Global Business Travel Group, Inc. (GBTG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 28, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GBTG SEC filings page.
Global Business Travel Group, Inc. (GBTG) reported $3.2B in revenue over the twelve months to Jun 30, 2026, up 30.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business has reached operating profitability, but rising investment and a thinner current cushion keep accounting improvement from fully becoming cash.
Net income shifted to a profit in FY2025, while operating cash flow fell from$272M in FY2024 to$233M . That divergence indicates weaker cash conversion: the turnaround was more earnings-led than supported by increased cash generation.
Debt-to-equity fell from 1.3x to 0.8x as equity expanded, indicating a less debt-heavy capital structure. At the same time, the current ratio dropped from 1.6x to 1.1x, so improved long-term leverage came with thinner short-term coverage.
Free cash flow fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Global Business Travel Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Global Business Travel Group, Inc. has an operating margin of 4.8%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is unchanged from the prior year.
Global Business Travel Group, Inc.'s revenue grew 12.2% year-over-year to $2.7B, a solid pace of expansion. This earns a growth score of 63/100.
Global Business Travel Group, Inc. has elevated debt relative to equity (D/E of 0.85), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 23/100, reflecting increased financial risk.
Global Business Travel Group, Inc.'s current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Global Business Travel Group, Inc. has a free cash flow margin of 3.8%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Global Business Travel Group, Inc.'s ROE of 6.9% shows moderate profitability relative to equity, earning a score of 33/100. This is up from -12.8% the prior year.
Global Business Travel Group, Inc. scores 1.18, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($5.0B) relative to total liabilities ($3.3B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Global Business Travel Group, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Global Business Travel Group, Inc. generates $2.10 in operating cash flow ($233.0M OCF vs $111.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Global Business Travel Group, Inc. earns $1.37 in operating income for every $1 of interest expense ($130.0M vs $95.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Global Business Travel Group, Inc. generated $870.0M in revenue in Q2 2026. This represents an increase of 37.9% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.
Global Business Travel Group, Inc.'s EBITDA was $80.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.9% from the same quarter a year earlier. Against the prior quarter it is up 27.0%.
Global Business Travel Group, Inc. reported $17.0M in net income in Q2 2026. This represents an increase of 13.3% from the same quarter a year earlier. Against the prior quarter it is down 68.5%.
Global Business Travel Group, Inc. earned $0.03 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 70.0%.
Cash & Balance Sheet
Global Business Travel Group, Inc. generated $103.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 281.5% from the same quarter a year earlier. Against the prior quarter it is up 298.1%.
Global Business Travel Group, Inc. held $518.0M in cash against $1.5B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Global Business Travel Group, Inc.'s operating margin was 2.8% in Q2 2026, reflecting core business profitability. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.
Global Business Travel Group, Inc.'s net profit margin was 1.9% in Q2 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.
Global Business Travel Group, Inc.'s ROE was 1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Global Business Travel Group, Inc. spent $9.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 76.3%.
Global Business Travel Group, Inc. invested $39.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 30.0% from the same quarter a year earlier. Against the prior quarter it is up 5.4%.
Not reported for Q2 2026.
GBTG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $870.0M+37.9% | $840.0M+35.3% | $792.0M+34.0% | $674.0M+12.9% | $631.0M+1.0% | $621.0M+1.8% | $591.0M+7.7% | $597.0M+4.6% |
| SG&A Expenses | $110.0M+59.4% | $98.0M+44.1% | $77.0M+14.9% | $76.0M+1.3% | $69.0M-13.8% | $68.0M-20.9% | $67.0M+13.6% | $75.0M-2.6% |
| Operating Income | $24.0M-29.4% | $3.0M-94.5% | $29.0M-3.3% | $12.0M-55.6% | $34.0M-19.0% | $55.0M+243.8% | $30.0M+900.0% | $27.0M+775.0% |
| EBITDA | $80.0M+3.9% | $63.0M-33.7% | $89.0M+27.1% | $61.0M-12.9% | $77.0M-14.4% | $95.0M+50.8% | $70.0M+34.6% | $70.0M+52.2% |
| Interest Expense | $25.0M+8.7% | $27.0M+12.5% | $24.0M+9.1% | $24.0M-14.3% | $23.0M-28.1% | $24.0M-27.3% | $22.0M-38.9% | $28.0M-22.2% |
| Income Tax | $2.0M-90.5% | -$42.0M-300.0% | -$26.0M-336.4% | $24.0M-55.6% | $21.0M+180.8% | $21.0M-22.2% | $11.0M+266.7% | $54.0M+2800.0% |
| Net Income | $17.0M+13.3% | $54.0M-28.0% | $83.0M+692.9% | -$62.0M+51.6% | $15.0M-44.4% | $75.0M+494.7% | -$14.0M+69.6% | -$128.0M-1500.0% |
| EPS (Basic) | $0.030.0% | $0.10-37.5% | $0.16+500.0% | -$0.13+53.6% | $0.03-50.0% | $0.16+500.0% | -$0.04+75.0% | -$0.28 |
| EPS (Diluted) | $0.030.0% | $0.10-37.5% | $0.17+525.0% | -$0.13+53.6% | $0.03-50.0% | $0.16+500.0% | -$0.04+60.0% | -$0.28-1300.0% |
| Diluted Shares (Avg) | 520M+9.6% | 519M+8.5% | N/A | 486M+5.1% | 475M+0.9% | 479M+3.8% | N/A | 462M+1.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
GBTG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1B+31.2% | $5.1B+34.2% | $4.9B+35.7% | $4.8B+26.9% | $3.9B+2.4% | $3.8B-1.3% | $3.6B-3.4% | $3.8B-3.3% |
| Current Assets | $1.8B+17.9% | $1.8B+20.8% | $1.6B+22.5% | $1.6B+16.4% | $1.5B+4.8% | $1.5B-1.4% | $1.3B-5.8% | $1.4B-5.1% |
| Cash & Equivalents | $518.0M-13.8% | $442.0M-19.9% | $434.0M-19.0% | $427.0M-18.5% | $601.0M+16.7% | $552.0M+16.2% | $536.0M+12.6% | $524.0M+21.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $968.0M+34.1% | $1.0B+40.4% | $869.0M+52.2% | $930.0M+34.6% | $722.0M+1.4% | $717.0M-11.7% | $571.0M-21.3% | $691.0M-18.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.7B+33.0% | $1.7B+36.6% | $1.7B+39.1% | $1.6B+26.1% | $1.3B+3.6% | $1.2B+0.9% | $1.2B-0.9% | $1.2B+3.9% |
| Total Liabilities | $3.4B+27.1% | $3.4B+28.5% | $3.3B+26.8% | $3.2B+21.9% | $2.7B+3.9% | $2.7B-0.1% | $2.6B+1.1% | $2.6B+0.8% |
| Current Liabilities | $1.5B+63.6% | $1.5B+64.2% | $1.4B+77.1% | $1.3B+48.2% | $915.0M+4.1% | $910.0M-7.3% | $780.0M-6.1% | $892.0M-3.4% |
| Non-Current Liabilities | $1.9B+8.0% | $1.9B+9.9% | $1.9B+4.9% | $1.9B+8.6% | $1.7B+3.8% | $1.7B+4.1% | $1.8B+4.6% | $1.8B+3.1% |
| Long-Term Debt | $1.5B+6.5% | $1.5B+6.6% | $1.4B-0.4% | $1.4B-0.1% | $1.4B+0.3% | $1.4B+0.7% | $1.4B+0.7% | $1.4B+1.1% |
| Total Equity | $1.6B+36.6% | $1.6B+43.5% | $1.6B+53.0% | $1.5B+38.9% | $1.2B-1.2% | $1.1B-4.3% | $1.1B-13.0% | $1.1B-12.1% |
| Retained Earnings | -$1.4B+5.9% | -$1.4B+5.7% | -$1.5B+6.9% | -$1.5B+0.6% | -$1.5B-4.0% | -$1.5B-3.0% | -$1.6B-9.6% | -$1.6B-12.2% |
Not reported in any period shown, so not listed: Inventory.
GBTG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $142.0M+149.1% | -$15.0M-128.3% | $52.0M-20.0% | $71.0M-16.5% | $57.0M-21.9% | $53.0M+8.2% | $65.0M+12.1% | $85.0M-37.0% |
| Depreciation & Amortization | $56.0M+30.2% | $60.0M+50.0% | $60.0M+50.0% | $49.0M+14.0% | $43.0M-10.4% | $40.0M-14.9% | $40.0M-18.4% | $43.0M-14.0% |
| Stock-Based Compensation | N/A | $17.0M-10.5% | N/A | N/A | N/A | $19.0M+5.6% | N/A | N/A |
| Capital Expenditures | $39.0M+30.0% | $37.0M+37.0% | $39.0M+21.9% | $33.0M+26.9% | $30.0M+25.0% | $27.0M+8.0% | $32.0M+23.1% | $26.0M-7.1% |
| Free Cash Flow | $103.0M+281.5% | -$52.0M-300.0% | $13.0M-60.6% | $38.0M-35.6% | $27.0M-44.9% | $26.0M+8.3% | $33.0M+3.1% | $59.0M-44.9% |
| Investing Cash Flow | -$39.0M-225.0% | -$27.0M-50.0% | -$5.0M+84.4% | -$171.0M-557.7% | -$12.0M+36.8% | -$18.0M+28.0% | -$32.0M-23.1% | -$26.0M+10.3% |
| Financing Cash Flow | -$29.0M-26.1% | $49.0M+296.0% | -$47.0M-683.3% | -$33.0M+46.8% | -$23.0M-228.6% | -$25.0M-150.0% | -$6.0M-500.0% | -$62.0M-3000.0% |
| Share Buybacks | $9.0M | $38.0M+3700.0% | $39.0M | $33.0M-40.0% | $0 | $1.0M | $0 | $55.0M |
Not reported in any period shown, so not listed: Dividends Paid.
GBTG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.8%-2.6pp | 0.4%-8.5pp | 3.7%-1.4pp | 1.8%-2.7pp | 5.4%-1.3pp | 8.9%+6.2pp | 5.1%+4.5pp | 4.5%+5.2pp |
| Net Margin | 1.9%-0.4pp | 6.4%-5.7pp | 10.5%+12.8pp | -9.2%+12.2pp | 2.4%-1.9pp | 12.1%+15.2pp | -2.4%+6.0pp | -21.4%-20.0pp |
| Return on Equity | 1.0%-0.2pp | 3.4%-3.3pp | 5.2%+6.5pp | -4.0%+7.6pp | 1.3%-1.0pp | 6.7%+8.3pp | -1.3%+2.5pp | -11.6%-11.0pp |
| Return on Assets | 0.3%-0.1pp | 1.1%-0.9pp | 1.7%+2.1pp | -1.3%+2.1pp | 0.4%-0.3pp | 2.0%+2.5pp | -0.4%+0.8pp | -3.4%-3.2pp |
| Current Ratio | 1.20-0.5x | 1.18-0.4x | 1.14-0.5x | 1.23-0.3x | 1.660.0x | 1.60+0.1x | 1.640.0x | 1.560.0x |
| Debt-to-Equity | 0.89-0.2x | 0.90-0.3x | 0.85-0.5x | 0.89-0.3x | 1.140.0x | 1.22+0.1x | 1.30+0.2x | 1.24+0.2x |
| Asset Turnover | 0.170.0x | 0.170.0x | 0.160.0x | 0.140.0x | 0.160.0x | 0.160.0x | 0.160.0x | 0.160.0x |
| FCF Margin | 11.8%+7.6pp | -6.2%-10.4pp | 1.6%-3.9pp | 5.6%-4.2pp | 4.3%-3.6pp | 4.2%+0.3pp | 5.6%-0.2pp | 9.9%-8.9pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Global Business Travel Group, Inc. GBTG | FY2025 | $2.7B | $111.0M | 4.1% | $5.0B | 38/100 |
| Travel + Leisure Co. TNL | FY2025 | $4.0B | $230.2M | 5.7% | $3.8B | 33/100 |
| TripAdvisor, Inc. TRIP | FY2025 | $1.9B | $40.0M | 2.1% | $1.0B | 51/100 |
| MakeMyTrip Limited MMYT | FY2025 | $978.3M | $95.3M | 9.7% | $4.2B | 52/100 |
| Norwegian Cruise Line Holdings Ltd. NCLH | FY2025 | $9.8B | $423.2M | 4.3% | $7.1B | 32/100 |
| Expedia Group, Inc. EXPE | FY2025 | $14.7B | $1.3B | 8.8% | $32.9B | 63/100 |
Where Global Business Travel Group, Inc. Ranks
Frequently Asked Questions
What is Global Business Travel Group, Inc.'s annual revenue?
Global Business Travel Group, Inc. (GBTG) reported $2.7B in total revenue for fiscal year 2025. This represents a 12.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Global Business Travel Group, Inc.'s revenue growing?
Global Business Travel Group, Inc. (GBTG) revenue grew by 12.2% year-over-year, from $2.4B to $2.7B in fiscal year 2025.
Is Global Business Travel Group, Inc. profitable?
Yes, Global Business Travel Group, Inc. (GBTG) reported a net income of $111.0M in fiscal year 2025, with a net profit margin of 4.1%.
What is Global Business Travel Group, Inc.'s EBITDA?
Global Business Travel Group, Inc. (GBTG) had EBITDA of $322.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Global Business Travel Group, Inc. have?
As of fiscal year 2025, Global Business Travel Group, Inc. (GBTG) had $434.0M in cash and equivalents against $1.4B in long-term debt.
What is Global Business Travel Group, Inc.'s operating margin?
Global Business Travel Group, Inc. (GBTG) had an operating margin of 4.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Global Business Travel Group, Inc.'s net profit margin?
Global Business Travel Group, Inc. (GBTG) had a net profit margin of 4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Global Business Travel Group, Inc.'s return on equity (ROE)?
Global Business Travel Group, Inc. (GBTG) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Global Business Travel Group, Inc.'s free cash flow?
Global Business Travel Group, Inc. (GBTG) generated $104.0M in free cash flow during fiscal year 2025. This represents a -37.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Global Business Travel Group, Inc.'s operating cash flow?
Global Business Travel Group, Inc. (GBTG) generated $233.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Global Business Travel Group, Inc.'s total assets?
Global Business Travel Group, Inc. (GBTG) had $4.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Global Business Travel Group, Inc.'s capital expenditures?
Global Business Travel Group, Inc. (GBTG) invested $129.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Global Business Travel Group, Inc.'s current ratio?
Global Business Travel Group, Inc. (GBTG) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is Global Business Travel Group, Inc.'s debt-to-equity ratio?
Global Business Travel Group, Inc. (GBTG) had a debt-to-equity ratio of 0.85 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Business Travel Group, Inc.'s return on assets (ROA)?
Global Business Travel Group, Inc. (GBTG) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Global Business Travel Group, Inc.'s P/E ratio?
Global Business Travel Group, Inc. (GBTG) trades at 53.9x earnings, its market capitalization divided by net income of $92.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.0B as of Sep 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Global Business Travel Group, Inc.'s price-to-sales ratio?
Global Business Travel Group, Inc. (GBTG) trades at 1.6x sales, its market capitalization divided by revenue of $3.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.0B as of Sep 28, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Global Business Travel Group, Inc.'s Altman Z-Score?
Global Business Travel Group, Inc. (GBTG) has an Altman Z-Score of 1.18, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Global Business Travel Group, Inc.'s Piotroski F-Score?
Global Business Travel Group, Inc. (GBTG) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Global Business Travel Group, Inc.'s earnings high quality?
Global Business Travel Group, Inc. (GBTG) has an earnings quality ratio of 2.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Global Business Travel Group, Inc. cover its interest payments?
Global Business Travel Group, Inc. (GBTG) has an interest coverage ratio of 1.37x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Global Business Travel Group, Inc.?
Global Business Travel Group, Inc. (GBTG) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.