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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and LandBridge Co LLC (LB). 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 $56.8M, roughly 1.1× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -67.6%, a 81.8% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 17.6%). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
BATRA vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $56.8M |
| Net Profit | $-41.4M | $8.1M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 60.0% |
| Net Margin | -67.6% | 14.2% |
| Revenue YoY | 17.6% | 55.6% |
| Net Profit YoY | -116.7% | -83.7% |
| EPS (diluted) | $-0.64 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $311.5M | $50.8M | ||
| Q2 25 | $312.4M | $47.5M | ||
| Q1 25 | $47.2M | $44.0M | ||
| Q4 24 | $52.1M | $36.5M | ||
| Q3 24 | $290.7M | $28.5M | ||
| Q2 24 | $282.9M | $26.0M | ||
| Q1 24 | — | $19.0M |
| Q4 25 | $-41.4M | $8.1M | ||
| Q3 25 | $30.0M | $8.1M | ||
| Q2 25 | $29.5M | $7.5M | ||
| Q1 25 | $-41.4M | $6.5M | ||
| Q4 24 | $-19.1M | $49.3M | ||
| Q3 24 | $10.0M | $2.7M | ||
| Q2 24 | $29.1M | $-57.7M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | -81.2% | 60.0% | ||
| Q3 25 | 12.5% | 60.8% | ||
| Q2 25 | 13.4% | 60.0% | ||
| Q1 25 | -94.2% | 57.0% | ||
| Q4 24 | -35.8% | 49.4% | ||
| Q3 24 | 2.2% | 11.2% | ||
| Q2 24 | 8.8% | -197.4% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | -67.6% | 14.2% | ||
| Q3 25 | 9.6% | 15.9% | ||
| Q2 25 | 9.4% | 15.8% | ||
| Q1 25 | -87.7% | 14.7% | ||
| Q4 24 | -36.7% | 135.2% | ||
| Q3 24 | 3.4% | 9.3% | ||
| Q2 24 | 10.3% | -222.1% | ||
| Q1 24 | — | 56.7% |
| Q4 25 | $-0.64 | $0.24 | ||
| Q3 25 | $0.47 | $0.26 | ||
| Q2 25 | $0.46 | $0.24 | ||
| Q1 25 | $-0.66 | $0.20 | ||
| Q4 24 | $-0.29 | — | ||
| Q3 24 | $0.16 | $-0.04 | ||
| Q2 24 | $0.46 | — | ||
| Q1 24 | — | — |
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 | $30.7M |
| Total DebtLower is stronger | $738.6M | $570.7M |
| Stockholders' EquityBook value | $526.0M | $340.3M |
| Total Assets | $1.6B | $1.4B |
| Debt / EquityLower = less leverage | 1.40× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $30.7M | ||
| Q3 25 | $82.2M | $28.3M | ||
| Q2 25 | $96.2M | $20.3M | ||
| Q1 25 | $244.7M | $14.9M | ||
| Q4 24 | $110.1M | $37.0M | ||
| Q3 24 | $100.9M | $14.4M | ||
| Q2 24 | $121.2M | $24.6M | ||
| Q1 24 | — | — |
| Q4 25 | $738.6M | $570.7M | ||
| Q3 25 | $759.9M | $366.1M | ||
| Q2 25 | $703.1M | $370.9M | ||
| Q1 25 | $699.5M | $375.5M | ||
| Q4 24 | $617.1M | $385.5M | ||
| Q3 24 | $640.1M | $242.4M | ||
| Q2 24 | $600.0M | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $526.0M | $340.3M | ||
| Q3 25 | $560.3M | $272.0M | ||
| Q2 25 | $522.8M | $266.4M | ||
| Q1 25 | $486.1M | $217.0M | ||
| Q4 24 | $524.2M | $211.8M | ||
| Q3 24 | $530.4M | $97.2M | ||
| Q2 24 | $512.7M | $296.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.6B | $689.9M | ||
| Q2 24 | $1.6B | $710.5M | ||
| Q1 24 | — | — |
| Q4 25 | 1.40× | 1.68× | ||
| Q3 25 | 1.36× | 1.35× | ||
| Q2 25 | 1.34× | 1.39× | ||
| Q1 25 | 1.44× | 1.73× | ||
| Q4 24 | 1.18× | 1.82× | ||
| Q3 24 | 1.21× | 2.49× | ||
| Q2 24 | 1.17× | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | — | $122.0M |
| FCF MarginFCF / Revenue | — | 214.9% |
| Capex IntensityCapex / Revenue | 0.0% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $126.3M | ||
| Q3 25 | $-88.8M | $34.9M | ||
| Q2 25 | $-8.1M | $37.3M | ||
| Q1 25 | $95.8M | $15.9M | ||
| Q4 24 | $28.9M | $67.6M | ||
| Q3 24 | $-69.0M | $7.5M | ||
| Q2 24 | $-34.3M | $16.0M | ||
| Q1 24 | — | $17.2M |
| Q4 25 | — | $122.0M | ||
| Q3 25 | — | $33.7M | ||
| Q2 25 | $-82.3M | $36.1M | ||
| Q1 25 | $76.3M | $15.8M | ||
| Q4 24 | $16.8M | $66.7M | ||
| Q3 24 | $-85.5M | $7.1M | ||
| Q2 24 | $-64.1M | $15.7M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | — | 214.9% | ||
| Q3 25 | — | 66.3% | ||
| Q2 25 | -26.3% | 75.9% | ||
| Q1 25 | 161.5% | 36.0% | ||
| Q4 24 | 32.3% | 182.6% | ||
| Q3 24 | -29.4% | 25.1% | ||
| Q2 24 | -22.7% | 60.4% | ||
| Q1 24 | — | 90.1% |
| Q4 25 | 0.0% | 7.5% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 23.7% | 2.6% | ||
| Q1 25 | 41.3% | 0.2% | ||
| Q4 24 | 23.2% | 2.7% | ||
| Q3 24 | 5.7% | 1.1% | ||
| Q2 24 | 10.5% | 1.4% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | -2.96× | 4.31× | ||
| Q2 25 | -0.28× | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | -6.89× | 2.80× | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | 1.60× |
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% |
LB
Segment breakdown not available.
