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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and SMARTFINANCIAL INC. (SMBK). 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 $53.8M, roughly 1.1× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -67.6%, a 93.0% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
BATRA vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $53.8M |
| Net Profit | $-41.4M | $13.7M |
| Gross Margin | — | — |
| Operating Margin | -81.2% | — |
| Net Margin | -67.6% | 25.4% |
| Revenue YoY | 17.6% | — |
| Net Profit YoY | -116.7% | 21.6% |
| EPS (diluted) | $-0.64 | $0.81 |
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 | — | $53.8M | ||
| Q4 25 | $61.3M | $53.3M | ||
| Q3 25 | $311.5M | $51.1M | ||
| Q2 25 | $312.4M | $49.2M | ||
| Q1 25 | $47.2M | $46.8M | ||
| Q4 24 | $52.1M | $46.8M | ||
| Q3 24 | $290.7M | $44.2M | ||
| Q2 24 | $282.9M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-41.4M | $13.7M | ||
| Q3 25 | $30.0M | $13.7M | ||
| Q2 25 | $29.5M | $11.7M | ||
| Q1 25 | $-41.4M | $11.3M | ||
| Q4 24 | $-19.1M | $9.6M | ||
| Q3 24 | $10.0M | $9.1M | ||
| Q2 24 | $29.1M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -81.2% | 31.3% | ||
| Q3 25 | 12.5% | 33.2% | ||
| Q2 25 | 13.4% | 29.0% | ||
| Q1 25 | -94.2% | 29.0% | ||
| Q4 24 | -35.8% | 26.5% | ||
| Q3 24 | 2.2% | 24.3% | ||
| Q2 24 | 8.8% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -67.6% | 25.7% | ||
| Q3 25 | 9.6% | 26.8% | ||
| Q2 25 | 9.4% | 23.8% | ||
| Q1 25 | -87.7% | 24.0% | ||
| Q4 24 | -36.7% | 20.6% | ||
| Q3 24 | 3.4% | 20.7% | ||
| Q2 24 | 10.3% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.64 | $0.81 | ||
| Q3 25 | $0.47 | $0.81 | ||
| Q2 25 | $0.46 | $0.69 | ||
| Q1 25 | $-0.66 | $0.67 | ||
| Q4 24 | $-0.29 | $0.57 | ||
| Q3 24 | $0.16 | $0.54 | ||
| Q2 24 | $0.46 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $562.2M |
| Total Assets | $1.6B | $5.9B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $99.9M | $464.4M | ||
| Q3 25 | $82.2M | $557.1M | ||
| Q2 25 | $96.2M | $365.1M | ||
| Q1 25 | $244.7M | $423.0M | ||
| Q4 24 | $110.1M | $387.6M | ||
| Q3 24 | $100.9M | $192.9M | ||
| Q2 24 | $121.2M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $738.6M | — | ||
| Q3 25 | $759.9M | $1.3M | ||
| Q2 25 | $703.1M | $7.0M | ||
| Q1 25 | $699.5M | $7.6M | ||
| Q4 24 | $617.1M | $8.1M | ||
| Q3 24 | $640.1M | $9.0M | ||
| Q2 24 | $600.0M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $526.0M | $552.4M | ||
| Q3 25 | $560.3M | $538.4M | ||
| Q2 25 | $522.8M | $519.0M | ||
| Q1 25 | $486.1M | $505.8M | ||
| Q4 24 | $524.2M | $491.3M | ||
| Q3 24 | $530.4M | $489.0M | ||
| Q2 24 | $512.7M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $1.6B | $5.9B | ||
| Q3 25 | $1.7B | $5.8B | ||
| Q2 25 | $1.7B | $5.5B | ||
| Q1 25 | $1.7B | $5.4B | ||
| Q4 24 | $1.5B | $5.3B | ||
| Q3 24 | $1.6B | $4.9B | ||
| Q2 24 | $1.6B | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.36× | 0.00× | ||
| Q2 25 | 1.34× | 0.01× | ||
| Q1 25 | 1.44× | 0.02× | ||
| Q4 24 | 1.18× | 0.02× | ||
| Q3 24 | 1.21× | 0.02× | ||
| Q2 24 | 1.17× | 0.03× |
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 | $61.7M | ||
| Q3 25 | $-88.8M | $16.9M | ||
| Q2 25 | $-8.1M | $14.0M | ||
| Q1 25 | $95.8M | $14.3M | ||
| Q4 24 | $28.9M | $52.7M | ||
| Q3 24 | $-69.0M | $12.4M | ||
| Q2 24 | $-34.3M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $59.3M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | $-82.3M | $13.2M | ||
| Q1 25 | $76.3M | $13.4M | ||
| Q4 24 | $16.8M | $46.3M | ||
| Q3 24 | $-85.5M | $11.3M | ||
| Q2 24 | $-64.1M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 111.3% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | -26.3% | 26.9% | ||
| Q1 25 | 161.5% | 28.5% | ||
| Q4 24 | 32.3% | 98.9% | ||
| Q3 24 | -29.4% | 25.7% | ||
| Q2 24 | -22.7% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 4.5% | ||
| Q3 25 | 0.0% | 0.6% | ||
| Q2 25 | 23.7% | 1.6% | ||
| Q1 25 | 41.3% | 2.0% | ||
| Q4 24 | 23.2% | 13.7% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 10.5% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | -2.96× | 1.23× | ||
| Q2 25 | -0.28× | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | -6.89× | 1.36× | ||
| Q2 24 | -1.18× | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
