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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $792.0M, roughly 1.8× Global Business Travel Group, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 3.1%, a 7.3% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 2.7%).
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, ...
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
GBTG vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.4B |
| Net Profit | $83.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 3.7% | 11.4% |
| Net Margin | 10.5% | 3.1% |
| Revenue YoY | 34.0% | 2.6% |
| Net Profit YoY | 692.9% | 700.0% |
| EPS (diluted) | $0.16 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $674.0M | $1.3B | ||
| Q2 25 | $631.0M | $1.3B | ||
| Q1 25 | $621.0M | $1.3B | ||
| Q4 24 | $591.0M | $1.4B | ||
| Q3 24 | $597.0M | $1.3B | ||
| Q2 24 | $625.0M | $1.3B | ||
| Q1 24 | $610.0M | $1.3B |
| Q4 25 | $83.0M | $43.8M | ||
| Q3 25 | $-62.0M | $255.1M | ||
| Q2 25 | $15.0M | $93.1M | ||
| Q1 25 | $75.0M | $113.5M | ||
| Q4 24 | $-14.0M | $-7.3M | ||
| Q3 24 | $-128.0M | $91.7M | ||
| Q2 24 | $27.0M | $98.3M | ||
| Q1 24 | $-19.0M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 3.7% | 11.4% | ||
| Q3 25 | 1.8% | 13.8% | ||
| Q2 25 | 5.4% | 15.0% | ||
| Q1 25 | 8.9% | 14.5% | ||
| Q4 24 | 5.1% | 11.7% | ||
| Q3 24 | 4.5% | 13.9% | ||
| Q2 24 | 6.7% | 15.4% | ||
| Q1 24 | 2.6% | 14.0% |
| Q4 25 | 10.5% | 3.1% | ||
| Q3 25 | -9.2% | 19.0% | ||
| Q2 25 | 2.4% | 7.0% | ||
| Q1 25 | 12.1% | 9.0% | ||
| Q4 24 | -2.4% | -0.5% | ||
| Q3 24 | -21.4% | 6.9% | ||
| Q2 24 | 4.3% | 7.4% | ||
| Q1 24 | -3.1% | 6.2% |
| Q4 25 | $0.16 | $0.30 | ||
| Q3 25 | $-0.13 | $1.73 | ||
| Q2 25 | $0.03 | $0.63 | ||
| Q1 25 | $0.16 | $0.77 | ||
| Q4 24 | $-0.04 | $-0.05 | ||
| Q3 24 | $-0.28 | $0.63 | ||
| Q2 24 | $0.06 | $0.67 | ||
| Q1 24 | $-0.04 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $1.4B | $3.3B |
| Stockholders' EquityBook value | $1.6B | $1.2B |
| Total Assets | $4.9B | $7.0B |
| Debt / EquityLower = less leverage | 0.88× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $344.0M | ||
| Q3 25 | $427.0M | $282.5M | ||
| Q2 25 | $601.0M | $354.4M | ||
| Q1 25 | $552.0M | $335.2M | ||
| Q4 24 | $536.0M | $371.8M | ||
| Q3 24 | $524.0M | $386.0M | ||
| Q2 24 | $515.0M | $388.6M | ||
| Q1 24 | $475.0M | $352.8M |
| Q4 25 | $1.4B | $3.3B | ||
| Q3 25 | $1.4B | $4.0B | ||
| Q2 25 | $1.4B | $4.0B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.4B | $4.2B | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.2B | $953.1M | ||
| Q1 25 | $1.1B | $797.9M | ||
| Q4 24 | $1.1B | $624.5M | ||
| Q3 24 | $1.1B | $771.2M | ||
| Q2 24 | $1.2B | $650.1M | ||
| Q1 24 | $1.2B | $598.3M |
| Q4 25 | $4.9B | $7.0B | ||
| Q3 25 | $4.8B | $7.1B | ||
| Q2 25 | $3.9B | $7.2B | ||
| Q1 25 | $3.8B | $7.0B | ||
| Q4 24 | $3.6B | $7.0B | ||
| Q3 24 | $3.8B | $7.3B | ||
| Q2 24 | $3.8B | $7.3B | ||
| Q1 24 | $3.8B | $7.2B |
| Q4 25 | 0.88× | 2.65× | ||
| Q3 25 | 0.91× | 3.34× | ||
| Q2 25 | 1.15× | 4.18× | ||
| Q1 25 | 1.23× | 5.26× | ||
| Q4 24 | 1.32× | 6.72× | ||
| Q3 24 | 1.26× | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $13.0M | $257.7M |
| FCF MarginFCF / Revenue | 1.6% | 18.5% |
| Capex IntensityCapex / Revenue | 4.9% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.63× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $293.6M | ||
| Q3 25 | $71.0M | $165.9M | ||
| Q2 25 | $57.0M | $136.6M | ||
| Q1 25 | $53.0M | $31.9M | ||
| Q4 24 | $65.0M | $244.2M | ||
| Q3 24 | $85.0M | $170.5M | ||
| Q2 24 | $73.0M | $188.2M | ||
| Q1 24 | $49.0M | $125.1M |
| Q4 25 | $13.0M | $257.7M | ||
| Q3 25 | $38.0M | $119.6M | ||
| Q2 25 | $27.0M | $93.2M | ||
| Q1 25 | $26.0M | $-12.0M | ||
| Q4 24 | $33.0M | $185.1M | ||
| Q3 24 | $59.0M | $115.2M | ||
| Q2 24 | $49.0M | $129.5M | ||
| Q1 24 | $24.0M | $78.0M |
| Q4 25 | 1.6% | 18.5% | ||
| Q3 25 | 5.6% | 8.9% | ||
| Q2 25 | 4.3% | 7.0% | ||
| Q1 25 | 4.2% | -0.9% | ||
| Q4 24 | 5.6% | 13.6% | ||
| Q3 24 | 9.9% | 8.6% | ||
| Q2 24 | 7.8% | 9.7% | ||
| Q1 24 | 3.9% | 5.9% |
| Q4 25 | 4.9% | 2.6% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 4.8% | 3.3% | ||
| Q1 25 | 4.3% | 3.5% | ||
| Q4 24 | 5.4% | 4.4% | ||
| Q3 24 | 4.4% | 4.1% | ||
| Q2 24 | 3.8% | 4.4% | ||
| Q1 24 | 4.1% | 3.6% |
| Q4 25 | 0.63× | 6.70× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | 3.80× | 1.47× | ||
| Q1 25 | 0.71× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 2.70× | 1.91× | ||
| Q1 24 | — | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
