CCL vs MATX
Carnival Corp. Ltd. and Matson, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CCL | MATX |
|---|---|---|
| Revenue | $26.6B | $3.3B |
| Net income | $2.8B | $444.8M |
| Gross margin | · | 114.8% |
| Net margin | 10.4% | 13.3% |
| Return on equity | 25.6% | 16.4% |
| Diluted EPS | $2.02 | $13.81 |
| Dividend / share | · | $1.40 |
| Payout ratio | · | 10.1% |
| Free cash flow | $2.6B | $153.7M |
| Equity | $12.3B | $2.8B |
| Net debt / equity | 2.01× | 0.08× |
| Current ratio | 0.32× | 0.89× |
| Revenue CAGR 5y | 36.6% | 7.0% |
| Profit CAGR 5y | · | 18.2% |
CCL bills 8.0× the revenue of MATX, and MATX keeps more of each dollar of revenue as profit (13.3% against 10.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CCL | MATX |
|---|---|---|
| FY2025 | $26.6B | $3.3B |
| FY2024 | $25.0B | $3.4B |
| FY2023 | $21.6B | $3.1B |
| FY2022 | $12.2B | $4.3B |
| FY2021 | $1.9B | $3.9B |
| FY2020 | $5.6B | $2.4B |
| FY2019 | $20.8B | $2.2B |
| FY2018 | $18.9B | $2.2B |
| FY2017 | $17.5B | $2.0B |
| FY2016 | $16.4B | $1.9B |
Bottom line
| Fiscal year | CCL | MATX |
|---|---|---|
| FY2025 | $2.8B | $444.8M |
| FY2024 | $1.9B | $476.4M |
| FY2023 | $-74.0M | $297.1M |
| FY2022 | $-6.1B | $1.1B |
| FY2021 | $-9.5B | $927.4M |
| FY2020 | $-10.2B | $193.1M |
| FY2019 | $3.0B | $82.7M |
| FY2018 | $3.2B | $109.0M |
| FY2017 | $2.6B | $231.0M |
| FY2016 | $2.8B | $81.4M |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$23,277,500,000 | CCL |
| FY2024 | +$21,599,200,000 | CCL |
| FY2023 | +$18,498,400,000 | CCL |
| FY2022 | +$7,825,000,000 | CCL |
| FY2021 | −$2,017,300,000 | MATX |
| FY2020 | +$3,211,700,000 | CCL |
| FY2019 | +$18,621,900,000 | CCL |
| FY2018 | +$16,658,200,000 | CCL |
| FY2017 | +$15,463,100,000 | CCL |
| FY2016 | +$14,447,400,000 | CCL |
| FY2015 | +$13,829,100,000 | CCL |
| FY2014 | +$14,169,800,000 | CCL |
| FY2009 | +$11,765,000,000 | CCL |
| FY2008 | +$12,775,000,000 | CCL |
The higher-revenue side has changed between CCL and MATX over this period. The gap has widened since the earliest year compared.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.9 pp | MATX |
| FY2024 | −6.3 pp | MATX |
| FY2023 | −9.9 pp | MATX |
| FY2020 | −191.1 pp | MATX |
| FY2019 | +10.6 pp | CCL |
| FY2018 | +11.8 pp | CCL |
| FY2017 | +3.6 pp | CCL |
| FY2016 | +12.8 pp | CCL |
| FY2009 | +10.4 pp | CCL |
| FY2008 | +8.8 pp | CCL |
The higher net margin has changed hands between CCL and MATX over this period.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CCL's net margin has been more volatile than MATX's over the 10 comparable fiscal years — 58.8 percentage points of standard deviation against 3.8.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CCL and MATX over these 10 fiscal years — CCL led in 6 and MATX in 4.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CCL's return on equity has been more volatile than MATX's over the 18 comparable fiscal years — 25.5 percentage points of standard deviation against 17.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CCL and MATX over these 18 fiscal years — CCL led in 6 and MATX in 12.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.