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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $61.3M, roughly 2.0× Atlanta Braves Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -67.6%, a 115.7% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -11.0%). Over the past eight quarters, Kennedy-Wilson Holdings, Inc.'s revenue compounded faster (-6.0% 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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
BATRA vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $120.6M |
| Net Profit | $-41.4M | $58.0M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 57.3% |
| Net Margin | -67.6% | 48.1% |
| Revenue YoY | 17.6% | -11.0% |
| Net Profit YoY | -116.7% | 32.7% |
| EPS (diluted) | $-0.64 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $311.5M | $116.4M | ||
| Q2 25 | $312.4M | $135.7M | ||
| Q1 25 | $47.2M | $128.3M | ||
| Q4 24 | $52.1M | $135.5M | ||
| Q3 24 | $290.7M | $127.5M | ||
| Q2 24 | $282.9M | $132.0M | ||
| Q1 24 | — | $136.4M |
| Q4 25 | $-41.4M | $58.0M | ||
| Q3 25 | $30.0M | $-10.2M | ||
| Q2 25 | $29.5M | $5.6M | ||
| Q1 25 | $-41.4M | $-29.6M | ||
| Q4 24 | $-19.1M | $43.7M | ||
| Q3 24 | $10.0M | $-66.8M | ||
| Q2 24 | $29.1M | $-48.3M | ||
| Q1 24 | — | $37.7M |
| Q4 25 | -81.2% | 57.3% | ||
| Q3 25 | 12.5% | -6.2% | ||
| Q2 25 | 13.4% | 7.4% | ||
| Q1 25 | -94.2% | -26.9% | ||
| Q4 24 | -35.8% | 36.7% | ||
| Q3 24 | 2.2% | -60.8% | ||
| Q2 24 | 8.8% | -45.5% | ||
| Q1 24 | — | 47.2% |
| Q4 25 | -67.6% | 48.1% | ||
| Q3 25 | 9.6% | -8.8% | ||
| Q2 25 | 9.4% | 4.1% | ||
| Q1 25 | -87.7% | -23.1% | ||
| Q4 24 | -36.7% | 32.3% | ||
| Q3 24 | 3.4% | -52.4% | ||
| Q2 24 | 10.3% | -36.6% | ||
| Q1 24 | — | 27.6% |
| Q4 25 | $-0.64 | $0.22 | ||
| Q3 25 | $0.47 | $-0.15 | ||
| Q2 25 | $0.46 | $-0.05 | ||
| Q1 25 | $-0.66 | $-0.30 | ||
| Q4 24 | $-0.29 | $0.24 | ||
| Q3 24 | $0.16 | $-0.56 | ||
| Q2 24 | $0.46 | $-0.43 | ||
| 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 | $184.5M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $1.5B |
| Total Assets | $1.6B | $6.6B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $184.5M | ||
| Q3 25 | $82.2M | $382.6M | ||
| Q2 25 | $96.2M | $309.1M | ||
| Q1 25 | $244.7M | $356.6M | ||
| Q4 24 | $110.1M | $217.5M | ||
| Q3 24 | $100.9M | $367.1M | ||
| Q2 24 | $121.2M | $366.5M | ||
| Q1 24 | — | $541.9M |
| 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 24 | — | — |
| Q4 25 | $526.0M | $1.5B | ||
| Q3 25 | $560.3M | $1.5B | ||
| Q2 25 | $522.8M | $1.6B | ||
| Q1 25 | $486.1M | $1.6B | ||
| Q4 24 | $524.2M | $1.6B | ||
| Q3 24 | $530.4M | $1.6B | ||
| Q2 24 | $512.7M | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $1.6B | $6.6B | ||
| Q3 25 | $1.7B | $6.7B | ||
| Q2 25 | $1.7B | $6.8B | ||
| Q1 25 | $1.7B | $7.2B | ||
| Q4 24 | $1.5B | $7.0B | ||
| Q3 24 | $1.6B | $7.4B | ||
| Q2 24 | $1.6B | $7.5B | ||
| Q1 24 | — | $7.7B |
| 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× | — | ||
| 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 | $11.4M |
| Free Cash FlowOCF − Capex | — | $-55.2M |
| FCF MarginFCF / Revenue | — | -45.8% |
| Capex IntensityCapex / Revenue | 0.0% | 55.2% |
| Cash ConversionOCF / Net Profit | — | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $11.4M | ||
| Q3 25 | $-88.8M | $-7.6M | ||
| Q2 25 | $-8.1M | $42.0M | ||
| Q1 25 | $95.8M | $-51.9M | ||
| Q4 24 | $28.9M | $55.1M | ||
| Q3 24 | $-69.0M | $-5.6M | ||
| Q2 24 | $-34.3M | $36.7M | ||
| Q1 24 | — | $-5.6M |
| Q4 25 | — | $-55.2M | ||
| Q3 25 | — | $-18.0M | ||
| Q2 25 | $-82.3M | $29.4M | ||
| Q1 25 | $76.3M | $-59.7M | ||
| Q4 24 | $16.8M | $-76.5M | ||
| Q3 24 | $-85.5M | $-27.7M | ||
| Q2 24 | $-64.1M | $-500.0K | ||
| Q1 24 | — | $-57.1M |
| Q4 25 | — | -45.8% | ||
| Q3 25 | — | -15.5% | ||
| Q2 25 | -26.3% | 21.7% | ||
| Q1 25 | 161.5% | -46.5% | ||
| Q4 24 | 32.3% | -56.5% | ||
| Q3 24 | -29.4% | -21.7% | ||
| Q2 24 | -22.7% | -0.4% | ||
| Q1 24 | — | -41.9% |
| Q4 25 | 0.0% | 55.2% | ||
| Q3 25 | 0.0% | 8.9% | ||
| Q2 25 | 23.7% | 9.3% | ||
| Q1 25 | 41.3% | 6.1% | ||
| Q4 24 | 23.2% | 97.1% | ||
| Q3 24 | 5.7% | 17.3% | ||
| Q2 24 | 10.5% | 28.2% | ||
| Q1 24 | — | 37.8% |
| Q4 25 | — | 0.20× | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | 7.50× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
