Atlanta Braves Holdings, Inc. (BATRK)

Atlanta Braves Holdings, Inc., through its subsidiary, Braves Holdings, LLC, owns and operates the Atlanta Braves Major League Baseball Club in the United States. It operates through Baseball and Mixed-Use Development segments. The company also operates the Braves' ballpark located in Cobb County, a suburb of Atlanta. In addition, it is involved in the mixed-use development business, such as retail, office, hotel, and entertainment operations primarily within The Battery Atlanta. The company was incorporated in 2022 and is headquartered in Atlanta, Georgia.

Symbol
BATRK
Exchange
Nasdaq
Sector
Communication Services
Industry
Entertainment
Market cap
$3.42B
52 week range
37.76 - 54.46

Valuation

Share price
$53.32 (close of 2026-09-23)
P/E (TTM)
-53.32x
Price to book
6.49x
Price to free cash flow
-53.40x
Enterprise value
$4.19B
Book value per share
$8.21

Price performance

PeriodChange
1 day+2.11%
5 days+5.17%
1 month+2.68%
3 months+3.31%
6 months+27.04%
Year to date+35.16%
1 year+29.01%
3 years+43.95%
5 years+101.05%
10 years+209.46%
All time+202.27%

Profitability and growth

Return on equity
-4.34%
Return on invested capital
-1.00%
Return on assets
-1.45%
Return on capital employed
-1.09%
Gross margin
15.75%
Net margin
-3.19%
EBITDA margin
8.48%
Revenue growth
10.52%
Net income growth
25.27%
Free cash flow growth
1.31%

Cash flow and balance sheet

Free cash flow yield (TTM)
-1.87%
Current ratio
0.49x
Net debt to EBITDA
14.59x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$732.49M
Cost of revenue
$617.12M
Gross profit
$115.38M
EBITDA
$62.11M
Net income
$-23.37M
Earnings per share
$-0.37
Shares outstanding
62.75M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$732.49M$115.38M$-23.37M$-0.37
2024-12-31$662.75M$86.01M$-31.27M$-0.50
2023-12-31$640.67M$78.46M$-125.29M$-2.03
2022-12-31$588.56M$74.93M$-34.17M$-0.55

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3115.75%-3.19%-4.34%-1.00%
2024-12-3112.98%-4.72%-5.83%-3.05%
2023-12-3112.25%-19.56%-23.18%-3.91%
2022-12-3112.73%-5.81%-11.41%-3.83%

Cash and debt by year

Period endCashDebt
2025-12-31$99.88M$523.28M
2024-12-31$110.14M$512.93M
2023-12-31$125.15M$527.12M
2022-12-31$150.66M$467.16M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-68.47M$15.57M
2024-12-31$-69.38M$16.52M
2023-12-31$-67.41M$13.22M
2022-12-31$35.68M$12.23M

Investor relations

Next earnings report

Next confirmed report
2026-11-04
Consensus EPS estimate
$0.63

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$0.31
2026-05-11--
2026-02-25--
2025-11-05--
2025-08-07--
2025-05-12--
2025-02-26--
2024-11-06--

Filings and sources

Company website
bravesholdings.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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