Trip.com Group vs Viking Holdings
Trip.com Group is the larger business, with $8.68bn of revenue in fiscal 2025 against $6.50bn for Viking Holdings (1.3 times as much). Viking Holdings grew faster (21.9% against 17.2%). Trip.com Group kept more of each dollar of sales as profit: a net margin of 53.3% against 17.7%. Trip.com Group carries less debt relative to equity (18.0% against 518.0%).
| Latest fiscal year | Trip.com GroupTCOM, 2025 | Viking HoldingsVIK, 2025 |
|---|---|---|
| Revenue | $8.68bn | $6.50bn |
| Revenue growth | 17.2% | 21.9% |
| Net income | $4.63bn | $1.15bn |
| Operating margin | 25.3% | 23.1% |
| Net margin | 53.3% | 17.7% |
| Return on equity | 21.1% | — |
| Free cash flow | $1.89bn | — |
| Cash | $5.70bn | $3.80bn |
| Total debt | $4.40bn | $5.67bn |
| Debt to equity | 18.0% | 518.0% |
| Dividend per share | — | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $612m | — |
| Employees | — | — |
| Market value | $26.63bn | $38.87bn |
| Price vs our value range | Below our value range | — |
| Moat score | 58 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 30 sales |