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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Koppers Holdings Inc. (KOP). 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 $432.7M, roughly 1.8× Koppers Holdings Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 6.9%, a 3.6% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -9.3%). Koppers Holdings Inc. produced more free cash flow last quarter ($28.5M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs -6.7%).
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, ...
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
GBTG vs KOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $432.7M |
| Net Profit | $83.0M | $29.7M |
| Gross Margin | — | 25.6% |
| Operating Margin | 3.7% | 11.5% |
| Net Margin | 10.5% | 6.9% |
| Revenue YoY | 34.0% | -9.3% |
| Net Profit YoY | 692.9% | 391.2% |
| EPS (diluted) | $0.16 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $674.0M | $485.3M | ||
| Q2 25 | $631.0M | $504.8M | ||
| Q1 25 | $621.0M | $456.5M | ||
| Q4 24 | $591.0M | $477.0M | ||
| Q3 24 | $597.0M | $554.3M | ||
| Q2 24 | $625.0M | $563.2M | ||
| Q1 24 | $610.0M | $497.6M |
| Q4 25 | $83.0M | $29.7M | ||
| Q3 25 | $-62.0M | $23.8M | ||
| Q2 25 | $15.0M | $16.4M | ||
| Q1 25 | $75.0M | $-13.9M | ||
| Q4 24 | $-14.0M | $-10.2M | ||
| Q3 24 | $-128.0M | $22.8M | ||
| Q2 24 | $27.0M | $26.8M | ||
| Q1 24 | $-19.0M | $13.0M |
| Q4 25 | — | 25.6% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 21.6% | ||
| Q1 24 | — | 19.3% |
| Q4 25 | 3.7% | 11.5% | ||
| Q3 25 | 1.8% | 10.7% | ||
| Q2 25 | 5.4% | 7.7% | ||
| Q1 25 | 8.9% | 5.9% | ||
| Q4 24 | 5.1% | 1.3% | ||
| Q3 24 | 4.5% | 9.0% | ||
| Q2 24 | 6.7% | 10.2% | ||
| Q1 24 | 2.6% | 7.0% |
| Q4 25 | 10.5% | 6.9% | ||
| Q3 25 | -9.2% | 4.9% | ||
| Q2 25 | 2.4% | 3.2% | ||
| Q1 25 | 12.1% | -3.0% | ||
| Q4 24 | -2.4% | -2.1% | ||
| Q3 24 | -21.4% | 4.1% | ||
| Q2 24 | 4.3% | 4.8% | ||
| Q1 24 | -3.1% | 2.6% |
| Q4 25 | $0.16 | $1.44 | ||
| Q3 25 | $-0.13 | $1.17 | ||
| Q2 25 | $0.03 | $0.81 | ||
| Q1 25 | $0.16 | $-0.68 | ||
| Q4 24 | $-0.04 | $-0.47 | ||
| Q3 24 | $-0.28 | $1.09 | ||
| Q2 24 | $0.06 | $1.25 | ||
| Q1 24 | $-0.04 | $0.59 |
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 | — |
| Total DebtLower is stronger | $1.4B | $928.3M |
| Stockholders' EquityBook value | $1.6B | $574.0M |
| Total Assets | $4.9B | $1.9B |
| Debt / EquityLower = less leverage | 0.88× | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | — | ||
| Q3 25 | $427.0M | — | ||
| Q2 25 | $601.0M | — | ||
| Q1 25 | $552.0M | — | ||
| Q4 24 | $536.0M | — | ||
| Q3 24 | $524.0M | — | ||
| Q2 24 | $515.0M | — | ||
| Q1 24 | $475.0M | — |
| Q4 25 | $1.4B | $928.3M | ||
| Q3 25 | $1.4B | $932.9M | ||
| Q2 25 | $1.4B | $977.5M | ||
| Q1 25 | $1.4B | $989.0M | ||
| Q4 24 | $1.4B | $939.5M | ||
| Q3 24 | $1.4B | $989.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $877.6M |
| Q4 25 | $1.6B | $574.0M | ||
| Q3 25 | $1.5B | $545.6M | ||
| Q2 25 | $1.2B | $526.8M | ||
| Q1 25 | $1.1B | $498.0M | ||
| Q4 24 | $1.1B | $488.7M | ||
| Q3 24 | $1.1B | $532.3M | ||
| Q2 24 | $1.2B | $509.2M | ||
| Q1 24 | $1.2B | $505.8M |
| Q4 25 | $4.9B | $1.9B | ||
| Q3 25 | $4.8B | $1.9B | ||
| Q2 25 | $3.9B | $1.9B | ||
| Q1 25 | $3.8B | $1.9B | ||
| Q4 24 | $3.6B | $1.9B | ||
| Q3 24 | $3.8B | $2.0B | ||
| Q2 24 | $3.8B | $1.9B | ||
| Q1 24 | $3.8B | $1.8B |
| Q4 25 | 0.88× | 1.62× | ||
| Q3 25 | 0.91× | 1.71× | ||
| Q2 25 | 1.15× | 1.86× | ||
| Q1 25 | 1.23× | 1.99× | ||
| Q4 24 | 1.32× | 1.92× | ||
| Q3 24 | 1.26× | 1.86× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.74× |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $13.0M | $28.5M |
| FCF MarginFCF / Revenue | 1.6% | 6.6% |
| Capex IntensityCapex / Revenue | 4.9% | 3.8% |
| Cash ConversionOCF / Net Profit | 0.63× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $45.1M | ||
| Q3 25 | $71.0M | $49.6M | ||
| Q2 25 | $57.0M | $50.5M | ||
| Q1 25 | $53.0M | $-22.7M | ||
| Q4 24 | $65.0M | $74.7M | ||
| Q3 24 | $85.0M | $29.8M | ||
| Q2 24 | $73.0M | $27.2M | ||
| Q1 24 | $49.0M | $-12.3M |
| Q4 25 | $13.0M | $28.5M | ||
| Q3 25 | $38.0M | $37.6M | ||
| Q2 25 | $27.0M | $38.4M | ||
| Q1 25 | $26.0M | $-37.0M | ||
| Q4 24 | $33.0M | $56.1M | ||
| Q3 24 | $59.0M | $14.4M | ||
| Q2 24 | $49.0M | $10.1M | ||
| Q1 24 | $24.0M | $-38.6M |
| Q4 25 | 1.6% | 6.6% | ||
| Q3 25 | 5.6% | 7.7% | ||
| Q2 25 | 4.3% | 7.6% | ||
| Q1 25 | 4.2% | -8.1% | ||
| Q4 24 | 5.6% | 11.8% | ||
| Q3 24 | 9.9% | 2.6% | ||
| Q2 24 | 7.8% | 1.8% | ||
| Q1 24 | 3.9% | -7.8% |
| Q4 25 | 4.9% | 3.8% | ||
| Q3 25 | 4.9% | 2.5% | ||
| Q2 25 | 4.8% | 2.4% | ||
| Q1 25 | 4.3% | 3.1% | ||
| Q4 24 | 5.4% | 3.9% | ||
| Q3 24 | 4.4% | 2.8% | ||
| Q2 24 | 3.8% | 3.0% | ||
| Q1 24 | 4.1% | 5.3% |
| Q4 25 | 0.63× | 1.52× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | 3.80× | 3.08× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 2.70× | 1.01× | ||
| Q1 24 | — | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
