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Cruise lines

The 5 companies in this industry listed on the NYSE and Nasdaq are worth $158 bn combined; the largest are Royal Caribbean (RCL), Viking Holdings (VIK) and Carnival Corporation (CCL). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
5 companies value 158 bn revenue 64 bn margin 15.0% free cash flow 4.3 bn avg. score 3.5
RCL holds 47.8% of the group's value, 2.0x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 RCL Royal Caribbean
United States · score 2.5
 48% 75 bn 19 bn 23.5% -0.4 bn -0.6% 1.5% Royal Caribbean, Celebrity and Silversea cruises · Leader in return on capital, with the newest ships in the sector
2 VIK Viking Holdings
Switzerland · score 6.6
 24% 38 bn 7.0 bn 19.3% 2.6 bn 7.0% — Viking river and ocean cruises · River and ocean cruises for affluent adults
3 CCL Carnival Corporation
United States · score 5.7
 23% 36 bn 28 bn 11.4% 3.2 bn 8.9% — Cruises: Carnival, Princess, Holland America and Costa · World's largest cruise operator by passengers
4 NCLH Norwegian Cruise Line
United States · score 0.8
 4% 7.0 bn 10 bn 7.5% -1.2 bn -16.9% — Norwegian, Oceania and Regent cruises · Premium positioning; the most leveraged of the three
5 LIND LINDBLAD EXPEDITIONS HOLDINGS, INC.
United States · score 1.7
 1% 2.3 bn 0.8 bn -2.1% 0.1 bn 4.8% — Expedition cruises on small ships · New York — revenue of $831m

Other industries in the same sector

and 36 industries more
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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