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Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 $86.7M, roughly 1.0× LXP Industrial Trust). On growth, MakeMyTrip Ltd posted the faster year-over-year revenue change (11.8% vs -14.0%).

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.

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.

LXP vs MMYT — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.0× larger
MMYT
$88.6M
$86.7M
LXP
Growing faster (revenue YoY)
MMYT
MMYT
+25.8% gap
MMYT
11.8%
-14.0%
LXP

Income Statement — Q4 FY2025 vs Q4 FY2022

Metric
LXP
LXP
MMYT
MMYT
Revenue
$86.7M
$88.6M
Net Profit
$28.8M
Gross Margin
81.5%
Operating Margin
34.6%
3.8%
Net Margin
33.2%
Revenue YoY
-14.0%
11.8%
Net Profit YoY
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
LXP
LXP
MMYT
MMYT
Q4 25
$86.7M
Q3 25
$86.9M
Q2 25
$87.7M
Q1 25
$88.9M
Q4 24
$100.9M
Q3 24
$85.6M
Q2 24
$85.8M
Q1 24
$86.3M
Net Profit
LXP
LXP
MMYT
MMYT
Q4 25
$28.8M
Q3 25
$36.3M
Q2 25
$29.1M
Q1 25
$19.0M
Q4 24
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
$-269.0K
Gross Margin
LXP
LXP
MMYT
MMYT
Q4 25
81.5%
Q3 25
82.3%
Q2 25
81.9%
Q1 25
80.7%
Q4 24
85.3%
Q3 24
82.5%
Q2 24
82.0%
Q1 24
82.4%
Operating Margin
LXP
LXP
MMYT
MMYT
Q4 25
34.6%
Q3 25
50.4%
Q2 25
33.7%
Q1 25
21.8%
Q4 24
Q3 24
7.9%
Q2 24
6.9%
Q1 24
1.0%
Net Margin
LXP
LXP
MMYT
MMYT
Q4 25
33.2%
Q3 25
41.7%
Q2 25
33.2%
Q1 25
21.4%
Q4 24
Q3 24
7.4%
Q2 24
6.3%
Q1 24
-0.3%
EPS (diluted)
LXP
LXP
MMYT
MMYT
Q4 25
Q3 25
$0.12
Q2 25
$0.09
Q1 25
$0.06
Q4 24
Q3 24
$0.02
Q2 24
$0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
LXP
LXP
MMYT
MMYT
Cash + ST InvestmentsLiquidity on hand
$170.4M
$213.3M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.0B
$896.5M
Total Assets
$3.5B
$1.3B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LXP
LXP
MMYT
MMYT
Q4 25
$170.4M
Q3 25
$229.7M
Q2 25
$71.0M
Q1 25
$70.9M
Q4 24
$101.8M
Q3 24
$55.0M
Q2 24
$48.7M
Q1 24
$293.8M
Total Debt
LXP
LXP
MMYT
MMYT
Q4 25
$1.4B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LXP
LXP
MMYT
MMYT
Q4 25
$2.0B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
LXP
LXP
MMYT
MMYT
Q4 25
$3.5B
Q3 25
$3.7B
Q2 25
$3.7B
Q1 25
$3.8B
Q4 24
$3.8B
Q3 24
$3.9B
Q2 24
$3.9B
Q1 24
$4.2B
Debt / Equity
LXP
LXP
MMYT
MMYT
Q4 25
0.66×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.73×
Q4 24
0.75×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LXP
LXP
MMYT
MMYT
Operating Cash FlowLast quarter
$188.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LXP
LXP
MMYT
MMYT
Q4 25
$188.7M
Q3 25
$63.5M
Q2 25
$44.3M
Q1 25
$39.0M
Q4 24
$211.2M
Q3 24
$64.6M
Q2 24
$38.5M
Q1 24
$38.9M
Cash Conversion
LXP
LXP
MMYT
MMYT
Q4 25
6.56×
Q3 25
1.75×
Q2 25
1.52×
Q1 25
2.05×
Q4 24
Q3 24
10.18×
Q2 24
7.09×
Q1 24

Financial Flow Comparison

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

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