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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
PennyMac Mortgage Investment Trust is the larger business by last-quarter revenue ($93.6M vs $61.3M, roughly 1.5× Atlanta Braves Holdings, Inc.). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -67.6%, a 123.6% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
BATRA vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $93.6M |
| Net Profit | $-41.4M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | 38.6% |
| Net Margin | -67.6% | 56.0% |
| Revenue YoY | 17.6% | -13.3% |
| Net Profit YoY | -116.7% | 12.5% |
| EPS (diluted) | $-0.64 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $311.5M | $99.2M | ||
| Q2 25 | $312.4M | $70.2M | ||
| Q1 25 | $47.2M | $44.5M | ||
| Q4 24 | $52.1M | $107.9M | ||
| Q3 24 | $290.7M | $80.9M | ||
| Q2 24 | $282.9M | $71.2M | ||
| Q1 24 | — | $74.2M |
| Q4 25 | $-41.4M | $52.4M | ||
| Q3 25 | $30.0M | $58.3M | ||
| Q2 25 | $29.5M | $7.5M | ||
| Q1 25 | $-41.4M | $9.7M | ||
| Q4 24 | $-19.1M | $46.5M | ||
| Q3 24 | $10.0M | $41.4M | ||
| Q2 24 | $29.1M | $25.4M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | -81.2% | 38.6% | ||
| Q3 25 | 12.5% | 47.4% | ||
| Q2 25 | 13.4% | 24.2% | ||
| Q1 25 | -94.2% | -14.2% | ||
| Q4 24 | -35.8% | 51.1% | ||
| Q3 24 | 2.2% | 32.8% | ||
| Q2 24 | 8.8% | 40.2% | ||
| Q1 24 | — | 43.6% |
| Q4 25 | -67.6% | 56.0% | ||
| Q3 25 | 9.6% | 58.7% | ||
| Q2 25 | 9.4% | 10.7% | ||
| Q1 25 | -87.7% | 21.8% | ||
| Q4 24 | -36.7% | 43.1% | ||
| Q3 24 | 3.4% | 51.2% | ||
| Q2 24 | 10.3% | 35.7% | ||
| Q1 24 | — | 64.2% |
| Q4 25 | $-0.64 | $0.49 | ||
| Q3 25 | $0.47 | $0.55 | ||
| Q2 25 | $0.46 | $-0.04 | ||
| Q1 25 | $-0.66 | $-0.01 | ||
| Q4 24 | $-0.29 | $0.45 | ||
| Q3 24 | $0.16 | $0.36 | ||
| Q2 24 | $0.46 | $0.17 | ||
| Q1 24 | — | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | $738.6M | $1.1B |
| Stockholders' EquityBook value | $526.0M | $1.9B |
| Total Assets | $1.6B | $21.3B |
| Debt / EquityLower = less leverage | 1.40× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $190.5M | ||
| Q3 25 | $82.2M | $181.0M | ||
| Q2 25 | $96.2M | $108.6M | ||
| Q1 25 | $244.7M | $204.2M | ||
| Q4 24 | $110.1M | $103.2M | ||
| Q3 24 | $100.9M | $102.8M | ||
| Q2 24 | $121.2M | $336.3M | ||
| Q1 24 | — | $343.3M |
| Q4 25 | $738.6M | $1.1B | ||
| Q3 25 | $759.9M | $299.0M | ||
| Q2 25 | $703.1M | $1.2B | ||
| Q1 25 | $699.5M | $968.4M | ||
| Q4 24 | $617.1M | $1.0B | ||
| Q3 24 | $640.1M | $5.2B | ||
| Q2 24 | $600.0M | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $526.0M | $1.9B | ||
| Q3 25 | $560.3M | $1.9B | ||
| Q2 25 | $522.8M | $1.9B | ||
| Q1 25 | $486.1M | $1.9B | ||
| Q4 24 | $524.2M | $1.9B | ||
| Q3 24 | $530.4M | $1.9B | ||
| Q2 24 | $512.7M | $1.9B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $1.6B | $21.3B | ||
| Q3 25 | $1.7B | $18.5B | ||
| Q2 25 | $1.7B | $16.8B | ||
| Q1 25 | $1.7B | $14.9B | ||
| Q4 24 | $1.5B | $14.4B | ||
| Q3 24 | $1.6B | $13.1B | ||
| Q2 24 | $1.6B | $12.1B | ||
| Q1 24 | — | $12.3B |
| Q4 25 | 1.40× | 0.58× | ||
| Q3 25 | 1.36× | 0.16× | ||
| Q2 25 | 1.34× | 0.65× | ||
| Q1 25 | 1.44× | 0.51× | ||
| Q4 24 | 1.18× | 0.52× | ||
| Q3 24 | 1.21× | 2.70× | ||
| Q2 24 | 1.17× | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $-7.2B | ||
| Q3 25 | $-88.8M | $-1.3B | ||
| Q2 25 | $-8.1M | $-2.0B | ||
| Q1 25 | $95.8M | $-594.3M | ||
| Q4 24 | $28.9M | $-2.7B | ||
| Q3 24 | $-69.0M | $-983.8M | ||
| Q2 24 | $-34.3M | $243.8M | ||
| Q1 24 | — | $-342.4M |
| 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 | — | -137.76× | ||
| Q3 25 | -2.96× | -22.26× | ||
| Q2 25 | -0.28× | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | -6.89× | -23.76× | ||
| Q2 24 | -1.18× | 9.59× | ||
| Q1 24 | — | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
