BATRA Communication Services

Atlanta Braves Holdings, Inc.

$56.41+2.03%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Communication Services
Industry: Entertainment
Country: United States
Market cap: 3.6B USD
Enterprise value: 4.2B USD
Full-time employees: 1,610

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.49 vs a peer median of 1.38) and more debt relative to equity (1.54× vs a peer median of 0.37×)higher risk: less liquidity (current ratio 0.49 vs peers 1.38) and more debt vs equity (1.54× vs peers 0.37×)
About average: growth

Ranks #427 of 454 communication services companies (bottom 7%)

See how it ranks against its peers

Worth knowing

Investment surge. Capital spending 13% of revenue, up from 3.0% in 2022.
Atlanta Braves is spending 13% of revenue on facilities and equipment, up from 3.0% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Atlanta Braves reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

22/ 100

Oct 5 22 → Nov 4 22

Valuation

Is the price right?

11/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-1.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0294 · MAD: 0.0294

EBITDA yield0.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.28Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield-4.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.25Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield14.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

46/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ 3-yr revenue
▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.22Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth6.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.53Sector median: 0.0303 · MAD: 0.0683

Revenue growth6.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.52Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

13/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 8.1 points to -9.4%

Why it changed since the Oct 27, 2026 close: Score 12 → 13

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-9.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.23Sector median: 0.0818 · MAD: 0.0789

Return on assets-3.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.01Sector median: 0.0272 · MAD: 0.0318

Return on invested capital-4.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.51Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin24.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity-12.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.83

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.63Sector median: 0.6525 · MAD: 0.2880

Current ratio0.49×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.29Sector median: 1.3848 · MAD: 0.6948

Debt / equity1.54×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.52Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Atlanta Braves

Is Atlanta Braves getting weaker?: Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 8.1 points to -9.4%. Its overall score is unchanged at 22/100 since Oct 28, 2026.
How is Atlanta Braves valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 512 communication services peers. Earnings yield -1.8% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -1.8% vs peers 2.9% (weaker than 100% of peers).
Is Atlanta Braves growing?: At about the same pace as its peers. Growth scores 46/100 against 512 communication services peers. 3-year revenue growth 6.7% vs a peer median of 3.0% (stronger than 65% of peers).3-year revenue growth 6.7% vs peers 3.0% (stronger than 65% of peers).
How profitable is Atlanta Braves?: Less profitable than most of its peers. Profitability scores 13/100 against 512 communication services peers. Operating margin -9.4% vs a peer median of 8.2% (weaker than 89% of peers).Operating margin -9.4% vs peers 8.2% (weaker than 89% of peers).
How risky is Atlanta Braves?: Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Current ratio 0.49× vs a peer median of 1.38× (weaker than 93% of peers).Current ratio 0.49× vs peers 1.38× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 8.1 points to -9.4%

Worth watching: Atlanta Braves is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	757.3M USD	750.0M USD	−1.0%
Net income (12 months)	−22.5M USD	−64.2M USD	+185.8%
Operating margin	-1.4%	-9.4%	−8.1 pts
Debt	709.2M USD	793.1M USD	+11.8%
Cash	135.2M USD	116.3M USD	−14.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Entertainment companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-5.2%	-7.2%	-6.0%	-1.8%	▲ 4.1 pts
Net margin	-5.8%	-19.6%	-4.7%	-3.2%	▲ 1.5 pts
Return on assets (ROA)	-2.3%	-8.3%	-2.1%	-1.4%	▲ 0.6 pts
Return on equity (ROE)	-11.4%	-23.7%	-6.0%	-4.4%	▲ 1.5 pts
Free cash flow margin	6.1%	-10.5%	-10.5%	-9.3%	▲ 1.1 pts
Current ratio	1.11×	0.93×	0.62×	0.42×	▼ 33%
Debt to equity	1.81×	1.08×	1.18×	1.40×	▲ 19%
Interest coverage	-1.03×	-1.23×	-1.02×	-0.29×	▲ 72%

BATRA price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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JYP Entertainment Corporation035900.KQ87/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.49 vs a peer median of 1.38) and more debt relative to equity (1.54× vs a peer median of 0.37×)higher risk: less liquidity (current ratio 0.49 vs peers 1.38) and more debt vs equity (1.54× vs peers 0.37×)

About average: growth

Ranks #427 of 454 communication services companies (bottom 7%)

See how it ranks against its peers

Worth knowing

Investment surge. Capital spending 13% of revenue, up from 3.0% in 2022.

Atlanta Braves is spending 13% of revenue on facilities and equipment, up from 3.0% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Atlanta Braves reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about Atlanta Braves

Is Atlanta Braves getting weaker?

Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 8.1 points to -9.4%. Its overall score is unchanged at 22/100 since Oct 28, 2026.

How is Atlanta Braves valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 11/100 against 512 communication services peers. Earnings yield -1.8% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -1.8% vs peers 2.9% (weaker than 100% of peers).

Is Atlanta Braves growing?

At about the same pace as its peers. Growth scores 46/100 against 512 communication services peers. 3-year revenue growth 6.7% vs a peer median of 3.0% (stronger than 65% of peers).3-year revenue growth 6.7% vs peers 3.0% (stronger than 65% of peers).

How profitable is Atlanta Braves?

Less profitable than most of its peers. Profitability scores 13/100 against 512 communication services peers. Operating margin -9.4% vs a peer median of 8.2% (weaker than 89% of peers).Operating margin -9.4% vs peers 8.2% (weaker than 89% of peers).

How risky is Atlanta Braves?

Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Current ratio 0.49× vs a peer median of 1.38× (weaker than 93% of peers).Current ratio 0.49× vs peers 1.38× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

757.3M USD

750.0M USD

−1.0%

Net income (12 months)

−22.5M USD

−64.2M USD

+185.8%

Operating margin

-1.4%

-9.4%

−8.1 pts

Debt

709.2M USD

793.1M USD

+11.8%

Cash

135.2M USD

116.3M USD

−14.0%

Key ratios

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-5.2%

-7.2%

-6.0%

-1.8%

▲ 4.1 pts

Net margin

-5.8%

-19.6%

-4.7%

-3.2%

▲ 1.5 pts

Return on assets (ROA)

-2.3%

-8.3%

-2.1%

-1.4%

▲ 0.6 pts

Return on equity (ROE)

-11.4%

-23.7%

-6.0%

-4.4%

▲ 1.5 pts

Free cash flow margin

6.1%

-10.5%

-9.3%

▲ 1.1 pts

Current ratio

1.11×

0.93×

0.62×

0.42×

▼ 33%

Debt to equity

1.81×

1.08×

1.18×

1.40×

▲ 19%

Interest coverage

-1.03×

-1.23×

-1.02×

-0.29×

▲ 72%