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Side-by-side financial comparison of MakeMyTrip Ltd (MMYT) and PDF SOLUTIONS INC (PDFS). Click either name above to swap in a different company.

MakeMyTrip Ltd is the larger business by last-quarter revenue ($88.6M vs $62.4M, roughly 1.4× PDF SOLUTIONS INC). On growth, PDF SOLUTIONS INC posted the faster year-over-year revenue change (24.6% 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.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

MMYT vs PDFS — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.4× larger
MMYT
$88.6M
$62.4M
PDFS
Growing faster (revenue YoY)
PDFS
PDFS
+12.8% gap
PDFS
24.6%
11.8%
MMYT

Income Statement — Q4 FY2022 vs Q4 FY2025

Metric
MMYT
MMYT
PDFS
PDFS
Revenue
$88.6M
$62.4M
Net Profit
$-48.0K
Gross Margin
72.9%
Operating Margin
3.8%
5.5%
Net Margin
-0.1%
Revenue YoY
11.8%
24.6%
Net Profit YoY
-108.9%
EPS (diluted)
$0.00

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
PDFS
PDFS
Q4 25
$62.4M
Q3 25
$57.1M
Q2 25
$51.7M
Q1 25
$47.8M
Q4 24
$50.1M
Q3 24
$46.4M
Q2 24
$41.7M
Q1 24
$41.3M
Net Profit
MMYT
MMYT
PDFS
PDFS
Q4 25
$-48.0K
Q3 25
$1.3M
Q2 25
$1.1M
Q1 25
$-3.0M
Q4 24
$539.0K
Q3 24
$2.2M
Q2 24
$1.7M
Q1 24
$-393.0K
Gross Margin
MMYT
MMYT
PDFS
PDFS
Q4 25
72.9%
Q3 25
72.3%
Q2 25
71.2%
Q1 25
72.9%
Q4 24
68.3%
Q3 24
73.1%
Q2 24
70.6%
Q1 24
67.3%
Operating Margin
MMYT
MMYT
PDFS
PDFS
Q4 25
5.5%
Q3 25
8.5%
Q2 25
2.2%
Q1 25
-7.4%
Q4 24
1.0%
Q3 24
4.6%
Q2 24
0.6%
Q1 24
-4.7%
Net Margin
MMYT
MMYT
PDFS
PDFS
Q4 25
-0.1%
Q3 25
2.3%
Q2 25
2.2%
Q1 25
-6.3%
Q4 24
1.1%
Q3 24
4.8%
Q2 24
4.1%
Q1 24
-1.0%
EPS (diluted)
MMYT
MMYT
PDFS
PDFS
Q4 25
$0.00
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$-0.08
Q4 24
$0.01
Q3 24
$0.06
Q2 24
$0.04
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$213.3M
$42.2M
Total DebtLower is stronger
$67.0M
Stockholders' EquityBook value
$896.5M
$271.0M
Total Assets
$1.3B
$418.7M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
PDFS
PDFS
Q4 25
$42.2M
Q3 25
$35.9M
Q2 25
$40.4M
Q1 25
$54.1M
Q4 24
$114.9M
Q3 24
$120.2M
Q2 24
$117.9M
Q1 24
$122.9M
Total Debt
MMYT
MMYT
PDFS
PDFS
Q4 25
$67.0M
Q3 25
$67.6M
Q2 25
$68.1M
Q1 25
$68.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MMYT
MMYT
PDFS
PDFS
Q4 25
$271.0M
Q3 25
$264.4M
Q2 25
$257.5M
Q1 25
$249.0M
Q4 24
$246.0M
Q3 24
$240.5M
Q2 24
$232.2M
Q1 24
$225.4M
Total Assets
MMYT
MMYT
PDFS
PDFS
Q4 25
$418.7M
Q3 25
$406.4M
Q2 25
$391.1M
Q1 25
$390.0M
Q4 24
$315.3M
Q3 24
$307.4M
Q2 24
$298.0M
Q1 24
$286.8M
Debt / Equity
MMYT
MMYT
PDFS
PDFS
Q4 25
0.25×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.28×
Q4 24
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
MMYT
MMYT
PDFS
PDFS
Operating Cash FlowLast quarter
$17.3M
Free Cash FlowOCF − Capex
$7.5M
FCF MarginFCF / Revenue
12.1%
Capex IntensityCapex / Revenue
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
PDFS
PDFS
Q4 25
$17.3M
Q3 25
$3.3M
Q2 25
$-5.2M
Q1 25
$8.6M
Q4 24
$1.6M
Q3 24
$9.3M
Q2 24
$684.0K
Q1 24
$-1.9M
Free Cash Flow
MMYT
MMYT
PDFS
PDFS
Q4 25
$7.5M
Q3 25
$-2.9M
Q2 25
$-13.8M
Q1 25
$535.0K
Q4 24
$-4.0M
Q3 24
$5.1M
Q2 24
$-4.6M
Q1 24
$-3.9M
FCF Margin
MMYT
MMYT
PDFS
PDFS
Q4 25
12.1%
Q3 25
-5.1%
Q2 25
-26.6%
Q1 25
1.1%
Q4 24
-8.0%
Q3 24
11.0%
Q2 24
-11.1%
Q1 24
-9.4%
Capex Intensity
MMYT
MMYT
PDFS
PDFS
Q4 25
15.7%
Q3 25
10.8%
Q2 25
16.5%
Q1 25
17.0%
Q4 24
11.3%
Q3 24
9.0%
Q2 24
12.8%
Q1 24
4.9%
Cash Conversion
MMYT
MMYT
PDFS
PDFS
Q4 25
Q3 25
2.54×
Q2 25
-4.55×
Q1 25
Q4 24
2.98×
Q3 24
4.20×
Q2 24
0.40×
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.

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

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