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Side-by-side financial comparison of Allstate (ALL) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($922.0M vs $792.0M, roughly 1.2× Global Business Travel Group, Inc.). Allstate runs the higher net margin — 266.6% vs 10.5%, a 256.1% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 7.2%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs -75.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
ALL vs GBTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $922.0M | $792.0M |
| Net Profit | $2.5B | $83.0M |
| Gross Margin | — | — |
| Operating Margin | -1400.3% | 3.7% |
| Net Margin | 266.6% | 10.5% |
| Revenue YoY | 7.2% | 34.0% |
| Net Profit YoY | — | 692.9% |
| EPS (diluted) | $9.25 | $0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $922.0M | — | ||
| Q4 25 | $17.3B | $792.0M | ||
| Q3 25 | $17.3B | $674.0M | ||
| Q2 25 | $16.6B | $631.0M | ||
| Q1 25 | $16.5B | $621.0M | ||
| Q4 24 | $16.5B | $591.0M | ||
| Q3 24 | $16.6B | $597.0M | ||
| Q2 24 | $15.7B | $625.0M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $3.8B | $83.0M | ||
| Q3 25 | $3.7B | $-62.0M | ||
| Q2 25 | $2.1B | $15.0M | ||
| Q1 25 | $595.0M | $75.0M | ||
| Q4 24 | $1.9B | $-14.0M | ||
| Q3 24 | $1.2B | $-128.0M | ||
| Q2 24 | $331.0M | $27.0M |
| Q1 26 | -1400.3% | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 6.7% |
| Q1 26 | 266.6% | — | ||
| Q4 25 | 22.1% | 10.5% | ||
| Q3 25 | 21.7% | -9.2% | ||
| Q2 25 | 12.7% | 2.4% | ||
| Q1 25 | 3.6% | 12.1% | ||
| Q4 24 | 11.7% | -2.4% | ||
| Q3 24 | 7.2% | -21.4% | ||
| Q2 24 | 2.1% | 4.3% |
| Q1 26 | $9.25 | — | ||
| Q4 25 | $14.24 | $0.16 | ||
| Q3 25 | $13.95 | $-0.13 | ||
| Q2 25 | $7.76 | $0.03 | ||
| Q1 25 | $2.11 | $0.16 | ||
| Q4 24 | $7.07 | $-0.04 | ||
| Q3 24 | $4.33 | $-0.28 | ||
| Q2 24 | $1.13 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $434.0M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $31.6B | $1.6B |
| Total Assets | $124.0B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $434.0M | ||
| Q3 25 | $8.7B | $427.0M | ||
| Q2 25 | $9.6B | $601.0M | ||
| Q1 25 | $6.5B | $552.0M | ||
| Q4 24 | $4.5B | $536.0M | ||
| Q3 24 | $7.0B | $524.0M | ||
| Q2 24 | $5.3B | $515.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $1.4B | ||
| Q3 25 | $8.1B | $1.4B | ||
| Q2 25 | $8.1B | $1.4B | ||
| Q1 25 | $8.1B | $1.4B | ||
| Q4 24 | $8.1B | $1.4B | ||
| Q3 24 | $8.1B | $1.4B | ||
| Q2 24 | $8.1B | — |
| Q1 26 | $31.6B | — | ||
| Q4 25 | $30.6B | $1.6B | ||
| Q3 25 | $27.5B | $1.5B | ||
| Q2 25 | $24.0B | $1.2B | ||
| Q1 25 | $22.1B | $1.1B | ||
| Q4 24 | $21.4B | $1.1B | ||
| Q3 24 | $20.9B | $1.1B | ||
| Q2 24 | $18.6B | $1.2B |
| Q1 26 | $124.0B | — | ||
| Q4 25 | $119.8B | $4.9B | ||
| Q3 25 | $120.4B | $4.8B | ||
| Q2 25 | $115.9B | $3.9B | ||
| Q1 25 | $115.2B | $3.8B | ||
| Q4 24 | $111.6B | $3.6B | ||
| Q3 24 | $113.7B | $3.8B | ||
| Q2 24 | $108.4B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 0.88× | ||
| Q3 25 | 0.29× | 0.91× | ||
| Q2 25 | 0.34× | 1.15× | ||
| Q1 25 | 0.37× | 1.23× | ||
| Q4 24 | 0.38× | 1.32× | ||
| Q3 24 | 0.39× | 1.26× | ||
| Q2 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $52.0M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $52.0M | ||
| Q3 25 | $3.3B | $71.0M | ||
| Q2 25 | $1.9B | $57.0M | ||
| Q1 25 | $2.0B | $53.0M | ||
| Q4 24 | $1.7B | $65.0M | ||
| Q3 24 | $3.2B | $85.0M | ||
| Q2 24 | $2.4B | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $13.0M | ||
| Q3 25 | $3.2B | $38.0M | ||
| Q2 25 | $1.9B | $27.0M | ||
| Q1 25 | $1.9B | $26.0M | ||
| Q4 24 | $1.7B | $33.0M | ||
| Q3 24 | $3.1B | $59.0M | ||
| Q2 24 | $2.3B | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.7% | 1.6% | ||
| Q3 25 | 18.8% | 5.6% | ||
| Q2 25 | 11.3% | 4.3% | ||
| Q1 25 | 11.4% | 4.2% | ||
| Q4 24 | 10.0% | 5.6% | ||
| Q3 24 | 18.9% | 9.9% | ||
| Q2 24 | 14.7% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 4.9% | ||
| Q3 25 | 0.3% | 4.9% | ||
| Q2 25 | 0.0% | 4.8% | ||
| Q1 25 | 0.6% | 4.3% | ||
| Q4 24 | 0.3% | 5.4% | ||
| Q3 24 | 0.4% | 4.4% | ||
| Q2 24 | 0.4% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.78× | 0.63× | ||
| Q3 25 | 0.88× | — | ||
| Q2 25 | 0.89× | 3.80× | ||
| Q1 25 | 3.30× | 0.71× | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 2.69× | — | ||
| Q2 24 | 7.13× | 2.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
