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Side-by-side financial comparison of MakeMyTrip Ltd (MMYT) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

GeneDx Holdings Corp. is the larger business by last-quarter revenue ($121.0M vs $88.6M, roughly 1.4× MakeMyTrip Ltd). On growth, GeneDx Holdings Corp. posted the faster year-over-year revenue change (26.5% 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.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

MMYT vs WGS — Head-to-Head

Bigger by revenue
WGS
WGS
1.4× larger
WGS
$121.0M
$88.6M
MMYT
Growing faster (revenue YoY)
WGS
WGS
+14.7% gap
WGS
26.5%
11.8%
MMYT

Income Statement — Q4 FY2022 vs Q4 FY2025

Metric
MMYT
MMYT
WGS
WGS
Revenue
$88.6M
$121.0M
Net Profit
$-17.7M
Gross Margin
69.6%
Operating Margin
3.8%
-11.8%
Net Margin
-14.6%
Revenue YoY
11.8%
26.5%
Net Profit YoY
-424.9%
EPS (diluted)
$-0.59

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
WGS
WGS
Q4 25
$121.0M
Q3 25
$116.7M
Q2 25
$102.7M
Q1 25
$87.1M
Q4 24
$95.6M
Q3 24
$76.9M
Q2 24
$70.5M
Q1 24
$62.4M
Net Profit
MMYT
MMYT
WGS
WGS
Q4 25
$-17.7M
Q3 25
$-7.6M
Q2 25
$10.8M
Q1 25
$-6.5M
Q4 24
$5.4M
Q3 24
$-8.3M
Q2 24
$-29.2M
Q1 24
$-20.2M
Gross Margin
MMYT
MMYT
WGS
WGS
Q4 25
69.6%
Q3 25
72.4%
Q2 25
69.0%
Q1 25
67.1%
Q4 24
69.2%
Q3 24
62.2%
Q2 24
60.9%
Q1 24
59.9%
Operating Margin
MMYT
MMYT
WGS
WGS
Q4 25
-11.8%
Q3 25
-2.8%
Q2 25
8.7%
Q1 25
-5.2%
Q4 24
9.2%
Q3 24
-10.1%
Q2 24
-15.0%
Q1 24
-21.9%
Net Margin
MMYT
MMYT
WGS
WGS
Q4 25
-14.6%
Q3 25
-6.5%
Q2 25
10.5%
Q1 25
-7.5%
Q4 24
5.7%
Q3 24
-10.8%
Q2 24
-41.4%
Q1 24
-32.4%
EPS (diluted)
MMYT
MMYT
WGS
WGS
Q4 25
$-0.59
Q3 25
$-0.27
Q2 25
$0.36
Q1 25
$-0.23
Q4 24
$0.25
Q3 24
$-0.31
Q2 24
$-1.10
Q1 24
$-0.78

Balance Sheet & Financial Strength

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

Metric
MMYT
MMYT
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$213.3M
$171.3M
Total DebtLower is stronger
$54.5M
Stockholders' EquityBook value
$896.5M
$308.2M
Total Assets
$1.3B
$523.7M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMYT
MMYT
WGS
WGS
Q4 25
$171.3M
Q3 25
$155.1M
Q2 25
$134.6M
Q1 25
$159.2M
Q4 24
$141.2M
Q3 24
$116.5M
Q2 24
$106.9M
Q1 24
$112.9M
Total Debt
MMYT
MMYT
WGS
WGS
Q4 25
$54.5M
Q3 25
$54.8M
Q2 25
$55.1M
Q1 25
$55.5M
Q4 24
$55.8M
Q3 24
$56.1M
Q2 24
$56.3M
Q1 24
$56.3M
Stockholders' Equity
MMYT
MMYT
WGS
WGS
Q4 25
$308.2M
Q3 25
$292.3M
Q2 25
$277.1M
Q1 25
$257.4M
Q4 24
$245.2M
Q3 24
$204.5M
Q2 24
$194.0M
Q1 24
$207.2M
Total Assets
MMYT
MMYT
WGS
WGS
Q4 25
$523.7M
Q3 25
$493.9M
Q2 25
$463.9M
Q1 25
$446.4M
Q4 24
$419.4M
Q3 24
$408.8M
Q2 24
$389.1M
Q1 24
$394.5M
Debt / Equity
MMYT
MMYT
WGS
WGS
Q4 25
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.23×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.27×

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
WGS
WGS
Operating Cash FlowLast quarter
$-3.1M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-6.1%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMYT
MMYT
WGS
WGS
Q4 25
$-3.1M
Q3 25
$15.8M
Q2 25
$10.4M
Q1 25
$10.2M
Q4 24
$-3.2M
Q3 24
$-4.4M
Q2 24
$-4.5M
Q1 24
$-16.4M
Free Cash Flow
MMYT
MMYT
WGS
WGS
Q4 25
$-7.4M
Q3 25
$9.6M
Q2 25
$8.1M
Q1 25
$4.1M
Q4 24
$-6.2M
Q3 24
$-5.0M
Q2 24
$-5.9M
Q1 24
$-16.9M
FCF Margin
MMYT
MMYT
WGS
WGS
Q4 25
-6.1%
Q3 25
8.2%
Q2 25
7.8%
Q1 25
4.7%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-8.3%
Q1 24
-27.0%
Capex Intensity
MMYT
MMYT
WGS
WGS
Q4 25
3.6%
Q3 25
5.3%
Q2 25
2.3%
Q1 25
7.0%
Q4 24
3.2%
Q3 24
0.8%
Q2 24
1.9%
Q1 24
0.7%
Cash Conversion
MMYT
MMYT
WGS
WGS
Q4 25
Q3 25
Q2 25
0.96×
Q1 25
Q4 24
-0.59×
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.

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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