| Q3 24 | $640.1M | $112.7M | ||
| Q2 24 | $600.0M | $116.2M | ||
| Q1 24 | — | $107.2M |
| Q4 25 | $526.0M | $662.2M | ||
| Q3 25 | $560.3M | $556.2M | ||
| Q2 25 | $522.8M | $609.2M | ||
| Q1 25 | $486.1M | $635.2M | ||
| Q4 24 | $524.2M | $656.9M | ||
| Q3 24 | $530.4M | $675.8M | ||
| Q2 24 | $512.7M | $639.8M | ||
| Q1 24 | — | $663.9M |
| Q4 25 | $1.6B | $932.1M | ||
| Q3 25 | $1.7B | $830.5M | ||
| Q2 25 | $1.7B | $883.8M | ||
| Q1 25 | $1.7B | $907.5M | ||
| Q4 24 | $1.5B | $944.1M | ||
| Q3 24 | $1.6B | $948.9M | ||
| Q2 24 | $1.6B | $916.8M | ||
| Q1 24 | — | $923.2M |
| Q4 25 | 1.40× | 0.16× | ||
| Q3 25 | 1.36× | 0.19× | ||
| Q2 25 | 1.34× | 0.18× | ||
| Q1 25 | 1.44× | 0.18× | ||
| Q4 24 | 1.18× | 0.18× | ||
| Q3 24 | 1.21× | 0.17× | ||
| Q2 24 | 1.17× | 0.18× | ||
| Q1 24 | — | 0.16× |
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 | $-22.9M |
| Free Cash FlowOCF − Capex | — | $-23.9M |
| FCF MarginFCF / Revenue | — | -43.4% |
| Capex IntensityCapex / Revenue | 0.0% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-143.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $-22.9M | ||
| Q3 25 | $-88.8M | $-26.8M | ||
| Q2 25 | $-8.1M | $-29.9M | ||
| Q1 25 | $95.8M | $-45.7M | ||
| Q4 24 | $28.9M | $5.8M | ||
| Q3 24 | $-69.0M | $-63.4M | ||
| Q2 24 | $-34.3M | $-37.1M | ||
| Q1 24 | — | $-58.3M |
| Q4 25 | — | $-23.9M | ||
| Q3 25 | — | $-32.1M | ||
| Q2 25 | $-82.3M | $-35.2M | ||
| Q1 25 | $76.3M | $-52.8M | ||
| Q4 24 | $16.8M | $-4.7M | ||
| Q3 24 | $-85.5M | $-76.8M | ||
| Q2 24 | $-64.1M | $-50.3M | ||
| Q1 24 | — | $-68.8M |
| Q4 25 | — | -43.4% | ||
| Q3 25 | — | -68.6% | ||
| Q2 25 | -26.3% | -94.0% | ||
| Q1 25 | 161.5% | -277.8% | ||
| Q4 24 | 32.3% | -9.5% | ||
| Q3 24 | -29.4% | -324.0% | ||
| Q2 24 | -22.7% | -224.5% | ||
| Q1 24 | — | -412.4% |
| Q4 25 | 0.0% | 1.8% | ||
| Q3 25 | 0.0% | 11.2% | ||
| Q2 25 | 23.7% | 14.1% | ||
| Q1 25 | 41.3% | 37.2% | ||
| Q4 24 | 23.2% | 21.4% | ||
| Q3 24 | 5.7% | 56.6% | ||
| Q2 24 | 10.5% | 58.9% | ||
| Q1 24 | — | 63.3% |
| 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% |
FCEL
| Other | $30.0M | 55% |
| Electricity Generation | $12.2M | 22% |
| Services | $7.3M | 13% |
| Advanced Technologies | $5.5M | 10% |
