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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and VISHAY INTERTECHNOLOGY INC (VSH). Click either name above to swap in a different company.

VISHAY INTERTECHNOLOGY INC is the larger business by last-quarter revenue ($800.9M vs $792.0M, roughly 1.0× Global Business Travel Group, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs 0.1%, a 10.4% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 12.1%). VISHAY INTERTECHNOLOGY INC produced more free cash flow last quarter ($54.6M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 3.6%).

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, ...

Vishay Intertechnology, Inc. is an American manufacturer of discrete semiconductors and passive electronic components founded by Polish-born businessman Felix Zandman. Vishay has manufacturing plants in Israel, Asia, Europe, and the Americas where it produces rectifiers, diodes, MOSFETs, optoelectronics, selected integrated circuits, resistors, capacitors, and inductors. Vishay Intertechnology revenues for 2024 were $2.9 billion. At the end of 2024, Vishay had approximately 22,700 full-time e...

GBTG vs VSH — Head-to-Head

Bigger by revenue
VSH
VSH
1.0× larger
VSH
$800.9M
$792.0M
GBTG
Growing faster (revenue YoY)
GBTG
GBTG
+21.9% gap
GBTG
34.0%
12.1%
VSH
Higher net margin
GBTG
GBTG
10.4% more per $
GBTG
10.5%
0.1%
VSH
More free cash flow
VSH
VSH
$41.6M more FCF
VSH
$54.6M
$13.0M
GBTG
Faster 2-yr revenue CAGR
GBTG
GBTG
Annualised
GBTG
13.9%
3.6%
VSH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GBTG
GBTG
VSH
VSH
Revenue
$792.0M
$800.9M
Net Profit
$83.0M
$986.0K
Gross Margin
19.6%
Operating Margin
3.7%
1.8%
Net Margin
10.5%
0.1%
Revenue YoY
34.0%
12.1%
Net Profit YoY
692.9%
101.5%
EPS (diluted)
$0.16
$0.01

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.

Revenue
GBTG
GBTG
VSH
VSH
Q4 25
$792.0M
$800.9M
Q3 25
$674.0M
$790.6M
Q2 25
$631.0M
$762.3M
Q1 25
$621.0M
$715.2M
Q4 24
$591.0M
$714.7M
Q3 24
$597.0M
$735.4M
Q2 24
$625.0M
$741.2M
Q1 24
$610.0M
$746.3M
Net Profit
GBTG
GBTG
VSH
VSH
Q4 25
$83.0M
$986.0K
Q3 25
$-62.0M
$-7.9M
Q2 25
$15.0M
$2.0M
Q1 25
$75.0M
$-4.1M
Q4 24
$-14.0M
$-66.1M
Q3 24
$-128.0M
$-19.3M
Q2 24
$27.0M
$23.5M
Q1 24
$-19.0M
$30.9M
Gross Margin
GBTG
GBTG
VSH
VSH
Q4 25
19.6%
Q3 25
19.5%
Q2 25
19.5%
Q1 25
19.0%
Q4 24
19.9%
Q3 24
20.5%
Q2 24
22.0%
Q1 24
22.8%
Operating Margin
GBTG
GBTG
VSH
VSH
Q4 25
3.7%
1.8%
Q3 25
1.8%
2.4%
Q2 25
5.4%
2.9%
Q1 25
8.9%
0.1%
Q4 24
5.1%
-7.9%
Q3 24
4.5%
-2.5%
Q2 24
6.7%
5.1%
Q1 24
2.6%
5.7%
Net Margin
GBTG
GBTG
VSH
VSH
Q4 25
10.5%
0.1%
Q3 25
-9.2%
-1.0%
Q2 25
2.4%
0.3%
Q1 25
12.1%
-0.6%
Q4 24
-2.4%
-9.2%
Q3 24
-21.4%
-2.6%
Q2 24
4.3%
3.2%
Q1 24
-3.1%
4.1%
EPS (diluted)
GBTG
GBTG
VSH
VSH
Q4 25
$0.16
$0.01
Q3 25
$-0.13
$-0.06
Q2 25
$0.03
$0.01
Q1 25
$0.16
$-0.03
Q4 24
$-0.04
$-0.48
Q3 24
$-0.28
$-0.14
Q2 24
$0.06
$0.17
Q1 24
$-0.04
$0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GBTG
GBTG
VSH
VSH
Cash + ST InvestmentsLiquidity on hand
$434.0M
$515.0M
Total DebtLower is stronger
$1.4B
$950.9M
Stockholders' EquityBook value
$1.6B
$2.1B
Total Assets
$4.9B
$4.2B
Debt / EquityLower = less leverage
0.88×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBTG
GBTG
VSH
VSH
Q4 25
$434.0M
$515.0M
Q3 25
$427.0M
$443.9M
Q2 25
$601.0M
$473.9M
Q1 25
$552.0M
$609.4M
Q4 24
$536.0M
$590.3M
Q3 24
$524.0M
$643.8M
Q2 24
$515.0M
$672.7M
Q1 24
$475.0M
$796.5M
Total Debt
GBTG
GBTG
VSH
VSH
Q4 25
$1.4B
$950.9M
Q3 25
$1.4B
$919.7M
Q2 25
$1.4B
$914.5M
Q1 25
$1.4B
$988.2M
Q4 24
$1.4B
$905.0M
Q3 24
$1.4B
$820.8M
Q2 24
$820.6M
Q1 24
$819.4M
Stockholders' Equity
GBTG
GBTG
VSH
VSH
Q4 25
$1.6B
$2.1B
Q3 25
$1.5B
$2.1B
Q2 25
$1.2B
$2.1B
Q1 25
$1.1B
$2.0B
Q4 24
$1.1B
$2.0B
Q3 24
$1.1B
$2.2B
Q2 24
$1.2B
$2.2B
Q1 24
$1.2B
$2.2B
Total Assets
GBTG
GBTG
VSH
VSH
Q4 25
$4.9B
$4.2B
Q3 25
$4.8B
$4.2B
Q2 25
$3.9B
$4.2B
Q1 25
$3.8B
$4.2B
Q4 24
$3.6B
$4.1B
Q3 24
$3.8B
$4.2B
Q2 24
$3.8B
$4.2B
Q1 24
$3.8B
$4.3B
Debt / Equity
GBTG
GBTG
VSH
VSH
Q4 25
0.88×
0.46×
Q3 25
0.91×
0.44×
Q2 25
1.15×
0.44×
Q1 25
1.23×
0.49×
Q4 24
1.32×
0.45×
Q3 24
1.26×
0.38×
Q2 24
0.38×
Q1 24
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GBTG
GBTG
VSH
VSH
Operating Cash FlowLast quarter
$52.0M
$149.4M
Free Cash FlowOCF − Capex
$13.0M
$54.6M
FCF MarginFCF / Revenue
1.6%
6.8%
Capex IntensityCapex / Revenue
4.9%
11.8%
Cash ConversionOCF / Net Profit
0.63×
151.48×
TTM Free Cash FlowTrailing 4 quarters
$104.0M
$-89.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GBTG
GBTG
VSH
VSH
Q4 25
$52.0M
$149.4M
Q3 25
$71.0M
$27.6M
Q2 25
$57.0M
$-8.8M
Q1 25
$53.0M
$16.1M
Q4 24
$65.0M
$67.7M
Q3 24
$85.0M
$50.6M
Q2 24
$73.0M
$-24.7M
Q1 24
$49.0M
$80.2M
Free Cash Flow
GBTG
GBTG
VSH
VSH
Q4 25
$13.0M
$54.6M
Q3 25
$38.0M
$-24.7M
Q2 25
$27.0M
$-73.4M
Q1 25
$26.0M
$-45.5M
Q4 24
$33.0M
$-77.2M
Q3 24
$59.0M
$-9.0M
Q2 24
$49.0M
$-87.3M
Q1 24
$24.0M
$27.1M
FCF Margin
GBTG
GBTG
VSH
VSH
Q4 25
1.6%
6.8%
Q3 25
5.6%
-3.1%
Q2 25
4.3%
-9.6%
Q1 25
4.2%
-6.4%
Q4 24
5.6%
-10.8%
Q3 24
9.9%
-1.2%
Q2 24
7.8%
-11.8%
Q1 24
3.9%
3.6%
Capex Intensity
GBTG
GBTG
VSH
VSH
Q4 25
4.9%
11.8%
Q3 25
4.9%
6.6%
Q2 25
4.8%
8.5%
Q1 25
4.3%
8.6%
Q4 24
5.4%
20.3%
Q3 24
4.4%
8.1%
Q2 24
3.8%
8.4%
Q1 24
4.1%
7.1%
Cash Conversion
GBTG
GBTG
VSH
VSH
Q4 25
0.63×
151.48×
Q3 25
Q2 25
3.80×
-4.39×
Q1 25
0.71×
Q4 24
Q3 24
Q2 24
2.70×
-1.05×
Q1 24
2.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GBTG
GBTG

Travel$620.0M78%
Other$172.0M22%

VSH
VSH

Resistors Segment$189.4M24%
Diodes Segment$154.2M19%
Capacitors Segment$136.5M17%
Other$126.4M16%
Inductors Segment$92.6M12%
Optoelectronic Components Segment$55.7M7%
EMS Companies$51.6M6%

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