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Annual data and sources

Global Business Travel Group, Inc. (GBTG) · NYSE · USD · Sector unavailable · CIK 0001820872

Annual coverage: 2019-12-31–2025-12-31 (7 periods). Financial snapshot built 2026-10-09.

GBTG annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for Global Business Travel Group, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
0.220.220.21UnavailableUnavailableBasic EPS (2026-03-09)
Diluted EPS (2026-03-09)
Operating cash flow (2026-03-09) · Capex (2026-03-09)
2024
2024-12-31
-0.30-0.300.36UnavailableUnavailableBasic EPS (2026-03-09)
Diluted EPS (2026-03-09)
Operating cash flow (2026-03-09) · Capex (2026-03-09)
2023
2023-12-31
-0.25-0.300.11UnavailableUnavailableBasic EPS (2026-03-09)
Diluted EPS (2026-03-09)
Operating cash flow (2026-03-09) · Capex (2026-03-09)
2022
2022-12-31
-0.50-0.51-1.09UnavailableUnavailableBasic EPS (2025-03-07)
Diluted EPS (2025-03-07)
Operating cash flow (2025-03-07) · Capex (2025-03-07)
2021
2021-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2024-03-13) · Capex (2024-03-13)
2020
2020-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2023-03-21) · Capex (2023-03-21)
2019
2019-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableSource unavailable

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-315.52Unavailable
Inputs & filings

revenue: 2718000000; averageDilutedShares: 492791804; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-03-09)
averageDilutedShares (2026-03-09)
2024-12-315.24Unavailable
Inputs & filings

revenue: 2423000000; averageDilutedShares: 462695229; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-03-09)
averageDilutedShares (2026-03-09)
2023-12-315.00Unavailable
Inputs & filings

revenue: 2290000000; averageDilutedShares: 458055525; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-03-09)
averageDilutedShares (2026-03-09)
2022-12-314.15Unavailable
Inputs & filings

revenue: 1851000000; averageDilutedShares: 445715051; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2025-03-07)
averageDilutedShares (2025-03-07)
2021-12-31UnavailableUnavailable
Inputs & filings

revenue: 763000000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2024-03-13)
2020-12-31UnavailableUnavailable
Inputs & filings

revenue: 793000000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2023-03-21)
2019-12-31UnavailableUnavailable
Inputs & filings

revenue: 0; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2022-03-01)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-313.8393.694.08
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":104000000,"capex":{"accession":"0001628280-26-015817","end":"2025-12-31","filed":"2026-03-09","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001628280-26-015817","end":"2025-12-31","filed":"2026-03-09","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2718000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"netIncome":{"value":111000000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"operatingIncome":{"value":130000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingAssets":{"value":3624000000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingCurrentLiabilities":{"value":780000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingCapitalEmployed":{"value":2844000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1051000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingTotalEquity":{"value":1057000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingCash":{"value":536000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":4916000000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCurrentLiabilities":{"value":1381000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCapitalEmployed":{"value":3535000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1608000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingTotalEquity":{"value":1612000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCash":{"value":434000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":109000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"incomeTaxExpense":{"value":40000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":3189500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 3.8263428991905815; cashConversion: 93.69369369369369; roce: 4.0758739614359625

fcfMargin component 1 (2026-03-09) · fcfMargin component 2 (2026-03-09) · fcfMargin component 3 (2026-03-09)
cashConversion component 1 (2026-03-09) · cashConversion component 2 (2026-03-09) · cashConversion component 3 (2026-03-09)
roce component 1 (2026-03-09) · roce component 2 (2026-03-09) · roce component 3 (2026-03-09) · roce component 4 (2026-03-09) · roce component 5 (2026-03-09)
2024-12-316.81Unavailable3.99
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":165000000,"capex":{"accession":"0001628280-26-015817","end":"2024-12-31","filed":"2026-03-09","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001628280-26-015817","end":"2024-12-31","filed":"2026-03-09","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2423000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"netIncome":{"value":-134000000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"operatingIncome":{"value":115000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingAssets":{"value":3751000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"openingCurrentLiabilities":{"value":831000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"openingCapitalEmployed":{"value":2920000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1208000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"openingTotalEquity":{"value":1212000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingCash":{"value":476000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3624000000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCurrentLiabilities":{"value":780000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCapitalEmployed":{"value":2844000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1051000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingTotalEquity":{"value":1057000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCash":{"value":536000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-138000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"incomeTaxExpense":{"value":66000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2882000000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 6.8097399917457695; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: 3.99028452463567

fcfMargin component 1 (2026-03-09) · fcfMargin component 2 (2026-03-09) · fcfMargin component 3 (2026-03-09)
cashConversion component 1 (2026-03-09) · cashConversion component 2 (2026-03-09) · cashConversion component 3 (2026-03-09)
roce component 1 (2026-03-09) · roce component 2 (2025-03-07) · roce component 3 (2025-03-07) · roce component 4 (2026-03-09) · roce component 5 (2026-03-09)
2023-12-312.14Unavailable-0.27
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":49000000,"capex":{"accession":"0001628280-26-015817","end":"2023-12-31","filed":"2026-03-09","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001628280-26-015817","end":"2023-12-31","filed":"2026-03-09","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2290000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"netIncome":{"value":-136000000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"operatingIncome":{"value":-8000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingAssets":{"value":3728000000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"openingCurrentLiabilities":{"value":773000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"openingCapitalEmployed":{"value":2955000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":152000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"openingTotalEquity":{"value":1371000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"openingCash":{"value":303000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3751000000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"closingCurrentLiabilities":{"value":831000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"closingCapitalEmployed":{"value":2920000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1208000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"closingTotalEquity":{"value":1212000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCash":{"value":476000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-63000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"incomeTaxExpense":{"value":-9000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2937500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 2.1397379912663754; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -0.2723404255319149

fcfMargin component 1 (2026-03-09) · fcfMargin component 2 (2026-03-09) · fcfMargin component 3 (2026-03-09)
cashConversion component 1 (2026-03-09) · cashConversion component 2 (2026-03-09) · cashConversion component 3 (2026-03-09)
roce component 1 (2026-03-09) · roce component 2 (2024-03-13) · roce component 3 (2024-03-13) · roce component 4 (2025-03-07) · roce component 5 (2025-03-07)
2022-12-31-26.36Unavailable-6.59
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-488000000,"capex":{"accession":"0001628280-25-011370","end":"2022-12-31","filed":"2025-03-07","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001628280-25-011370","end":"2022-12-31","filed":"2025-03-07","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1851000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"netIncome":{"value":-229000000,"tag":"ProfitLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"operatingIncome":{"value":-198000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"openingAssets":{"value":3771000000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"openingCurrentLiabilities":{"value":721000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"openingCapitalEmployed":{"value":3050000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1333000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"openingTotalEquity":{"value":1334000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"openingCash":{"value":516000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3728000000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"closingCurrentLiabilities":{"value":773000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"closingCapitalEmployed":{"value":2955000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":152000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"closingTotalEquity":{"value":1371000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-03-09","accession":"0001628280-26-015817","form":"10-K"},"closingCash":{"value":303000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-25000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"incomeTaxExpense":{"value":-61000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":3002500000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -26.36412749864938; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -6.594504579517069

fcfMargin component 1 (2025-03-07) · fcfMargin component 2 (2025-03-07) · fcfMargin component 3 (2025-03-07)
cashConversion component 1 (2025-03-07) · cashConversion component 2 (2025-03-07) · cashConversion component 3 (2025-03-07)
roce component 1 (2025-03-07) · roce component 2 (2023-03-21) · roce component 3 (2023-03-21) · roce component 4 (2024-03-13) · roce component 5 (2024-03-13)
2021-12-31-72.87Unavailable-28.97
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-556000000,"capex":{"accession":"0001820872-24-000005","end":"2021-12-31","filed":"2024-03-13","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001820872-24-000005","end":"2021-12-31","filed":"2024-03-13","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":763000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"netIncome":{"value":-475000000,"tag":"ProfitLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"operatingIncome":{"value":-560000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"openingAssets":{"value":818368660,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingCurrentLiabilities":{"value":2256681,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingCapitalEmployed":{"value":816111979,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-103928681,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingTotalEquity":{"value":984000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"openingCash":{"value":257872,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingCommonEquity":{"value":-103928681,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":3771000000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"closingCurrentLiabilities":{"value":721000000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"closingCapitalEmployed":{"value":3050000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1333000000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"closingTotalEquity":{"value":1334000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-03-07","accession":"0001628280-25-011370","form":"10-K"},"closingCash":{"value":516000000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":0,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"incomeTaxExpense":{"value":-186000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":1933055989.5,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -72.870249017038; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -28.969673048365678

fcfMargin component 1 (2024-03-13) · fcfMargin component 2 (2024-03-13) · fcfMargin component 3 (2024-03-13)
cashConversion component 1 (2024-03-13) · cashConversion component 2 (2024-03-13) · cashConversion component 3 (2024-03-13)
roce component 1 (2024-03-13) · roce component 2 (2022-03-01) · roce component 3 (2022-03-01) · roce component 4 (2023-03-21) · roce component 5 (2023-03-21)
2020-12-31-37.45UnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-297000000,"capex":{"accession":"0001104659-23-035161","end":"2020-12-31","filed":"2023-03-21","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001104659-23-035161","end":"2020-12-31","filed":"2023-03-21","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":793000000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"netIncome":{"value":-619000000,"tag":"ProfitLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"operatingIncome":{"value":-747000000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"openingAssets":{"value":1854,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-11-29","accession":"0001104659-21-144036","form":"10-K/A"},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"openingParentEquity":{"value":1854,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"openingTotalEquity":{"value":1682000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2019-12-31","filed":"2021-11-29","accession":"0001104659-21-144036","form":"10-K/A"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":818368660,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingCurrentLiabilities":{"value":2256681,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingCapitalEmployed":{"value":816111979,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-103928681,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingTotalEquity":{"value":984000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-03-13","accession":"0001820872-24-000005","form":"10-K"},"closingCash":{"value":257872,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingCommonEquity":{"value":-103928681,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-19641760,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-145000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -37.452711223203025; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31

fcfMargin component 1 (2023-03-21) · fcfMargin component 2 (2023-03-21) · fcfMargin component 3 (2023-03-21)
cashConversion component 1 (2023-03-21) · cashConversion component 2 (2023-03-21) · cashConversion component 3 (2023-03-21)
roce component 1 (2023-03-21) · roce component 2 (2021-11-29) · roce component 3 (2022-03-01) · roce component 4 (2022-03-01)
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"revenue":{"value":0,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"netIncome":{"value":-1853,"tag":"ProfitLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"operatingIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1854,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-11-29","accession":"0001104659-21-144036","form":"10-K/A"},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"closingParentEquity":{"value":1854,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"closingTotalEquity":{"value":1682000000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-03-21","accession":"0001104659-23-035161","form":"10-K"},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2019-12-31","filed":"2021-11-29","accession":"0001104659-21-144036","form":"10-K/A"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-1853,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001104659-22-028779","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Stored FCF total has no matching annual OCF/capex duration; cashConversion: Stored FCF total has no matching annual OCF/capex duration; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: operatingIncome, openingCapitalEmployed, closingCapitalEmployed; Missing or conflicting matching SEC fact; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31

fcfMargin component 1 (2022-03-01)
cashConversion component 1 (2022-03-01)
roce component 1 (2021-11-29)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-312,718,000,000.004.784.08
Inputs & filings

revenue: 2718000000; operatingIncome: 130000000; netIncome: 111000000

revenue (2026-03-09)
operatingIncome (2026-03-09)
netIncome (2026-03-09)
2024-12-312,423,000,000.004.75-5.53
Inputs & filings

revenue: 2423000000; operatingIncome: 115000000; netIncome: -134000000

revenue (2026-03-09)
operatingIncome (2026-03-09)
netIncome (2026-03-09)
2023-12-312,290,000,000.00-0.35-5.94
Inputs & filings

revenue: 2290000000; operatingIncome: -8000000; netIncome: -136000000

revenue (2026-03-09)
operatingIncome (2026-03-09)
netIncome (2026-03-09)
2022-12-311,851,000,000.00-10.70-12.37
Inputs & filings

revenue: 1851000000; operatingIncome: -198000000; netIncome: -229000000

revenue (2025-03-07)
operatingIncome (2025-03-07)
netIncome (2025-03-07)
2021-12-31763,000,000.00-73.39-62.25
Inputs & filings

revenue: 763000000; operatingIncome: -560000000; netIncome: -475000000

revenue (2024-03-13)
operatingIncome (2024-03-13)
netIncome (2024-03-13)
2020-12-31793,000,000.00-94.20-78.06
Inputs & filings

revenue: 793000000; operatingIncome: -747000000; netIncome: -619000000

revenue (2023-03-21)
operatingIncome (2023-03-21)
netIncome (2023-03-21)
2019-12-310.00UnavailableUnavailable
Inputs & filings

revenue: 0; operatingIncome: No unambiguous matching annual USD fact; netIncome: -1853

revenue (2022-03-01)
netIncome (2022-03-01)

Global Business Travel Group, Inc. (GBTG) P/E ratio history

The interactive P/E chart contains all 285 stored weekly price points (2020-11-27–2026-05-08); 19 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

1 eligible fiscal-year-end observations span 2025-12-31–2025-12-31. Latest eligible diluted P/E: 35.41×; basic P/E: 35.41×, for fiscal end 2025-12-31, using the close on 2025-12-26.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (7 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-267.79Adjusted close35.4135.41Basic EPS (2026-03-09) Diluted EPS (2026-03-09)
2024-12-312024-12-279.37Adjusted closeUnavailableUnavailableBasic EPS (2026-03-09) Diluted EPS (2026-03-09)
2023-12-312023-12-296.45Adjusted closeUnavailableUnavailableBasic EPS (2026-03-09) Diluted EPS (2026-03-09)
2022-12-312022-12-306.75Adjusted closeUnavailableUnavailableBasic EPS (2025-03-07) Diluted EPS (2025-03-07)
2021-12-312021-12-319.87Adjusted closeUnavailableUnavailable Source unavailable
2020-12-312020-12-3110.41Adjusted closeUnavailableUnavailable Source unavailable
2019-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

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