Frontline Plc (FRO) vs Norwegian Cruise Line (NCLH)
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 Norwegian Cruise Line (NCLH) over the past year, gaining 141.8% versus a loss of 37.0%. Over five years, FRO leads with a +488.2% price change compared with -43.3% for NCLH. Frontline Plc is the larger company by market cap ($11.81 billion vs $6.91 billion), about 1.7 times the size, while Norwegian Cruise Line is growing revenue faster (+3.7% vs -8.8%).
On valuation, Norwegian Cruise Line trades at a lower forward P/E (9.1x vs 10.1x for Frontline Plc). Frontline Plc pays a dividend yielding 10.14%, while Norwegian Cruise Line does not currently pay one. Frontline Plc converts more of its revenue into profit, with a net margin of 19.2% versus 4.3%.
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 | FRO | NCLH |
|---|---|---|
| Share price | $53.06 | $15.05 |
| Market cap | $11.81B | $6.91B |
| 1-day change | +0.55% | -2.97% |
| YTD return | +143.17% | -32.57% |
| 1-year return | +141.84% | -37.03% |
| 5-year return | +488.25% | -43.27% |
| P/E ratio (TTM) | 7.96 | 9.29 |
| Forward P/E | 10.12 | 9.07 |
| EPS (TTM) | $6.67 | $1.62 |
| Dividend yield | 10.14% | 0.00% |
| Annual dividend | $5.38 | $0.00 |
| Revenue (latest FY) | $1.97B | $9.83B |
| Revenue growth (YoY) | -8.85% | +3.67% |
| Net income (latest FY) | $379.08M | $423.25M |
| Gross margin | — | 42.62% |
| Operating margin | 30.38% | 15.88% |
| Net margin | 19.23% | 4.31% |
| 52-week high | $54.91 | $25.13 |
| 52-week low | $20.47 | $13.63 |
| Distance from 52-week high | -3.37% | -40.11% |
| Analyst consensus | buy | buy |
| Avg. price target upside | -4.35% | +33.42% |
| Average volume | 2.82M | 16.68M |
| Shares outstanding | 222.62M | 459.19M |
| Employees | 85 | 44,500 |
| 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
- FRO has outperformed NCLH by 178.9 percentage points over the past year.
- Frontline Plc offers a meaningfully higher dividend yield (10.14% vs 0.00%).
- Frontline Plc is more profitable, keeping 19.2 cents of every revenue dollar as net income versus 4.3 cents for Norwegian Cruise Line.
- Norwegian Cruise Line grew revenue faster in its latest fiscal year (+3.67% vs -8.85%).
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
About Norwegian Cruise Line
NCLH stock →Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii.
Consumer Discretionary · Marine Transportation · 44,500 employees
FRO vs NCLH FAQ
Which is bigger, Frontline Plc or Norwegian Cruise Line?
Frontline Plc (FRO) is larger, with a market capitalization of $11.81B compared with $6.91B for Norwegian Cruise Line (NCLH).
Which stock has performed better over the past year, FRO or NCLH?
FRO returned +141.84% over the past 12 months, compared with -37.03% for NCLH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FRO or NCLH?
FRO has the lower trailing P/E at 8.0, versus 9.3 for NCLH. 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, Frontline Plc or Norwegian Cruise Line?
Frontline Plc pays a dividend yielding 10.14%, while Norwegian Cruise Line does not currently pay a regular dividend.
Are Frontline Plc and Norwegian Cruise Line in the same industry?
Yes. Both are classified in the Marine Transportation industry within the Consumer Discretionary sector.