Atlanta Braves Holdings, Inc. (BATRA) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · General / Diversified · as of Jun 27, 2026
Atlanta Braves Holdings, Inc. (BATRA)
A forensic read on Atlanta Braves Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-1.7
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-4.2%
ROE
$3.6B
Market cap
Atlanta Braves Holdings, Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -1.7, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-1%Return on invested capital.Return on invested capital is -1% and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+12.0%Accruals ratio.Net operating assets grew +12.0% relative to their average in FY2025 — the accrual component of earnings. Accruals are building faster than is comfortable — part of profit sits in receivables, inventory or capitalized costs rather than cash. The cash-flow cross-check agrees: reported earnings ran in line with operating cash by -4% of net operating assets.
+0.9%/yrShare-count dilution.Diluted share count changed +2% over the last 2 years to FY2025 (+0.9%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Net Margin-3.2%
Debt / Equity1.40x
Free Cash Flow$-68.5M
Latest Revenue$732.5M
Return on Equity-4.4%
Revenue Growth YoY+10.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Atlanta Braves Holdings, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about BATRA's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown