Vail Resorts, Inc. (MTN) vs Norwegian Cruise Line Holdings Ltd. (NCLH)

A side-by-side comparison of Vail Resorts, 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.

Compare

Total returnMTN vs NCLH

growth of $100 · dividends reinvested · last 10y
MTN +18.4% (+1.7%/yr)NCLH -58.8% (-8.5%/yr)MTN compounded faster over this window
50100150200250Start $10020182020202220242026$118$41
MTN NCLH

MTN vs NCLH: by the numbers

  • NCLH is the larger company ($6.48B vs $4.98B market cap).
  • NCLH trades at the lower trailing earnings multiple (8.82 vs 32.29 P/E), one valuation lens rather than an overall verdict.
  • NCLH converts more revenue to profit (7.49% vs 6.29% net margin).
  • NCLH grew revenue faster over the past five years (236.47% vs 9.70% CAGR).
  • MTN pays a dividend (6.34% yield), while NCLH has no payments in the available dividend history.

Metrics side by side

Valuation

MetricMTNNCLH
P/E ratio32.298.82
Forward P/E22.279.13
P/S ratio1.760.64
P/B ratio9.032.52
EV / EBITDA7.998.16
FCF yield4.77%N/A

Profitability

MetricMTNNCLH
Gross margin42.78%31.97%
Operating margin24.13%15.09%
Net margin6.29%7.49%
ROE32.27%29.57%
ROIC9.74%8.01%

Dividends

MetricMTNNCLH
Dividend yield6.34%N/A
Payout ratio205.08%N/A

Growth (annualized)

MetricMTNNCLH
Revenue CAGR (5Y)9.70%236.47%
EPS CAGR (5Y)25.21%N/A
FCF CAGR (5Y)7.51%35.22%
Total return CAGR (5Y)-10.39%-9.63%

Frequently asked

Which has the lower trailing P/E, MTN or NCLH?
NCLH has the lower trailing P/E: MTN trades at 32.29 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, MTN or NCLH?
Over the past five years, NCLH grew revenue faster — MTN at a 9.70% CAGR versus NCLH at 236.47%.
Does MTN or NCLH pay a bigger dividend?
MTN pays a dividend (6.34% yield), while NCLH has no payments in the available dividend history.
Is MTN or NCLH more profitable?
NCLH runs the higher net margin — MTN at 6.29% versus NCLH at 7.49%.
How have MTN and NCLH total returns compared?
Over the past 10 years, MTN delivered 1.89% 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.