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

MakeMyTrip Ltd is the larger business by last-quarter revenue ($88.6M vs $64.6M, roughly 1.4× McEwen Inc.). On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs 11.8%).

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.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

MMYT vs MUX — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.4× larger
MMYT
$88.6M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+80.9% gap
MUX
92.8%
11.8%
MMYT

Income Statement — Q4 FY2022 vs Q4 FY2025

Metric
MMYT
MMYT
MUX
MUX
Revenue
$88.6M
$64.6M
Net Profit
$38.1M
Gross Margin
26.9%
Operating Margin
3.8%
34.2%
Net Margin
59.0%
Revenue YoY
11.8%
92.8%
Net Profit YoY
563.1%
EPS (diluted)
$0.66

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
MMYT
MMYT
MUX
MUX
Q4 25
$64.6M
Q3 25
$50.5M
Q2 25
$46.7M
Q1 25
$35.7M
Q4 24
$33.5M
Q3 24
$52.3M
Q2 24
$47.5M
Q1 24
$41.2M
Net Profit
MMYT
MMYT
MUX
MUX
Q4 25
$38.1M
Q3 25
$-462.0K
Q2 25
$3.0M
Q1 25
$-6.3M
Q4 24
$-8.2M
Q3 24
$-2.1M
Q2 24
$-13.0M
Q1 24
$-20.4M
Gross Margin
MMYT
MMYT
MUX
MUX
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
MMYT
MMYT
MUX
MUX
Q4 25
34.2%
Q3 25
-16.7%
Q2 25
-7.2%
Q1 25
-21.4%
Q4 24
-43.4%
Q3 24
-0.2%
Q2 24
-29.4%
Q1 24
-53.3%
Net Margin
MMYT
MMYT
MUX
MUX
Q4 25
59.0%
Q3 25
-0.9%
Q2 25
6.5%
Q1 25
-17.6%
Q4 24
-24.6%
Q3 24
-4.0%
Q2 24
-27.4%
Q1 24
-49.4%
EPS (diluted)
MMYT
MMYT
MUX
MUX
Q4 25
$0.66
Q3 25
$-0.01
Q2 25
$0.06
Q1 25
$-0.12
Q4 24
$-0.15
Q3 24
$-0.04
Q2 24
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$213.3M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$896.5M
$546.2M
Total Assets
$1.3B
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
MUX
MUX
Q4 25
$72.1M
Q3 25
$75.4M
Q2 25
$69.5M
Q1 25
$79.3M
Q4 24
$15.3M
Q3 24
$30.2M
Q2 24
$42.6M
Q1 24
$22.0M
Total Debt
MMYT
MMYT
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
MMYT
MMYT
MUX
MUX
Q4 25
$546.2M
Q3 25
$488.6M
Q2 25
$484.5M
Q1 25
$479.8M
Q4 24
$495.0M
Q3 24
$502.1M
Q2 24
$485.2M
Q1 24
$482.5M
Total Assets
MMYT
MMYT
MUX
MUX
Q4 25
$820.2M
Q3 25
$747.6M
Q2 25
$735.6M
Q1 25
$730.6M
Q4 24
$664.6M
Q3 24
$667.8M
Q2 24
$645.1M
Q1 24
$638.7M
Debt / Equity
MMYT
MMYT
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
MMYT
MMYT
MUX
MUX
Operating Cash FlowLast quarter
$3.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
MUX
MUX
Q4 25
$3.1M
Q3 25
$5.2M
Q2 25
$478.0K
Q1 25
$-1.9M
Q4 24
$-1.2M
Q3 24
$23.2M
Q2 24
$3.6M
Q1 24
$3.9M
Cash Conversion
MMYT
MMYT
MUX
MUX
Q4 25
0.08×
Q3 25
Q2 25
0.16×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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