Carnival (CCL) vs Frontline Plc (FRO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Frontline Plc (FRO) has outperformed Carnival (CCL) over the past year, gaining 141.8% versus a loss of 8.9%. Over five years, FRO leads with a +488.2% price change compared with +10.5% for CCL. Carnival is the larger company by market cap ($35.13 billion vs $12.52 billion), about 2.8 times the size.
On valuation, Carnival trades at a lower forward P/E (10.2x vs 10.7x for Frontline Plc). Frontline Plc offers the higher dividend yield (9.56% vs 1.72%). Frontline Plc converts more of its revenue into profit, with a net margin of 19.2% versus 10.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CCL | FRO |
|---|---|---|
| Share price | $26.13 | $56.26 |
| Market cap | $35.13B | $12.52B |
| 1-day change | -0.08% | +6.03% |
| YTD return | -14.37% | +143.17% |
| 1-year return | -8.92% | +141.84% |
| 5-year return | +10.48% | +488.25% |
| P/E ratio (TTM) | 11.51 | 8.43 |
| Forward P/E | 10.20 | 10.73 |
| EPS (TTM) | $2.27 | $6.67 |
| Dividend yield | 1.72% | 9.56% |
| Annual dividend | $0.45 | $5.38 |
| Revenue (latest FY) | $26.62B | $1.97B |
| Revenue growth (YoY) | +6.40% | -8.85% |
| Net income (latest FY) | $2.76B | $379.08M |
| Operating margin | 16.84% | 30.38% |
| Net margin | 10.37% | 19.23% |
| 52-week high | $34.03 | $56.55 |
| 52-week low | $21.45 | $20.47 |
| Distance from 52-week high | -23.21% | -0.51% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +29.85% | -9.79% |
| Average volume | 21.07M | 2.82M |
| Shares outstanding | 1.34B | 222.62M |
| Employees | 160,000 | 85 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Marine Transportation | Marine Transportation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Carnival is about 2.8 times larger than Frontline Plc by market value ($35.13B vs $12.52B).
- FRO has outperformed CCL by 150.8 percentage points over the past year.
- Carnival trades at a higher earnings multiple (11.5x vs 8.4x trailing P/E).
- Frontline Plc offers a meaningfully higher dividend yield (9.56% vs 1.72%).
- Frontline Plc is more profitable, keeping 19.2 cents of every revenue dollar as net income versus 10.4 cents for Carnival.
- Carnival grew revenue faster in its latest fiscal year (+6.40% vs -8.85%).
About Carnival
CCL stock →Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
Consumer Discretionary · Marine Transportation · 160,000 employees
About Frontline Plc
FRO stock →Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers.
Consumer Discretionary · Marine Transportation · 85 employees
CCL vs FRO FAQ
Which is bigger, Carnival or Frontline Plc?
Carnival (CCL) is larger, with a market capitalization of $35.13B compared with $12.52B for Frontline Plc (FRO).
Which stock has performed better over the past year, CCL or FRO?
FRO returned +141.84% over the past 12 months, compared with -8.92% for CCL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CCL or FRO?
FRO has the lower trailing P/E at 8.4, versus 11.5 for CCL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Carnival or Frontline Plc?
Frontline Plc has the higher yield at 9.56%, compared with 1.72% for Carnival.
Are Carnival and Frontline Plc in the same industry?
Yes. Both are classified in the Marine Transportation industry within the Consumer Discretionary sector.