Is the business good?
How good a business is BATRA?
Atlanta Braves Holdings, Inc. earns −4.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−4.7%
Return on invested capital · cost of capital 9.0% · 14 points below what the capital costs: growth destroys value
- Operating margin
- −9.4%
Operating margin · Entertainment median 12% · 12 months to Q2 2026
- Share count, year on year
- +2.3%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2022 | −5.2% |
| FY2023 | −7.2% |
| FY2024 | −6.0% |
| FY2025 | −1.8% |
Details›
- Operating margin12 months to Q2 2026
- −9.4%
- Net margin12 months to Q2 2026
- −8.6%
- Revenue, trailing twelve months
- $750M
- Net income, trailing twelve months
- −$64M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −4.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.