BABA vs TCOM
Alibaba Group Holding Ltd. and Trip.com Group Ltd., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BABA | TCOM |
|---|---|---|
| Revenue | CNY 1.0T | CNY 62.5B |
| Net income | CNY 103.6B | CNY 33.3B |
| Gross margin | 39.8% | 80.4% |
| Net margin | 10.0% | 53.4% |
| Return on equity | 10.0% | 21.3% |
| Diluted EPS | CNY 5.50 | · |
| Dividend / share | · | · |
| Payout ratio | 32.6% | 4.3% |
| Free cash flow | · | CNY 13.6B |
| Equity | CNY 1.1T | CNY 170.8B |
| Net debt / equity | · | −0.05× |
| Current ratio | 1.28× | 1.55× |
| Revenue CAGR 5y | 7.4% | 27.8% |
| Profit CAGR 5y | −7.2% | · |
BABA bills 16.4× the revenue of TCOM, and TCOM keeps more of each dollar of revenue as profit (53.4% against 10.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BABA | TCOM |
|---|---|---|
| FY2025 | CNY 1.0T | CNY 62.5B |
| FY2024 | CNY 996.3B | CNY 53.4B |
| FY2023 | CNY 941.2B | CNY 44.6B |
| FY2022 | CNY 868.7B | CNY 20.1B |
| FY2021 | CNY 853.1B | CNY 20.0B |
| FY2020 | CNY 717.3B | CNY 18.3B |
| FY2019 | CNY 509.7B | CNY 35.7B |
| FY2018 | CNY 376.8B | CNY 31.1B |
| FY2017 | CNY 250.3B | CNY 27.0B |
| FY2016 | CNY 158.3B | CNY 19.8B |
Bottom line
| Fiscal year | BABA | TCOM |
|---|---|---|
| FY2025 | CNY 103.6B | CNY 33.3B |
| FY2024 | CNY 130.1B | CNY 17.1B |
| FY2023 | CNY 80.0B | CNY 9.9B |
| FY2022 | CNY 72.8B | CNY 1.4B |
| FY2021 | CNY 62.2B | CNY -550.0M |
| FY2020 | CNY 150.6B | CNY -3.2B |
| FY2019 | CNY 149.4B | CNY 7.0B |
| FY2018 | CNY 87.9B | CNY 1.1B |
| FY2017 | CNY 64.1B | CNY 2.2B |
| FY2016 | CNY 43.7B | CNY -1.4B |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 961,160,000,000 | BABA |
| FY2024 | +CNY 942,970,000,000 | BABA |
| FY2023 | +CNY 896,606,000,000 | BABA |
| FY2022 | +CNY 848,632,000,000 | BABA |
| FY2021 | +CNY 833,033,000,000 | BABA |
| FY2020 | +CNY 698,962,000,000 | BABA |
| FY2019 | +CNY 473,995,000,000 | BABA |
| FY2018 | +CNY 345,740,000,000 | BABA |
| FY2017 | +CNY 223,273,000,000 | BABA |
| FY2016 | +CNY 138,468,000,000 | BABA |
| FY2015 | +CNY 89,646,053,592 | BABA |
| FY2014 | +CNY 68,431,442,893 | BABA |
| FY2013 | +CNY 46,786,982,938 | BABA |
| FY2012 | +CNY 30,107,807,742 | BABA |
BABA has reported the higher revenue in every one of these 14 fiscal years. The gap has widened since the earliest year compared.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −43.4 pp | TCOM |
| FY2024 | −19.6 pp | TCOM |
| FY2023 | −14.9 pp | TCOM |
| FY2022 | +0.7 pp | BABA |
| FY2021 | +8.7 pp | BABA |
| FY2020 | +37.8 pp | BABA |
| FY2019 | +7.9 pp | BABA |
| FY2018 | +17.8 pp | BABA |
| FY2017 | +16.5 pp | BABA |
| FY2016 | +34.2 pp | BABA |
| FY2015 | +49.6 pp | BABA |
| FY2014 | +30.7 pp | BABA |
| FY2013 | +28.7 pp | BABA |
| FY2012 | +9.4 pp | BABA |
The higher net margin has changed hands between BABA and TCOM over this period.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TCOM's net margin has been more volatile than BABA's over the 14 comparable fiscal years — 17.2 percentage points of standard deviation against 16.7.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BABA and TCOM over these 14 fiscal years — BABA led in 11 and TCOM in 3.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BABA's return on equity has been more volatile than TCOM's over the 14 comparable fiscal years — 422.6 percentage points of standard deviation against 6.8.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BABA and TCOM over these 14 fiscal years — BABA led in 12 and TCOM in 2.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.