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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $792.0M, roughly 1.2× Global Business Travel Group, Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 10.5%, a 12.8% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 13.9%).
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, ...
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
GBTG vs NJR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $939.4M |
| Net Profit | $83.0M | $218.9M |
| Gross Margin | — | — |
| Operating Margin | 3.7% | 32.0% |
| Net Margin | 10.5% | 23.3% |
| Revenue YoY | 34.0% | -33.0% |
| Net Profit YoY | 692.9% | 7.2% |
| EPS (diluted) | $0.16 | $2.16 |
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 | — | $939.4M | ||
| Q4 25 | $792.0M | $440.9M | ||
| Q3 25 | $674.0M | $188.3M | ||
| Q2 25 | $631.0M | $234.8M | ||
| Q1 25 | $621.0M | $569.2M | ||
| Q4 24 | $591.0M | $359.0M | ||
| Q3 24 | $597.0M | $265.7M | ||
| Q2 24 | $625.0M | $209.9M |
| Q1 26 | — | $218.9M | ||
| Q4 25 | $83.0M | $122.5M | ||
| Q3 25 | $-62.0M | $15.1M | ||
| Q2 25 | $15.0M | $-15.1M | ||
| Q1 25 | $75.0M | $204.3M | ||
| Q4 24 | $-14.0M | $131.3M | ||
| Q3 24 | $-128.0M | $91.1M | ||
| Q2 24 | $27.0M | $-11.6M |
| Q1 26 | — | 32.0% | ||
| Q4 25 | 3.7% | 40.6% | ||
| Q3 25 | 1.8% | 21.5% | ||
| Q2 25 | 5.4% | -0.5% | ||
| Q1 25 | 8.9% | 49.2% | ||
| Q4 24 | 5.1% | 52.8% | ||
| Q3 24 | 4.5% | 55.0% | ||
| Q2 24 | 6.7% | 2.8% |
| Q1 26 | — | 23.3% | ||
| Q4 25 | 10.5% | 27.8% | ||
| Q3 25 | -9.2% | 8.0% | ||
| Q2 25 | 2.4% | -6.4% | ||
| Q1 25 | 12.1% | 35.9% | ||
| Q4 24 | -2.4% | 36.6% | ||
| Q3 24 | -21.4% | 34.3% | ||
| Q2 24 | 4.3% | -5.5% |
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.16 | $1.21 | ||
| Q3 25 | $-0.13 | $0.15 | ||
| Q2 25 | $0.03 | $-0.15 | ||
| Q1 25 | $0.16 | $2.02 | ||
| Q4 24 | $-0.04 | $1.31 | ||
| Q3 24 | $-0.28 | $0.91 | ||
| Q2 24 | $0.06 | $-0.12 |
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 | $2.4M | ||
| Q3 25 | $427.0M | $591.0K | ||
| Q2 25 | $601.0M | $931.0K | ||
| Q1 25 | $552.0M | $83.7M | ||
| Q4 24 | $536.0M | $1.9M | ||
| Q3 24 | $524.0M | $1.0M | ||
| Q2 24 | $515.0M | $22.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $3.3B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $1.4B | $3.0B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.5B | $2.4B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.2B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $7.9B | ||
| Q3 25 | $4.8B | $7.6B | ||
| Q2 25 | $3.9B | $7.3B | ||
| Q1 25 | $3.8B | $7.3B | ||
| Q4 24 | $3.6B | $7.2B | ||
| Q3 24 | $3.8B | $7.0B | ||
| Q2 24 | $3.8B | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | 1.32× | ||
| Q3 25 | 0.91× | 1.36× | ||
| Q2 25 | 1.15× | 1.25× | ||
| Q1 25 | 1.23× | 1.20× | ||
| Q4 24 | 1.32× | 1.29× | ||
| Q3 24 | 1.26× | 1.31× | ||
| Q2 24 | — | 1.30× |
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 | $26.7M | ||
| Q3 25 | $71.0M | $81.2M | ||
| Q2 25 | $57.0M | $-28.9M | ||
| Q1 25 | $53.0M | $423.0M | ||
| Q4 24 | $65.0M | $-9.0M | ||
| Q3 24 | $85.0M | $64.5M | ||
| Q2 24 | $73.0M | $24.3M |
| 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× | 0.22× | ||
| Q3 25 | — | 5.39× | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | 2.07× | ||
| Q4 24 | — | -0.07× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | 2.70× | — |
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% |
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
