MakeMyTrip (MMYT) Gross Margin (2009 - 2020)
MakeMyTrip (MMYT) recorded quarterly Gross Margin of 77.06% in Q1 2020, up 9.24% quarter-over-quarter from 70.54% in Q4 2019, and up 778.0% on a YoY basis from 8.78% in Q2 2019.
MakeMyTrip (MMYT) Gross Margin (2009 - 2020) Analysis & Trends
MakeMyTrip's Gross Margin history runs 12 years deep, the most recent figure standing at 77.06% for Q1 2020.
- In Q1 2020, Gross Margin rose 778.0% year-over-year to 77.06%; the TTM figure through Mar 2020 stood at 72.36% (up 545.0% YoY), while the FY2020 annual figure was 72.36%, up 545.0% from the prior year.
- Gross Margin was 77.06% for Q1 2020 at MakeMyTrip, up from 70.54% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 78.9% in Q3 2017 to a low of 48.56% in Q2 2016.
- Historically, Gross Margin has averaged 68.58% across 5 years, with a median of 70.23% in 2018.
- The sharpest annual moves came in 2017 and 2018: Gross Margin surged 2105 bps in 2017, then sank 1129 bps in 2018.
- A 5-year view of Gross Margin shows it stood at 62.11% in 2016, then climbed by 20 bps to 74.65% in 2017, then dropped by 6 bps to 70.23% in 2018, then rose by 0 bps to 70.54% in 2019, then advanced by 9 bps to 77.06% in 2020.
- The last three Gross Margin figures came in at 77.06% (Q1 2020), 70.54% (Q4 2019), and 76.32% (Q3 2019), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 62.62% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 78.30% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 49.53% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 89.00% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 40.89% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 85.00% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 96.36% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 78.84% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2020 | 77.06% |
| Dec 31, 2019 | 70.54% |
| Sep 30, 2019 | 76.32% |
| Jun 30, 2019 | 67.46% |
| Mar 31, 2019 | 69.28% |
| Dec 31, 2018 | 70.23% |
| Sep 30, 2018 | 71.54% |
| Jun 30, 2018 | 58.33% |
| Mar 31, 2018 | 77.83% |
| Dec 31, 2017 | 74.65% |
| Sep 30, 2017 | 78.90% |
| Jun 30, 2017 | 69.61% |
| Mar 31, 2017 | 70.89% |
| Dec 31, 2016 | 62.11% |
| Sep 30, 2016 | 64.01% |
| Jun 30, 2016 | 48.56% |
| Mar 31, 2016 | 58.48% |
| Dec 31, 2015 | 48.60% |
| Sep 30, 2015 | 55.75% |
| Jun 30, 2015 | 42.29% |