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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and SmartRent, Inc. (SMRT). 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 $36.5M, roughly 1.7× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -67.6%, a 58.7% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 3.1%). Over the past eight quarters, SmartRent, Inc.'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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
BATRA vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $36.5M |
| Net Profit | $-41.4M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -81.2% | -10.9% |
| Net Margin | -67.6% | -8.9% |
| Revenue YoY | 17.6% | 3.1% |
| Net Profit YoY | -116.7% | 71.6% |
| EPS (diluted) | $-0.64 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $311.5M | $36.2M | ||
| Q2 25 | $312.4M | $38.3M | ||
| Q1 25 | $47.2M | $41.3M | ||
| Q4 24 | $52.1M | $35.4M | ||
| Q3 24 | $290.7M | $40.5M | ||
| Q2 24 | $282.9M | $48.5M | ||
| Q1 24 | — | $50.5M |
| Q4 25 | $-41.4M | $-3.2M | ||
| Q3 25 | $30.0M | $-6.3M | ||
| Q2 25 | $29.5M | $-10.9M | ||
| Q1 25 | $-41.4M | $-40.2M | ||
| Q4 24 | $-19.1M | $-11.4M | ||
| Q3 24 | $10.0M | $-9.9M | ||
| Q2 24 | $29.1M | $-4.6M | ||
| Q1 24 | — | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | -81.2% | -10.9% | ||
| Q3 25 | 12.5% | -19.4% | ||
| Q2 25 | 13.4% | -30.5% | ||
| Q1 25 | -94.2% | -99.9% | ||
| Q4 24 | -35.8% | -36.6% | ||
| Q3 24 | 2.2% | -29.0% | ||
| Q2 24 | 8.8% | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -67.6% | -8.9% | ||
| Q3 25 | 9.6% | -17.3% | ||
| Q2 25 | 9.4% | -28.3% | ||
| Q1 25 | -87.7% | -97.2% | ||
| Q4 24 | -36.7% | -32.3% | ||
| Q3 24 | 3.4% | -24.5% | ||
| Q2 24 | 10.3% | -9.5% | ||
| Q1 24 | — | -15.2% |
| Q4 25 | $-0.64 | $-0.02 | ||
| Q3 25 | $0.47 | $-0.03 | ||
| Q2 25 | $0.46 | $-0.06 | ||
| Q1 25 | $-0.66 | $-0.21 | ||
| Q4 24 | $-0.29 | $-0.06 | ||
| Q3 24 | $0.16 | $-0.05 | ||
| Q2 24 | $0.46 | $-0.02 | ||
| Q1 24 | — | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $526.0M | $232.1M |
| Total Assets | $1.6B | $320.9M |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | $104.5M | ||
| Q3 25 | $82.2M | $100.0M | ||
| Q2 25 | $96.2M | $105.0M | ||
| Q1 25 | $244.7M | $125.6M | ||
| Q4 24 | $110.1M | $142.5M | ||
| Q3 24 | $100.9M | $163.4M | ||
| Q2 24 | $121.2M | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | $738.6M | — | ||
| Q3 25 | $759.9M | — | ||
| Q2 25 | $703.1M | — | ||
| Q1 25 | $699.5M | — | ||
| Q4 24 | $617.1M | — | ||
| Q3 24 | $640.1M | — | ||
| Q2 24 | $600.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $526.0M | $232.1M | ||
| Q3 25 | $560.3M | $234.4M | ||
| Q2 25 | $522.8M | $238.8M | ||
| Q1 25 | $486.1M | $250.7M | ||
| Q4 24 | $524.2M | $289.4M | ||
| Q3 24 | $530.4M | $305.1M | ||
| Q2 24 | $512.7M | $329.4M | ||
| Q1 24 | — | $333.1M |
| Q4 25 | $1.6B | $320.9M | ||
| Q3 25 | $1.7B | $335.8M | ||
| Q2 25 | $1.7B | $354.0M | ||
| Q1 25 | $1.7B | $366.1M | ||
| Q4 24 | $1.5B | $420.2M | ||
| Q3 24 | $1.6B | $448.6M | ||
| Q2 24 | $1.6B | $475.3M | ||
| Q1 24 | — | $485.5M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $7.7M | ||
| Q3 25 | $-88.8M | $-2.1M | ||
| Q2 25 | $-8.1M | $-14.9M | ||
| Q1 25 | $95.8M | $-12.2M | ||
| Q4 24 | $28.9M | $-12.0M | ||
| Q3 24 | $-69.0M | $-3.7M | ||
| Q2 24 | $-34.3M | $-13.9M | ||
| Q1 24 | — | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-82.3M | $-16.2M | ||
| Q1 25 | $76.3M | $-14.3M | ||
| Q4 24 | $16.8M | $-13.3M | ||
| Q3 24 | $-85.5M | $-3.9M | ||
| Q2 24 | $-64.1M | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | -26.3% | -42.3% | ||
| Q1 25 | 161.5% | -34.7% | ||
| Q4 24 | 32.3% | -37.5% | ||
| Q3 24 | -29.4% | -9.7% | ||
| Q2 24 | -22.7% | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 23.7% | 3.3% | ||
| Q1 25 | 41.3% | 5.3% | ||
| Q4 24 | 23.2% | 3.5% | ||
| Q3 24 | 5.7% | 0.6% | ||
| Q2 24 | 10.5% | 0.5% | ||
| Q1 24 | — | 0.1% |
| 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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
