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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) and WATTS WATER TECHNOLOGIES INC (WTS). 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 $625.1M, roughly 1.3× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 10.5%, a 2.9% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 4.6%).
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, ...
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
GBTG vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $625.1M |
| Net Profit | $83.0M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 3.7% | 18.2% |
| Net Margin | 10.5% | 13.4% |
| Revenue YoY | 34.0% | 15.7% |
| Net Profit YoY | 692.9% | 24.0% |
| EPS (diluted) | $0.16 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $674.0M | $611.7M | ||
| Q2 25 | $631.0M | $643.7M | ||
| Q1 25 | $621.0M | $558.0M | ||
| Q4 24 | $591.0M | $540.4M | ||
| Q3 24 | $597.0M | $543.6M | ||
| Q2 24 | $625.0M | $597.3M | ||
| Q1 24 | $610.0M | $570.9M |
| Q4 25 | $83.0M | $83.7M | ||
| Q3 25 | $-62.0M | $82.2M | ||
| Q2 25 | $15.0M | $100.9M | ||
| Q1 25 | $75.0M | $74.0M | ||
| Q4 24 | $-14.0M | $67.5M | ||
| Q3 24 | $-128.0M | $69.1M | ||
| Q2 24 | $27.0M | $82.0M | ||
| Q1 24 | $-19.0M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 3.7% | 18.2% | ||
| Q3 25 | 1.8% | 18.2% | ||
| Q2 25 | 5.4% | 21.0% | ||
| Q1 25 | 8.9% | 15.7% | ||
| Q4 24 | 5.1% | 16.5% | ||
| Q3 24 | 4.5% | 17.1% | ||
| Q2 24 | 6.7% | 18.7% | ||
| Q1 24 | 2.6% | 16.9% |
| Q4 25 | 10.5% | 13.4% | ||
| Q3 25 | -9.2% | 13.4% | ||
| Q2 25 | 2.4% | 15.7% | ||
| Q1 25 | 12.1% | 13.3% | ||
| Q4 24 | -2.4% | 12.5% | ||
| Q3 24 | -21.4% | 12.7% | ||
| Q2 24 | 4.3% | 13.7% | ||
| Q1 24 | -3.1% | 12.7% |
| Q4 25 | $0.16 | $2.50 | ||
| Q3 25 | $-0.13 | $2.45 | ||
| Q2 25 | $0.03 | $3.01 | ||
| Q1 25 | $0.16 | $2.21 | ||
| Q4 24 | $-0.04 | $2.02 | ||
| Q3 24 | $-0.28 | $2.06 | ||
| Q2 24 | $0.06 | $2.44 | ||
| Q1 24 | $-0.04 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $1.6B | $2.0B |
| Total Assets | $4.9B | $2.9B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $405.5M | ||
| Q3 25 | $427.0M | $457.7M | ||
| Q2 25 | $601.0M | $369.3M | ||
| Q1 25 | $552.0M | $336.8M | ||
| Q4 24 | $536.0M | $386.9M | ||
| Q3 24 | $524.0M | $303.9M | ||
| Q2 24 | $515.0M | $279.4M | ||
| Q1 24 | $475.0M | $237.1M |
| 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 | $2.0B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.2B | $1.6B |
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $4.8B | $2.7B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.8B | $2.4B | ||
| Q2 24 | $3.8B | $2.4B | ||
| Q1 24 | $3.8B | $2.3B |
| 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 | $154.7M |
| Free Cash FlowOCF − Capex | $13.0M | $140.3M |
| FCF MarginFCF / Revenue | 1.6% | 22.4% |
| Capex IntensityCapex / Revenue | 4.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 0.63× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $154.7M | ||
| Q3 25 | $71.0M | $122.4M | ||
| Q2 25 | $57.0M | $69.7M | ||
| Q1 25 | $53.0M | $55.2M | ||
| Q4 24 | $65.0M | $139.5M | ||
| Q3 24 | $85.0M | $90.7M | ||
| Q2 24 | $73.0M | $85.3M | ||
| Q1 24 | $49.0M | $45.6M |
| Q4 25 | $13.0M | $140.3M | ||
| Q3 25 | $38.0M | $110.9M | ||
| Q2 25 | $27.0M | $59.5M | ||
| Q1 25 | $26.0M | $45.6M | ||
| Q4 24 | $33.0M | $127.5M | ||
| Q3 24 | $59.0M | $84.3M | ||
| Q2 24 | $49.0M | $78.5M | ||
| Q1 24 | $24.0M | $35.5M |
| Q4 25 | 1.6% | 22.4% | ||
| Q3 25 | 5.6% | 18.1% | ||
| Q2 25 | 4.3% | 9.2% | ||
| Q1 25 | 4.2% | 8.2% | ||
| Q4 24 | 5.6% | 23.6% | ||
| Q3 24 | 9.9% | 15.5% | ||
| Q2 24 | 7.8% | 13.1% | ||
| Q1 24 | 3.9% | 6.2% |
| Q4 25 | 4.9% | 2.3% | ||
| Q3 25 | 4.9% | 1.9% | ||
| Q2 25 | 4.8% | 1.6% | ||
| Q1 25 | 4.3% | 1.7% | ||
| Q4 24 | 5.4% | 2.2% | ||
| Q3 24 | 4.4% | 1.2% | ||
| Q2 24 | 3.8% | 1.1% | ||
| Q1 24 | 4.1% | 1.8% |
| Q4 25 | 0.63× | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 3.80× | 0.69× | ||
| Q1 25 | 0.71× | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 2.70× | 1.04× | ||
| Q1 24 | — | 0.63× |
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% |
WTS
Segment breakdown not available.
