Carnival (CCL) vs MakeMyTrip (MMYT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Carnival (CCL) has outperformed MakeMyTrip (MMYT) over the past year, losing 9.6% versus a loss of 53.0%. Over five years, MMYT leads with a +41.3% price change compared with +10.4% for CCL. Carnival is the larger company by market cap ($35.13 billion vs $4.09 billion), about 8.6 times the size, while MakeMyTrip is growing revenue faster (+25.0% vs +6.4%).
On valuation, Carnival trades at a lower forward P/E (10.2x vs 17.5x for MakeMyTrip). Carnival pays a dividend yielding 1.72%, while MakeMyTrip does not currently pay one. Carnival converts more of its revenue into profit, with a net margin of 10.4% versus 9.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CCL | MMYT |
|---|---|---|
| Share price | $26.13 | $43.53 |
| Market cap | $35.13B | $4.09B |
| 1-day change | -0.08% | +0.28% |
| YTD return | -14.44% | -46.99% |
| 1-year return | -9.65% | -53.03% |
| 5-year return | +10.39% | +41.33% |
| P/E ratio (TTM) | 11.51 | 217.65 |
| Forward P/E | 10.20 | 17.53 |
| EPS (TTM) | $2.27 | $0.20 |
| Dividend yield | 1.72% | 0.00% |
| Annual dividend | $0.45 | $0.00 |
| Revenue (latest FY) | $26.62B | $978.34M |
| Revenue growth (YoY) | +6.40% | +25.02% |
| Net income (latest FY) | $2.76B | $95.10M |
| Gross margin | — | 71.96% |
| Operating margin | 16.84% | 12.25% |
| Net margin | 10.37% | 9.72% |
| 52-week high | $34.03 | $96.60 |
| 52-week low | $21.45 | $32.67 |
| Distance from 52-week high | -23.21% | -54.94% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +29.85% | +69.54% |
| Average volume | 21.18M | 815.75K |
| Shares outstanding | 1.34B | 88.76M |
| Employees | 160,000 | 5,507 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Marine Transportation | Transportation Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Carnival is about 8.6 times larger than MakeMyTrip by market value ($35.13B vs $4.09B).
- CCL has outperformed MMYT by 43.4 percentage points over the past year.
- MakeMyTrip trades at a higher earnings multiple (217.7x vs 11.5x trailing P/E).
- Carnival offers a meaningfully higher dividend yield (1.72% vs 0.00%).
- MakeMyTrip grew revenue faster in its latest fiscal year (+25.02% vs +6.40%).
About Carnival
CCL stock →Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
Consumer Discretionary · Marine Transportation · 160,000 employees
About MakeMyTrip
MMYT stock →MakeMyTrip Limited, together with its subsidiaries, operates as a travel service provider in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, Saudi Arabia, Cambodia, and Indonesia. The company operates through three segments: Air Ticketing, Hotels, and Packages and Bus Ticketing.
Consumer Discretionary · Transportation Services · 5,507 employees
CCL vs MMYT FAQ
Which is bigger, Carnival or MakeMyTrip?
Carnival (CCL) is larger, with a market capitalization of $35.13B compared with $4.09B for MakeMyTrip (MMYT).
Which stock has performed better over the past year, CCL or MMYT?
CCL returned -9.65% over the past 12 months, compared with -53.03% for MMYT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CCL or MMYT?
CCL has the lower trailing P/E at 11.5, versus 217.7 for MMYT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Carnival or MakeMyTrip?
Carnival pays a dividend yielding 1.72%, while MakeMyTrip does not currently pay a regular dividend.
Are Carnival and MakeMyTrip in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Marine Transportation for Carnival and Transportation Services for MakeMyTrip.