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Side-by-side financial comparison of Hyatt Hotels Corp (H) and MARKEL GROUP INC. (MKL). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $1.8B, roughly 2.0× Hyatt Hotels Corp). MARKEL GROUP INC. runs the higher net margin — 16.1% vs -1.1%, a 17.2% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $236.0M). Over the past eight quarters, Hyatt Hotels Corp's revenue compounded faster (2.2% CAGR vs -10.5%).
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.
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
H vs MKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $3.6B |
| Net Profit | $-20.0M | $576.8M |
| Gross Margin | — | — |
| Operating Margin | 0.4% | 22.2% |
| Net Margin | -1.1% | 16.1% |
| Revenue YoY | 11.7% | -6.9% |
| Net Profit YoY | 64.3% | 5.0% |
| EPS (diluted) | $-0.20 | $48.22 |
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 | $3.6B | ||
| Q3 25 | $1.8B | $3.9B | ||
| Q2 25 | $1.8B | $4.6B | ||
| Q1 25 | $1.7B | $3.4B | ||
| Q4 24 | $1.6B | $3.8B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.7B | $3.7B | ||
| Q1 24 | $1.7B | $4.5B |
| Q4 25 | $-20.0M | $576.8M | ||
| Q3 25 | $-49.0M | $751.3M | ||
| Q2 25 | $-3.0M | $657.1M | ||
| Q1 25 | $20.0M | $121.7M | ||
| Q4 24 | $-56.0M | $549.2M | ||
| Q3 24 | $471.0M | $905.0M | ||
| Q2 24 | $359.0M | $267.7M | ||
| Q1 24 | $522.0M | $1.0B |
| Q4 25 | 0.4% | 22.2% | ||
| Q3 25 | -1.0% | 25.7% | ||
| Q2 25 | 2.1% | 24.1% | ||
| Q1 25 | 3.0% | 8.3% | ||
| Q4 24 | -3.0% | 15.5% | ||
| Q3 24 | 37.3% | 29.7% | ||
| Q2 24 | 27.1% | 11.1% | ||
| Q1 24 | 31.6% | 29.9% |
| Q4 25 | -1.1% | 16.1% | ||
| Q3 25 | -2.7% | 19.1% | ||
| Q2 25 | -0.2% | 14.3% | ||
| Q1 25 | 1.2% | 3.6% | ||
| Q4 24 | -3.5% | 14.3% | ||
| Q3 24 | 28.9% | 19.6% | ||
| Q2 24 | 21.1% | 7.2% | ||
| Q1 24 | 30.5% | 23.0% |
| Q4 25 | $-0.20 | $48.22 | ||
| Q3 25 | $-0.51 | $59.25 | ||
| Q2 25 | $-0.03 | $49.67 | ||
| Q1 25 | $0.19 | $12.08 | ||
| Q4 24 | $-0.37 | $39.02 | ||
| Q3 24 | $4.63 | $66.25 | ||
| Q2 24 | $3.46 | $18.62 | ||
| Q1 24 | $4.93 | $75.43 |
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 | $4.0B |
| Total DebtLower is stronger | — | $4.3B |
| Stockholders' EquityBook value | $3.3B | $18.6B |
| Total Assets | $14.0B | $68.9B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.0M | $4.0B | ||
| Q3 25 | $749.0M | $4.0B | ||
| Q2 25 | $912.0M | $3.7B | ||
| Q1 25 | $1.8B | $4.2B | ||
| Q4 24 | $1.4B | $3.7B | ||
| Q3 24 | $1.1B | $3.9B | ||
| Q2 24 | $2.0B | $3.5B | ||
| Q1 24 | $794.0M | $3.6B |
| Q4 25 | — | $4.3B | ||
| Q3 25 | $6.0B | $4.3B | ||
| Q2 25 | $6.0B | $4.4B | ||
| Q1 25 | $4.3B | $4.4B | ||
| Q4 24 | $3.8B | $4.3B | ||
| Q3 24 | $3.1B | $4.4B | ||
| Q2 24 | $3.9B | $4.4B | ||
| Q1 24 | $3.1B | $3.9B |
| Q4 25 | $3.3B | $18.6B | ||
| Q3 25 | $3.5B | $18.0B | ||
| Q2 25 | $3.6B | $17.3B | ||
| Q1 25 | $3.5B | $17.1B | ||
| Q4 24 | $3.5B | $16.9B | ||
| Q3 24 | $3.7B | $17.0B | ||
| Q2 24 | $3.9B | $15.9B | ||
| Q1 24 | $3.7B | $15.7B |
| Q4 25 | $14.0B | $68.9B | ||
| Q3 25 | $15.7B | $67.4B | ||
| Q2 25 | $15.9B | $66.8B | ||
| Q1 25 | $14.0B | $64.6B | ||
| Q4 24 | $13.3B | $61.9B | ||
| Q3 24 | $11.9B | $62.3B | ||
| Q2 24 | $12.8B | $59.7B | ||
| Q1 24 | $11.7B | $57.3B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | 1.73× | 0.24× | ||
| Q2 25 | 1.69× | 0.25× | ||
| Q1 25 | 1.25× | 0.26× | ||
| Q4 24 | 1.07× | 0.26× | ||
| Q3 24 | 0.85× | 0.26× | ||
| Q2 24 | 1.01× | 0.28× | ||
| Q1 24 | 0.84× | 0.25× |
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 | $662.2M |
| Free Cash FlowOCF − Capex | $236.0M | $599.1M |
| FCF MarginFCF / Revenue | 13.2% | 16.7% |
| Capex IntensityCapex / Revenue | 4.3% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $313.0M | $662.2M | ||
| Q3 25 | $-20.0M | $1.2B | ||
| Q2 25 | $-67.0M | $504.4M | ||
| Q1 25 | $153.0M | $376.2M | ||
| Q4 24 | $235.0M | $493.9M | ||
| Q3 24 | $-21.0M | $890.8M | ||
| Q2 24 | $177.0M | $578.6M | ||
| Q1 24 | $242.0M | $630.7M |
| Q4 25 | $236.0M | $599.1M | ||
| Q3 25 | $-89.0M | $1.2B | ||
| Q2 25 | $-111.0M | $453.8M | ||
| Q1 25 | $123.0M | $335.5M | ||
| Q4 24 | $184.0M | $420.0M | ||
| Q3 24 | $-64.0M | $838.9M | ||
| Q2 24 | $135.0M | $521.4M | ||
| Q1 24 | $208.0M | $558.7M |
| Q4 25 | 13.2% | 16.7% | ||
| Q3 25 | -5.0% | 29.6% | ||
| Q2 25 | -6.1% | 9.9% | ||
| Q1 25 | 7.2% | 9.9% | ||
| Q4 24 | 11.5% | 10.9% | ||
| Q3 24 | -3.9% | 18.2% | ||
| Q2 24 | 7.9% | 14.1% | ||
| Q1 24 | 12.1% | 12.5% |
| Q4 25 | 4.3% | 1.8% | ||
| Q3 25 | 3.9% | 1.3% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 3.2% | 1.9% | ||
| Q3 24 | 2.6% | 1.1% | ||
| Q2 24 | 2.5% | 1.5% | ||
| Q1 24 | 2.0% | 1.6% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | 7.65× | 3.09× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | -0.04× | 0.98× | ||
| Q2 24 | 0.49× | 2.16× | ||
| Q1 24 | 0.46× | 0.62× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
