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MMYT vs ABNB
Revenue, margins, valuation, and 5-year total return — side by side.
Travel Services
MMYT vs ABNB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Travel Services | Travel Services |
| Market Cap | $4.52B | $84.21B |
| Revenue (TTM) | $1.04B | $12.65B |
| Net Income (TTM) | $57M | $2.52B |
| Gross Margin | 73.4% | 82.9% |
| Operating Margin | 14.1% | 20.5% |
| Forward P/E | 73.2x | 28.3x |
| Total Debt | $237M | $2.07B |
| Cash & Equiv. | $509M | $6.56B |
MMYT vs ABNB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 20 | May 26 | Return |
|---|---|---|---|
| MakeMyTrip Limited (MMYT) | 100 | 171.0 | +71.0% |
| Airbnb, Inc. (ABNB) | 100 | 95.7 | -4.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MMYT vs ABNB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
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 ABNB's -2.9%
ABNB carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (28.3x vs 73.2x)
- 19.9% margin vs MMYT's 5.5%
- +14.1% vs MMYT's -54.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 25.0% revenue growth vs ABNB's 10.3% | |
| Value | Lower P/E (28.3x vs 73.2x) | |
| Quality / Margins | 19.9% margin vs MMYT's 5.5% | |
| Stability / Safety | Beta 1.17 vs ABNB's 1.33, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +14.1% vs MMYT's -54.9% | |
| Efficiency (ROA) | 10.2% ROA vs MMYT's 3.1%, ROIC 50.6% vs 9.2% |
MMYT vs ABNB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MMYT vs ABNB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ABNB leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ABNB is the larger business by revenue, generating $12.6B annually — 12.2x MMYT's $1.0B. ABNB is the more profitable business, keeping 19.9% of every revenue dollar as net income compared to MMYT's 5.5%. On growth, ABNB holds the edge at +17.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.0B | $12.6B |
| EBITDAEarnings before interest/tax | $175M | $2.6B |
| Net IncomeAfter-tax profit | $57M | $2.5B |
| Free Cash FlowCash after capex | $224M | $4.5B |
| Gross MarginGross profit ÷ Revenue | +73.4% | +82.9% |
| Operating MarginEBIT ÷ Revenue | +14.1% | +20.5% |
| Net MarginNet income ÷ Revenue | +5.5% | +19.9% |
| FCF MarginFCF ÷ Revenue | +21.5% | +36.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.6% | +17.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -68.3% | +4.0% |
Valuation Metrics
Evenly matched — MMYT and ABNB each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 34.9x trailing earnings, ABNB trades at a 43% valuation discount to MMYT's 60.9x P/E. On an enterprise value basis, MMYT's 28.9x EV/EBITDA is more attractive than ABNB's 31.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.5B | $84.2B |
| Enterprise ValueMkt cap + debt − cash | $4.3B | $79.7B |
| Trailing P/EPrice ÷ TTM EPS | 60.86x | 34.85x |
| Forward P/EPrice ÷ next-FY EPS est. | 73.17x | 28.35x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 28.92x | 31.33x |
| Price / SalesMarket cap ÷ Revenue | 4.62x | 6.88x |
| Price / BookPrice ÷ Book value/share | 4.79x | 10.67x |
| Price / FCFMarket cap ÷ FCF | 26.07x | 18.12x |
Profitability & Efficiency
ABNB leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
ABNB delivers a 31.2% return on equity — every $100 of shareholder capital generates $31 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 ABNB's 0.25x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.2% | +31.2% |
| ROA (TTM)Return on assets | +3.1% | +10.2% |
| ROICReturn on invested capital | +9.2% | +50.6% |
| ROCEReturn on capital employed | +9.2% | +26.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.20x | 0.25x |
| Net DebtTotal debt minus cash | -$272M | -$4.5B |
| Cash & Equiv.Liquid assets | $509M | $6.6B |
| Total DebtShort + long-term debt | $237M | $2.1B |
| Interest CoverageEBIT ÷ Interest expense | 1.67x | — |
Total Returns (Dividends Reinvested)
MMYT 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 $9,289 for ABNB. Over the past 12 months, ABNB leads with a +14.1% total return vs MMYT's -54.9%. The 3-year compound annual growth rate (CAGR) favors MMYT at 25.5% vs ABNB's 3.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -38.3% | +5.6% |
| 1-Year ReturnPast 12 months | -54.9% | +14.1% |
| 3-Year ReturnCumulative with dividends | +97.5% | +11.8% |
| 5-Year ReturnCumulative with dividends | +97.0% | -7.1% |
| 10-Year ReturnCumulative with dividends | +190.1% | -2.9% |
| CAGR (3Y)Annualised 3-year return | +25.5% | +3.8% |
Risk & Volatility
Evenly matched — MMYT and ABNB 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 ABNB's 1.33 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ABNB currently trades 95.4% 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 | 1.17x | 1.33x |
| 52-Week HighHighest price in past year | $113.85 | $147.25 |
| 52-Week LowLowest price in past year | $32.84 | $110.81 |
| % of 52W HighCurrent price vs 52-week peak | +44.4% | +95.4% |
| RSI (14)Momentum oscillator 0–100 | 59.4 | 56.2 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 3.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates MMYT as "Buy" and ABNB as "Hold". Consensus price targets imply 80.2% upside for MMYT (target: $91) vs 3.5% for ABNB (target: $145).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $91.00 | $145.44 |
| # AnalystsCovering analysts | 11 | 44 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +4.5% |
ABNB leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MMYT leads in 1 (Total Returns). 2 tied.
MMYT vs ABNB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MMYT or ABNB a better buy right now?
For growth investors, MakeMyTrip Limited (MMYT) is the stronger pick with 25.
0% revenue growth year-over-year, versus 10. 3% for Airbnb, Inc. (ABNB). Airbnb, Inc. (ABNB) offers the better valuation at 34. 9x trailing P/E (28. 3x 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 — MMYT or ABNB?
On trailing P/E, Airbnb, Inc.
(ABNB) is the cheapest at 34. 9x versus MakeMyTrip Limited at 60. 9x. On forward P/E, Airbnb, Inc. is actually cheaper at 28. 3x.
03Which is the better long-term investment — MMYT or ABNB?
Over the past 5 years, MakeMyTrip Limited (MMYT) delivered a total return of +97.
0%, compared to -7. 1% for Airbnb, Inc. (ABNB). Over 10 years, the gap is even starker: MMYT returned +190. 1% versus ABNB's -2. 9%. 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 — MMYT or ABNB?
By beta (market sensitivity over 5 years), MakeMyTrip Limited (MMYT) is the lower-risk stock at 1.
17β versus Airbnb, Inc. 's 1. 33β — meaning ABNB is approximately 14% 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 25% for Airbnb, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MMYT or ABNB?
By revenue growth (latest reported year), MakeMyTrip Limited (MMYT) is pulling ahead at 25.
0% versus 10. 3% for Airbnb, Inc. (ABNB). On earnings-per-share growth, the picture is similar: Airbnb, Inc. grew EPS -1. 9% 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 — MMYT or ABNB?
Airbnb, Inc.
(ABNB) is the more profitable company, earning 20. 5% net margin versus 9. 7% for MakeMyTrip Limited — meaning it keeps 20. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ABNB leads at 20. 8% versus 12. 3% for MMYT. At the gross margin level — before operating expenses — ABNB leads at 83. 0%, 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 MMYT or ABNB more undervalued right now?
On forward earnings alone, Airbnb, Inc.
(ABNB) trades at 28. 3x forward P/E versus 73. 2x for MakeMyTrip Limited — 44. 8x 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 — MMYT or ABNB?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is MMYT or ABNB better for a retirement portfolio?
For long-horizon retirement investors, MakeMyTrip Limited (MMYT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
17), +190. 1% 10Y return). Both have compounded well over 10 years (MMYT: +190. 1%, ABNB: -2. 9%), 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 MMYT and ABNB?
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: MMYT is a small-cap high-growth stock; ABNB is a mid-cap quality compounder stock. 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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