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Side-by-side financial comparison of Booking Holdings (BKNG) and Ralph Lauren Corporation (RL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Booking Holdings is the larger business by last-quarter revenue ($6.3B vs $2.4B, roughly 2.6× Ralph Lauren Corporation). On growth, Booking Holdings posted the faster year-over-year revenue change (16.0% vs 12.2%). Booking Holdings produced more free cash flow last quarter ($1.4B vs $704.0M). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% CAGR vs 19.9%).
Booking may refer to:Making an appointment for a meeting or gathering, as part of event planning/scheduling The intake or admission process into a prison or psychiatric facility Booking (manhwa), a Korean comics anthology magazine published by Haksan Booking, the laying out of the plot before a professional wrestling match An accounting system a.k.a.
Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.
BKNG vs RL — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $6.3B | $2.4B |
| Net Profit | — | $361.6M |
| Gross Margin | — | 69.9% |
| Operating Margin | 32.0% | 19.6% |
| Net Margin | — | 15.0% |
| Revenue YoY | 16.0% | 12.2% |
| Net Profit YoY | — | 21.6% |
| EPS (diluted) | $43.66 | $5.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $6.3B | $2.4B | ||
| Q3 25 | $9.0B | $2.0B | ||
| Q2 25 | $6.8B | $1.7B | ||
| Q1 25 | $4.8B | $1.7B | ||
| Q4 24 | $5.5B | $2.1B | ||
| Q3 24 | $8.0B | $1.7B | ||
| Q2 24 | $5.9B | $1.5B | ||
| Q1 24 | $4.4B | $1.6B |
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $207.5M | ||
| Q2 25 | — | $220.4M | ||
| Q1 25 | — | $129.0M | ||
| Q4 24 | — | $297.4M | ||
| Q3 24 | — | $147.9M | ||
| Q2 24 | — | $168.6M | ||
| Q1 24 | — | $90.7M |
| Q4 25 | — | 69.9% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 70.5% | ||
| Q1 24 | — | 66.6% |
| Q4 25 | 32.0% | 19.6% | ||
| Q3 25 | 38.7% | 12.2% | ||
| Q2 25 | 33.1% | 15.9% | ||
| Q1 25 | 22.3% | 9.1% | ||
| Q4 24 | 31.6% | 18.2% | ||
| Q3 24 | 39.8% | 10.4% | ||
| Q2 24 | 31.7% | 13.8% | ||
| Q1 24 | 17.9% | 6.9% |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | $43.66 | $5.82 | ||
| Q3 25 | $84.41 | $3.32 | ||
| Q2 25 | $27.43 | $3.52 | ||
| Q1 25 | $10.07 | $2.03 | ||
| Q4 24 | $31.60 | $4.66 | ||
| Q3 24 | $74.34 | $2.31 | ||
| Q2 24 | $44.38 | $2.61 | ||
| Q1 24 | $22.37 | $1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $17.2B | $2.3B |
| Total DebtLower is stronger | $18.7B | — |
| Stockholders' EquityBook value | $-5.6B | $2.9B |
| Total Assets | $29.3B | $7.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $17.2B | $2.3B | ||
| Q3 25 | $16.5B | $1.6B | ||
| Q2 25 | $17.6B | $2.3B | ||
| Q1 25 | $15.6B | $2.1B | ||
| Q4 24 | $16.2B | $2.1B | ||
| Q3 24 | $15.8B | $1.7B | ||
| Q2 24 | $16.3B | $1.8B | ||
| Q1 24 | $16.0B | $1.8B |
| 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 | — |
| Q4 25 | $-5.6B | $2.9B | ||
| Q3 25 | $-4.7B | $2.6B | ||
| Q2 25 | $-6.7B | $2.5B | ||
| Q1 25 | $-6.1B | $2.6B | ||
| Q4 24 | $-4.0B | $2.5B | ||
| Q3 24 | $-3.7B | $2.4B | ||
| Q2 24 | $-4.3B | $2.4B | ||
| Q1 24 | $-4.1B | $2.5B |
| Q4 25 | $29.3B | $7.8B | ||
| Q3 25 | $28.8B | $7.3B | ||
| Q2 25 | $30.7B | $7.8B | ||
| Q1 25 | $27.2B | $7.0B | ||
| Q4 24 | $27.7B | $7.1B | ||
| Q3 24 | $28.0B | $6.8B | ||
| Q2 24 | $28.5B | $6.6B | ||
| Q1 24 | $27.7B | $6.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $779.6M |
| Free Cash FlowOCF − Capex | $1.4B | $704.0M |
| FCF MarginFCF / Revenue | 22.3% | 29.3% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 1.1% | 3.1% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $9.1B | $694.5M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.5B | $779.6M | ||
| Q3 25 | $1.4B | $53.2M | ||
| Q2 25 | $3.2B | $176.1M | ||
| Q1 25 | $3.3B | $122.2M | ||
| Q4 24 | $721.0M | $738.4M | ||
| Q3 24 | $2.4B | $97.2M | ||
| Q2 24 | $2.5B | $277.3M | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $1.4B | $704.0M | ||
| Q3 25 | $1.4B | $-40.6M | ||
| Q2 25 | $3.1B | $-11.2M | ||
| Q1 25 | $3.2B | $42.3M | ||
| Q4 24 | $645.0M | $677.2M | ||
| Q3 24 | $2.3B | $55.5M | ||
| Q2 24 | $2.4B | $243.9M | ||
| Q1 24 | $2.6B | — |
| Q4 25 | 22.3% | 29.3% | ||
| Q3 25 | 15.2% | -2.0% | ||
| Q2 25 | 46.1% | -0.7% | ||
| Q1 25 | 66.4% | 2.5% | ||
| Q4 24 | 11.8% | 31.6% | ||
| Q3 24 | 28.7% | 3.2% | ||
| Q2 24 | 40.6% | 16.1% | ||
| Q1 24 | 58.3% | — |
| Q4 25 | 1.1% | 3.1% | ||
| Q3 25 | 0.7% | 4.7% | ||
| Q2 25 | 0.9% | 10.9% | ||
| Q1 25 | 2.5% | 4.7% | ||
| Q4 24 | 1.4% | 2.9% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 2.9% | — |
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 1.64× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
BKNG
| Merchant Revenue | $4.2B | 67% |
| Agency Revenue | $1.8B | 28% |
| Advertisingandotherrevenues | $309.0M | 5% |
RL
Segment breakdown not available.
