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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Organon & Co. (OGN). Click either name above to swap in a different company.
Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $792.0M, roughly 1.9× Global Business Travel Group, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs -13.6%, a 24.1% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -5.3%). Organon & Co. produced more free cash flow last quarter ($96.0M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs -3.6%).
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, ...
Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.
GBTG vs OGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.5B |
| Net Profit | $83.0M | $-205.0M |
| Gross Margin | — | 49.2% |
| Operating Margin | 3.7% | -9.8% |
| Net Margin | 10.5% | -13.6% |
| Revenue YoY | 34.0% | -5.3% |
| Net Profit YoY | 692.9% | -288.1% |
| EPS (diluted) | $0.16 | $-0.78 |
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 | $1.5B | ||
| Q3 25 | $674.0M | $1.6B | ||
| Q2 25 | $631.0M | $1.6B | ||
| Q1 25 | $621.0M | $1.5B | ||
| Q4 24 | $591.0M | $1.6B | ||
| Q3 24 | $597.0M | $1.6B | ||
| Q2 24 | $625.0M | $1.6B | ||
| Q1 24 | $610.0M | $1.6B |
| Q4 25 | $83.0M | $-205.0M | ||
| Q3 25 | $-62.0M | $160.0M | ||
| Q2 25 | $15.0M | $145.0M | ||
| Q1 25 | $75.0M | $87.0M | ||
| Q4 24 | $-14.0M | $109.0M | ||
| Q3 24 | $-128.0M | $359.0M | ||
| Q2 24 | $27.0M | $195.0M | ||
| Q1 24 | $-19.0M | $201.0M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 53.5% | ||
| Q2 25 | — | 54.8% | ||
| Q1 25 | — | 55.6% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.4% | ||
| Q1 24 | — | 59.0% |
| Q4 25 | 3.7% | -9.8% | ||
| Q3 25 | 1.8% | 15.2% | ||
| Q2 25 | 5.4% | 14.4% | ||
| Q1 25 | 8.9% | 6.7% | ||
| Q4 24 | 5.1% | 8.1% | ||
| Q3 24 | 4.5% | 13.1% | ||
| Q2 24 | 6.7% | 14.6% | ||
| Q1 24 | 2.6% | 14.5% |
| Q4 25 | 10.5% | -13.6% | ||
| Q3 25 | -9.2% | 10.0% | ||
| Q2 25 | 2.4% | 9.1% | ||
| Q1 25 | 12.1% | 5.8% | ||
| Q4 24 | -2.4% | 6.8% | ||
| Q3 24 | -21.4% | 22.7% | ||
| Q2 24 | 4.3% | 12.1% | ||
| Q1 24 | -3.1% | 12.4% |
| Q4 25 | $0.16 | $-0.78 | ||
| Q3 25 | $-0.13 | $0.61 | ||
| Q2 25 | $0.03 | $0.56 | ||
| Q1 25 | $0.16 | $0.33 | ||
| Q4 24 | $-0.04 | $0.42 | ||
| Q3 24 | $-0.28 | $1.38 | ||
| Q2 24 | $0.06 | $0.75 | ||
| Q1 24 | $-0.04 | $0.78 |
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 | $574.0M |
| Total DebtLower is stronger | $1.4B | $8.6B |
| Stockholders' EquityBook value | $1.6B | $752.0M |
| Total Assets | $4.9B | $12.9B |
| Debt / EquityLower = less leverage | 0.88× | 11.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $574.0M | ||
| Q3 25 | $427.0M | $672.0M | ||
| Q2 25 | $601.0M | $599.0M | ||
| Q1 25 | $552.0M | $547.0M | ||
| Q4 24 | $536.0M | $675.0M | ||
| Q3 24 | $524.0M | $763.0M | ||
| Q2 24 | $515.0M | $704.0M | ||
| Q1 24 | $475.0M | $575.0M |
| Q4 25 | $1.4B | $8.6B | ||
| Q3 25 | $1.4B | $8.8B | ||
| Q2 25 | $1.4B | $8.9B | ||
| Q1 25 | $1.4B | $9.0B | ||
| Q4 24 | $1.4B | $8.9B | ||
| Q3 24 | $1.4B | $8.7B | ||
| Q2 24 | — | $8.7B | ||
| Q1 24 | — | $8.7B |
| Q4 25 | $1.6B | $752.0M | ||
| Q3 25 | $1.5B | $906.0M | ||
| Q2 25 | $1.2B | $733.0M | ||
| Q1 25 | $1.1B | $542.0M | ||
| Q4 24 | $1.1B | $472.0M | ||
| Q3 24 | $1.1B | $493.0M | ||
| Q2 24 | $1.2B | $144.0M | ||
| Q1 24 | $1.2B | $48.0M |
| Q4 25 | $4.9B | $12.9B | ||
| Q3 25 | $4.8B | $13.6B | ||
| Q2 25 | $3.9B | $13.5B | ||
| Q1 25 | $3.8B | $13.2B | ||
| Q4 24 | $3.6B | $13.1B | ||
| Q3 24 | $3.8B | $12.8B | ||
| Q2 24 | $3.8B | $12.2B | ||
| Q1 24 | $3.8B | $11.9B |
| Q4 25 | 0.88× | 11.49× | ||
| Q3 25 | 0.91× | 9.74× | ||
| Q2 25 | 1.15× | 12.14× | ||
| Q1 25 | 1.23× | 16.52× | ||
| Q4 24 | 1.32× | 18.81× | ||
| Q3 24 | 1.26× | 17.75× | ||
| Q2 24 | — | 60.11× | ||
| Q1 24 | — | 181.54× |
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 | $141.0M |
| Free Cash FlowOCF − Capex | $13.0M | $96.0M |
| FCF MarginFCF / Revenue | 1.6% | 6.4% |
| Capex IntensityCapex / Revenue | 4.9% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $538.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $141.0M | ||
| Q3 25 | $71.0M | $264.0M | ||
| Q2 25 | $57.0M | $220.0M | ||
| Q1 25 | $53.0M | $75.0M | ||
| Q4 24 | $65.0M | $390.0M | ||
| Q3 24 | $85.0M | $141.0M | ||
| Q2 24 | $73.0M | $332.0M | ||
| Q1 24 | $49.0M | $76.0M |
| Q4 25 | $13.0M | $96.0M | ||
| Q3 25 | $38.0M | $218.0M | ||
| Q2 25 | $27.0M | $181.0M | ||
| Q1 25 | $26.0M | $43.0M | ||
| Q4 24 | $33.0M | $335.0M | ||
| Q3 24 | $59.0M | $99.0M | ||
| Q2 24 | $49.0M | $300.0M | ||
| Q1 24 | $24.0M | $30.0M |
| Q4 25 | 1.6% | 6.4% | ||
| Q3 25 | 5.6% | 13.6% | ||
| Q2 25 | 4.3% | 11.4% | ||
| Q1 25 | 4.2% | 2.8% | ||
| Q4 24 | 5.6% | 21.0% | ||
| Q3 24 | 9.9% | 6.3% | ||
| Q2 24 | 7.8% | 18.7% | ||
| Q1 24 | 3.9% | 1.8% |
| Q4 25 | 4.9% | 3.0% | ||
| Q3 25 | 4.9% | 2.9% | ||
| Q2 25 | 4.8% | 2.4% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 5.4% | 3.5% | ||
| Q3 24 | 4.4% | 2.7% | ||
| Q2 24 | 3.8% | 2.0% | ||
| Q1 24 | 4.1% | 2.8% |
| Q4 25 | 0.63× | — | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | 3.80× | 1.52× | ||
| Q1 25 | 0.71× | 0.86× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | 2.70× | 1.70× | ||
| Q1 24 | — | 0.38× |
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% |
OGN
Segment breakdown not available.
