vs
Side-by-side financial comparison of Bally's Corp (BALY) 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 $746.2M, roughly 1.1× Bally's Corp). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs -47.3%, a 57.8% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 28.6%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 9.8%).
Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island. In the US it operates 19 casinos across 11 states, a horse track in Colorado, a golf course in New York, and online sports betting operations in 14 states. In Australia, it operates two properties across two states through its Star Entertainment Group subsidiary.
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, ...
BALY vs GBTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $746.2M | $792.0M |
| Net Profit | $-353.2M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | -36.8% | 3.7% |
| Net Margin | -47.3% | 10.5% |
| Revenue YoY | 28.6% | 34.0% |
| Net Profit YoY | -311.8% | 692.9% |
| EPS (diluted) | $-5.84 | $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.
| Q4 25 | $746.2M | $792.0M | ||
| Q3 25 | $663.7M | $674.0M | ||
| Q2 25 | $657.5M | $631.0M | ||
| Q1 25 | $368.7M | $621.0M | ||
| Q4 24 | $580.4M | $591.0M | ||
| Q3 24 | $630.0M | $597.0M | ||
| Q2 24 | $621.7M | $625.0M | ||
| Q1 24 | $618.5M | $610.0M |
| Q4 25 | $-353.2M | $83.0M | ||
| Q3 25 | $-102.9M | $-62.0M | ||
| Q2 25 | $-228.4M | $15.0M | ||
| Q1 25 | $34.5M | $75.0M | ||
| Q4 24 | $-85.8M | $-14.0M | ||
| Q3 24 | $-247.9M | $-128.0M | ||
| Q2 24 | $-60.2M | $27.0M | ||
| Q1 24 | $-173.9M | $-19.0M |
| Q4 25 | -36.8% | 3.7% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | -0.4% | 5.4% | ||
| Q1 25 | -0.5% | 8.9% | ||
| Q4 24 | -5.6% | 5.1% | ||
| Q3 24 | -25.0% | 4.5% | ||
| Q2 24 | 0.9% | 6.7% | ||
| Q1 24 | -12.0% | 2.6% |
| Q4 25 | -47.3% | 10.5% | ||
| Q3 25 | -15.5% | -9.2% | ||
| Q2 25 | -34.7% | 2.4% | ||
| Q1 25 | 9.4% | 12.1% | ||
| Q4 24 | -14.8% | -2.4% | ||
| Q3 24 | -39.3% | -21.4% | ||
| Q2 24 | -9.7% | 4.3% | ||
| Q1 24 | -28.1% | -3.1% |
| Q4 25 | $-5.84 | $0.16 | ||
| Q3 25 | $-1.70 | $-0.13 | ||
| Q2 25 | $-3.76 | $0.03 | ||
| Q1 25 | $0.57 | $0.16 | ||
| Q4 24 | $-1.76 | $-0.04 | ||
| Q3 24 | $-5.10 | $-0.28 | ||
| Q2 24 | $-1.24 | $0.06 | ||
| Q1 24 | $-3.61 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $798.4M | $434.0M |
| Total DebtLower is stronger | $4.5B | $1.4B |
| Stockholders' EquityBook value | $994.7M | $1.6B |
| Total Assets | $11.2B | $4.9B |
| Debt / EquityLower = less leverage | 4.52× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $798.4M | $434.0M | ||
| Q3 25 | $160.7M | $427.0M | ||
| Q2 25 | $174.6M | $601.0M | ||
| Q1 25 | $209.7M | $552.0M | ||
| Q4 24 | $171.2M | $536.0M | ||
| Q3 24 | $191.0M | $524.0M | ||
| Q2 24 | $154.7M | $515.0M | ||
| Q1 24 | $169.4M | $475.0M |
| Q4 25 | $4.5B | $1.4B | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $3.6B | $1.4B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
| Q4 25 | $994.7M | $1.6B | ||
| Q3 25 | $521.5M | $1.5B | ||
| Q2 25 | $630.1M | $1.2B | ||
| Q1 25 | $796.5M | $1.1B | ||
| Q4 24 | $30.9M | $1.1B | ||
| Q3 24 | $233.4M | $1.1B | ||
| Q2 24 | $393.1M | $1.2B | ||
| Q1 24 | $449.4M | $1.2B |
| Q4 25 | $11.2B | $4.9B | ||
| Q3 25 | $7.6B | $4.8B | ||
| Q2 25 | $7.8B | $3.9B | ||
| Q1 25 | $7.5B | $3.8B | ||
| Q4 24 | $5.9B | $3.6B | ||
| Q3 24 | $6.4B | $3.8B | ||
| Q2 24 | $6.6B | $3.8B | ||
| Q1 24 | $6.6B | $3.8B |
| Q4 25 | 4.52× | 0.88× | ||
| Q3 25 | 7.17× | 0.91× | ||
| Q2 25 | 5.68× | 1.15× | ||
| Q1 25 | 4.33× | 1.23× | ||
| Q4 24 | 107.40× | 1.32× | ||
| Q3 24 | 15.73× | 1.26× | ||
| Q2 24 | 9.34× | — | ||
| Q1 24 | 8.19× | — |
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 | 5.1% | 4.9% |
| Cash ConversionOCF / Net Profit | — | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $52.0M | ||
| Q3 25 | $-88.6M | $71.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | $42.0M | $53.0M | ||
| Q4 24 | $37.8M | $65.0M | ||
| Q3 24 | $36.5M | $85.0M | ||
| Q2 24 | $47.6M | $73.0M | ||
| Q1 24 | $-7.9M | $49.0M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | $-139.3M | $38.0M | ||
| Q2 25 | — | $27.0M | ||
| Q1 25 | $11.5M | $26.0M | ||
| Q4 24 | $-5.9M | $33.0M | ||
| Q3 24 | $-55.8M | $59.0M | ||
| Q2 24 | $11.8M | $49.0M | ||
| Q1 24 | $-35.9M | $24.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | -21.0% | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | 3.1% | 4.2% | ||
| Q4 24 | -1.0% | 5.6% | ||
| Q3 24 | -8.9% | 9.9% | ||
| Q2 24 | 1.9% | 7.8% | ||
| Q1 24 | -5.8% | 3.9% |
| Q4 25 | 5.1% | 4.9% | ||
| Q3 25 | 7.6% | 4.9% | ||
| Q2 25 | 7.4% | 4.8% | ||
| Q1 25 | 8.3% | 4.3% | ||
| Q4 24 | 7.5% | 5.4% | ||
| Q3 24 | 14.7% | 4.4% | ||
| Q2 24 | 5.7% | 3.8% | ||
| Q1 24 | 4.5% | 4.1% |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.80× | ||
| Q1 25 | 1.22× | 0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.70× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
