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Side-by-side financial comparison of Token Cat Ltd (TC) and Trip.com Group Ltd (TCOM). Click either name above to swap in a different company.
Trip.com Group Ltd is the larger business by last-quarter revenue ($304.6M vs $2.8M, roughly 110.3× Token Cat Ltd). Trip.com Group Ltd runs the higher net margin — 27.8% vs -3.4%, a 31.1% gap on every dollar of revenue.
Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.
TC vs TCOM — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $304.6M |
| Net Profit | $-93.0K | $84.6M |
| Gross Margin | 79.0% | 78.8% |
| Operating Margin | -206.9% | 16.5% |
| Net Margin | -3.4% | 27.8% |
| Revenue YoY | -37.9% | — |
| Net Profit YoY | 98.3% | — |
| EPS (diluted) | — | $0.12 |
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.
| Q4 25 | — | $304.6M | ||
| Q2 25 | $2.8M | — | ||
| Q2 24 | $4.4M | $242.7M | ||
| Q2 23 | $12.7M | $214.5M | ||
| Q4 22 | — | $100.7M | ||
| Q3 22 | — | $82.7M | ||
| Q2 22 | $13.3M | — |
| Q4 25 | — | $84.6M | ||
| Q2 25 | $-93.0K | — | ||
| Q2 24 | $-5.6M | $73.8M | ||
| Q2 23 | $-4.2M | $12.6M | ||
| Q4 22 | — | $41.5M | ||
| Q3 22 | — | $152.6M | ||
| Q2 22 | $-8.4M | — |
| Q4 25 | — | 78.8% | ||
| Q2 25 | 79.0% | — | ||
| Q2 24 | 69.2% | 81.8% | ||
| Q2 23 | 63.4% | 82.0% | ||
| Q4 22 | — | 76.0% | ||
| Q3 22 | — | 75.5% | ||
| Q2 22 | 81.0% | — |
| Q4 25 | — | 16.5% | ||
| Q2 25 | -206.9% | — | ||
| Q2 24 | -146.9% | 27.8% | ||
| Q2 23 | -59.9% | 26.4% | ||
| Q4 22 | — | — | ||
| Q3 22 | — | -4.2% | ||
| Q2 22 | -49.6% | — |
| Q4 25 | — | 27.8% | ||
| Q2 25 | -3.4% | — | ||
| Q2 24 | -125.9% | 30.4% | ||
| Q2 23 | -33.3% | 5.9% | ||
| Q4 22 | — | 41.2% | ||
| Q3 22 | — | 184.6% | ||
| Q2 22 | -62.9% | — |
| Q4 25 | — | $0.12 | ||
| Q2 25 | — | — | ||
| Q2 24 | — | $0.11 | ||
| Q2 23 | — | $0.02 | ||
| Q4 22 | — | $0.06 | ||
| Q3 22 | — | $0.00 | ||
| Q2 22 | $-0.03 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $150.0K | $10.8B |
| Total DebtLower is stronger | $1.4M | $4.2B |
| Stockholders' EquityBook value | $4.6M | $23.8B |
| Total Assets | $28.4M | $36.9B |
| Debt / EquityLower = less leverage | 0.30× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.8B | ||
| Q2 25 | $150.0K | — | ||
| Q2 24 | $689.0K | $12.4B | ||
| Q2 23 | $3.0M | $7.6B | ||
| Q4 22 | — | $6.2B | ||
| Q3 22 | — | $7.4B | ||
| Q2 22 | $4.8M | — |
| Q4 25 | — | $4.2B | ||
| Q2 25 | $1.4M | — | ||
| Q2 24 | $1.8M | $8.2B | ||
| Q2 23 | — | $7.2B | ||
| Q4 22 | — | $1.8B | ||
| Q3 22 | — | $7.4B | ||
| Q2 22 | — | — |
| Q4 25 | — | $23.8B | ||
| Q2 25 | $4.6M | — | ||
| Q2 24 | $-787.0K | $18.1B | ||
| Q2 23 | $9.1M | $16.3B | ||
| Q4 22 | — | $16.3B | ||
| Q3 22 | — | $15.2B | ||
| Q2 22 | $21.4M | — |
| Q4 25 | — | $36.9B | ||
| Q2 25 | $28.4M | — | ||
| Q2 24 | $12.5M | $34.2B | ||
| Q2 23 | $25.1M | $30.1B | ||
| Q4 22 | — | $27.8B | ||
| Q3 22 | — | $26.9B | ||
| Q2 22 | $40.6M | — |
| Q4 25 | — | 0.18× | ||
| Q2 25 | 0.30× | — | ||
| Q2 24 | — | 0.45× | ||
| Q2 23 | — | 0.44× | ||
| Q4 22 | — | 0.11× | ||
| Q3 22 | — | 0.49× | ||
| Q2 22 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-23.7M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q2 25 | $-23.7M | — | ||
| Q2 24 | $-1.5M | — | ||
| Q2 23 | $-7.2M | — | ||
| Q4 22 | — | $380.0M | ||
| Q3 22 | — | — | ||
| Q2 22 | $-8.3M | — |
| Q4 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | $-1.5M | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | $308.0M | ||
| Q3 22 | — | — | ||
| Q2 22 | $-8.3M | — |
| Q4 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | -34.4% | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 305.7% | ||
| Q3 22 | — | — | ||
| Q2 22 | -62.2% | — |
| Q4 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | 0.0% | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 71.5% | ||
| Q3 22 | — | — | ||
| Q2 22 | 0.1% | — |
| Q4 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 9.15× | ||
| Q3 22 | — | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
