Carnival Corporation (CCL) vs Royal Caribbean Cruises Ltd. (RCL)
Carnival Corporation and Royal Caribbean Cruises Ltd. are both Travel Services companies. Royal Caribbean Cruises Ltd. is the larger, with a market value of $64.9B against $30.1B — 2.2× the size. Carnival Corporation trades at the lower P/E: 9.6× against 14.9×. Royal Caribbean Cruises Ltd. grew revenue faster over the last twelve months: 8.72% against 5.16%. Royal Caribbean Cruises Ltd. has the higher net margin (23.5% vs 11.2%) and the higher return on invested capital (9.84% vs 7.83%). Across the 20 metrics below, Carnival Corporation leads on 10 and Royal Caribbean Cruises Ltd. on 10.
Valuation
Profitability
| Metric | CCL | RCL | Travel Services median |
|---|---|---|---|
| Gross margin | 39.74% | 49.06% | 67.64% |
| Operating margin | 16.35% | 27.32% | 15.06% |
| Net margin | 11.23% | 23.54% | 6.64% |
| Free cash flow margin | 11.77% | (2.23%) | 3.21% |
| Return on equity | 26.69% | 44.37% | 7.53% |
| Return on assets | 5.93% | 10.57% | 3.40% |
| Return on invested capital | 7.83% | 9.84% | 4.65% |
Growth
Health
Dividend
Size
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