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

PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $88.6M, roughly 1.4× MakeMyTrip Ltd). On growth, MakeMyTrip Ltd posted the faster year-over-year revenue change (11.8% vs 4.7%).

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.

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

MMYT vs PD — Head-to-Head

Bigger by revenue
PD
PD
1.4× larger
PD
$124.5M
$88.6M
MMYT
Growing faster (revenue YoY)
MMYT
MMYT
+7.1% gap
MMYT
11.8%
4.7%
PD

Income Statement — Q4 FY2022 vs Q3 FY2026

Metric
MMYT
MMYT
PD
PD
Revenue
$88.6M
$124.5M
Net Profit
$161.6M
Gross Margin
85.3%
Operating Margin
3.8%
6.5%
Net Margin
129.7%
Revenue YoY
11.8%
4.7%
Net Profit YoY
2827.7%
EPS (diluted)
$1.69

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
PD
PD
Q4 25
$124.5M
Q3 25
$123.4M
Q2 25
$119.8M
Q1 25
$121.4M
Q4 24
$118.9M
Q3 24
$115.9M
Q2 24
$111.2M
Q1 24
$111.1M
Net Profit
MMYT
MMYT
PD
PD
Q4 25
$161.6M
Q3 25
$9.6M
Q2 25
$-7.2M
Q1 25
$-8.8M
Q4 24
$-5.9M
Q3 24
$-10.9M
Q2 24
$-17.1M
Q1 24
$-28.2M
Gross Margin
MMYT
MMYT
PD
PD
Q4 25
85.3%
Q3 25
84.6%
Q2 25
84.0%
Q1 25
83.6%
Q4 24
83.0%
Q3 24
82.7%
Q2 24
82.6%
Q1 24
81.7%
Operating Margin
MMYT
MMYT
PD
PD
Q4 25
6.5%
Q3 25
2.9%
Q2 25
-8.6%
Q1 25
-9.6%
Q4 24
-8.7%
Q3 24
-13.8%
Q2 24
-19.5%
Q1 24
-30.1%
Net Margin
MMYT
MMYT
PD
PD
Q4 25
129.7%
Q3 25
7.8%
Q2 25
-6.0%
Q1 25
-7.2%
Q4 24
-5.0%
Q3 24
-9.4%
Q2 24
-15.4%
Q1 24
-25.3%
EPS (diluted)
MMYT
MMYT
PD
PD
Q4 25
$1.69
Q3 25
$0.10
Q2 25
$-0.07
Q1 25
$-0.12
Q4 24
$-0.07
Q3 24
$-0.14
Q2 24
$-0.26
Q1 24
$-0.34

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
PD
PD
Cash + ST InvestmentsLiquidity on hand
$213.3M
$547.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$896.5M
$320.5M
Total Assets
$1.3B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
PD
PD
Q4 25
$547.8M
Q3 25
$567.9M
Q2 25
$597.1M
Q1 25
$570.8M
Q4 24
$542.2M
Q3 24
$599.3M
Q2 24
$592.8M
Q1 24
$571.2M
Total Debt
MMYT
MMYT
PD
PD
Q4 25
Q3 25
Q2 25
Q1 25
$484.5M
Q4 24
Q3 24
Q2 24
Q1 24
$489.5M
Stockholders' Equity
MMYT
MMYT
PD
PD
Q4 25
$320.5M
Q3 25
$180.7M
Q2 25
$145.7M
Q1 25
$129.8M
Q4 24
$111.6M
Q3 24
$164.7M
Q2 24
$174.0M
Q1 24
$171.6M
Total Assets
MMYT
MMYT
PD
PD
Q4 25
$1.0B
Q3 25
$891.5M
Q2 25
$926.8M
Q1 25
$927.3M
Q4 24
$866.8M
Q3 24
$916.0M
Q2 24
$924.0M
Q1 24
$925.3M
Debt / Equity
MMYT
MMYT
PD
PD
Q4 25
Q3 25
Q2 25
Q1 25
3.73×
Q4 24
Q3 24
Q2 24
Q1 24
2.85×

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
PD
PD
Operating Cash FlowLast quarter
$24.8M
Free Cash FlowOCF − Capex
$24.1M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
0.15×
TTM Free Cash FlowTrailing 4 quarters
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
PD
PD
Q4 25
$24.8M
Q3 25
$34.0M
Q2 25
$30.7M
Q1 25
$31.4M
Q4 24
$22.1M
Q3 24
$35.8M
Q2 24
$28.6M
Q1 24
$22.2M
Free Cash Flow
MMYT
MMYT
PD
PD
Q4 25
$24.1M
Q3 25
$33.1M
Q2 25
$30.2M
Q1 25
$30.3M
Q4 24
$21.5M
Q3 24
$35.1M
Q2 24
$28.2M
Q1 24
$21.2M
FCF Margin
MMYT
MMYT
PD
PD
Q4 25
19.3%
Q3 25
26.8%
Q2 25
25.2%
Q1 25
24.9%
Q4 24
18.1%
Q3 24
30.3%
Q2 24
25.4%
Q1 24
19.1%
Capex Intensity
MMYT
MMYT
PD
PD
Q4 25
0.6%
Q3 25
0.7%
Q2 25
0.4%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.4%
Q1 24
0.9%
Cash Conversion
MMYT
MMYT
PD
PD
Q4 25
0.15×
Q3 25
3.55×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMYT
MMYT

Segment breakdown not available.

PD
PD

US$88.8M71%
Non Us$35.7M29%

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