vs

Side-by-side financial comparison of MakeMyTrip Ltd (MMYT) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

MakeMyTrip Ltd is the larger business by last-quarter revenue ($88.6M vs $75.5M, roughly 1.2× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

MMYT vs PBYI — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.2× larger
MMYT
$88.6M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+15.9% gap
PBYI
27.7%
11.8%
MMYT

Income Statement — Q4 FY2022 vs Q4 FY2025

Metric
MMYT
MMYT
PBYI
PBYI
Revenue
$88.6M
$75.5M
Net Profit
Gross Margin
69.3%
Operating Margin
3.8%
22.7%
Net Margin
Revenue YoY
11.8%
27.7%
Net Profit YoY
EPS (diluted)
$0.26

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
PBYI
PBYI
Q4 25
$75.5M
Q3 25
$54.5M
Q2 25
$52.4M
Q1 25
$46.0M
Q4 24
$59.1M
Q3 24
$80.5M
Q2 24
$47.1M
Q1 24
$43.8M
Net Profit
MMYT
MMYT
PBYI
PBYI
Q4 25
Q3 25
$8.8M
Q2 25
$5.9M
Q1 25
$3.0M
Q4 24
Q3 24
$20.3M
Q2 24
$-4.5M
Q1 24
$-4.8M
Gross Margin
MMYT
MMYT
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
MMYT
MMYT
PBYI
PBYI
Q4 25
22.7%
Q3 25
17.6%
Q2 25
12.7%
Q1 25
8.7%
Q4 24
22.6%
Q3 24
27.4%
Q2 24
-4.6%
Q1 24
-5.3%
Net Margin
MMYT
MMYT
PBYI
PBYI
Q4 25
Q3 25
16.2%
Q2 25
11.2%
Q1 25
6.5%
Q4 24
Q3 24
25.2%
Q2 24
-9.6%
Q1 24
-11.0%
EPS (diluted)
MMYT
MMYT
PBYI
PBYI
Q4 25
$0.26
Q3 25
$0.17
Q2 25
$0.12
Q1 25
$0.06
Q4 24
$0.40
Q3 24
$0.41
Q2 24
$-0.09
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$213.3M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$896.5M
$130.3M
Total Assets
$1.3B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
PBYI
PBYI
Q4 25
$97.5M
Q3 25
$94.4M
Q2 25
$96.0M
Q1 25
$93.2M
Q4 24
$101.0M
Q3 24
$96.7M
Q2 24
$96.8M
Q1 24
$107.2M
Total Debt
MMYT
MMYT
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
MMYT
MMYT
PBYI
PBYI
Q4 25
$130.3M
Q3 25
$115.3M
Q2 25
$104.7M
Q1 25
$97.1M
Q4 24
$92.1M
Q3 24
$71.1M
Q2 24
$48.5M
Q1 24
$51.0M
Total Assets
MMYT
MMYT
PBYI
PBYI
Q4 25
$216.3M
Q3 25
$202.9M
Q2 25
$194.9M
Q1 25
$196.2M
Q4 24
$213.3M
Q3 24
$220.7M
Q2 24
$205.0M
Q1 24
$214.1M
Debt / Equity
MMYT
MMYT
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
$11.2M
Free Cash Flow
MMYT
MMYT
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
MMYT
MMYT
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
MMYT
MMYT
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
MMYT
MMYT
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons