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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and ST JOE Co (JOE). Click either name above to swap in a different company.

ST JOE Co is the larger business by last-quarter revenue ($128.9M vs $72.0M, roughly 1.8× Atlanta Braves Holdings, Inc.). ST JOE Co runs the higher net margin — 23.2% vs -56.1%, a 79.4% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (52.5% vs 23.5%). Over the past eight quarters, ST JOE Co's revenue compounded faster (21.2% 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.

The St. Joe Company is a land development company headquartered in Panama City Beach, Florida. Founded in 1936 and until 1966 known as St. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management. The company's land holdings are concentrated in Northwest Florida with the vast majority located in Bay and Walton counties. Of the 110,500 acres The St. Joe Company owns that fall within the Bay-Walton Sector Plan, 53...

BATRA vs JOE — Head-to-Head

Bigger by revenue
JOE
JOE
1.8× larger
JOE
$128.9M
$72.0M
BATRA
Growing faster (revenue YoY)
BATRA
BATRA
+29.0% gap
BATRA
52.5%
23.5%
JOE
Higher net margin
JOE
JOE
79.4% more per $
JOE
23.2%
-56.1%
BATRA
Faster 2-yr revenue CAGR
JOE
JOE
Annualised
JOE
21.2%
-49.5%
BATRA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BATRA
BATRA
JOE
JOE
Revenue
$72.0M
$128.9M
Net Profit
$-40.4M
$29.9M
Gross Margin
45.4%
Operating Margin
30.6%
Net Margin
-56.1%
23.2%
Revenue YoY
52.5%
23.5%
Net Profit YoY
2.3%
58.2%
EPS (diluted)
$-0.63
$0.51

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
JOE
JOE
Q1 26
$72.0M
Q4 25
$61.3M
$128.9M
Q3 25
$311.5M
$161.1M
Q2 25
$312.4M
$129.1M
Q1 25
$47.2M
$94.2M
Q4 24
$52.1M
$104.3M
Q3 24
$290.7M
$99.0M
Q2 24
$282.9M
$111.6M
Net Profit
BATRA
BATRA
JOE
JOE
Q1 26
$-40.4M
Q4 25
$-41.4M
$29.9M
Q3 25
$30.0M
$38.7M
Q2 25
$29.5M
$29.5M
Q1 25
$-41.4M
$17.5M
Q4 24
$-19.1M
$18.9M
Q3 24
$10.0M
$16.8M
Q2 24
$29.1M
$24.5M
Gross Margin
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
45.4%
Q3 25
44.4%
Q2 25
42.9%
Q1 25
37.8%
Q4 24
42.3%
Q3 24
39.4%
Q2 24
44.6%
Operating Margin
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
-81.2%
30.6%
Q3 25
12.5%
32.9%
Q2 25
13.4%
28.6%
Q1 25
-94.2%
17.9%
Q4 24
-35.8%
24.7%
Q3 24
2.2%
21.5%
Q2 24
8.8%
29.2%
Net Margin
BATRA
BATRA
JOE
JOE
Q1 26
-56.1%
Q4 25
-67.6%
23.2%
Q3 25
9.6%
24.0%
Q2 25
9.4%
22.9%
Q1 25
-87.7%
18.5%
Q4 24
-36.7%
18.1%
Q3 24
3.4%
17.0%
Q2 24
10.3%
22.0%
EPS (diluted)
BATRA
BATRA
JOE
JOE
Q1 26
$-0.63
Q4 25
$-0.64
$0.51
Q3 25
$0.47
$0.67
Q2 25
$0.46
$0.51
Q1 25
$-0.66
$0.30
Q4 24
$-0.29
$0.32
Q3 24
$0.16
$0.29
Q2 24
$0.46
$0.42

Balance Sheet & Financial Strength

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

Metric
BATRA
BATRA
JOE
JOE
Cash + ST InvestmentsLiquidity on hand
$135.2M
$129.6M
Total DebtLower is stronger
$709.2M
$391.2M
Stockholders' EquityBook value
$519.0M
$766.3M
Total Assets
$1.7B
$1.5B
Debt / EquityLower = less leverage
1.37×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
JOE
JOE
Q1 26
$135.2M
Q4 25
$99.9M
$129.6M
Q3 25
$82.2M
$126.1M
Q2 25
$96.2M
$88.2M
Q1 25
$244.7M
$94.5M
Q4 24
$110.1M
$88.8M
Q3 24
$100.9M
$82.7M
Q2 24
$121.2M
$86.7M
Total Debt
BATRA
BATRA
JOE
JOE
Q1 26
$709.2M
Q4 25
$738.6M
$391.2M
Q3 25
$759.9M
$399.0M
Q2 25
$703.1M
$427.3M
Q1 25
$699.5M
$434.8M
Q4 24
$617.1M
$437.8M
Q3 24
$640.1M
$443.3M
Q2 24
$600.0M
$447.4M
Stockholders' Equity
BATRA
BATRA
JOE
JOE
Q1 26
$519.0M
Q4 25
$526.0M
$766.3M
Q3 25
$560.3M
$760.7M
Q2 25
$522.8M
$738.8M
Q1 25
$486.1M
$727.9M
Q4 24
$524.2M
$724.3M
Q3 24
$530.4M
$716.4M
Q2 24
$512.7M
$708.1M
Total Assets
BATRA
BATRA
JOE
JOE
Q1 26
$1.7B
Q4 25
$1.6B
$1.5B
Q3 25
$1.7B
$1.5B
Q2 25
$1.7B
$1.5B
Q1 25
$1.7B
$1.5B
Q4 24
$1.5B
$1.5B
Q3 24
$1.6B
$1.5B
Q2 24
$1.6B
$1.6B
Debt / Equity
BATRA
BATRA
JOE
JOE
Q1 26
1.37×
Q4 25
1.40×
0.51×
Q3 25
1.36×
0.52×
Q2 25
1.34×
0.58×
Q1 25
1.44×
0.60×
Q4 24
1.18×
0.60×
Q3 24
1.21×
0.62×
Q2 24
1.17×
0.63×

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
JOE
JOE
Operating Cash FlowLast quarter
$190.7M
Free Cash FlowOCF − Capex
$186.6M
FCF MarginFCF / Revenue
144.8%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
6.37×
TTM Free Cash FlowTrailing 4 quarters
$329.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
$26.4M
$190.7M
Q3 25
$-88.8M
$86.2M
Q2 25
$-8.1M
$31.1M
Q1 25
$95.8M
$29.0M
Q4 24
$28.9M
$108.0M
Q3 24
$-69.0M
$27.7M
Q2 24
$-34.3M
$22.8M
Free Cash Flow
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
$186.6M
Q3 25
$85.2M
Q2 25
$-82.3M
$29.7M
Q1 25
$76.3M
$27.8M
Q4 24
$16.8M
$100.2M
Q3 24
$-85.5M
$25.9M
Q2 24
$-64.1M
$21.5M
FCF Margin
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
144.8%
Q3 25
52.9%
Q2 25
-26.3%
23.0%
Q1 25
161.5%
29.6%
Q4 24
32.3%
96.1%
Q3 24
-29.4%
26.2%
Q2 24
-22.7%
19.3%
Capex Intensity
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
0.0%
3.1%
Q3 25
0.0%
0.6%
Q2 25
23.7%
1.0%
Q1 25
41.3%
1.2%
Q4 24
23.2%
7.4%
Q3 24
5.7%
1.8%
Q2 24
10.5%
1.2%
Cash Conversion
BATRA
BATRA
JOE
JOE
Q1 26
Q4 25
6.37×
Q3 25
-2.96×
2.23×
Q2 25
-0.28×
1.05×
Q1 25
1.66×
Q4 24
5.71×
Q3 24
-6.89×
1.65×
Q2 24
-1.18×
0.93×

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%

JOE
JOE

Residential Real Estate Segment$57.2M44%
Hospitality Segment$47.4M37%
Commercial$20.5M16%
Sjbb Llc$2.8M2%

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