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

Lyft, Inc. is the larger business by last-quarter revenue ($1.5B vs $88.6M, roughly 16.9× MakeMyTrip Ltd). On growth, MakeMyTrip Ltd posted the faster year-over-year revenue change (11.8% vs 3.6%).

Lyft, Inc. is an American company offering ride-hailing services, motorized scooters, and bicycle-sharing systems in the United States and Canada, and, via its Free Now mobile app, Europe. Lyft is the second-largest ridesharing company in the United States after Uber. It has 25 million active riders and coordinates 9 million rides per day.

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.

LYFT vs MMYT — Head-to-Head

Bigger by revenue
LYFT
LYFT
16.9× larger
LYFT
$1.5B
$88.6M
MMYT
Growing faster (revenue YoY)
MMYT
MMYT
+8.3% gap
MMYT
11.8%
3.6%
LYFT

Income Statement — Q4 FY2025 vs Q4 FY2022

Metric
LYFT
LYFT
MMYT
MMYT
Revenue
$1.5B
$88.6M
Net Profit
$2.8B
Gross Margin
35.1%
Operating Margin
-12.4%
3.8%
Net Margin
183.9%
Revenue YoY
3.6%
11.8%
Net Profit YoY
4363.0%
EPS (diluted)
$6.59

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
LYFT
LYFT
MMYT
MMYT
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.2B
Net Profit
LYFT
LYFT
MMYT
MMYT
Q4 25
$2.8B
Q3 25
$46.1M
Q2 25
$40.3M
Q1 25
$2.6M
Q4 24
$61.7M
Q3 24
$-12.4M
Q2 24
$5.0M
Q1 24
$-31.5M
Gross Margin
LYFT
LYFT
MMYT
MMYT
Q4 25
35.1%
Q3 25
40.0%
Q2 25
36.7%
Q1 25
37.2%
Q4 24
39.5%
Q3 24
36.0%
Q2 24
38.0%
Q1 24
37.6%
Operating Margin
LYFT
LYFT
MMYT
MMYT
Q4 25
-12.4%
Q3 25
1.5%
Q2 25
0.2%
Q1 25
-2.1%
Q4 24
1.9%
Q3 24
-4.1%
Q2 24
-2.1%
Q1 24
-5.2%
Net Margin
LYFT
LYFT
MMYT
MMYT
Q4 25
183.9%
Q3 25
3.0%
Q2 25
2.7%
Q1 25
0.2%
Q4 24
4.3%
Q3 24
-0.9%
Q2 24
0.4%
Q1 24
-2.6%
EPS (diluted)
LYFT
LYFT
MMYT
MMYT
Q4 25
$6.59
Q3 25
$0.11
Q2 25
$0.10
Q1 25
$0.01
Q4 24
$0.16
Q3 24
$-0.03
Q2 24
$0.01
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
LYFT
LYFT
MMYT
MMYT
Cash + ST InvestmentsLiquidity on hand
$1.8B
$213.3M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$3.3B
$896.5M
Total Assets
$9.0B
$1.3B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LYFT
LYFT
MMYT
MMYT
Q4 25
$1.8B
Q3 25
$2.0B
Q2 25
$1.8B
Q1 25
$2.2B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.7B
Total Debt
LYFT
LYFT
MMYT
MMYT
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$573.2M
Q1 25
$979.9M
Q4 24
$995.0M
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$971.5M
Stockholders' Equity
LYFT
LYFT
MMYT
MMYT
Q4 25
$3.3B
Q3 25
$573.0M
Q2 25
$732.7M
Q1 25
$838.1M
Q4 24
$767.0M
Q3 24
$655.8M
Q2 24
$577.6M
Q1 24
$491.3M
Total Assets
LYFT
LYFT
MMYT
MMYT
Q4 25
$9.0B
Q3 25
$5.9B
Q2 25
$5.4B
Q1 25
$5.7B
Q4 24
$5.4B
Q3 24
$5.3B
Q2 24
$5.0B
Q1 24
$4.8B
Debt / Equity
LYFT
LYFT
MMYT
MMYT
Q4 25
0.32×
Q3 25
1.85×
Q2 25
0.78×
Q1 25
1.17×
Q4 24
1.30×
Q3 24
1.53×
Q2 24
1.74×
Q1 24
1.98×

Cash Flow & Capital Efficiency

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

Metric
LYFT
LYFT
MMYT
MMYT
Operating Cash FlowLast quarter
$246.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.09×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LYFT
LYFT
MMYT
MMYT
Q4 25
$246.2M
Q3 25
$291.3M
Q2 25
$343.7M
Q1 25
$287.2M
Q4 24
$153.4M
Q3 24
$264.0M
Q2 24
$276.2M
Q1 24
$156.2M
Cash Conversion
LYFT
LYFT
MMYT
MMYT
Q4 25
0.09×
Q3 25
6.32×
Q2 25
8.53×
Q1 25
111.89×
Q4 24
2.48×
Q3 24
Q2 24
55.09×
Q1 24

Financial Flow Comparison

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

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