Carnival (CCL) vs Travel Leisure (TNL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Travel Leisure (TNL) has outperformed Carnival (CCL) over the past year, gaining 3.6% versus a loss of 8.9%. Over five years, TNL leads with a +15.0% price change compared with +10.5% for CCL. Carnival is the larger company by market cap ($35.16 billion vs $3.85 billion), about 9.1 times the size.
On valuation, Travel Leisure trades at a lower forward P/E (7.1x vs 10.2x for Carnival). Travel Leisure offers the higher dividend yield (3.69% vs 1.72%). Carnival converts more of its revenue into profit, with a net margin of 10.4% versus 5.7%.
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 | TNL |
|---|---|---|
| Share price | $26.15 | $62.90 |
| Market cap | $35.16B | $3.85B |
| 1-day change | -1.62% | +0.13% |
| YTD return | -14.37% | -10.82% |
| 1-year return | -8.92% | +3.59% |
| 5-year return | +10.48% | +14.99% |
| P/E ratio (TTM) | 11.52 | 17.19 |
| Forward P/E | 10.21 | 7.13 |
| EPS (TTM) | $2.27 | $3.66 |
| Dividend yield | 1.72% | 3.69% |
| Annual dividend | $0.45 | $2.32 |
| Revenue (latest FY) | $26.62B | $4.02B |
| Revenue growth (YoY) | +6.40% | +4.06% |
| Net income (latest FY) | $2.76B | $230.00M |
| Gross margin | — | 93.21% |
| Operating margin | 16.84% | 13.75% |
| Net margin | 10.37% | 5.72% |
| 52-week high | $34.03 | $81.00 |
| 52-week low | $21.45 | $58.07 |
| Distance from 52-week high | -23.16% | -22.35% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +29.75% | +44.94% |
| Average volume | 21.17M | 736.81K |
| Shares outstanding | 1.34B | 61.28M |
| Employees | 160,000 | 19,000 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Marine Transportation | Hotels/Resorts |
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 9.1 times larger than Travel Leisure by market value ($35.16B vs $3.85B).
- TNL has outperformed CCL by 12.5 percentage points over the past year.
- Travel Leisure trades at a higher earnings multiple (17.2x vs 11.5x trailing P/E).
- Travel Leisure offers a meaningfully higher dividend yield (3.69% vs 1.72%).
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 Travel Leisure
TNL stock →Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership.
Consumer Discretionary · Hotels/Resorts · 19,000 employees
CCL vs TNL FAQ
Which is bigger, Carnival or Travel Leisure?
Carnival (CCL) is larger, with a market capitalization of $35.16B compared with $3.85B for Travel Leisure (TNL).
Which stock has performed better over the past year, CCL or TNL?
TNL returned +3.59% 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 TNL?
CCL has the lower trailing P/E at 11.5, versus 17.2 for TNL. 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 Travel Leisure?
Travel Leisure has the higher yield at 3.69%, compared with 1.72% for Carnival.
Are Carnival and Travel Leisure in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Marine Transportation for Carnival and Hotels/Resorts for Travel Leisure.