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

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $61.3M, roughly 1.8× Atlanta Braves Holdings, Inc.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -67.6%, a 66.9% gap on every dollar of revenue. On growth, Atlanta Braves Holdings, Inc. posted the faster year-over-year revenue change (17.6% vs 0.6%). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% 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.

BATRA vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.8× larger
ZIP
$111.7M
$61.3M
BATRA
Growing faster (revenue YoY)
BATRA
BATRA
+17.0% gap
BATRA
17.6%
0.6%
ZIP
Higher net margin
ZIP
ZIP
66.9% more per $
ZIP
-0.7%
-67.6%
BATRA
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-52.5%
BATRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BATRA
BATRA
ZIP
ZIP
Revenue
$61.3M
$111.7M
Net Profit
$-41.4M
$-835.0K
Gross Margin
89.1%
Operating Margin
-81.2%
3.6%
Net Margin
-67.6%
-0.7%
Revenue YoY
17.6%
0.6%
Net Profit YoY
-116.7%
92.3%
EPS (diluted)
$-0.64
$-0.03

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
ZIP
ZIP
Q4 25
$61.3M
$111.7M
Q3 25
$311.5M
$115.0M
Q2 25
$312.4M
$112.2M
Q1 25
$47.2M
$110.1M
Q4 24
$52.1M
$111.0M
Q3 24
$290.7M
$117.1M
Q2 24
$282.9M
$123.7M
Q1 24
$122.2M
Net Profit
BATRA
BATRA
ZIP
ZIP
Q4 25
$-41.4M
$-835.0K
Q3 25
$30.0M
$-9.8M
Q2 25
$29.5M
$-9.5M
Q1 25
$-41.4M
$-12.8M
Q4 24
$-19.1M
$-10.8M
Q3 24
$10.0M
$-2.6M
Q2 24
$29.1M
$7.0M
Q1 24
$-6.5M
Gross Margin
BATRA
BATRA
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
BATRA
BATRA
ZIP
ZIP
Q4 25
-81.2%
3.6%
Q3 25
12.5%
-4.4%
Q2 25
13.4%
-5.9%
Q1 25
-94.2%
-10.6%
Q4 24
-35.8%
-3.6%
Q3 24
2.2%
-2.8%
Q2 24
8.8%
7.6%
Q1 24
-0.7%
Net Margin
BATRA
BATRA
ZIP
ZIP
Q4 25
-67.6%
-0.7%
Q3 25
9.6%
-8.5%
Q2 25
9.4%
-8.5%
Q1 25
-87.7%
-11.7%
Q4 24
-36.7%
-9.7%
Q3 24
3.4%
-2.2%
Q2 24
10.3%
5.7%
Q1 24
-5.3%
EPS (diluted)
BATRA
BATRA
ZIP
ZIP
Q4 25
$-0.64
$-0.03
Q3 25
$0.47
$-0.11
Q2 25
$0.46
$-0.10
Q1 25
$-0.66
$-0.13
Q4 24
$-0.29
$-0.10
Q3 24
$0.16
$-0.03
Q2 24
$0.46
$0.07
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
BATRA
BATRA
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$99.9M
$188.0M
Total DebtLower is stronger
$738.6M
Stockholders' EquityBook value
$526.0M
$-77.2M
Total Assets
$1.6B
$569.7M
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
ZIP
ZIP
Q4 25
$99.9M
$188.0M
Q3 25
$82.2M
$211.8M
Q2 25
$96.2M
$203.5M
Q1 25
$244.7M
$221.1M
Q4 24
$110.1M
$218.4M
Q3 24
$100.9M
$225.6M
Q2 24
$121.2M
$271.7M
Q1 24
$282.5M
Total Debt
BATRA
BATRA
ZIP
ZIP
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
Stockholders' Equity
BATRA
BATRA
ZIP
ZIP
Q4 25
$526.0M
$-77.2M
Q3 25
$560.3M
$-76.1M
Q2 25
$522.8M
$-65.9M
Q1 25
$486.1M
$-11.3M
Q4 24
$524.2M
$13.4M
Q3 24
$530.4M
$13.6M
Q2 24
$512.7M
$24.4M
Q1 24
$12.7M
Total Assets
BATRA
BATRA
ZIP
ZIP
Q4 25
$1.6B
$569.7M
Q3 25
$1.7B
$573.6M
Q2 25
$1.7B
$592.4M
Q1 25
$1.7B
$629.4M
Q4 24
$1.5B
$664.1M
Q3 24
$1.6B
$652.0M
Q2 24
$1.6B
$665.3M
Q1 24
$662.4M
Debt / Equity
BATRA
BATRA
ZIP
ZIP
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
BATRA
BATRA
ZIP
ZIP
Operating Cash FlowLast quarter
$26.4M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATRA
BATRA
ZIP
ZIP
Q4 25
$26.4M
$7.7M
Q3 25
$-88.8M
$2.6M
Q2 25
$-8.1M
$10.5M
Q1 25
$95.8M
$-9.9M
Q4 24
$28.9M
$12.5M
Q3 24
$-69.0M
$9.3M
Q2 24
$-34.3M
$21.9M
Q1 24
$2.0M
Free Cash Flow
BATRA
BATRA
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$-82.3M
$10.2M
Q1 25
$76.3M
$-10.2M
Q4 24
$16.8M
$12.0M
Q3 24
$-85.5M
$9.2M
Q2 24
$-64.1M
$21.7M
Q1 24
$1.9M
FCF Margin
BATRA
BATRA
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
-26.3%
9.1%
Q1 25
161.5%
-9.3%
Q4 24
32.3%
10.8%
Q3 24
-29.4%
7.8%
Q2 24
-22.7%
17.6%
Q1 24
1.6%
Capex Intensity
BATRA
BATRA
ZIP
ZIP
Q4 25
0.0%
0.1%
Q3 25
0.0%
0.3%
Q2 25
23.7%
0.3%
Q1 25
41.3%
0.3%
Q4 24
23.2%
0.4%
Q3 24
5.7%
0.2%
Q2 24
10.5%
0.1%
Q1 24
0.1%
Cash Conversion
BATRA
BATRA
ZIP
ZIP
Q4 25
Q3 25
-2.96×
Q2 25
-0.28×
Q1 25
Q4 24
Q3 24
-6.89×
Q2 24
-1.18×
3.12×
Q1 24

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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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