Royal Caribbean Cruises (RCL) vs Travel Leisure (TNL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Travel Leisure (TNL) has outperformed Royal Caribbean Cruises (RCL) over the past year, gaining 3.8% versus a loss of 8.7%. Over five years, RCL leads with a +226.0% price change compared with +14.5% for TNL. Royal Caribbean Cruises is the larger company by market cap ($75.26 billion vs $3.84 billion), about 19.6 times the size.
On valuation, Travel Leisure trades at a lower forward P/E (7.1x vs 13.8x for Royal Caribbean Cruises). Travel Leisure offers the higher dividend yield (3.71% vs 1.78%). Royal Caribbean Cruises converts more of its revenue into profit, with a net margin of 23.8% 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 | RCL | TNL |
|---|---|---|
| Share price | $281.41 | $62.61 |
| Market cap | $75.26B | $3.84B |
| 1-day change | -0.32% | -0.46% |
| YTD return | +0.89% | -11.23% |
| 1-year return | -8.72% | +3.78% |
| 5-year return | +226.01% | +14.46% |
| P/E ratio (TTM) | 17.37 | 17.11 |
| Forward P/E | 13.77 | 7.14 |
| EPS (TTM) | $16.20 | $3.66 |
| Dividend yield | 1.78% | 3.71% |
| Annual dividend | $5.00 | $2.32 |
| Revenue (latest FY) | $17.93B | $4.02B |
| Revenue growth (YoY) | +8.80% | +4.06% |
| Net income (latest FY) | $4.27B | $230.00M |
| Gross margin | 49.36% | 93.21% |
| Operating margin | 27.38% | 13.75% |
| Net margin | 23.80% | 5.72% |
| 52-week high | $356.39 | $81.00 |
| 52-week low | $222.22 | $58.07 |
| Distance from 52-week high | -21.04% | -22.70% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +24.49% | +45.62% |
| Average volume | 2.44M | 738.70K |
| Shares outstanding | 267.45M | 61.28M |
| Employees | 107,950 | 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
- Royal Caribbean Cruises is about 19.6 times larger than Travel Leisure by market value ($75.26B vs $3.84B).
- TNL has outperformed RCL by 12.5 percentage points over the past year.
- Travel Leisure offers a meaningfully higher dividend yield (3.71% vs 1.78%).
- Royal Caribbean Cruises is more profitable, keeping 23.8 cents of every revenue dollar as net income versus 5.7 cents for Travel Leisure.
About Royal Caribbean Cruises
RCL stock →Royal Caribbean Cruises Ltd. operates as a cruise company worldwide.
Consumer Discretionary · Marine Transportation · 107,950 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
RCL vs TNL FAQ
Which is bigger, Royal Caribbean Cruises or Travel Leisure?
Royal Caribbean Cruises (RCL) is larger, with a market capitalization of $75.26B compared with $3.84B for Travel Leisure (TNL).
Which stock has performed better over the past year, RCL or TNL?
TNL returned +3.78% over the past 12 months, compared with -8.72% for RCL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, RCL or TNL?
TNL has the lower trailing P/E at 17.1, versus 17.4 for RCL. 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, Royal Caribbean Cruises or Travel Leisure?
Travel Leisure has the higher yield at 3.71%, compared with 1.78% for Royal Caribbean Cruises.
Are Royal Caribbean Cruises and Travel Leisure in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Marine Transportation for Royal Caribbean Cruises and Hotels/Resorts for Travel Leisure.