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.
MTN
Vail Resorts, Inc.
$139.80Consumer 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 — MTN vs NCLH
growth of $100 · dividends reinvested · last 10yMTN +18.4% (+1.7%/yr)NCLH -58.8% (-8.5%/yr)MTN compounded faster over this window
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
| Metric | MTN | NCLH |
|---|---|---|
| P/E ratio | 32.29 | 8.82 |
| Forward P/E | 22.27 | 9.13 |
| P/S ratio | 1.76 | 0.64 |
| P/B ratio | 9.03 | 2.52 |
| EV / EBITDA | 7.99 | 8.16 |
| FCF yield | 4.77% | N/A |
Profitability
| Metric | MTN | NCLH |
|---|---|---|
| Gross margin | 42.78% | 31.97% |
| Operating margin | 24.13% | 15.09% |
| Net margin | 6.29% | 7.49% |
| ROE | 32.27% | 29.57% |
| ROIC | 9.74% | 8.01% |
Dividends
| Metric | MTN | NCLH |
|---|---|---|
| Dividend yield | 6.34% | N/A |
| Payout ratio | 205.08% | N/A |
Growth (annualized)
| Metric | MTN | NCLH |
|---|---|---|
| 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.
Go deeper
Dig into the metrics
Vail Resorts P/E ratioNorwegian Cruise Line P/E ratioVail Resorts dividend yieldVail Resorts ROENorwegian Cruise Line ROEVail Resorts operating marginNorwegian Cruise Line operating marginVail Resorts revenue growthNorwegian Cruise Line revenue growthVail Resorts free cash flowNorwegian Cruise Line free cash flow
Vail Resorts & 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.