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Side-by-side financial comparison of Aveanna Healthcare Holdings, Inc. (AVAH) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.

Global Business Travel Group, Inc. is the larger business by last-quarter revenue ($792.0M vs $621.9M, roughly 1.3× Aveanna Healthcare Holdings, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 2.3%, a 8.2% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 22.2%). Over the past eight quarters, Aveanna Healthcare Holdings, Inc.'s revenue compounded faster (14.0% CAGR vs 13.9%).

Aveanna Healthcare Holdings, Inc. is a leading U.S. provider of home and community-based healthcare services. Its core offerings include pediatric home health, adult personal care, hospice care, and infusion therapy, serving patients across the United States through its nationwide network of local care centers, catering to both public and private payer segments.

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, ...

AVAH vs GBTG — Head-to-Head

Bigger by revenue
GBTG
GBTG
1.3× larger
GBTG
$792.0M
$621.9M
AVAH
Growing faster (revenue YoY)
GBTG
GBTG
+11.8% gap
GBTG
34.0%
22.2%
AVAH
Higher net margin
GBTG
GBTG
8.2% more per $
GBTG
10.5%
2.3%
AVAH
Faster 2-yr revenue CAGR
AVAH
AVAH
Annualised
AVAH
14.0%
13.9%
GBTG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AVAH
AVAH
GBTG
GBTG
Revenue
$621.9M
$792.0M
Net Profit
$14.1M
$83.0M
Gross Margin
32.6%
Operating Margin
8.6%
3.7%
Net Margin
2.3%
10.5%
Revenue YoY
22.2%
34.0%
Net Profit YoY
132.8%
692.9%
EPS (diluted)
$0.06
$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.

Revenue
AVAH
AVAH
GBTG
GBTG
Q4 25
$792.0M
Q3 25
$621.9M
$674.0M
Q2 25
$589.6M
$631.0M
Q1 25
$559.2M
$621.0M
Q4 24
$519.9M
$591.0M
Q3 24
$509.0M
$597.0M
Q2 24
$505.0M
$625.0M
Q1 24
$490.7M
$610.0M
Net Profit
AVAH
AVAH
GBTG
GBTG
Q4 25
$83.0M
Q3 25
$14.1M
$-62.0M
Q2 25
$27.0M
$15.0M
Q1 25
$5.2M
$75.0M
Q4 24
$29.2M
$-14.0M
Q3 24
$-42.8M
$-128.0M
Q2 24
$13.9M
$27.0M
Q1 24
$-11.2M
$-19.0M
Gross Margin
AVAH
AVAH
GBTG
GBTG
Q4 25
Q3 25
32.6%
Q2 25
35.8%
Q1 25
32.8%
Q4 24
33.0%
Q3 24
31.4%
Q2 24
31.3%
Q1 24
29.7%
Operating Margin
AVAH
AVAH
GBTG
GBTG
Q4 25
3.7%
Q3 25
8.6%
1.8%
Q2 25
13.6%
5.4%
Q1 25
9.3%
8.9%
Q4 24
8.8%
5.1%
Q3 24
6.7%
4.5%
Q2 24
7.4%
6.7%
Q1 24
4.7%
2.6%
Net Margin
AVAH
AVAH
GBTG
GBTG
Q4 25
10.5%
Q3 25
2.3%
-9.2%
Q2 25
4.6%
2.4%
Q1 25
0.9%
12.1%
Q4 24
5.6%
-2.4%
Q3 24
-8.4%
-21.4%
Q2 24
2.8%
4.3%
Q1 24
-2.3%
-3.1%
EPS (diluted)
AVAH
AVAH
GBTG
GBTG
Q4 25
$0.16
Q3 25
$0.06
$-0.13
Q2 25
$0.13
$0.03
Q1 25
$0.03
$0.16
Q4 24
$0.15
$-0.04
Q3 24
$-0.22
$-0.28
Q2 24
$0.07
$0.06
Q1 24
$-0.06
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVAH
AVAH
GBTG
GBTG
Cash + ST InvestmentsLiquidity on hand
$145.9M
$434.0M
Total DebtLower is stronger
$1.3B
$1.4B
Stockholders' EquityBook value
$9.2M
$1.6B
Total Assets
$1.8B
$4.9B
Debt / EquityLower = less leverage
141.83×
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAH
AVAH
GBTG
GBTG
Q4 25
$434.0M
Q3 25
$145.9M
$427.0M
Q2 25
$100.7M
$601.0M
Q1 25
$71.5M
$552.0M
Q4 24
$84.3M
$536.0M
Q3 24
$78.5M
$524.0M
Q2 24
$47.7M
$515.0M
Q1 24
$42.6M
$475.0M
Total Debt
AVAH
AVAH
GBTG
GBTG
Q4 25
$1.4B
Q3 25
$1.3B
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$1.3B
$1.4B
Q4 24
$1.3B
$1.4B
Q3 24
$1.3B
$1.4B
Q2 24
$1.3B
Q1 24
$1.3B
Stockholders' Equity
AVAH
AVAH
GBTG
GBTG
Q4 25
$1.6B
Q3 25
$9.2M
$1.5B
Q2 25
$-12.0M
$1.2B
Q1 25
$-100.1M
$1.1B
Q4 24
$-123.6M
$1.1B
Q3 24
$-156.4M
$1.1B
Q2 24
$-119.0M
$1.2B
Q1 24
$-136.3M
$1.2B
Total Assets
AVAH
AVAH
GBTG
GBTG
Q4 25
$4.9B
Q3 25
$1.8B
$4.8B
Q2 25
$1.8B
$3.9B
Q1 25
$1.7B
$3.8B
Q4 24
$1.7B
$3.6B
Q3 24
$1.6B
$3.8B
Q2 24
$1.7B
$3.8B
Q1 24
$1.6B
$3.8B
Debt / Equity
AVAH
AVAH
GBTG
GBTG
Q4 25
0.88×
Q3 25
141.83×
0.91×
Q2 25
1.15×
Q1 25
1.23×
Q4 24
1.32×
Q3 24
1.26×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVAH
AVAH
GBTG
GBTG
Operating Cash FlowLast quarter
$33.2M
$52.0M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
2.36×
0.63×
TTM Free Cash FlowTrailing 4 quarters
$104.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVAH
AVAH
GBTG
GBTG
Q4 25
$52.0M
Q3 25
$33.2M
$71.0M
Q2 25
$51.6M
$57.0M
Q1 25
$-8.6M
$53.0M
Q4 24
$13.4M
$65.0M
Q3 24
$29.4M
$85.0M
Q2 24
$1.8M
$73.0M
Q1 24
$-12.0M
$49.0M
Free Cash Flow
AVAH
AVAH
GBTG
GBTG
Q4 25
$13.0M
Q3 25
$38.0M
Q2 25
$27.0M
Q1 25
$26.0M
Q4 24
$33.0M
Q3 24
$59.0M
Q2 24
$49.0M
Q1 24
$24.0M
FCF Margin
AVAH
AVAH
GBTG
GBTG
Q4 25
1.6%
Q3 25
5.6%
Q2 25
4.3%
Q1 25
4.2%
Q4 24
5.6%
Q3 24
9.9%
Q2 24
7.8%
Q1 24
3.9%
Capex Intensity
AVAH
AVAH
GBTG
GBTG
Q4 25
4.9%
Q3 25
4.9%
Q2 25
4.8%
Q1 25
4.3%
Q4 24
5.4%
Q3 24
4.4%
Q2 24
3.8%
Q1 24
4.1%
Cash Conversion
AVAH
AVAH
GBTG
GBTG
Q4 25
0.63×
Q3 25
2.36×
Q2 25
1.91×
3.80×
Q1 25
-1.66×
0.71×
Q4 24
0.46×
Q3 24
Q2 24
0.13×
2.70×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVAH
AVAH

Private Duty Services$514.4M83%
Home Health And Hospice$62.4M10%
Medical Solutions$45.1M7%

GBTG
GBTG

Travel$620.0M78%
Other$172.0M22%

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