Stocks Comparison
Matson vs Norwegian Cruise Line: revenue, profit, margins and growth compared
Matson brought in $3.3B of revenue in fiscal 2025, Norwegian Cruise Line $9.8B in fiscal 2025. Revenue changed by -2.3% at Matson and +3.7% at Norwegian Cruise Line on the year before, so Norwegian Cruise Line grew faster. Matson kept 13.3% of its revenue as net profit, Norwegian Cruise Line 4.3%. Free cash flow was $153.7M at Matson and -$1.2B at Norwegian Cruise Line.
Side by side, latest fiscal year
| MATX | NCLH | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $3.3B | $9.8B |
| Revenue growth | -2.3% | +3.7% |
| Net income | $444.8M | $423.2M |
| Net margin | 13.3% | 4.3% |
| Free cash flow | $153.7M | -$1.2B |
| Free cash flow margin | 4.6% | -11.9% |
| Earnings per share (diluted) | $13.81 | $0.92 |
| Cash | $141.9M | $209.9M |
| Debt | $361.2M | $14.6B |
| Price to earnings | 16.3 | 15.9 |
| Market value | $6.7B | $6.7B |
| Dividend yield | 0.62% | n/a |
| Rank by revenue in sector | #272 of 778 · Consumer discretionary | #122 of 778 · Consumer discretionary |
Over the years
Questions about Matson and Norwegian Cruise Line
Which is bigger by revenue, Matson or Norwegian Cruise Line?
Norwegian Cruise Line is bigger by revenue: $9.8B in fiscal 2025, against $3.3B for Matson in fiscal 2025.
Which keeps more of its revenue as profit, Matson or Norwegian Cruise Line?
Matson had a net margin of 13.3% in fiscal 2025; Norwegian Cruise Line had 4.3% in fiscal 2025.
Which grew revenue faster, Matson or Norwegian Cruise Line?
In their latest fiscal years revenue changed by -2.3% at Matson and +3.7% at Norwegian Cruise Line.
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.