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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Quanex Building Products CORP (NX). 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 $495.3M, roughly 1.6× Quanex Building Products CORP). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs -55.7%, a 66.2% gap on every dollar of revenue. On growth, Quanex Building Products CORP posted the faster year-over-year revenue change (76.7% vs 34.0%). Quanex Building Products CORP produced more free cash flow last quarter ($46.2M vs $13.0M). Over the past eight quarters, Quanex Building Products CORP's revenue compounded faster (29.5% 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, ...

Quanex Building Products Corporation is a leading manufacturer of engineered building components and materials. Its core offerings include insulating glass spacers, window and door systems, and cabinet furniture components, serving residential and commercial construction markets across North America and Europe, with a focus on energy-efficient, sustainable building solutions.

GBTG vs NX — Head-to-Head

Bigger by revenue
GBTG
GBTG
1.6× larger
GBTG
$792.0M
$495.3M
NX
Growing faster (revenue YoY)
NX
NX
+42.7% gap
NX
76.7%
34.0%
GBTG
Higher net margin
GBTG
GBTG
66.2% more per $
GBTG
10.5%
-55.7%
NX
More free cash flow
NX
NX
$33.2M more FCF
NX
$46.2M
$13.0M
GBTG
Faster 2-yr revenue CAGR
NX
NX
Annualised
NX
29.5%
13.9%
GBTG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GBTG
GBTG
NX
NX
Revenue
$792.0M
$495.3M
Net Profit
$83.0M
$-276.0M
Gross Margin
27.9%
Operating Margin
3.7%
-54.7%
Net Margin
10.5%
-55.7%
Revenue YoY
34.0%
76.7%
Net Profit YoY
692.9%
-1188.8%
EPS (diluted)
$0.16
$-6.04

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.

Revenue
GBTG
GBTG
NX
NX
Q4 25
$792.0M
Q3 25
$674.0M
$495.3M
Q2 25
$631.0M
$452.5M
Q1 25
$621.0M
$400.0M
Q4 24
$591.0M
$492.2M
Q3 24
$597.0M
$280.3M
Q2 24
$625.0M
$266.2M
Q1 24
$610.0M
$239.2M
Net Profit
GBTG
GBTG
NX
NX
Q4 25
$83.0M
Q3 25
$-62.0M
$-276.0M
Q2 25
$15.0M
$20.5M
Q1 25
$75.0M
$-14.9M
Q4 24
$-14.0M
$-13.9M
Q3 24
$-128.0M
$25.4M
Q2 24
$27.0M
$15.4M
Q1 24
$-19.0M
$6.2M
Gross Margin
GBTG
GBTG
NX
NX
Q4 25
Q3 25
27.9%
Q2 25
29.0%
Q1 25
23.1%
Q4 24
Q3 24
25.3%
Q2 24
24.9%
Q1 24
21.5%
Operating Margin
GBTG
GBTG
NX
NX
Q4 25
3.7%
Q3 25
1.8%
-54.7%
Q2 25
5.4%
9.0%
Q1 25
8.9%
-1.7%
Q4 24
5.1%
0.6%
Q3 24
4.5%
8.4%
Q2 24
6.7%
7.8%
Q1 24
2.6%
3.3%
Net Margin
GBTG
GBTG
NX
NX
Q4 25
10.5%
Q3 25
-9.2%
-55.7%
Q2 25
2.4%
4.5%
Q1 25
12.1%
-3.7%
Q4 24
-2.4%
-2.8%
Q3 24
-21.4%
9.0%
Q2 24
4.3%
5.8%
Q1 24
-3.1%
2.6%
EPS (diluted)
GBTG
GBTG
NX
NX
Q4 25
$0.16
Q3 25
$-0.13
$-6.04
Q2 25
$0.03
$0.44
Q1 25
$0.16
$-0.32
Q4 24
$-0.04
$-0.52
Q3 24
$-0.28
$0.77
Q2 24
$0.06
$0.46
Q1 24
$-0.04
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GBTG
GBTG
NX
NX
Cash + ST InvestmentsLiquidity on hand
$434.0M
$66.3M
Total DebtLower is stronger
$1.4B
$695.6M
Stockholders' EquityBook value
$1.6B
$717.4M
Total Assets
$4.9B
$2.0B
Debt / EquityLower = less leverage
0.88×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBTG
GBTG
NX
NX
Q4 25
$434.0M
Q3 25
$427.0M
$66.3M
Q2 25
$601.0M
$62.6M
Q1 25
$552.0M
$50.0M
Q4 24
$536.0M
$97.7M
Q3 24
$524.0M
$94.0M
Q2 24
$515.0M
$56.1M
Q1 24
$475.0M
$44.4M
Total Debt
GBTG
GBTG
NX
NX
Q4 25
$1.4B
Q3 25
$1.4B
$695.6M
Q2 25
$1.4B
$746.4M
Q1 25
$1.4B
$725.2M
Q4 24
$1.4B
$737.2M
Q3 24
$1.4B
$51.4M
Q2 24
$51.5M
Q1 24
$61.6M
Stockholders' Equity
GBTG
GBTG
NX
NX
Q4 25
$1.6B
Q3 25
$1.5B
$717.4M
Q2 25
$1.2B
$1.0B
Q1 25
$1.1B
$972.1M
Q4 24
$1.1B
$1.0B
Q3 24
$1.1B
$594.1M
Q2 24
$1.2B
$566.1M
Q1 24
$1.2B
$555.0M
Total Assets
GBTG
GBTG
NX
NX
Q4 25
$4.9B
Q3 25
$4.8B
$2.0B
Q2 25
$3.9B
$2.3B
Q1 25
$3.8B
$2.2B
Q4 24
$3.6B
$2.3B
Q3 24
$3.8B
$872.5M
Q2 24
$3.8B
$837.2M
Q1 24
$3.8B
$813.4M
Debt / Equity
GBTG
GBTG
NX
NX
Q4 25
0.88×
Q3 25
0.91×
0.97×
Q2 25
1.15×
0.75×
Q1 25
1.23×
0.75×
Q4 24
1.32×
0.73×
Q3 24
1.26×
0.09×
Q2 24
0.09×
Q1 24
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GBTG
GBTG
NX
NX
Operating Cash FlowLast quarter
$52.0M
$60.7M
Free Cash FlowOCF − Capex
$13.0M
$46.2M
FCF MarginFCF / Revenue
1.6%
9.3%
Capex IntensityCapex / Revenue
4.9%
2.9%
Cash ConversionOCF / Net Profit
0.63×
TTM Free Cash FlowTrailing 4 quarters
$104.0M
$27.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GBTG
GBTG
NX
NX
Q4 25
$52.0M
Q3 25
$71.0M
$60.7M
Q2 25
$57.0M
$28.5M
Q1 25
$53.0M
$-12.5M
Q4 24
$65.0M
$5.5M
Q3 24
$85.0M
$46.4M
Q2 24
$73.0M
$33.1M
Q1 24
$49.0M
$3.9M
Free Cash Flow
GBTG
GBTG
NX
NX
Q4 25
$13.0M
Q3 25
$38.0M
$46.2M
Q2 25
$27.0M
$13.6M
Q1 25
$26.0M
$-24.1M
Q4 24
$33.0M
$-8.2M
Q3 24
$59.0M
$40.1M
Q2 24
$49.0M
$25.5M
Q1 24
$24.0M
$-5.7M
FCF Margin
GBTG
GBTG
NX
NX
Q4 25
1.6%
Q3 25
5.6%
9.3%
Q2 25
4.3%
3.0%
Q1 25
4.2%
-6.0%
Q4 24
5.6%
-1.7%
Q3 24
9.9%
14.3%
Q2 24
7.8%
9.6%
Q1 24
3.9%
-2.4%
Capex Intensity
GBTG
GBTG
NX
NX
Q4 25
4.9%
Q3 25
4.9%
2.9%
Q2 25
4.8%
3.3%
Q1 25
4.3%
2.9%
Q4 24
5.4%
2.8%
Q3 24
4.4%
2.2%
Q2 24
3.8%
2.9%
Q1 24
4.1%
4.0%
Cash Conversion
GBTG
GBTG
NX
NX
Q4 25
0.63×
Q3 25
Q2 25
3.80×
1.39×
Q1 25
0.71×
Q4 24
Q3 24
1.83×
Q2 24
2.70×
2.15×
Q1 24
0.62×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GBTG
GBTG

Travel$620.0M78%
Other$172.0M22%

NX
NX

Window And Door Hardware$150.3M30%
Screens$76.8M16%
Window Profiles$68.2M14%
Spacers$54.7M11%
Wood Solutions$53.4M11%
Seals And Gaskets$29.9M6%
Access Solutions$27.4M6%
Mixing Solution$21.5M4%
Solar$5.3M1%
Product Type Other$3.3M1%

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