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Side-by-side financial comparison of Booking Holdings (BKNG) and iPower Inc. (IPW). Click either name above to swap in a different company.

Booking Holdings is the larger business by last-quarter revenue ($6.3B vs $12.0M, roughly 528.3× iPower Inc.). On growth, Booking Holdings posted the faster year-over-year revenue change (16.0% vs -36.8%).

Booking Holdings is a leading global travel services group that operates a portfolio of well-known online platforms including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. It offers leisure and business travelers services covering accommodation reservations, flight ticketing, car rentals, vacation packages and restaurant reservations, serving markets across North America, Europe, Asia Pacific and other regions, partnering with millions of travel and hospitality merchants worldwide.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

BKNG vs IPW — Head-to-Head

Bigger by revenue
BKNG
BKNG
528.3× larger
BKNG
$6.3B
$12.0M
IPW
Growing faster (revenue YoY)
BKNG
BKNG
+52.8% gap
BKNG
16.0%
-36.8%
IPW

Income Statement — Q4 2025 vs Q1 2026

Metric
BKNG
BKNG
IPW
IPW
Revenue
$6.3B
$12.0M
Net Profit
Gross Margin
40.0%
Operating Margin
32.0%
-14.1%
Net Margin
Revenue YoY
16.0%
-36.8%
Net Profit YoY
EPS (diluted)
$43.66
$-0.51

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
BKNG
BKNG
IPW
IPW
Q4 25
$6.3B
Q3 25
$9.0B
$12.0M
Q2 25
$6.8B
Q1 25
$4.8B
Q4 24
$5.5B
Q3 24
$8.0B
Q2 24
$5.9B
Q1 24
$4.4B
Gross Margin
BKNG
BKNG
IPW
IPW
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
BKNG
BKNG
IPW
IPW
Q4 25
32.0%
Q3 25
38.7%
-14.1%
Q2 25
33.1%
Q1 25
22.3%
Q4 24
31.6%
Q3 24
39.8%
Q2 24
31.7%
Q1 24
17.9%
EPS (diluted)
BKNG
BKNG
IPW
IPW
Q4 25
$43.66
Q3 25
$84.41
$-0.51
Q2 25
$27.43
Q1 25
$10.07
Q4 24
$31.60
Q3 24
$74.34
Q2 24
$44.38
Q1 24
$22.37

Balance Sheet & Financial Strength

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

Metric
BKNG
BKNG
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$17.2B
$904.0K
Total DebtLower is stronger
$18.7B
Stockholders' EquityBook value
$-5.6B
$17.9M
Total Assets
$29.3B
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKNG
BKNG
IPW
IPW
Q4 25
$17.2B
Q3 25
$16.5B
$904.0K
Q2 25
$17.6B
Q1 25
$15.6B
Q4 24
$16.2B
Q3 24
$15.8B
Q2 24
$16.3B
Q1 24
$16.0B
Total Debt
BKNG
BKNG
IPW
IPW
Q4 25
$18.7B
Q3 25
$17.0B
Q2 25
$18.5B
Q1 25
$16.0B
Q4 24
$16.6B
Q3 24
$16.2B
Q2 24
$16.8B
Q1 24
$16.9B
Stockholders' Equity
BKNG
BKNG
IPW
IPW
Q4 25
$-5.6B
Q3 25
$-4.7B
$17.9M
Q2 25
$-6.7B
Q1 25
$-6.1B
Q4 24
$-4.0B
Q3 24
$-3.7B
Q2 24
$-4.3B
Q1 24
$-4.1B
Total Assets
BKNG
BKNG
IPW
IPW
Q4 25
$29.3B
Q3 25
$28.8B
$28.6M
Q2 25
$30.7B
Q1 25
$27.2B
Q4 24
$27.7B
Q3 24
$28.0B
Q2 24
$28.5B
Q1 24
$27.7B

Cash Flow & Capital Efficiency

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

Metric
BKNG
BKNG
IPW
IPW
Operating Cash FlowLast quarter
$1.5B
$1.7M
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
22.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKNG
BKNG
IPW
IPW
Q4 25
$1.5B
Q3 25
$1.4B
$1.7M
Q2 25
$3.2B
Q1 25
$3.3B
Q4 24
$721.0M
Q3 24
$2.4B
Q2 24
$2.5B
Q1 24
$2.7B
Free Cash Flow
BKNG
BKNG
IPW
IPW
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$3.1B
Q1 25
$3.2B
Q4 24
$645.0M
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.6B
FCF Margin
BKNG
BKNG
IPW
IPW
Q4 25
22.3%
Q3 25
15.2%
Q2 25
46.1%
Q1 25
66.4%
Q4 24
11.8%
Q3 24
28.7%
Q2 24
40.6%
Q1 24
58.3%
Capex Intensity
BKNG
BKNG
IPW
IPW
Q4 25
1.1%
Q3 25
0.7%
Q2 25
0.9%
Q1 25
2.5%
Q4 24
1.4%
Q3 24
1.0%
Q2 24
2.5%
Q1 24
2.9%

Financial Flow Comparison

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

Revenue Breakdown by Segment

BKNG
BKNG

Merchant Revenue$4.2B67%
Agency Revenue$1.8B28%
Advertisingandotherrevenues$309.0M5%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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