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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and Verisign (VRSN). 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 $425.3M, roughly 1.9× Verisign). Verisign runs the higher net margin — 48.5% vs 10.5%, a 38.0% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 7.6%). Verisign produced more free cash flow last quarter ($285.1M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 5.2%).
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, ...
Verisign, Inc. is an American company based in Reston, Virginia, that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc country-code top-level domains, and the back-end systems for the .jobs and .edu sponsored top-level domains.
GBTG vs VRSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $425.3M |
| Net Profit | $83.0M | $206.2M |
| Gross Margin | — | 88.5% |
| Operating Margin | 3.7% | 67.0% |
| Net Margin | 10.5% | 48.5% |
| Revenue YoY | 34.0% | 7.6% |
| Net Profit YoY | 692.9% | 7.7% |
| EPS (diluted) | $0.16 | — |
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 | $425.3M | ||
| Q3 25 | $674.0M | $419.1M | ||
| Q2 25 | $631.0M | $409.9M | ||
| Q1 25 | $621.0M | $402.3M | ||
| Q4 24 | $591.0M | $395.4M | ||
| Q3 24 | $597.0M | $390.6M | ||
| Q2 24 | $625.0M | $387.1M | ||
| Q1 24 | $610.0M | $384.3M |
| Q4 25 | $83.0M | $206.2M | ||
| Q3 25 | $-62.0M | $212.8M | ||
| Q2 25 | $15.0M | $207.4M | ||
| Q1 25 | $75.0M | $199.3M | ||
| Q4 24 | $-14.0M | $191.5M | ||
| Q3 24 | $-128.0M | $201.3M | ||
| Q2 24 | $27.0M | $198.8M | ||
| Q1 24 | $-19.0M | $194.1M |
| Q4 25 | — | 88.5% | ||
| Q3 25 | — | 88.4% | ||
| Q2 25 | — | 88.0% | ||
| Q1 25 | — | 87.7% | ||
| Q4 24 | — | 87.8% | ||
| Q3 24 | — | 88.0% | ||
| Q2 24 | — | 87.8% | ||
| Q1 24 | — | 87.2% |
| Q4 25 | 3.7% | 67.0% | ||
| Q3 25 | 1.8% | 67.8% | ||
| Q2 25 | 5.4% | 68.5% | ||
| Q1 25 | 8.9% | 67.4% | ||
| Q4 24 | 5.1% | 66.7% | ||
| Q3 24 | 4.5% | 68.9% | ||
| Q2 24 | 6.7% | 68.8% | ||
| Q1 24 | 2.6% | 67.4% |
| Q4 25 | 10.5% | 48.5% | ||
| Q3 25 | -9.2% | 50.8% | ||
| Q2 25 | 2.4% | 50.6% | ||
| Q1 25 | 12.1% | 49.5% | ||
| Q4 24 | -2.4% | 48.4% | ||
| Q3 24 | -21.4% | 51.5% | ||
| Q2 24 | 4.3% | 51.4% | ||
| Q1 24 | -3.1% | 50.5% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $-0.04 | — |
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 | $580.5M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $1.6B | $-2.2B |
| Total Assets | $4.9B | $1.3B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $580.5M | ||
| Q3 25 | $427.0M | $617.7M | ||
| Q2 25 | $601.0M | $593.8M | ||
| Q1 25 | $552.0M | $648.5M | ||
| Q4 24 | $536.0M | $599.9M | ||
| Q3 24 | $524.0M | $644.9M | ||
| Q2 24 | $515.0M | $689.9M | ||
| Q1 24 | $475.0M | $924.7M |
| 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 | $-2.2B | ||
| Q3 25 | $1.5B | $-2.1B | ||
| Q2 25 | $1.2B | $-2.0B | ||
| Q1 25 | $1.1B | $-2.0B | ||
| Q4 24 | $1.1B | $-2.0B | ||
| Q3 24 | $1.1B | $-1.9B | ||
| Q2 24 | $1.2B | $-1.8B | ||
| Q1 24 | $1.2B | $-1.6B |
| Q4 25 | $4.9B | $1.3B | ||
| Q3 25 | $4.8B | $1.4B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $3.8B | $1.4B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.8B | $1.5B | ||
| Q2 24 | $3.8B | $1.5B | ||
| Q1 24 | $3.8B | $1.7B |
| 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 | $289.6M |
| Free Cash FlowOCF − Capex | $13.0M | $285.1M |
| FCF MarginFCF / Revenue | 1.6% | 67.0% |
| Capex IntensityCapex / Revenue | 4.9% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.63× | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $289.6M | ||
| Q3 25 | $71.0M | $307.7M | ||
| Q2 25 | $57.0M | $202.5M | ||
| Q1 25 | $53.0M | $291.3M | ||
| Q4 24 | $65.0M | $231.5M | ||
| Q3 24 | $85.0M | $253.4M | ||
| Q2 24 | $73.0M | $160.4M | ||
| Q1 24 | $49.0M | $257.3M |
| Q4 25 | $13.0M | $285.1M | ||
| Q3 25 | $38.0M | $303.0M | ||
| Q2 25 | $27.0M | $194.7M | ||
| Q1 25 | $26.0M | $285.5M | ||
| Q4 24 | $33.0M | $222.0M | ||
| Q3 24 | $59.0M | $247.8M | ||
| Q2 24 | $49.0M | $151.2M | ||
| Q1 24 | $24.0M | $253.5M |
| Q4 25 | 1.6% | 67.0% | ||
| Q3 25 | 5.6% | 72.3% | ||
| Q2 25 | 4.3% | 47.5% | ||
| Q1 25 | 4.2% | 71.0% | ||
| Q4 24 | 5.6% | 56.1% | ||
| Q3 24 | 9.9% | 63.4% | ||
| Q2 24 | 7.8% | 39.1% | ||
| Q1 24 | 3.9% | 66.0% |
| Q4 25 | 4.9% | 1.1% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 4.8% | 1.9% | ||
| Q1 25 | 4.3% | 1.4% | ||
| Q4 24 | 5.4% | 2.4% | ||
| Q3 24 | 4.4% | 1.4% | ||
| Q2 24 | 3.8% | 2.4% | ||
| Q1 24 | 4.1% | 1.0% |
| Q4 25 | 0.63× | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 3.80× | 0.98× | ||
| Q1 25 | 0.71× | 1.46× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 2.70× | 0.81× | ||
| Q1 24 | — | 1.33× |
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% |
VRSN
Segment breakdown not available.
