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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and JETBLUE AIRWAYS CORP (JBLU). Click either name above to swap in a different company.
JETBLUE AIRWAYS CORP is the larger business by last-quarter revenue ($2.2B vs $2.0B, roughly 1.1× HERTZ GLOBAL HOLDINGS, INC). HERTZ GLOBAL HOLDINGS, INC runs the higher net margin — -9.6% vs -14.2%, a 4.7% gap on every dollar of revenue. On growth, JETBLUE AIRWAYS CORP posted the faster year-over-year revenue change (4.7% vs -0.6%). Over the past eight quarters, HERTZ GLOBAL HOLDINGS, INC's revenue compounded faster (-1.3% CAGR vs -3.9%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York City's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance.
HTZ vs JBLU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.2B |
| Net Profit | $-194.0M | $-319.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | — |
| Net Margin | -9.6% | -14.2% |
| Revenue YoY | -0.6% | 4.7% |
| Net Profit YoY | 59.5% | -53.4% |
| EPS (diluted) | $-0.46 | $-0.86 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.5B | $2.3B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $2.4B | $2.4B |
| Q1 26 | — | $-319.0M | ||
| Q4 25 | $-194.0M | $-177.0M | ||
| Q3 25 | $184.0M | $-143.0M | ||
| Q2 25 | $-294.0M | $-74.0M | ||
| Q1 25 | $-443.0M | $-208.0M | ||
| Q4 24 | $-479.0M | $-44.0M | ||
| Q3 24 | $-1.3B | $-60.0M | ||
| Q2 24 | $-865.0M | $25.0M |
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | -4.5% | ||
| Q3 25 | 9.4% | -4.3% | ||
| Q2 25 | -14.5% | 0.3% | ||
| Q1 25 | -29.0% | -8.1% | ||
| Q4 24 | -27.6% | 0.7% | ||
| Q3 24 | -62.9% | -1.6% | ||
| Q2 24 | -20.1% | 2.3% |
| Q1 26 | — | -14.2% | ||
| Q4 25 | -9.6% | -7.9% | ||
| Q3 25 | 7.4% | -6.2% | ||
| Q2 25 | -13.5% | -3.1% | ||
| Q1 25 | -24.4% | -9.7% | ||
| Q4 24 | -23.5% | -1.9% | ||
| Q3 24 | -51.7% | -2.5% | ||
| Q2 24 | -36.8% | 1.0% |
| Q1 26 | — | $-0.86 | ||
| Q4 25 | $-0.46 | $-0.47 | ||
| Q3 25 | $0.42 | $-0.39 | ||
| Q2 25 | $-0.95 | $-0.21 | ||
| Q1 25 | $-1.44 | $-0.59 | ||
| Q4 24 | $-1.57 | $-0.09 | ||
| Q3 24 | $-4.34 | $-0.17 | ||
| Q2 24 | $-2.82 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $565.0M | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $1.8B |
| Total Assets | $22.3B | $16.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $565.0M | $2.2B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $503.0M | $3.1B | ||
| Q1 25 | $626.0M | $3.5B | ||
| Q4 24 | $592.0M | $3.6B | ||
| Q3 24 | $501.0M | $4.0B | ||
| Q2 24 | $568.0M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.7B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.7B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $7.9B | ||
| Q2 24 | — | $5.0B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $-459.0M | $2.1B | ||
| Q3 25 | $-317.0M | $2.3B | ||
| Q2 25 | $-504.0M | $2.4B | ||
| Q1 25 | $-262.0M | $2.4B | ||
| Q4 24 | $153.0M | $2.6B | ||
| Q3 24 | $681.0M | $2.6B | ||
| Q2 24 | $2.0B | $2.7B |
| Q1 26 | — | $16.6B | ||
| Q4 25 | $22.3B | $16.6B | ||
| Q3 25 | $23.0B | $16.6B | ||
| Q2 25 | $23.1B | $16.9B | ||
| Q1 25 | $22.0B | $17.1B | ||
| Q4 24 | $21.8B | $16.8B | ||
| Q3 24 | $23.0B | $16.6B | ||
| Q2 24 | $25.2B | $14.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.42× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 3.08× | ||
| Q3 24 | — | 2.98× | ||
| Q2 24 | — | 1.86× |
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 | $193.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 6.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $193.0M | $49.0M | ||
| Q3 25 | $835.0M | $-142.0M | ||
| Q2 25 | $346.0M | $-115.0M | ||
| Q1 25 | $251.0M | $114.0M | ||
| Q4 24 | $414.0M | $-17.0M | ||
| Q3 24 | $894.0M | $-29.0M | ||
| Q2 24 | $546.0M | $-14.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-287.0M | ||
| Q3 25 | — | $-411.0M | ||
| Q2 25 | — | $-412.0M | ||
| Q1 25 | — | $-62.0M | ||
| Q4 24 | — | $-368.0M | ||
| Q3 24 | — | $-302.0M | ||
| Q2 24 | — | $-441.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -12.8% | ||
| Q3 25 | — | -17.7% | ||
| Q2 25 | — | -17.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | -16.2% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -18.2% |
| Q1 26 | — | 6.3% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 11.6% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.54× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
