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

MakeMyTrip Ltd is the larger business by last-quarter revenue ($88.6M vs $76.2M, roughly 1.2× VIEMED HEALTHCARE, INC.). On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

MMYT vs VMD — Head-to-Head

Bigger by revenue
MMYT
MMYT
1.2× larger
MMYT
$88.6M
$76.2M
VMD
Growing faster (revenue YoY)
VMD
VMD
+13.7% gap
VMD
25.5%
11.8%
MMYT

Income Statement — Q4 FY2022 vs Q4 FY2025

Metric
MMYT
MMYT
VMD
VMD
Revenue
$88.6M
$76.2M
Net Profit
$5.6M
Gross Margin
57.9%
Operating Margin
3.8%
11.0%
Net Margin
7.4%
Revenue YoY
11.8%
25.5%
Net Profit YoY
30.7%
EPS (diluted)
$0.14

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
VMD
VMD
Q4 25
$76.2M
Q3 25
$71.9M
Q2 25
$63.1M
Q1 25
$59.1M
Q4 24
$60.7M
Q3 24
$58.0M
Q2 24
$55.0M
Q1 24
$50.6M
Net Profit
MMYT
MMYT
VMD
VMD
Q4 25
$5.6M
Q3 25
$3.5M
Q2 25
$3.2M
Q1 25
$2.6M
Q4 24
$4.3M
Q3 24
$3.9M
Q2 24
$1.5M
Q1 24
$1.6M
Gross Margin
MMYT
MMYT
VMD
VMD
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
MMYT
MMYT
VMD
VMD
Q4 25
11.0%
Q3 25
7.8%
Q2 25
8.1%
Q1 25
6.5%
Q4 24
10.6%
Q3 24
9.7%
Q2 24
6.6%
Q1 24
4.4%
Net Margin
MMYT
MMYT
VMD
VMD
Q4 25
7.4%
Q3 25
4.9%
Q2 25
5.0%
Q1 25
4.4%
Q4 24
7.1%
Q3 24
6.7%
Q2 24
2.7%
Q1 24
3.2%
EPS (diluted)
MMYT
MMYT
VMD
VMD
Q4 25
$0.14
Q3 25
$0.09
Q2 25
$0.08
Q1 25
$0.06
Q4 24
$0.10
Q3 24
$0.10
Q2 24
$0.04
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$213.3M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$896.5M
$141.5M
Total Assets
$1.3B
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
VMD
VMD
Q4 25
$13.5M
Q3 25
$11.1M
Q2 25
$20.0M
Q1 25
$10.2M
Q4 24
$17.5M
Q3 24
$11.3M
Q2 24
$8.8M
Q1 24
$7.3M
Stockholders' Equity
MMYT
MMYT
VMD
VMD
Q4 25
$141.5M
Q3 25
$133.6M
Q2 25
$139.7M
Q1 25
$134.8M
Q4 24
$131.4M
Q3 24
$125.0M
Q2 24
$119.4M
Q1 24
$116.3M
Total Assets
MMYT
MMYT
VMD
VMD
Q4 25
$199.2M
Q3 25
$202.4M
Q2 25
$184.6M
Q1 25
$178.1M
Q4 24
$177.1M
Q3 24
$169.5M
Q2 24
$163.9M
Q1 24
$154.9M

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
VMD
VMD
Operating Cash FlowLast quarter
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
VMD
VMD
Q4 25
$18.4M
Q3 25
$18.4M
Q2 25
$12.3M
Q1 25
$2.9M
Q4 24
$15.0M
Q3 24
$12.7M
Q2 24
$10.2M
Q1 24
$1.2M
Free Cash Flow
MMYT
MMYT
VMD
VMD
Q4 25
$9.7M
Q3 25
$10.7M
Q2 25
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
MMYT
MMYT
VMD
VMD
Q4 25
12.7%
Q3 25
14.9%
Q2 25
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
MMYT
MMYT
VMD
VMD
Q4 25
11.5%
Q3 25
10.6%
Q2 25
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
MMYT
MMYT
VMD
VMD
Q4 25
3.27×
Q3 25
5.23×
Q2 25
3.88×
Q1 25
1.09×
Q4 24
3.47×
Q3 24
3.29×
Q2 24
6.94×
Q1 24
0.73×

Financial Flow Comparison

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

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