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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and UDR, Inc. (UDR). 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 $425.8M, roughly 1.9× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs 10.5%, a 34.1% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 0.9%). 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, ...
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
GBTG vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $425.8M |
| Net Profit | $83.0M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | 3.7% | 54.0% |
| Net Margin | 10.5% | 44.6% |
| Revenue YoY | 34.0% | 0.9% |
| Net Profit YoY | 692.9% | 147.2% |
| EPS (diluted) | $0.16 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $792.0M | $433.1M | ||
| Q3 25 | $674.0M | $431.9M | ||
| Q2 25 | $631.0M | $425.4M | ||
| Q1 25 | $621.0M | $421.9M | ||
| Q4 24 | $591.0M | $422.7M | ||
| Q3 24 | $597.0M | $420.2M | ||
| Q2 24 | $625.0M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $83.0M | $222.9M | ||
| Q3 25 | $-62.0M | $40.4M | ||
| Q2 25 | $15.0M | $37.7M | ||
| Q1 25 | $75.0M | $76.7M | ||
| Q4 24 | $-14.0M | $-5.0M | ||
| Q3 24 | $-128.0M | $22.6M | ||
| Q2 24 | $27.0M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | 3.7% | 64.1% | ||
| Q3 25 | 1.8% | 17.7% | ||
| Q2 25 | 5.4% | 18.2% | ||
| Q1 25 | 8.9% | 29.0% | ||
| Q4 24 | 5.1% | 15.7% | ||
| Q3 24 | 4.5% | 16.6% | ||
| Q2 24 | 6.7% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | 10.5% | 51.5% | ||
| Q3 25 | -9.2% | 9.4% | ||
| Q2 25 | 2.4% | 8.9% | ||
| Q1 25 | 12.1% | 18.2% | ||
| Q4 24 | -2.4% | -220.5% | ||
| Q3 24 | -21.4% | 5.4% | ||
| Q2 24 | 4.3% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $0.16 | $0.67 | ||
| Q3 25 | $-0.13 | $0.12 | ||
| Q2 25 | $0.03 | $0.11 | ||
| Q1 25 | $0.16 | $0.23 | ||
| Q4 24 | $-0.04 | $-0.01 | ||
| Q3 24 | $-0.28 | $0.06 | ||
| Q2 24 | $0.06 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $1.6B | $3.3B |
| Total Assets | $4.9B | $10.3B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $434.0M | $1.2M | ||
| Q3 25 | $427.0M | $1.2M | ||
| Q2 25 | $601.0M | $1.5M | ||
| Q1 25 | $552.0M | $1.3M | ||
| Q4 24 | $536.0M | $1.3M | ||
| Q3 24 | $524.0M | $2.3M | ||
| Q2 24 | $515.0M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $5.8B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $1.4B | $5.8B | ||
| Q1 25 | $1.4B | $5.8B | ||
| Q4 24 | $1.4B | $5.8B | ||
| Q3 24 | $1.4B | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.5B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.1B | $3.3B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.1B | $3.5B | ||
| Q2 24 | $1.2B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $4.9B | $10.6B | ||
| Q3 25 | $4.8B | $10.6B | ||
| Q2 25 | $3.9B | $10.6B | ||
| Q1 25 | $3.8B | $10.7B | ||
| Q4 24 | $3.6B | $10.9B | ||
| Q3 24 | $3.8B | $11.1B | ||
| Q2 24 | $3.8B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | 1.77× | ||
| Q3 25 | 0.91× | 1.78× | ||
| Q2 25 | 1.15× | 1.74× | ||
| Q1 25 | 1.23× | 1.74× | ||
| Q4 24 | 1.32× | 1.69× | ||
| Q3 24 | 1.26× | 1.67× | ||
| Q2 24 | — | 1.55× |
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% | 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 | $902.9M | ||
| Q3 25 | $71.0M | $234.9M | ||
| Q2 25 | $57.0M | $250.3M | ||
| Q1 25 | $53.0M | $156.2M | ||
| Q4 24 | $65.0M | $876.8M | ||
| Q3 24 | $85.0M | $230.3M | ||
| Q2 24 | $73.0M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | $650.0M | ||
| Q3 25 | $38.0M | $164.6M | ||
| Q2 25 | $27.0M | $190.1M | ||
| Q1 25 | $26.0M | $103.2M | ||
| Q4 24 | $33.0M | $627.0M | ||
| Q3 24 | $59.0M | $161.3M | ||
| Q2 24 | $49.0M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 150.1% | ||
| Q3 25 | 5.6% | 38.1% | ||
| Q2 25 | 4.3% | 44.7% | ||
| Q1 25 | 4.2% | 24.5% | ||
| Q4 24 | 5.6% | 148.3% | ||
| Q3 24 | 9.9% | 38.4% | ||
| Q2 24 | 7.8% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 4.9% | 58.4% | ||
| Q3 25 | 4.9% | 16.3% | ||
| Q2 25 | 4.8% | 14.2% | ||
| Q1 25 | 4.3% | 12.6% | ||
| Q4 24 | 5.4% | 59.1% | ||
| Q3 24 | 4.4% | 16.4% | ||
| Q2 24 | 3.8% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | 3.80× | 6.64× | ||
| Q1 25 | 0.71× | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | 2.70× | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
