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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and TripAdvisor, Inc. (TRIP). 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 $411.0M, roughly 1.9× TripAdvisor, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs -9.2%, a 19.7% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 0.0%). Global Business Travel Group, Inc. produced more free cash flow last quarter ($13.0M vs $-122.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 2.0%).
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, ...
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
GBTG vs TRIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $411.0M |
| Net Profit | $83.0M | $-38.0M |
| Gross Margin | — | 91.5% |
| Operating Margin | 3.7% | -8.3% |
| Net Margin | 10.5% | -9.2% |
| Revenue YoY | 34.0% | 0.0% |
| Net Profit YoY | 692.9% | -3900.0% |
| EPS (diluted) | $0.16 | $-0.32 |
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 | $411.0M | ||
| Q3 25 | $674.0M | $553.0M | ||
| Q2 25 | $631.0M | $529.0M | ||
| Q1 25 | $621.0M | $398.0M | ||
| Q4 24 | $591.0M | $411.0M | ||
| Q3 24 | $597.0M | $532.0M | ||
| Q2 24 | $625.0M | $497.0M | ||
| Q1 24 | $610.0M | $395.0M |
| Q4 25 | $83.0M | $-38.0M | ||
| Q3 25 | $-62.0M | $53.0M | ||
| Q2 25 | $15.0M | $36.0M | ||
| Q1 25 | $75.0M | $-11.0M | ||
| Q4 24 | $-14.0M | $1.0M | ||
| Q3 24 | $-128.0M | $39.0M | ||
| Q2 24 | $27.0M | $24.0M | ||
| Q1 24 | $-19.0M | $-59.0M |
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% | ||
| Q1 24 | — | 93.7% |
| Q4 25 | 3.7% | -8.3% | ||
| Q3 25 | 1.8% | 12.7% | ||
| Q2 25 | 5.4% | 11.2% | ||
| Q1 25 | 8.9% | -3.8% | ||
| Q4 24 | 5.1% | 0.2% | ||
| Q3 24 | 4.5% | 13.2% | ||
| Q2 24 | 6.7% | 7.2% | ||
| Q1 24 | 2.6% | -3.8% |
| Q4 25 | 10.5% | -9.2% | ||
| Q3 25 | -9.2% | 9.6% | ||
| Q2 25 | 2.4% | 6.8% | ||
| Q1 25 | 12.1% | -2.8% | ||
| Q4 24 | -2.4% | 0.2% | ||
| Q3 24 | -21.4% | 7.3% | ||
| Q2 24 | 4.3% | 4.8% | ||
| Q1 24 | -3.1% | -14.9% |
| Q4 25 | $0.16 | $-0.32 | ||
| Q3 25 | $-0.13 | $0.43 | ||
| Q2 25 | $0.03 | $0.28 | ||
| Q1 25 | $0.16 | $-0.08 | ||
| Q4 24 | $-0.04 | $0.03 | ||
| Q3 24 | $-0.28 | $0.27 | ||
| Q2 24 | $0.06 | $0.17 | ||
| Q1 24 | $-0.04 | $-0.43 |
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 | $1.0B |
| Total DebtLower is stronger | $1.4B | $819.0M |
| Stockholders' EquityBook value | $1.6B | $645.0M |
| Total Assets | $4.9B | $2.6B |
| Debt / EquityLower = less leverage | 0.88× | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $1.0B | ||
| Q3 25 | $427.0M | $1.2B | ||
| Q2 25 | $601.0M | $1.2B | ||
| Q1 25 | $552.0M | $1.2B | ||
| Q4 24 | $536.0M | $1.1B | ||
| Q3 24 | $524.0M | $1.1B | ||
| Q2 24 | $515.0M | $1.2B | ||
| Q1 24 | $475.0M | $1.2B |
| Q4 25 | $1.4B | $819.0M | ||
| Q3 25 | $1.4B | $821.0M | ||
| Q2 25 | $1.4B | $822.0M | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $831.0M | ||
| Q3 24 | $1.4B | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.6B | $645.0M | ||
| Q3 25 | $1.5B | $707.0M | ||
| Q2 25 | $1.2B | $627.0M | ||
| Q1 25 | $1.1B | $643.0M | ||
| Q4 24 | $1.1B | $943.0M | ||
| Q3 24 | $1.1B | $944.0M | ||
| Q2 24 | $1.2B | $857.0M | ||
| Q1 24 | $1.2B | $825.0M |
| Q4 25 | $4.9B | $2.6B | ||
| Q3 25 | $4.8B | $2.8B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.6B | $2.6B | ||
| Q3 24 | $3.8B | $2.7B | ||
| Q2 24 | $3.8B | $2.8B | ||
| Q1 24 | $3.8B | $2.7B |
| Q4 25 | 0.88× | 1.27× | ||
| Q3 25 | 0.91× | 1.16× | ||
| Q2 25 | 1.15× | 1.31× | ||
| Q1 25 | 1.23× | 1.81× | ||
| Q4 24 | 1.32× | 0.88× | ||
| Q3 24 | 1.26× | 0.88× | ||
| 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 | $-103.0M |
| Free Cash FlowOCF − Capex | $13.0M | $-122.0M |
| FCF MarginFCF / Revenue | 1.6% | -29.7% |
| Capex IntensityCapex / Revenue | 4.9% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $163.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $-103.0M | ||
| Q3 25 | $71.0M | $44.0M | ||
| Q2 25 | $57.0M | $202.0M | ||
| Q1 25 | $53.0M | $102.0M | ||
| Q4 24 | $65.0M | $-3.0M | ||
| Q3 24 | $85.0M | $-43.0M | ||
| Q2 24 | $73.0M | $51.0M | ||
| Q1 24 | $49.0M | $139.0M |
| Q4 25 | $13.0M | $-122.0M | ||
| Q3 25 | $38.0M | $25.0M | ||
| Q2 25 | $27.0M | $177.0M | ||
| Q1 25 | $26.0M | $83.0M | ||
| Q4 24 | $33.0M | $-26.0M | ||
| Q3 24 | $59.0M | $-63.0M | ||
| Q2 24 | $49.0M | $36.0M | ||
| Q1 24 | $24.0M | $123.0M |
| Q4 25 | 1.6% | -29.7% | ||
| Q3 25 | 5.6% | 4.5% | ||
| Q2 25 | 4.3% | 33.5% | ||
| Q1 25 | 4.2% | 20.9% | ||
| Q4 24 | 5.6% | -6.3% | ||
| Q3 24 | 9.9% | -11.8% | ||
| Q2 24 | 7.8% | 7.2% | ||
| Q1 24 | 3.9% | 31.1% |
| Q4 25 | 4.9% | 4.6% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 4.8% | 4.7% | ||
| Q1 25 | 4.3% | 4.8% | ||
| Q4 24 | 5.4% | 5.6% | ||
| Q3 24 | 4.4% | 3.8% | ||
| Q2 24 | 3.8% | 3.0% | ||
| Q1 24 | 4.1% | 4.1% |
| Q4 25 | 0.63× | — | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | 3.80× | 5.61× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | -3.00× | ||
| Q3 24 | — | -1.10× | ||
| Q2 24 | 2.70× | 2.13× | ||
| Q1 24 | — | — |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
