vs
Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS 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 4.5%, a 6.0% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 5.0%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 5.3%).
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, ...
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
GBTG vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.4B |
| Net Profit | $83.0M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | 3.7% | 6.9% |
| Net Margin | 10.5% | 4.5% |
| Revenue YoY | 34.0% | 5.0% |
| Net Profit YoY | 692.9% | -14.7% |
| EPS (diluted) | $0.16 | $0.35 |
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 | — | $1.4B | ||
| Q4 25 | $792.0M | $1.4B | ||
| Q3 25 | $674.0M | $1.4B | ||
| Q2 25 | $631.0M | $1.3B | ||
| Q1 25 | $621.0M | $1.4B | ||
| Q4 24 | $591.0M | $1.3B | ||
| Q3 24 | $597.0M | $1.3B | ||
| Q2 24 | $625.0M | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $83.0M | $20.2M | ||
| Q3 25 | $-62.0M | $28.8M | ||
| Q2 25 | $15.0M | $40.6M | ||
| Q1 25 | $75.0M | $56.7M | ||
| Q4 24 | $-14.0M | $-16.1M | ||
| Q3 24 | $-128.0M | $55.6M | ||
| Q2 24 | $27.0M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 3.7% | 4.6% | ||
| Q3 25 | 1.8% | 5.4% | ||
| Q2 25 | 5.4% | 6.5% | ||
| Q1 25 | 8.9% | 8.3% | ||
| Q4 24 | 5.1% | 1.6% | ||
| Q3 24 | 4.5% | 4.3% | ||
| Q2 24 | 6.7% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 10.5% | 1.4% | ||
| Q3 25 | -9.2% | 2.1% | ||
| Q2 25 | 2.4% | 3.0% | ||
| Q1 25 | 12.1% | 4.2% | ||
| Q4 24 | -2.4% | -1.2% | ||
| Q3 24 | -21.4% | 4.4% | ||
| Q2 24 | 4.3% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $0.16 | $0.17 | ||
| Q3 25 | $-0.13 | $0.23 | ||
| Q2 25 | $0.03 | $0.32 | ||
| Q1 25 | $0.16 | $0.44 | ||
| Q4 24 | $-0.04 | $-0.12 | ||
| Q3 24 | $-0.28 | $0.43 | ||
| Q2 24 | $0.06 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $1.4B | $1.8B |
| Stockholders' EquityBook value | $1.6B | $2.1B |
| Total Assets | $4.9B | $6.0B |
| Debt / EquityLower = less leverage | 0.88× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $434.0M | $26.5M | ||
| Q3 25 | $427.0M | $60.1M | ||
| Q2 25 | $601.0M | $52.3M | ||
| Q1 25 | $552.0M | $53.2M | ||
| Q4 24 | $536.0M | $59.7M | ||
| Q3 24 | $524.0M | $191.5M | ||
| Q2 24 | $515.0M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | — | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.2B | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $4.9B | $5.9B | ||
| Q3 25 | $4.8B | $5.7B | ||
| Q2 25 | $3.9B | $5.7B | ||
| Q1 25 | $3.8B | $5.7B | ||
| Q4 24 | $3.6B | $5.6B | ||
| Q3 24 | $3.8B | $8.0B | ||
| Q2 24 | $3.8B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 0.88× | 1.06× | ||
| Q3 25 | 0.91× | 1.03× | ||
| Q2 25 | 1.15× | 1.10× | ||
| Q1 25 | 1.23× | 1.03× | ||
| Q4 24 | 1.32× | 1.01× | ||
| Q3 24 | 1.26× | 1.62× | ||
| Q2 24 | — | 2.54× |
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 | — |
| Free Cash FlowOCF − Capex | $13.0M | — |
| FCF MarginFCF / Revenue | 1.6% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| 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 | $64.3M | ||
| Q3 25 | $71.0M | $175.3M | ||
| Q2 25 | $57.0M | $110.3M | ||
| Q1 25 | $53.0M | $-3.5M | ||
| Q4 24 | $65.0M | $125.4M | ||
| Q3 24 | $85.0M | $181.0M | ||
| Q2 24 | $73.0M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | $5.2M | ||
| Q3 25 | $38.0M | $122.2M | ||
| Q2 25 | $27.0M | $45.6M | ||
| Q1 25 | $26.0M | $-55.8M | ||
| Q4 24 | $33.0M | $62.0M | ||
| Q3 24 | $59.0M | $130.3M | ||
| Q2 24 | $49.0M | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.4% | ||
| Q3 25 | 5.6% | 9.0% | ||
| Q2 25 | 4.3% | 3.4% | ||
| Q1 25 | 4.2% | -4.1% | ||
| Q4 24 | 5.6% | 4.7% | ||
| Q3 24 | 9.9% | 10.2% | ||
| Q2 24 | 7.8% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 4.2% | ||
| Q3 25 | 4.9% | 3.9% | ||
| Q2 25 | 4.8% | 4.8% | ||
| Q1 25 | 4.3% | 3.9% | ||
| Q4 24 | 5.4% | 4.8% | ||
| Q3 24 | 4.4% | 4.0% | ||
| Q2 24 | 3.8% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 3.19× | ||
| Q3 25 | — | 6.09× | ||
| Q2 25 | 3.80× | 2.72× | ||
| Q1 25 | 0.71× | -0.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.25× | ||
| Q2 24 | 2.70× | 3.59× |
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% |
SEM
Segment breakdown not available.
