GBTG vs. AER

Last updated Apr 1, 2026

Compare and contrast key facts about Global Business Travel Group Inc (GBTG) and AerCap Holdings N.V. (AER).

Performance

GBTG vs. AER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global Business Travel Group Inc (GBTG) and AerCap Holdings N.V. (AER). The values are adjusted to include any dividend payments, if applicable.

GBTG vs. AER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GBTG Global Business Travel Group Inc	-27.06%	-17.56%	43.88%	-4.44%	-31.61%	-5.19%	7.88%
AER AerCap Holdings N.V.	-4.32%	51.66%	29.81%	27.43%	-10.85%	43.53%	12.71%

Fundamentals

Market Cap GBTG : $2.92B AER : $22.89B
EPS GBTG : $0.22 AER : $21.70
PE Ratio GBTG : 25.33 AER : 6.32
PEG Ratio GBTG : 0.10 AER : 0.16
PS Ratio GBTG : 1.02 AER : 2.95
PB Ratio GBTG : 1.82 AER : 1.25
Total Revenue (TTM) GBTG : $2.72B AER : $8.02B
Gross Profit (TTM) GBTG : $1.63B AER : $4.21B
EBITDA (TTM) GBTG : $2.72B AER : $6.02B

Returns By Period

In the year-to-date period, GBTG achieves a -27.06% return, which is significantly lower than AER's -4.32% return.

GBTG

• 1D: 3.33%
• 1M: 2.01%
• YTD: -27.06%
• 6M: -30.94%
• 1Y: -23.14%
• 3Y*: -5.59%
• 5Y*: -10.85%
• 10Y*: —

AER

• 1D: 3.94%
• 1M: -8.20%
• YTD: -4.32%
• 6M: 13.90%
• 1Y: 35.54%
• 3Y*: 35.53%
• 5Y*: 18.64%
• 10Y*: 13.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GBTG vs. AER — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBTG

GBTG Risk / Return Rank: 17
GBTG Sharpe Ratio Rank: 17
GBTG Sortino Ratio Rank: 18
GBTG Omega Ratio Rank: 19
GBTG Calmar Ratio Rank: 21
GBTG Martin Ratio Rank: 11

AER

AER Risk / Return Rank: 80
AER Sharpe Ratio Rank: 82
AER Sortino Ratio Rank: 75
AER Omega Ratio Rank: 79
AER Calmar Ratio Rank: 82
AER Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBTG vs. AER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global Business Travel Group Inc (GBTG) and AerCap Holdings N.V. (AER). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GBTG	AER	Difference
Sharpe ratio Return per unit of total volatility	-0.55	1.33	-1.88
Sortino ratio Return per unit of downside risk	-0.56	1.81	-2.37
Omega ratio Gain probability vs. loss probability	0.93	1.27	-0.34
Calmar ratio Return relative to maximum drawdown	-0.60	2.41	-3.01
Martin ratio Return relative to average drawdown	-1.44	7.49	-8.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBTG vs. AER - Sharpe Ratio Comparison

The current GBTG Sharpe Ratio is -0.55, which is lower than the AER Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of GBTG and AER, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GBTG	AER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	1.33	-1.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	0.58	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.20	-0.44

Correlation

The correlation between GBTG and AER is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GBTG vs. AER - Dividend Comparison

GBTG has not paid dividends to shareholders, while AER's dividend yield for the trailing twelve months is around 0.88%.

	TTM	2025	2024
GBTG Global Business Travel Group Inc	0.00%	0.00%	0.00%
AER AerCap Holdings N.V.	0.88%	0.75%	0.78%

Drawdowns

GBTG vs. AER - Drawdown Comparison

The maximum GBTG drawdown since its inception was -60.07%, smaller than the maximum AER drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for GBTG and AER.

Drawdown Indicators

	GBTG	AER	Difference
Max Drawdown Largest peak-to-trough decline	-60.07%	-94.38%	+34.31%
Max Drawdown (1Y) Largest decline over 1 year	-40.41%	-14.77%	-25.64%
Max Drawdown (5Y) Largest decline over 5 years	-56.00%	-45.14%	-10.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.86%	—
Current Drawdown Current decline from peak	-49.36%	-11.16%	-38.20%
Average Drawdown Average peak-to-trough decline	-30.13%	-28.57%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.77%	4.75%	+12.02%

Volatility

GBTG vs. AER - Volatility Comparison

The current volatility for Global Business Travel Group Inc (GBTG) is 10.49%, while AerCap Holdings N.V. (AER) has a volatility of 12.30%. This indicates that GBTG experiences smaller price fluctuations and is considered to be less risky than AER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBTG	AER	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	12.30%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	31.58%	18.90%	+12.68%
Volatility (1Y) Calculated over the trailing 1-year period	42.60%	26.85%	+15.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.90%	32.28%	+9.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.79%	41.94%	-1.15%

Financials

GBTG vs. AER - Profitability Comparison

The chart below illustrates the profitability comparison between Global Business Travel Group Inc and AerCap Holdings N.V. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GBTG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Global Business Travel Group Inc reported a gross profit of 450.00M and revenue of 792.00M. Therefore, the gross margin over that period was 56.8%.

AER - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AerCap Holdings N.V. reported a gross profit of 1.13B and revenue of 2.17B. Therefore, the gross margin over that period was 52.3%.

GBTG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Global Business Travel Group Inc reported an operating income of 732.00M and revenue of 792.00M, resulting in an operating margin of 92.4%.

AER - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AerCap Holdings N.V. reported an operating income of 946.83M and revenue of 2.17B, resulting in an operating margin of 43.7%.

GBTG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Global Business Travel Group Inc reported a net income of 83.00M and revenue of 792.00M, resulting in a net margin of 10.5%.

AER - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AerCap Holdings N.V. reported a net income of 632.81M and revenue of 2.17B, resulting in a net margin of 29.2%.