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.

Compare

Total return — CAKE vs NCLH

growth of $100 · dividends reinvested · last 10y
CAKE +145.8% (+9.4%/yr)NCLH -58.8% (-8.5%/yr)CAKE compounded faster over this window
Log scale — wide-divergence pair
101001kStart $10020182020202220242026$246$41
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

MetricCAKENCLH
P/E ratio28.329.13
Forward P/E23.299.44
P/S ratio1.340.66
P/B ratio10.002.61
EV / EBITDA22.308.25
FCF yield3.97%N/A

Profitability

MetricCAKENCLH
Gross margin78.33%31.97%
Operating margin5.27%15.09%
Net margin4.61%7.49%
ROE34.42%29.57%
ROIC7.19%8.01%

Dividends

MetricCAKENCLH
Dividend yield1.14%N/A
Payout ratio31.71%N/A

Growth (annualized)

MetricCAKENCLH
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.

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.