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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $72.0M, roughly 1.4× Atlanta Braves Holdings, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -56.1%, a 84.6% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (52.5% vs 6.5%). Over the past eight quarters, Safehold Inc.'s revenue compounded faster (2.5% CAGR vs -49.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
BATRA vs SAFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $97.9M |
| Net Profit | $-40.4M | $27.9M |
| Gross Margin | — | 98.6% |
| Operating Margin | — | 27.4% |
| Net Margin | -56.1% | 28.5% |
| Revenue YoY | 52.5% | 6.5% |
| Net Profit YoY | 2.3% | 7.1% |
| EPS (diluted) | $-0.63 | $0.38 |
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 | $72.0M | — | ||
| Q4 25 | $61.3M | $97.9M | ||
| Q3 25 | $311.5M | $96.2M | ||
| Q2 25 | $312.4M | $93.8M | ||
| Q1 25 | $47.2M | $97.7M | ||
| Q4 24 | $52.1M | $91.9M | ||
| Q3 24 | $290.7M | $90.7M | ||
| Q2 24 | $282.9M | $89.9M |
| Q1 26 | $-40.4M | — | ||
| Q4 25 | $-41.4M | $27.9M | ||
| Q3 25 | $30.0M | $29.3M | ||
| Q2 25 | $29.5M | $27.9M | ||
| Q1 25 | $-41.4M | $29.4M | ||
| Q4 24 | $-19.1M | $26.0M | ||
| Q3 24 | $10.0M | $19.3M | ||
| Q2 24 | $29.1M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 98.6% | ||
| Q3 25 | — | 98.5% | ||
| Q2 25 | — | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% |
| Q1 26 | — | — | ||
| Q4 25 | -81.2% | 27.4% | ||
| Q3 25 | 12.5% | 25.9% | ||
| Q2 25 | 13.4% | 25.5% | ||
| Q1 25 | -94.2% | 25.9% | ||
| Q4 24 | -35.8% | 24.6% | ||
| Q3 24 | 2.2% | 17.5% | ||
| Q2 24 | 8.8% | 26.7% |
| Q1 26 | -56.1% | — | ||
| Q4 25 | -67.6% | 28.5% | ||
| Q3 25 | 9.6% | 30.5% | ||
| Q2 25 | 9.4% | 29.8% | ||
| Q1 25 | -87.7% | 30.1% | ||
| Q4 24 | -36.7% | 28.3% | ||
| Q3 24 | 3.4% | 21.3% | ||
| Q2 24 | 10.3% | 33.0% |
| Q1 26 | $-0.63 | — | ||
| Q4 25 | $-0.64 | $0.38 | ||
| Q3 25 | $0.47 | $0.41 | ||
| Q2 25 | $0.46 | $0.39 | ||
| Q1 25 | $-0.66 | $0.41 | ||
| Q4 24 | $-0.29 | $0.36 | ||
| Q3 24 | $0.16 | $0.27 | ||
| Q2 24 | $0.46 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $135.2M | $21.7M |
| Total DebtLower is stronger | $709.2M | $4.6B |
| Stockholders' EquityBook value | $519.0M | $2.4B |
| Total Assets | $1.7B | $7.2B |
| Debt / EquityLower = less leverage | 1.37× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $135.2M | — | ||
| Q4 25 | $99.9M | $21.7M | ||
| Q3 25 | $82.2M | $12.1M | ||
| Q2 25 | $96.2M | $13.9M | ||
| Q1 25 | $244.7M | $17.3M | ||
| Q4 24 | $110.1M | $8.3M | ||
| Q3 24 | $100.9M | $15.6M | ||
| Q2 24 | $121.2M | $13.4M |
| Q1 26 | $709.2M | — | ||
| Q4 25 | $738.6M | $4.6B | ||
| Q3 25 | $759.9M | $4.5B | ||
| Q2 25 | $703.1M | $4.4B | ||
| Q1 25 | $699.5M | $4.3B | ||
| Q4 24 | $617.1M | $4.3B | ||
| Q3 24 | $640.1M | $4.3B | ||
| Q2 24 | $600.0M | $4.2B |
| Q1 26 | $519.0M | — | ||
| Q4 25 | $526.0M | $2.4B | ||
| Q3 25 | $560.3M | $2.4B | ||
| Q2 25 | $522.8M | $2.4B | ||
| Q1 25 | $486.1M | $2.4B | ||
| Q4 24 | $524.2M | $2.3B | ||
| Q3 24 | $530.4M | $2.3B | ||
| Q2 24 | $512.7M | $2.3B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $7.2B | ||
| Q3 25 | $1.7B | $7.1B | ||
| Q2 25 | $1.7B | $7.1B | ||
| Q1 25 | $1.7B | $6.9B | ||
| Q4 24 | $1.5B | $6.9B | ||
| Q3 24 | $1.6B | $6.8B | ||
| Q2 24 | $1.6B | $6.8B |
| Q1 26 | 1.37× | — | ||
| Q4 25 | 1.40× | 1.90× | ||
| Q3 25 | 1.36× | 1.89× | ||
| Q2 25 | 1.34× | 1.87× | ||
| Q1 25 | 1.44× | 1.85× | ||
| Q4 24 | 1.18× | 1.84× | ||
| Q3 24 | 1.21× | 1.88× | ||
| Q2 24 | 1.17× | 1.81× |
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 | — | $47.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.4M | $47.8M | ||
| Q3 25 | $-88.8M | $-1.4M | ||
| Q2 25 | $-8.1M | $28.0M | ||
| Q1 25 | $95.8M | $8.9M | ||
| Q4 24 | $28.9M | $37.9M | ||
| Q3 24 | $-69.0M | $8.3M | ||
| Q2 24 | $-34.3M | $24.8M |
| 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 | — | 1.72× | ||
| Q3 25 | -2.96× | -0.05× | ||
| Q2 25 | -0.28× | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | -6.89× | 0.43× | ||
| Q2 24 | -1.18× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BATRA
| Baseball revenue | $45.7M | 64% |
| Baseball event | $23.7M | 33% |
| Broadcasting | $2.5M | 3% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
