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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and MFA FINANCIAL, INC. (MFA). 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 $55.5M, roughly 1.1× MFA FINANCIAL, INC.). On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 9.2%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% 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.
MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.
BATRA vs MFA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $55.5M |
| Net Profit | $-41.4M | — |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 97.9% |
| Net Margin | -67.6% | — |
| Revenue YoY | 17.6% | 9.2% |
| Net Profit YoY | -116.7% | — |
| EPS (diluted) | $-0.64 | $0.43 |
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 | $55.5M | ||
| Q3 25 | $311.5M | $56.8M | ||
| Q2 25 | $312.4M | $61.3M | ||
| Q1 25 | $47.2M | $57.5M | ||
| Q4 24 | $52.1M | $50.8M | ||
| Q3 24 | $290.7M | $50.6M | ||
| Q2 24 | $282.9M | $53.5M | ||
| Q1 24 | — | $47.8M |
| Q4 25 | $-41.4M | — | ||
| Q3 25 | $30.0M | $48.1M | ||
| Q2 25 | $29.5M | $33.2M | ||
| Q1 25 | $-41.4M | $41.2M | ||
| Q4 24 | $-19.1M | — | ||
| Q3 24 | $10.0M | $48.2M | ||
| Q2 24 | $29.1M | $41.9M | ||
| Q1 24 | — | $23.2M |
| Q4 25 | -81.2% | 97.9% | ||
| Q3 25 | 12.5% | 84.5% | ||
| Q2 25 | 13.4% | 54.5% | ||
| Q1 25 | -94.2% | 70.0% | ||
| Q4 24 | -35.8% | 6.8% | ||
| Q3 24 | 2.2% | 98.2% | ||
| Q2 24 | 8.8% | 79.1% | ||
| Q1 24 | — | 50.7% |
| Q4 25 | -67.6% | — | ||
| Q3 25 | 9.6% | 84.7% | ||
| Q2 25 | 9.4% | 54.2% | ||
| Q1 25 | -87.7% | 71.6% | ||
| Q4 24 | -36.7% | — | ||
| Q3 24 | 3.4% | 95.2% | ||
| Q2 24 | 10.3% | 78.4% | ||
| Q1 24 | — | 48.5% |
| Q4 25 | $-0.64 | $0.43 | ||
| Q3 25 | $0.47 | $0.35 | ||
| Q2 25 | $0.46 | $0.21 | ||
| Q1 25 | $-0.66 | $0.31 | ||
| Q4 24 | $-0.29 | $-0.01 | ||
| Q3 24 | $0.16 | $0.37 | ||
| Q2 24 | $0.46 | $0.32 | ||
| Q1 24 | — | $0.14 |
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 | $213.2M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $1.8B |
| Total Assets | $1.6B | $13.0B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $213.2M | ||
| Q3 25 | $82.2M | $305.2M | ||
| Q2 25 | $96.2M | $275.7M | ||
| Q1 25 | $244.7M | $253.7M | ||
| Q4 24 | $110.1M | $338.9M | ||
| Q3 24 | $100.9M | $305.6M | ||
| Q2 24 | $121.2M | $289.4M | ||
| Q1 24 | — | $306.3M |
| 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 | $1.8B | ||
| Q3 25 | $560.3M | $1.8B | ||
| Q2 25 | $522.8M | $1.8B | ||
| Q1 25 | $486.1M | $1.8B | ||
| Q4 24 | $524.2M | $1.8B | ||
| Q3 24 | $530.4M | $1.9B | ||
| Q2 24 | $512.7M | $1.9B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | $1.6B | $13.0B | ||
| Q3 25 | $1.7B | $12.1B | ||
| Q2 25 | $1.7B | $11.7B | ||
| Q1 25 | $1.7B | $11.5B | ||
| Q4 24 | $1.5B | $11.4B | ||
| Q3 24 | $1.6B | $11.2B | ||
| Q2 24 | $1.6B | $11.1B | ||
| Q1 24 | — | $10.9B |
| 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 | $76.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $76.2M | ||
| Q3 25 | $-88.8M | $14.7M | ||
| Q2 25 | $-8.1M | $38.5M | ||
| Q1 25 | $95.8M | $-14.6M | ||
| Q4 24 | $28.9M | $200.1M | ||
| Q3 24 | $-69.0M | $-11.3M | ||
| Q2 24 | $-34.3M | $46.5M | ||
| Q1 24 | — | $53.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.3M | — | ||
| Q1 25 | $76.3M | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $-85.5M | — | ||
| Q2 24 | $-64.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -26.3% | — | ||
| Q1 25 | 161.5% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -29.4% | — | ||
| Q2 24 | -22.7% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 41.3% | — | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | 0.31× | ||
| Q2 25 | -0.28× | 1.16× | ||
| Q1 25 | — | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | -0.23× | ||
| Q2 24 | -1.18× | 1.11× | ||
| Q1 24 | — | 2.30× |
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% |
MFA
Segment breakdown not available.
