Comprehensive Stock Comparison
Compare Atlanta Braves Holdings, Inc. (BATRA) vs Warner Bros. Discovery, Inc. (WBD) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | BATRA | 10.5% revenue growth vs WBD's -4.8% |
| Quality / Margins | WBD | 1.3% net margin vs BATRA's -3.2% |
| Stability / Safety | BATRA | Beta 0.48 vs WBD's 1.73 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | WBD | +145.8% vs BATRA's +9.7% |
| Efficiency (ROA) | WBD | 0.5% ROA vs BATRA's -1.4%, ROIC -9.7% vs 1.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Atlanta Braves Holdings is a professional sports franchise that owns and operates the Atlanta Braves Major League Baseball team and its surrounding real estate development. The company generates revenue primarily from baseball operations — including ticket sales, media rights, and sponsorships — and from The Battery Atlanta mixed-use development, which includes retail, dining, and entertainment venues. Its key competitive advantage is the unique combination of a historic MLB franchise with a successful real estate ecosystem that creates multiple revenue streams beyond traditional sports operations.
Warner Bros. Discovery is a global media and entertainment conglomerate that produces and distributes content across film, television, and streaming platforms. It generates revenue primarily through three segments: Studios (film and TV production), Networks (cable and broadcast channels), and Direct-to-Consumer (streaming services like Max and discovery+). The company's key advantage is its massive content library and iconic franchises — including DC, Harry Potter, HBO originals, and Discovery's unscripted programming — which create a deep moat in an increasingly competitive streaming landscape.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
WBD leads in 2 of 6 categories (Valuation Metrics, Analyst Outlook). BATRA leads in 1 (Risk & Volatility). 3 tied.
Financial Metrics (TTM)
WBD is the larger business by revenue, generating $37.9B annually — 51.7x BATRA's $732M. Profitability is closely matched — net margins range from 1.3% (WBD) to -3.2% (BATRA). On growth, BATRA holds the edge at +17.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BATRAAtlanta Braves Ho… | WBDWarner Bros. Disc… |
|---|---|---|
| RevenueTrailing 12 months | $732M | $37.9B |
| EBITDAEarnings before interest/tax | $92M | $16.4B |
| Net IncomeAfter-tax profit | -$23M | $485M |
| Free Cash FlowCash after capex | -$120M | $4.1B |
| Gross MarginGross profit ÷ Revenue | +19.9% | +44.0% |
| Operating MarginEBIT ÷ Revenue | +2.3% | +1.5% |
| Net MarginNet income ÷ Revenue | -3.2% | +1.3% |
| FCF MarginFCF ÷ Revenue | -16.4% | +10.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.6% | -6.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -109.7% | -2.1% |
Valuation Metrics
On an enterprise value basis, WBD's 10.1x EV/EBITDA is more attractive than BATRA's 35.1x.
| Metric | BATRAAtlanta Braves Ho… | WBDWarner Bros. Disc… |
|---|---|---|
| Market CapShares × price | $2.5B | $76.3B |
| Enterprise ValueMkt cap + debt − cash | $3.2B | $110.5B |
| Trailing P/EPrice ÷ TTM EPS | -130.84x | -6.10x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 35.07x | 10.09x |
| Price / SalesMarket cap ÷ Revenue | 3.43x | 1.94x |
| Price / BookPrice ÷ Book value/share | 5.74x | 1.98x |
| Price / FCFMarket cap ÷ FCF | — | 17.23x |
Profitability & Efficiency
WBD delivers a 1.3% return on equity — every $100 of shareholder capital generates $1 in annual profit, vs $-4 for BATRA. WBD carries lower financial leverage with a 1.13x debt-to-equity ratio, signaling a more conservative balance sheet compared to BATRA's 1.56x.
| Metric | BATRAAtlanta Braves Ho… | WBDWarner Bros. Disc… |
|---|---|---|
| ROE (TTM)Return on equity | -4.3% | +1.3% |
| ROA (TTM)Return on assets | -1.4% | +0.5% |
| ROICReturn on invested capital | +1.0% | -9.7% |
| ROCEReturn on capital employed | +1.3% | -10.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 1.56x | 1.13x |
| Net DebtTotal debt minus cash | $726M | $34.2B |
| Cash & Equiv.Liquid assets | $112M | $5.3B |
| Total DebtShort + long-term debt | $837M | $39.5B |
| Interest CoverageEBIT ÷ Interest expense | 0.95x | 1.85x |
Total Returns (with DRIP)
A $10,000 investment in BATRA five years ago would be worth $16,198 today (with dividends reinvested), compared to $4,842 for WBD. Over the past 12 months, WBD leads with a +145.8% total return vs BATRA's +9.7%. The 3-year compound annual growth rate (CAGR) favors WBD at 21.7% vs BATRA's 12.2% — a key indicator of consistent wealth creation.
| Metric | BATRAAtlanta Braves Ho… | WBDWarner Bros. Disc… |
|---|---|---|
| YTD ReturnYear-to-date | +12.7% | -1.2% |
| 1-Year ReturnPast 12 months | +9.7% | +145.8% |
| 3-Year ReturnCumulative with dividends | +41.3% | +80.3% |
| 5-Year ReturnCumulative with dividends | +62.0% | -51.6% |
| 10-Year ReturnCumulative with dividends | +143.9% | +12.7% |
| CAGR (3Y)Annualised 3-year return | +12.2% | +21.7% |
Risk & Volatility
BATRA is the less volatile stock with a 0.48 beta — it tends to amplify market swings less than WBD's 1.73 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | BATRAAtlanta Braves Ho… | WBDWarner Bros. Disc… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.48x | 1.73x |
| 52-Week HighHighest price in past year | $50.50 | $30.00 |
| 52-Week LowLowest price in past year | $38.67 | $7.52 |
| % of 52W HighCurrent price vs 52-week peak | +95.9% | +93.9% |
| RSI (14)Momentum oscillator 0–100 | 72.4 | 58.5 |
| Avg Volume (50D)Average daily shares traded | 53K | 20.9M |
Analyst Outlook
Wall Street rates BATRA as "Buy" and WBD as "Hold".
| Metric | BATRAAtlanta Braves Ho… | WBDWarner Bros. Disc… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $25.59 |
| # AnalystsCovering analysts | 5 | 31 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Atlanta Braves Hold… (BATRA) | 100 | 168.3 | +68.3% |
| Warner Bros. Discov… (WBD) | 100 | 104.24 | +4.2% |
Atlanta Braves Hold… (BATRA) returned +62% over 5 years vs Warner Bros. Discov… (WBD)'s -52%. A $10,000 investment in BATRA 5 years ago would be worth $16,198 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Atlanta Braves Hold… (BATRA) | $262M | $732M | +179.6% |
| Warner Bros. Discov… (WBD) | $6.5B | $39.3B | +505.2% |
Atlanta Braves Holdings, Inc.'s revenue grew from $262M (2016) to $732M (2025) — a 12.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Atlanta Braves Hold… (BATRA) | -23.7% | -3.2% | +86.5% |
| Warner Bros. Discov… (WBD) | 18.4% | -28.8% | -256.5% |
Atlanta Braves Holdings, Inc.'s net margin went from -24% (2016) to -3% (2025).
Chart 4P/E Ratio History — 4 Years
| Stock | 2018 | 2021 | Change |
|---|---|---|---|
| Warner Bros. Discov… (WBD) | 28.8 | 15.3 | -46.9% |
Warner Bros. Discovery, Inc. has traded in a 11x–29x P/E range over 4 years; current trailing P/E is ~-6x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Atlanta Braves Hold… (BATRA) | -1.25 | -0.37 | +70.4% |
| Warner Bros. Discov… (WBD) | 1.96 | -4.62 | -335.7% |
Atlanta Braves Holdings, Inc.'s EPS grew from $-1.25 (2016) to $-0.37 (2025).
Chart 6Free Cash Flow — 5 Years
Atlanta Braves Holdings, Inc. generated $-120M FCF in 2025 (-544% vs 2021). Warner Bros. Discovery, Inc. generated $4B FCF in 2024 (+83% vs 2021).
BATRA vs WBD: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is BATRA or WBD a better buy right now?
Analysts rate Atlanta Braves Holdings, Inc. (BATRA) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BATRA or WBD?
Over the past 5 years, Atlanta Braves Holdings, Inc. (BATRA) delivered a total return of +62.0%, compared to -51.6% for Warner Bros. Discovery, Inc. (WBD). A $10,000 investment in BATRA five years ago would be worth approximately $16K today (assuming dividends reinvested). Over 10 years, the gap is even starker: BATRA returned +143.9% versus WBD's +12.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BATRA or WBD?
By beta (market sensitivity over 5 years), Atlanta Braves Holdings, Inc. (BATRA) is the lower-risk stock at 0.48β versus Warner Bros. Discovery, Inc.'s 1.73β — meaning WBD is approximately 257% more volatile than BATRA relative to the S&P 500. On balance sheet safety, Warner Bros. Discovery, Inc. (WBD) carries a lower debt/equity ratio of 113% versus 156% for Atlanta Braves Holdings, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — BATRA or WBD?
Atlanta Braves Holdings, Inc. (BATRA) is the more profitable company, earning -3.2% net margin versus -28.8% for Warner Bros. Discovery, Inc. — meaning it keeps -3.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BATRA leads at 2.3% versus -25.5% for WBD. At the gross margin level — before operating expenses — WBD leads at 41.6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — BATRA or WBD?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is BATRA or WBD better for a retirement portfolio?
For long-horizon retirement investors, Atlanta Braves Holdings, Inc. (BATRA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.48), +143.9% 10Y return). Warner Bros. Discovery, Inc. (WBD) carries a higher beta of 1.73 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BATRA: +143.9%, WBD: +12.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between BATRA and WBD?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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