Lindblad Expeditions Holdings vs Makemytrip
Makemytrip is the larger business, with $1.04bn of revenue in fiscal 2026 against $771m for Lindblad Expeditions Holdings (1.4 times as much). Lindblad Expeditions Holdings grew faster (19.6% against 6.7%). Makemytrip kept more of each dollar of sales as profit: a net margin of 5.0% against -3.9%.
| Latest fiscal year | Lindblad Expeditions HoldingsLIND, 2025 | MakemytripMMYT, 2026 |
|---|---|---|
| Revenue | $771m | $1.04bn |
| Revenue growth | 19.6% | 6.7% |
| Net income | −$29.7m | $51.8m |
| Operating margin | — | 14.9% |
| Net margin | -3.9% | 5.0% |
| Return on equity | — | 9.1% |
| Free cash flow | $63.8m | $178m |
| Cash | $257m | $425m |
| Total debt | $675m | $1.41bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $91.7m |
| Employees | 1,550 | — |
| Market value | $2.16bn | $5.00bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 22 (Weak) | — |
| Insider trades, 12 months | 0 buys, 55 sales | 0 buys, 0 sales |