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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) and MakeMyTrip Ltd (MMYT). Click either name above to swap in a different company.

MakeMyTrip Ltd is the larger business by last-quarter revenue ($88.6M vs $62.1M, roughly 1.4× Cytek Biosciences, Inc.). On growth, MakeMyTrip Ltd posted the faster year-over-year revenue change (11.8% vs 8.1%).

Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.

MakeMyTrip Limited is an Indian online travel company, headquartered in Gurgaon. Founded in 2000, it operates an online travel-booking platform for travel services such as airline tickets, hotel reservations, holiday packages, and rail and bus tickets. The company also maintains offices outside India, including locations in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, Dubai and Istanbul.

CTKB vs MMYT — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.4× larger
MMYT
$88.6M
$62.1M
CTKB
Growing faster (revenue YoY)
MMYT
MMYT
+3.7% gap
MMYT
11.8%
8.1%
CTKB

Income Statement — Q4 FY2025 vs Q4 FY2022

Metric
CTKB
CTKB
MMYT
MMYT
Revenue
$62.1M
$88.6M
Net Profit
$-44.1M
Gross Margin
52.9%
Operating Margin
-9.0%
3.8%
Net Margin
-70.9%
Revenue YoY
8.1%
11.8%
Net Profit YoY
-557.1%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CTKB
CTKB
MMYT
MMYT
Q4 25
$62.1M
Q3 25
$52.3M
Q2 25
$45.6M
Q1 25
$41.5M
Q4 24
$57.5M
Q3 24
$51.5M
Q2 24
$46.6M
Q1 24
$44.9M
Net Profit
CTKB
CTKB
MMYT
MMYT
Q4 25
$-44.1M
Q3 25
$-5.5M
Q2 25
$-5.6M
Q1 25
$-11.4M
Q4 24
$9.6M
Q3 24
$941.0K
Q2 24
$-10.4M
Q1 24
$-6.2M
Gross Margin
CTKB
CTKB
MMYT
MMYT
Q4 25
52.9%
Q3 25
52.7%
Q2 25
52.3%
Q1 25
48.6%
Q4 24
58.5%
Q3 24
56.3%
Q2 24
54.6%
Q1 24
51.3%
Operating Margin
CTKB
CTKB
MMYT
MMYT
Q4 25
-9.0%
Q3 25
-17.6%
Q2 25
-23.3%
Q1 25
-36.1%
Q4 24
5.2%
Q3 24
-8.2%
Q2 24
-18.3%
Q1 24
-23.9%
Net Margin
CTKB
CTKB
MMYT
MMYT
Q4 25
-70.9%
Q3 25
-10.5%
Q2 25
-12.2%
Q1 25
-27.5%
Q4 24
16.8%
Q3 24
1.8%
Q2 24
-22.4%
Q1 24
-13.8%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTKB
CTKB
MMYT
MMYT
Cash + ST InvestmentsLiquidity on hand
$90.9M
$213.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$341.7M
$896.5M
Total Assets
$461.5M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTKB
CTKB
MMYT
MMYT
Q4 25
$90.9M
Q3 25
$93.3M
Q2 25
$75.5M
Q1 25
$95.3M
Q4 24
$98.7M
Q3 24
$162.3M
Q2 24
$177.9M
Q1 24
$168.8M
Stockholders' Equity
CTKB
CTKB
MMYT
MMYT
Q4 25
$341.7M
Q3 25
$378.6M
Q2 25
$377.6M
Q1 25
$379.6M
Q4 24
$395.7M
Q3 24
$385.5M
Q2 24
$389.1M
Q1 24
$392.6M
Total Assets
CTKB
CTKB
MMYT
MMYT
Q4 25
$461.5M
Q3 25
$494.9M
Q2 25
$493.3M
Q1 25
$482.6M
Q4 24
$499.5M
Q3 24
$491.2M
Q2 24
$483.7M
Q1 24
$492.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTKB
CTKB
MMYT
MMYT
Operating Cash FlowLast quarter
$-771.0K
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTKB
CTKB
MMYT
MMYT
Q4 25
$-771.0K
Q3 25
$-3.9M
Q2 25
$108.0K
Q1 25
$-125.0K
Q4 24
$2.0M
Q3 24
$13.2M
Q2 24
$6.2M
Q1 24
$4.0M
Free Cash Flow
CTKB
CTKB
MMYT
MMYT
Q4 25
$-1.8M
Q3 25
$-4.6M
Q2 25
$-1.5M
Q1 25
$-974.0K
Q4 24
$1.1M
Q3 24
$12.2M
Q2 24
$5.2M
Q1 24
$3.4M
FCF Margin
CTKB
CTKB
MMYT
MMYT
Q4 25
-2.9%
Q3 25
-8.7%
Q2 25
-3.2%
Q1 25
-2.3%
Q4 24
1.9%
Q3 24
23.7%
Q2 24
11.0%
Q1 24
7.6%
Capex Intensity
CTKB
CTKB
MMYT
MMYT
Q4 25
1.6%
Q3 25
1.3%
Q2 25
3.5%
Q1 25
2.0%
Q4 24
1.6%
Q3 24
2.0%
Q2 24
2.3%
Q1 24
1.3%
Cash Conversion
CTKB
CTKB
MMYT
MMYT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.21×
Q3 24
14.05×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CTKB
CTKB

Products$46.6M75%
Services$15.5M25%

MMYT
MMYT

Segment breakdown not available.

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