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Global Business Travel Group, Inc.（GBTG）与VERRA MOBILITY Corp（VRRM）财务数据对比。点击上方公司名可切换其他公司
Global Business Travel Group, Inc.的季度营收约是VERRA MOBILITY Corp的3.1倍（$792.0M vs $257.9M）。Global Business Travel Group, Inc.净利率更高（10.5% vs 7.3%，领先3.2%）。Global Business Travel Group, Inc.同比增速更快（34.0% vs 16.4%）。Global Business Travel Group, Inc.自由现金流更多（$13.0M vs $5.7M）。过去两年Global Business Travel Group, Inc.的营收复合增速更高（13.9% vs 10.9%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
Verra Mobility Corp是全球领先的智慧出行技术解决方案提供商，业务涵盖收费管理、停车与交通合规执法、车联网服务及车队管理工具，服务对象包括政府交通部门、租车运营商、商业车队所有者及汽车行业合作伙伴，覆盖北美、欧洲及亚太市场。
GBTG vs VRRM — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $257.9M |
| 净利润 | $83.0M | $18.9M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 16.7% |
| 净利率 | 10.5% | 7.3% |
| 营收同比 | 34.0% | 16.4% |
| 净利润同比 | 692.9% | 128.3% |
| 每股收益（稀释后） | $0.16 | $0.12 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $792.0M | $257.9M | ||
| Q3 25 | $674.0M | $261.9M | ||
| Q2 25 | $631.0M | $236.0M | ||
| Q1 25 | $621.0M | $223.3M | ||
| Q4 24 | $591.0M | $221.5M | ||
| Q3 24 | $597.0M | $225.6M | ||
| Q2 24 | $625.0M | $222.4M | ||
| Q1 24 | $610.0M | $209.7M |
| Q4 25 | $83.0M | $18.9M | ||
| Q3 25 | $-62.0M | $46.8M | ||
| Q2 25 | $15.0M | $38.6M | ||
| Q1 25 | $75.0M | $32.3M | ||
| Q4 24 | $-14.0M | $-66.7M | ||
| Q3 24 | $-128.0M | $34.7M | ||
| Q2 24 | $27.0M | $34.2M | ||
| Q1 24 | $-19.0M | $29.1M |
| Q4 25 | 3.7% | 16.7% | ||
| Q3 25 | 1.8% | 28.6% | ||
| Q2 25 | 5.4% | 26.8% | ||
| Q1 25 | 8.9% | 25.7% | ||
| Q4 24 | 5.1% | -19.6% | ||
| Q3 24 | 4.5% | 28.3% | ||
| Q2 24 | 6.7% | 27.5% | ||
| Q1 24 | 2.6% | 25.9% |
| Q4 25 | 10.5% | 7.3% | ||
| Q3 25 | -9.2% | 17.9% | ||
| Q2 25 | 2.4% | 16.3% | ||
| Q1 25 | 12.1% | 14.5% | ||
| Q4 24 | -2.4% | -30.1% | ||
| Q3 24 | -21.4% | 15.4% | ||
| Q2 24 | 4.3% | 15.4% | ||
| Q1 24 | -3.1% | 13.9% |
| Q4 25 | $0.16 | $0.12 | ||
| Q3 25 | $-0.13 | $0.29 | ||
| Q2 25 | $0.03 | $0.24 | ||
| Q1 25 | $0.16 | $0.20 | ||
| Q4 24 | $-0.04 | $-0.39 | ||
| Q3 24 | $-0.28 | $0.21 | ||
| Q2 24 | $0.06 | $0.20 | ||
| Q1 24 | $-0.04 | $0.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $434.0M | $65.3M |
| 总债务越低越好 | $1.4B | $1.0B |
| 股东权益账面价值 | $1.6B | $293.0M |
| 总资产 | $4.9B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.88× | 3.51× |
8季度趋势，按日历期对齐
| Q4 25 | $434.0M | $65.3M | ||
| Q3 25 | $427.0M | $196.1M | ||
| Q2 25 | $601.0M | $147.7M | ||
| Q1 25 | $552.0M | $108.5M | ||
| Q4 24 | $536.0M | $77.6M | ||
| Q3 24 | $524.0M | $206.1M | ||
| Q2 24 | $515.0M | $122.0M | ||
| Q1 24 | $475.0M | $149.5M |
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | $1.6B | $293.0M | ||
| Q3 25 | $1.5B | $403.1M | ||
| Q2 25 | $1.2B | $352.1M | ||
| Q1 25 | $1.1B | $299.6M | ||
| Q4 24 | $1.1B | $265.1M | ||
| Q3 24 | $1.1B | $486.5M | ||
| Q2 24 | $1.2B | $438.6M | ||
| Q1 24 | $1.2B | $449.0M |
| Q4 25 | $4.9B | $1.6B | ||
| Q3 25 | $4.8B | $1.8B | ||
| Q2 25 | $3.9B | $1.7B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.6B | $1.6B | ||
| Q3 24 | $3.8B | $1.9B | ||
| Q2 24 | $3.8B | $1.8B | ||
| Q1 24 | $3.8B | $1.8B |
| Q4 25 | 0.88× | 3.51× | ||
| Q3 25 | 0.91× | 2.55× | ||
| Q2 25 | 1.15× | 2.93× | ||
| Q1 25 | 1.23× | 3.45× | ||
| Q4 24 | 1.32× | 3.90× | ||
| Q3 24 | 1.26× | 2.13× | ||
| Q2 24 | — | 2.36× | ||
| Q1 24 | — | 2.31× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $52.0M | $40.0M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $5.7M |
| 自由现金流率自由现金流/营收 | 1.6% | 2.2% |
| 资本支出强度资本支出/营收 | 4.9% | 13.3% |
| 现金转化率经营现金流/净利润 | 0.63× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $104.0M | $136.7M |
8季度趋势，按日历期对齐
| Q4 25 | $52.0M | $40.0M | ||
| Q3 25 | $71.0M | $77.7M | ||
| Q2 25 | $57.0M | $75.1M | ||
| Q1 25 | $53.0M | $63.0M | ||
| Q4 24 | $65.0M | $40.5M | ||
| Q3 24 | $85.0M | $108.8M | ||
| Q2 24 | $73.0M | $40.0M | ||
| Q1 24 | $49.0M | $34.3M |
| Q4 25 | $13.0M | $5.7M | ||
| Q3 25 | $38.0M | $49.0M | ||
| Q2 25 | $27.0M | $40.3M | ||
| Q1 25 | $26.0M | $41.7M | ||
| Q4 24 | $33.0M | $21.6M | ||
| Q3 24 | $59.0M | $85.1M | ||
| Q2 24 | $49.0M | $26.0M | ||
| Q1 24 | $24.0M | $20.1M |
| Q4 25 | 1.6% | 2.2% | ||
| Q3 25 | 5.6% | 18.7% | ||
| Q2 25 | 4.3% | 17.1% | ||
| Q1 25 | 4.2% | 18.7% | ||
| Q4 24 | 5.6% | 9.8% | ||
| Q3 24 | 9.9% | 37.7% | ||
| Q2 24 | 7.8% | 11.7% | ||
| Q1 24 | 3.9% | 9.6% |
| Q4 25 | 4.9% | 13.3% | ||
| Q3 25 | 4.9% | 11.0% | ||
| Q2 25 | 4.8% | 14.8% | ||
| Q1 25 | 4.3% | 9.5% | ||
| Q4 24 | 5.4% | 8.5% | ||
| Q3 24 | 4.4% | 10.5% | ||
| Q2 24 | 3.8% | 6.3% | ||
| Q1 24 | 4.1% | 6.8% |
| Q4 25 | 0.63× | 2.12× | ||
| Q3 25 | — | 1.66× | ||
| Q2 25 | 3.80× | 1.95× | ||
| Q1 25 | 0.71× | 1.95× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.13× | ||
| Q2 24 | 2.70× | 1.17× | ||
| Q1 24 | — | 1.18× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
VRRM
| Services | $239.5M | 93% |
| CA | $8.4M | 3% |
| GB | $5.7M | 2% |
| Other Customer | $1.6M | 1% |
| Parking Solutions | $1.1M | 0% |
