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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Microchip Technology (MCHP). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $792.0M, roughly 1.7× Global Business Travel Group, Inc.). Microchip Technology runs the higher net margin — 11.0% vs 10.5%, a 0.5% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -72.2%). Microchip Technology produced more free cash flow last quarter ($242.8M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 2.8%).
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, ...
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
GBTG vs MCHP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.3B |
| Net Profit | $83.0M | $144.2M |
| Gross Margin | — | 61.0% |
| Operating Margin | 3.7% | 16.6% |
| Net Margin | 10.5% | 11.0% |
| Revenue YoY | 34.0% | -72.2% |
| Net Profit YoY | 692.9% | 8.9% |
| EPS (diluted) | $0.16 | $0.21 |
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 | — | $1.3B | ||
| Q4 25 | $792.0M | $1.2B | ||
| Q3 25 | $674.0M | $1.1B | ||
| Q2 25 | $631.0M | $1.1B | ||
| Q1 25 | $621.0M | $970.5M | ||
| Q4 24 | $591.0M | $1.0B | ||
| Q3 24 | $597.0M | $1.2B | ||
| Q2 24 | $625.0M | $1.2B |
| Q1 26 | — | $144.2M | ||
| Q4 25 | $83.0M | $62.7M | ||
| Q3 25 | $-62.0M | $41.7M | ||
| Q2 25 | $15.0M | $-18.6M | ||
| Q1 25 | $75.0M | $-154.6M | ||
| Q4 24 | $-14.0M | $-53.6M | ||
| Q3 24 | $-128.0M | $78.4M | ||
| Q2 24 | $27.0M | $129.3M |
| Q1 26 | — | 61.0% | ||
| Q4 25 | — | 59.6% | ||
| Q3 25 | — | 55.9% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 51.6% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 57.4% | ||
| Q2 24 | — | 59.4% |
| Q1 26 | — | 16.6% | ||
| Q4 25 | 3.7% | 12.8% | ||
| Q3 25 | 1.8% | 7.8% | ||
| Q2 25 | 5.4% | 3.0% | ||
| Q1 25 | 8.9% | -10.3% | ||
| Q4 24 | 5.1% | 3.0% | ||
| Q3 24 | 4.5% | 12.6% | ||
| Q2 24 | 6.7% | 17.7% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 10.5% | 5.3% | ||
| Q3 25 | -9.2% | 3.7% | ||
| Q2 25 | 2.4% | -1.7% | ||
| Q1 25 | 12.1% | -15.9% | ||
| Q4 24 | -2.4% | -5.2% | ||
| Q3 24 | -21.4% | 6.7% | ||
| Q2 24 | 4.3% | 10.4% |
| Q1 26 | — | $0.21 | ||
| Q4 25 | $0.16 | $0.06 | ||
| Q3 25 | $-0.13 | $0.03 | ||
| Q2 25 | $0.03 | $-0.09 | ||
| Q1 25 | $0.16 | $-0.29 | ||
| Q4 24 | $-0.04 | $-0.10 | ||
| Q3 24 | $-0.28 | $0.14 | ||
| Q2 24 | $0.06 | $0.24 |
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 | $240.3M |
| Total DebtLower is stronger | $1.4B | $5.5B |
| Stockholders' EquityBook value | $1.6B | $6.4B |
| Total Assets | $4.9B | $14.4B |
| Debt / EquityLower = less leverage | 0.88× | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $240.3M | ||
| Q4 25 | $434.0M | $250.7M | ||
| Q3 25 | $427.0M | $236.8M | ||
| Q2 25 | $601.0M | $566.5M | ||
| Q1 25 | $552.0M | $771.7M | ||
| Q4 24 | $536.0M | $586.0M | ||
| Q3 24 | $524.0M | $286.1M | ||
| Q2 24 | $515.0M | $315.1M |
| Q1 26 | — | $5.5B | ||
| Q4 25 | $1.4B | $5.4B | ||
| Q3 25 | $1.4B | $5.4B | ||
| Q2 25 | $1.4B | $5.5B | ||
| Q1 25 | $1.4B | $5.6B | ||
| Q4 24 | $1.4B | $6.7B | ||
| Q3 24 | $1.4B | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $1.6B | $6.6B | ||
| Q3 25 | $1.5B | $6.7B | ||
| Q2 25 | $1.2B | $6.9B | ||
| Q1 25 | $1.1B | $7.1B | ||
| Q4 24 | $1.1B | $6.0B | ||
| Q3 24 | $1.1B | $6.3B | ||
| Q2 24 | $1.2B | $6.4B |
| Q1 26 | — | $14.4B | ||
| Q4 25 | $4.9B | $14.3B | ||
| Q3 25 | $4.8B | $14.5B | ||
| Q2 25 | $3.9B | $15.0B | ||
| Q1 25 | $3.8B | $15.4B | ||
| Q4 24 | $3.6B | $15.6B | ||
| Q3 24 | $3.8B | $15.6B | ||
| Q2 24 | $3.8B | $15.8B |
| Q1 26 | — | 0.85× | ||
| Q4 25 | 0.88× | 0.82× | ||
| Q3 25 | 0.91× | 0.80× | ||
| Q2 25 | 1.15× | 0.80× | ||
| Q1 25 | 1.23× | 0.80× | ||
| Q4 24 | 1.32× | 1.12× | ||
| Q3 24 | 1.26× | 1.02× | ||
| Q2 24 | — | 0.96× |
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 | $242.8M |
| FCF MarginFCF / Revenue | 1.6% | 18.5% |
| Capex IntensityCapex / Revenue | 4.9% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $871.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $52.0M | $341.4M | ||
| Q3 25 | $71.0M | $88.1M | ||
| Q2 25 | $57.0M | $275.6M | ||
| Q1 25 | $53.0M | $205.9M | ||
| Q4 24 | $65.0M | $271.5M | ||
| Q3 24 | $85.0M | $43.6M | ||
| Q2 24 | $73.0M | $377.1M |
| Q1 26 | — | $242.8M | ||
| Q4 25 | $13.0M | $318.9M | ||
| Q3 25 | $38.0M | $51.6M | ||
| Q2 25 | $27.0M | $257.7M | ||
| Q1 25 | $26.0M | $191.7M | ||
| Q4 24 | $33.0M | $253.4M | ||
| Q3 24 | $59.0M | $22.8M | ||
| Q2 24 | $49.0M | $304.2M |
| Q1 26 | — | 18.5% | ||
| Q4 25 | 1.6% | 26.9% | ||
| Q3 25 | 5.6% | 4.5% | ||
| Q2 25 | 4.3% | 24.0% | ||
| Q1 25 | 4.2% | 19.8% | ||
| Q4 24 | 5.6% | 24.7% | ||
| Q3 24 | 9.9% | 2.0% | ||
| Q2 24 | 7.8% | 24.5% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 4.9% | 1.9% | ||
| Q3 25 | 4.9% | 3.2% | ||
| Q2 25 | 4.8% | 1.7% | ||
| Q1 25 | 4.3% | 1.5% | ||
| Q4 24 | 5.4% | 1.8% | ||
| Q3 24 | 4.4% | 1.8% | ||
| Q2 24 | 3.8% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 5.44× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | 2.70× | 2.92× |
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% |
MCHP
Segment breakdown not available.
