Trip.com Group Limited
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus… Read more
Trip.com Group Limited (TRPCF) - Net Assets
Latest net assets as of December 2025: $172.69 Billion USD
Based on the latest financial reports, Trip.com Group Limited (TRPCF) has net assets worth $172.69 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($267.52 Billion) and total liabilities ($94.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $172.69 Billion |
| % of Total Assets | 64.55% |
| Annual Growth Rate | 45.76% |
| 5-Year Change | 56.34% |
| 10-Year Change | 128.66% |
| Growth Volatility | 113.12 |
Trip.com Group Limited - Net Assets Trend (2000–2025)
This chart illustrates how Trip.com Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trip.com Group Limited (2000–2025)
The table below shows the annual net assets of Trip.com Group Limited from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $172.69 Billion | +20.35% |
| 2024-12-31 | $143.48 Billion | +16.65% |
| 2023-12-31 | $123.01 Billion | +8.84% |
| 2022-12-31 | $113.02 Billion | +2.32% |
| 2021-12-31 | $110.46 Billion | +8.75% |
| 2020-12-31 | $101.57 Billion | -3.91% |
| 2019-12-31 | $105.70 Billion | +19.12% |
| 2018-12-31 | $88.73 Billion | +2.61% |
| 2017-12-31 | $86.47 Billion | +14.50% |
| 2016-12-31 | $75.52 Billion | +18.58% |
| 2015-12-31 | $63.68 Billion | +513.67% |
| 2014-12-31 | $10.38 Billion | +18.87% |
| 2013-12-31 | $8.73 Billion | +32.58% |
| 2012-12-31 | $6.58 Billion | -7.84% |
| 2011-12-31 | $7.15 Billion | +15.43% |
| 2010-12-31 | $6.19 Billion | +107.25% |
| 2009-12-31 | $2.99 Billion | +54.45% |
| 2008-12-31 | $1.93 Billion | +33.05% |
| 2007-12-31 | $1.45 Billion | +41.45% |
| 2006-12-31 | $1.03 Billion | +34.16% |
| 2005-12-31 | $765.90 Million | +27.23% |
| 2004-12-31 | $601.97 Million | +22.01% |
| 2003-12-31 | $493.37 Million | +1309.07% |
| 2002-12-31 | $-40.81 Million | -226.27% |
| 2001-12-31 | $-12.51 Million | -189.34% |
| 2000-12-31 | $14.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trip.com Group Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $171.04 Billion | 100.00% |
| Total Equity | $171.04 Billion | 100.00% |
Trip.com Group Limited Competitors by Market Cap
The table below lists competitors of Trip.com Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deutsche Post AG
PINK:DPSTF
|
$37.72 Billion |
|
Alcon AG
NYSE:ALC
|
$37.82 Billion |
|
Delta Air Lines Inc
NYSE:DAL
|
$37.84 Billion |
|
Kongsberg Gruppen ASA
PINK:NSKFF
|
$37.87 Billion |
|
PayPal Holdings Inc
NASDAQ:PYPL
|
$37.70 Billion |
|
WEC Energy Group Inc
NYSE:WEC
|
$37.69 Billion |
|
Experian plc PK
OTCQX:EXPGY
|
$37.67 Billion |
|
Fomento Economico Mexicano
NYSE:FMX
|
$37.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trip.com Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 142,550,000,000 to 171,035,349,000, a change of 28,485,349,000 (20.0%).
- Net income of 32,434,820,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,263,000,000.
- Other factors decreased equity by 2,686,471,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $32.43 Billion | +18.96% |
| Other Comprehensive Income | $-1.26 Billion | -0.74% |
| Other Changes | $-2.69 Billion | -1.57% |
| Total Change | $- | 19.98% |
Book Value vs Market Value Analysis
This analysis compares Trip.com Group Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 312.94x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $0.20 | $63.40 | x |
| 2001-12-31 | $-0.17 | $63.40 | x |
| 2002-12-31 | $-0.27 | $63.40 | x |
| 2003-12-31 | $5.00 | $63.40 | x |
| 2004-12-31 | $2.39 | $63.40 | x |
| 2005-12-31 | $2.95 | $63.40 | x |
| 2006-12-31 | $3.86 | $63.40 | x |
| 2007-12-31 | $5.32 | $63.40 | x |
| 2008-12-31 | $7.01 | $63.40 | x |
| 2009-12-31 | $10.37 | $63.40 | x |
| 2010-12-31 | $20.30 | $63.40 | x |
| 2011-12-31 | $23.15 | $63.40 | x |
| 2012-12-31 | $22.48 | $63.40 | x |
| 2013-12-31 | $28.01 | $63.40 | x |
| 2014-12-31 | $31.18 | $63.40 | x |
| 2015-12-31 | $117.55 | $63.40 | x |
| 2016-12-31 | $151.13 | $63.40 | x |
| 2017-12-31 | $147.50 | $63.40 | x |
| 2018-12-31 | $152.83 | $63.40 | x |
| 2019-12-31 | $161.14 | $63.40 | x |
| 2020-12-31 | $167.01 | $63.40 | x |
| 2021-12-31 | $172.96 | $63.40 | x |
| 2022-12-31 | $177.07 | $63.40 | x |
| 2023-12-31 | $182.08 | $63.40 | x |
| 2024-12-31 | $206.98 | $63.40 | x |
| 2025-12-31 | $244.90 | $63.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trip.com Group Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.35%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.56x
- Recent ROE (18.96%) is above the historical average (3.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -171.26% | -371.56% | 0.05x | 8.42x | $-25.38 Million |
| 2001 | 0.00% | -34.70% | 0.40x | 0.00x | $-14.01 Million |
| 2002 | 0.00% | 14.19% | 1.03x | 0.00x | $18.36 Million |
| 2003 | 10.92% | 31.08% | 0.31x | 1.13x | $4.54 Million |
| 2004 | 22.14% | 39.88% | 0.45x | 1.23x | $72.99 Million |
| 2005 | 29.32% | 43.02% | 0.50x | 1.35x | $147.83 Million |
| 2006 | 23.41% | 28.84% | 0.57x | 1.41x | $137.68 Million |
| 2007 | 27.47% | 30.94% | 0.61x | 1.47x | $253.68 Million |
| 2008 | 23.00% | 29.97% | 0.58x | 1.33x | $251.00 Million |
| 2009 | 22.53% | 33.15% | 0.48x | 1.42x | $366.47 Million |
| 2010 | 17.17% | 36.38% | 0.35x | 1.33x | $437.70 Million |
| 2011 | 15.29% | 30.77% | 0.36x | 1.39x | $372.19 Million |
| 2012 | 11.01% | 17.18% | 0.36x | 1.80x | $65.44 Million |
| 2013 | 11.70% | 18.53% | 0.26x | 2.44x | $145.28 Million |
| 2014 | 2.55% | 3.30% | 0.23x | 3.28x | $-710.18 Million |
| 2015 | 5.63% | 23.01% | 0.09x | 2.67x | $-1.95 Billion |
| 2016 | -2.00% | -7.44% | 0.13x | 2.02x | $-8.58 Billion |
| 2017 | 2.53% | 8.00% | 0.17x | 1.91x | $-6.33 Billion |
| 2018 | 1.28% | 3.59% | 0.17x | 2.14x | $-7.56 Billion |
| 2019 | 6.78% | 19.66% | 0.18x | 1.94x | $-3.33 Billion |
| 2020 | -3.24% | -17.73% | 0.10x | 1.87x | $-13.28 Billion |
| 2021 | -0.50% | -2.75% | 0.10x | 1.75x | $-11.52 Billion |
| 2022 | 1.25% | 7.00% | 0.10x | 1.71x | $-9.83 Billion |
| 2023 | 8.12% | 22.28% | 0.20x | 1.79x | $-2.30 Billion |
| 2024 | 11.97% | 32.02% | 0.22x | 1.70x | $2.81 Billion |
| 2025 | 18.96% | 53.35% | 0.23x | 1.56x | $15.33 Billion |
Industry Comparison
This section compares Trip.com Group Limited's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,526,974,464
- Average return on equity (ROE) among peers: -30.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trip.com Group Limited (TRPCF) | $172.69 Billion | -171.26% | 0.55x | $37.72 Billion |
| Airbnb Inc (ABNB) | $-517.31 Million | 0.00% | 0.00x | $53.81 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $4.00 Million | 32.27% | 1.02x | $9.98 Million |
| Booking Holdings Inc (BKNG) | $402.60 Million | -262.07% | 0.10x | $140.30 Billion |
| Carnival Corporation (CCL) | $13.79 Billion | 8.61% | 0.78x | $32.20 Billion |
| Consolidated Capital of North America Inc (CDNO) | $93.27K | 0.00% | 0.02x | $8.78 |
| Carnival Plc ADS (CUK) | $207.80 Million | 47.02% | 1.54x | $32.14 Billion |
| Carnival Corporation & plc (CUKPF) | $893.20 Million | 21.67% | 1.49x | $18.29 Billion |
| Despegar.com Corp (DESP) | $92.85 Million | -151.47% | 8.10x | $1.36 Billion |
| Jet2 plc (DRTGF) | $157.20 Million | 20.87% | 5.37x | $2.31 Billion |
| eDreams ODIGEO S.A (EDDRF) | $236.30 Million | -18.34% | 3.54x | $429.02 Million |