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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $61.3M, roughly 1.2× Atlanta Braves Holdings, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -67.6%, a 51.5% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 17.6%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% 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.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
BATRA vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $72.0M |
| Net Profit | $-41.4M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | -0.5% |
| Net Margin | -67.6% | -16.1% |
| Revenue YoY | 17.6% | 17.6% |
| Net Profit YoY | -116.7% | 76.9% |
| EPS (diluted) | $-0.64 | $-0.11 |
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 | $72.0M | ||
| Q3 25 | $311.5M | $73.8M | ||
| Q2 25 | $312.4M | $67.1M | ||
| Q1 25 | $47.2M | $60.0M | ||
| Q4 24 | $52.1M | $61.2M | ||
| Q3 24 | $290.7M | $72.3M | ||
| Q2 24 | $282.9M | $60.4M | ||
| Q1 24 | — | $56.5M |
| Q4 25 | $-41.4M | $-11.6M | ||
| Q3 25 | $30.0M | $1.1M | ||
| Q2 25 | $29.5M | $19.2M | ||
| Q1 25 | $-41.4M | $-17.3M | ||
| Q4 24 | $-19.1M | $-50.2M | ||
| Q3 24 | $10.0M | $9.9M | ||
| Q2 24 | $29.1M | $-9.7M | ||
| Q1 24 | — | $-13.2M |
| Q4 25 | -81.2% | -0.5% | ||
| Q3 25 | 12.5% | 13.8% | ||
| Q2 25 | 13.4% | 9.2% | ||
| Q1 25 | -94.2% | -14.2% | ||
| Q4 24 | -35.8% | -6.9% | ||
| Q3 24 | 2.2% | 13.0% | ||
| Q2 24 | 8.8% | -2.4% | ||
| Q1 24 | — | -8.3% |
| Q4 25 | -67.6% | -16.1% | ||
| Q3 25 | 9.6% | 1.5% | ||
| Q2 25 | 9.4% | 28.6% | ||
| Q1 25 | -87.7% | -28.9% | ||
| Q4 24 | -36.7% | -82.1% | ||
| Q3 24 | 3.4% | 13.7% | ||
| Q2 24 | 10.3% | -16.0% | ||
| Q1 24 | — | -23.4% |
| Q4 25 | $-0.64 | $-0.11 | ||
| Q3 25 | $0.47 | $-0.01 | ||
| Q2 25 | $0.46 | $0.13 | ||
| Q1 25 | $-0.66 | $-0.16 | ||
| Q4 24 | $-0.29 | $-0.57 | ||
| Q3 24 | $0.16 | $0.00 | ||
| Q2 24 | $0.46 | $-0.01 | ||
| Q1 24 | — | $-0.01 |
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 | $447.5M |
| Total DebtLower is stronger | $738.6M | $483.8M |
| Stockholders' EquityBook value | $526.0M | $355.7M |
| Total Assets | $1.6B | $2.3B |
| Debt / EquityLower = less leverage | 1.40× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $447.5M | ||
| Q3 25 | $82.2M | $346.3M | ||
| Q2 25 | $96.2M | $308.2M | ||
| Q1 25 | $244.7M | $241.4M | ||
| Q4 24 | $110.1M | $391.2M | ||
| Q3 24 | $100.9M | $51.9M | ||
| Q2 24 | $121.2M | $64.3M | ||
| Q1 24 | — | $59.3M |
| Q4 25 | $738.6M | $483.8M | ||
| Q3 25 | $759.9M | $508.6M | ||
| Q2 25 | $703.1M | $491.5M | ||
| Q1 25 | $699.5M | $502.7M | ||
| Q4 24 | $617.1M | $511.4M | ||
| Q3 24 | $640.1M | $394.4M | ||
| Q2 24 | $600.0M | $393.1M | ||
| Q1 24 | — | $398.7M |
| Q4 25 | $526.0M | $355.7M | ||
| Q3 25 | $560.3M | $364.8M | ||
| Q2 25 | $522.8M | $360.9M | ||
| Q1 25 | $486.1M | $344.3M | ||
| Q4 24 | $524.2M | $358.9M | ||
| Q3 24 | $530.4M | $394.1M | ||
| Q2 24 | $512.7M | $383.0M | ||
| Q1 24 | — | $377.1M |
| Q4 25 | $1.6B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.6B | $917.6M | ||
| Q2 24 | $1.6B | $926.2M | ||
| Q1 24 | — | $917.0M |
| Q4 25 | 1.40× | 1.36× | ||
| Q3 25 | 1.36× | 1.39× | ||
| Q2 25 | 1.34× | 1.36× | ||
| Q1 25 | 1.44× | 1.46× | ||
| Q4 24 | 1.18× | 1.43× | ||
| Q3 24 | 1.21× | 1.00× | ||
| Q2 24 | 1.17× | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $175.9M |
| 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.
| Q4 25 | $26.4M | $175.9M | ||
| Q3 25 | $-88.8M | $236.0M | ||
| Q2 25 | $-8.1M | $157.9M | ||
| Q1 25 | $95.8M | $51.9M | ||
| Q4 24 | $28.9M | $340.7M | ||
| Q3 24 | $-69.0M | $32.0M | ||
| Q2 24 | $-34.3M | $36.7M | ||
| Q1 24 | — | $29.8M |
| 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 | — | — |
| 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 | — | — |
| 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 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | 216.53× | ||
| Q2 25 | -0.28× | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | 3.23× | ||
| 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% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
