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Norwegian Cruise Line vs Trip.com Group

Norwegian Cruise Line and Trip.com Group are similar in size: $9.83bn and $8.68bn of revenue in their latest fiscal years. Trip.com Group grew faster (17.2% against 3.7%). Trip.com Group kept more of each dollar of sales as profit: a net margin of 53.3% against 4.3%.

Latest fiscal yearNorwegian Cruise LineNCLH, 2025Trip.com GroupTCOM, 2025
Revenue $9.83bn $8.68bn
Revenue growth 3.7% 17.2%
Net income $423m $4.63bn
Operating margin — 25.3%
Net margin 4.3% 53.3%
Return on equity 23.3% 21.1%
Free cash flow −$1.17bn $1.89bn
Cash $210m $5.70bn
Total debt $14.99bn $4.40bn
Debt to equity — 18.0%
Dividend per share — —
Dividend yield — 0.7%
Share buybacks — $612m
Employees — —
Market value $7.95bn $27.00bn
Price vs our value range — Below our value range
Moat score 35 (Weak) 58 (Moderate)
Insider trades, 12 months 17 buys, 1 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.