MATX vs RCL
Matson, Inc. and Royal Caribbean Cruises Ltd., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MATX | RCL |
|---|---|---|
| Revenue | $3.3B | $17.9B |
| Net income | $444.8M | $4.3B |
| Gross margin | 114.8% | 49.4% |
| Net margin | 13.3% | 23.9% |
| Return on equity | 16.4% | 48.5% |
| Diluted EPS | $13.81 | $15.61 |
| Dividend / share | $1.40 | $3.50 |
| Payout ratio | 10.1% | 19.3% |
| Free cash flow | $153.7M | $1.2B |
| Equity | $2.8B | $10.0B |
| Net debt / equity | 0.08× | 2.04× |
| Current ratio | 0.89× | 0.18× |
| Revenue CAGR 5y | 7.0% | 52.0% |
| Profit CAGR 5y | 18.2% | · |
RCL bills 5.4× the revenue of MATX, and keeps more of each dollar of revenue as profit (23.9% against 13.3%).
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 | MATX | RCL |
|---|---|---|
| FY2025 | $3.3B | $17.9B |
| FY2024 | $3.4B | $16.5B |
| FY2023 | $3.1B | $13.9B |
| FY2022 | $4.3B | $8.8B |
| FY2021 | $3.9B | $1.5B |
| FY2020 | $2.4B | $2.2B |
| FY2019 | $2.2B | $11.0B |
| FY2018 | $2.2B | $9.5B |
| FY2017 | $2.0B | $8.8B |
| FY2016 | $1.9B | $8.5B |
Bottom line
| Fiscal year | MATX | RCL |
|---|---|---|
| FY2025 | $444.8M | $4.3B |
| FY2024 | $476.4M | $2.9B |
| FY2023 | $297.1M | $1.7B |
| FY2022 | $1.1B | $-2.2B |
| FY2021 | $927.4M | $-5.3B |
| FY2020 | $193.1M | $-5.8B |
| FY2019 | $82.7M | $1.9B |
| FY2018 | $109.0M | $1.8B |
| FY2017 | $231.0M | $1.6B |
| FY2016 | $81.4M | $1.3B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$14,590,500,000 | RCL |
| FY2024 | −$13,062,200,000 | RCL |
| FY2023 | −$10,805,400,000 | RCL |
| FY2022 | −$4,497,000,000 | RCL |
| FY2021 | +$2,393,300,000 | MATX |
| FY2020 | +$174,495,000 | MATX |
| FY2019 | −$8,747,561,000 | RCL |
| FY2018 | −$7,271,049,000 | RCL |
| FY2017 | −$6,730,945,000 | RCL |
| FY2016 | −$6,554,801,000 | RCL |
| FY2015 | −$6,414,174,000 | RCL |
| FY2014 | −$6,359,655,000 | RCL |
| FY2013 | −$6,322,694,000 | RCL |
| FY2012 | −$6,128,024,000 | RCL |
| FY2011 | −$6,074,663,000 | RCL |
| FY2010 | −$5,381,904,000 | RCL |
| FY2009 | −$4,497,826,000 | RCL |
| FY2008 | −$4,661,525,000 | RCL |
The higher-revenue side has changed between MATX and RCL over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.6 pp | RCL |
| FY2024 | −3.6 pp | RCL |
| FY2023 | −2.7 pp | RCL |
| FY2020 | +269.6 pp | MATX |
| FY2019 | −13.7 pp | RCL |
| FY2018 | −14.2 pp | RCL |
| FY2017 | −7.2 pp | RCL |
| FY2016 | −10.9 pp | RCL |
| FY2012 | +2.7 pp | MATX |
| FY2011 | −5.7 pp | RCL |
| FY2010 | −0.9 pp | RCL |
| FY2009 | +0.6 pp | MATX |
| FY2008 | −1.7 pp | RCL |
The higher net margin has changed hands between MATX and RCL over this period.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RCL's net margin has been more volatile than MATX's over the 13 comparable fiscal years — 73.3 percentage points of standard deviation against 3.8.
13 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 MATX and RCL over these 13 fiscal years — MATX led in 3 and RCL in 10.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RCL's return on equity has been more volatile than MATX's over the 18 comparable fiscal years — 32.9 percentage points of standard deviation against 17.0.
18 of 18 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 MATX and RCL over these 18 fiscal years — MATX led in 12 and RCL in 6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.