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Atlanta Braves (BATRB) Financials

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$59.01 0.00 (0.00%)
As of 05/11/2026
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Annual Income Statements for Atlanta Braves

Annual Income Statements for Atlanta Braves

This table shows Atlanta Braves' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 - -4,038 1,354 531 106 -1,421 398 1,815 761 -2,063 555
Consolidated Net Income / (Loss)		 - -3,550 1,890 865 347 -1,391 744 2,029 962 -2,475 555
Net Income / (Loss) Continuing Operations		 - -3,550 1,786 847 347 -1,391 744 909 73 -44 596
Total Pre-Tax Income 		- -3,550 827 1,041 513 -1,435 789 707 97 0.00 733
Total Operating Income		 - -3,578 1,394 1,511 1,470 177 1,977 145 266 287 577
Total Gross Profit		 - -3,988 4,273 4,459 5,471 4,810 5,943 1,411 3,572 3,653 4,482
Total Revenue		 - 0.00 7,594 8,040 10,292 9,363 11,400 3,161 3,572 3,653 4,482
Operating Revenue		 - - 7,594 8,040 10,292 9,363 11,400 3,161 3,572 3,653 4,482
Total Cost of Revenue		 - 3,988 3,321 3,581 4,821 4,553 5,457 1,750 0.00 0.00 0.00
Total Operating Expenses		 - -410 2,879 2,945 4,001 4,633 3,966 1,266 3,306 3,366 3,905
Selling, General & Admin Expense		 - 612 1,646 1,649 2,232 2,112 2,232 393 659 421 514
Depreciation Expense		 - - 824 905 1,061 1,083 1,072 433 406 352 393
Other Operating Expenses / (Income)		 - - 409 391 624 434 642 434 2,240 2,488 2,971
Impairment Charge		 - - - - 0.00 0.00 - 6.00 1.00 105 27
Total Other Income / (Expense), net		 - 28 -567 -470 -957 -1,612 -1,188 562 -169 -287 156
Interest Expense		 - - 591 606 657 634 642 186 234 208 249
Interest & Investment Income		 - 28 -88 40 -315 -402 -451 524 44 -139 288
Other Income / (Expense), net		 - - 8.00 78 15 -576 -95 205 21 60 117
Income Tax Expense		 - - -1,063 176 166 -44 45 -202 24 44 137
Net Income / (Loss) Discontinued Operations		 - - - - - - - 1,120 889 -2,431 -41
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 488 536 334 241 30 346 227 201 -412 0.00
Weighted Average Basic Shares Outstanding		 338M 586.70M - 605.44M 598.17M 622.12M 617.67M 613.48M 652.95M 341.10M 250.47M
Weighted Average Diluted Shares Outstanding		 338M 586.70M - 605.44M 598.17M 622.12M 617.67M 613.48M 652.95M 341.10M 250.47M
Weighted Average Basic & Diluted Shares Outstanding		 338M 586.70M - 605.44M 598.17M 622.12M 617.67M 613.48M 652.95M 341.10M 250.47M

Quarterly Income Statements for Atlanta Braves

This table shows Atlanta Braves' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -415 908 203 457 -7,200 4,477 5.00 204 -1,356 2,379 57
Consolidated Net Income / (Loss)		 -415 1,022 245 507 -7,200 3,973 5.00 204 -1,356 2,379 53
Net Income / (Loss) Continuing Operations		 456 -835 4.00 158 -1,196 971 17 204 -1,356 2,420 53
Total Pre-Tax Income 		-1,230 736 7.00 193 -1,196 972 -9.00 228 -1,356 2,533 58
Total Operating Income		 -1,230 622 93 57 -1,196 1,322 -67 273 -1,356 2,332 64
Total Gross Profit		 -1,230 -426 282 255 -1,190 1,818 122 474 -1,328 5,986 298
Total Revenue		 0.00 -2,228 587 988 0.00 2,078 447 1,341 0.00 3,141 711
Operating Revenue		 - - 587 988 - - 447 1,341 - - 711
Total Cost of Revenue		 1,230 -1,802 305 733 1,190 260 325 867 1,328 -2,845 413
Operating Cost of Revenue		 1,230 -1,802 305 733 1,190 260 325 867 1,328 - 413
Total Operating Expenses		 0.00 -1,048 180 187 6.00 516 189 198 28 3,657 234
Selling, General & Admin Expense		 - - 93 98 - - 101 118 - - 122
Depreciation Expense		 - - 86 89 - - 77 80 - - 112
Restructuring Charge		 - - - - 6.00 - 11 - 28 - 0.00
Total Other Income / (Expense), net		 0.00 114 -86 136 0.00 -350 58 -45 0.00 201 -6.00
Interest Expense		 - - 62 60 - - 48 57 - - 68
Interest & Investment Income		 - - -21 87 - - 75 -129 - - 57
Other Income / (Expense), net		 - - -3.00 109 - - 31 141 - - 5.00
Income Tax Expense		 - - 3.00 35 - - -26 24 - - 5.00
Net Income / (Loss) Discontinued Operations		 815 - 241 349 -6,004 3,002 -12 0.00 0.00 -41 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - 0.00 - - - -4.00
Weighted Average Basic Shares Outstanding		 652.83M 652.95M 653.45M 654.64M 340.44M 341.10M 341.29M 341.93M 341.96M 250.47M 250.61M
Weighted Average Diluted Shares Outstanding		 652.83M 652.95M 653.45M 654.64M 340.44M 341.10M 341.29M 341.93M 341.96M 250.47M 250.61M
Weighted Average Basic & Diluted Shares Outstanding		 652.83M 652.95M 653.45M 654.64M 340.44M 341.10M 341.29M 341.93M 341.96M 250.47M 250.61M

Annual Cash Flow Statements for Atlanta Braves

This table details how cash moves in and out of Atlanta Braves' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 - 361 471 -595 854 1,571 47 -648 -248 935 -1,908
Net Cash From Operating Activities		 - 2,171 1,732 2,156 2,313 1,730 2,437 578 651 567 908
Net Cash From Continuing Operating Activities		 - 2,171 1,732 2,155 2,313 1,730 2,437 578 651 567 908
Net Income / (Loss) Continuing Operations		 - 924 1,890 865 347 -1,391 744 909 73 -44 596
Consolidated Net Income / (Loss)		 - 924 1,890 865 347 -1,391 744 2,029 962 -2,475 555
Net Income / (Loss) Discontinued Operations		 - - - - - - - 1,120 889 -2,431 -41
Depreciation Expense		 - 354 824 905 1,061 1,083 1,072 433 406 352 393
Non-Cash Adjustments To Reconcile Net Income		 - 580 263 285 679 2,201 861 -720 -7.00 295 -246
Changes in Operating Assets and Liabilities, net		 - 302 -1,261 101 217 -180 -256 -44 179 -36 165
Net Cash From Investing Activities		 - -1,264 -3,137 -370 314 -736 -689 447 -545 -292 -3,202
Net Cash From Continuing Investing Activities		 - -1,264 -3,137 -370 314 -736 -689 447 -545 -292 -3,202
Purchase of Property, Plant & Equipment		 - -568 -517 -403 -510 -452 -440 -309 -461 -75 -119
Acquisitions		 - 0.00 -1,754 -2.00 313 -300 -14 0.00 0.00 -205 -3,267
Purchase of Investments		 - -1,042 -862 -414 -29 -113 -252 -57 -173 -8.00 -3,528
Sale of Property, Plant & Equipment		 - 62 21 399 442 13 383 101 110 10 26
Sale and/or Maturity of Investments		 - 273 0.00 64 23 105 40 37 0.00 0.00 3,700
Other Investing Activities, net		 - 11 -25 -14 75 11 -406 675 -21 -14 -14
Net Cash From Financing Activities		 - -546 1,876 -2,380 -1,773 574 -1,698 -1,437 -605 965 694
Net Cash From Continuing Financing Activities		 - -546 1,876 -2,380 -1,773 574 -1,698 -1,437 -605 965 694
Repayment of Debt		 - -1,746 -5,155 -4,028 -4,912 -3,021 -6,394 -4,728 -74 -619 -793
Issuance of Debt		 - 2,745 6,697 3,617 6,020 4,898 6,411 3,289 30 645 1,748
Issuance of Common Equity		 - 203 1,938 -130 -211 634 575 0.00 0.00 939 0.00
Other Financing Activities, net		 - -58 -135 - 0.00 - -154 618 -561 0.00 -261
Effect of Exchange Rate Changes		 - - - -1.00 - 3.00 -3.00 0.00 1.00 -10 16
Other Net Changes in Cash		 - - - - - - - -236 250 -295 -324

Quarterly Cash Flow Statements for Atlanta Braves

This table details how cash moves in and out of Atlanta Braves' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 129 -92 -337 418 952 -98 191 318 -1,860 -557 277
Net Cash From Operating Activities		 -618 54 131 263 182 -23 391 231 173 123 357
Net Cash From Continuing Operating Activities		 -618 54 131 263 182 -23 391 231 173 123 357
Net Income / (Loss) Continuing Operations		 -314 -65 4.00 158 132 -357 17 204 13 374 53
Consolidated Net Income / (Loss)		 443 164 245 507 -2,870 -357 5.00 204 13 333 53
Net Income / (Loss) Discontinued Operations		 - 229 241 349 -3,002 - -12 - - -41 0.00
Depreciation Expense		 -226 115 86 89 88 89 77 80 118 118 112
Non-Cash Adjustments To Reconcile Net Income		 -240 186 31 -111 -25 405 -71 33 78 -294 -44
Changes in Operating Assets and Liabilities, net		 162 -182 10 127 -13 -160 368 -87 -36 -75 236
Net Cash From Investing Activities		 286 -119 -296 96 28 -15 -180 61 -3,018 -64 -25
Net Cash From Continuing Investing Activities		 286 -119 -296 96 28 -15 -180 61 -3,018 -64 -25
Purchase of Property, Plant & Equipment		 201 -118 -27 -13 -12 -23 -33 -22 -3.00 -61 -20
Acquisitions		 - - -205 - - - -131 - -3,136 - 0.00
Purchase of Investments		 41 -3.00 -1.00 - -9.00 -1.00 -5.00 -11 -3,509 -2.00 -4.00
Other Investing Activities, net		 - 2.00 -63 2.00 49 -2.00 -11 -3.00 1.00 -1.00 -1.00
Net Cash From Financing Activities		 498 -9.00 -9.00 15 937 -49 -13 21 982 -296 -52
Net Cash From Continuing Financing Activities		 498 -9.00 -9.00 15 937 -49 -13 21 982 -296 -52
Repayment of Debt		 1,598 -2.00 -9.00 5.00 -636 -33 -13 21 -766 -35 -52
Other Financing Activities, net		 - -7.00 - - - - 0.00 - - - 0.00
Effect of Exchange Rate Changes		 -2.00 1.00 0.00 -8.00 9.00 -11 4.00 - 3.00 4.00 -3.00
Other Net Changes in Cash		 - -19 -163 52 -204 - -11 -4.00 - -324 0.00

Annual Balance Sheets for Atlanta Braves

This table presents Atlanta Braves' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 29,798 - 41,996 40,828 44,189 44,004 44,351 42,464 41,327 13,001 15,398
Total Current Assets		 691 - 1,743 1,082 2,405 4,030 4,812 3,851 3,377 3,348 1,373
Cash & Equivalents		 201 - 1,029 358 1,222 2,831 2,814 2,246 1,713 2,631 1,055
Accounts Receivable		 247 - 358 364 767 823 828 837 123 114 115
Other Current Assets		 243 - 356 360 416 376 1,170 768 180 277 203
Plant, Property, & Equipment, net		 1,879 - 2,541 2,469 2,262 2,239 2,010 2,255 838 810 868
Plant, Property & Equipment, gross		 2,587 - 3,596 3,765 3,780 4,017 4,027 4,481 973 1,007 1,087
Accumulated Depreciation		 708 - 1,055 1,296 1,518 1,778 2,017 2,226 135 197 219
Total Noncurrent Assets		 27,228 - 37,712 37,277 39,522 37,735 37,529 36,358 37,112 8,843 13,157
Goodwill		 14,345 - 18,383 18,386 19,939 19,218 19,248 19,341 3,956 4,134 7,025
Intangible Assets		 10,770 - 15,866 15,389 15,945 15,363 14,782 14,254 2,858 2,689 5,102
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - - 772 577 539
Other Noncurrent Operating Assets		 465 - 599 1,861 2,013 2,136 2,554 1,811 612 778 491
Total Liabilities & Shareholders' Equity		 29,798 - 41,996 40,828 44,189 44,004 44,351 42,464 41,327 13,001 15,398
Total Liabilities		 11,667 - 19,422 19,130 22,264 24,403 25,514 23,338 21,882 5,950 6,948
Total Current Liabilities		 2,813 - 3,979 3,244 3,888 4,490 6,610 5,410 4,743 1,134 939
Short-Term Debt		 255 - 768 17 60 743 2,891 1,679 106 26 52
Accounts Payable		 758 - 1,250 1,116 1,621 1,583 1,832 1,856 474 649 575
Current Deferred Revenue		 1,797 - 1,941 2,079 2,113 2,070 1,790 1,773 247 267 263
Other Current Liabilities		 3.00 - 20 32 94 94 97 102 40 192 49
Total Noncurrent Liabilities		 8,854 - 15,443 15,886 18,376 19,913 18,904 17,928 17,139 4,816 6,009
Long-Term Debt		 6,626 - 13,186 13,371 15,416 16,686 15,699 14,953 4,117 2,966 5,048
Noncurrent Deferred & Payable Income Tax Liabilities		 1,667 - 1,478 1,651 1,913 2,126 2,218 2,101 - 52 656
Other Noncurrent Operating Liabilities		 561 - 779 864 1,047 1,101 987 874 188 241 305
Commitments & Contingencies		 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - 0.00 575 0.00 - 0.00 693
Total Equity & Noncontrolling Interests		 18,131 - 22,574 21,698 21,925 19,601 18,262 19,126 19,445 7,051 7,757
Total Preferred & Common Equity		 10,933 - 16,943 16,595 16,295 15,091 14,672 15,963 16,396 7,029 0.00
Preferred Stock		 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 10,933 - 16,943 16,595 16,295 15,091 14,672 15,963 16,396 7,029 7,757
Common Stock		 3.00 - 3,897 2,989 2,580 2,693 1,959 1,413 1,323 3.00 2.00
Retained Earnings		 10,981 - 13,081 13,644 13,748 12,320 12,718 14,589 15,061 7,179 7,785
Accumulated Other Comprehensive Income / (Loss)		 -51 - -35 -38 -33 78 -5.00 -39 12 -153 -30

Quarterly Balance Sheets for Atlanta Braves

This table presents Atlanta Braves' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 43,235 42,333 42,442 41,515 42,405 42,632 13,208 13,285 13,821 17,821 15,892
Total Current Assets		 3,970 3,636 3,534 3,625 3,195 3,639 3,679 3,667 4,102 2,359 1,957
Cash & Equivalents		 2,542 2,229 1,931 2,112 1,666 2,085 3,054 3,147 3,448 1,588 1,332
Accounts Receivable		 826 701 822 808 789 826 122 144 144 303 262
Other Current Assets		 602 706 781 705 740 728 503 376 510 468 363
Plant, Property, & Equipment, net		 2,182 2,417 2,557 2,005 2,129 2,123 827 825 828 827 861
Plant, Property & Equipment, gross		 4,329 4,563 4,759 3,957 4,183 4,290 1,010 1,039 1,012 1,029 1,097
Accumulated Depreciation		 2,147 2,146 2,202 1,952 2,054 2,167 183 214 184 202 236
Total Noncurrent Assets		 37,083 36,280 36,351 35,885 37,081 36,870 8,702 8,793 8,891 14,635 13,074
Goodwill		 19,341 19,341 19,341 19,165 19,399 19,400 4,192 4,134 4,135 7,200 6,959
Intangible Assets		 14,372 14,137 14,025 13,783 13,731 13,670 2,757 2,632 2,570 5,267 4,955
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - 788 790 799 535
Other Noncurrent Operating Assets		 2,342 1,809 1,859 1,792 1,955 1,817 1,270 729 774 628 625
Total Liabilities & Shareholders' Equity		 43,235 42,333 42,442 41,515 42,405 42,632 13,208 13,285 13,821 17,821 15,892
Total Liabilities		 24,191 23,249 23,163 22,276 22,760 22,425 5,749 6,226 6,458 9,731 7,487
Total Current Liabilities		 4,164 4,592 4,793 4,676 4,866 4,472 1,273 1,446 3,103 3,526 1,453
Short-Term Debt		 499 706 787 827 1,185 685 76 30 1,803 1,915 53
Accounts Payable		 1,640 1,613 1,754 1,715 1,621 1,768 404 330 470 474 524
Current Deferred Revenue		 1,930 2,153 2,153 2,024 1,826 1,840 756 1,009 780 1,090 819
Other Current Liabilities		 95 120 99 110 234 179 37 77 50 47 57
Total Noncurrent Liabilities		 20,027 18,657 18,370 17,600 17,894 17,953 4,476 4,780 3,355 6,205 6,034
Long-Term Debt		 17,066 15,690 15,432 14,836 14,257 14,343 4,289 4,534 2,996 5,122 4,968
Noncurrent Deferred & Payable Income Tax Liabilities		 2,093 2,088 2,058 2,040 2,202 2,210 0.00 - - 660 644
Other Noncurrent Operating Liabilities		 868 879 880 724 1,435 1,400 187 246 359 423 422
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 578 0.00 0.00 - - - - - - 692 674
Total Equity & Noncontrolling Interests		 18,466 19,084 19,279 19,239 19,645 20,207 7,459 7,059 7,363 7,398 7,731
Total Preferred & Common Equity		 15,334 15,962 16,284 16,247 16,551 17,060 7,436 7,037 7,341 7,376 0.00
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 15,334 15,962 16,284 16,247 16,551 17,060 7,436 7,037 7,341 7,376 7,731
Common Stock		 1,372 1,400 1,474 1,304 1,341 1,393 3.00 3.00 3.00 3.00 2.00
Retained Earnings		 14,004 14,604 14,857 14,953 15,267 15,724 7,520 7,182 7,419 7,440 7,840
Accumulated Other Comprehensive Income / (Loss)		 -42 -42 -47 -10 -57 -57 -87 -148 -81 -67 -111

Annual Metrics And Ratios for Atlanta Braves

This table displays calculated financial ratios and metrics derived from Atlanta Braves' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 5.87% 28.01% -9.03% 21.76% -72.27% 13.00% 2.27% 22.69%
EBITDA Growth		 -100.00% 0.00% 169.78% 11.20% 2.49% -72.56% 323.68% -73.64% 10.34% 9.72% 55.51%
EBIT Growth		 -100.00% 0.00% 139.18% 13.34% -6.55% -126.87% 571.68% -81.40% 30.86% 30.13% 100.00%
NOPAT Growth		 -100.00% 0.00% 227.20% -60.59% -20.80% -87.54% 1,404.64% -90.00% -4.25% 8.24% 133.53%
Net Income Growth		 0.00% 0.00% 153.24% -54.23% -59.88% -500.86% 153.49% 172.72% -52.59% -357.28% 122.42%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 0.00% -20.22% 24.48% 7.28% -25.21% 40.87% -76.28% 9.69% -12.78% 60.14%
Free Cash Flow Firm Growth		 -67.52% 6,542.57% -242.55% 102.73% -158.82% 416.69% -7.99% -6.01% 1,781.02% -98.23% -760.44%
Invested Capital Growth		 -1.32% -100.00% 0.00% 1.39% 4.43% -3.97% 1.47% -3.29% -74.23% -2.84% 56.62%
Revenue Q/Q Growth		 0.00% 0.00% 339.86% 5.87% -24.88% 27.16% -23.29% -74.18% 3,261.06% 659.42% 31.09%
EBITDA Q/Q Growth		 -100.00% 0.00% 123.04% 50.45% -66.29% 169.62% -50.62% -76.11% 147.66% 2,160.87% 1,675.36%
EBIT Q/Q Growth		 -100.00% 0.00% 113.43% 107.44% -77.37% 52.04% -61.76% -84.25% 126.22% 240.57% 260.28%
NOPAT Q/Q Growth		 -100.00% 0.00% 143.61% 63.91% -84.84% 121.27% -62.12% -88.16% 114.60% 165.09% 254.79%
Net Income Q/Q Growth		 0.00% 0.00% 120.21% -19.31% -93.35% 38.83% -79.75% 64.42% 70.27% 54.39% -74.17%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -5.56% 5.02% 0.96% 8.19% 3.83% -76.92% 208.93% -12.22% 19.16%
Free Cash Flow Firm Q/Q Growth		 -77.58% 3,524.28% -86.27% 436.21% -110.88% 2,291.21% -72.87% -41.93% 14,130.57% -98.13% 15.92%
Invested Capital Q/Q Growth		 -0.75% -100.00% 4.36% 2.51% 0.18% -1.97% -0.07% -1.45% -73.49% -1.63% -2.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 56.27% 55.46% 53.16% 51.37% 52.13% 44.64% 37.29% 31.89% 100.00%
EBITDA Margin		 0.00% 0.00% 29.52% 31.01% 24.83% 7.49% 26.05% 24.77% 24.19% 25.95% 24.25%
Operating Margin		 0.00% 0.00% 18.36% 18.79% 14.28% 1.89% 17.34% 4.59% 7.14% 7.56% 12.87%
EBIT Margin		 0.00% 0.00% 18.46% 19.76% 14.43% -4.26% 16.51% 11.07% 12.82% 16.32% 15.48%
Profit (Net Income) Margin		 0.00% 0.00% 24.89% 10.76% 3.37% -14.86% 6.53% 64.19% 26.93% -67.75% 12.38%
Tax Burden Percent		 0.00% 100.00% 228.54% 83.09% 67.64% 96.93% 94.30% 286.99% -3,848.00% 10,312.50% 75.72%
Interest Burden Percent		 0.00% 99.22% 58.99% 65.51% 34.55% 359.65% 41.92% 202.00% -5.46% -4.03% 105.62%
Effective Tax Rate		 0.00% 0.00% -128.54% 16.91% 32.36% 0.00% 5.70% -28.57% 0.00% 0.00% 18.69%
Return on Invested Capital (ROIC)		 0.00% 0.00% 19.52% 3.82% 2.94% 0.37% 5.58% 0.56% 0.87% 2.34% 4.58%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -6.24% 0.18% -2.45% -11.19% -2.31% 13.60% 66.74% 55.95% 8.04%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -2.78% 0.09% -1.35% -7.07% -1.71% 10.13% 4.12% -21.02% 2.58%
Return on Equity (ROE)		 0.00% -39.16% 16.74% 3.91% 1.59% -6.70% 3.87% 10.69% 4.99% -18.68% 7.16%
Cash Return on Invested Capital (CROIC)		 1.33% 178.37% -180.48% 2.45% -1.40% 4.42% 4.12% 3.91% 118.92% 5.21% -39.54%
Operating Return on Assets (OROA)		 0.00% 0.00% 6.68% 3.84% 3.49% -0.90% 4.26% 0.81% 1.09% 2.20% 4.89%
Return on Assets (ROA)		 0.00% 0.00% 9.00% 2.09% 0.82% -3.15% 1.68% 4.67% 2.30% -9.12% 3.91%
Return on Common Equity (ROCE)		 0.00% -23.61% 12.57% 2.96% 1.20% -5.06% 3.00% 8.63% 4.18% -16.52% 6.83%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 11.16% 5.21% 2.13% -9.22% 5.07% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.00 -2,505 3,186 1,256 994 124 1,864 186 179 193 469
NOPAT Margin		 0.00% 0.00% 41.95% 15.62% 9.66% 1.32% 16.35% 5.90% 5.00% 5.29% 10.47%
Net Nonoperating Expense Percent (NNEP)		 0.00% 41.55% 25.76% 3.64% 5.39% 11.56% 7.89% -13.04% -65.87% -53.61% -3.45%
Return On Investment Capital (ROIC_SIMPLE)		 0.00% 0.00% 8.72% 3.58% 2.66% 0.33% 5.06% 0.52% 0.75% 1.67% 3.65%
Cost of Revenue to Revenue		 0.00% 0.00% 43.73% 44.54% 46.84% 48.63% 47.87% 55.36% 62.71% 68.11% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 21.68% 20.51% 21.69% 22.56% 19.58% 12.43% 11.09% 11.47% 11.47%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 37.91% 36.63% 38.87% 49.48% 34.79% 40.05% 30.15% 24.34% 87.13%
Earnings before Interest and Taxes (EBIT)		 0.00 -3,578 1,402 1,589 1,485 -399 1,882 350 458 596 694
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.00 -3,213 2,242 2,493 2,555 701 2,970 783 864 948 1,087
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.20 0.00 1.19 1.09 1.61 1.57 2.18 2.00 2.31 4.07 3.94
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.95 138.89 0.00
Price to Revenue (P/Rev)		 0.00 0.00 2.65 2.25 2.55 2.53 2.81 10.12 10.60 7.83 6.82
Price to Earnings (P/E)		 0.00 0.00 14.87 34.12 247.18 0.00 80.43 17.62 49.74 0.00 55.07
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 6.73% 2.93% 0.40% 0.00% 1.24% 5.68% 2.01% 0.00% 1.82%
Enterprise Value to Invested Capital (EV/IC)		 1.09 0.00 1.10 1.05 1.29 1.26 1.52 1.49 5.13 3.65 2.83
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 4.72 4.30 4.32 4.46 4.47 15.37 12.05 8.14 7.88
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 15.98 13.88 17.40 59.59 17.17 62.03 49.81 31.36 32.48
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 25.55 21.78 29.94 0.00 27.10 138.78 93.97 49.89 50.87
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 11.24 27.56 44.71 337.14 27.36 260.54 241.10 153.90 75.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 6.76 20.68 16.05 19.22 24.15 20.93 84.04 67.88 53.77 38.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 81.50 0.71 0.00 43.07 0.00 27.91 37.04 37.52 1.77 68.96 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.38 0.00 0.62 0.62 0.71 0.89 0.99 0.87 0.22 0.65 0.60
Long-Term Debt to Equity		 0.37 0.00 0.58 0.62 0.70 0.85 0.83 0.78 0.21 0.64 0.60
Financial Leverage		 0.22 0.28 0.45 0.48 0.55 0.63 0.74 0.74 0.06 -0.38 0.32
Leverage Ratio		 1.57 1.64 1.86 1.87 1.95 2.12 2.30 2.29 2.17 2.05 1.83
Compound Leverage Factor		 0.00 1.63 1.10 1.23 0.67 7.64 0.96 4.62 -0.12 -0.08 1.94
Debt to Total Capital		 27.51% 0.00% 38.20% 38.16% 41.38% 47.07% 49.67% 46.51% 17.84% 39.21% 37.64%
Short-Term Debt to Total Capital		 1.02% 0.00% 2.10% 0.05% 0.16% 2.01% 7.72% 4.70% 0.45% 0.22% 0.38%
Long-Term Debt to Total Capital		 26.49% 0.00% 36.10% 38.11% 41.22% 45.06% 41.95% 41.82% 17.39% 38.99% 37.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 28.78% 0.00% 15.42% 14.54% 15.05% 12.18% 11.13% 8.85% 12.88% 0.19% 5.11%
Common Equity to Total Capital		 43.71% 0.00% 46.38% 47.30% 43.57% 40.75% 39.20% 44.64% 69.28% 60.60% 57.25%
Debt to EBITDA		 0.00 0.00 6.22 5.37 6.06 24.86 6.26 21.24 4.89 4.80 4.69
Net Debt to EBITDA		 0.00 0.00 4.49 4.57 4.94 19.37 4.99 17.16 2.47 1.16 3.72
Long-Term Debt to EBITDA		 0.00 0.00 5.88 5.36 6.03 23.80 5.29 19.10 4.77 4.77 4.64
Debt to NOPAT		 0.00 0.00 4.38 10.66 15.56 140.67 9.97 89.21 23.66 23.54 10.87
Net Debt to NOPAT		 0.00 0.00 3.16 9.07 12.70 109.60 7.96 72.06 11.97 5.70 8.62
Long-Term Debt to NOPAT		 0.00 0.00 4.14 10.65 15.50 134.67 8.42 80.21 23.06 23.41 10.76
Altman Z-Score		 1.11 0.00 1.29 1.30 1.45 1.14 1.50 1.36 1.63 4.33 3.82
Noncontrolling Interest Sharing Ratio		 41.71% 39.70% 24.94% 24.25% 24.60% 24.42% 22.57% 19.30% 16.11% 11.59% 4.61%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.25 0.00 0.44 0.33 0.62 0.90 0.73 0.71 0.71 2.95 1.46
Quick Ratio		 0.16 0.00 0.35 0.22 0.51 0.81 0.55 0.57 0.39 2.71 1.25
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 311 20,658 -29,449 804 -473 1,497 1,377 1,294 24,349 431 -4,048
Operating Cash Flow to CapEx		 0.00% 429.05% 349.19% 53,900.00% 3,401.47% 394.08% 4,275.44% 277.88% 181.14% 0.00% 976.34%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -49.83 1.33 -0.72 2.36 2.15 6.96 98.18 1.82 -16.26
Operating Cash Flow to Interest Expense		 0.00 0.00 2.93 3.56 3.52 2.73 3.80 3.11 2.56 2.33 3.65
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 2.09 3.55 3.42 2.04 3.71 1.99 1.15 2.51 3.27
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.36 0.19 0.24 0.21 0.26 0.07 0.09 0.13 0.32
Accounts Receivable Turnover		 0.00 0.00 0.00 22.27 18.20 11.78 13.81 3.80 7.44 30.83 39.14
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 3.21 4.35 4.16 5.37 1.48 2.31 4.43 5.34
Accounts Payable Turnover		 0.00 0.00 0.00 3.03 3.52 2.84 3.20 0.95 1.92 4.43 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 16.39 20.06 30.99 26.43 96.13 49.05 11.84 9.32
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 120.58 103.61 128.43 114.21 384.61 189.83 82.30 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 -104.19 -83.55 -97.44 -87.78 -288.48 -140.78 -70.46 9.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 23,163 0.00 32,635 33,087 34,554 33,181 33,668 32,560 8,390 8,152 12,495
Invested Capital Turnover		 0.00 0.00 0.47 0.24 0.30 0.28 0.34 0.10 0.17 0.44 0.44
Increase / (Decrease) in Invested Capital		 -311 -23,163 32,635 452 1,467 -1,373 487 -1,108 -24,170 -238 4,517
Enterprise Value (EV)		 25,348 14,678 35,819 34,609 44,460 41,772 51,008 48,573 43,036 29,734 35,302
Market Capitalization		 13,118 14,678 20,127 18,117 26,201 23,682 32,012 31,976 37,851 28,611 30,564
Book Value per Share		 $32.71 $0.00 $27.54 $27.22 $27.23 $24.21 $23.90 $26.03 $25.12 $20.65 $22.68
Tangible Book Value per Share		 ($42.43) $0.00 ($28.13) ($28.18) ($32.73) ($31.27) ($31.54) ($28.76) $14.68 $0.61 ($12.78)
Total Capital		 25,012 0.00 36,528 35,086 37,401 37,030 37,427 35,758 23,668 11,599 13,550
Total Debt		 6,881 0.00 13,954 13,388 15,476 17,429 18,590 16,632 4,223 4,548 5,100
Total Long-Term Debt		 6,626 0.00 13,186 13,371 15,416 16,686 15,699 14,953 4,117 4,522 5,048
Net Debt		 5,032 0.00 10,061 11,389 12,629 13,580 14,831 13,434 2,136 1,101 4,045
Capital Expenditures (CapEx)		 0.00 506 496 4.00 68 439 57 208 350 -42 93
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2,068 0.00 -2,497 -2,503 -2,645 -2,548 -1,721 -2,126 -2,973 -716 -569
Debt-free Net Working Capital (DFNWC)		 -1,867 0.00 -1,468 -2,145 -1,423 283 1,093 120 -1,260 2,240 486
Net Working Capital (NWC)		 -2,122 0.00 -2,236 -2,162 -1,483 -460 -1,798 -1,559 -1,366 2,214 434
Net Nonoperating Expense (NNE)		 0.00 1,045 1,296 391 647 1,515 1,120 -1,843 -784 2,668 -86
Net Nonoperating Obligations (NNO)		 5,032 0.00 10,061 11,389 12,629 13,580 14,831 13,434 -11,055 1,101 4,045
Total Depreciation and Amortization (D&A)		 0.00 365 840 904 1,070 1,100 1,088 433 406 352 393
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -32.88% -31.13% -25.70% -27.21% -15.10% -67.26% -83.23% -19.60% -12.70%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% -19.33% -26.68% -13.83% 3.02% 9.59% 3.80% -35.27% 61.32% 10.84%
Net Working Capital to Revenue		 0.00% 0.00% -29.44% -26.89% -14.41% -4.91% -15.77% -49.32% -38.24% 60.61% 9.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.79 $3.94 $2.54 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 334.64M 586.70M 0.00 605.44M 598.17M 622.12M 617.67M 613.48M 652.95M 341.10M 250.47M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $1.46 ($1.33) ($6.90) $1.78 $3.66 $2.42 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 334.64M 586.70M 0.00 605.44M 598.17M 622.12M 617.67M 613.48M 652.95M 341.10M 250.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 334.64M 586.70M 0.00 605.44M 598.17M 622.12M 617.67M 613.48M 652.95M 341.10M 250.47M
Normalized Net Operating Profit after Tax (NOPAT)		 0.00 -3,220 976 1,256 1,051 827 1,883 106 179 267 491
Normalized NOPAT Margin		 0.00% 0.00% 12.85% 15.62% 10.21% 8.83% 16.52% 3.34% 5.02% 7.30% 10.96%
Pre Tax Income Margin		 0.00% 0.00% 10.89% 12.95% 4.98% -15.33% 6.92% 22.37% -0.70% -0.66% 16.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 2.37 2.62 2.26 -0.63 2.93 1.88 1.85 2.51 2.79
NOPAT to Interest Expense		 0.00 0.00 5.39 2.07 1.51 0.20 2.90 1.00 0.72 0.82 1.88
EBIT Less CapEx to Interest Expense		 0.00 0.00 1.53 2.62 2.16 -1.32 2.84 0.76 0.44 2.69 2.41
NOPAT Less CapEx to Interest Expense		 0.00 0.00 4.55 2.07 1.41 -0.50 2.82 -0.12 -0.69 0.99 1.51
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -0.45% 3.17% 6.82% 19.60% -4.60% 7.80% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -47.61% 77.72% 212.60% 769.45% -139.25% 287.10% 1.82% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Atlanta Braves

This table displays calculated financial ratios and metrics derived from Atlanta Braves' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 250,474,777.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 250,474,777.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -100.00% 62.32% -77.03% -69.54% 0.00% 193.27% -100.00% 35.73% 0.00% 51.16% 59.06%
EBITDA Growth		 -260.88% 141.47% -70.86% -72.28% 23.90% 91.45% -438.07% 93.73% -11.73% 72.29% 341.46%
EBIT Growth		 -293.09% 143.80% -73.84% -74.96% 2.76% 112.54% -846.67% 149.40% -13.38% 74.94% 291.67%
NOPAT Growth		 -321.13% 164.39% -69.34% -89.19% 2.76% 112.54% -985.16% 423.46% -13.38% 74.94% 224.70%
Net Income Growth		 -195.62% 63.52% 371.15% 67.33% -1,634.94% 288.75% -374.29% -59.76% 81.17% -40.12% 960.00%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -219.08% 104.65% -80.18% -51.02% 129.45% -142.59% 190.84% -12.17% -4.95% 1,466.67% -8.70%
Free Cash Flow Firm Growth		 -48.92% 17,359.15% -29.75% 10.53% 4,125.29% -93.71% 2,494.23% 1,665.72% -124.25% -225.21% -117.38%
Invested Capital Growth		 -4.22% -74.23% -2.58% -3.93% -73.81% -2.84% -74.65% -74.04% 54.43% 56.62% 51.82%
Revenue Q/Q Growth		 -100.00% 0.00% 126.35% 68.31% -100.00% 0.00% -100.00% 0.00% -100.00% 0.00% -77.36%
EBITDA Q/Q Growth		 -258.26% 150.62% -76.12% 44.89% -534.51% 227.35% -142.17% 183.03% -350.61% 297.90% -92.61%
EBIT Q/Q Growth		 -285.52% 150.57% -85.53% 84.44% -820.48% 210.54% -150.83% 161.61% -427.54% 271.98% -97.04%
NOPAT Q/Q Growth		 -299.40% 172.24% -91.46% -12.19% -1,894.13% 257.91% -135.58% 151.93% -488.60% 345.68% -97.49%
Net Income Q/Q Growth		 -236.96% 346.27% -76.03% 106.94% -1,520.12% 155.18% -116.91% 130.36% -764.71% 275.44% -97.77%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -215.08% 108.74% 142.59% 100.76% -30.80% -112.64% 1,756.52% -39.37% -25.11% -28.90% 190.24%
Free Cash Flow Firm Q/Q Growth		 -55.39% 4,551.41% -96.43% 49.04% 1,605.26% -93.07% 1,373.63% 1.44% -123.42% 59.98% -86.25%
Invested Capital Q/Q Growth		 -2.45% -73.49% 274.55% -0.82% -73.41% -1.63% -2.28% 1.58% 58.16% -2.37% -3.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 48.04% 25.81% 0.00% 87.49% 0.00% 35.35% 0.00% 190.58% 41.91%
EBITDA Margin		 0.00% 0.00% 29.98% 25.81% 0.00% 67.90% 0.00% 36.84% 0.00% 78.00% 25.46%
Operating Margin		 0.00% 0.00% 15.84% 5.77% 0.00% 63.62% 0.00% 20.36% 0.00% 74.24% 9.00%
EBIT Margin		 0.00% 0.00% 15.33% 16.80% 0.00% 63.62% 0.00% 30.87% 0.00% 74.24% 9.70%
Profit (Net Income) Margin		 0.00% 0.00% 41.74% 51.32% 0.00% 191.19% 0.00% 15.21% 0.00% 75.74% 7.45%
Tax Burden Percent		 33.74% 138.86% 3,500.00% 262.69% 602.01% 408.74% 100.00% 89.47% 100.00% 93.92% 91.38%
Interest Burden Percent		 100.00% 118.33% 7.78% 116.27% 100.00% 73.53% 100.00% 55.07% 100.00% 108.62% 84.06%
Effective Tax Rate		 0.00% 0.00% 42.86% 18.13% 0.00% 0.00% 0.00% 10.53% 0.00% 0.00% 8.62%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.46% 0.00% 0.00% 28.10% 0.00% 3.17% 0.00% 32.51% 3.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 1.99% 0.00% 0.00% -25.17% 0.00% 2.48% 0.00% 34.40% 3.65%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 1.28% 0.00% 0.00% 9.45% 0.00% 1.05% 0.00% 11.03% 1.09%
Return on Equity (ROE)		 2.95% 0.00% 1.74% 6.88% -40.65% 37.55% 0.00% 4.23% 0.00% 43.54% 4.98%
Cash Return on Invested Capital (CROIC)		 0.53% 118.92% 2.63% 3.00% 115.50% 5.21% 117.37% 116.58% -45.66% -39.54% -35.58%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.58% 0.00% 0.00% 8.56% 0.00% 3.74% 0.00% 23.43% 3.16%
Return on Assets (ROA)		 0.00% 0.00% 1.58% 0.00% 0.00% 25.74% 0.00% 1.84% 0.00% 23.91% 2.43%
Return on Common Equity (ROCE)		 2.44% 0.00% 1.46% 5.81% -36.06% 33.20% 0.00% 3.74% 0.00% 41.53% 4.75%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -861 622 53 47 -837 1,322 -470 244 -949 2,332 58
NOPAT Margin		 0.00% 0.00% 9.05% 4.72% 0.00% 63.62% 0.00% 18.22% 0.00% 74.24% 8.23%
Net Nonoperating Expense Percent (NNEP)		 -3.38% -33.63% -1.54% -3.82% 96.16% 53.27% 3.18% 0.69% 14.70% -1.89% 0.24%
Return On Investment Capital (ROIC_SIMPLE)		 -2.47% 2.63% 0.15% 0.13% -7.08% 11.40% -4.05% 2.01% -6.58% 18.14% 0.46%
Cost of Revenue to Revenue		 0.00% 0.00% 51.96% 74.19% 0.00% 12.51% 0.00% 64.65% 0.00% -90.58% 58.09%
SG&A Expenses to Revenue		 0.00% 0.00% 15.84% 9.92% 0.00% 0.00% 0.00% 8.80% 0.00% 0.00% 17.16%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 30.66% 18.93% 0.00% 24.83% 0.00% 14.77% 0.00% 116.43% 32.91%
Earnings before Interest and Taxes (EBIT)		 -1,230 622 90 166 -1,196 1,322 -672 414 -1,356 2,332 69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1,456 737 176 255 -1,108 1,411 -595 494 -1,238 2,450 181
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.95 2.31 2.32 2.46 6.30 4.07 3.95 4.41 4.41 3.94 2.53
Price to Tangible Book Value (P/TBV)		 0.00 3.95 0.00 0.00 96.15 138.89 102.54 50.96 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 10.60 23.92 0.00 0.00 7.83 9.06 9.48 9.52 6.82 4.12
Price to Earnings (P/E)		 76.45 49.74 40.41 36.40 0.00 0.00 0.00 0.00 12.27 55.07 32.22
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.31% 2.01% 2.47% 2.75% 0.00% 0.00% 0.00% 0.00% 8.15% 1.82% 3.10%
Enterprise Value to Invested Capital (EV/IC)		 1.49 5.13 1.69 1.80 5.75 3.65 3.61 4.10 2.97 2.83 1.98
Enterprise Value to Revenue (EV/Rev)		 0.00 12.05 33.20 0.00 0.00 8.14 9.37 9.70 11.11 7.88 5.04
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 49.81 122.07 0.00 0.00 31.36 0.00 543.60 0.00 32.48 19.49
Enterprise Value to EBIT (EV/EBIT)		 0.00 93.97 260.89 0.00 0.00 49.89 0.00 0.00 0.00 50.87 29.94
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 241.10 9,503.77 0.00 0.00 153.90 0.00 0.00 0.00 75.25 42.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 67.88 511.74 0.00 75.68 53.77 35.76 43.01 49.84 38.88 27.37
Enterprise Value to Free Cash Flow (EV/FCFF)		 275.42 1.77 63.46 58.82 2.07 68.96 1.24 1.45 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.81 0.22 0.79 0.74 0.59 0.65 0.65 0.65 0.87 0.60 0.60
Long-Term Debt to Equity		 0.77 0.21 0.73 0.71 0.58 0.64 0.64 0.41 0.63 0.60 0.59
Financial Leverage		 0.69 0.06 0.64 0.61 0.50 -0.38 0.48 0.42 0.36 0.32 0.30
Leverage Ratio		 2.21 2.17 2.19 2.15 2.05 2.05 2.09 2.05 2.00 1.83 1.89
Compound Leverage Factor		 2.21 2.57 0.17 2.51 2.05 1.51 2.09 1.13 2.00 1.99 1.59
Debt to Total Capital		 44.88% 17.84% 44.01% 42.65% 36.92% 39.21% 39.27% 39.46% 46.52% 37.64% 37.40%
Short-Term Debt to Total Capital		 2.37% 0.45% 3.38% 1.94% 0.64% 0.22% 0.26% 14.82% 12.66% 0.38% 0.39%
Long-Term Debt to Total Capital		 42.51% 17.39% 40.63% 40.71% 36.27% 38.99% 39.01% 24.63% 33.86% 37.25% 37.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 8.57% 12.88% 8.82% 8.93% 0.19% 0.19% 0.19% 0.18% 4.72% 5.11% 5.02%
Common Equity to Total Capital		 46.55% 69.28% 47.17% 48.42% 62.89% 60.60% 60.54% 60.36% 48.76% 57.25% 57.58%
Debt to EBITDA		 -8.64 4.89 35.42 -65.62 -94.89 4.80 -31.26 78.67 -101.99 4.69 4.09
Net Debt to EBITDA		 -6.84 2.47 27.02 -47.86 -18.00 1.16 -6.21 11.95 -68.23 3.72 3.01
Long-Term Debt to EBITDA		 -8.18 4.77 32.70 -62.63 -93.24 4.77 -31.05 49.11 -74.23 4.64 4.05
Debt to NOPAT		 -12.81 23.66 2,757.50 -46.87 -14.71 23.54 -13.33 -25.11 -23.22 10.87 8.98
Net Debt to NOPAT		 -10.14 11.97 2,103.57 -34.19 -2.79 5.70 -2.65 -3.81 -15.53 8.62 6.60
Long-Term Debt to NOPAT		 -12.13 23.06 2,545.89 -44.74 -14.45 23.41 -13.25 -15.68 -16.90 10.76 8.88
Altman Z-Score		 1.23 1.64 1.51 1.61 5.55 4.51 3.70 4.20 2.45 4.17 2.61
Noncontrolling Interest Sharing Ratio		 17.51% 0.00% 16.05% 15.55% 11.29% 11.59% 0.00% 11.49% 0.00% 4.61% 4.50%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.78 0.71 0.66 0.81 2.89 2.95 2.54 1.32 0.67 1.46 1.35
Quick Ratio		 0.62 0.39 0.50 0.65 2.49 2.71 2.28 1.16 0.54 1.25 1.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 533 24,792 886 1,321 22,521 1,560 22,989 23,319 -5,460 -2,185 -4,070
Operating Cash Flow to CapEx		 0.00% 45.76% 485.19% 2,023.08% 1,516.67% -176.92% 1,154.55% 1,050.00% 5,766.67% 201.64% 1,785.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 14.29 22.01 0.00 0.00 0.00 409.11 0.00 0.00 -59.85
Operating Cash Flow to Interest Expense		 0.00 0.00 2.11 4.38 0.00 0.00 0.00 4.05 0.00 0.00 5.25
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 1.68 4.17 0.00 0.00 0.00 3.67 0.00 0.00 4.96
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.09 0.04 0.00 0.00 0.13 0.11 0.12 0.22 0.32 0.33
Accounts Receivable Turnover		 0.00 7.44 2.15 0.00 0.00 30.83 6.57 7.05 16.09 39.14 23.38
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 2.31 0.71 0.00 0.00 4.43 2.08 2.32 4.13 5.34 5.63
Accounts Payable Turnover		 0.89 1.92 0.81 0.26 0.40 4.43 2.90 2.65 7.07 0.00 0.21
Days Sales Outstanding (DSO)		 0.00 49.05 169.64 0.00 0.00 11.84 55.54 51.78 22.69 9.32 15.61
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 410.38 189.83 448.83 1,379.32 907.79 82.30 125.68 137.66 51.61 0.00 1,771.08
Cash Conversion Cycle (CCC)		 0.00 -140.78 -279.19 0.00 0.00 -70.46 -70.15 -85.88 -28.92 9.32 -1,755.47
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 31,645 8,390 31,425 31,167 8,287 8,152 7,966 8,092 12,798 12,495 12,094
Invested Capital Turnover		 0.00 0.17 0.05 0.00 0.00 0.44 0.16 0.17 0.32 0.44 0.47
Increase / (Decrease) in Invested Capital		 -1,394 -24,170 -833 -1,274 -23,358 -238 -23,459 -23,075 4,511 4,517 4,128
Enterprise Value (EV)		 47,124 43,036 53,221 56,078 47,678 29,734 28,718 33,160 37,981 35,302 23,920
Market Capitalization		 31,726 37,851 38,347 41,971 46,827 28,611 27,789 32,409 32,559 30,564 19,557
Book Value per Share		 $28.95 $25.12 $25.33 $26.11 $11.36 $20.65 $20.63 $21.51 $21.57 $22.68 $30.87
Tangible Book Value per Share		 ($29.76) $14.68 ($25.37) ($24.50) $0.74 $0.61 $0.79 $1.86 ($14.89) ($12.78) ($16.70)
Total Capital		 34,902 23,668 35,087 35,235 11,824 11,599 11,623 12,162 15,127 13,550 13,426
Total Debt		 15,663 4,223 15,442 15,028 4,365 4,548 4,564 4,799 7,037 5,100 5,021
Total Long-Term Debt		 14,836 4,117 14,257 14,343 4,289 4,522 4,534 2,996 5,122 5,048 4,968
Net Debt		 12,406 2,136 11,780 10,960 828 1,101 907 729 4,708 4,045 3,689
Capital Expenditures (CapEx)		 -245 118 27 13 12 13 33 22 3.00 61 20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2,336 -2,973 -2,152 -2,233 -572 -716 -896 -646 -840 -569 -775
Debt-free Net Working Capital (DFNWC)		 -224 -1,260 -486 -148 2,482 2,240 2,251 2,802 748 486 557
Net Working Capital (NWC)		 -1,051 -1,366 -1,671 -833 2,406 2,214 2,221 999 -1,167 434 504
Net Nonoperating Expense (NNE)		 -446 -400 -192 -460 6,363 -2,651 202 40 407 -47 5.48
Net Nonoperating Obligations (NNO)		 12,406 -11,055 11,780 10,960 828 1,101 907 729 4,708 4,045 3,689
Total Depreciation and Amortization (D&A)		 -226 115 86 89 88 89 77 80 118 118 112
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -83.23% -134.25% 0.00% 0.00% -19.60% -29.22% -18.89% -24.57% -12.70% -16.33%
Debt-free Net Working Capital to Revenue		 0.00% -35.27% -30.32% 0.00% 0.00% 61.32% 73.42% 81.95% 21.88% 10.84% 11.74%
Net Working Capital to Revenue		 0.00% -38.24% -104.24% 0.00% 0.00% 60.61% 72.44% 29.22% -34.13% 9.68% 10.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.94 $0.00 $0.61 $0.91 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 652.83M 652.95M 653.45M 654.64M 340.44M 341.10M 341.29M 341.93M 341.96M 250.47M 250.61M
Adjusted Diluted Earnings per Share		 $0.89 $0.00 $0.52 $0.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 652.83M 652.95M 653.45M 654.64M 340.44M 341.10M 341.29M 341.93M 341.96M 250.47M 250.61M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 652.83M 652.95M 653.45M 654.64M 340.44M 341.10M 341.29M 341.93M 341.96M 250.47M 250.61M
Normalized Net Operating Profit after Tax (NOPAT)		 -861 435 53 47 -833 925 -455 244 -930 1,632 58
Normalized NOPAT Margin		 0.00% 0.00% 9.05% 4.72% 0.00% 44.53% 0.00% 18.22% 0.00% 51.97% 8.23%
Pre Tax Income Margin		 0.00% 0.00% 1.19% 19.53% 0.00% 46.78% 0.00% 17.00% 0.00% 80.64% 8.16%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 1.45 2.77 0.00 0.00 0.00 7.26 0.00 0.00 1.01
NOPAT to Interest Expense		 0.00 0.00 0.86 0.78 0.00 0.00 0.00 4.29 0.00 0.00 0.86
EBIT Less CapEx to Interest Expense		 0.00 0.00 1.02 2.55 0.00 0.00 0.00 6.88 0.00 0.00 0.72
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.42 0.56 0.00 0.00 0.00 3.90 0.00 0.00 0.57
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are key trends from Liberty Media Corp (FWONA) quarterly statements over the past four years, focused on the latest four quarters in 2025. The bullets highlight metrics that could be meaningful to retail investors evaluating profitability, cash flow, and leverage.

  • Net income attributable to common shareholders in Q4 2025: $2,379,000,000, signaling a strong quarterly turnaround after softer 2025 quarters.
  • Revenue growth into year-end: Total Revenue in Q4 2025 was $3,141,000,000, up from $2,078,000,000 in Q4 2024.
  • Positive operating cash flow across 2025 quarters: Net Cash From Continuing Operating Activities were positive in Q1 ($381,000,000), Q2 ($231,000,000), Q3 ($173,000,000), and Q4 ($123,000,000).
  • Solid equity base through mid-2025: Total Common Equity around $7.3B (e.g., about $7,336,000,000 in Q3 2025), indicating a robust equity cushion.
  • Data irregularity in Q3 2025 revenue: Total Revenue reported as $0 in Q3 2025, suggesting a data gap or restatement that complicates trend interpretation.
  • Substantial noncurrent assets reflect acquisitions: Goodwill around $7.2B and Intangible Assets around $5.3–$5.6B in 2025, indicating large prior acquisitions and potential impairment risk if conditions worsen.
  • Leverage remains high and variable across 2025: Long-Term Debt ranged from roughly $5.1B to $14.3B across 2025 quarters, highlighting ongoing refinancing and debt-service considerations.
  • Earnings volatility in 2025: Net income was negative in multiple quarters (Q1 2025: -$672,000,000; Q3 2025: -$1,356,000,000), even though Q4 2025 rebounded.
  • Cash balance pressure in late 2025: Net Change in Cash & Equivalents was negative in Q3 2025 (-$1,860,000,000) and again in Q4 2025 (-$557,000,000), implying cash burn despite positive operating cash flow.
  • Investing cash outflows notable in some quarters: Net Cash From Investing Activities was substantially negative in certain periods (e.g., Q3 2025 around -$3,018,000,000) due to acquisitions/investments, which can stress liquidity absent offsetting financing or cash flow from operations.
05/12/26 12:59 PM ETAI Generated. May Contain Errors.

Atlanta Braves Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Atlanta Braves' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Atlanta Braves' net income appears to be on a downward trend, with a most recent value of $555 million in 2025, rising from $0.00 in 2015. The previous period was -$2.48 billion in 2024.

Atlanta Braves' total operating income in 2025 was $577 million, based on the following breakdown:
  • Total Gross Profit: $4.48 billion
  • Total Operating Expenses: $3.91 billion

Over the last 10 years, Atlanta Braves' total revenue changed from $0.00 in 2015 to $4.48 billion in 2025, a change of 448,200,000,000.0%.

Atlanta Braves' total liabilities were at $6.95 billion at the end of 2025, a 16.8% increase from 2024, and a 40.4% decrease since 2015.

In the past 10 years, Atlanta Braves' cash and equivalents has ranged from $0.00 in 2016 to $2.83 billion in 2020, and is currently $1.06 billion as of their latest financial filing in 2025.

Over the last 10 years, Atlanta Braves' book value per share changed from 32.71 in 2015 to 22.68 in 2025, a change of -30.7%.


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Financial statements for OTCMKTS:BATRB last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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