Atlanta Braves Holdings, Inc. (BATRA) Key Metrics

NASDAQ: BATRAValuation, returns, debt and efficiency ratios over 10 years.

BATRA valuation today

Trailing 12 months · as of October 17, 2026
Market cap
$3.47B
Enterprise value
$4.27B
P/E (TTM)
—
Forward P/E
—
PEG ratio
—
Price / sales
4.6
Price / book
7.2
EV / EBITDA
80.6
Dividend yield
—
Beta
0.83

BATRA key metrics, 2016–2025

Fiscal year ended December 31, 2025 · U.S. dollars

BATRA returns How much profit the business earns on the capital it uses.

Return on equity+1.5 pts
−4.5%
2025 · hover or tap a bar for each year
2016: −16.5% (−68.9 pts)2017: −6.0% (+10.5 pts)2018: 1.2% (+7.2 pts)2019: −18.9% (−20.0 pts)2020: −23.3% (−4.4 pts)2021: −4.4% (+18.9 pts)2022: −11.6% (−7.2 pts)2023: −30.5% (−18.9 pts)2024: −5.9% (+24.5 pts)2025: −4.5% (+1.5 pts)
20162025
Return on invested capital+3.9 pts
1.1%
2025 · hover or tap a bar for each year
2016: −0.6% (−6.0 pts)2017: −0.8% (−0.3 pts)2018: 0.0% (+0.8 pts)2019: −0.2% (−0.2 pts)2020: −0.6% (−0.4 pts)2021: 0.1% (+0.7 pts)2022: −0.2% (−0.2 pts)2023: −0.5% (−0.3 pts)2024: −2.8% (−2.4 pts)2025: 1.1% (+3.9 pts)
20162025
Return on assets+0.6 pts
−1.5%
2025 · hover or tap a bar for each year
2016: −5.2% (−26.8 pts)2017: −1.5% (+3.7 pts)2018: 0.3% (+1.7 pts)2019: −4.5% (−4.8 pts)2020: −4.9% (−0.4 pts)2021: −0.8% (+4.1 pts)2022: −2.2% (−1.4 pts)2023: −8.4% (−6.2 pts)2024: −2.1% (+6.3 pts)2025: −1.5% (+0.6 pts)
20162025
Free cash flow margin+6.9 pts
−3.6%
2025 · hover or tap a bar for each year
2016: −103.4% (−101.7 pts)2017: −67.6% (+35.8 pts)2018: 15.8% (+83.5 pts)2019: −5.9% (−21.7 pts)2020: −76.4% (−70.5 pts)2021: 4.8% (+81.2 pts)2022: 5.9% (+1.2 pts)2023: −10.5% (−16.5 pts)2024: −10.5% (+0.1 pts)2025: −3.6% (+6.9 pts)
20162025
Asset turnover+6.6%
0.47
2025 · hover or tap a bar for each year
2016: 0.22 (−96.1%)2017: 0.23 (+3.4%)2018: 0.24 (+6.5%)2019: 0.28 (+16.3%)2020: 0.11 (−59.8%)2021: 0.35 (+212.4%)2022: 0.38 (+7.6%)2023: 0.43 (+13.7%)2024: 0.44 (+1.8%)2025: 0.47 (+6.6%)
20162025

BATRA returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

BATRA debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

BATRA cash returned to shareholders

DividendsBuybacksFree cash flow

BATRA key metrics

2016–2025
Atlanta Braves Holdings, Inc. key metrics by fiscal year
2025202420232022202120202019201820172016
Valuation
Share price at fiscal year-end$42.49$40.80$42.78$32.67$28.75$24.87$29.65$24.94$22.05$20.49
Returns & profitability
Return on equity (ROE)−4.5%−5.9%−30.5%−11.6%−4.4%−23.3%−18.9%1.2%−6.0%−16.5%
Return on invested capital (ROIC)1.1%−2.8%−0.5%−0.2%0.1%−0.6%−0.2%0.0%−0.8%−0.6%
Return on assets (ROA)−1.5%−2.1%−8.4%−2.2%−0.8%−4.9%−4.5%0.3%−1.5%−5.2%
Return on tangible assets−1.8%−2.6%−10.4%−3.0%−1.0%−6.4%−6.2%0.3%−1.7%−5.4%
Free cash flow margin−3.6%−10.5%−10.5%5.9%4.8%−76.4%−5.9%15.8%−67.6%−103.4%
Income quality (OCF / net income)———————20.60——
Financial health
Total debt$837.2M$721.0M$672.9M$15.03B$15.71B$16.75B$15.47B$13.38B$13.20B$8.02B
Cash & short-term investments$111.6M$110.1M$125.1M$151.0M$142.0M$151.0M$142.0M$107.0M$132.0M$107.0M
Net debt$725.6M$610.8M$547.7M$14.88B$15.57B$16.59B$15.33B$13.28B$13.07B$7.91B
Debt / equity1.591.381.2751.1253.0857.5440.9430.5630.9120.05
Debt / assets0.520.470.4510.179.6010.669.717.427.075.18
Net debt / EBITDA7.4124.3020.47315.30167.98—479.16172.44——
Current ratio0.420.620.931.182.431.411.423.062.420.83
Quick ratio0.420.620.931.182.431.411.423.062.420.83
Interest coverage0.4-1.0-1.2-1.00.8-4.9-1.40.0-7.5-61.0
Working capital−$218.3M−$107.5M−$15.7M$41.0M$194.0M$71.0M$79.0M$173.0M$129.0M−$29.0M
Invested capital$1.25B$1.14B$1.08B$15.17B$15.87B$16.89B$15.71B$13.72B$13.49B$8.31B
Tangible asset value$238.7M$236.8M$241.2M−$30.0M−$48.0M−$56.0M$21.0M$78.0M$55.0M$4.0M
Net current asset value−$918.1M−$808.5M−$745.7M−$909.0M−$1.01B−$1.04B−$948.0M−$1.11B−$1.22B−$1.01B
Capital allocation
Dividends paid———$249,000$58.0M$64.0M$68.0M$59.0M$60.0M—
Share buybacks (net)$0——$1.62B$1.50B$1.0M$4.0M$1.78B$30.0M$0
Capex / revenue7.0%13.0%10.8%3.1%6.2%45.5%21.6%7.5%56.7%137.4%
Capex / operating cash flow203.4%517.2%4,245.8%34.0%56.5%—137.3%32.0%—404.5%
Capex / depreciation0.681.370.970.250.491.171.450.433.2711.25
Stock-based compensation / revenue2.1%2.5%2.1%2.0%2.1%3.4%3.6%2.5%12.4%3.4%
SG&A / revenue17.6%19.0%19.4%345.1%338.3%37.6%21.8%272.2%301.0%338.2%
Efficiency
Days sales outstanding20.831.130.726.422.759.518.821.922.2182.5
Days payables outstanding33.348.647.650.657.7124.539.318.98.610.7
Cash conversion cycle (days)-12.5-17.5-16.8-24.2-35.0-65.1-20.53.013.6171.8
Receivables turnover17.5311.7411.8713.8516.116.1419.4316.6816.432.00
Payables turnover10.957.517.677.216.332.939.2819.3142.3534.10
Asset turnover0.470.440.430.380.350.110.280.240.230.22
Average receivables$41.8M$56.5M$54.0M$42.5M$35.0M$29.0M$24.5M$26.5M$23.5M$131.0M
Average payables$53.6M$68.4M$64.0M$60.5M$59.5M$58.0M$46.0M$43.5M$99.5M$82.5M
Intangibles / total assets18.5%19.7%19.9%21.9%21.0%22.1%22.4%19.9%19.9%25.6%

Computed from BATRA's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.

BATRA valuation and financial ratios

Atlanta Braves earned a return on equity of −4.5% and a return on invested capital of 1.1% in fiscal 2025. It ended the year with $837.2 million of debt and $111.6 million in cash and short-term investments, net debt of $725.6 million.

See the BATRA income statement, the BATRA chart for price history, or the BATRA stock overview for the latest quote and news.

BATRA key metrics FAQ

What is Atlanta Braves's return on equity?

Atlanta Braves's return on equity (ROE) was −4.5% in fiscal 2025: net income of -$23.4 million on average shareholders' equity of $525.1 million.

What is Atlanta Braves's ROIC?

Atlanta Braves's return on invested capital was 1.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does Atlanta Braves have?

Atlanta Braves had total debt of $837.2 million at the end of fiscal 2025, a debt-to-equity ratio of 1.59 and $725.6 million of net debt (7.41 times EBITDA).

What is Atlanta Braves's current ratio?

Atlanta Braves's current ratio was 0.42 at the end of fiscal 2025: current assets were 0.42 times current liabilities.

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