Etsy, Inc. (ETSY) vs Norwegian Cruise Line Holdings Ltd. (NCLH)
A side-by-side comparison of Etsy, Inc. 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.
ETSY
Etsy, Inc.
$72.60Consumer CyclicalDelayed quote: Sep 18, 2026, 4:00 PM EDT
NCLH
Norwegian Cruise Line Holdings Ltd.
$14.12Consumer CyclicalDelayed quote: Sep 18, 2026, 4:00 PM EDT
Total return — ETSY vs NCLH
growth of $100 · dividends reinvested · last 10yETSY +431.5% (+18.2%/yr)NCLH -58.8% (-8.5%/yr)ETSY compounded faster over this window
Log scale — wide-divergence pair
ETSY NCLH
ETSY vs NCLH: by the numbers
- •ETSY is the larger company ($6.89B vs $6.48B market cap).
- •NCLH trades at the lower trailing earnings multiple (8.82 vs 39.67 P/E), one valuation lens rather than an overall verdict.
- •NCLH converts more revenue to profit (7.49% vs 7.33% net margin).
- •NCLH grew revenue faster over the past five years (236.47% vs 5.88% CAGR).
Metrics side by side
Valuation
| Metric | ETSY | NCLH |
|---|---|---|
| P/E ratio | 39.67 | 8.82 |
| Forward P/E | 22.02 | 9.13 |
| P/S ratio | 2.41 | 0.64 |
| P/B ratio | N/A | 2.52 |
| EV / EBITDA | 16.88 | 8.16 |
| FCF yield | 8.95% | N/A |
Profitability
| Metric | ETSY | NCLH |
|---|---|---|
| Gross margin | 72.30% | 31.97% |
| Operating margin | 15.99% | 15.09% |
| Net margin | 7.33% | 7.49% |
| ROE | N/A | 29.57% |
| ROIC | 20.66% | 8.01% |
Growth (annualized)
| Metric | ETSY | NCLH |
|---|---|---|
| Revenue CAGR (5Y) | 5.88% | 236.47% |
| EPS CAGR (5Y) | -10.22% | N/A |
| FCF CAGR (5Y) | -2.08% | 35.22% |
| Total return CAGR (5Y) | -19.63% | -9.63% |
Frequently asked
- Which has the lower trailing P/E, ETSY or NCLH?
- NCLH has the lower trailing P/E: ETSY trades at 39.67 and NCLH at 8.82. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ETSY or NCLH?
- Over the past five years, NCLH grew revenue faster — ETSY at a 5.88% CAGR versus NCLH at 236.47%.
- Is ETSY or NCLH more profitable?
- NCLH runs the higher net margin — ETSY at 7.33% versus NCLH at 7.49%.
- How have ETSY and NCLH total returns compared?
- Over the past 10 years, ETSY delivered 18.22% and NCLH delivered -8.10% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Etsy P/E ratioNorwegian Cruise Line P/E ratioEtsy ROENorwegian Cruise Line ROEEtsy operating marginNorwegian Cruise Line operating marginEtsy revenue growthNorwegian Cruise Line revenue growthEtsy free cash flowNorwegian Cruise Line free cash flow
Etsy & 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.