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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
PERRIGO Co plc is the larger business by last-quarter revenue ($1.1B vs $792.0M, roughly 1.4× Global Business Travel Group, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs -127.8%, a 138.3% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -2.5%). PERRIGO Co plc produced more free cash flow last quarter ($148.6M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 1.3%).
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, ...
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
GBTG vs PRGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.1B |
| Net Profit | $83.0M | $-1.4B |
| Gross Margin | — | 32.6% |
| Operating Margin | 3.7% | -116.0% |
| Net Margin | 10.5% | -127.8% |
| Revenue YoY | 34.0% | -2.5% |
| Net Profit YoY | 692.9% | -3093.9% |
| EPS (diluted) | $0.16 | $-10.23 |
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 | $1.1B | ||
| Q3 25 | $674.0M | $1.0B | ||
| Q2 25 | $631.0M | $1.1B | ||
| Q1 25 | $621.0M | $1.0B | ||
| Q4 24 | $591.0M | $1.1B | ||
| Q3 24 | $597.0M | $1.1B | ||
| Q2 24 | $625.0M | $1.1B | ||
| Q1 24 | $610.0M | $1.1B |
| Q4 25 | $83.0M | $-1.4B | ||
| Q3 25 | $-62.0M | $7.5M | ||
| Q2 25 | $15.0M | $-8.4M | ||
| Q1 25 | $75.0M | $-6.4M | ||
| Q4 24 | $-14.0M | $-44.4M | ||
| Q3 24 | $-128.0M | $-21.0M | ||
| Q2 24 | $27.0M | $-108.4M | ||
| Q1 24 | $-19.0M | $2.0M |
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 36.1% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 37.6% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 37.2% | ||
| Q2 24 | — | 37.0% | ||
| Q1 24 | — | 33.1% |
| Q4 25 | 3.7% | -116.0% | ||
| Q3 25 | 1.8% | 7.0% | ||
| Q2 25 | 5.4% | 4.3% | ||
| Q1 25 | 8.9% | 4.5% | ||
| Q4 24 | 5.1% | 10.0% | ||
| Q3 24 | 4.5% | 7.4% | ||
| Q2 24 | 6.7% | -2.5% | ||
| Q1 24 | 2.6% | -5.1% |
| Q4 25 | 10.5% | -127.8% | ||
| Q3 25 | -9.2% | 0.7% | ||
| Q2 25 | 2.4% | -0.8% | ||
| Q1 25 | 12.1% | -0.6% | ||
| Q4 24 | -2.4% | -3.9% | ||
| Q3 24 | -21.4% | -1.9% | ||
| Q2 24 | 4.3% | -10.2% | ||
| Q1 24 | -3.1% | 0.2% |
| Q4 25 | $0.16 | $-10.23 | ||
| Q3 25 | $-0.13 | $0.05 | ||
| Q2 25 | $0.03 | $-0.06 | ||
| Q1 25 | $0.16 | $-0.05 | ||
| Q4 24 | $-0.04 | $-0.32 | ||
| Q3 24 | $-0.28 | $-0.15 | ||
| Q2 24 | $0.06 | $-0.79 | ||
| Q1 24 | $-0.04 | $0.01 |
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 | $2.9B |
| Total Assets | $4.9B | $8.5B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | — | ||
| Q3 25 | $427.0M | $432.1M | ||
| Q2 25 | $601.0M | $454.2M | ||
| Q1 25 | $552.0M | $409.9M | ||
| Q4 24 | $536.0M | $558.8M | ||
| Q3 24 | $524.0M | $1.5B | ||
| Q2 24 | $515.0M | $542.8M | ||
| Q1 24 | $475.0M | $658.5M |
| 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 | $2.9B | ||
| Q3 25 | $1.5B | $4.4B | ||
| Q2 25 | $1.2B | $4.5B | ||
| Q1 25 | $1.1B | $4.4B | ||
| Q4 24 | $1.1B | $4.3B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.2B | $4.5B | ||
| Q1 24 | $1.2B | $4.7B |
| Q4 25 | $4.9B | $8.5B | ||
| Q3 25 | $4.8B | $10.1B | ||
| Q2 25 | $3.9B | $10.1B | ||
| Q1 25 | $3.8B | $9.8B | ||
| Q4 24 | $3.6B | $9.6B | ||
| Q3 24 | $3.8B | $11.2B | ||
| Q2 24 | $3.8B | $10.4B | ||
| Q1 24 | $3.8B | $10.6B |
| 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 | $175.4M |
| Free Cash FlowOCF − Capex | $13.0M | $148.6M |
| FCF MarginFCF / Revenue | 1.6% | 13.4% |
| Capex IntensityCapex / Revenue | 4.9% | 2.4% |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $175.4M | ||
| Q3 25 | $71.0M | $51.7M | ||
| Q2 25 | $57.0M | $75.9M | ||
| Q1 25 | $53.0M | $-64.5M | ||
| Q4 24 | $65.0M | $312.6M | ||
| Q3 24 | $85.0M | $42.2M | ||
| Q2 24 | $73.0M | $9.5M | ||
| Q1 24 | $49.0M | $-1.4M |
| Q4 25 | $13.0M | $148.6M | ||
| Q3 25 | $38.0M | $29.8M | ||
| Q2 25 | $27.0M | $56.7M | ||
| Q1 25 | $26.0M | $-90.0M | ||
| Q4 24 | $33.0M | $274.9M | ||
| Q3 24 | $59.0M | $15.1M | ||
| Q2 24 | $49.0M | $-18.9M | ||
| Q1 24 | $24.0M | $-26.5M |
| Q4 25 | 1.6% | 13.4% | ||
| Q3 25 | 5.6% | 2.9% | ||
| Q2 25 | 4.3% | 5.4% | ||
| Q1 25 | 4.2% | -8.6% | ||
| Q4 24 | 5.6% | 24.2% | ||
| Q3 24 | 9.9% | 1.4% | ||
| Q2 24 | 7.8% | -1.8% | ||
| Q1 24 | 3.9% | -2.4% |
| Q4 25 | 4.9% | 2.4% | ||
| Q3 25 | 4.9% | 2.1% | ||
| Q2 25 | 4.8% | 1.8% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | 5.4% | 3.3% | ||
| Q3 24 | 4.4% | 2.5% | ||
| Q2 24 | 3.8% | 2.7% | ||
| Q1 24 | 4.1% | 2.3% |
| Q4 25 | 0.63× | — | ||
| Q3 25 | — | 6.89× | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | — | ||
| Q1 24 | — | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
