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Global Business Travel Group vs Gatx: GBTG and GATX compared
Global Business Travel Group is the larger company: $870M of revenue in its latest quarter (Q2 2026) against $598M for Gatx (Q3 2026). Global Business Travel Group is growing faster (+38% against +36% a year earlier). Gatx is more profitable, with an operating margin of 32.2% against 2.8%.
Where the money goes: GBTG and GATX
Global Business Travel Group (GBTG) · Q2 2026
Global Business Travel Group, Q2 2026: revenue $870M (+38% year over year), operating margin 2.8%, net earnings $15.0M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
Gatx (GATX) · Q3 2026
Gatx, Q3 2026: revenue $598M (+36% year over year), operating margin 32.2%, net earnings $105M, operating cash flow $244M. The chart follows the revenue to costs, profit and cash.
| Global Business Travel Group (GBTG) | Gatx (GATX) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $870M | $598M |
| Revenue growth, Y/Y | +38% | +36% |
| Operating margin | 2.8% | 32.2% |
| Net earnings | $15.0M | $105M |
| Net margin | 1.7% | 17.6% |
| Operating cash flow | $142M | $244M |
| Free cash flow | $103M | — |
| Market value | — | $6.5B |
| P/E | — | 17.0× |
| Analysts’ mean target | — | $221.75 |
Where the revenue comes from
Global Business Travel Group
- Travel revenue: $700M (80%)
- Product and professional services revenue: $170M (20%)
Gatx
- Rail North America: $448M (75%)
- Rail International: $108M (18%)
- Engine Leasing: $31.0M (5%)
- Other: $10.5M (2%)
Questions
Which is bigger, Global Business Travel Group or Gatx?
Global Business Travel Group is the larger company: $870M of revenue in its latest quarter (Q2 2026) against $598M for Gatx (Q3 2026).
Is Global Business Travel Group or Gatx growing faster?
Global Business Travel Group is growing faster (+38% against +36% a year earlier).
Which is more profitable, Global Business Travel Group or Gatx?
Gatx is more profitable, with an operating margin of 32.2% against 2.8%.
More: Global Business Travel Group earnings · how Global Business Travel Group makes money · Gatx earnings · how Gatx makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.