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Side-by-side financial comparison of MakeMyTrip Ltd (MMYT) and Urban Edge Properties (UE). Click either name above to swap in a different company.

Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $88.6M, roughly 1.5× MakeMyTrip Ltd). On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% 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.

Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.

MMYT vs UE — Head-to-Head

Bigger by revenue
UE
UE
1.5× larger
UE
$132.6M
$88.6M
MMYT
Growing faster (revenue YoY)
UE
UE
+0.4% gap
UE
12.2%
11.8%
MMYT

Income Statement — Q4 FY2022 vs Q1 FY2026

Metric
MMYT
MMYT
UE
UE
Revenue
$88.6M
$132.6M
Net Profit
$22.6M
Gross Margin
Operating Margin
3.8%
Net Margin
17.1%
Revenue YoY
11.8%
12.2%
Net Profit YoY
-6.7%
EPS (diluted)
$0.18

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
UE
UE
Q1 26
$132.6M
Q4 25
$119.6M
Q3 25
$120.1M
Q2 25
$114.1M
Q1 25
$118.2M
Q4 24
$116.4M
Q3 24
$112.4M
Q2 24
$106.5M
Net Profit
MMYT
MMYT
UE
UE
Q1 26
$22.6M
Q4 25
$12.4M
Q3 25
$14.9M
Q2 25
$58.0M
Q1 25
$8.2M
Q4 24
$30.1M
Q3 24
$9.1M
Q2 24
$30.8M
Operating Margin
MMYT
MMYT
UE
UE
Q1 26
Q4 25
11.3%
Q3 25
13.4%
Q2 25
53.9%
Q1 25
7.6%
Q4 24
27.6%
Q3 24
8.9%
Q2 24
30.6%
Net Margin
MMYT
MMYT
UE
UE
Q1 26
17.1%
Q4 25
10.4%
Q3 25
12.4%
Q2 25
50.8%
Q1 25
6.9%
Q4 24
25.9%
Q3 24
8.1%
Q2 24
28.9%
EPS (diluted)
MMYT
MMYT
UE
UE
Q1 26
$0.18
Q4 25
$0.09
Q3 25
$0.12
Q2 25
$0.46
Q1 25
$0.07
Q4 24
$0.25
Q3 24
$0.07
Q2 24
$0.26

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
UE
UE
Cash + ST InvestmentsLiquidity on hand
$213.3M
$50.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$896.5M
$1.4B
Total Assets
$1.3B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
UE
UE
Q1 26
$50.0M
Q4 25
$48.9M
Q3 25
$77.8M
Q2 25
$53.0M
Q1 25
$48.0M
Q4 24
$41.4M
Q3 24
$67.9M
Q2 24
$78.6M
Stockholders' Equity
MMYT
MMYT
UE
UE
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.3B
Total Assets
MMYT
MMYT
UE
UE
Q1 26
$3.4B
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$3.2B

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
UE
UE
Operating Cash FlowLast quarter
$39.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
UE
UE
Q1 26
$39.1M
Q4 25
$182.7M
Q3 25
$55.7M
Q2 25
$43.5M
Q1 25
$32.6M
Q4 24
$153.2M
Q3 24
$36.6M
Q2 24
$41.2M
Free Cash Flow
MMYT
MMYT
UE
UE
Q1 26
Q4 25
$81.8M
Q3 25
$26.1M
Q2 25
$19.6M
Q1 25
$11.9M
Q4 24
$42.5M
Q3 24
$12.2M
Q2 24
$19.9M
FCF Margin
MMYT
MMYT
UE
UE
Q1 26
Q4 25
68.4%
Q3 25
21.7%
Q2 25
17.2%
Q1 25
10.0%
Q4 24
36.6%
Q3 24
10.8%
Q2 24
18.6%
Capex Intensity
MMYT
MMYT
UE
UE
Q1 26
1.5%
Q4 25
84.4%
Q3 25
24.6%
Q2 25
20.9%
Q1 25
17.5%
Q4 24
95.1%
Q3 24
21.7%
Q2 24
20.1%
Cash Conversion
MMYT
MMYT
UE
UE
Q1 26
1.73×
Q4 25
14.71×
Q3 25
3.73×
Q2 25
0.75×
Q1 25
3.97×
Q4 24
5.09×
Q3 24
4.03×
Q2 24
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMYT
MMYT

Segment breakdown not available.

UE
UE

Rental revenue$124.2M94%
Other$8.4M6%

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