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Side-by-side financial comparison of Hyatt Hotels Corp (H) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.4B, roughly 1.3× Lineage, Inc.). Hyatt Hotels Corp runs the higher net margin — -1.1% vs -7.3%, a 6.1% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs 3.1%). Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $35.0M).
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
H vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.4B |
| Net Profit | $-20.0M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 0.4% | 2.5% |
| Net Margin | -1.1% | -7.3% |
| Revenue YoY | 11.7% | 3.1% |
| Net Profit YoY | 64.3% | 79.4% |
| EPS (diluted) | $-0.20 | $-0.44 |
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 | $1.8B | — | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.7B | $1.3B |
| Q4 25 | $-20.0M | — | ||
| Q3 25 | $-49.0M | $-100.0M | ||
| Q2 25 | $-3.0M | $-6.0M | ||
| Q1 25 | $20.0M | $0 | ||
| Q4 24 | $-56.0M | $-71.0M | ||
| Q3 24 | $471.0M | $-485.0M | ||
| Q2 24 | $359.0M | $-68.0M | ||
| Q1 24 | $522.0M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% |
| Q4 25 | 0.4% | — | ||
| Q3 25 | -1.0% | 2.5% | ||
| Q2 25 | 2.1% | 1.7% | ||
| Q1 25 | 3.0% | 4.3% | ||
| Q4 24 | -3.0% | -1.6% | ||
| Q3 24 | 37.3% | -38.6% | ||
| Q2 24 | 27.1% | 5.5% | ||
| Q1 24 | 31.6% | 7.6% |
| Q4 25 | -1.1% | — | ||
| Q3 25 | -2.7% | -7.3% | ||
| Q2 25 | -0.2% | -0.4% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | -3.5% | -5.3% | ||
| Q3 24 | 28.9% | -36.3% | ||
| Q2 24 | 21.1% | -5.1% | ||
| Q1 24 | 30.5% | -3.0% |
| Q4 25 | $-0.20 | — | ||
| Q3 25 | $-0.51 | $-0.44 | ||
| Q2 25 | $-0.03 | $-0.03 | ||
| Q1 25 | $0.19 | $0.01 | ||
| Q4 24 | $-0.37 | $-0.52 | ||
| Q3 24 | $4.63 | $-2.44 | ||
| Q2 24 | $3.46 | $-0.46 | ||
| Q1 24 | $4.93 | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $813.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $8.4B |
| Total Assets | $14.0B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.0M | — | ||
| Q3 25 | $749.0M | — | ||
| Q2 25 | $912.0M | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.4B | $173.0M | ||
| Q3 24 | $1.1B | $409.0M | ||
| Q2 24 | $2.0B | $73.0M | ||
| Q1 24 | $794.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.0B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.1B | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.5B | $8.4B | ||
| Q2 25 | $3.6B | $8.6B | ||
| Q1 25 | $3.5B | $8.6B | ||
| Q4 24 | $3.5B | $8.6B | ||
| Q3 24 | $3.7B | $9.0B | ||
| Q2 24 | $3.9B | $4.9B | ||
| Q1 24 | $3.7B | $5.6B |
| Q4 25 | $14.0B | — | ||
| Q3 25 | $15.7B | $19.2B | ||
| Q2 25 | $15.9B | $19.4B | ||
| Q1 25 | $14.0B | $18.8B | ||
| Q4 24 | $13.3B | $18.7B | ||
| Q3 24 | $11.9B | $19.3B | ||
| Q2 24 | $12.8B | $18.8B | ||
| Q1 24 | $11.7B | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | 0.84× | — |
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 | $313.0M | $230.0M |
| Free Cash FlowOCF − Capex | $236.0M | $35.0M |
| FCF MarginFCF / Revenue | 13.2% | 2.5% |
| Capex IntensityCapex / Revenue | 4.3% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $313.0M | — | ||
| Q3 25 | $-20.0M | $230.0M | ||
| Q2 25 | $-67.0M | $258.0M | ||
| Q1 25 | $153.0M | $139.0M | ||
| Q4 24 | $235.0M | — | ||
| Q3 24 | $-21.0M | $186.0M | ||
| Q2 24 | $177.0M | $155.0M | ||
| Q1 24 | $242.0M | $105.0M |
| Q4 25 | $236.0M | — | ||
| Q3 25 | $-89.0M | $35.0M | ||
| Q2 25 | $-111.0M | $95.0M | ||
| Q1 25 | $123.0M | $-12.0M | ||
| Q4 24 | $184.0M | — | ||
| Q3 24 | $-64.0M | $33.0M | ||
| Q2 24 | $135.0M | $-31.0M | ||
| Q1 24 | $208.0M | $-42.0M |
| Q4 25 | 13.2% | — | ||
| Q3 25 | -5.0% | 2.5% | ||
| Q2 25 | -6.1% | 7.0% | ||
| Q1 25 | 7.2% | -0.9% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | -3.9% | 2.5% | ||
| Q2 24 | 7.9% | -2.3% | ||
| Q1 24 | 12.1% | -3.2% |
| Q4 25 | 4.3% | — | ||
| Q3 25 | 3.9% | 14.2% | ||
| Q2 25 | 2.4% | 12.1% | ||
| Q1 25 | 1.7% | 11.7% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.6% | 11.5% | ||
| Q2 24 | 2.5% | 13.9% | ||
| Q1 24 | 2.0% | 11.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
