The Cheesecake Factory Incorporated (CAKE) vs Norwegian Cruise Line Holdings Ltd. (NCLH)
A side-by-side comparison of The Cheesecake Factory Incorporated and Norwegian Cruise Line Holdings Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
CAKE
The Cheesecake Factory Incorporated
$104.49Consumer CyclicalDelayed quote: Sep 25, 2026, 4:00 PM EDT
NCLH
Norwegian Cruise Line Holdings Ltd.
$14.61Consumer CyclicalDelayed quote: Sep 25, 2026, 4:00 PM EDT
Total return — CAKE vs NCLH
growth of $100 · dividends reinvested · last 10yCAKE +145.8% (+9.4%/yr)NCLH -58.8% (-8.5%/yr)CAKE compounded faster over this window
Log scale — wide-divergence pair
CAKE NCLH
CAKE vs NCLH: by the numbers
- •NCLH is the larger company ($6.71B vs $5.19B market cap).
- •NCLH trades at the lower trailing earnings multiple (9.13 vs 28.32 P/E), one valuation lens rather than an overall verdict.
- •NCLH converts more revenue to profit (7.49% vs 4.61% net margin).
- •NCLH grew revenue faster over the past five years (236.47% vs 9.45% CAGR).
- •CAKE pays a dividend (1.14% yield), while NCLH has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | CAKE | NCLH |
|---|---|---|
| P/E ratio | 28.32 | 9.13 |
| Forward P/E | 23.29 | 9.44 |
| P/S ratio | 1.34 | 0.66 |
| P/B ratio | 10.00 | 2.61 |
| EV / EBITDA | 22.30 | 8.25 |
| FCF yield | 3.97% | N/A |
Profitability
| Metric | CAKE | NCLH |
|---|---|---|
| Gross margin | 78.33% | 31.97% |
| Operating margin | 5.27% | 15.09% |
| Net margin | 4.61% | 7.49% |
| ROE | 34.42% | 29.57% |
| ROIC | 7.19% | 8.01% |
Dividends
| Metric | CAKE | NCLH |
|---|---|---|
| Dividend yield | 1.14% | N/A |
| Payout ratio | 31.71% | N/A |
Growth (annualized)
| Metric | CAKE | NCLH |
|---|---|---|
| Revenue CAGR (5Y) | 9.45% | 236.47% |
| EPS CAGR (5Y) | 1.50% | N/A |
| FCF CAGR (5Y) | 12.09% | 35.22% |
| Total return CAGR (5Y) | 21.03% | -9.63% |
Frequently asked
- Which has the lower trailing P/E, CAKE or NCLH?
- NCLH has the lower trailing P/E: CAKE trades at 28.32 and NCLH at 9.13. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CAKE or NCLH?
- Over the past five years, NCLH grew revenue faster — CAKE at a 9.45% CAGR versus NCLH at 236.47%.
- Does CAKE or NCLH pay a bigger dividend?
- CAKE pays a dividend (1.14% yield), while NCLH has no payments in the available dividend history.
- Is CAKE or NCLH more profitable?
- NCLH runs the higher net margin — CAKE at 4.61% versus NCLH at 7.49%.
- How have CAKE and NCLH total returns compared?
- Over the past 10 years, CAKE delivered 9.77% and NCLH delivered -8.10% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Cheesecake Factory P/E ratioNorwegian Cruise Line P/E ratioCheesecake Factory dividend yieldCheesecake Factory ROENorwegian Cruise Line ROECheesecake Factory operating marginNorwegian Cruise Line operating marginCheesecake Factory revenue growthNorwegian Cruise Line revenue growthCheesecake Factory free cash flowNorwegian Cruise Line free cash flow
Cheesecake Factory & Norwegian Cruise Line appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.