MMYT vs. TRIP

Last updated Apr 1, 2026

Compare and contrast key facts about MakeMyTrip Limited (MMYT) and TripAdvisor, Inc. (TRIP).

Performance

MMYT vs. TRIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MakeMyTrip Limited (MMYT) and TripAdvisor, Inc. (TRIP). The values are adjusted to include any dividend payments, if applicable.

MMYT vs. TRIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMYT MakeMyTrip Limited	-54.59%	-26.86%	139.00%	70.40%	-0.51%	-6.16%	28.95%	-5.88%	-18.49%	34.46%
TRIP TripAdvisor, Inc.	-26.79%	-1.42%	-31.40%	19.74%	-34.04%	-5.28%	-5.27%	-36.67%	56.53%	-25.68%

Fundamentals

Market Cap MMYT : $3.70B TRIP : $1.24B
EPS MMYT : $0.54 TRIP : $0.32
PE Ratio MMYT : 68.90 TRIP : 32.87
PEG Ratio MMYT : 0.25 TRIP : 0.22
PS Ratio MMYT : 3.76 TRIP : 0.70
Total Revenue (TTM) MMYT : $1.04B TRIP : $1.89B
Gross Profit (TTM) MMYT : $722.83M TRIP : $1.61B
EBITDA (TTM) MMYT : $187.83M TRIP : $227.00M

Returns By Period

In the year-to-date period, MMYT achieves a -54.59% return, which is significantly lower than TRIP's -26.79% return. Over the past 10 years, MMYT has outperformed TRIP with an annualized return of 7.56%, while TRIP has yielded a comparatively lower -15.84% annualized return.

MMYT

• 1D: 2.53%
• 1M: -33.96%
• YTD: -54.59%
• 6M: -60.16%
• 1Y: -61.95%
• 3Y*: 15.08%
• 5Y*: 3.06%
• 10Y*: 7.56%

TRIP

• 1D: 2.60%
• 1M: 5.44%
• YTD: -26.79%
• 6M: -34.44%
• 1Y: -24.77%
• 3Y*: -18.73%
• 5Y*: -28.04%
• 10Y*: -15.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MMYT vs. TRIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MMYT

MMYT Risk / Return Rank: 2
MMYT Sharpe Ratio Rank: 1
MMYT Sortino Ratio Rank: 2
MMYT Omega Ratio Rank: 2
MMYT Calmar Ratio Rank: 6
MMYT Martin Ratio Rank: 1

TRIP

TRIP Risk / Return Rank: 24
TRIP Sharpe Ratio Rank: 23
TRIP Sortino Ratio Rank: 23
TRIP Omega Ratio Rank: 24
TRIP Calmar Ratio Rank: 27
TRIP Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MMYT vs. TRIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MakeMyTrip Limited (MMYT) and TripAdvisor, Inc. (TRIP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MMYT	TRIP	Difference
Sharpe ratio Return per unit of total volatility	-1.27	-0.42	-0.84
Sortino ratio Return per unit of downside risk	-2.10	-0.29	-1.81
Omega ratio Gain probability vs. loss probability	0.73	0.96	-0.24
Calmar ratio Return relative to maximum drawdown	-0.94	-0.47	-0.47
Martin ratio Return relative to average drawdown	-2.15	-1.03	-1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMYT vs. TRIP - Sharpe Ratio Comparison

The current MMYT Sharpe Ratio is -1.27, which is lower than the TRIP Sharpe Ratio of -0.42. The chart below compares the historical Sharpe Ratios of MMYT and TRIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MMYT	TRIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.27	-0.42	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	-0.55	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	-0.30	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.11	+0.16

Correlation

The correlation between MMYT and TRIP is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MMYT vs. TRIP - Dividend Comparison

Neither MMYT nor TRIP has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
MMYT MakeMyTrip Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRIP TripAdvisor, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.52%

Drawdowns

MMYT vs. TRIP - Drawdown Comparison

The maximum MMYT drawdown since its inception was -73.45%, smaller than the maximum TRIP drawdown of -90.57%. Use the drawdown chart below to compare losses from any high point for MMYT and TRIP.

Drawdown Indicators

	MMYT	TRIP	Difference
Max Drawdown Largest peak-to-trough decline	-73.45%	-90.57%	+17.12%
Max Drawdown (1Y) Largest decline over 1 year	-67.94%	-51.72%	-16.22%
Max Drawdown (5Y) Largest decline over 5 years	-69.87%	-83.73%	+13.86%
Max Drawdown (10Y) Largest decline over 10 years	-73.45%	-85.46%	+12.01%
Current Drawdown Current decline from peak	-69.04%	-89.12%	+20.08%
Average Drawdown Average peak-to-trough decline	-36.05%	-53.46%	+17.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.83%	23.58%	+6.25%

Volatility

MMYT vs. TRIP - Volatility Comparison

MakeMyTrip Limited (MMYT) has a higher volatility of 18.98% compared to TripAdvisor, Inc. (TRIP) at 14.37%. This indicates that MMYT's price experiences larger fluctuations and is considered to be riskier than TRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMYT	TRIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.98%	14.37%	+4.61%
Volatility (6M) Calculated over the trailing 6-month period	36.47%	37.71%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	49.26%	58.78%	-9.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.57%	51.54%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.99%	52.14%	+0.85%

Financials

MMYT vs. TRIP - Profitability Comparison

The chart below illustrates the profitability comparison between MakeMyTrip Limited and TripAdvisor, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MMYT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MakeMyTrip Limited reported a gross profit of 167.69M and revenue of 295.69M. Therefore, the gross margin over that period was 56.7%.

TRIP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TripAdvisor, Inc. reported a gross profit of 243.00M and revenue of 411.00M. Therefore, the gross margin over that period was 59.1%.

MMYT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MakeMyTrip Limited reported an operating income of 40.89M and revenue of 295.69M, resulting in an operating margin of 13.8%.

TRIP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TripAdvisor, Inc. reported an operating income of -34.00M and revenue of 411.00M, resulting in an operating margin of -8.3%.

MMYT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MakeMyTrip Limited reported a net income of 7.25M and revenue of 295.69M, resulting in a net margin of 2.5%.

TRIP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TripAdvisor, Inc. reported a net income of -38.00M and revenue of 411.00M, resulting in a net margin of -9.3%.