Norwegian Cruise Line (NCLH) vs Tidewater (TDW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Tidewater (TDW) has outperformed Norwegian Cruise Line (NCLH) over the past year, gaining 59.9% versus a loss of 34.6%. Over five years, TDW leads with a +578.1% price change compared with -41.6% for NCLH. Norwegian Cruise Line is the larger company by market cap ($7.12 billion vs $4.24 billion), about 1.7 times the size.
On valuation, Norwegian Cruise Line trades at a lower forward P/E (9.6x vs 14.2x for Tidewater). Tidewater converts more of its revenue into profit, with a net margin of 24.7% 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 | NCLH | TDW |
|---|---|---|
| Share price | $15.50 | $85.14 |
| Market cap | $7.12B | $4.24B |
| 1-day change | +0.03% | +0.52% |
| YTD return | -30.60% | +67.69% |
| 1-year return | -34.59% | +59.93% |
| 5-year return | -41.61% | +578.14% |
| P/E ratio (TTM) | 9.56 | 17.34 |
| Forward P/E | 9.60 | 14.16 |
| EPS (TTM) | $1.62 | $4.91 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $9.83B | $1.35B |
| Revenue growth (YoY) | +3.67% | +0.52% |
| Net income (latest FY) | $423.25M | $334.66M |
| Gross margin | 42.62% | — |
| Operating margin | 15.88% | 20.89% |
| Net margin | 4.31% | 24.74% |
| 52-week high | $25.13 | $101.58 |
| 52-week low | $13.63 | $46.65 |
| Distance from 52-week high | -38.34% | -16.18% |
| Analyst consensus | buy | none |
| Avg. price target upside | +29.59% | +11.44% |
| Average volume | 16.76M | 606.17K |
| Shares outstanding | 459.19M | 49.76M |
| Employees | 44,500 | 7,300 |
| 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
- TDW has outperformed NCLH by 94.5 percentage points over the past year.
- Tidewater trades at a higher earnings multiple (17.3x vs 9.6x trailing P/E).
- Tidewater is more profitable, keeping 24.7 cents of every revenue dollar as net income versus 4.3 cents for Norwegian Cruise Line.
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
About Tidewater
TDW stock →Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company operates through five segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa.
Consumer Discretionary · Marine Transportation · 7,300 employees
NCLH vs TDW FAQ
Which is bigger, Norwegian Cruise Line or Tidewater?
Norwegian Cruise Line (NCLH) is larger, with a market capitalization of $7.12B compared with $4.24B for Tidewater (TDW).
Which stock has performed better over the past year, NCLH or TDW?
TDW returned +59.93% over the past 12 months, compared with -34.59% for NCLH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCLH or TDW?
NCLH has the lower trailing P/E at 9.6, versus 17.3 for TDW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Norwegian Cruise Line and Tidewater in the same industry?
Yes. Both are classified in the Marine Transportation industry within the Consumer Discretionary sector.