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

Booking Holdings is the larger business by last-quarter revenue ($6.3B vs $853.2M, roughly 7.4× Kontoor Brands, Inc.). On growth, Kontoor Brands, Inc. posted the faster year-over-year revenue change (27.3% vs 16.0%). Booking Holdings produced more free cash flow last quarter ($1.4B vs $55.8M). Over the past eight quarters, Booking Holdings's revenue compounded faster (19.9% CAGR vs 14.2%).

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.

Kontoor Brands is an American clothing company. It was a spin off from the VF Corporation in May 2019, and markets clothing under the Lee, Wrangler and Helly Hansen brand names.

BKNG vs KTB — Head-to-Head

Bigger by revenue
BKNG
BKNG
7.4× larger
BKNG
$6.3B
$853.2M
KTB
Growing faster (revenue YoY)
KTB
KTB
+11.3% gap
KTB
27.3%
16.0%
BKNG
More free cash flow
BKNG
BKNG
$1.4B more FCF
BKNG
$1.4B
$55.8M
KTB
Faster 2-yr revenue CAGR
BKNG
BKNG
Annualised
BKNG
19.9%
14.2%
KTB

Income Statement — Q4 2025 vs Q3 2025

Metric
BKNG
BKNG
KTB
KTB
Revenue
$6.3B
$853.2M
Net Profit
$36.9M
Gross Margin
41.3%
Operating Margin
32.0%
7.5%
Net Margin
4.3%
Revenue YoY
16.0%
27.3%
Net Profit YoY
-47.6%
EPS (diluted)
$43.66
$0.66

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
KTB
KTB
Q4 25
$6.3B
Q3 25
$9.0B
$853.2M
Q2 25
$6.8B
$658.3M
Q1 25
$4.8B
$622.9M
Q4 24
$5.5B
$699.3M
Q3 24
$8.0B
$670.2M
Q2 24
$5.9B
$606.9M
Q1 24
$4.4B
$631.2M
Net Profit
BKNG
BKNG
KTB
KTB
Q4 25
Q3 25
$36.9M
Q2 25
$73.9M
Q1 25
$42.9M
Q4 24
$64.0M
Q3 24
$70.5M
Q2 24
$51.8M
Q1 24
$59.5M
Gross Margin
BKNG
BKNG
KTB
KTB
Q4 25
Q3 25
41.3%
Q2 25
46.3%
Q1 25
47.5%
Q4 24
43.7%
Q3 24
44.7%
Q2 24
44.7%
Q1 24
45.2%
Operating Margin
BKNG
BKNG
KTB
KTB
Q4 25
32.0%
Q3 25
38.7%
7.5%
Q2 25
33.1%
11.9%
Q1 25
22.3%
11.8%
Q4 24
31.6%
12.1%
Q3 24
39.8%
14.7%
Q2 24
31.7%
12.4%
Q1 24
17.9%
13.4%
Net Margin
BKNG
BKNG
KTB
KTB
Q4 25
Q3 25
4.3%
Q2 25
11.2%
Q1 25
6.9%
Q4 24
9.1%
Q3 24
10.5%
Q2 24
8.5%
Q1 24
9.4%
EPS (diluted)
BKNG
BKNG
KTB
KTB
Q4 25
$43.66
Q3 25
$84.41
$0.66
Q2 25
$27.43
$1.32
Q1 25
$10.07
$0.76
Q4 24
$31.60
$1.13
Q3 24
$74.34
$1.26
Q2 24
$44.38
$0.92
Q1 24
$22.37
$1.05

Balance Sheet & Financial Strength

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

Metric
BKNG
BKNG
KTB
KTB
Cash + ST InvestmentsLiquidity on hand
$17.2B
$82.4M
Total DebtLower is stronger
$18.7B
$1.3B
Stockholders' EquityBook value
$-5.6B
$529.6M
Total Assets
$29.3B
$2.9B
Debt / EquityLower = less leverage
2.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKNG
BKNG
KTB
KTB
Q4 25
$17.2B
Q3 25
$16.5B
$82.4M
Q2 25
$17.6B
$107.5M
Q1 25
$15.6B
$356.7M
Q4 24
$16.2B
$334.1M
Q3 24
$15.8B
$269.4M
Q2 24
$16.3B
$224.3M
Q1 24
$16.0B
$215.1M
Total Debt
BKNG
BKNG
KTB
KTB
Q4 25
$18.7B
Q3 25
$17.0B
$1.3B
Q2 25
$18.5B
$1.4B
Q1 25
$16.0B
$735.6M
Q4 24
$16.6B
$740.3M
Q3 24
$16.2B
$745.0M
Q2 24
$16.8B
$749.7M
Q1 24
$16.9B
$779.2M
Stockholders' Equity
BKNG
BKNG
KTB
KTB
Q4 25
$-5.6B
Q3 25
$-4.7B
$529.6M
Q2 25
$-6.7B
$498.3M
Q1 25
$-6.1B
$426.7M
Q4 24
$-4.0B
$400.1M
Q3 24
$-3.7B
$356.9M
Q2 24
$-4.3B
$367.2M
Q1 24
$-4.1B
$387.2M
Total Assets
BKNG
BKNG
KTB
KTB
Q4 25
$29.3B
Q3 25
$28.8B
$2.9B
Q2 25
$30.7B
$2.7B
Q1 25
$27.2B
$1.7B
Q4 24
$27.7B
$1.7B
Q3 24
$28.0B
$1.7B
Q2 24
$28.5B
$1.6B
Q1 24
$27.7B
$1.7B
Debt / Equity
BKNG
BKNG
KTB
KTB
Q4 25
Q3 25
2.53×
Q2 25
2.74×
Q1 25
1.72×
Q4 24
1.85×
Q3 24
2.09×
Q2 24
2.04×
Q1 24
2.01×

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
KTB
KTB
Operating Cash FlowLast quarter
$1.5B
$64.1M
Free Cash FlowOCF − Capex
$1.4B
$55.8M
FCF MarginFCF / Revenue
22.3%
6.5%
Capex IntensityCapex / Revenue
1.1%
1.0%
Cash ConversionOCF / Net Profit
1.74×
TTM Free Cash FlowTrailing 4 quarters
$9.1B
$228.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKNG
BKNG
KTB
KTB
Q4 25
$1.5B
Q3 25
$1.4B
$64.1M
Q2 25
$3.2B
$25.7M
Q1 25
$3.3B
$77.6M
Q4 24
$721.0M
$82.0M
Q3 24
$2.4B
$133.6M
Q2 24
$2.5B
$96.2M
Q1 24
$2.7B
$56.5M
Free Cash Flow
BKNG
BKNG
KTB
KTB
Q4 25
$1.4B
Q3 25
$1.4B
$55.8M
Q2 25
$3.1B
$22.4M
Q1 25
$3.2B
$74.9M
Q4 24
$645.0M
$75.0M
Q3 24
$2.3B
$129.9M
Q2 24
$2.4B
$92.6M
Q1 24
$2.6B
$52.0M
FCF Margin
BKNG
BKNG
KTB
KTB
Q4 25
22.3%
Q3 25
15.2%
6.5%
Q2 25
46.1%
3.4%
Q1 25
66.4%
12.0%
Q4 24
11.8%
10.7%
Q3 24
28.7%
19.4%
Q2 24
40.6%
15.3%
Q1 24
58.3%
8.2%
Capex Intensity
BKNG
BKNG
KTB
KTB
Q4 25
1.1%
Q3 25
0.7%
1.0%
Q2 25
0.9%
0.5%
Q1 25
2.5%
0.4%
Q4 24
1.4%
1.0%
Q3 24
1.0%
0.6%
Q2 24
2.5%
0.6%
Q1 24
2.9%
0.7%
Cash Conversion
BKNG
BKNG
KTB
KTB
Q4 25
Q3 25
1.74×
Q2 25
0.35×
Q1 25
1.81×
Q4 24
1.28×
Q3 24
1.89×
Q2 24
1.86×
Q1 24
0.95×

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%

KTB
KTB

International Member$292.0M34%
CTC Triangle B.V$192.7M23%
Lee Segment$186.7M22%
Helly Hansen Segment$185.9M22%

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