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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $72.0M, roughly 1.0× Atlanta Braves Holdings, Inc.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -56.1%, a 35.8% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (52.5% vs 22.0%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -49.5%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
BATRA vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $72.0M | $73.5M |
| Net Profit | $-40.4M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | -56.1% | -20.3% |
| Revenue YoY | 52.5% | 22.0% |
| Net Profit YoY | 2.3% | -219.1% |
| EPS (diluted) | $-0.63 | $-0.14 |
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 | $72.0M | — | ||
| Q4 25 | $61.3M | $73.5M | ||
| Q3 25 | $311.5M | $91.6M | ||
| Q2 25 | $312.4M | $54.9M | ||
| Q1 25 | $47.2M | $54.9M | ||
| Q4 24 | $52.1M | $60.2M | ||
| Q3 24 | $290.7M | $65.8M | ||
| Q2 24 | $282.9M | $67.5M |
| Q1 26 | $-40.4M | — | ||
| Q4 25 | $-41.4M | $-14.9M | ||
| Q3 25 | $30.0M | $-795.0K | ||
| Q2 25 | $29.5M | $-14.9M | ||
| Q1 25 | $-41.4M | $-6.5M | ||
| Q4 24 | $-19.1M | $12.5M | ||
| Q3 24 | $10.0M | $20.0M | ||
| Q2 24 | $29.1M | $18.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% |
| Q1 26 | — | — | ||
| Q4 25 | -81.2% | -22.9% | ||
| Q3 25 | 12.5% | 0.1% | ||
| Q2 25 | 13.4% | -30.8% | ||
| Q1 25 | -94.2% | -2.0% | ||
| Q4 24 | -35.8% | 34.5% | ||
| Q3 24 | 2.2% | 42.5% | ||
| Q2 24 | 8.8% | 43.8% |
| Q1 26 | -56.1% | — | ||
| Q4 25 | -67.6% | -20.3% | ||
| Q3 25 | 9.6% | -0.9% | ||
| Q2 25 | 9.4% | -27.2% | ||
| Q1 25 | -87.7% | -11.8% | ||
| Q4 24 | -36.7% | 20.8% | ||
| Q3 24 | 3.4% | 30.4% | ||
| Q2 24 | 10.3% | 27.2% |
| Q1 26 | $-0.63 | — | ||
| Q4 25 | $-0.64 | $-0.14 | ||
| Q3 25 | $0.47 | $-0.01 | ||
| Q2 25 | $0.46 | $-0.15 | ||
| Q1 25 | $-0.66 | $-0.07 | ||
| Q4 24 | $-0.29 | $0.12 | ||
| Q3 24 | $0.16 | $0.20 | ||
| Q2 24 | $0.46 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $135.2M | $8.3M |
| Total DebtLower is stronger | $709.2M | $1.7M |
| Stockholders' EquityBook value | $519.0M | $389.3M |
| Total Assets | $1.7B | $530.2M |
| Debt / EquityLower = less leverage | 1.37× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $135.2M | — | ||
| Q4 25 | $99.9M | $8.3M | ||
| Q3 25 | $82.2M | $30.4M | ||
| Q2 25 | $96.2M | $19.2M | ||
| Q1 25 | $244.7M | $34.5M | ||
| Q4 24 | $110.1M | $190.7M | ||
| Q3 24 | $100.9M | $177.7M | ||
| Q2 24 | $121.2M | $154.3M |
| Q1 26 | $709.2M | — | ||
| Q4 25 | $738.6M | $1.7M | ||
| Q3 25 | $759.9M | $2.0M | ||
| Q2 25 | $703.1M | $26.3M | ||
| Q1 25 | $699.5M | $42.9M | ||
| Q4 24 | $617.1M | $1.5M | ||
| Q3 24 | $640.1M | $994.0K | ||
| Q2 24 | $600.0M | $1.1M |
| Q1 26 | $519.0M | — | ||
| Q4 25 | $526.0M | $389.3M | ||
| Q3 25 | $560.3M | $402.4M | ||
| Q2 25 | $522.8M | $401.3M | ||
| Q1 25 | $486.1M | $415.3M | ||
| Q4 24 | $524.2M | $421.1M | ||
| Q3 24 | $530.4M | $417.6M | ||
| Q2 24 | $512.7M | $397.2M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $530.2M | ||
| Q3 25 | $1.7B | $541.2M | ||
| Q2 25 | $1.7B | $533.7M | ||
| Q1 25 | $1.7B | $562.5M | ||
| Q4 24 | $1.5B | $725.8M | ||
| Q3 24 | $1.6B | $709.8M | ||
| Q2 24 | $1.6B | $697.0M |
| Q1 26 | 1.37× | — | ||
| Q4 25 | 1.40× | 0.00× | ||
| Q3 25 | 1.36× | 0.01× | ||
| Q2 25 | 1.34× | 0.07× | ||
| Q1 25 | 1.44× | 0.10× | ||
| Q4 24 | 1.18× | 0.00× | ||
| Q3 24 | 1.21× | 0.00× | ||
| Q2 24 | 1.17× | 0.00× |
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 | — | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.4M | $5.7M | ||
| Q3 25 | $-88.8M | $53.4M | ||
| Q2 25 | $-8.1M | $11.1M | ||
| Q1 25 | $95.8M | $3.9M | ||
| Q4 24 | $28.9M | $30.6M | ||
| Q3 24 | $-69.0M | $31.4M | ||
| Q2 24 | $-34.3M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.3M | — | ||
| Q1 25 | $76.3M | $-11.6M | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $-85.5M | — | ||
| Q2 24 | $-64.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -26.3% | — | ||
| Q1 25 | 161.5% | -21.1% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | -29.4% | — | ||
| Q2 24 | -22.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | 41.3% | 28.2% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 10.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -2.96× | — | ||
| Q2 25 | -0.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | -6.89× | 1.57× | ||
| Q2 24 | -1.18× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BATRA
| Baseball revenue | $45.7M | 64% |
| Baseball event | $23.7M | 33% |
| Broadcasting | $2.5M | 3% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
