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EXPE vs MMYT
Revenue, margins, valuation, and 5-year total return — side by side.
Travel Services
EXPE vs MMYT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Travel Services | Travel Services |
| Market Cap | $29.58B | $4.52B |
| Revenue (TTM) | $15.17B | $1.04B |
| Net Income (TTM) | $1.56B | $57M |
| Gross Margin | 88.8% | 73.4% |
| Operating Margin | 14.7% | 14.1% |
| Forward P/E | 13.0x | 73.2x |
| Total Debt | $6.67B | $237M |
| Cash & Equiv. | $6.98B | $509M |
EXPE vs MMYT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Expedia Group, Inc. (EXPE) | 100 | 318.1 | +218.1% |
| MakeMyTrip Limited (MMYT) | 100 | 326.1 | +226.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EXPE vs MMYT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EXPE carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (13.0x vs 73.2x)
- 10.3% margin vs MMYT's 5.5%
- 0.6% yield; 2-year raise streak; the other pay no meaningful dividend
MMYT is the clearest fit if your priority is income & stability and growth exposure.
- beta 1.17
- Rev growth 25.0%, EPS growth -54.6%, 3Y rev CAGR 47.7%
- 190.1% 10Y total return vs EXPE's 130.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 25.0% revenue growth vs EXPE's 7.6% | |
| Value | Lower P/E (13.0x vs 73.2x) | |
| Quality / Margins | 10.3% margin vs MMYT's 5.5% | |
| Stability / Safety | Beta 1.17 vs EXPE's 1.47, lower leverage | |
| Dividends | 0.6% yield; 2-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +52.8% vs MMYT's -54.9% | |
| Efficiency (ROA) | 6.0% ROA vs MMYT's 3.1%, ROIC 40.2% vs 9.2% |
EXPE vs MMYT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EXPE vs MMYT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EXPE leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EXPE is the larger business by revenue, generating $15.2B annually — 14.6x MMYT's $1.0B. Profitability is closely matched — net margins range from 10.3% (EXPE) to 5.5% (MMYT). On growth, EXPE holds the edge at +14.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $15.2B | $1.0B |
| EBITDAEarnings before interest/tax | $3.1B | $175M |
| Net IncomeAfter-tax profit | $1.6B | $57M |
| Free Cash FlowCash after capex | $4.9B | $224M |
| Gross MarginGross profit ÷ Revenue | +88.8% | +73.4% |
| Operating MarginEBIT ÷ Revenue | +14.7% | +14.1% |
| Net MarginNet income ÷ Revenue | +10.3% | +5.5% |
| FCF MarginFCF ÷ Revenue | +32.1% | +21.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.7% | +10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +96.8% | -68.3% |
Valuation Metrics
EXPE leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 25.8x trailing earnings, EXPE trades at a 58% valuation discount to MMYT's 60.9x P/E. On an enterprise value basis, EXPE's 10.2x EV/EBITDA is more attractive than MMYT's 28.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $29.6B | $4.5B |
| Enterprise ValueMkt cap + debt − cash | $29.3B | $4.3B |
| Trailing P/EPrice ÷ TTM EPS | 25.77x | 60.86x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.02x | 73.17x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.22x | 28.92x |
| Price / SalesMarket cap ÷ Revenue | 2.01x | 4.62x |
| Price / BookPrice ÷ Book value/share | 13.10x | 4.79x |
| Price / FCFMarket cap ÷ FCF | 9.51x | 26.07x |
Profitability & Efficiency
EXPE leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
EXPE delivers a 68.7% return on equity — every $100 of shareholder capital generates $69 in annual profit, vs $8 for MMYT. MMYT carries lower financial leverage with a 0.20x debt-to-equity ratio, signaling a more conservative balance sheet compared to EXPE's 2.62x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +68.7% | +8.2% |
| ROA (TTM)Return on assets | +6.0% | +3.1% |
| ROICReturn on invested capital | +40.2% | +9.2% |
| ROCEReturn on capital employed | +23.9% | +9.2% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 2.62x | 0.20x |
| Net DebtTotal debt minus cash | -$307M | -$272M |
| Cash & Equiv.Liquid assets | $7.0B | $509M |
| Total DebtShort + long-term debt | $6.7B | $237M |
| Interest CoverageEBIT ÷ Interest expense | 16.35x | 1.67x |
Total Returns (Dividends Reinvested)
EXPE leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MMYT five years ago would be worth $19,700 today (with dividends reinvested), compared to $14,693 for EXPE. Over the past 12 months, EXPE leads with a +52.8% total return vs MMYT's -54.9%. The 3-year compound annual growth rate (CAGR) favors EXPE at 40.2% vs MMYT's 25.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -10.5% | -38.3% |
| 1-Year ReturnPast 12 months | +52.8% | -54.9% |
| 3-Year ReturnCumulative with dividends | +175.6% | +97.5% |
| 5-Year ReturnCumulative with dividends | +46.9% | +97.0% |
| 10-Year ReturnCumulative with dividends | +130.6% | +190.1% |
| CAGR (3Y)Annualised 3-year return | +40.2% | +25.5% |
Risk & Volatility
Evenly matched — EXPE and MMYT each lead in 1 of 2 comparable metrics.
Risk & Volatility
MMYT is the less volatile stock with a 1.17 beta — it tends to amplify market swings less than EXPE's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EXPE currently trades 83.2% from its 52-week high vs MMYT's 44.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.47x | 1.17x |
| 52-Week HighHighest price in past year | $303.80 | $113.85 |
| 52-Week LowLowest price in past year | $148.55 | $32.84 |
| % of 52W HighCurrent price vs 52-week peak | +83.2% | +44.4% |
| RSI (14)Momentum oscillator 0–100 | 50.2 | 59.4 |
| Avg Volume (50D)Average daily shares traded | 1.9M | 1.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates EXPE as "Hold" and MMYT as "Buy". Consensus price targets imply 80.2% upside for MMYT (target: $91) vs 7.7% for EXPE (target: $272). EXPE is the only dividend payer here at 0.60% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $272.35 | $91.00 |
| # AnalystsCovering analysts | 75 | 11 |
| Dividend YieldAnnual dividend ÷ price | +0.6% | — |
| Dividend StreakConsecutive years of raises | 2 | — |
| Dividend / ShareAnnual DPS | $1.52 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +6.5% | +0.5% |
EXPE leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
EXPE vs MMYT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is EXPE or MMYT a better buy right now?
For growth investors, MakeMyTrip Limited (MMYT) is the stronger pick with 25.
0% revenue growth year-over-year, versus 7. 6% for Expedia Group, Inc. (EXPE). Expedia Group, Inc. (EXPE) offers the better valuation at 25. 8x trailing P/E (13. 0x forward), making it the more compelling value choice. Analysts rate MakeMyTrip Limited (MMYT) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EXPE or MMYT?
On trailing P/E, Expedia Group, Inc.
(EXPE) is the cheapest at 25. 8x versus MakeMyTrip Limited at 60. 9x. On forward P/E, Expedia Group, Inc. is actually cheaper at 13. 0x.
03Which is the better long-term investment — EXPE or MMYT?
Over the past 5 years, MakeMyTrip Limited (MMYT) delivered a total return of +97.
0%, compared to +46. 9% for Expedia Group, Inc. (EXPE). Over 10 years, the gap is even starker: MMYT returned +190. 1% versus EXPE's +130. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EXPE or MMYT?
By beta (market sensitivity over 5 years), MakeMyTrip Limited (MMYT) is the lower-risk stock at 1.
17β versus Expedia Group, Inc. 's 1. 47β — meaning EXPE is approximately 26% more volatile than MMYT relative to the S&P 500. On balance sheet safety, MakeMyTrip Limited (MMYT) carries a lower debt/equity ratio of 20% versus 3% for Expedia Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — EXPE or MMYT?
By revenue growth (latest reported year), MakeMyTrip Limited (MMYT) is pulling ahead at 25.
0% versus 7. 6% for Expedia Group, Inc. (EXPE). On earnings-per-share growth, the picture is similar: Expedia Group, Inc. grew EPS 9. 6% year-over-year, compared to -54. 6% for MakeMyTrip Limited. Over a 3-year CAGR, MMYT leads at 47. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EXPE or MMYT?
MakeMyTrip Limited (MMYT) is the more profitable company, earning 9.
7% net margin versus 8. 8% for Expedia Group, Inc. — meaning it keeps 9. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EXPE leads at 13. 4% versus 12. 3% for MMYT. At the gross margin level — before operating expenses — EXPE leads at 84. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EXPE or MMYT more undervalued right now?
On forward earnings alone, Expedia Group, Inc.
(EXPE) trades at 13. 0x forward P/E versus 73. 2x for MakeMyTrip Limited — 60. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MMYT: 80. 2% to $91. 00.
08Which pays a better dividend — EXPE or MMYT?
In this comparison, EXPE (0.
6% yield) pays a dividend. MMYT does not pay a meaningful dividend and should not be held primarily for income.
09Is EXPE or MMYT better for a retirement portfolio?
For long-horizon retirement investors, Expedia Group, Inc.
(EXPE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0. 6% yield, +130. 6% 10Y return). Both have compounded well over 10 years (EXPE: +130. 6%, MMYT: +190. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EXPE and MMYT?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: EXPE is a mid-cap quality compounder stock; MMYT is a small-cap high-growth stock. EXPE pays a dividend while MMYT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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