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Owns Major League Baseball's Atlanta Braves and The Battery Atlanta mixed-use development around the stadium.
Owns Major League Baseball's Atlanta Braves and The Battery Atlanta mixed-use development around the stadium.
Earns from ticket and sponsorship sales, a local broadcast deal and a share of league-wide national media income that Major League Baseball distributes to clubs; the Battery adds rent and event income around the ballpark. Split off from Liberty Media in 2023, it combines the team and the district built around the ballpark since 2017.
Moat: narrow (brand, scale, installed base). Scarce MLB franchise asset plus captive real estate development around its own stadium.
Headquarters: Atlanta, Georgia, United States · Founded: 1871 · Employees: 1,610
Size Atlanta Braves (BATRA) is a United States Communication Services company (Movies/Entertainment) with a market value of $3.23B, the 1492nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $55.43 on 6 Nov 2026.
Performance Over six months the shares gained 1.0%, against +15.7% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 5.5% over the last twelve months (peer median +2.5%); the operating margin is -9.3% (peer median 10.7%).
Valuation It trades at 5.3× enterprise value to sales against a peer median of 4.3× (8th most expensive of 21).
Capital Return on invested capital runs 11.7 points below its cost of capital (7.5% WACC).
Short interest Short interest is 4.1% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $763M | $732M | $663M | $641M | $589M |
| Revenue growth | — | +11% | +3% | +9% | — |
| Gross profit | $81.9M | $146M | $86.0M | $78.5M | $80.4M |
| EBITDA | $12.4M | $92.2M | $23.2M | $25.1M | $46.5M |
| Net income | -$84.4M | -$23.4M | -$31.3M | -$125M | -$34.2M |
| Free cash flow | -$66.4M | -$26.1M | -$69.4M | -$67.4M | $35.7M |
| Capital expenditure | $27.3M | $51.3M | $86.0M | $69.0M | $17.7M |
| Total debt | $911M | $841M | $726M | $676M | $649M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Atlanta Braves BATRA | $3.23B | +1% | +6% | -9% | 5.3× | n/a |
| Madison Square Garden Sports MSGS | n/a | +15% | n/a | n/a | n/a | n/a |
| Liberty Media FWONA | $27.3B | +18% | +12% | 12% | 7.3× | 29.0% |
| Manchester United MANU | $3.90B | +15% | +5% | -2% | 5.2× | 18.3% |
| Juventus Football Club JUVE.MI | $738M | -22% | -1% | -28% | 2.4× | n/a |
| Borussia Dortmund GmbH & Co. KGaA BVB.DE | $384M | +2% | -12% | -4% | 0.8× | -11.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BATRA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | +11.2% | 4th lowest of 21 |
| 6-month return | +1.0% | +15.7% | 7th lowest of 21 |
| Distance from 52-week high | -8.3% | -14.8% | 8th highest of 21 |
| Revenue growth (TTM) | +5.5% | +2.5% | 9th highest of 21 |
| Operating margin | -9.3% | 10.7% | 2nd lowest of 21 |
| EV / Sales | 5.3× | 4.3× | 8th most expensive of 21 |
| ROIC minus cost of capital | -11.7 pp | +1.4 pp | 4th lowest of 21 |
| Net debt / EBITDA | 61.6× | 2.8× | most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | 5.3× | n/a | n/a |
| Itv ITV.L | United Kingdom | $3.23B | -16% | +2% | 13% | 0.9× | -2.8% | +4.8% |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 2.3× | 6.7% | +15.4% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 4.1× | 5.0% | +66.9% |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | 1.9× | n/a | n/a |
| Zhejiang Huace Film & TV 300133.SZ | China | $2.79B | +15% | +44% | 8% | 6.4× | n/a | n/a |
| Toei 9605.T | Japan | $2.77B | +5% | +3% | 20% | 2.3× | -3.3% | +11.5% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 1.8× | -4.5% | +18.1% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 5.2× | 18.3% | +6.5% |
| China Star Entertainment 0326.HK | Hong Kong | $2.54B | -10% | -69% | -157% | 90.0× | n/a | n/a |
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 5.9× | 0.5% | +12.7% |
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 2.7× | 18.6% | -8.0% |
| Shanghai Film 601595.SS | China | $2.40B | +47% | -18% | -2% | 22.6× | 57.0% | +24.4% |
| MSG Rangers MSGR | United States | $2.37B | +1,624% | +2% | -9% | 8.1× | n/a | n/a |
| Beijing Jetsen Technology 300182.SZ | China | $2.36B | +6% | -23% | 9% | 7.7× | n/a | n/a |
| Prime Focus PFOCUS.NS | India | $2.36B | -7% | +29% | 16% | 4.5× | 26.0% | +12.6% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 4.4× | -7.1% | +10.4% |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 1.9× | 2.4% | +35.3% |
| ROUND ONE 4680.T | Japan | $2.22B | +42% | +21% | 15% | 2.5× | 4.3% | +25.5% |
| Songcheng Performance Development 300144.SZ | China | $2.17B | -29% | -15% | 37% | 6.0× | 5.6% | +20.1% |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 4.3× | 13.4% | +34.3% |