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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and NETSTREIT Corp. (NTST). 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 $57.1M, roughly 1.1× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -67.6%, a 77.6% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 17.6%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% 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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
BATRA vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $57.1M |
| Net Profit | $-41.4M | $5.7M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 34.1% |
| Net Margin | -67.6% | 10.0% |
| Revenue YoY | 17.6% | 24.3% |
| Net Profit YoY | -116.7% | 235.9% |
| EPS (diluted) | $-0.64 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $61.3M | $52.5M | ||
| Q3 25 | $311.5M | $48.3M | ||
| Q2 25 | $312.4M | $48.3M | ||
| Q1 25 | $47.2M | $45.9M | ||
| Q4 24 | $52.1M | $44.1M | ||
| Q3 24 | $290.7M | $41.4M | ||
| Q2 24 | $282.9M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | $-41.4M | $1.3M | ||
| Q3 25 | $30.0M | $618.0K | ||
| Q2 25 | $29.5M | $3.3M | ||
| Q1 25 | $-41.4M | $1.7M | ||
| Q4 24 | $-19.1M | $-5.4M | ||
| Q3 24 | $10.0M | $-5.3M | ||
| Q2 24 | $29.1M | $-2.3M |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -81.2% | 2.6% | ||
| Q3 25 | 12.5% | 1.3% | ||
| Q2 25 | 13.4% | 6.8% | ||
| Q1 25 | -94.2% | 3.7% | ||
| Q4 24 | -35.8% | -12.3% | ||
| Q3 24 | 2.2% | -12.8% | ||
| Q2 24 | 8.8% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | -67.6% | 2.5% | ||
| Q3 25 | 9.6% | 1.3% | ||
| Q2 25 | 9.4% | 6.8% | ||
| Q1 25 | -87.7% | 3.7% | ||
| Q4 24 | -36.7% | -12.3% | ||
| Q3 24 | 3.4% | -12.8% | ||
| Q2 24 | 10.3% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.64 | $0.01 | ||
| Q3 25 | $0.47 | $0.01 | ||
| Q2 25 | $0.46 | $0.04 | ||
| Q1 25 | $-0.66 | $0.02 | ||
| Q4 24 | $-0.29 | $-0.07 | ||
| Q3 24 | $0.16 | $-0.07 | ||
| Q2 24 | $0.46 | $-0.03 |
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 | — |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $1.5B |
| Total Assets | $1.6B | $2.8B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — |
| Q1 26 | — | — | ||
| Q4 25 | $738.6M | $1.1B | ||
| Q3 25 | $759.9M | $1.1B | ||
| Q2 25 | $703.1M | $926.6M | ||
| Q1 25 | $699.5M | $913.3M | ||
| Q4 24 | $617.1M | $868.3M | ||
| Q3 24 | $640.1M | $778.7M | ||
| Q2 24 | $600.0M | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $526.0M | $1.4B | ||
| Q3 25 | $560.3M | $1.3B | ||
| Q2 25 | $522.8M | $1.3B | ||
| Q1 25 | $486.1M | $1.3B | ||
| Q4 24 | $524.2M | $1.3B | ||
| Q3 24 | $530.4M | $1.3B | ||
| Q2 24 | $512.7M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.6B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.76× | ||
| Q3 25 | 1.36× | 0.84× | ||
| Q2 25 | 1.34× | 0.70× | ||
| Q1 25 | 1.44× | 0.70× | ||
| Q4 24 | 1.18× | 0.65× | ||
| Q3 24 | 1.21× | 0.58× | ||
| Q2 24 | 1.17× | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $26.4M | $109.5M | ||
| Q3 25 | $-88.8M | $28.0M | ||
| Q2 25 | $-8.1M | $30.6M | ||
| Q1 25 | $95.8M | $22.1M | ||
| Q4 24 | $28.9M | $90.2M | ||
| Q3 24 | $-69.0M | $25.1M | ||
| Q2 24 | $-34.3M | $25.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | -2.96× | 45.27× | ||
| Q2 25 | -0.28× | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — |
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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
