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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and READING INTERNATIONAL INC (RDI). 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 $50.3M, roughly 1.2× READING INTERNATIONAL INC). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -67.6%, a 62.5% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs -14.2%). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% 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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
BATRA vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $50.3M |
| Net Profit | $-41.4M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | -1.9% |
| Net Margin | -67.6% | -5.1% |
| Revenue YoY | 17.6% | -14.2% |
| Net Profit YoY | -116.7% | -14.5% |
| EPS (diluted) | $-0.64 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $311.5M | $52.2M | ||
| Q2 25 | $312.4M | $60.4M | ||
| Q1 25 | $47.2M | $40.2M | ||
| Q4 24 | $52.1M | $58.6M | ||
| Q3 24 | $290.7M | $60.1M | ||
| Q2 24 | $282.9M | $46.8M | ||
| Q1 24 | — | $45.1M |
| Q4 25 | $-41.4M | $-2.6M | ||
| Q3 25 | $30.0M | $-4.2M | ||
| Q2 25 | $29.5M | $-2.7M | ||
| Q1 25 | $-41.4M | $-4.8M | ||
| Q4 24 | $-19.1M | $-2.2M | ||
| Q3 24 | $10.0M | $-7.0M | ||
| Q2 24 | $29.1M | $-12.8M | ||
| Q1 24 | — | $-13.2M |
| Q4 25 | -81.2% | -1.9% | ||
| Q3 25 | 12.5% | -0.6% | ||
| Q2 25 | 13.4% | 4.8% | ||
| Q1 25 | -94.2% | -17.2% | ||
| Q4 24 | -35.8% | 2.6% | ||
| Q3 24 | 2.2% | -0.6% | ||
| Q2 24 | 8.8% | -16.4% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | -67.6% | -5.1% | ||
| Q3 25 | 9.6% | -8.0% | ||
| Q2 25 | 9.4% | -4.4% | ||
| Q1 25 | -87.7% | -11.8% | ||
| Q4 24 | -36.7% | -3.8% | ||
| Q3 24 | 3.4% | -11.7% | ||
| Q2 24 | 10.3% | -27.4% | ||
| Q1 24 | — | -29.4% |
| Q4 25 | $-0.64 | $-0.11 | ||
| Q3 25 | $0.47 | $-0.18 | ||
| Q2 25 | $0.46 | $-0.12 | ||
| Q1 25 | $-0.66 | $-0.21 | ||
| Q4 24 | $-0.29 | $-0.11 | ||
| Q3 24 | $0.16 | $-0.31 | ||
| Q2 24 | $0.46 | $-0.57 | ||
| Q1 24 | — | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $738.6M | $185.1M |
| Stockholders' EquityBook value | $526.0M | $-18.2M |
| Total Assets | $1.6B | $434.9M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $10.5M | ||
| Q3 25 | $82.2M | $8.1M | ||
| Q2 25 | $96.2M | $9.1M | ||
| Q1 25 | $244.7M | $5.9M | ||
| Q4 24 | $110.1M | $12.4M | ||
| Q3 24 | $100.9M | $10.1M | ||
| Q2 24 | $121.2M | $9.3M | ||
| Q1 24 | — | $7.5M |
| Q4 25 | $738.6M | $185.1M | ||
| Q3 25 | $759.9M | — | ||
| Q2 25 | $703.1M | — | ||
| Q1 25 | $699.5M | — | ||
| Q4 24 | $617.1M | $202.7M | ||
| Q3 24 | $640.1M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $526.0M | $-18.2M | ||
| Q3 25 | $560.3M | $-12.1M | ||
| Q2 25 | $522.8M | $-7.7M | ||
| Q1 25 | $486.1M | $-8.1M | ||
| Q4 24 | $524.2M | $-4.4M | ||
| Q3 24 | $530.4M | $1.6M | ||
| Q2 24 | $512.7M | $6.5M | ||
| Q1 24 | — | $18.0M |
| Q4 25 | $1.6B | $434.9M | ||
| Q3 25 | $1.7B | $435.2M | ||
| Q2 25 | $1.7B | $438.1M | ||
| Q1 25 | $1.7B | $441.0M | ||
| Q4 24 | $1.5B | $471.0M | ||
| Q3 24 | $1.6B | $495.7M | ||
| Q2 24 | $1.6B | $494.9M | ||
| Q1 24 | — | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | 0.0% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $4.3M | ||
| Q3 25 | $-88.8M | $295.0K | ||
| Q2 25 | $-8.1M | $1.6M | ||
| Q1 25 | $95.8M | $-7.7M | ||
| Q4 24 | $28.9M | $8.0M | ||
| Q3 24 | $-69.0M | $1.3M | ||
| Q2 24 | $-34.3M | $-10.4M | ||
| Q1 24 | — | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | $-82.3M | $1.2M | ||
| Q1 25 | $76.3M | $-8.0M | ||
| Q4 24 | $16.8M | $7.0M | ||
| Q3 24 | $-85.5M | $-1.1M | ||
| Q2 24 | $-64.1M | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | -26.3% | 1.9% | ||
| Q1 25 | 161.5% | -19.8% | ||
| Q4 24 | 32.3% | 12.0% | ||
| Q3 24 | -29.4% | -1.8% | ||
| Q2 24 | -22.7% | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 23.7% | 0.6% | ||
| Q1 25 | 41.3% | 0.6% | ||
| Q4 24 | 23.2% | 1.7% | ||
| Q3 24 | 5.7% | 4.0% | ||
| Q2 24 | 10.5% | 0.5% | ||
| Q1 24 | — | 4.3% |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | — |
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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
