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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and SONIDA SENIOR LIVING, INC. (SNDA). Click either name above to swap in a different company.

SONIDA SENIOR LIVING, INC. is the larger business by last-quarter revenue ($97.7M vs $61.3M, roughly 1.6× Atlanta Braves Holdings, Inc.). SONIDA SENIOR LIVING, INC. runs the higher net margin — -30.5% vs -67.6%, a 37.1% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 6.2%). Over the past eight quarters, SONIDA SENIOR LIVING, INC.'s revenue compounded faster (20.3% 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.

Sonida Senior Living, Inc. is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company and its predecessors have provided senior housing since 1990. As of June 1, 2025, the company operated 96 senior housing communities in 20 states with an aggregate capacity of approximately 10,000+ residents, including 83 senior housing communities that the company owns and 13 communities that the company manages on behalf of third ...

BATRA vs SNDA — Head-to-Head

Bigger by revenue
SNDA
SNDA
1.6× larger
SNDA
$97.7M
$61.3M
BATRA
Growing faster (revenue YoY)
BATRA
BATRA
+11.4% gap
BATRA
17.6%
6.2%
SNDA
Higher net margin
SNDA
SNDA
37.1% more per $
SNDA
-30.5%
-67.6%
BATRA
Faster 2-yr revenue CAGR
SNDA
SNDA
Annualised
SNDA
20.3%
-52.5%
BATRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BATRA
BATRA
SNDA
SNDA
Revenue
$61.3M
$97.7M
Net Profit
$-41.4M
$-29.8M
Gross Margin
Operating Margin
-81.2%
-30.8%
Net Margin
-67.6%
-30.5%
Revenue YoY
17.6%
6.2%
Net Profit YoY
-116.7%
-441.0%
EPS (diluted)
$-0.64
$-1.73

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.

Revenue
BATRA
BATRA
SNDA
SNDA
Q4 25
$61.3M
$97.7M
Q3 25
$311.5M
$98.0M
Q2 25
$312.4M
$93.5M
Q1 25
$47.2M
$91.9M
Q4 24
$52.1M
$91.9M
Q3 24
$290.7M
$74.8M
Q2 24
$282.9M
$70.2M
Q1 24
$67.4M
Net Profit
BATRA
BATRA
SNDA
SNDA
Q4 25
$-41.4M
$-29.8M
Q3 25
$30.0M
$-26.9M
Q2 25
$29.5M
$-1.6M
Q1 25
$-41.4M
$-12.5M
Q4 24
$-19.1M
$-5.5M
Q3 24
$10.0M
$-13.8M
Q2 24
$29.1M
$-9.8M
Q1 24
$27.0M
Operating Margin
BATRA
BATRA
SNDA
SNDA
Q4 25
-81.2%
-30.8%
Q3 25
12.5%
-27.8%
Q2 25
13.4%
-2.0%
Q1 25
-94.2%
21.9%
Q4 24
-35.8%
-6.7%
Q3 24
2.2%
-19.0%
Q2 24
8.8%
-13.9%
Q1 24
22.1%
Net Margin
BATRA
BATRA
SNDA
SNDA
Q4 25
-67.6%
-30.5%
Q3 25
9.6%
-27.4%
Q2 25
9.4%
-1.7%
Q1 25
-87.7%
-13.6%
Q4 24
-36.7%
-6.0%
Q3 24
3.4%
-18.4%
Q2 24
10.3%
-14.0%
Q1 24
40.1%
EPS (diluted)
BATRA
BATRA
SNDA
SNDA
Q4 25
$-0.64
$-1.73
Q3 25
$0.47
$-1.56
Q2 25
$0.46
$-0.16
Q1 25
$-0.66
$-0.77
Q4 24
$-0.29
$-0.86
Q3 24
$0.16
$-0.98
Q2 24
$0.46
$-0.86
Q1 24
$2.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BATRA
BATRA
SNDA
SNDA
Cash + ST InvestmentsLiquidity on hand
$99.9M
$11.0M
Total DebtLower is stronger
$738.6M
$689.7M
Stockholders' EquityBook value
$526.0M
$-11.0K
Total Assets
$1.6B
$844.8M
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
SNDA
SNDA
Q4 25
$99.9M
$11.0M
Q3 25
$82.2M
$17.0M
Q2 25
$96.2M
$14.1M
Q1 25
$244.7M
$14.0M
Q4 24
$110.1M
$17.0M
Q3 24
$100.9M
$24.9M
Q2 24
$121.2M
$9.5M
Q1 24
$24.2M
Total Debt
BATRA
BATRA
SNDA
SNDA
Q4 25
$738.6M
$689.7M
Q3 25
$759.9M
$684.4M
Q2 25
$703.1M
$677.9M
Q1 25
$699.5M
$650.9M
Q4 24
$617.1M
$651.4M
Q3 24
$640.1M
$604.1M
Q2 24
$600.0M
$583.8M
Q1 24
$578.1M
Stockholders' Equity
BATRA
BATRA
SNDA
SNDA
Q4 25
$526.0M
$-11.0K
Q3 25
$560.3M
$29.8M
Q2 25
$522.8M
$56.7M
Q1 25
$486.1M
$58.8M
Q4 24
$524.2M
$71.8M
Q3 24
$530.4M
$77.5M
Q2 24
$512.7M
$-34.1M
Q1 24
$-41.4M
Total Assets
BATRA
BATRA
SNDA
SNDA
Q4 25
$1.6B
$844.8M
Q3 25
$1.7B
$854.8M
Q2 25
$1.7B
$849.8M
Q1 25
$1.7B
$824.5M
Q4 24
$1.5B
$841.9M
Q3 24
$1.6B
$796.2M
Q2 24
$1.6B
$652.2M
Q1 24
$636.3M
Debt / Equity
BATRA
BATRA
SNDA
SNDA
Q4 25
1.40×
Q3 25
1.36×
22.99×
Q2 25
1.34×
11.96×
Q1 25
1.44×
11.08×
Q4 24
1.18×
9.07×
Q3 24
1.21×
7.79×
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
BATRA
BATRA
SNDA
SNDA
Operating Cash FlowLast quarter
$26.4M
$-400.0K
Free Cash FlowOCF − Capex
$-9.3M
FCF MarginFCF / Revenue
-9.5%
Capex IntensityCapex / Revenue
0.0%
9.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATRA
BATRA
SNDA
SNDA
Q4 25
$26.4M
$-400.0K
Q3 25
$-88.8M
$12.0M
Q2 25
$-8.1M
$8.9M
Q1 25
$95.8M
$3.8M
Q4 24
$28.9M
$-3.1M
Q3 24
$-69.0M
$3.0M
Q2 24
$-34.3M
$2.5M
Q1 24
$-4.1M
Free Cash Flow
BATRA
BATRA
SNDA
SNDA
Q4 25
$-9.3M
Q3 25
$3.0M
Q2 25
$-82.3M
$1.9M
Q1 25
$76.3M
$-4.5M
Q4 24
$16.8M
$-10.4M
Q3 24
$-85.5M
$-5.1M
Q2 24
$-64.1M
$-1.7M
Q1 24
$-9.9M
FCF Margin
BATRA
BATRA
SNDA
SNDA
Q4 25
-9.5%
Q3 25
3.0%
Q2 25
-26.3%
2.1%
Q1 25
161.5%
-4.9%
Q4 24
32.3%
-11.3%
Q3 24
-29.4%
-6.8%
Q2 24
-22.7%
-2.4%
Q1 24
-14.6%
Capex Intensity
BATRA
BATRA
SNDA
SNDA
Q4 25
0.0%
9.1%
Q3 25
0.0%
9.2%
Q2 25
23.7%
7.5%
Q1 25
41.3%
9.1%
Q4 24
23.2%
7.9%
Q3 24
5.7%
10.8%
Q2 24
10.5%
5.9%
Q1 24
8.5%
Cash Conversion
BATRA
BATRA
SNDA
SNDA
Q4 25
Q3 25
-2.96×
Q2 25
-0.28×
Q1 25
Q4 24
Q3 24
-6.89×
Q2 24
-1.18×
Q1 24
-0.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BATRA
BATRA

Baseball$34.8M57%
Mixed Use Development Segment$26.5M43%

SNDA
SNDA

Health Care Resident Service$86.3M88%
Community Reimbursement Revenue$10.3M11%
Management Service$1.1M1%

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