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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $61.3M, roughly 1.5× Atlanta Braves Holdings, Inc.). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -67.6%, a 61.7% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 7.2%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
BATRA vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $91.6M |
| Net Profit | $-41.4M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | -1.0% |
| Net Margin | -67.6% | -5.9% |
| Revenue YoY | 17.6% | 7.2% |
| Net Profit YoY | -116.7% | -95.8% |
| EPS (diluted) | $-0.64 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $311.5M | $89.8M | ||
| Q2 25 | $312.4M | $88.6M | ||
| Q1 25 | $47.2M | $87.9M | ||
| Q4 24 | $52.1M | $85.4M | ||
| Q3 24 | $290.7M | $87.6M | ||
| Q2 24 | $282.9M | $85.8M | ||
| Q1 24 | — | $69.2M |
| Q4 25 | $-41.4M | $-5.4M | ||
| Q3 25 | $30.0M | $-9.4M | ||
| Q2 25 | $29.5M | $-9.0M | ||
| Q1 25 | $-41.4M | $-9.1M | ||
| Q4 24 | $-19.1M | $-2.7M | ||
| Q3 24 | $10.0M | $-5.3M | ||
| Q2 24 | $29.1M | $-12.9M | ||
| Q1 24 | — | $214.7M |
| Q4 25 | -81.2% | -1.0% | ||
| Q3 25 | 12.5% | -8.0% | ||
| Q2 25 | 13.4% | -10.3% | ||
| Q1 25 | -94.2% | -6.9% | ||
| Q4 24 | -35.8% | -6.7% | ||
| Q3 24 | 2.2% | -4.8% | ||
| Q2 24 | 8.8% | -18.5% | ||
| Q1 24 | — | -4.0% |
| Q4 25 | -67.6% | -5.9% | ||
| Q3 25 | 9.6% | -10.5% | ||
| Q2 25 | 9.4% | -10.2% | ||
| Q1 25 | -87.7% | -10.4% | ||
| Q4 24 | -36.7% | -3.2% | ||
| Q3 24 | 3.4% | -6.0% | ||
| Q2 24 | 10.3% | -15.0% | ||
| Q1 24 | — | 310.0% |
| Q4 25 | $-0.64 | $-0.13 | ||
| Q3 25 | $0.47 | $-0.20 | ||
| Q2 25 | $0.46 | $-0.19 | ||
| Q1 25 | $-0.66 | $-0.19 | ||
| Q4 24 | $-0.29 | $-0.34 | ||
| Q3 24 | $0.16 | $-0.13 | ||
| Q2 24 | $0.46 | $-0.24 | ||
| Q1 24 | — | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | $738.6M | $642.4M |
| Stockholders' EquityBook value | $526.0M | $880.8M |
| Total Assets | $1.6B | $1.9B |
| Debt / EquityLower = less leverage | 1.40× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $27.3M | ||
| Q3 25 | $82.2M | $22.6M | ||
| Q2 25 | $96.2M | $29.1M | ||
| Q1 25 | $244.7M | $87.5M | ||
| Q4 24 | $110.1M | $46.3M | ||
| Q3 24 | $100.9M | $43.1M | ||
| Q2 24 | $121.2M | $43.8M | ||
| Q1 24 | — | $389.7M |
| Q4 25 | $738.6M | $642.4M | ||
| Q3 25 | $759.9M | $535.4M | ||
| Q2 25 | $703.1M | $513.1M | ||
| Q1 25 | $699.5M | $515.8M | ||
| Q4 24 | $617.1M | $418.0M | ||
| Q3 24 | $640.1M | $345.2M | ||
| Q2 24 | $600.0M | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $526.0M | $880.8M | ||
| Q3 25 | $560.3M | $892.7M | ||
| Q2 25 | $522.8M | $902.0M | ||
| Q1 25 | $486.1M | $910.5M | ||
| Q4 24 | $524.2M | $918.6M | ||
| Q3 24 | $530.4M | $925.4M | ||
| Q2 24 | $512.7M | $933.1M | ||
| Q1 24 | — | $871.6M |
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | 1.40× | 0.73× | ||
| Q3 25 | 1.36× | 0.60× | ||
| Q2 25 | 1.34× | 0.57× | ||
| Q1 25 | 1.44× | 0.57× | ||
| Q4 24 | 1.18× | 0.46× | ||
| Q3 24 | 1.21× | 0.37× | ||
| Q2 24 | 1.17× | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | 0.0% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $28.8M | ||
| Q3 25 | $-88.8M | $30.7M | ||
| Q2 25 | $-8.1M | $20.9M | ||
| Q1 25 | $95.8M | $20.5M | ||
| Q4 24 | $28.9M | $20.6M | ||
| Q3 24 | $-69.0M | $24.3M | ||
| Q2 24 | $-34.3M | $2.5M | ||
| Q1 24 | — | $15.2M |
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | $-82.3M | $-65.3M | ||
| Q1 25 | $76.3M | $-62.7M | ||
| Q4 24 | $16.8M | $-72.0M | ||
| Q3 24 | $-85.5M | $-51.3M | ||
| Q2 24 | $-64.1M | $-78.3M | ||
| Q1 24 | — | $-54.9M |
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | -26.3% | -73.7% | ||
| Q1 25 | 161.5% | -71.3% | ||
| Q4 24 | 32.3% | -84.3% | ||
| Q3 24 | -29.4% | -58.5% | ||
| Q2 24 | -22.7% | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | 0.0% | 117.2% | ||
| Q3 25 | 0.0% | 91.4% | ||
| Q2 25 | 23.7% | 97.3% | ||
| Q1 25 | 41.3% | 94.7% | ||
| Q4 24 | 23.2% | 108.4% | ||
| Q3 24 | 5.7% | 86.2% | ||
| Q2 24 | 10.5% | 94.2% | ||
| Q1 24 | — | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | — | ||
| Q2 24 | -1.18× | — | ||
| Q1 24 | — | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
