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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.8× First Foundation Inc.). On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 11.8%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs MMYT — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.8× larger
MMYT
$88.6M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+409.8% gap
FFWM
421.7%
11.8%
MMYT

Income Statement — Q4 FY2025 vs Q4 FY2022

Metric
FFWM
FFWM
MMYT
MMYT
Revenue
$48.4M
$88.6M
Net Profit
$-8.0M
Gross Margin
Operating Margin
-97.5%
3.8%
Net Margin
-97.9%
Revenue YoY
421.7%
11.8%
Net Profit YoY
43.0%
EPS (diluted)
$-0.09

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
FFWM
FFWM
MMYT
MMYT
Q4 25
$48.4M
Q3 25
$63.6M
Q2 25
$51.4M
Q1 25
$71.4M
Q4 24
$9.3M
Q3 24
$9.2M
Q2 24
$57.5M
Q1 24
$51.1M
Net Profit
FFWM
FFWM
MMYT
MMYT
Q4 25
$-8.0M
Q3 25
$-146.3M
Q2 25
$-7.7M
Q1 25
$6.9M
Q4 24
$-14.1M
Q3 24
$-82.2M
Q2 24
$3.1M
Q1 24
$793.0K
Operating Margin
FFWM
FFWM
MMYT
MMYT
Q4 25
-97.5%
Q3 25
-92.7%
Q2 25
-21.1%
Q1 25
8.8%
Q4 24
-247.7%
Q3 24
-1276.7%
Q2 24
4.6%
Q1 24
-0.2%
Net Margin
FFWM
FFWM
MMYT
MMYT
Q4 25
-97.9%
Q3 25
-230.1%
Q2 25
-15.0%
Q1 25
9.7%
Q4 24
-152.2%
Q3 24
-896.9%
Q2 24
5.4%
Q1 24
1.6%
EPS (diluted)
FFWM
FFWM
MMYT
MMYT
Q4 25
$-0.09
Q3 25
$-1.78
Q2 25
$-0.09
Q1 25
$0.08
Q4 24
$-0.24
Q3 24
$-1.23
Q2 24
$0.05
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
MMYT
MMYT
Cash + ST InvestmentsLiquidity on hand
$1.6B
$213.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$896.5M
Total Assets
$11.9B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
MMYT
MMYT
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.6B
Stockholders' Equity
FFWM
FFWM
MMYT
MMYT
Q4 25
$912.6M
Q3 25
$917.9M
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$933.2M
Q1 24
$928.7M
Total Assets
FFWM
FFWM
MMYT
MMYT
Q4 25
$11.9B
Q3 25
$11.9B
Q2 25
$11.6B
Q1 25
$12.6B
Q4 24
$12.6B
Q3 24
$13.4B
Q2 24
$13.7B
Q1 24
$13.6B

Cash Flow & Capital Efficiency

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

Metric
FFWM
FFWM
MMYT
MMYT
Operating Cash FlowLast quarter
$-31.9M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
MMYT
MMYT
Q4 25
$-31.9M
Q3 25
$9.2M
Q2 25
$-16.3M
Q1 25
$-552.0K
Q4 24
$-8.7M
Q3 24
$14.2M
Q2 24
$-9.1M
Q1 24
$7.2M
Free Cash Flow
FFWM
FFWM
MMYT
MMYT
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
MMYT
MMYT
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
MMYT
MMYT
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
MMYT
MMYT
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

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