Global Business Travel Group
GBTG
9.50
0.00
0.00%
Global Business Travel Group
US · GBTG
#2142 by market cap
Listed 1970
9.50
0.00
0.00%
Live - 5344 symbols - heartbeat 16s ago
· 2026-10-07 19:54
- Market cap
- 4.96B
- P/E (TTM)i
- 59.38
- P/Bi
- 3.03
- EPSi
- 0.22
- Div yieldi
- 0.00%
- 52W posi
- 99%
Reader sentiment
Are you bullish or bearish on GBTG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.22, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year +12.18% YoY
Margins
- Gross margin
- 60.08%
- Operating margin
- 6.70%
- Net margin
- 4.01%
Key ratios & quality
- Enterprise valuei
- 5.97B
- Altman Z-Scorei
- 1.22
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.12B | 793.00M | 763.00M | 1.85B | 2.29B | 2.42B | 2.72B |
| Gross profit | 1.24B | 264.00M | 286.00M | 1.02B | 1.33B | 1.46B | 1.63B |
| Selling & admin expenses | 541.00M | 380.00M | 414.00M | 650.00M | 688.00M | 708.00M | 732.00M |
| Research & development | 339.00M | 277.00M | 264.00M | 388.00M | 413.00M | 442.00M | 527.00M |
| Operating profit | 218.00M | -541.00M | -546.00M | -201.00M | 34.00M | 128.00M | 182.00M |
| Pretax profit | 193.00M | -759.00M | -653.00M | -287.00M | -145.00M | -71.00M | 147.00M |
| Tax | 60.00M | -145.00M | -186.00M | -61.00M | -9.00M | 66.00M | 40.00M |
| Net profit | 138.00M | -619.00M | -475.00M | -229.00M | -136.00M | -134.00M | 111.00M |
| Basic EPS | 2 | 0 | 0 | -1 | 0 | 0 | 0 |
| Diluted EPS | 2.35 | 0.00 | 0.00 | -0.51 | -0.30 | -0.30 | 0.22 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 621.00M | 631.00M | 674.00M | 792.00M | 840.00M | 870.00M |
| Gross profit | 390.00M | 389.00M | 404.00M | 450.00M | 490.00M | 514.00M |
| Selling & admin expenses | 171.00M | 180.00M | 184.00M | 197.00M | 224.00M | 233.00M |
| Research & development | 120.00M | 120.00M | 130.00M | 157.00M | 159.00M | 160.00M |
| Operating profit | 59.00M | 46.00M | 41.00M | 36.00M | 47.00M | 65.00M |
| Pretax profit | 96.00M | 34.00M | -40.00M | 57.00M | 11.00M | 15.00M |
| Tax | 21.00M | 21.00M | 24.00M | -26.00M | -42.00M | 2.00M |
| Net profit | 75.00M | 15.00M | -62.00M | 83.00M | 54.00M | 17.00M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.16 | 0.03 | -0.13 | 0.16 | 0.10 | 0.03 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total current assets | -- | 869.00M | 1.05B | 1.23B | 1.36B | 1.28B | 1.57B |
| Cash & ST investments | -- | 584.00M | 516.00M | 303.00M | 476.00M | 536.00M | 434.00M |
| Inventory | -- | -- | -- | -- | -- | -- | -- |
| Total assets | -- | 2.76B | 3.77B | 3.73B | 3.75B | 3.62B | 4.92B |
| Total current liabilities | -- | 570.00M | 721.00M | 773.00M | 831.00M | 780.00M | 1.38B |
| Short-term debt | -- | 27.00M | 24.00M | 20.00M | 24.00M | 34.00M | 84.00M |
| Long-term debt | -- | 617.00M | 1.02B | 1.22B | 1.36B | 1.37B | 1.36B |
| Total liabilities | -- | 1,774,000,000.00 | 2,277,000,000.00 | 2,357,000,000.00 | 2,539,000,000.00 | 2,567,000,000.00 | 3,255,000,000.00 |
| Total equity | -- | 984.00M | 1.49B | 1.37B | 1.21B | 1.06B | 1.66B |
| Retained earnings | -- | -592.00M | -1.07B | -175.00M | -1.44B | -1.58B | -1.47B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.46B | 1.52B | 1.62B | 1.57B | 1.76B | 1.79B |
| Cash & ST investments | 552.00M | 601.00M | 427.00M | 434.00M | 442.00M | 518.00M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 3.79B | 3.87B | 4.76B | 4.92B | 5.08B | 5.08B |
| Total current liabilities | 910.00M | 915.00M | 1.32B | 1.38B | 1.49B | 1.50B |
| Short-term debt | 33.00M | 34.00M | 45.00M | 84.00M | 87.00M | 84.00M |
| Long-term debt | 1.37B | 1.36B | 1.37B | 1.36B | 1.46B | 1.45B |
| Total liabilities | 2,658,000,000.00 | 2,664,000,000.00 | 3,226,000,000.00 | 3,255,000,000.00 | 3,415,000,000.00 | 3,386,000,000.00 |
| Total equity | 1.13B | 1.21B | 1.53B | 1.66B | 1.66B | 1.69B |
| Retained earnings | -1.50B | -1.49B | -1.55B | -1.47B | -1.41B | -1.40B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 227.00M | -250.00M | -512.00M | -394.00M | 162.00M | 272.00M | 233.00M |
| Depreciation & amortization | 141.00M | 148.00M | 154.00M | 182.00M | 194.00M | 178.00M | 192.00M |
| Free cash flow | 165.00M | -297.00M | -556.00M | -488.00M | 49.00M | 165.00M | 104.00M |
| Dividends paid | -58.00M | 0 | -1.00M | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | 0 | -55.00M | -73.00M |
| Ending cash balance | 499.00M | 593.00M | 525.00M | 316.00M | 489.00M | 561.00M | 479.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 53.00M | 57.00M | 71.00M | 52.00M | -15.00M | 142.00M |
| Depreciation & amortization | 40.00M | 43.00M | 49.00M | 60.00M | 60.00M | 56.00M |
| Free cash flow | 26.00M | 27.00M | 38.00M | 13.00M | -52.00M | 103.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -1.00M | 0 | -33.00M | -39.00M | -38.00M | -9.00M |
| Ending cash balance | 577.00M | 618.00M | 481.00M | 479.00M | 480.00M | 552.00M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE %i | -- | 0.00 | -41.75 | -3.37 | -9.26 | -12.22 | 8.20 |
| ROA %i | -- | 0.00 | -14.80 | -0.67 | -1.68 | -3.74 | 2.55 |
| ROIC %i | -- | 1.25 | -21.63 | 2.68 | 3.33 | -2.01 | 6.12 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -4.97 | -3.33 |
| EBIT margin %i | 9.82 | -92.31 | -78.64 | -10.21 | -0.17 | 1.82 | 8.90 |
| FCF / sales %i | 7.79 | -- | -- | -- | 2.14 | 6.81 | 3.83 |
| Current ratioi | -- | 1.52 | 1.46 | 1.60 | 1.64 | 1.64 | 1.14 |
| Quick ratioi | -- | 1.45 | 1.37 | 1.54 | 1.58 | 1.56 | 1.05 |
| Debt / assetsi | -- | 25.45 | 29.30 | 34.87 | 38.23 | 40.34 | 30.63 |
| LT debt / equityi | -- | 68.81 | 81.10 | 842.11 | 116.72 | 135.87 | 88.43 |
| Interest coveragei | 13.87 | -27.11 | -11.32 | -1.93 | -0.03 | 0.38 | 2.55 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -4.41 | 42.40 | 46.99 | 13.66 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -3.84 | -4.72 | 0.76 | 8.20 | 6.30 | 6.20 |
| ROA %i | -1.15 | -1.49 | 0.24 | 2.55 | 1.94 | 1.97 |
| ROIC %i | 1.29 | 0.50 | 2.77 | 6.12 | 4.85 | 4.90 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 5.05 | 6.02 | 7.03 | 8.90 | 5.45 | 4.50 |
| FCF / sales %i | 6.86 | 5.94 | 4.93 | 3.83 | 0.89 | 3.21 |
| Current ratioi | 1.60 | 1.66 | 1.23 | 1.14 | 1.18 | 1.20 |
| Quick ratioi | 1.52 | 1.59 | 1.15 | 1.05 | 1.01 | 1.04 |
| Debt / assetsi | 38.52 | 37.56 | 30.99 | 30.63 | 31.62 | 31.50 |
| LT debt / equityi | 127.12 | 118.33 | 93.53 | 88.43 | 94.41 | 92.43 |
| Interest coveragei | 1.16 | 1.52 | 1.90 | 2.55 | 1.63 | 1.43 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Travel revenue is the largest reported line at 80.46% of revenue, across 2 reported segments.
- The next-largest line, Product and professional services revenue, is a distant second at 19.54% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Travel revenue80.46%
Product and professional services revenue19.54%
Quote time 2026-10-07 19:54:59 · For reference only, not investment advice and not tailored to your situation.