Norwegian Cruise Line (NCLH) vs Viking (VIK)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Viking (VIK) has outperformed Norwegian Cruise Line (NCLH) over the past year, gaining 36.6% versus a loss of 37.0%. Viking is the larger company by market cap ($36.29 billion vs $6.91 billion), about 5.3 times the size. On valuation, Norwegian Cruise Line trades at a lower forward P/E (9.1x vs 18.5x for Viking).
Viking converts more of its revenue into profit, with a net margin of 17.7% 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 | VIK |
|---|---|---|
| Share price | $15.05 | $81.26 |
| Market cap | $6.91B | $36.29B |
| 1-day change | -2.97% | -0.47% |
| YTD return | -32.57% | +13.79% |
| 1-year return | -37.03% | +36.57% |
| 5-year return | -43.27% | — |
| P/E ratio (TTM) | 9.29 | 27.00 |
| Forward P/E | 9.07 | 18.53 |
| EPS (TTM) | $1.62 | $3.01 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $9.83B | $6.50B |
| Revenue growth (YoY) | +3.67% | +21.89% |
| Net income (latest FY) | $423.25M | $1.15B |
| Gross margin | 42.62% | 43.34% |
| Operating margin | 15.88% | 23.10% |
| Net margin | 4.31% | 17.65% |
| 52-week high | $25.13 | $110.09 |
| 52-week low | $13.63 | $56.37 |
| Distance from 52-week high | -40.11% | -26.19% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +33.42% | +34.81% |
| Average volume | 16.58M | 3.45M |
| Shares outstanding | 459.19M | 318.87M |
| Employees | 44,500 | 13,000 |
| 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
- Viking is about 5.3 times larger than Norwegian Cruise Line by market value ($36.29B vs $6.91B).
- VIK has outperformed NCLH by 73.6 percentage points over the past year.
- Viking trades at a higher earnings multiple (27.0x vs 9.3x trailing P/E).
- Viking is more profitable, keeping 17.7 cents of every revenue dollar as net income versus 4.3 cents for Norwegian Cruise Line.
- Viking grew revenue faster in its latest fiscal year (+21.89% vs +3.67%).
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 Viking
VIK stock →Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments.
Consumer Discretionary · Marine Transportation · 13,000 employees
NCLH vs VIK FAQ
Which is bigger, Norwegian Cruise Line or Viking?
Viking (VIK) is larger, with a market capitalization of $36.29B compared with $6.91B for Norwegian Cruise Line (NCLH).
Which stock has performed better over the past year, NCLH or VIK?
VIK returned +36.57% 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, NCLH or VIK?
NCLH has the lower trailing P/E at 9.3, versus 27.0 for VIK. 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 Viking in the same industry?
Yes. Both are classified in the Marine Transportation industry within the Consumer Discretionary sector.