Carnival vs Royal Caribbean Group CCL vs RCL
Carnival and Royal Caribbean Group on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Free-cash-flow yield: Carnival 7.2%, Royal Caribbean Group 1.6%.
- Price / sales: Royal Caribbean Group 4.0×, Carnival 1.3×.
- Market value: Royal Caribbean Group $75.05B, Carnival $36.12B.
- Net margin: Royal Caribbean Group 23.6%, Carnival 11.4%.
Price return
2025-10-26 → 2026-10-26
CCL−8.6%
RCL−11.3%
Profile
latestSector
Consumer Cyclical
Consumer Cyclical
Industry
Travel Services
Travel Services
Market value
$36.12B
$75.05B
Enterprise value
$60.06B
$97.69B
Employees
160,000
107,975
Revenue per employee (TTM)
$172K
$173K
Our models
nightlythe valuation on each stock's pagePrice vs model
16% undervalued vs model
131% overvalued vs model
Model range
$27.46–44.94
$69.99–243
Models in the headline
1
1
FCF growth priced in, at a 10% return
12.7%
35.8%
Every model, its assumptions and its range: CCL valuation · RCL valuation. The growth priced in, at any return: CCL reverse DCF · RCL reverse DCF.
Trading
close 2026-10-26Last close
$26.86
$280.60
52-week high
$33.99
$348.03
52-week low
$21.80
$230.30
Price vs 52-week high
−21.0%
−19.4%
Price vs 52-week low
+23.2%
+21.8%
Average daily volume / shares
1.5%
0.9%
Beta
2.38
1.82
Returns
to 2026-10-261 month
+20.7%
+15.6%
3 months
+2.0%
−4.4%
6 months
−1.1%
+5.6%
Year to date
−12.0%
+0.6%
1 year
−8.6%
−11.3%
1 year, dividends added
−7.1%
−9.6%
2 years
+28.5%
+39.7%
Valuation
CCL price × TTM to Aug 2026 · RCL price × TTM to Jun 2026P/E (TTM)
11.6×
17.3×
P/E on consensus EPS (next FY)
11.9×
15.8×
Price / sales
1.3×
4.0×
EV / sales
2.2×
5.2×
EV / EBITDA
8.2×
13.3×
Price / book
2.5×
7.3×
Price / free cash flow (FY)
13.9×
60.7×
Free-cash-flow yield (FY)
7.2%
1.6%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+4.1%
+9.1%
Revenue, 3-year CAGR
29.8%
26.6%
Revenue, 5-year CAGR
36.6%
52.0%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+11.8%
+14.0%
EPS, 3-year CAGR
—
—
Free cash flow, 3-year CAGR
—
—
Diluted shares, 3-year change
+18.8%
+7.1%
Profitability
CCL TTM to Aug 2026 · RCL TTM to Jun 2026Gross margin (FY)†
29.6%
46.8%
Operating margin
16.0%
27.3%
EBITDA margin
26.4%
39.2%
Net margin
11.4%
23.6%
Free-cash-flow margin (FY)
9.8%
6.9%
Return on equity
22.1%
43.0%
Return on assets
6.2%
9.9%
Asset turnover
0.54
0.42
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
CCL MRQ Aug 2026 · RCL MRQ Jun 2026Cash
$1.22B
$875.0M
Total debt
$25.16B
$23.52B
Net debt
$23.94B
$22.64B
Debt / equity
1.8×
2.3×
Net debt / EBITDA (TTM)
3.3×
3.1×
Interest coverage (FY)
3.3×
4.9×
Current ratio (FY)
0.32
0.18
Dividends
trailing 12 monthsDividend yield
1.7%
2.0%
Dividends per share
$0.45
$5.50
Payout ratio (of TTM EPS)
19.5%
34.0%
Dividend per share, 5-year CAGR
—
—
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
2
2
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$0
$0
Analyst upgrades
0
2
Analyst downgrades
0
0
Statements
CCL income TTM to Aug 2026 · cash flow FY2025 · RCL income TTM to Jun 2026 · cash flow FY2025Revenue
$27.59B
$18.68B
EBITDA
$7.29B
$7.32B
Operating income
$4.41B
$5.10B
Net income
$3.14B
$4.40B
EPS (diluted)
$2.31
$16.18
Operating cash flow
$6.22B
$6.46B
Capital expenditure
−$3.61B
−$5.23B
Free cash flow
$2.61B
$1.24B
Dividends paid
$0
$264.0M
Keep comparing
Carnival against
Royal Caribbean Group against
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.