MakeMyTrip (MMYT) vs Trip.com Group (TCOM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Trip.com Group (TCOM) has outperformed MakeMyTrip (MMYT) over the past year, losing 46.8% versus a loss of 53.8%. Over five years, MMYT leads with a +40.9% price change compared with +16.4% for TCOM. Trip.com Group is the larger company by market cap ($23.90 billion vs $4.09 billion), about 5.8 times the size, while MakeMyTrip is growing revenue faster (+25.0% vs +22.2%).
On valuation, Trip.com Group trades at a lower forward P/E (9.2x vs 17.5x for MakeMyTrip). Trip.com Group converts more of its revenue into profit, with a net margin of 53.4% 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 | MMYT | TCOM |
|---|---|---|
| Share price | $43.53 | $37.96 |
| Market cap | $4.09B | $23.90B |
| 1-day change | +0.28% | -0.34% |
| YTD return | -47.14% | -47.03% |
| 1-year return | -53.84% | -46.82% |
| 5-year return | +40.94% | +16.41% |
| P/E ratio (TTM) | 217.65 | 7.65 |
| Forward P/E | 17.53 | 9.25 |
| EPS (TTM) | $0.20 | $4.96 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $978.34M | $8.93B |
| Revenue growth (YoY) | +25.02% | +22.23% |
| Net income (latest FY) | $95.10M | $4.76B |
| Gross margin | 71.96% | 80.58% |
| Operating margin | 12.25% | 25.29% |
| Net margin | 9.72% | 53.36% |
| 52-week high | $96.60 | $78.99 |
| 52-week low | $32.67 | $37.58 |
| Distance from 52-week high | -54.94% | -51.94% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +69.54% | +54.21% |
| Average volume | 802.57K | 3.22M |
| Shares outstanding | 88.76M | 629.71M |
| Employees | 5,507 | 43,574 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Transportation Services | Business 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
- Trip.com Group is about 5.8 times larger than MakeMyTrip by market value ($23.90B vs $4.09B).
- MakeMyTrip trades at a higher earnings multiple (217.7x vs 7.7x trailing P/E).
- Trip.com Group is more profitable, keeping 53.4 cents of every revenue dollar as net income versus 9.7 cents for MakeMyTrip.
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 Trip.com Group
TCOM stock →Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally. It acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.
Consumer Discretionary · Business Services · 43,574 employees
MMYT vs TCOM FAQ
Which is bigger, MakeMyTrip or Trip.com Group?
Trip.com Group (TCOM) is larger, with a market capitalization of $23.90B compared with $4.09B for MakeMyTrip (MMYT).
Which stock has performed better over the past year, MMYT or TCOM?
TCOM returned -46.82% over the past 12 months, compared with -53.84% for MMYT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MMYT or TCOM?
TCOM has the lower trailing P/E at 7.7, 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.
Are MakeMyTrip and Trip.com Group in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Transportation Services for MakeMyTrip and Business Services for Trip.com Group.