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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $61.3M, roughly 1.6× Atlanta Braves Holdings, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -67.6%, a 60.6% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 14.5%). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% 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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
BATRA vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.3M | $100.0M |
| Net Profit | $-41.4M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | -81.2% | -10.7% |
| Net Margin | -67.6% | -7.0% |
| Revenue YoY | 17.6% | 14.5% |
| Net Profit YoY | -116.7% | 76.0% |
| EPS (diluted) | $-0.64 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $311.5M | $161.9M | ||
| Q2 25 | $312.4M | $172.6M | ||
| Q1 25 | $47.2M | $111.4M | ||
| Q4 24 | $52.1M | $87.3M | ||
| Q3 24 | $290.7M | $150.5M | ||
| Q2 24 | $282.9M | $160.1M | ||
| Q1 24 | — | $110.6M |
| Q4 25 | $-41.4M | $-7.0M | ||
| Q3 25 | $30.0M | $8.1M | ||
| Q2 25 | $29.5M | $16.0M | ||
| Q1 25 | $-41.4M | $-6.0M | ||
| Q4 24 | $-19.1M | $-29.2M | ||
| Q3 24 | $10.0M | $5.9M | ||
| Q2 24 | $29.1M | $13.3M | ||
| Q1 24 | — | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | -81.2% | -10.7% | ||
| Q3 25 | 12.5% | 13.3% | ||
| Q2 25 | 13.4% | 14.3% | ||
| Q1 25 | -94.2% | -4.4% | ||
| Q4 24 | -35.8% | -14.9% | ||
| Q3 24 | 2.2% | 8.9% | ||
| Q2 24 | 8.8% | 12.5% | ||
| Q1 24 | — | -1.9% |
| Q4 25 | -67.6% | -7.0% | ||
| Q3 25 | 9.6% | 5.0% | ||
| Q2 25 | 9.4% | 9.3% | ||
| Q1 25 | -87.7% | -5.4% | ||
| Q4 24 | -36.7% | -33.4% | ||
| Q3 24 | 3.4% | 3.9% | ||
| Q2 24 | 10.3% | 8.3% | ||
| Q1 24 | — | -7.1% |
| Q4 25 | $-0.64 | $-0.06 | ||
| Q3 25 | $0.47 | $0.07 | ||
| Q2 25 | $0.46 | $0.13 | ||
| Q1 25 | $-0.66 | $-0.05 | ||
| Q4 24 | $-0.29 | $-0.24 | ||
| Q3 24 | $0.16 | $0.05 | ||
| Q2 24 | $0.46 | $0.11 | ||
| Q1 24 | — | $-0.07 |
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 | — |
| Total DebtLower is stronger | $738.6M | $279.8M |
| Stockholders' EquityBook value | $526.0M | $405.9M |
| Total Assets | $1.6B | $823.2M |
| Debt / EquityLower = less leverage | 1.40× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $99.9M | — | ||
| Q3 25 | $82.2M | — | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $244.7M | — | ||
| Q4 24 | $110.1M | — | ||
| Q3 24 | $100.9M | — | ||
| Q2 24 | $121.2M | — | ||
| Q1 24 | — | — |
| Q4 25 | $738.6M | $279.8M | ||
| Q3 25 | $759.9M | $281.1M | ||
| Q2 25 | $703.1M | $281.5M | ||
| Q1 25 | $699.5M | $306.9M | ||
| Q4 24 | $617.1M | $281.5M | ||
| Q3 24 | $640.1M | $282.8M | ||
| Q2 24 | $600.0M | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $526.0M | $405.9M | ||
| Q3 25 | $560.3M | $408.4M | ||
| Q2 25 | $522.8M | $398.4M | ||
| Q1 25 | $486.1M | $381.1M | ||
| Q4 24 | $524.2M | $387.2M | ||
| Q3 24 | $530.4M | $416.6M | ||
| Q2 24 | $512.7M | $408.1M | ||
| Q1 24 | — | $391.8M |
| Q4 25 | $1.6B | $823.2M | ||
| Q3 25 | $1.7B | $844.4M | ||
| Q2 25 | $1.7B | $822.1M | ||
| Q1 25 | $1.7B | $824.6M | ||
| Q4 24 | $1.5B | $794.2M | ||
| Q3 24 | $1.6B | $853.4M | ||
| Q2 24 | $1.6B | $830.0M | ||
| Q1 24 | — | $808.6M |
| Q4 25 | 1.40× | 0.69× | ||
| Q3 25 | 1.36× | 0.69× | ||
| Q2 25 | 1.34× | 0.71× | ||
| Q1 25 | 1.44× | 0.81× | ||
| Q4 24 | 1.18× | 0.73× | ||
| Q3 24 | 1.21× | 0.68× | ||
| Q2 24 | 1.17× | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | 0.0% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $23.3M | ||
| Q3 25 | $-88.8M | $51.0M | ||
| Q2 25 | $-8.1M | $36.0M | ||
| Q1 25 | $95.8M | $-46.9M | ||
| Q4 24 | $28.9M | $6.2M | ||
| Q3 24 | $-69.0M | $37.2M | ||
| Q2 24 | $-34.3M | $52.4M | ||
| Q1 24 | — | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | $-82.3M | $29.1M | ||
| Q1 25 | $76.3M | $-50.3M | ||
| Q4 24 | $16.8M | $-98.0K | ||
| Q3 24 | $-85.5M | $33.2M | ||
| Q2 24 | $-64.1M | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | -26.3% | 16.8% | ||
| Q1 25 | 161.5% | -45.2% | ||
| Q4 24 | 32.3% | -0.1% | ||
| Q3 24 | -29.4% | 22.1% | ||
| Q2 24 | -22.7% | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | 0.0% | 9.2% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 23.7% | 4.0% | ||
| Q1 25 | 41.3% | 3.1% | ||
| Q4 24 | 23.2% | 7.2% | ||
| Q3 24 | 5.7% | 2.7% | ||
| Q2 24 | 10.5% | 2.8% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | 6.29× | ||
| Q2 25 | -0.28× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.89× | 6.32× | ||
| Q2 24 | -1.18× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
