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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and INDEPENDENT BANK CORP (IBCP). Click either name above to swap in a different company.
Atlanta Braves Holdings, Inc. is the larger business by last-quarter revenue ($72.0M vs $58.9M, roughly 1.2× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -56.1%, a 84.8% gap on every dollar of revenue. Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (2.1% CAGR vs -49.5%).
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.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
BATRA vs IBCP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $58.9M |
| Net Profit | $-40.4M | $16.9M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -56.1% | 28.6% |
| Revenue YoY | 52.5% | — |
| Net Profit YoY | 2.3% | 8.2% |
| EPS (diluted) | $-0.63 | $0.81 |
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.
| Q1 26 | $72.0M | $58.9M | ||
| Q4 25 | $61.3M | $58.3M | ||
| Q3 25 | $311.5M | $57.3M | ||
| Q2 25 | $312.4M | $55.9M | ||
| Q1 25 | $47.2M | $54.1M | ||
| Q4 24 | $52.1M | $62.0M | ||
| Q3 24 | $290.7M | $51.4M | ||
| Q2 24 | $282.9M | $56.5M |
| Q1 26 | $-40.4M | $16.9M | ||
| Q4 25 | $-41.4M | $18.6M | ||
| Q3 25 | $30.0M | $17.5M | ||
| Q2 25 | $29.5M | $16.9M | ||
| Q1 25 | $-41.4M | $15.6M | ||
| Q4 24 | $-19.1M | $18.5M | ||
| Q3 24 | $10.0M | $13.8M | ||
| Q2 24 | $29.1M | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | -81.2% | 34.8% | ||
| Q3 25 | 12.5% | 37.0% | ||
| Q2 25 | 13.4% | 37.0% | ||
| Q1 25 | -94.2% | 35.3% | ||
| Q4 24 | -35.8% | 36.7% | ||
| Q3 24 | 2.2% | 33.7% | ||
| Q2 24 | 8.8% | 41.0% |
| Q1 26 | -56.1% | 28.6% | ||
| Q4 25 | -67.6% | 31.8% | ||
| Q3 25 | 9.6% | 30.5% | ||
| Q2 25 | 9.4% | 30.2% | ||
| Q1 25 | -87.7% | 28.8% | ||
| Q4 24 | -36.7% | 29.8% | ||
| Q3 24 | 3.4% | 26.9% | ||
| Q2 24 | 10.3% | 32.8% |
| Q1 26 | $-0.63 | $0.81 | ||
| Q4 25 | $-0.64 | $0.88 | ||
| Q3 25 | $0.47 | $0.84 | ||
| Q2 25 | $0.46 | $0.81 | ||
| Q1 25 | $-0.66 | $0.74 | ||
| Q4 24 | $-0.29 | $0.87 | ||
| Q3 24 | $0.16 | $0.65 | ||
| Q2 24 | $0.46 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $135.2M | $174.9M |
| Total DebtLower is stronger | $709.2M | — |
| Stockholders' EquityBook value | $519.0M | $510.6M |
| Total Assets | $1.7B | $5.6B |
| Debt / EquityLower = less leverage | 1.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $135.2M | $174.9M | ||
| Q4 25 | $99.9M | $138.4M | ||
| Q3 25 | $82.2M | $208.7M | ||
| Q2 25 | $96.2M | $146.2M | ||
| Q1 25 | $244.7M | $128.1M | ||
| Q4 24 | $110.1M | $119.9M | ||
| Q3 24 | $100.9M | $121.6M | ||
| Q2 24 | $121.2M | $214.3M |
| Q1 26 | $709.2M | — | ||
| 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 26 | $519.0M | $510.6M | ||
| Q4 25 | $526.0M | $503.0M | ||
| Q3 25 | $560.3M | $490.7M | ||
| Q2 25 | $522.8M | $469.3M | ||
| Q1 25 | $486.1M | $467.3M | ||
| Q4 24 | $524.2M | $454.7M | ||
| Q3 24 | $530.4M | $452.4M | ||
| Q2 24 | $512.7M | $430.5M |
| Q1 26 | $1.7B | $5.6B | ||
| Q4 25 | $1.6B | $5.5B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.7B | $5.4B | ||
| Q1 25 | $1.7B | $5.3B | ||
| Q4 24 | $1.5B | $5.3B | ||
| Q3 24 | $1.6B | $5.3B | ||
| Q2 24 | $1.6B | $5.3B |
| Q1 26 | 1.37× | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BATRA
| Baseball revenue | $45.7M | 64% |
| Baseball event | $23.7M | 33% |
| Broadcasting | $2.5M | 3% |
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
