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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $792.0M, roughly 1.1× Global Business Travel Group, Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 10.5%, a 4.0% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 33.9%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 11.1%).
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, ...
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
GBTG vs NXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $909.4M |
| Net Profit | $83.0M | $131.2M |
| Gross Margin | — | 31.7% |
| Operating Margin | 3.7% | 19.4% |
| Net Margin | 10.5% | 14.4% |
| Revenue YoY | 34.0% | 33.9% |
| Net Profit YoY | 692.9% | 13.8% |
| EPS (diluted) | $0.16 | $0.85 |
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 | $909.4M | ||
| Q3 25 | $674.0M | $905.3M | ||
| Q2 25 | $631.0M | $864.3M | ||
| Q1 25 | $621.0M | $924.3M | ||
| Q4 24 | $591.0M | $679.4M | ||
| Q3 24 | $597.0M | $635.6M | ||
| Q2 24 | $625.0M | $719.9M | ||
| Q1 24 | $610.0M | $736.5M |
| Q4 25 | $83.0M | $131.2M | ||
| Q3 25 | $-62.0M | $146.9M | ||
| Q2 25 | $15.0M | $157.2M | ||
| Q1 25 | $75.0M | $156.8M | ||
| Q4 24 | $-14.0M | $115.3M | ||
| Q3 24 | $-128.0M | $115.4M | ||
| Q2 24 | $27.0M | $121.7M | ||
| Q1 24 | $-19.0M | $205.2M |
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 46.2% |
| Q4 25 | 3.7% | 19.4% | ||
| Q3 25 | 1.8% | 20.0% | ||
| Q2 25 | 5.4% | 21.5% | ||
| Q1 25 | 8.9% | 21.1% | ||
| Q4 24 | 5.1% | 22.1% | ||
| Q3 24 | 4.5% | 21.0% | ||
| Q2 24 | 6.7% | 22.2% | ||
| Q1 24 | 2.6% | 36.8% |
| Q4 25 | 10.5% | 14.4% | ||
| Q3 25 | -9.2% | 16.2% | ||
| Q2 25 | 2.4% | 18.2% | ||
| Q1 25 | 12.1% | 17.0% | ||
| Q4 24 | -2.4% | 17.0% | ||
| Q3 24 | -21.4% | 18.2% | ||
| Q2 24 | 4.3% | 16.9% | ||
| Q1 24 | -3.1% | 27.9% |
| Q4 25 | $0.16 | $0.85 | ||
| Q3 25 | $-0.13 | $0.97 | ||
| Q2 25 | $0.03 | $1.04 | ||
| Q1 25 | $0.16 | $1.05 | ||
| Q4 24 | $-0.04 | $0.79 | ||
| Q3 24 | $-0.28 | $0.79 | ||
| Q2 24 | $0.06 | $0.84 | ||
| Q1 24 | $-0.04 | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $1.6B | $2.2B |
| Total Assets | $4.9B | $3.8B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $952.6M | ||
| Q3 25 | $427.0M | $845.3M | ||
| Q2 25 | $601.0M | $743.4M | ||
| Q1 25 | $552.0M | $766.1M | ||
| Q4 24 | $536.0M | $693.5M | ||
| Q3 24 | $524.0M | $561.9M | ||
| Q2 24 | $515.0M | $471.9M | ||
| Q1 24 | $475.0M | $474.1M |
| 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 24 | — | — |
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $961.0M |
| Q4 25 | $4.9B | $3.8B | ||
| Q3 25 | $4.8B | $3.7B | ||
| Q2 25 | $3.9B | $3.4B | ||
| Q1 25 | $3.8B | $3.2B | ||
| Q4 24 | $3.6B | $3.0B | ||
| Q3 24 | $3.8B | $2.8B | ||
| Q2 24 | $3.8B | $2.6B | ||
| Q1 24 | $3.8B | $2.5B |
| 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 | — | — | ||
| Q1 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 | $123.3M |
| Free Cash FlowOCF − Capex | $13.0M | $118.5M |
| FCF MarginFCF / Revenue | 1.6% | 13.0% |
| Capex IntensityCapex / Revenue | 4.9% | 0.5% |
| Cash ConversionOCF / Net Profit | 0.63× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $123.3M | ||
| Q3 25 | $71.0M | $186.9M | ||
| Q2 25 | $57.0M | $81.3M | ||
| Q1 25 | $53.0M | $237.3M | ||
| Q4 24 | $65.0M | $143.8M | ||
| Q3 24 | $85.0M | $153.8M | ||
| Q2 24 | $73.0M | $120.8M | ||
| Q1 24 | $49.0M | $111.5M |
| Q4 25 | $13.0M | $118.5M | ||
| Q3 25 | $38.0M | $171.4M | ||
| Q2 25 | $27.0M | $70.1M | ||
| Q1 25 | $26.0M | $227.2M | ||
| Q4 24 | $33.0M | $134.9M | ||
| Q3 24 | $59.0M | $141.8M | ||
| Q2 24 | $49.0M | $118.0M | ||
| Q1 24 | $24.0M | $109.2M |
| Q4 25 | 1.6% | 13.0% | ||
| Q3 25 | 5.6% | 18.9% | ||
| Q2 25 | 4.3% | 8.1% | ||
| Q1 25 | 4.2% | 24.6% | ||
| Q4 24 | 5.6% | 19.9% | ||
| Q3 24 | 9.9% | 22.3% | ||
| Q2 24 | 7.8% | 16.4% | ||
| Q1 24 | 3.9% | 14.8% |
| Q4 25 | 4.9% | 0.5% | ||
| Q3 25 | 4.9% | 1.7% | ||
| Q2 25 | 4.8% | 1.3% | ||
| Q1 25 | 4.3% | 1.1% | ||
| Q4 24 | 5.4% | 1.3% | ||
| Q3 24 | 4.4% | 1.9% | ||
| Q2 24 | 3.8% | 0.4% | ||
| Q1 24 | 4.1% | 0.3% |
| Q4 25 | 0.63× | 0.94× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | 3.80× | 0.52× | ||
| Q1 25 | 0.71× | 1.51× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 2.70× | 0.99× | ||
| Q1 24 | — | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
