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Side-by-side financial comparison of AVIS BUDGET GROUP, INC. (CAR) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.7B, roughly 1.2× AVIS BUDGET GROUP, INC.). Molson Coors Beverage Company runs the higher net margin — 7.6% vs -28.0%, a 35.7% gap on every dollar of revenue. On growth, AVIS BUDGET GROUP, INC. posted the faster year-over-year revenue change (-1.7% vs -3.6%). Over the past eight quarters, AVIS BUDGET GROUP, INC.'s revenue compounded faster (2.2% CAGR vs 1.2%).

Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental, Budget Rent a Car, Budget Truck Rental, Payless Car Rental, and Zipcar.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CAR vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.2× larger
TAP
$3.1B
$2.7B
CAR
Growing faster (revenue YoY)
CAR
CAR
+1.9% gap
CAR
-1.7%
-3.6%
TAP
Higher net margin
TAP
TAP
35.7% more per $
TAP
7.6%
-28.0%
CAR
Faster 2-yr revenue CAGR
CAR
CAR
Annualised
CAR
2.2%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CAR
CAR
TAP
TAP
Revenue
$2.7B
$3.1B
Net Profit
$-747.0M
$238.3M
Gross Margin
31.0%
Operating Margin
-27.8%
10.4%
Net Margin
-28.0%
7.6%
Revenue YoY
-1.7%
-3.6%
Net Profit YoY
61.8%
-17.2%
EPS (diluted)
$-21.11
$1.32

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
CAR
CAR
TAP
TAP
Q4 25
$2.7B
$3.1B
Q3 25
$3.5B
$3.5B
Q2 25
$3.0B
$3.7B
Q1 25
$2.4B
$2.7B
Q4 24
$2.7B
$3.2B
Q3 24
$3.5B
$3.6B
Q2 24
$3.0B
$3.8B
Q1 24
$2.6B
$3.0B
Net Profit
CAR
CAR
TAP
TAP
Q4 25
$-747.0M
$238.3M
Q3 25
$359.0M
$-2.9B
Q2 25
$4.0M
$428.7M
Q1 25
$-505.0M
$121.0M
Q4 24
$-2.0B
$287.8M
Q3 24
$237.0M
$199.8M
Q2 24
$14.0M
$427.0M
Q1 24
$-114.0M
$207.8M
Gross Margin
CAR
CAR
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
CAR
CAR
TAP
TAP
Q4 25
-27.8%
10.4%
Q3 25
13.4%
-98.5%
Q2 25
0.5%
15.6%
Q1 25
-27.9%
6.9%
Q4 24
-104.8%
12.0%
Q3 24
9.5%
12.5%
Q2 24
0.9%
15.6%
Q1 24
-5.6%
10.3%
Net Margin
CAR
CAR
TAP
TAP
Q4 25
-28.0%
7.6%
Q3 25
10.2%
-84.0%
Q2 25
0.1%
11.5%
Q1 25
-20.8%
4.5%
Q4 24
-72.3%
8.9%
Q3 24
6.8%
5.5%
Q2 24
0.5%
11.1%
Q1 24
-4.5%
6.8%
EPS (diluted)
CAR
CAR
TAP
TAP
Q4 25
$-21.11
$1.32
Q3 25
$10.11
$-14.79
Q2 25
$0.10
$2.13
Q1 25
$-14.35
$0.59
Q4 24
$-55.08
$1.39
Q3 24
$6.65
$0.96
Q2 24
$0.41
$2.03
Q1 24
$-3.21
$0.97

Balance Sheet & Financial Strength

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

Metric
CAR
CAR
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$519.0M
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$-3.1B
$10.2B
Total Assets
$31.3B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAR
CAR
TAP
TAP
Q4 25
$519.0M
$896.5M
Q3 25
$564.0M
$950.2M
Q2 25
$541.0M
$613.8M
Q1 25
$516.0M
$412.7M
Q4 24
$534.0M
$969.3M
Q3 24
$602.0M
$1.0B
Q2 24
$511.0M
$1.6B
Q1 24
$522.0M
$458.4M
Total Debt
CAR
CAR
TAP
TAP
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Q1 24
$6.2B
Stockholders' Equity
CAR
CAR
TAP
TAP
Q4 25
$-3.1B
$10.2B
Q3 25
$-2.4B
$10.3B
Q2 25
$-2.7B
$13.4B
Q1 25
$-2.8B
$13.1B
Q4 24
$-2.3B
$13.1B
Q3 24
$-238.0M
$13.3B
Q2 24
$-490.0M
$13.2B
Q1 24
$-515.0M
$13.1B
Total Assets
CAR
CAR
TAP
TAP
Q4 25
$31.3B
$22.7B
Q3 25
$32.5B
$22.9B
Q2 25
$32.4B
$26.8B
Q1 25
$29.0B
$25.9B
Q4 24
$29.0B
$26.1B
Q3 24
$32.7B
$26.6B
Q2 24
$33.9B
$27.4B
Q1 24
$33.5B
$26.1B
Debt / Equity
CAR
CAR
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.47×

Cash Flow & Capital Efficiency

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

Metric
CAR
CAR
TAP
TAP
Operating Cash FlowLast quarter
$437.0M
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAR
CAR
TAP
TAP
Q4 25
$437.0M
$540.7M
Q3 25
$1.4B
$616.1M
Q2 25
$837.0M
$718.3M
Q1 25
$619.0M
$-90.7M
Q4 24
$772.0M
$494.5M
Q3 24
$1.3B
$521.2M
Q2 24
$884.0M
$869.2M
Q1 24
$589.0M
$25.4M
Free Cash Flow
CAR
CAR
TAP
TAP
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
Q1 24
$-189.3M
FCF Margin
CAR
CAR
TAP
TAP
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Q1 24
-6.2%
Capex Intensity
CAR
CAR
TAP
TAP
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Q1 24
7.0%
Cash Conversion
CAR
CAR
TAP
TAP
Q4 25
2.27×
Q3 25
3.91×
Q2 25
209.25×
1.68×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
5.37×
2.61×
Q2 24
63.14×
2.04×
Q1 24
0.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAR
CAR

Avis$1.5B57%
Budget$979.0M37%
Other Brands$171.0M6%

TAP
TAP

Segment breakdown not available.

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