Atlanta Braves Holdings, Inc. (BATRA) vs Sphere Entertainment Co. (SPHR)

Atlanta Braves Holdings, Inc. and Sphere Entertainment Co. are both Entertainment companies. Sphere Entertainment Co. is the larger, with a market value of $5.0B against $3.5B — 1.4× the size. Sphere Entertainment Co. grew revenue faster over the last twelve months: 27.5% against 6.77%. Sphere Entertainment Co. has the higher net margin (−5.66% vs −8.56%) and the lower return on invested capital (−3.93% vs −3.57%). Across the 18 metrics below, Sphere Entertainment Co. leads on 16 and Atlanta Braves Holdings, Inc. on 2.

Valuation

Metric BATRA SPHR Entertainment median
P/E n/m n/m 22.03
P/S 5.05 3.76 1.47
P/B 7.19 2.29 2.00
Price to free cash flow n/m 14.21 16.60
EV/EBITDA 405.76 23.55 9.65
EV/Sales 6.00 3.93 1.76
Earnings yield (1.69%) (1.62%) (0.67%)
Free cash flow yield (2.51%) 7.04% 3.26%

Profitability

Metric BATRA SPHR Entertainment median
Gross margin 24.90% 54.23% 45.02%
Operating margin (9.42%) (11.41%) 2.30%
Net margin (8.56%) (5.66%) 0.00%
Free cash flow margin (12.65%) 26.46% 1.56%
Return on equity (12.09%) (3.38%) 0.00%
Return on assets (3.75%) (1.87%) 0.00%
Return on invested capital (3.57%) (3.93%) 0.00%

Growth

Metric BATRA SPHR Entertainment median
Revenue growth (TTM) 6.77% 27.46% 5.07%
EPS growth (last fiscal year) 26.00% 113.02% —
Revenue growth, 5-year CAGR — (3.21%) 10.25%
Net income growth, 5-year CAGR — (28.74%) 0.00%

Health

Metric BATRA SPHR Entertainment median
Debt to equity 1.69 0.35 0.46
Current ratio 0.49 1.22 0.86
Net debt to EBITDA 11.68 2.25 0.72

Dividend

Metric BATRA SPHR Entertainment median
Dividend yield — — 1.16%
Payout ratio — 0.00 0.00

Size

Metric BATRA SPHR Entertainment median
Market cap 3.47b 4.97b 1.87b

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