Stock Comparison

EXPE vs TCOM

Expedia Group Inc vs Trip.com Group Ltd

Who's the better investment? Let's break it down.

The Verdict

EXPE takes this one.

It's not even close. EXPE outscores TCOM by 5.7 points. That's a significant gap in our deep value framework.

Winner
EXPE

Expedia Group Inc

6.5

out of 10

Solid Pick
TCOM

Trip.com Group Ltd

0.8

out of 10

Distressed

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Valuation

EXPE

Metric

TCOM

$26.6B

Market Cap

$242.9B
17.9

P/E Ratio

Lower may indicate better value

6.3
13.1

Forward P/E

11.9
24.5

Price/Book

1.7
42.5

EV/EBITDA

5.2

Profitability & Growth

EXPE

Metric

TCOM

9.8%

Profit Margin

53.3%
90.3%

Gross Margin

80.6%
14.5%

Operating Margin

25.3%
147.6%

Return on Equity

21.0%
5.8%

Return on Assets

12.8%
10.0%

Revenue Growth

17.1%
$11.35

EPS

$47.77

Financial Health

EXPE

Metric

TCOM

4.8

Debt-to-Equity

Lower = less leverage

0.2
0.7

Current Ratio

Above 1.0 is healthy

1.5
1.3

Beta

Lower = less volatile

0.6
0.9%

Dividend Yield

0.6%

Risk Comparison

EXPE

Overall
Moderate
Financial
Low
Market
Medium
Competitive
High
Execution
Medium
Regulatory
Medium

What Could Go Wrong

An unforeseen global economic downturn or a significant resurgence in travel restrictions could severely impact booking volumes, especially in the higher-margin segments, leading to a sharp decline in...

Red Flags

  • 🚩While Q1 showed an impressive EBITDA surge, previous guidance indicated a slowdown for 2026, creatin...
  • 🚩High reliance on marketing spend in a competitive environment, which, if efficiency gains are not ma...
  • 🚩Exposure to consumer discretionary spending, making it vulnerable to economic cycles.

TCOM

Overall
Moderate
Financial
Low
Market
Medium
Competitive
Medium
Execution
Medium
Regulatory
Medium

What Could Go Wrong

The primary risk is a significant slowdown or reversal in global travel recovery, particularly due to new health crises or geopolitical events impacting key markets like China and other parts of Asia....

Red Flags

  • 🚩Mega-cap status in a mature industry makes 10x growth within 3-5 years statistically improbable, reg...
  • 🚩Lack of explicitly identified hyper-growth product segments or disruptive technologies that could fu...
  • 🚩Geopolitical and regulatory risks associated with its significant exposure to the Chinese market, wh...

Competitive Moat

EXPE

Rating

🛡️ Narrow

Trend

📈 Expanding

Network EffectsBrand PowerSwitching Costs

TCOM

Rating

🛡️ Narrow

Trend

➡️ Stable

Network EffectsBrand PowerIntangible Assets/IP

Investment Thesis

EXPE6.5/10

Expedia is an established travel leader successfully executing a strategic pivot, leveraging its strong B2C foundation to accelerate growth and profitability in its B2B segment. This shift, coupled with robust cash flow generation, effective capital allocation (buybacks, dividends), and ongoing operational efficiencies, positions the company for continued strong EPS growth and potential market re-...

Full EXPE Analysis
TCOM0.8/10

If Trip.com Group leverages its dominant APAC market position to capture increasing demand from recovering international travel and strategically expands its higher-margin ancillary services and targeted international offerings, then it could achieve consistent mid-to-high single-digit revenue growth and modest EPS expansion. This could lead to a multiple re-rating from its current trailing P/E of...

Full TCOM Analysis

Price Targets & Strategy

Price Targets & Entry/Exit Strategy

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Growth Catalysts

Growth Catalysts Comparison

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Market Sentiment

Market Sentiment Analysis

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The Deep Dive

EXPE6.5/10

Expedia Group (EXPE) has shown a significant positive shift in its operational and financial performance, particularly highlighted by its Q1 2026 results. The company delivered a strong beat on both revenue (+15% YoY) and adjusted EPS (+39% beat), with an impressive 83% YoY growth in Adjusted EBITDA. Crucially, its strategic pivot towards the B2B segment is yielding substantial results, with gross bookings and revenue growing at 22-25% YoY, indicating successful execution in a higher-growth area...

Full EXPE Analysis
TCOM0.8/10

Trip.com Group remains a dominant player in the global online travel market, particularly strong in Asia-Pacific, demonstrating sound financial health with Q4 2025 revenue of $2.20 billion and EPS of $0.71, and a low trailing P/E of 7.16. However, despite its strong market position and healthy financials, achieving 10x growth from its current $242.87 billion mega-cap valuation within 3-5 years (targeting over $2.4 trillion) is statistically improbable. The online travel industry is mature and hi...

Full TCOM Analysis

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Not Financial Advice

This comparison is for educational purposes only. We are not financial advisors. Always do your own research and consult a qualified financial advisor before making investment decisions.

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