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Expedia vs Hafnia: revenue, profit, margins and growth compared

Expedia brought in $14.7B of revenue in fiscal 2025, Hafnia $2.9B in fiscal 2024. Revenue changed by +7.6% at Expedia and +7.4% at Hafnia on the year before, so Expedia grew faster. Expedia kept 8.8% of its revenue as net profit, Hafnia 27.0%. Free cash flow was $3.1B at Expedia and $980.8M at Hafnia.

Side by side, latest fiscal year

EXPEHAFN
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$14.7B$2.9B
Revenue growth+7.6%+7.4%
Net income$1.3B$774M
Net margin8.8%27.0%
Free cash flow$3.1B$980.8M
Free cash flow margin21.1%34.2%
Earnings per share (diluted)$9.81$1.50
Cash$5.4B$283.6M
Debt$6.2B$1.1B
Price to earnings26.9n/a
Market value$30.2B$4.5B
Dividend yield0.61%n/a
Rank by revenue in sector#90 of 778 · Consumer discretionary#297 of 778 · Consumer discretionary

Over the years

Revenue
EXPE FY2018: $11.2BEXPE FY2019: $12.1BEXPE FY2020: $5.2BEXPE FY2021: $8.6BEXPE FY2022: $11.7BEXPE FY2023: $12.8BEXPE FY2024: $13.7BEXPE FY2025: $14.7BHAFN FY2022: $1.9BHAFN FY2024: $2.7BHAFN FY2024: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
EXPE $14.7BHAFN $2.9B
Net income
EXPE FY2018: $406MEXPE FY2019: $565MEXPE FY2020: -$2.6BEXPE FY2021: $12MEXPE FY2022: $352MEXPE FY2023: $797MEXPE FY2024: $1.2BEXPE FY2025: $1.3BHAFN FY2022: $751.6MHAFN FY2024: $793.3MHAFN FY2024: $774MFY18FY19FY20FY21FY22FY23FY24FY25
EXPE $1.3BHAFN $774M
Net margin
EXPE FY2018: 3.6%EXPE FY2019: 4.7%EXPE FY2020: -50.2%EXPE FY2021: 0.1%EXPE FY2022: 3.0%EXPE FY2023: 6.2%EXPE FY2024: 9.0%EXPE FY2025: 8.8%HAFN FY2022: 39.0%HAFN FY2024: 29.7%HAFN FY2024: 27.0%FY18FY19FY20FY21FY22FY23FY24FY25
EXPE 8.8%HAFN 27.0%
Revenue growth
EXPE FY2019: +7.5%EXPE FY2020: -56.9%EXPE FY2021: +65.4%EXPE FY2022: +35.7%EXPE FY2023: +10.0%EXPE FY2024: +6.6%EXPE FY2025: +7.6%HAFN FY2024: +38.7%HAFN FY2024: +7.4%FY19FY20FY21FY22FY23FY24FY25
EXPE +7.6%HAFN +7.4%
Free cash flow
EXPE FY2018: $1.1BEXPE FY2019: $1.6BEXPE FY2020: -$4.6BEXPE FY2021: $3.1BEXPE FY2022: $2.8BEXPE FY2023: $1.8BEXPE FY2024: $2.3BEXPE FY2025: $3.1BHAFN FY2022: $323.8MHAFN FY2024: $876.4MHAFN FY2024: $980.8MFY18FY19FY20FY21FY22FY23FY24FY25
EXPE $3.1BHAFN $980.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Expedia and Hafnia

Which is bigger by revenue, Expedia or Hafnia?

Expedia is bigger by revenue: $14.7B in fiscal 2025, against $2.9B for Hafnia in fiscal 2024.

Which keeps more of its revenue as profit, Expedia or Hafnia?

Expedia had a net margin of 8.8% in fiscal 2025; Hafnia had 27.0% in fiscal 2024.

Which grew revenue faster, Expedia or Hafnia?

In their latest fiscal years revenue changed by +7.6% at Expedia and +7.4% at Hafnia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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