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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and GameSquare Holdings, Inc. (GAME). Click either name above to swap in a different company.
GameSquare Holdings, Inc. runs the higher net margin — 949.3% vs -67.6%, a 1016.9% gap on every dollar of revenue. On growth, GameSquare Holdings, Inc. posted the faster year-over-year revenue change (81.1% vs 17.6%). Over the past eight quarters, GameSquare Holdings, Inc.'s revenue compounded faster (NaN% CAGR vs NaN%).
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.
Square Enix Holdings Co., Ltd. is a Japanese multinational holding company, video game publisher and entertainment conglomerate. It releases role-playing game franchises, such as Final Fantasy, Dragon Quest, and Kingdom Hearts, among numerous others. Outside of video game publishing and development, it is also in the business of merchandise, arcade facilities, and manga publication under its Gangan Comics brand.
BATRA vs GAME — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $-3.3M |
| Net Profit | $-41.4M | $-31.1M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 335.6% |
| Net Margin | -67.6% | 949.3% |
| Revenue YoY | 17.6% | 81.1% |
| Net Profit YoY | -116.7% | -17.9% |
| EPS (diluted) | $-0.64 | $-0.38 |
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 | $-3.3M | ||
| Q3 25 | $311.5M | $11.3M | ||
| Q2 25 | $312.4M | $15.9M | ||
| Q1 25 | $47.2M | $21.1M | ||
| Q4 24 | $52.1M | $-17.3M | ||
| Q3 24 | $290.7M | $9.3M | ||
| Q2 24 | $282.9M | $17.8M | ||
| Q1 24 | $37.1M | $17.7M |
| Q4 25 | $-41.4M | $-31.1M | ||
| Q3 25 | $30.0M | $-808.4K | ||
| Q2 25 | $29.5M | $-3.0M | ||
| Q1 25 | $-41.4M | $-5.2M | ||
| Q4 24 | $-19.1M | $-26.4M | ||
| Q3 24 | $10.0M | $-5.5M | ||
| Q2 24 | $29.1M | $-11.6M | ||
| Q1 24 | $-51.3M | $-5.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 45.3% | ||
| Q2 24 | — | 14.1% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | -81.2% | 335.6% | ||
| Q3 25 | 12.5% | -21.2% | ||
| Q2 25 | 13.4% | -29.8% | ||
| Q1 25 | -94.2% | -33.7% | ||
| Q4 24 | -35.8% | 108.4% | ||
| Q3 24 | 2.2% | -33.8% | ||
| Q2 24 | 8.8% | -34.6% | ||
| Q1 24 | -141.2% | -35.4% |
| Q4 25 | -67.6% | 949.3% | ||
| Q3 25 | 9.6% | -7.1% | ||
| Q2 25 | 9.4% | -19.0% | ||
| Q1 25 | -87.7% | -24.4% | ||
| Q4 24 | -36.7% | 152.4% | ||
| Q3 24 | 3.4% | -58.9% | ||
| Q2 24 | 10.3% | -65.1% | ||
| Q1 24 | -138.3% | -29.7% |
| Q4 25 | $-0.64 | $-0.38 | ||
| Q3 25 | $0.47 | $-0.01 | ||
| Q2 25 | $0.46 | $-0.08 | ||
| Q1 25 | $-0.66 | $-0.14 | ||
| Q4 24 | $-0.29 | $-0.89 | ||
| Q3 24 | $0.16 | $-0.18 | ||
| Q2 24 | $0.46 | $-0.38 | ||
| Q1 24 | $-0.83 | $-0.30 |
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 | — |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $35.7M |
| Total Assets | $1.6B | $79.3M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | — | ||
| Q3 25 | $82.2M | — | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $244.7M | — | ||
| Q4 24 | $110.1M | — | ||
| Q3 24 | $100.9M | — | ||
| Q2 24 | $121.2M | — | ||
| Q1 24 | $181.5M | — |
| 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 | $579.9M | — |
| Q4 25 | $526.0M | $35.7M | ||
| Q3 25 | $560.3M | $78.7M | ||
| Q2 25 | $522.8M | $-5.5M | ||
| Q1 25 | $486.1M | $10.5M | ||
| Q4 24 | $524.2M | $12.0M | ||
| Q3 24 | $530.4M | $40.5M | ||
| Q2 24 | $512.7M | $42.3M | ||
| Q1 24 | $479.2M | $38.5M |
| Q4 25 | $1.6B | $79.3M | ||
| Q3 25 | $1.7B | $121.1M | ||
| Q2 25 | $1.7B | $44.1M | ||
| Q1 25 | $1.7B | $67.8M | ||
| Q4 24 | $1.5B | $78.7M | ||
| Q3 24 | $1.6B | $101.1M | ||
| Q2 24 | $1.6B | $105.5M | ||
| Q1 24 | $1.6B | $101.9M |
| 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 | 1.21× | — |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-1.1M |
| FCF MarginFCF / Revenue | — | 34.9% |
| Capex IntensityCapex / Revenue | 0.0% | -0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $-1.1M | ||
| Q3 25 | $-88.8M | $-10.4M | ||
| Q2 25 | $-8.1M | $1.7M | ||
| Q1 25 | $95.8M | $-8.6M | ||
| Q4 24 | $28.9M | $-5.2M | ||
| Q3 24 | $-69.0M | $-7.8M | ||
| Q2 24 | $-34.3M | $-9.6M | ||
| Q1 24 | $91.1M | $-8.0M |
| Q4 25 | — | $-1.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.3M | $1.7M | ||
| Q1 25 | $76.3M | $-8.7M | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $-85.5M | $-7.8M | ||
| Q2 24 | $-64.1M | $-9.6M | ||
| Q1 24 | $63.4M | $-8.0M |
| Q4 25 | — | 34.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | -26.3% | 10.7% | ||
| Q1 25 | 161.5% | -41.0% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -29.4% | -83.4% | ||
| Q2 24 | -22.7% | -53.8% | ||
| Q1 24 | 171.0% | -45.2% |
| Q4 25 | 0.0% | -0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 23.7% | 0.0% | ||
| Q1 25 | 41.3% | 0.4% | ||
| Q4 24 | 23.2% | 0.0% | ||
| Q3 24 | 5.7% | 0.0% | ||
| Q2 24 | 10.5% | 0.0% | ||
| Q1 24 | 74.5% | 0.0% |
| 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% |
GAME
Segment breakdown not available.
