MakeMyTrip (MMYT) Return on Capital Employed (2010 - 2026)
MakeMyTrip (MMYT) recorded quarterly Return on Capital Employed of 10.65% in Q1 2026, down 10.07% quarter-over-quarter from 11.85% in Q4 2025, and up 101.0% on a YoY basis from 5.3% in Q1 2025.
MakeMyTrip (MMYT) Return on Capital Employed (2010 - 2026) Analysis & Trends
MakeMyTrip's Return on Capital Employed history runs 17 years deep, the most recent figure standing at 10.65% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 101.0% year-over-year to 10.65%; the TTM figure through Mar 2026 stood at 10.65% (up 101.0% YoY), while the FY2026 annual figure was 10.77%, up 50.0% from the prior year.
- Return on Capital Employed was 10.65% for Q1 2026 at MakeMyTrip, down from 11.85% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 11.85% in Q4 2025 to a low of 53.57% in Q2 2025.
- Historically, Return on Capital Employed has averaged 1.44% across 5 years, with a median of 5.04% in 2024.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed soared 531 bps in 2023, then slumped 5901 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 1.73% in 2022, then soared by 244 bps to 5.95% in 2023, then increased by 24 bps to 7.36% in 2024, then surged by 61 bps to 11.85% in 2025, then slipped by 10 bps to 10.65% in 2026.
- The last three Return on Capital Employed figures came in at 10.65% (Q1 2026), 11.85% (Q4 2025), and 5.07% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 104.07% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 31.79% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 16.68% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.60% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 35.97% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 0.57% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 2.23% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 8.24% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 10.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.65% |
| Dec 31, 2025 | 11.85% |
| Sep 30, 2025 | 5.07% |
| Jun 30, 2025 | -53.57% |
| Mar 31, 2025 | 9.64% |
| Dec 31, 2024 | 7.36% |
| Sep 30, 2024 | 6.65% |
| Jun 30, 2024 | 5.44% |
| Mar 31, 2024 | 5.04% |
| Dec 31, 2023 | 5.95% |
| Sep 30, 2023 | 4.52% |
| Jun 30, 2023 | 4.25% |
| Mar 31, 2023 | 2.64% |
| Dec 31, 2022 | 1.73% |
| Sep 30, 2022 | 0.49% |
| Jun 30, 2022 | -0.59% |
| Mar 31, 2022 | -2.67% |
| Dec 31, 2021 | -2.98% |
| Sep 30, 2021 | -3.13% |
| Jun 30, 2021 | -4.64% |