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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and indie Semiconductor, Inc. (INDI). 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 $58.0M, roughly 1.1× indie Semiconductor, Inc.). indie Semiconductor, Inc. runs the higher net margin — -53.8% vs -67.6%, a 13.8% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -0.0%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% 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.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
BATRA vs INDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $58.0M |
| Net Profit | $-41.4M | $-31.2M |
| Gross Margin | — | 37.3% |
| Operating Margin | -81.2% | -58.5% |
| Net Margin | -67.6% | -53.8% |
| Revenue YoY | 17.6% | -0.0% |
| Net Profit YoY | -116.7% | 9.1% |
| EPS (diluted) | $-0.64 | $-0.16 |
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 | $58.0M | ||
| Q3 25 | $311.5M | $53.7M | ||
| Q2 25 | $312.4M | $51.6M | ||
| Q1 25 | $47.2M | $54.1M | ||
| Q4 24 | $52.1M | $58.0M | ||
| Q3 24 | $290.7M | $54.0M | ||
| Q2 24 | $282.9M | $52.4M | ||
| Q1 24 | — | $52.4M |
| Q4 25 | $-41.4M | $-31.2M | ||
| Q3 25 | $30.0M | $-38.3M | ||
| Q2 25 | $29.5M | $-39.0M | ||
| Q1 25 | $-41.4M | $-34.5M | ||
| Q4 24 | $-19.1M | $-34.4M | ||
| Q3 24 | $10.0M | $-49.7M | ||
| Q2 24 | $29.1M | $-19.2M | ||
| Q1 24 | — | $-31.2M |
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | — | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 42.2% | ||
| Q1 24 | — | 42.5% |
| Q4 25 | -81.2% | -58.5% | ||
| Q3 25 | 12.5% | -71.4% | ||
| Q2 25 | 13.4% | -83.3% | ||
| Q1 25 | -94.2% | -72.0% | ||
| Q4 24 | -35.8% | -58.4% | ||
| Q3 24 | 2.2% | -92.5% | ||
| Q2 24 | 8.8% | -70.0% | ||
| Q1 24 | — | -94.8% |
| Q4 25 | -67.6% | -53.8% | ||
| Q3 25 | 9.6% | -71.3% | ||
| Q2 25 | 9.4% | -75.6% | ||
| Q1 25 | -87.7% | -63.9% | ||
| Q4 24 | -36.7% | -59.2% | ||
| Q3 24 | 3.4% | -92.1% | ||
| Q2 24 | 10.3% | -36.6% | ||
| Q1 24 | — | -59.6% |
| Q4 25 | $-0.64 | $-0.16 | ||
| Q3 25 | $0.47 | $-0.19 | ||
| Q2 25 | $0.46 | $-0.20 | ||
| Q1 25 | $-0.66 | $-0.18 | ||
| Q4 24 | $-0.29 | $-0.18 | ||
| Q3 24 | $0.16 | $-0.28 | ||
| Q2 24 | $0.46 | $-0.11 | ||
| Q1 24 | — | $-0.19 |
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 | $145.5M |
| Total DebtLower is stronger | $738.6M | $353.4M |
| Stockholders' EquityBook value | $526.0M | $358.0M |
| Total Assets | $1.6B | $840.8M |
| Debt / EquityLower = less leverage | 1.40× | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $145.5M | ||
| Q3 25 | $82.2M | $160.9M | ||
| Q2 25 | $96.2M | $192.6M | ||
| Q1 25 | $244.7M | $236.6M | ||
| Q4 24 | $110.1M | $274.2M | ||
| Q3 24 | $100.9M | $96.9M | ||
| Q2 24 | $121.2M | $112.3M | ||
| Q1 24 | — | $138.2M |
| Q4 25 | $738.6M | $353.4M | ||
| Q3 25 | $759.9M | $353.5M | ||
| Q2 25 | $703.1M | $352.5M | ||
| Q1 25 | $699.5M | $379.0M | ||
| Q4 24 | $617.1M | $381.3M | ||
| Q3 24 | $640.1M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $526.0M | $358.0M | ||
| Q3 25 | $560.3M | $369.2M | ||
| Q2 25 | $522.8M | $390.4M | ||
| Q1 25 | $486.1M | $405.6M | ||
| Q4 24 | $524.2M | $417.9M | ||
| Q3 24 | $530.4M | $458.6M | ||
| Q2 24 | $512.7M | $470.7M | ||
| Q1 24 | — | $432.9M |
| Q4 25 | $1.6B | $840.8M | ||
| Q3 25 | $1.7B | $855.1M | ||
| Q2 25 | $1.7B | $867.6M | ||
| Q1 25 | $1.7B | $909.0M | ||
| Q4 24 | $1.5B | $941.4M | ||
| Q3 24 | $1.6B | $797.5M | ||
| Q2 24 | $1.6B | $797.3M | ||
| Q1 24 | — | $803.6M |
| Q4 25 | 1.40× | 0.99× | ||
| Q3 25 | 1.36× | 0.96× | ||
| Q2 25 | 1.34× | 0.90× | ||
| Q1 25 | 1.44× | 0.93× | ||
| Q4 24 | 1.18× | 0.91× | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | — | — |
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 | $-14.4M |
| Free Cash FlowOCF − Capex | — | $-16.1M |
| FCF MarginFCF / Revenue | — | -27.8% |
| Capex IntensityCapex / Revenue | 0.0% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $-14.4M | ||
| Q3 25 | $-88.8M | $-6.2M | ||
| Q2 25 | $-8.1M | $-7.6M | ||
| Q1 25 | $95.8M | $-29.0M | ||
| Q4 24 | $28.9M | $-6.7M | ||
| Q3 24 | $-69.0M | $-22.8M | ||
| Q2 24 | $-34.3M | $-19.7M | ||
| Q1 24 | — | $-9.3M |
| Q4 25 | — | $-16.1M | ||
| Q3 25 | — | $-10.3M | ||
| Q2 25 | $-82.3M | $-13.6M | ||
| Q1 25 | $76.3M | $-31.4M | ||
| Q4 24 | $16.8M | $-8.6M | ||
| Q3 24 | $-85.5M | $-29.3M | ||
| Q2 24 | $-64.1M | $-23.4M | ||
| Q1 24 | — | $-11.7M |
| Q4 25 | — | -27.8% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | -26.3% | -26.4% | ||
| Q1 25 | 161.5% | -58.0% | ||
| Q4 24 | 32.3% | -14.8% | ||
| Q3 24 | -29.4% | -54.3% | ||
| Q2 24 | -22.7% | -44.7% | ||
| Q1 24 | — | -22.3% |
| Q4 25 | 0.0% | 3.0% | ||
| Q3 25 | 0.0% | 7.8% | ||
| Q2 25 | 23.7% | 11.6% | ||
| Q1 25 | 41.3% | 4.4% | ||
| Q4 24 | 23.2% | 3.2% | ||
| Q3 24 | 5.7% | 12.1% | ||
| Q2 24 | 10.5% | 7.0% | ||
| Q1 24 | — | 4.4% |
| 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% |
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
