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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and GUESS INC (GES). 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 $791.4M, roughly 1.0× GUESS INC). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 3.2%, a 7.2% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 7.2%). Global Business Travel Group, Inc. produced more free cash flow last quarter ($13.0M vs $-56.3M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs -5.8%).
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, ...
Guess?, Inc. is an American clothing company, notable for its black-and-white advertisements. It licenses its brand on other fashion accessories, such as watches, jewelry, perfumes, bags and shoes.
GBTG vs GES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $791.4M |
| Net Profit | $83.0M | $25.6M |
| Gross Margin | — | 42.5% |
| Operating Margin | 3.7% | 2.9% |
| Net Margin | 10.5% | 3.2% |
| Revenue YoY | 34.0% | 7.2% |
| Net Profit YoY | 692.9% | 209.6% |
| EPS (diluted) | $0.16 | $0.48 |
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 | $792.0M | $791.4M | ||
| Q3 25 | $674.0M | $772.9M | ||
| Q2 25 | $631.0M | $647.8M | ||
| Q1 25 | $621.0M | $932.3M | ||
| Q4 24 | $591.0M | $738.5M | ||
| Q3 24 | $597.0M | $732.6M | ||
| Q2 24 | $625.0M | $591.9M | ||
| Q1 24 | $610.0M | $891.0M |
| Q4 25 | $83.0M | $25.6M | ||
| Q3 25 | $-62.0M | $6.2M | ||
| Q2 25 | $15.0M | $-32.9M | ||
| Q1 25 | $75.0M | $81.4M | ||
| Q4 24 | $-14.0M | $-23.4M | ||
| Q3 24 | $-128.0M | $-10.6M | ||
| Q2 24 | $27.0M | $13.0M | ||
| Q1 24 | $-19.0M | $115.3M |
| Q4 25 | — | 42.5% | ||
| Q3 25 | — | 42.5% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 43.6% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 3.7% | 2.9% | ||
| Q3 25 | 1.8% | 2.3% | ||
| Q2 25 | 5.4% | -5.1% | ||
| Q1 25 | 8.9% | 11.1% | ||
| Q4 24 | 5.1% | 5.7% | ||
| Q3 24 | 4.5% | 6.5% | ||
| Q2 24 | 6.7% | -3.4% | ||
| Q1 24 | 2.6% | 16.3% |
| Q4 25 | 10.5% | 3.2% | ||
| Q3 25 | -9.2% | 0.8% | ||
| Q2 25 | 2.4% | -5.1% | ||
| Q1 25 | 12.1% | 8.7% | ||
| Q4 24 | -2.4% | -3.2% | ||
| Q3 24 | -21.4% | -1.4% | ||
| Q2 24 | 4.3% | 2.2% | ||
| Q1 24 | -3.1% | 12.9% |
| Q4 25 | $0.16 | $0.48 | ||
| Q3 25 | $-0.13 | $0.12 | ||
| Q2 25 | $0.03 | $-0.65 | ||
| Q1 25 | $0.16 | $1.29 | ||
| Q4 24 | $-0.04 | $-0.47 | ||
| Q3 24 | $-0.28 | $-0.28 | ||
| Q2 24 | $0.06 | $0.23 | ||
| Q1 24 | $-0.04 | $1.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $434.0M | $154.2M |
| Total DebtLower is stronger | $1.4B | $299.5M |
| Stockholders' EquityBook value | $1.6B | $508.5M |
| Total Assets | $4.9B | $3.0B |
| Debt / EquityLower = less leverage | 0.88× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $154.2M | ||
| Q3 25 | $427.0M | $189.6M | ||
| Q2 25 | $601.0M | $151.2M | ||
| Q1 25 | $552.0M | $187.7M | ||
| Q4 24 | $536.0M | $140.9M | ||
| Q3 24 | $524.0M | $218.9M | ||
| Q2 24 | $515.0M | $241.7M | ||
| Q1 24 | $475.0M | $360.3M |
| Q4 25 | $1.4B | $299.5M | ||
| Q3 25 | $1.4B | $258.4M | ||
| Q2 25 | $1.4B | $241.7M | ||
| Q1 25 | $1.4B | $150.7M | ||
| Q4 24 | $1.4B | $238.3M | ||
| Q3 24 | $1.4B | $187.8M | ||
| Q2 24 | — | $196.9M | ||
| Q1 24 | — | $28.2M |
| Q4 25 | $1.6B | $508.5M | ||
| Q3 25 | $1.5B | $487.6M | ||
| Q2 25 | $1.2B | $483.6M | ||
| Q1 25 | $1.1B | $505.0M | ||
| Q4 24 | $1.1B | $450.7M | ||
| Q3 24 | $1.1B | $491.2M | ||
| Q2 24 | $1.2B | $565.5M | ||
| Q1 24 | $1.2B | $684.9M |
| Q4 25 | $4.9B | $3.0B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.6B | $2.8B | ||
| Q3 24 | $3.8B | $2.8B | ||
| Q2 24 | $3.8B | $2.7B | ||
| Q1 24 | $3.8B | $2.6B |
| Q4 25 | 0.88× | 0.59× | ||
| Q3 25 | 0.91× | 0.53× | ||
| Q2 25 | 1.15× | 0.50× | ||
| Q1 25 | 1.23× | 0.30× | ||
| Q4 24 | 1.32× | 0.53× | ||
| Q3 24 | 1.26× | 0.38× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.04× |
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 | $-39.5M |
| Free Cash FlowOCF − Capex | $13.0M | $-56.3M |
| FCF MarginFCF / Revenue | 1.6% | -7.1% |
| Capex IntensityCapex / Revenue | 4.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.63× | -1.54× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $62.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $-39.5M | ||
| Q3 25 | $71.0M | $74.9M | ||
| Q2 25 | $57.0M | $-73.4M | ||
| Q1 25 | $53.0M | $183.2M | ||
| Q4 24 | $65.0M | $-83.3M | ||
| Q3 24 | $85.0M | $44.7M | ||
| Q2 24 | $73.0M | $-22.9M | ||
| Q1 24 | $49.0M | $289.5M |
| Q4 25 | $13.0M | $-56.3M | ||
| Q3 25 | $38.0M | $53.4M | ||
| Q2 25 | $27.0M | $-95.3M | ||
| Q1 25 | $26.0M | $160.7M | ||
| Q4 24 | $33.0M | $-105.4M | ||
| Q3 24 | $59.0M | $24.3M | ||
| Q2 24 | $49.0M | $-44.0M | ||
| Q1 24 | $24.0M | $267.8M |
| Q4 25 | 1.6% | -7.1% | ||
| Q3 25 | 5.6% | 6.9% | ||
| Q2 25 | 4.3% | -14.7% | ||
| Q1 25 | 4.2% | 17.2% | ||
| Q4 24 | 5.6% | -14.3% | ||
| Q3 24 | 9.9% | 3.3% | ||
| Q2 24 | 7.8% | -7.4% | ||
| Q1 24 | 3.9% | 30.1% |
| Q4 25 | 4.9% | 2.1% | ||
| Q3 25 | 4.9% | 2.8% | ||
| Q2 25 | 4.8% | 3.4% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | 5.4% | 3.0% | ||
| Q3 24 | 4.4% | 2.8% | ||
| Q2 24 | 3.8% | 3.6% | ||
| Q1 24 | 4.1% | 2.4% |
| Q4 25 | 0.63× | -1.54× | ||
| Q3 25 | — | 12.00× | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | 2.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | -1.76× | ||
| Q1 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
