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Side-by-side financial comparison of Trip.com Group Ltd (TCOM) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $304.6M, roughly 1.5× Trip.com Group Ltd). W. P. Carey Inc. runs the higher net margin — 33.4% vs 27.8%, a 5.6% 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.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

TCOM vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.5× larger
WPC
$444.5M
$304.6M
TCOM
Higher net margin
WPC
WPC
5.6% more per $
WPC
33.4%
27.8%
TCOM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TCOM
TCOM
WPC
WPC
Revenue
$304.6M
$444.5M
Net Profit
$84.6M
$148.3M
Gross Margin
78.8%
Operating Margin
16.5%
34.5%
Net Margin
27.8%
33.4%
Revenue YoY
9.4%
Net Profit YoY
215.4%
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.

Revenue
TCOM
TCOM
WPC
WPC
Q4 25
$304.6M
$444.5M
Q3 25
$431.3M
Q2 25
$430.8M
Q1 25
$409.9M
Q4 24
$406.2M
Q3 24
$397.4M
Q2 24
$242.7M
$389.7M
Q1 24
$389.8M
Net Profit
TCOM
TCOM
WPC
WPC
Q4 25
$84.6M
$148.3M
Q3 25
$141.0M
Q2 25
$51.2M
Q1 25
$125.8M
Q4 24
$47.0M
Q3 24
$111.7M
Q2 24
$73.8M
$142.9M
Q1 24
$159.2M
Gross Margin
TCOM
TCOM
WPC
WPC
Q4 25
78.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
81.8%
Q1 24
Operating Margin
TCOM
TCOM
WPC
WPC
Q4 25
16.5%
34.5%
Q3 25
34.7%
Q2 25
15.0%
Q1 25
33.5%
Q4 24
13.5%
Q3 24
30.4%
Q2 24
27.8%
38.3%
Q1 24
43.0%
Net Margin
TCOM
TCOM
WPC
WPC
Q4 25
27.8%
33.4%
Q3 25
32.7%
Q2 25
11.9%
Q1 25
30.7%
Q4 24
11.6%
Q3 24
28.1%
Q2 24
30.4%
36.7%
Q1 24
40.8%
EPS (diluted)
TCOM
TCOM
WPC
WPC
Q4 25
$0.12
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$0.11
Q1 24

Balance Sheet & Financial Strength

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

Metric
TCOM
TCOM
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$10.8B
$155.3M
Total DebtLower is stronger
$4.2B
$8.7B
Stockholders' EquityBook value
$23.8B
$8.1B
Total Assets
$36.9B
$18.0B
Debt / EquityLower = less leverage
0.18×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCOM
TCOM
WPC
WPC
Q4 25
$10.8B
$155.3M
Q3 25
$249.0M
Q2 25
$244.8M
Q1 25
$187.8M
Q4 24
$640.4M
Q3 24
$818.2M
Q2 24
$12.4B
$1.1B
Q1 24
$777.0M
Total Debt
TCOM
TCOM
WPC
WPC
Q4 25
$4.2B
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$8.0B
Q3 24
$8.0B
Q2 24
$8.2B
$8.1B
Q1 24
$7.9B
Stockholders' Equity
TCOM
TCOM
WPC
WPC
Q4 25
$23.8B
$8.1B
Q3 25
$8.2B
Q2 25
$8.2B
Q1 25
$8.4B
Q4 24
$8.4B
Q3 24
$8.6B
Q2 24
$18.1B
$8.6B
Q1 24
$8.7B
Total Assets
TCOM
TCOM
WPC
WPC
Q4 25
$36.9B
$18.0B
Q3 25
$18.0B
Q2 25
$18.0B
Q1 25
$17.3B
Q4 24
$17.5B
Q3 24
$17.6B
Q2 24
$34.2B
$17.8B
Q1 24
$17.6B
Debt / Equity
TCOM
TCOM
WPC
WPC
Q4 25
0.18×
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
0.95×
Q3 24
0.93×
Q2 24
0.45×
0.94×
Q1 24
0.91×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TCOM
TCOM
WPC
WPC
Operating Cash FlowLast quarter
$304.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TCOM
TCOM
WPC
WPC
Q4 25
$304.6M
Q3 25
$300.5M
Q2 25
$404.0M
Q1 25
$273.2M
Q4 24
$296.3M
Q3 24
$280.2M
Q2 24
$221.0M
Q1 24
$1.0B
Cash Conversion
TCOM
TCOM
WPC
WPC
Q4 25
2.05×
Q3 25
2.13×
Q2 25
7.89×
Q1 25
2.17×
Q4 24
6.30×
Q3 24
2.51×
Q2 24
1.55×
Q1 24
6.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TCOM
TCOM

Others$273.0M90%
Other$31.6M10%

WPC
WPC

Segment breakdown not available.

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