Trip Group Financials

TRPCF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Trip Group (TRPCF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 67/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Trip Group has an operating margin of 26.6%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is up from 25.4% the prior year.

Growth

Trip Group's revenue surged 16.5% year-over-year to $7.3B, reflecting rapid business expansion. This strong growth earns a score of 61/100.

Leverage

Trip Group carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Trip Group's current ratio of 1.51 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.

Cash Flow

100

Trip Group converts 35.8% of revenue into free cash flow ($2.6B). This strong cash generation earns a score of 100/100.

Returns

Trip Group's ROE of 12.0% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 8.1% the prior year.

Piotroski F-Score Strong

7/9

Trip Group passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.15x

For every $1 of reported earnings, Trip Group generates $1.15 in operating cash flow ($2.7B OCF vs $2.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

8.2x

Trip Group earns $8.2 in operating income for every $1 of interest expense ($1.9B vs $238.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.3B

YoY+16.5%

5Y CAGR+7.3%

10Y CAGR+19.3%

Trip Group generated $7.3B in revenue in fiscal year 2024. This represents an increase of 16.5% from the prior year.

EBITDA

$2.0B

YoY+20.8%

5Y CAGR+20.0%

10Y CAGR+87.9%

Trip Group's EBITDA was $2.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.8% from the prior year.

Net Income

$2.3B

YoY+67.4%

5Y CAGR+18.4%

10Y CAGR+50.5%

Trip Group reported $2.3B in net income in fiscal year 2024. This represents an increase of 67.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$2.6B

YoY-13.3%

5Y CAGR+22.7%

Trip Group generated $2.6B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 13.3% from the prior year.

Cash & Debt

$6.6B

YoY+13.3%

5Y CAGR+18.3%

10Y CAGR+23.3%

Trip Group held $6.6B in cash against $2.8B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

653M

YoY+1.4%

Trip Group had 653M shares outstanding in fiscal year 2024. This represents an increase of 1.4% from the prior year.

Margins & Returns

Gross Margin

81.3%

YoY-0.5pp

5Y CAGR+1.9pp

10Y CAGR+13.8pp

Trip Group's gross margin was 81.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.

Operating Margin

26.6%

YoY+1.2pp

5Y CAGR+12.5pp

10Y CAGR+28.5pp

Trip Group's operating margin was 26.6% in fiscal year 2024, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin

32.0%

YoY+9.7pp

5Y CAGR+12.4pp

10Y CAGR+28.9pp

Trip Group's net profit margin was 32.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.7 percentage points from the prior year.

Return on Equity

12.0%

YoY+3.9pp

5Y CAGR+5.3pp

10Y CAGR+9.5pp

Trip Group's ROE was 12.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.9 percentage points from the prior year.

Capital Allocation

R&D Spending

$1.8B

YoY+5.4%

5Y CAGR+3.3%

10Y CAGR+17.0%

Trip Group invested $1.8B in research and development in fiscal year 2024. This represents an increase of 5.4% from the prior year.

Share Buybacks

$298.0M

YoY+30.7%

10Y CAGR+15.3%

Trip Group spent $298.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 30.7% from the prior year.

Capital Expenditures

$81.0M

YoY-4.7%

5Y CAGR-7.2%

10Y CAGR-20.2%

Trip Group invested $81.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 4.7% from the prior year.

TRPCF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$7.3B+16.5%	$6.3B+115.7%	$2.9B-7.5%	$3.1B+11.9%	$2.8B-45.2%	$5.1B
Cost of Revenue	$1.4B+19.6%	$1.1B+74.9%	$654.0M-9.3%	$721.0M+16.7%	$618.0M-41.6%	$1.1B
Gross Profit	$5.9B+15.8%	$5.1B+127.5%	$2.3B-6.9%	$2.4B+10.6%	$2.2B-46.1%	$4.1B
R&D Expenses	$1.8B+5.4%	$1.7B+41.2%	$1.2B-14.3%	$1.4B+20.1%	$1.2B-23.4%	$1.5B
SG&A Expenses	$560.0M+6.3%	$527.0M+27.6%	$413.0M-10.0%	$459.0M-17.6%	$557.0M+18.0%	$472.0M
Operating Income	$1.9B+21.8%	$1.6B+10533.3%	$15.0M+106.8%	-$221.0M-1.4%	-$218.0M-130.2%	$723.0M
Interest Expense	$238.0M-18.2%	$291.0M+32.9%	$219.0M-11.0%	$246.0M-6.5%	$263.0M+9.1%	$241.0M
Income Tax	$357.0M+45.1%	$246.0M+148.5%	$99.0M+135.7%	$42.0M-22.2%	$54.0M-78.4%	$250.0M
Net Income	$2.3B+67.4%	$1.4B+578.2%	$206.0M+339.5%	-$86.0M+82.7%	-$497.0M-149.4%	$1.0B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TRPCF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$33.2B+7.7%	$30.9B+11.1%	$27.8B-7.7%	$30.1B+4.9%	$28.7B-0.2%	$28.8B
Current Assets	$15.4B+22.9%	$12.5B+40.3%	$8.9B-14.1%	$10.4B+16.7%	$8.9B-8.9%	$9.8B
Cash & Equivalents	$6.6B+13.3%	$5.9B+137.6%	$2.5B-20.7%	$3.1B+12.2%	$2.8B-3.1%	$2.9B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.7B+6.2%	$1.6B+102.1%	$795.0M+9.1%	$729.0M+15.5%	$631.0M-42.6%	$1.1B
Goodwill	$8.3B-0.2%	$8.4B-2.8%	$8.6B-7.6%	$9.3B+2.4%	$9.1B+8.6%	$8.4B
Total Liabilities	$13.6B+0.3%	$13.5B+18.7%	$11.4B-10.7%	$12.8B-2.7%	$13.1B-2.0%	$13.4B
Current Liabilities	$10.1B-0.6%	$10.2B+14.9%	$8.9B-14.6%	$10.4B+16.2%	$8.9B-10.0%	$9.9B
Long-Term Debt	$2.8B+2.5%	$2.7B+40.8%	$1.9B+9.8%	$1.7B-50.0%	$3.5B+24.1%	$2.8B
Total Equity	$19.4B+12.9%	$17.2B+5.7%	$16.3B-5.4%	$17.2B+11.9%	$15.4B+3.5%	$14.9B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$33.2B+7.7%	$30.9B+11.1%	$27.8B-7.7%	$30.1B+4.9%	$28.7B-0.2%	$28.8B+6.4%	$27.0B+8.5%	$24.9B
Current Assets	$15.4B+22.9%	$12.5B+40.3%	$8.9B-14.1%	$10.4B+16.7%	$8.9B-8.9%	$9.8B-15.5%	$11.5B+26.8%	$9.1B
Cash & Equivalents	$6.6B+13.3%	$5.9B+137.6%	$2.5B-20.7%	$3.1B+12.2%	$2.8B-3.1%	$2.9B-8.6%	$3.1B+11.7%	$2.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.7B+6.2%	$1.6B+102.1%	$795.0M+9.1%	$729.0M+15.5%	$631.0M-42.6%	$1.1B+33.5%	$824.0M+17.6%	$700.7M
Goodwill	$8.3B-0.2%	$8.4B-2.8%	$8.6B-7.6%	$9.3B+2.4%	$9.1B+8.6%	$8.4B-0.8%	$8.4B-2.4%	$8.6B
Total Liabilities	$13.6B+0.3%	$13.5B+18.7%	$11.4B-10.7%	$12.8B-2.7%	$13.1B-2.0%	$13.4B-5.1%	$14.1B+21.6%	$11.6B
Current Liabilities	$10.1B-0.6%	$10.2B+14.9%	$8.9B-14.6%	$10.4B+16.2%	$8.9B-10.0%	$9.9B-0.7%	$10.0B+54.4%	$6.5B
Long-Term Debt	$2.8B+2.5%	$2.7B+40.8%	$1.9B+9.8%	$1.7B-50.0%	$3.5B+24.1%	$2.8B-20.1%	$3.5B-21.8%	$4.5B
Total Equity	$19.4B+12.9%	$17.2B+5.7%	$16.3B-5.4%	$17.2B+11.9%	$15.4B+3.5%	$14.9B+17.8%	$12.6B-3.1%	$13.0B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TRPCF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.7B-13.1%	$3.1B+715.3%	$380.0M-2.1%	$388.0M+166.0%	-$588.0M-155.7%	$1.1B
Capital Expenditures	$81.0M-4.7%	$85.0M+18.1%	$72.0M-19.1%	$89.0M+9.9%	$81.0M-31.4%	$118.0M
Free Cash Flow	$2.6B-13.3%	$3.0B+878.2%	$308.0M+3.0%	$299.0M+144.7%	-$669.0M-171.4%	$937.0M
Investing Cash Flow	-$828.0M-199.2%	$835.0M+409.1%	$164.0M+125.2%	-$651.0M-11.5%	-$584.0M-68.3%	-$347.0M
Financing Cash Flow	-$921.0M-155.8%	-$360.0M+63.1%	-$975.0M-258.5%	$615.0M-33.4%	$923.0M+169.4%	-$1.3B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$298.0M+30.7%	$228.0M	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TRPCF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	81.3%-0.5pp	81.8%+4.2pp	77.5%+0.5pp	77.0%-0.9pp	78.0%-1.3pp	79.3%
Operating Margin	26.6%+1.2pp	25.4%+24.9pp	0.5%+7.5pp	-7.0%+0.7pp	-7.8%-21.9pp	14.1%
Net Margin	32.0%+9.7pp	22.3%+15.2pp	7.1%+9.8pp	-2.7%+15.0pp	-17.7%-37.4pp	19.6%
Return on Equity	12.0%+3.9pp	8.1%+6.8pp	1.3%+1.8pp	-0.5%+2.7pp	-3.2%-10.0pp	6.8%
Return on Assets	7.0%+2.5pp	4.5%+3.8pp	0.7%+1.0pp	-0.3%+1.4pp	-1.7%-5.2pp	3.5%
Current Ratio	1.51+0.3	1.23+0.2	1.000.0	1.000.0	0.99+0.0	0.98
Debt-to-Equity	0.14-0.0	0.16+0.0	0.12+0.0	0.10-0.1	0.23+0.0	0.19
FCF Margin	35.8%-12.3pp	48.1%+37.5pp	10.6%+1.1pp	9.5%+33.4pp	-23.8%-42.1pp	18.3%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.51+0.3	1.23+0.2	1.000.0	1.000.0	0.99+0.0	0.98-0.2	1.15-0.3	1.40
Debt-to-Equity	0.14-0.0	0.16+0.0	0.12+0.0	0.10-0.1	0.23+0.0	0.19-0.1	0.28-0.1	0.34
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Trip Group's annual revenue?

Trip Group (TRPCF) reported $7.3B in total revenue for fiscal year 2024. This represents a 16.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Trip Group's revenue growing?

Trip Group (TRPCF) revenue grew by 16.5% year-over-year, from $6.3B to $7.3B in fiscal year 2024.

Is Trip Group profitable?

Yes, Trip Group (TRPCF) reported a net income of $2.3B in fiscal year 2024, with a net profit margin of 32.0%.

What is Trip Group's EBITDA?

Trip Group (TRPCF) had EBITDA of $2.0B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Trip Group have?

As of fiscal year 2024, Trip Group (TRPCF) had $6.6B in cash and equivalents against $2.8B in long-term debt.

What is Trip Group's gross margin?

Trip Group (TRPCF) had a gross margin of 81.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Trip Group's operating margin?

Trip Group (TRPCF) had an operating margin of 26.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Trip Group's net profit margin?

Trip Group (TRPCF) had a net profit margin of 32.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Trip Group's return on equity (ROE)?

Trip Group (TRPCF) has a return on equity of 12.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Trip Group's free cash flow?

Trip Group (TRPCF) generated $2.6B in free cash flow during fiscal year 2024. This represents a -13.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Trip Group's operating cash flow?

Trip Group (TRPCF) generated $2.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Trip Group's total assets?

Trip Group (TRPCF) had $33.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Trip Group's capital expenditures?

Trip Group (TRPCF) invested $81.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Trip Group spend on research and development?

Trip Group (TRPCF) invested $1.8B in research and development during fiscal year 2024.

Does Trip Group buy back shares?

Yes, Trip Group (TRPCF) spent $298.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Trip Group have outstanding?

Trip Group (TRPCF) had 653M shares outstanding as of fiscal year 2024.

What is Trip Group's current ratio?

Trip Group (TRPCF) had a current ratio of 1.51 as of fiscal year 2024, which is generally considered healthy.

What is Trip Group's debt-to-equity ratio?

Trip Group (TRPCF) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trip Group's return on assets (ROA)?

Trip Group (TRPCF) had a return on assets of 7.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Trip Group's Piotroski F-Score?

Trip Group (TRPCF) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Trip Group's earnings high quality?

Trip Group (TRPCF) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Trip Group cover its interest payments?

Trip Group (TRPCF) has an interest coverage ratio of 8.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Trip Group?

Trip Group (TRPCF) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.