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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and WARRIOR MET COAL, INC. (HCC). 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 $458.6M, roughly 1.7× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 10.5%, a 5.3% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 34.0%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 7.5%).
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, ...
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
GBTG vs HCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $458.6M |
| Net Profit | $83.0M | $72.3M |
| Gross Margin | — | 36.7% |
| Operating Margin | 3.7% | 17.3% |
| Net Margin | 10.5% | 15.8% |
| Revenue YoY | 34.0% | 52.1% |
| Net Profit YoY | 692.9% | — |
| EPS (diluted) | $0.16 | $1.37 |
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.
| Q1 26 | — | $458.6M | ||
| Q4 25 | $792.0M | $384.0M | ||
| Q3 25 | $674.0M | $328.6M | ||
| Q2 25 | $631.0M | $297.5M | ||
| Q1 25 | $621.0M | $299.9M | ||
| Q4 24 | $591.0M | $297.5M | ||
| Q3 24 | $597.0M | $327.7M | ||
| Q2 24 | $625.0M | $396.5M |
| Q1 26 | — | $72.3M | ||
| Q4 25 | $83.0M | $23.0M | ||
| Q3 25 | $-62.0M | $36.6M | ||
| Q2 25 | $15.0M | $5.6M | ||
| Q1 25 | $75.0M | $-8.2M | ||
| Q4 24 | $-14.0M | $1.1M | ||
| Q3 24 | $-128.0M | $41.8M | ||
| Q2 24 | $27.0M | $70.7M |
| Q1 26 | — | 36.7% | ||
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 3.7% | 9.0% | ||
| Q3 25 | 1.8% | 6.3% | ||
| Q2 25 | 5.4% | 2.6% | ||
| Q1 25 | 8.9% | -5.8% | ||
| Q4 24 | 5.1% | -1.4% | ||
| Q3 24 | 4.5% | 11.9% | ||
| Q2 24 | 6.7% | 17.9% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | 10.5% | 6.0% | ||
| Q3 25 | -9.2% | 11.1% | ||
| Q2 25 | 2.4% | 1.9% | ||
| Q1 25 | 12.1% | -2.7% | ||
| Q4 24 | -2.4% | 0.4% | ||
| Q3 24 | -21.4% | 12.7% | ||
| Q2 24 | 4.3% | 17.8% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | $0.16 | $0.43 | ||
| Q3 25 | $-0.13 | $0.70 | ||
| Q2 25 | $0.03 | $0.11 | ||
| Q1 25 | $0.16 | $-0.16 | ||
| Q4 24 | $-0.04 | $0.02 | ||
| Q3 24 | $-0.28 | $0.80 | ||
| Q2 24 | $0.06 | $1.35 |
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 | $233.2M |
| Total DebtLower is stronger | $1.4B | $154.4M |
| Stockholders' EquityBook value | $1.6B | — |
| Total Assets | $4.9B | $2.8B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $233.2M | ||
| Q4 25 | $434.0M | $300.0M | ||
| Q3 25 | $427.0M | $336.3M | ||
| Q2 25 | $601.0M | $383.3M | ||
| Q1 25 | $552.0M | $454.9M | ||
| Q4 24 | $536.0M | $491.5M | ||
| Q3 24 | $524.0M | $583.2M | ||
| Q2 24 | $515.0M | $709.0M |
| Q1 26 | — | $154.4M | ||
| Q4 25 | $1.4B | $154.3M | ||
| Q3 25 | $1.4B | $154.1M | ||
| Q2 25 | $1.4B | $153.9M | ||
| Q1 25 | $1.4B | $153.8M | ||
| Q4 24 | $1.4B | $153.6M | ||
| Q3 24 | $1.4B | $153.5M | ||
| Q2 24 | — | $153.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.2B | $2.0B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $4.8B | $2.7B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.8B | $2.6B | ||
| Q4 24 | $3.6B | $2.6B | ||
| Q3 24 | $3.8B | $2.6B | ||
| Q2 24 | $3.8B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | 0.07× | ||
| Q3 25 | 0.91× | 0.07× | ||
| Q2 25 | 1.15× | 0.07× | ||
| Q1 25 | 1.23× | 0.07× | ||
| Q4 24 | 1.32× | 0.07× | ||
| Q3 24 | 1.26× | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | — |
| Free Cash FlowOCF − Capex | $13.0M | — |
| FCF MarginFCF / Revenue | 1.6% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $52.0M | $76.1M | ||
| Q3 25 | $71.0M | $104.7M | ||
| Q2 25 | $57.0M | $37.5M | ||
| Q1 25 | $53.0M | $10.9M | ||
| Q4 24 | $65.0M | $54.2M | ||
| Q3 24 | $85.0M | $62.2M | ||
| Q2 24 | $73.0M | $147.0M |
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | — | ||
| Q3 25 | $38.0M | — | ||
| Q2 25 | $27.0M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $59.0M | — | ||
| Q2 24 | $49.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 7.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 3.31× | ||
| Q3 25 | — | 2.86× | ||
| Q2 25 | 3.80× | 6.70× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | 47.68× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | 2.70× | 2.08× |
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% |
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
