Carnival vs Royal Caribbean Cruises
CCL and RCL side by side, both in water transportation. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How CCL and RCL compare
Royal Caribbean Cruises is the larger company, worth 2.1 times as much as Carnival ($82.2B against $38.8B).
On earnings, Carnival is cheaper: it trades at 12.6× trailing earnings, against 19.0× for Royal Caribbean Cruises.
Royal Caribbean Cruises grew revenue faster over the last twelve months (8.7% versus 5.2% for Carnival).
Royal Caribbean Cruises keeps more of each dollar of sales as profit, with a net margin of 23.5% compared with 11.4% at Carnival.
Both pay dividends: Carnival yields 1.6% and Royal Caribbean Cruises 1.8%.
Carnival scores higher on the StockData Score (12 against 11 for Royal Caribbean Cruises), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | CCL | RCL |
|---|---|---|
| Size and price | ||
| Market cap | $38.8B | $82.2B |
| Share price | $28.83 | $307.18 |
| Change, 1 year | 3.4% | 9.7% |
| Change, 5 years | 16.3% | 218% |
| Beta (5Y) | 1.96 | 1.64 |
| Employees | 160K | 108K |
| StockData Score | ||
| Total score | 12 (better) | 11 |
| Valuation score | 4 (better) | 1 |
| Growth score | 3 | 3 |
| Performance score | 3 | 4 (better) |
| Health score | 1 | 1 |
| Dividend score | 1 | 2 (better) |
| Valuation | ||
| P/E | 12.6× (better) | 19.0× |
| P/S | 1.4× (better) | 4.4× |
| P/B | 2.7× (better) | 8.0× |
| EV/EBITDA | 8.4× (better) | 15.1× |
| P/FCF | 12.2× | – |
| FCF yield | 8.2% (better) | −0.51% |
| Fair value | $30.07 | $227.70 |
| Margin of safety | 4.1% (better) | −34.9% |
| Growth | ||
| Revenue growth (TTM) | 5.2% | 8.7% (better) |
| Revenue growth, 5Y average | 36.6% | 52.0% (better) |
| Net income growth (TTM) | 18.7% | 22.1% (better) |
| EPS growth (TTM) | 19.3% | 21.6% (better) |
| Profitability | ||
| Gross margin | – | 49.1% |
| Operating margin | 16.0% | 27.3% (better) |
| Net margin | 11.4% | 23.5% (better) |
| FCF margin | 11.5% (better) | −2.2% |
| Return on equity | 24.0% | 45.3% (better) |
| Return on invested capital | 11.9% | 13.5% (better) |
| Financial health | ||
| Debt / equity | 1.69 (better) | 2.23 |
| Net debt / EBITDA | 3.10 (better) | 3.17 |
| Interest coverage | 3.8× | 5.0× (better) |
| Current ratio | 0.27 (better) | 0.21 |
| Altman Z-score | 1.43 | 2.22 (better) |
| Piotroski F-score | 7 | 9 (better) |
| Dividends and buybacks | ||
| Dividend yield | 1.6% | 1.8% (better) |
| Payout ratio | – | 26.1% |
| Years of dividend growth | – | 2 |
| Dividend growth, 5Y average | – | 35.0% |
| Buyback yield | – | 2.4% |
| Shareholder yield | 1.6% | 4.2% (better) |
| Ownership | ||
| Held by institutions | 71.5% | 88.8% |
| Held by insiders | 7.3% | 6.6% |
| Insider net buying, 12 months | −$13.5M (better) | −$631M |
| Superinvestors holding | 1 | – |
| Short interest, % of float | 3.3% | 4.5% |
Go deeper
- CCL stock overview
- CCL income statement
- CCL valuation and score
- RCL stock overview
- RCL income statement
- RCL valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.