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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and HIVE Digital Technologies Ltd. (HIVE). Click either name above to swap in a different company.

HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $61.3M, roughly 1.5× Atlanta Braves Holdings, Inc.). Atlanta Braves Holdings, Inc. runs the higher net margin — -67.6% vs -98.1%, a 30.5% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 17.6%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

BATRA vs HIVE — Head-to-Head

Bigger by revenue
HIVE
HIVE
1.5× larger
HIVE
$93.1M
$61.3M
BATRA
Growing faster (revenue YoY)
HIVE
HIVE
+200.9% gap
HIVE
218.6%
17.6%
BATRA
Higher net margin
BATRA
BATRA
30.5% more per $
BATRA
-67.6%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-52.5%
BATRA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BATRA
BATRA
HIVE
HIVE
Revenue
$61.3M
$93.1M
Net Profit
$-41.4M
$-91.3M
Gross Margin
-27.1%
Operating Margin
-81.2%
Net Margin
-67.6%
-98.1%
Revenue YoY
17.6%
218.6%
Net Profit YoY
-116.7%
-234.0%
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.

Revenue
BATRA
BATRA
HIVE
HIVE
Q4 25
$61.3M
$93.1M
Q3 25
$311.5M
$87.3M
Q2 25
$312.4M
$45.6M
Q1 25
$47.2M
Q4 24
$52.1M
$29.2M
Q3 24
$290.7M
$22.6M
Q2 24
$282.9M
$32.2M
Q4 23
$22.8M
Net Profit
BATRA
BATRA
HIVE
HIVE
Q4 25
$-41.4M
$-91.3M
Q3 25
$30.0M
$-15.8M
Q2 25
$29.5M
$35.0M
Q1 25
$-41.4M
Q4 24
$-19.1M
$68.2M
Q3 24
$10.0M
$80.0K
Q2 24
$29.1M
$-18.3M
Q4 23
$-24.5M
Gross Margin
BATRA
BATRA
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q1 25
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q4 23
-52.3%
Operating Margin
BATRA
BATRA
HIVE
HIVE
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%
Q4 23
Net Margin
BATRA
BATRA
HIVE
HIVE
Q4 25
-67.6%
-98.1%
Q3 25
9.6%
-18.1%
Q2 25
9.4%
76.8%
Q1 25
-87.7%
Q4 24
-36.7%
233.2%
Q3 24
3.4%
0.4%
Q2 24
10.3%
-56.7%
Q4 23
-107.8%
EPS (diluted)
BATRA
BATRA
HIVE
HIVE
Q4 25
$-0.64
$-0.38
Q3 25
$0.47
$-0.07
Q2 25
$0.46
$0.18
Q1 25
$-0.66
Q4 24
$-0.29
$0.52
Q3 24
$0.16
$0.00
Q2 24
$0.46
$-0.17
Q4 23
$-0.29

Balance Sheet & Financial Strength

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

Metric
BATRA
BATRA
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$99.9M
Total DebtLower is stronger
$738.6M
Stockholders' EquityBook value
$526.0M
$559.3M
Total Assets
$1.6B
$624.0M
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
HIVE
HIVE
Q4 25
$99.9M
Q3 25
$82.2M
Q2 25
$96.2M
Q1 25
$244.7M
Q4 24
$110.1M
$40.5M
Q3 24
$100.9M
$31.7M
Q2 24
$121.2M
Q4 23
$4.5M
Total Debt
BATRA
BATRA
HIVE
HIVE
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
Q4 23
Stockholders' Equity
BATRA
BATRA
HIVE
HIVE
Q4 25
$526.0M
$559.3M
Q3 25
$560.3M
$624.6M
Q2 25
$522.8M
$560.5M
Q1 25
$486.1M
Q4 24
$524.2M
$430.9M
Q3 24
$530.4M
$275.5M
Q2 24
$512.7M
$268.6M
Q4 23
$122.9M
Total Assets
BATRA
BATRA
HIVE
HIVE
Q4 25
$1.6B
$624.0M
Q3 25
$1.7B
$693.0M
Q2 25
$1.7B
$628.7M
Q1 25
$1.7B
Q4 24
$1.5B
$478.6M
Q3 24
$1.6B
$334.7M
Q2 24
$1.6B
Q4 23
Debt / Equity
BATRA
BATRA
HIVE
HIVE
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×
Q4 23

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
HIVE
HIVE
Operating Cash FlowLast quarter
$26.4M
$46.0M
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
HIVE
HIVE
Q4 25
$26.4M
$46.0M
Q3 25
$-88.8M
$-10.6M
Q2 25
$-8.1M
$10.2M
Q1 25
$95.8M
Q4 24
$28.9M
$-28.5M
Q3 24
$-69.0M
$-2.2M
Q2 24
$-34.3M
$-4.4M
Q4 23
Free Cash Flow
BATRA
BATRA
HIVE
HIVE
Q4 25
Q3 25
Q2 25
$-82.3M
Q1 25
$76.3M
Q4 24
$16.8M
$-55.5M
Q3 24
$-85.5M
$-34.7M
Q2 24
$-64.1M
Q4 23
FCF Margin
BATRA
BATRA
HIVE
HIVE
Q4 25
Q3 25
Q2 25
-26.3%
Q1 25
161.5%
Q4 24
32.3%
-189.9%
Q3 24
-29.4%
-153.4%
Q2 24
-22.7%
Q4 23
Capex Intensity
BATRA
BATRA
HIVE
HIVE
Q4 25
0.0%
Q3 25
0.0%
Q2 25
23.7%
Q1 25
41.3%
Q4 24
23.2%
92.5%
Q3 24
5.7%
143.9%
Q2 24
10.5%
Q4 23
Cash Conversion
BATRA
BATRA
HIVE
HIVE
Q4 25
Q3 25
-2.96×
Q2 25
-0.28×
0.29×
Q1 25
Q4 24
-0.42×
Q3 24
-6.89×
-26.94×
Q2 24
-1.18×
Q4 23

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%

HIVE
HIVE

Segment breakdown not available.

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