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Side-by-side financial comparison of Elme Communities (ELME) 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× Elme Communities). On growth, MakeMyTrip Ltd posted the faster year-over-year revenue change (11.8% vs 1.7%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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.

ELME vs MMYT — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.4× larger
MMYT
$88.6M
$62.1M
ELME
Growing faster (revenue YoY)
MMYT
MMYT
+10.1% gap
MMYT
11.8%
1.7%
ELME

Income Statement — Q3 FY2025 vs Q4 FY2022

Metric
ELME
ELME
MMYT
MMYT
Revenue
$62.1M
$88.6M
Net Profit
$-123.5M
Gross Margin
61.1%
Operating Margin
-183.3%
3.8%
Net Margin
-198.9%
Revenue YoY
1.7%
11.8%
Net Profit YoY
-4058.7%
EPS (diluted)
$-1.40

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
ELME
ELME
MMYT
MMYT
Q3 25
$62.1M
Q2 25
$62.1M
Q1 25
$61.5M
Q4 24
$61.3M
Q3 24
$61.1M
Q2 24
$60.1M
Q1 24
$59.5M
Q4 23
$58.9M
Net Profit
ELME
ELME
MMYT
MMYT
Q3 25
$-123.5M
Q2 25
$-3.6M
Q1 25
$-4.7M
Q4 24
$-3.0M
Q3 24
$-3.0M
Q2 24
$-3.5M
Q1 24
$-3.6M
Q4 23
$-3.1M
Gross Margin
ELME
ELME
MMYT
MMYT
Q3 25
61.1%
Q2 25
63.5%
Q1 25
64.2%
Q4 24
62.9%
Q3 24
63.5%
Q2 24
63.4%
Q1 24
63.5%
Q4 23
65.6%
Operating Margin
ELME
ELME
MMYT
MMYT
Q3 25
-183.3%
Q2 25
9.6%
Q1 25
7.8%
Q4 24
10.4%
Q3 24
11.0%
Q2 24
9.8%
Q1 24
7.5%
Q4 23
10.7%
Net Margin
ELME
ELME
MMYT
MMYT
Q3 25
-198.9%
Q2 25
-5.7%
Q1 25
-7.6%
Q4 24
-4.9%
Q3 24
-4.9%
Q2 24
-5.8%
Q1 24
-6.1%
Q4 23
-5.3%
EPS (diluted)
ELME
ELME
MMYT
MMYT
Q3 25
$-1.40
Q2 25
$-0.04
Q1 25
$-0.05
Q4 24
$-0.04
Q3 24
$-0.03
Q2 24
$-0.04
Q1 24
$-0.04
Q4 23
$-0.04

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
MMYT
MMYT
Cash + ST InvestmentsLiquidity on hand
$7.1M
$213.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$908.9M
$896.5M
Total Assets
$1.7B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
MMYT
MMYT
Q3 25
$7.1M
Q2 25
$4.8M
Q1 25
$6.4M
Q4 24
$6.1M
Q3 24
$4.8M
Q2 24
$5.6M
Q1 24
$4.2M
Q4 23
$6.0M
Stockholders' Equity
ELME
ELME
MMYT
MMYT
Q3 25
$908.9M
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Q4 23
$1.2B
Total Assets
ELME
ELME
MMYT
MMYT
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$1.9B
Q4 23
$1.9B

Cash Flow & Capital Efficiency

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

Metric
ELME
ELME
MMYT
MMYT
Operating Cash FlowLast quarter
$15.9M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
14.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
MMYT
MMYT
Q3 25
$15.9M
Q2 25
$29.8M
Q1 25
$16.2M
Q4 24
$95.2M
Q3 24
$20.7M
Q2 24
$28.9M
Q1 24
$21.2M
Q4 23
$22.9M
Free Cash Flow
ELME
ELME
MMYT
MMYT
Q3 25
$7.2M
Q2 25
$21.1M
Q1 25
$10.5M
Q4 24
$47.9M
Q3 24
$8.8M
Q2 24
$21.0M
Q1 24
$7.6M
Q4 23
$6.9M
FCF Margin
ELME
ELME
MMYT
MMYT
Q3 25
11.6%
Q2 25
34.1%
Q1 25
17.1%
Q4 24
78.1%
Q3 24
14.4%
Q2 24
34.9%
Q1 24
12.8%
Q4 23
11.8%
Capex Intensity
ELME
ELME
MMYT
MMYT
Q3 25
14.0%
Q2 25
14.0%
Q1 25
9.2%
Q4 24
77.4%
Q3 24
19.4%
Q2 24
13.1%
Q1 24
22.9%
Q4 23
27.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

MMYT
MMYT

Segment breakdown not available.

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