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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($807.0M vs $792.0M, roughly 1.0× Global Business Travel Group, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 2.5%, a 8.0% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 4.0%). 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, ...
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
GBTG vs SBGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $807.0M |
| Net Profit | $83.0M | $20.0M |
| Gross Margin | — | — |
| Operating Margin | 3.7% | 0.0% |
| Net Margin | 10.5% | 2.5% |
| Revenue YoY | 34.0% | 4.0% |
| Net Profit YoY | 692.9% | — |
| EPS (diluted) | $0.16 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | $792.0M | $836.0M | ||
| Q3 25 | $674.0M | $773.0M | ||
| Q2 25 | $631.0M | $784.0M | ||
| Q1 25 | $621.0M | $776.0M | ||
| Q4 24 | $591.0M | $1.0B | ||
| Q3 24 | $597.0M | $917.0M | ||
| Q2 24 | $625.0M | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | $83.0M | $109.0M | ||
| Q3 25 | $-62.0M | $-1.0M | ||
| Q2 25 | $15.0M | $-64.0M | ||
| Q1 25 | $75.0M | $-156.0M | ||
| Q4 24 | $-14.0M | $176.0M | ||
| Q3 24 | $-128.0M | $94.0M | ||
| Q2 24 | $27.0M | $17.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 3.7% | 9.6% | ||
| Q3 25 | 1.8% | 7.5% | ||
| Q2 25 | 5.4% | 2.7% | ||
| Q1 25 | 8.9% | 1.8% | ||
| Q4 24 | 5.1% | 26.5% | ||
| Q3 24 | 4.5% | 19.5% | ||
| Q2 24 | 6.7% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 10.5% | 13.0% | ||
| Q3 25 | -9.2% | -0.1% | ||
| Q2 25 | 2.4% | -8.2% | ||
| Q1 25 | 12.1% | -20.1% | ||
| Q4 24 | -2.4% | 17.5% | ||
| Q3 24 | -21.4% | 10.3% | ||
| Q2 24 | 4.3% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.16 | $1.62 | ||
| Q3 25 | $-0.13 | $-0.02 | ||
| Q2 25 | $0.03 | $-0.91 | ||
| Q1 25 | $0.16 | $-2.30 | ||
| Q4 24 | $-0.04 | $2.64 | ||
| Q3 24 | $-0.28 | $1.43 | ||
| Q2 24 | $0.06 | $0.27 |
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 | $866.0M | ||
| Q3 25 | $427.0M | $526.0M | ||
| Q2 25 | $601.0M | $616.0M | ||
| Q1 25 | $552.0M | $631.0M | ||
| Q4 24 | $536.0M | $697.0M | ||
| Q3 24 | $524.0M | $536.0M | ||
| Q2 24 | $515.0M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $4.4B | ||
| Q3 25 | $1.4B | $4.1B | ||
| Q2 25 | $1.4B | $4.1B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.4B | $4.1B | ||
| Q3 24 | $1.4B | $4.1B | ||
| Q2 24 | — | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $443.0M | ||
| Q3 25 | $1.5B | $347.0M | ||
| Q2 25 | $1.2B | $361.0M | ||
| Q1 25 | $1.1B | $436.0M | ||
| Q4 24 | $1.1B | $583.0M | ||
| Q3 24 | $1.1B | $415.0M | ||
| Q2 24 | $1.2B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $5.9B | ||
| Q3 25 | $4.8B | $5.6B | ||
| Q2 25 | $3.9B | $5.7B | ||
| Q1 25 | $3.8B | $5.8B | ||
| Q4 24 | $3.6B | $5.9B | ||
| Q3 24 | $3.8B | $5.8B | ||
| Q2 24 | $3.8B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | 9.84× | ||
| Q3 25 | 0.91× | 11.75× | ||
| Q2 25 | 1.15× | 11.30× | ||
| Q1 25 | 1.23× | 9.56× | ||
| Q4 24 | 1.32× | 7.02× | ||
| Q3 24 | 1.26× | 9.86× | ||
| Q2 24 | — | 12.08× |
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% | 1.7% |
| 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 | $98.0M | ||
| Q3 25 | $71.0M | $-36.0M | ||
| Q2 25 | $57.0M | $122.0M | ||
| Q1 25 | $53.0M | $5.0M | ||
| Q4 24 | $65.0M | $198.0M | ||
| Q3 24 | $85.0M | $210.0M | ||
| Q2 24 | $73.0M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | $79.0M | ||
| Q3 25 | $38.0M | $-58.0M | ||
| Q2 25 | $27.0M | $105.0M | ||
| Q1 25 | $26.0M | $-11.0M | ||
| Q4 24 | $33.0M | $175.0M | ||
| Q3 24 | $59.0M | $193.0M | ||
| Q2 24 | $49.0M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 9.4% | ||
| Q3 25 | 5.6% | -7.5% | ||
| Q2 25 | 4.3% | 13.4% | ||
| Q1 25 | 4.2% | -1.4% | ||
| Q4 24 | 5.6% | 17.4% | ||
| Q3 24 | 9.9% | 21.0% | ||
| Q2 24 | 7.8% | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | 4.9% | 2.3% | ||
| Q3 25 | 4.9% | 2.8% | ||
| Q2 25 | 4.8% | 2.2% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 5.4% | 2.3% | ||
| Q3 24 | 4.4% | 1.9% | ||
| Q2 24 | 3.8% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 0.90× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | 1.13× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | 2.70× | -18.00× |
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% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
