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Side-by-side financial comparison of MakeMyTrip Ltd (MMYT) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.

PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $88.6M, roughly 1.9× MakeMyTrip Ltd). On growth, MakeMyTrip Ltd posted the faster year-over-year revenue change (11.8% vs 2.2%).

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.

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

MMYT vs PRK — Head-to-Head

Bigger by revenue
PRK
PRK
1.9× larger
PRK
$168.3M
$88.6M
MMYT
Growing faster (revenue YoY)
MMYT
MMYT
+9.6% gap
MMYT
11.8%
2.2%
PRK

Income Statement — Q4 FY2022 vs Q4 FY2025

Metric
MMYT
MMYT
PRK
PRK
Revenue
$88.6M
$168.3M
Net Profit
$42.6M
Gross Margin
Operating Margin
3.8%
Net Margin
25.3%
Revenue YoY
11.8%
2.2%
Net Profit YoY
10.4%
EPS (diluted)
$2.62

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
PRK
PRK
Q4 25
$168.3M
Q3 25
$169.5M
Q2 25
$168.7M
Q1 25
$157.9M
Q4 24
$164.7M
Q3 24
$170.3M
Q2 24
$157.7M
Q1 24
$152.8M
Net Profit
MMYT
MMYT
PRK
PRK
Q4 25
$42.6M
Q3 25
$47.2M
Q2 25
$48.1M
Q1 25
$42.2M
Q4 24
$38.6M
Q3 24
$38.2M
Q2 24
$39.4M
Q1 24
$35.2M
Operating Margin
MMYT
MMYT
PRK
PRK
Q4 25
Q3 25
34.3%
Q2 25
35.2%
Q1 25
32.4%
Q4 24
Q3 24
27.4%
Q2 24
30.6%
Q1 24
27.8%
Net Margin
MMYT
MMYT
PRK
PRK
Q4 25
25.3%
Q3 25
27.8%
Q2 25
28.5%
Q1 25
26.7%
Q4 24
23.5%
Q3 24
22.4%
Q2 24
25.0%
Q1 24
23.0%
EPS (diluted)
MMYT
MMYT
PRK
PRK
Q4 25
$2.62
Q3 25
$2.92
Q2 25
$2.97
Q1 25
$2.60
Q4 24
$2.38
Q3 24
$2.35
Q2 24
$2.42
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$213.3M
$233.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$896.5M
$1.4B
Total Assets
$1.3B
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
PRK
PRK
Q4 25
$233.5M
Q3 25
$218.9M
Q2 25
$193.1M
Q1 25
$237.6M
Q4 24
$160.6M
Q3 24
$201.7M
Q2 24
$261.5M
Q1 24
$306.1M
Stockholders' Equity
MMYT
MMYT
PRK
PRK
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
MMYT
MMYT
PRK
PRK
Q4 25
$9.8B
Q3 25
$9.9B
Q2 25
$9.9B
Q1 25
$9.9B
Q4 24
$9.8B
Q3 24
$9.9B
Q2 24
$9.9B
Q1 24
$9.9B

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
PRK
PRK
Operating Cash FlowLast quarter
$198.3M
Free Cash FlowOCF − Capex
$191.9M
FCF MarginFCF / Revenue
114.1%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
4.65×
TTM Free Cash FlowTrailing 4 quarters
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
PRK
PRK
Q4 25
$198.3M
Q3 25
$52.6M
Q2 25
$49.7M
Q1 25
$37.9M
Q4 24
$178.8M
Q3 24
$43.8M
Q2 24
$50.9M
Q1 24
$35.0M
Free Cash Flow
MMYT
MMYT
PRK
PRK
Q4 25
$191.9M
Q3 25
$51.1M
Q2 25
$48.4M
Q1 25
$36.8M
Q4 24
$169.7M
Q3 24
$41.7M
Q2 24
$49.0M
Q1 24
$31.9M
FCF Margin
MMYT
MMYT
PRK
PRK
Q4 25
114.1%
Q3 25
30.1%
Q2 25
28.7%
Q1 25
23.3%
Q4 24
103.0%
Q3 24
24.5%
Q2 24
31.1%
Q1 24
20.8%
Capex Intensity
MMYT
MMYT
PRK
PRK
Q4 25
3.8%
Q3 25
0.9%
Q2 25
0.8%
Q1 25
0.7%
Q4 24
5.6%
Q3 24
1.2%
Q2 24
1.2%
Q1 24
2.1%
Cash Conversion
MMYT
MMYT
PRK
PRK
Q4 25
4.65×
Q3 25
1.11×
Q2 25
1.03×
Q1 25
0.90×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
0.99×

Financial Flow Comparison

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

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