BATRK
Atlanta Braves Holdings, Inc.
Communication Services · Entertainment
NASDAQ
$2.7B
Mkt Cap
$3.4B
Ent. Value
-$725.6M
Net Cash
$42.53
52W $35 – $47
—
P/E TTM
0.07
PEG
—
P/FCF
4.9×
P/Book
3.6×
P/Sales
34.8×
EV/EBITDA
—
EV/FCF
4.7×
EV/Sales
—
Div Yield
-3.2%
Net Margin
-16.4%
FCF Margin
1.1%
ROIC
$42.53
| USD | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 732.49M | 662.75M | 640.67M | 588.56M | 563.72M |
| YoY Growth | +10.5% | +3.4% | +8.9% | +4.4% | — |
| Gross Profit | 145.51M | 148.84M | 149.44M | 152.06M | 187.37M |
| Gross Margin | 19.9% | 22.5% | 23.3% | 25.8% | 33.2% |
| R&D | — | — | — | — | — |
| SG&A | 128.90M | — | — | — | — |
| EBIT | 22.33M | (37.69M) | (44.23M) | (24.51M) | 19.24M |
| EBIT Margin | 3.0% | -5.7% | -6.9% | -4.2% | 3.4% |
| D&A | 75.63M | 57.83M | 66.28M | 67.10M | 71.02M |
| EBITDA | 97.96M | 20.14M | 22.05M | 42.58M | 90.27M |
| EBITDA Margin | 13.4% | 3.0% | 3.4% | 7.2% | 16.0% |
| Net Income | (23.37M) | (31.27M) | (125.29M) | (34.17M) | (13.01M) |
| Net Margin | -3.2% | -4.7% | -19.6% | -5.8% | -2.3% |
| EPS (diluted) | $-0.37 | $-0.50 | $-2.02 | $-0.55 | $-0.21 |
| Shares (dil., M) | 64 | 61 | 62 | 62 | 62 |
Company Brief
Atlanta Braves Holdings, through its wholly-owned subsidiary Braves Holdings, LLC, indirectly owns the Atlanta Braves Major League Baseball club and the associated mixed-use development project, The Battery Atlanta.
Profitability (TTM)
| Gross Margin | 19.9% |
| EBITDA Margin | 13.4% |
| EBIT Margin | 3.0% |
| Net Margin | -3.2% |
| FCF Margin | -16.4% |
| ROE | -4.5% |
| ROIC | 1.1% |
| ROA | -1.4% |
| ROCE | 1.3% |
| Asset Turnover | 0.45× |
Capital Efficiency (TTM)
| ROIC | 1.1% |
| ROE | -4.5% |
| ROA | -1.4% |
| ROCE | 1.3% |
| Asset Turnover | 0.45× |
| FCF Margin | -16.4% |
| Net Margin | -3.2% |
Ownership
| Insider buys (12m) | 1 / 11K sh |
| Insider sells (12m) | 7 / 116K sh |
| Float | 88.6% |
| Shares Out. | 63.1M |
Analyst Price Targets
| Mean Target | $49.50 |
| Median Target | $49.50 |
| High Target | $54 |
| Low Target | $45 |
| vs. Mean | +16.4% |
| Buy / Hold / Sell | — |
Balance Sheet
| Cash & ST Invest. | $111.6M |
| Total Debt | $837.2M |
| Net Cash / (Debt) | -$725.6M |
| Total Assets | $1.6B |
| Total Equity | $526.0M |
| Goodwill & Intang. | $299.5M |
| Tangible Book/sh | $3.82 |
Liquidity & Leverage
| Current Ratio | 0.42× |
| Quick Ratio | 0.42× |
| D/E Ratio | 1.59× |
| Debt / Assets | 51.8% |
| Net Debt / EBITDA | 7.41× |
| Interest Coverage | 0.36× |
| Beta (5yr) | 0.76 |
Growth (CAGR)
| Revenue 1yr | +10.5% |
| Revenue 3yr | +7.6% |
| Revenue 5yr | +6.8% |
| EPS 1yr | — |
| EPS 3yr | — |
| EPS 5yr | — |
| FCF 5yr | +29.6% |
| Dividend 5yr | — |
Dividends
No dividend paid.
Capital Allocation (last FY)
| Capex | $145.0M |
| Capex / Revenue | 19.8% |
| SBC | $15.6M |
| Dividends Paid | $0 |
| Buybacks | $0 |
Profitability (TTM)
| Gross Margin | 19.9% |
| EBITDA Margin | 13.4% |
| EBIT Margin | 3.0% |
| Net Margin | -3.2% |
| FCF Margin | -16.4% |
| ROE | -4.5% |
| ROIC | 1.1% |
| ROA | -1.4% |
| ROCE | 1.3% |
| Asset Turnover | 0.45× |
Capital Efficiency (TTM)
| ROIC | 1.1% |
| ROE | -4.5% |
| ROA | -1.4% |
| ROCE | 1.3% |
| Asset Turnover | 0.45× |
| FCF Margin | -16.4% |
| Net Margin | -3.2% |
Ownership
| Insider buys (12m) | 1 / 11K sh |
| Insider sells (12m) | 7 / 116K sh |
| Float | 88.6% |
| Shares Out. | 63.1M |
Analyst Price Targets
| Mean Target | $49.50 |
| Median Target | $49.50 |
| High Target | $54 |
| Low Target | $45 |
| vs. Mean | +16.4% |
| Buy / Hold / Sell | — |
$42.53
| USD | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 732.49M | 662.75M | 640.67M | 588.56M | 563.72M |
| YoY Growth | +10.5% | +3.4% | +8.9% | +4.4% | — |
| Gross Profit | 145.51M | 148.84M | 149.44M | 152.06M | 187.37M |
| Gross Margin | 19.9% | 22.5% | 23.3% | 25.8% | 33.2% |
| R&D | — | — | — | — | — |
| SG&A | 128.90M | — | — | — | — |
| EBIT | 22.33M | (37.69M) | (44.23M) | (24.51M) | 19.24M |
| EBIT Margin | 3.0% | -5.7% | -6.9% | -4.2% | 3.4% |
| D&A | 75.63M | 57.83M | 66.28M | 67.10M | 71.02M |
| EBITDA | 97.96M | 20.14M | 22.05M | 42.58M | 90.27M |
| EBITDA Margin | 13.4% | 3.0% | 3.4% | 7.2% | 16.0% |
| Net Income | (23.37M) | (31.27M) | (125.29M) | (34.17M) | (13.01M) |
| Net Margin | -3.2% | -4.7% | -19.6% | -5.8% | -2.3% |
| EPS (diluted) | $-0.37 | $-0.50 | $-2.02 | $-0.55 | $-0.21 |
| Shares (dil., M) | 64 | 61 | 62 | 62 | 62 |
Company Brief
Atlanta Braves Holdings, through its wholly-owned subsidiary Braves Holdings, LLC, indirectly owns the Atlanta Braves Major League Baseball club and the associated mixed-use development project, The Battery Atlanta.
Balance Sheet
| Cash & ST Invest. | $111.6M |
| Total Debt | $837.2M |
| Net Cash / (Debt) | -$725.6M |
| Total Assets | $1.6B |
| Total Equity | $526.0M |
| Goodwill & Intang. | $299.5M |
| Tangible Book/sh | $3.82 |
Liquidity & Leverage
| Current Ratio | 0.42× |
| Quick Ratio | 0.42× |
| D/E Ratio | 1.59× |
| Debt / Assets | 51.8% |
| Net Debt / EBITDA | 7.41× |
| Interest Coverage | 0.36× |
| Beta (5yr) | 0.76 |
Growth (CAGR)
| Revenue 1yr | +10.5% |
| Revenue 3yr | +7.6% |
| Revenue 5yr | +6.8% |
| EPS 1yr | — |
| EPS 3yr | — |
| EPS 5yr | — |
| FCF 5yr | +29.6% |
| Dividend 5yr | — |
Dividends
No dividend paid.
Capital Allocation (last FY)
| Capex | $145.0M |
| Capex / Revenue | 19.8% |
| SBC | $15.6M |
| Dividends Paid | $0 |
| Buybacks | $0 |
Data: Financial Modeling Prep · Not investment adviceUpdated 3/31/2026