Last 47 quarters of trend data · Consumer Cyclical · Travel Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 5.99 | 2.99 | 0.66 | 2.10 | 2.61 | 5.56 | 1.50 | 2.11 | 1.72 | 4.64 | 1.28 | 9.31 | 1.88 | 2.76 | 31.03 | 14.01 | — | — | — | — | 3.44 |
| — | -46.2% | -56.1% | -0.3% | +51.8% | +19.7% | +17.1% | -77.3% | -8.3% | +68.4% | -95.9% | -33.5% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.88 | 0.83 | 0.71 | 0.69 | 0.81 | 0.94 | 0.64 | 0.63 | 0.62 | 0.58 | 0.43 | 0.52 | 0.69 | 1.13 | 0.65 | 1.11 | 0.91 | 0.85 | 0.93 | 0.96 | 1.52 |
| — | -11.8% | +10.7% | +8.6% | +29.5% | +61.4% | +50.1% | +21.1% | -9.6% | -48.3% | -33.7% | -53.1% | -24.4% | +32.6% | -30.1% | +16.4% | -40.0% | -17.9% | +4.8% | -22.3% | +105.6% | |
| P/B Ratio | 1.12 | 0.29 | 0.31 | 0.27 | 0.30 | 0.33 | 0.29 | 0.25 | 0.23 | 0.20 | 0.19 | 0.20 | 0.22 | 0.20 | 0.16 | 0.16 | 0.14 | 0.14 | 0.18 | 0.20 | 0.24 |
| — | -12.7% | +5.4% | +10.9% | +31.7% | +70.8% | +53.0% | +23.9% | +6.4% | -2.4% | +18.6% | +22.6% | +58.8% | +39.2% | -9.9% | -20.0% | -43.2% | -28.8% | -7.3% | +29.6% | +71.7% | |
| P/FCF | 12.87 | 0.93 | — | — | — | — | — | — | 3.66 | — | 104.68 | 101.16 | 2.07 | 93.31 | 71.44 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | +77.0% | — | +46.5% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 9.88 | 3.25 | 1.08 | 1.28 | 2.06 | 3.96 | 2.17 | 2.72 | 2.50 | 2.92 | 2.23 | 3.07 | 4.91 | — | 11.45 | 140.30 | — | — | 248.31 | 23.48 | — |
| — | -18.0% | -50.2% | -52.7% | -17.8% | +35.6% | -2.6% | -11.6% | -49.0% | — | -80.6% | -97.8% | — | — | -95.4% | +497.5% | — | — | +1626.6% | — | — | |
| EV / EBIT | 10.41 | 1.71 | 0.27 | 0.90 | 1.48 | 3.27 | 1.42 | 2.01 | 1.61 | 3.13 | 1.64 | 5.56 | 2.85 | 4.75 | 13.85 | 21.65 | — | — | — | — | — |
| — | -47.7% | -81.0% | -55.0% | -7.8% | +4.5% | -13.1% | -63.9% | -43.7% | -34.1% | -88.2% | -74.3% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.6% | 79.0% | 81.7% | 81.0% | 80.4% | 79.3% | 82.4% | 81.9% | 81.2% | 80.5% | 82.0% | 82.2% | 82.2% | 76.1% | 81.6% | 75.7% | 74.0% | 76.1% | 77.1% | 79.2% | 74.8% |
| — | -0.4% | -0.8% | -1.1% | -0.9% | -1.6% | +0.4% | -0.3% | -1.2% | +5.8% | +0.6% | +8.6% | +11.0% | +0.0% | +5.8% | -4.5% | -1.1% | -6.8% | -5.0% | +9.4% | +0.8% | |
| Operating Margin | 25.3% | 16.5% | 30.4% | 27.6% | 25.8% | 18.1% | 31.5% | 27.8% | 27.8% | 21.3% | 28.4% | 26.5% | 24.4% | -4.8% | 12.4% | -4.2% | -8.7% | -15.0% | -4.6% | 5.5% | -19.2% |
| — | -8.9% | -3.6% | -0.7% | -7.5% | -15.1% | +10.9% | +5.2% | +14.3% | +545.7% | +129.6% | +735.7% | +378.9% | +68.3% | +369.2% | -175.2% | +54.4% | -4566.3% | -131.8% | +125.4% | +39.9% | |
| Net Margin | 53.3% | 27.8% | 108.5% | 32.6% | 30.9% | 16.9% | 42.6% | 30.0% | 36.2% | 12.6% | 33.6% | 5.6% | 36.7% | 40.9% | 3.9% | 1.7% | -24.1% | -17.8% | -15.9% | -11.0% | 43.3% |
| — | +64.3% | +154.5% | +8.8% | -14.6% | +34.7% | +26.9% | +434.9% | -1.3% | -69.3% | +770.3% | +226.1% | +252.4% | +329.7% | +124.3% | +115.7% | -155.5% | -188.1% | -155.0% | +27.1% | +138.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.5% | 2.5% | 12.5% | 3.3% | 2.9% | 1.5% | 5.0% | 2.9% | 3.4% | 1.1% | 3.8% | 0.5% | 2.9% | 1.8% | 0.2% | 0.1% | -0.9% | -0.8% | -0.8% | -0.6% | 1.7% |
| — | +62.0% | +149.9% | +10.9% | -14.1% | +44.6% | +30.7% | +449.7% | +16.7% | -42.7% | +1485.8% | +755.5% | +426.7% | +343.8% | +131.5% | +110.4% | -151.8% | -175.7% | -148.4% | -26.0% | +133.3% | |
| ROA | 12.7% | 1.6% | 7.6% | 1.9% | 1.7% | 0.9% | 2.7% | 1.6% | 1.9% | 0.6% | 2.1% | 0.3% | 1.7% | 1.1% | 0.1% | 0.0% | -0.5% | -0.4% | -0.4% | -0.3% | 0.9% |
| — | +77.1% | +176.6% | +20.4% | -9.4% | +52.5% | +32.8% | +445.0% | +14.4% | -45.5% | +1413.7% | +718.0% | +423.2% | +351.0% | +132.9% | +111.3% | -156.3% | -181.5% | -152.3% | -32.8% | +134.3% | |
| ROIC | 7.9% | 1.2% | 3.1% | 2.3% | 2.0% | 1.2% | 2.6% | 1.9% | 1.9% | 1.2% | 2.2% | 1.6% | 1.2% | -0.1% | 0.4% | -0.1% | -0.2% | -0.4% | -0.1% | 0.2% | -0.4% |
| — | +1.2% | +15.8% | +19.7% | +4.5% | -1.3% | +22.0% | +19.2% | +59.8% | +1094.7% | +382.2% | +1935.7% | +725.4% | +65.4% | +460.2% | -153.4% | +53.8% | -4175.3% | -130.9% | +147.1% | +49.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.19 | 0.27 | 0.29 | 0.28 | 0.33 | 0.46 | 0.37 | 0.37 | 0.41 | 0.44 | 0.45 | 0.41 | 0.47 | 0.49 | 0.47 | 0.47 | 0.52 | 0.58 | 0.63 |
| — | -35.4% | -43.1% | -42.0% | -21.7% | -24.1% | -19.9% | +3.0% | -18.3% | -10.3% | -11.8% | -9.6% | -3.2% | -11.8% | -10.4% | -14.9% | -24.8% | -17.2% | -22.0% | -18.7% | -3.1% | |
| Debt / EBITDA | 1.94 | 11.56 | 5.52 | 9.20 | 11.33 | 16.05 | 8.88 | 15.97 | 13.56 | 18.98 | 12.35 | 16.46 | 21.78 | — | 46.78 | 619.38 | — | — | 1005.93 | 102.13 | — |
| — | -27.9% | -37.9% | -42.4% | -16.5% | -15.5% | -28.0% | -3.0% | -37.7% | — | -73.6% | -97.3% | — | — | -95.3% | +506.5% | — | — | +1494.7% | — | — | |
| Current Ratio | 1.55 | 1.55 | 1.48 | 1.33 | 1.46 | 1.51 | 1.42 | 1.32 | 1.15 | 1.23 | 1.17 | 1.10 | 0.97 | 1.00 | 1.09 | 1.11 | 1.20 | 1.00 | 1.04 | 1.15 | 1.03 |
| — | +2.2% | +4.2% | +1.0% | +26.9% | +23.6% | +21.4% | +20.2% | +18.7% | +22.1% | +8.0% | -1.5% | -19.0% | +0.5% | +4.3% | -2.9% | +15.9% | +0.4% | -2.8% | +20.3% | +8.5% | |
| Quick Ratio | 1.55 | 1.55 | 1.48 | 1.33 | 1.46 | 1.51 | 1.42 | 1.32 | 1.15 | 1.23 | 1.17 | 1.10 | 0.97 | 1.00 | 1.09 | 1.11 | 1.20 | 1.00 | 1.04 | 1.15 | 1.03 |
| — | +2.2% | +4.2% | +1.0% | +26.9% | +23.6% | +21.4% | +20.2% | +18.7% | +22.1% | +8.0% | -1.5% | -19.0% | +0.5% | +4.3% | -2.9% | +15.9% | +0.4% | -2.8% | +20.3% | +8.5% | |
| Interest Coverage | 47.17 | 45.42 | 126.55 | 23.18 | 18.31 | 9.41 | 19.91 | 9.91 | 11.00 | 4.50 | 10.61 | 3.18 | 8.64 | 6.45 | 2.32 | 1.62 | -1.98 | -1.36 | -1.02 | -0.34 | -1.93 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying TCOM stock.
Trip.com Group Limited's current P/E is 6.0x. The average P/E over the last 4 quarters is 2.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Trip.com Group Limited's current operating margin is 25.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Trip.com Group Limited's business trajectory between earnings reports.