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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $72.0M, roughly 1.1× Atlanta Braves Holdings, Inc.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -56.1%, a 59.6% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (52.5% vs 8.6%). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% 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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

BATRA vs IVT — Head-to-Head

Bigger by revenue
IVT
IVT
1.1× larger
IVT
$77.4M
$72.0M
BATRA
Growing faster (revenue YoY)
BATRA
BATRA
+43.9% gap
BATRA
52.5%
8.6%
IVT
Higher net margin
IVT
IVT
59.6% more per $
IVT
3.4%
-56.1%
BATRA
Faster 2-yr revenue CAGR
IVT
IVT
Annualised
IVT
7.6%
-49.5%
BATRA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BATRA
BATRA
IVT
IVT
Revenue
$72.0M
$77.4M
Net Profit
$-40.4M
$2.7M
Gross Margin
Operating Margin
-11.0%
Net Margin
-56.1%
3.4%
Revenue YoY
52.5%
8.6%
Net Profit YoY
2.3%
-72.8%
EPS (diluted)
$-0.63
$0.02

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
IVT
IVT
Q1 26
$72.0M
Q4 25
$61.3M
$77.4M
Q3 25
$311.5M
$74.5M
Q2 25
$312.4M
$73.6M
Q1 25
$47.2M
$73.8M
Q4 24
$52.1M
$71.2M
Q3 24
$290.7M
$68.5M
Q2 24
$282.9M
$67.4M
Net Profit
BATRA
BATRA
IVT
IVT
Q1 26
$-40.4M
Q4 25
$-41.4M
$2.7M
Q3 25
$30.0M
$6.0M
Q2 25
$29.5M
$95.9M
Q1 25
$-41.4M
$6.8M
Q4 24
$-19.1M
$9.8M
Q3 24
$10.0M
$-539.0K
Q2 24
$29.1M
$1.5M
Operating Margin
BATRA
BATRA
IVT
IVT
Q1 26
Q4 25
-81.2%
-11.0%
Q3 25
12.5%
-9.8%
Q2 25
13.4%
Q1 25
-94.2%
-10.5%
Q4 24
-35.8%
-3.6%
Q3 24
2.2%
-18.7%
Q2 24
8.8%
-13.6%
Net Margin
BATRA
BATRA
IVT
IVT
Q1 26
-56.1%
Q4 25
-67.6%
3.4%
Q3 25
9.6%
8.1%
Q2 25
9.4%
130.4%
Q1 25
-87.7%
9.2%
Q4 24
-36.7%
13.8%
Q3 24
3.4%
-0.8%
Q2 24
10.3%
2.2%
EPS (diluted)
BATRA
BATRA
IVT
IVT
Q1 26
$-0.63
Q4 25
$-0.64
$0.02
Q3 25
$0.47
$0.08
Q2 25
$0.46
$1.23
Q1 25
$-0.66
$0.09
Q4 24
$-0.29
$0.14
Q3 24
$0.16
$-0.01
Q2 24
$0.46
$0.02

Balance Sheet & Financial Strength

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

Metric
BATRA
BATRA
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$135.2M
Total DebtLower is stronger
$709.2M
$825.9M
Stockholders' EquityBook value
$519.0M
$1.8B
Total Assets
$1.7B
$2.8B
Debt / EquityLower = less leverage
1.37×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
IVT
IVT
Q1 26
$135.2M
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
Total Debt
BATRA
BATRA
IVT
IVT
Q1 26
$709.2M
Q4 25
$738.6M
$825.9M
Q3 25
$759.9M
$764.6M
Q2 25
$703.1M
$746.3M
Q1 25
$699.5M
$740.7M
Q4 24
$617.1M
$740.4M
Q3 24
$640.1M
$740.1M
Q2 24
$600.0M
$812.2M
Stockholders' Equity
BATRA
BATRA
IVT
IVT
Q1 26
$519.0M
Q4 25
$526.0M
$1.8B
Q3 25
$560.3M
$1.8B
Q2 25
$522.8M
$1.8B
Q1 25
$486.1M
$1.7B
Q4 24
$524.2M
$1.8B
Q3 24
$530.4M
$1.8B
Q2 24
$512.7M
$1.5B
Total Assets
BATRA
BATRA
IVT
IVT
Q1 26
$1.7B
Q4 25
$1.6B
$2.8B
Q3 25
$1.7B
$2.7B
Q2 25
$1.7B
$2.7B
Q1 25
$1.7B
$2.6B
Q4 24
$1.5B
$2.6B
Q3 24
$1.6B
$2.6B
Q2 24
$1.6B
$2.5B
Debt / Equity
BATRA
BATRA
IVT
IVT
Q1 26
1.37×
Q4 25
1.40×
0.46×
Q3 25
1.36×
0.42×
Q2 25
1.34×
0.41×
Q1 25
1.44×
0.42×
Q4 24
1.18×
0.42×
Q3 24
1.21×
0.42×
Q2 24
1.17×
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$155.4M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATRA
BATRA
IVT
IVT
Q1 26
Q4 25
$26.4M
$155.4M
Q3 25
$-88.8M
$43.8M
Q2 25
$-8.1M
$48.7M
Q1 25
$95.8M
$20.2M
Q4 24
$28.9M
$136.9M
Q3 24
$-69.0M
$38.4M
Q2 24
$-34.3M
$46.7M
Free Cash Flow
BATRA
BATRA
IVT
IVT
Q1 26
Q4 25
$110.9M
Q3 25
$31.4M
Q2 25
$-82.3M
$38.0M
Q1 25
$76.3M
$12.8M
Q4 24
$16.8M
$100.8M
Q3 24
$-85.5M
$29.3M
Q2 24
$-64.1M
$37.2M
FCF Margin
BATRA
BATRA
IVT
IVT
Q1 26
Q4 25
143.3%
Q3 25
42.2%
Q2 25
-26.3%
51.6%
Q1 25
161.5%
17.4%
Q4 24
32.3%
141.5%
Q3 24
-29.4%
42.8%
Q2 24
-22.7%
55.2%
Capex Intensity
BATRA
BATRA
IVT
IVT
Q1 26
Q4 25
0.0%
57.5%
Q3 25
0.0%
16.7%
Q2 25
23.7%
14.6%
Q1 25
41.3%
10.0%
Q4 24
23.2%
50.7%
Q3 24
5.7%
13.3%
Q2 24
10.5%
14.0%
Cash Conversion
BATRA
BATRA
IVT
IVT
Q1 26
Q4 25
58.41×
Q3 25
-2.96×
7.27×
Q2 25
-0.28×
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
-6.89×
Q2 24
-1.18×
31.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BATRA
BATRA

Baseball revenue$45.7M64%
Baseball event$23.7M33%
Broadcasting$2.5M3%

IVT
IVT

Segment breakdown not available.

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