MakeMyTrip (MMYT) vs Viking (VIK)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Viking (VIK) has outperformed MakeMyTrip (MMYT) over the past year, gaining 36.6% versus a loss of 53.8%. Viking is the larger company by market cap ($36.29 billion vs $4.08 billion), about 8.9 times the size, while MakeMyTrip is growing revenue faster (+25.0% vs +21.9%). On valuation, MakeMyTrip trades at a lower forward P/E (17.5x vs 18.5x for Viking).
Viking converts more of its revenue into profit, with a net margin of 17.7% 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 | VIK |
|---|---|---|
| Share price | $43.41 | $81.26 |
| Market cap | $4.08B | $36.29B |
| 1-day change | +0.09% | -0.47% |
| YTD return | -47.14% | +13.79% |
| 1-year return | -53.84% | +36.57% |
| 5-year return | +40.94% | — |
| P/E ratio (TTM) | 217.05 | 27.00 |
| Forward P/E | 17.49 | 18.53 |
| EPS (TTM) | $0.20 | $3.01 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $978.34M | $6.50B |
| Revenue growth (YoY) | +25.02% | +21.89% |
| Net income (latest FY) | $95.10M | $1.15B |
| Gross margin | 71.96% | 43.34% |
| Operating margin | 12.25% | 23.10% |
| Net margin | 9.72% | 17.65% |
| 52-week high | $96.60 | $110.09 |
| 52-week low | $32.67 | $56.37 |
| Distance from 52-week high | -55.06% | -26.19% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +70.01% | +34.81% |
| Average volume | 802.57K | 3.45M |
| Shares outstanding | 88.76M | 318.87M |
| Employees | 5,507 | 13,000 |
| 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
- Viking is about 8.9 times larger than MakeMyTrip by market value ($36.29B vs $4.08B).
- VIK has outperformed MMYT by 90.4 percentage points over the past year.
- MakeMyTrip trades at a higher earnings multiple (217.1x vs 27.0x trailing P/E).
- Viking is more profitable, keeping 17.7 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 Viking
VIK stock →Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments.
Consumer Discretionary · Marine Transportation · 13,000 employees
MMYT vs VIK FAQ
Which is bigger, MakeMyTrip or Viking?
Viking (VIK) is larger, with a market capitalization of $36.29B compared with $4.08B for MakeMyTrip (MMYT).
Which stock has performed better over the past year, MMYT or VIK?
VIK returned +36.57% 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 VIK?
VIK has the lower trailing P/E at 27.0, versus 217.1 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 Viking in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Transportation Services for MakeMyTrip and Marine Transportation for Viking.