MakeMyTrip (MMYT) vs Royal Caribbean Cruises (RCL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Royal Caribbean Cruises (RCL) has outperformed MakeMyTrip (MMYT) over the past year, losing 8.7% versus a loss of 53.0%. Over five years, RCL leads with a +226.0% price change compared with +45.2% for MMYT. Royal Caribbean Cruises is the larger company by market cap ($75.49 billion vs $4.21 billion), about 17.9 times the size, while MakeMyTrip is growing revenue faster (+25.0% vs +8.8%).
On valuation, Royal Caribbean Cruises trades at a lower forward P/E (13.8x vs 18.0x for MakeMyTrip). Royal Caribbean Cruises pays a dividend yielding 1.77%, while MakeMyTrip does not currently pay one. Royal Caribbean Cruises converts more of its revenue into profit, with a net margin of 23.8% 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 | MMYT | RCL |
|---|---|---|
| Share price | $44.73 | $282.26 |
| Market cap | $4.21B | $75.49B |
| 1-day change | +2.76% | +0.30% |
| YTD return | -46.99% | +0.89% |
| 1-year return | -53.03% | -8.72% |
| 5-year return | +45.23% | +226.01% |
| P/E ratio (TTM) | 223.65 | 17.42 |
| Forward P/E | 18.02 | 13.82 |
| EPS (TTM) | $0.20 | $16.20 |
| Dividend yield | 0.00% | 1.77% |
| Annual dividend | $0.00 | $5.00 |
| Revenue (latest FY) | $978.34M | $17.93B |
| Revenue growth (YoY) | +25.02% | +8.80% |
| Net income (latest FY) | $95.10M | $4.27B |
| Gross margin | 71.96% | 49.36% |
| Operating margin | 12.25% | 27.38% |
| Net margin | 9.72% | 23.80% |
| 52-week high | $96.60 | $356.39 |
| 52-week low | $32.67 | $222.22 |
| Distance from 52-week high | -53.70% | -20.80% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +64.99% | +24.12% |
| Average volume | 815.75K | 2.44M |
| Shares outstanding | 88.76M | 267.45M |
| Employees | 5,507 | 107,950 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Transportation Services | Marine Transportation |
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
- Royal Caribbean Cruises is about 17.9 times larger than MakeMyTrip by market value ($75.49B vs $4.21B).
- RCL has outperformed MMYT by 44.3 percentage points over the past year.
- MakeMyTrip trades at a higher earnings multiple (223.7x vs 17.4x trailing P/E).
- Royal Caribbean Cruises offers a meaningfully higher dividend yield (1.77% vs 0.00%).
- Royal Caribbean Cruises is more profitable, keeping 23.8 cents of every revenue dollar as net income versus 9.7 cents for MakeMyTrip.
- MakeMyTrip grew revenue faster in its latest fiscal year (+25.02% vs +8.80%).
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
About Royal Caribbean Cruises
RCL stock →Royal Caribbean Cruises Ltd. operates as a cruise company worldwide.
Consumer Discretionary · Marine Transportation · 107,950 employees
MMYT vs RCL FAQ
Which is bigger, MakeMyTrip or Royal Caribbean Cruises?
Royal Caribbean Cruises (RCL) is larger, with a market capitalization of $75.49B compared with $4.21B for MakeMyTrip (MMYT).
Which stock has performed better over the past year, MMYT or RCL?
RCL returned -8.72% 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, MMYT or RCL?
RCL has the lower trailing P/E at 17.4, versus 223.7 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, MakeMyTrip or Royal Caribbean Cruises?
Royal Caribbean Cruises pays a dividend yielding 1.77%, while MakeMyTrip does not currently pay a regular dividend.
Are MakeMyTrip and Royal Caribbean Cruises in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Transportation Services for MakeMyTrip and Marine Transportation for Royal Caribbean Cruises.