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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and SCANSOURCE, INC. (SCSC). 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 $766.5M, roughly 1.0× SCANSOURCE, INC.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 2.2%, a 8.3% 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%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 0.9%).
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, ...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
GBTG vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $766.5M |
| Net Profit | $83.0M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 3.7% | 2.3% |
| Net Margin | 10.5% | 2.2% |
| Revenue YoY | 34.0% | 2.5% |
| Net Profit YoY | 692.9% | -3.3% |
| EPS (diluted) | $0.16 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $674.0M | $739.6M | ||
| Q2 25 | $631.0M | $812.9M | ||
| Q1 25 | $621.0M | $704.8M | ||
| Q4 24 | $591.0M | $747.5M | ||
| Q3 24 | $597.0M | $775.6M | ||
| Q2 24 | $625.0M | $746.1M | ||
| Q1 24 | $610.0M | $752.6M |
| Q4 25 | $83.0M | $16.5M | ||
| Q3 25 | $-62.0M | $19.9M | ||
| Q2 25 | $15.0M | $20.1M | ||
| Q1 25 | $75.0M | $17.4M | ||
| Q4 24 | $-14.0M | $17.1M | ||
| Q3 24 | $-128.0M | $17.0M | ||
| Q2 24 | $27.0M | $16.1M | ||
| Q1 24 | $-19.0M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 3.7% | 2.3% | ||
| Q3 25 | 1.8% | 3.5% | ||
| Q2 25 | 5.4% | 3.3% | ||
| Q1 25 | 8.9% | 3.2% | ||
| Q4 24 | 5.1% | 2.5% | ||
| Q3 24 | 4.5% | 2.3% | ||
| Q2 24 | 6.7% | 2.9% | ||
| Q1 24 | 2.6% | 2.3% |
| Q4 25 | 10.5% | 2.2% | ||
| Q3 25 | -9.2% | 2.7% | ||
| Q2 25 | 2.4% | 2.5% | ||
| Q1 25 | 12.1% | 2.5% | ||
| Q4 24 | -2.4% | 2.3% | ||
| Q3 24 | -21.4% | 2.2% | ||
| Q2 24 | 4.3% | 2.2% | ||
| Q1 24 | -3.1% | 1.7% |
| Q4 25 | $0.16 | $0.75 | ||
| Q3 25 | $-0.13 | $0.89 | ||
| Q2 25 | $0.03 | $0.87 | ||
| Q1 25 | $0.16 | $0.74 | ||
| Q4 24 | $-0.04 | $0.70 | ||
| Q3 24 | $-0.28 | $0.69 | ||
| Q2 24 | $0.06 | $0.66 | ||
| Q1 24 | $-0.04 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $1.6B | $910.9M |
| Total Assets | $4.9B | $1.7B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $83.5M | ||
| Q3 25 | $427.0M | $124.9M | ||
| Q2 25 | $601.0M | $126.2M | ||
| Q1 25 | $552.0M | $146.3M | ||
| Q4 24 | $536.0M | $110.5M | ||
| Q3 24 | $524.0M | $145.0M | ||
| Q2 24 | $515.0M | $185.5M | ||
| Q1 24 | $475.0M | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $1.5B | $914.0M | ||
| Q2 25 | $1.2B | $906.4M | ||
| Q1 25 | $1.1B | $901.7M | ||
| Q4 24 | $1.1B | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.2B | $924.3M | ||
| Q1 24 | $1.2B | $944.1M |
| Q4 25 | $4.9B | $1.7B | ||
| Q3 25 | $4.8B | $1.7B | ||
| Q2 25 | $3.9B | $1.8B | ||
| Q1 25 | $3.8B | $1.7B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.8B | $1.8B | ||
| Q2 24 | $3.8B | $1.8B | ||
| Q1 24 | $3.8B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $13.0M | $28.9M |
| FCF MarginFCF / Revenue | 1.6% | 3.8% |
| Capex IntensityCapex / Revenue | 4.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.63× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $30.8M | ||
| Q3 25 | $71.0M | $23.2M | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $53.0M | $66.1M | ||
| Q4 24 | $65.0M | $-6.2M | ||
| Q3 24 | $85.0M | $44.8M | ||
| Q2 24 | $73.0M | — | ||
| Q1 24 | $49.0M | $160.2M |
| Q4 25 | $13.0M | $28.9M | ||
| Q3 25 | $38.0M | $20.8M | ||
| Q2 25 | $27.0M | — | ||
| Q1 25 | $26.0M | $64.6M | ||
| Q4 24 | $33.0M | $-8.2M | ||
| Q3 24 | $59.0M | $42.5M | ||
| Q2 24 | $49.0M | — | ||
| Q1 24 | $24.0M | $157.7M |
| Q4 25 | 1.6% | 3.8% | ||
| Q3 25 | 5.6% | 2.8% | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.2% | 9.2% | ||
| Q4 24 | 5.6% | -1.1% | ||
| Q3 24 | 9.9% | 5.5% | ||
| Q2 24 | 7.8% | — | ||
| Q1 24 | 3.9% | 21.0% |
| Q4 25 | 4.9% | 0.3% | ||
| Q3 25 | 4.9% | 0.3% | ||
| Q2 25 | 4.8% | 0.3% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 5.4% | 0.3% | ||
| Q3 24 | 4.4% | 0.3% | ||
| Q2 24 | 3.8% | 0.2% | ||
| Q1 24 | 4.1% | 0.3% |
| Q4 25 | 0.63× | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 3.80× | — | ||
| Q1 25 | 0.71× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | 2.70× | — | ||
| Q1 24 | — | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
