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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Mid-America Apartment Communities (MAA). 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 $553.7M, roughly 1.4× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 34.0%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 0.7%).
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, ...
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
GBTG vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $553.7M |
| Net Profit | $83.0M | — |
| Gross Margin | — | — |
| Operating Margin | 3.7% | — |
| Net Margin | 10.5% | — |
| Revenue YoY | 34.0% | 438.7% |
| Net Profit YoY | 692.9% | — |
| EPS (diluted) | $0.16 | $4.34 |
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 | — | $553.7M | ||
| Q4 25 | $792.0M | $555.6M | ||
| Q3 25 | $674.0M | $554.4M | ||
| Q2 25 | $631.0M | $549.9M | ||
| Q1 25 | $621.0M | $549.3M | ||
| Q4 24 | $591.0M | $549.8M | ||
| Q3 24 | $597.0M | $551.1M | ||
| Q2 24 | $625.0M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $83.0M | $57.6M | ||
| Q3 25 | $-62.0M | $99.5M | ||
| Q2 25 | $15.0M | $108.1M | ||
| Q1 25 | $75.0M | $181.7M | ||
| Q4 24 | $-14.0M | $166.6M | ||
| Q3 24 | $-128.0M | $115.2M | ||
| Q2 24 | $27.0M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 10.4% | ||
| Q3 25 | 1.8% | 18.7% | ||
| Q2 25 | 5.4% | 20.2% | ||
| Q1 25 | 8.9% | 34.0% | ||
| Q4 24 | 5.1% | 31.3% | ||
| Q3 24 | 4.5% | 21.5% | ||
| Q2 24 | 6.7% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 10.4% | ||
| Q3 25 | -9.2% | 18.0% | ||
| Q2 25 | 2.4% | 19.7% | ||
| Q1 25 | 12.1% | 33.1% | ||
| Q4 24 | -2.4% | 30.3% | ||
| Q3 24 | -21.4% | 20.9% | ||
| Q2 24 | 4.3% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $0.16 | $0.48 | ||
| Q3 25 | $-0.13 | $0.84 | ||
| Q2 25 | $0.03 | $0.92 | ||
| Q1 25 | $0.16 | $1.54 | ||
| Q4 24 | $-0.04 | $1.43 | ||
| Q3 24 | $-0.28 | $0.98 | ||
| Q2 24 | $0.06 | $0.86 |
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 | — |
| Stockholders' EquityBook value | $1.6B | — |
| Total Assets | $4.9B | — |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $434.0M | $60.3M | ||
| Q3 25 | $427.0M | $32.2M | ||
| Q2 25 | $601.0M | $54.5M | ||
| Q1 25 | $552.0M | $55.8M | ||
| Q4 24 | $536.0M | $43.0M | ||
| Q3 24 | $524.0M | $50.2M | ||
| Q2 24 | $515.0M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $5.7B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.2B | $5.9B | ||
| Q1 25 | $1.1B | $5.9B | ||
| Q4 24 | $1.1B | $5.9B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $1.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $12.0B | ||
| Q3 25 | $4.8B | $11.9B | ||
| Q2 25 | $3.9B | $11.8B | ||
| Q1 25 | $3.8B | $11.8B | ||
| Q4 24 | $3.6B | $11.8B | ||
| Q3 24 | $3.8B | $11.8B | ||
| Q2 24 | $3.8B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | — | — |
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 | $261.7M | ||
| Q3 25 | $71.0M | $266.4M | ||
| Q2 25 | $57.0M | $353.4M | ||
| Q1 25 | $53.0M | $196.6M | ||
| Q4 24 | $65.0M | $239.1M | ||
| Q3 24 | $85.0M | $309.5M | ||
| Q2 24 | $73.0M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | $158.6M | ||
| Q3 25 | $38.0M | $170.8M | ||
| Q2 25 | $27.0M | $264.5M | ||
| Q1 25 | $26.0M | $124.0M | ||
| Q4 24 | $33.0M | $152.6M | ||
| Q3 24 | $59.0M | $215.5M | ||
| Q2 24 | $49.0M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 28.5% | ||
| Q3 25 | 5.6% | 30.8% | ||
| Q2 25 | 4.3% | 48.1% | ||
| Q1 25 | 4.2% | 22.6% | ||
| Q4 24 | 5.6% | 27.8% | ||
| Q3 24 | 9.9% | 39.1% | ||
| Q2 24 | 7.8% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 18.6% | ||
| Q3 25 | 4.9% | 17.2% | ||
| Q2 25 | 4.8% | 16.2% | ||
| Q1 25 | 4.3% | 13.2% | ||
| Q4 24 | 5.4% | 15.7% | ||
| Q3 24 | 4.4% | 17.1% | ||
| Q2 24 | 3.8% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 4.55× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | 3.80× | 3.27× | ||
| Q1 25 | 0.71× | 1.08× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | 2.70× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
