MakeMyTrip (MMYT) Return on Capital Employed (2010 - 2026)
MakeMyTrip's (MMYT) quarterly Return on Capital Employed came in at 10.65% in Q1 2026, up 101.0% year-on-year from 5.3% in Q1 2025, and down 10.07% quarter-over-quarter from 11.85% in Q4 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.
- On a quarterly basis, Return on Capital Employed rose 101.0% year-over-year to 10.65% in Q1 2026; TTM through Mar 2026 was 10.65%, a 101.0% increase from a year earlier, with the FY2026 full-year figure at 10.77%, up 50.0% from the prior year.
- Return on Capital Employed retreated to 10.65% in Q1 2026 per MMYT's latest filing, from 11.85% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 11.85% in Q4 2025 and bottomed at 53.57% in Q2 2025.
- The 5-year median for Return on Capital Employed is 5.04% (2024), against an average of 1.44%.
- Across the five-year window, Return on Capital Employed surged 531 bps in 2023 and slumped 5901 bps in 2025, its largest moves.
- Year by year, Return on Capital Employed 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.
- Per Business Quant, the three latest MMYT Return on Capital Employed figures stand at 10.65% (Q1 2026), 11.85% (Q4 2025), and 5.07% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 104.07% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 16.68% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 31.79% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -1.24% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 54.76% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 11.61% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 35.97% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 9.40% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 10.65% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 2.23% |
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% |