Side by sideMeituan (3690.HK) and Trip.com (9961.HK)Memos of October 15, 2026 and October 17, 2026
Meituan vs Trip.com stock: the numbers side by side (October 2026)
How do Meituan and Trip.com compare?
| Meituan 3690.HK | Trip.com 9961.HK | |
|---|---|---|
| Revenue growth | 8.1%2025 | 17.1%2025 |
| Operating margin | -6.9%2025 | 25.3%2025 |
| Free cash flow | -31,701.735RMB millions · 2025 | 13,582RMB millions · 2025 |
| Free cash flow yield | -8.0%Today (Oct 15, 2026) | 8.0%Today (Oct 17, 2026) |
| Dividend yield | 0.0%Today (Oct 15, 2026) | 0.7%Today (Oct 17, 2026) |
| P/E, last 12 months | not meaningfulToday (Oct 15, 2026) | 7.8xToday (Oct 17, 2026) |
| P/E, next 12 months | 16.9xToday (Oct 15, 2026) | 11.4xToday (Oct 17, 2026) |
| Weighted price forecast, about 1 year | 86.09 (+14 %)October 2027 | 330.34 (+5 %)October 2027 |
| Weighted price forecast, about 3 years | 106.34 (+41 %)October 2029 | 422.75 (+36 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Trip.com | The higher figure |
| Operating margin | Trip.com | The higher figure |
| Free cash flow | Trip.com | The higher figure |
| Free cash flow yield | Trip.com | The higher figure |
| Dividend yield | Trip.com | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | Trip.com | The lower figure |
| Weighted price forecast, about 1 year | Meituan | The higher weighted return |
| Weighted price forecast, about 3 years | Meituan | The higher weighted return |
What does each company do?
Meituan connects consumers with nearby restaurants, shops and local services.
Meituan (3690.HK), from our memo of October 15, 2026 · Meituan stock forecast
Trip.com Group runs online travel agencies (OTAs: websites and apps where travelers compare and book trips) through Ctrip, Qunar and Trip.com.
Trip.com (9961.HK), from our memo of October 17, 2026 · Trip.com stock forecast
More on Meituan
More on Trip.com
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