IREN Limited (IREN) vs Royal Caribbean Cruises Ltd. (RCL)

A side-by-side comparison of IREN Limited and Royal Caribbean Cruises Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

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Different business models: IREN is classified in Technology; RCL is classified in Consumer Cyclical. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

Total returnIREN vs RCL

growth of $100 · dividends reinvested · last 5y
IREN +91.9% (+13.9%/yr)RCL +192.5% (+23.9%/yr)RCL compounded faster over this window
0100200300400Start $10020222023202420252026$192$292
IREN RCL

IREN vs RCL: by the numbers

  • RCL is the larger company ($69.77B vs $15.64B market cap).
  • RCL is profitable (23.56% net margin) while IREN runs a net loss (-99.38%).
  • RCL grew revenue faster over the past five years (188.60% vs 160.68% CAGR).
  • RCL pays a dividend (1.92% yield), while IREN has no payments in the available dividend history.

Metrics side by side

Valuation

MetricIRENRCL
P/E ratioN/A16.08
Forward P/EN/A14.65
P/S ratio22.123.73
P/B ratio3.746.82
EV / EBITDAN/A13.56

Profitability

MetricIRENRCL
Gross margin68.93%46.64%
Operating margin-148.05%27.32%
Net margin-99.38%23.56%
ROE-16.79%43.01%
ROIC-7.62%14.59%

Dividends

MetricIRENRCL
Dividend yieldN/A1.92%
Payout ratioN/A30.90%

Growth (annualized)

MetricIRENRCL
Revenue CAGR (5Y)160.68%188.60%
EPS CAGR (5Y)N/A9.81%
FCF CAGR (5Y)N/A11.57%
Total return CAGR (5Y)N/A26.76%

Frequently asked

Which has grown faster, IREN or RCL?
Over the past five years, RCL grew revenue faster — IREN at a 160.68% CAGR versus RCL at 188.60%.
Does IREN or RCL pay a bigger dividend?
RCL pays a dividend (1.92% yield), while IREN has no payments in the available dividend history.
Is IREN or RCL more profitable?
RCL runs the higher net margin — IREN at -99.38% versus RCL at 23.56%.

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 11, 2026.