MakeMyTrip (MMYT) vs Travel Leisure (TNL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Travel Leisure (TNL) has outperformed MakeMyTrip (MMYT) over the past year, gaining 3.8% versus a loss of 53.0%. Over five years, MMYT leads with a +41.3% price change compared with +14.5% for TNL. MakeMyTrip is the larger company by market cap ($4.21 billion vs $3.84 billion), about 1.1 times the size.
On valuation, Travel Leisure trades at a lower forward P/E (7.1x vs 18.0x for MakeMyTrip). Travel Leisure pays a dividend yielding 3.70%, while MakeMyTrip does not currently pay one. MakeMyTrip converts more of its revenue into profit, with a net margin of 9.7% versus 5.7%.
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 | TNL |
|---|---|---|
| Share price | $44.73 | $62.62 |
| Market cap | $4.21B | $3.84B |
| 1-day change | +2.76% | +0.02% |
| YTD return | -46.99% | -11.23% |
| 1-year return | -53.03% | +3.78% |
| 5-year return | +41.33% | +14.46% |
| P/E ratio (TTM) | 223.65 | 17.11 |
| Forward P/E | 18.02 | 7.14 |
| EPS (TTM) | $0.20 | $3.66 |
| Dividend yield | 0.00% | 3.70% |
| Annual dividend | $0.00 | $2.32 |
| Revenue (latest FY) | $978.34M | $4.02B |
| Revenue growth (YoY) | +25.02% | +4.06% |
| Net income (latest FY) | $95.10M | $230.00M |
| Gross margin | 71.96% | 93.21% |
| Operating margin | 12.25% | 13.75% |
| Net margin | 9.72% | 5.72% |
| 52-week high | $96.60 | $81.00 |
| 52-week low | $32.67 | $58.07 |
| Distance from 52-week high | -53.70% | -22.69% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +64.99% | +45.59% |
| Average volume | 815.75K | 738.70K |
| Shares outstanding | 88.76M | 61.28M |
| Employees | 5,507 | 19,000 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Transportation Services | Hotels/Resorts |
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
- TNL has outperformed MMYT by 56.8 percentage points over the past year.
- MakeMyTrip trades at a higher earnings multiple (223.7x vs 17.1x trailing P/E).
- Travel Leisure offers a meaningfully higher dividend yield (3.70% vs 0.00%).
- MakeMyTrip grew revenue faster in its latest fiscal year (+25.02% vs +4.06%).
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 Travel Leisure
TNL stock →Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership.
Consumer Discretionary · Hotels/Resorts · 19,000 employees
MMYT vs TNL FAQ
Which is bigger, MakeMyTrip or Travel Leisure?
MakeMyTrip (MMYT) is larger, with a market capitalization of $4.21B compared with $3.84B for Travel Leisure (TNL).
Which stock has performed better over the past year, MMYT or TNL?
TNL returned +3.78% 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 TNL?
TNL has the lower trailing P/E at 17.1, 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 Travel Leisure?
Travel Leisure pays a dividend yielding 3.70%, while MakeMyTrip does not currently pay a regular dividend.
Are MakeMyTrip and Travel Leisure in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Transportation Services for MakeMyTrip and Hotels/Resorts for Travel Leisure.