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Stock Comparison

DMRC vs CCL vs RCL vs IPGP

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
DMRC
Digimarc Corporation

Information Technology Services

TechnologyNASDAQ • US
Market Cap$205M
5Y Perf.-45.5%
CCL
Carnival Corporation & plc

Leisure

Consumer CyclicalNYSE • US
Market Cap$32.62B
5Y Perf.+67.6%
RCL
Royal Caribbean Cruises Ltd.

Travel Services

Consumer CyclicalNYSE • US
Market Cap$74.46B
5Y Perf.+430.6%
IPGP
IPG Photonics Corporation

Semiconductors

TechnologyNASDAQ • US
Market Cap$4.43B
5Y Perf.-32.8%

DMRC vs CCL vs RCL vs IPGP — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
DMRC logoDMRC
CCL logoCCL
RCL logoRCL
IPGP logoIPGP
IndustryInformation Technology ServicesLeisureTravel ServicesSemiconductors
Market Cap$205M$32.62B$74.46B$4.43B
Revenue (TTM)$34M$26.62B$18.39B$1.04B
Net Income (TTM)$-32M$2.76B$4.48B$29M
Gross Margin61.6%37.4%47.2%37.6%
Operating Margin-94.4%16.8%27.9%0.3%
Forward P/E12.0x15.9x78.1x
Total Debt$4M$27.99B$22.64B$0.00
Cash & Equiv.$10M$1.93B$825M$404M

DMRC vs CCL vs RCL vs IPGPLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

DMRC
CCL
RCL
IPGP
StockMay 20May 26Return
Digimarc Corporation (DMRC)10054.5-45.5%
Carnival Corporatio… (CCL)100167.6+67.6%
Royal Caribbean Cru… (RCL)100530.6+430.6%
IPG Photonics Corpo… (IPGP)10067.2-32.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: DMRC vs CCL vs RCL vs IPGP

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: RCL leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. IPG Photonics Corporation is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. CCL also leads in specific categories worth noting. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
DMRC
Digimarc Corporation
The Secondary Option

DMRC lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: technology exposure
CCL
Carnival Corporation & plc
The Value Play

CCL is the clearest fit if your priority is value.

  • Lower P/E (12.0x vs 78.1x)
Best for: value
RCL
Royal Caribbean Cruises Ltd.
The Income Pick

RCL carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 1.72, yield 0.4%
  • Rev growth 8.8%, EPS growth 42.7%, 3Y rev CAGR 26.6%
  • 284.3% 10Y total return vs IPGP's 23.6%
  • 8.8% revenue growth vs DMRC's -11.7%
Best for: income & stability and growth exposure
IPGP
IPG Photonics Corporation
The Defensive Pick

IPGP is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.

  • Lower volatility, beta 1.68, current ratio 6.08x
  • Beta 1.68, current ratio 6.08x
  • Beta 1.68 vs DMRC's 2.42
  • +77.9% vs DMRC's -30.3%
Best for: sleep-well-at-night and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthRCL logoRCL8.8% revenue growth vs DMRC's -11.7%
ValueCCL logoCCLLower P/E (12.0x vs 78.1x)
Quality / MarginsRCL logoRCL24.4% margin vs DMRC's -95.3%
Stability / SafetyIPGP logoIPGPBeta 1.68 vs DMRC's 2.42
DividendsRCL logoRCL0.4% yield; 1-year raise streak; the other 3 pay no meaningful dividend
Momentum (1Y)IPGP logoIPGP+77.9% vs DMRC's -30.3%
Efficiency (ROA)RCL logoRCL11.1% ROA vs DMRC's -54.8%, ROIC 12.2% vs -53.6%

DMRC vs CCL vs RCL vs IPGP — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

DMRCDigimarc Corporation
FY 2025
Subscription
58.5%$20M
Service
41.5%$14M
CCLCarnival Corporation & plc
FY 2025
Tour And Other
65.4%$17.4B
Cruise
34.6%$9.2B
RCLRoyal Caribbean Cruises Ltd.
FY 2025
Cruise Itinerary
95.2%$17.1B
Other Products And Services
4.8%$864M
IPGPIPG Photonics Corporation
FY 2025
High Power Continuous Wave CW Lasers
41.8%$309M
Laser And Non-Laser Systems
19.9%$147M
Pulsed Lasers
19.4%$143M
Medium And Low Power CW Lasers
11.9%$88M
Quasi-Continuous Wave QCW Lasers
7.0%$52M

DMRC vs CCL vs RCL vs IPGP — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLRCLLAGGINGIPGP

Income & Cash Flow (Last 12 Months)

Evenly matched — CCL and RCL each lead in 2 of 6 comparable metrics.

CCL is the larger business by revenue, generating $26.6B annually — 785.0x DMRC's $34M. RCL is the more profitable business, keeping 24.4% of every revenue dollar as net income compared to DMRC's -95.3%. On growth, IPGP holds the edge at +16.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricDMRC logoDMRCDigimarc Corporat…CCL logoCCLCarnival Corporat…RCL logoRCLRoyal Caribbean C…IPGP logoIPGPIPG Photonics Cor…
RevenueTrailing 12 months$34M$26.6B$18.4B$1.0B
EBITDAEarnings before interest/tax-$27M$7.3B$6.8B$55M
Net IncomeAfter-tax profit-$32M$2.8B$4.5B$29M
Free Cash FlowCash after capex-$12M$2.6B$1.4B$8M
Gross MarginGross profit ÷ Revenue+61.6%+37.4%+47.2%+37.6%
Operating MarginEBIT ÷ Revenue-94.4%+16.8%+27.9%+0.3%
Net MarginNet income ÷ Revenue-95.3%+10.4%+24.4%+2.8%
FCF MarginFCF ÷ Revenue-36.8%+9.8%+7.5%+0.8%
Rev. Growth (YoY)Latest quarter vs prior year+2.9%+6.6%+11.3%+16.6%
EPS Growth (YoY)Latest quarter vs prior year+52.5%+82.4%+28.9%-54.4%
Evenly matched — CCL and RCL each lead in 2 of 6 comparable metrics.

Valuation Metrics

CCL leads this category, winning 4 of 6 comparable metrics.

At 13.1x trailing earnings, CCL trades at a 91% valuation discount to IPGP's 143.1x P/E. On an enterprise value basis, CCL's 8.1x EV/EBITDA is more attractive than IPGP's 50.4x.

MetricDMRC logoDMRCDigimarc Corporat…CCL logoCCLCarnival Corporat…RCL logoRCLRoyal Caribbean C…IPGP logoIPGPIPG Photonics Cor…
Market CapShares × price$205M$32.6B$74.5B$4.4B
Enterprise ValueMkt cap + debt − cash$199M$58.7B$96.3B$4.0B
Trailing P/EPrice ÷ TTM EPS-6.28x13.06x17.63x143.14x
Forward P/EPrice ÷ next-FY EPS est.11.96x15.89x78.05x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple8.07x14.76x50.42x
Price / SalesMarket cap ÷ Revenue6.04x1.23x4.15x4.42x
Price / BookPrice ÷ Book value/share5.04x3.01x7.33x2.09x
Price / FCFMarket cap ÷ FCF12.51x60.24x
CCL leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

RCL leads this category, winning 6 of 9 comparable metrics.

RCL delivers a 44.9% return on equity — every $100 of shareholder capital generates $45 in annual profit, vs $-73 for DMRC. DMRC carries lower financial leverage with a 0.11x debt-to-equity ratio, signaling a more conservative balance sheet compared to CCL's 2.28x. On the Piotroski fundamental quality scale (0–9), CCL scores 7/9 vs DMRC's 2/9, reflecting strong financial health.

MetricDMRC logoDMRCDigimarc Corporat…CCL logoCCLCarnival Corporat…RCL logoRCLRoyal Caribbean C…IPGP logoIPGPIPG Photonics Cor…
ROE (TTM)Return on equity-72.6%+22.5%+44.9%+1.4%
ROA (TTM)Return on assets-54.8%+5.3%+11.1%+1.2%
ROICReturn on invested capital-53.6%+8.9%+12.2%+0.6%
ROCEReturn on capital employed-57.6%+11.8%+17.3%+0.6%
Piotroski ScoreFundamental quality 0–92776
Debt / EquityFinancial leverage0.11x2.28x2.21x
Net DebtTotal debt minus cash-$6M$26.1B$21.8B-$404M
Cash & Equiv.Liquid assets$10M$1.9B$825M$404M
Total DebtShort + long-term debt$4M$28.0B$22.6B$0
Interest CoverageEBIT ÷ Interest expense3.09x5.36x
RCL leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

RCL leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in RCL five years ago would be worth $33,503 today (with dividends reinvested), compared to $3,261 for DMRC. Over the past 12 months, IPGP leads with a +77.9% total return vs DMRC's -30.3%. The 3-year compound annual growth rate (CAGR) favors RCL at 53.1% vs DMRC's -22.1% — a key indicator of consistent wealth creation.

MetricDMRC logoDMRCDigimarc Corporat…CCL logoCCLCarnival Corporat…RCL logoRCLRoyal Caribbean C…IPGP logoIPGPIPG Photonics Cor…
YTD ReturnYear-to-date+48.1%-14.2%-2.3%+39.6%
1-Year ReturnPast 12 months-30.3%+31.0%+20.0%+77.9%
3-Year ReturnCumulative with dividends-52.7%+150.0%+258.9%-10.2%
5-Year ReturnCumulative with dividends-67.4%+1.0%+235.0%-44.3%
10-Year ReturnCumulative with dividends-67.6%-32.4%+284.3%+23.6%
CAGR (3Y)Annualised 3-year return-22.1%+35.7%+53.1%-3.5%
RCL leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — CCL and IPGP each lead in 1 of 2 comparable metrics.

IPGP is the less volatile stock with a 1.68 beta — it tends to amplify market swings less than DMRC's 2.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CCL currently trades 77.5% from its 52-week high vs DMRC's 63.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricDMRC logoDMRCDigimarc Corporat…CCL logoCCLCarnival Corporat…RCL logoRCLRoyal Caribbean C…IPGP logoIPGPIPG Photonics Cor…
Beta (5Y)Sensitivity to S&P 5002.42x2.28x1.72x1.68x
52-Week HighHighest price in past year$14.64$34.03$366.50$155.82
52-Week LowLowest price in past year$4.07$19.90$229.20$58.09
% of 52W HighCurrent price vs 52-week peak+63.9%+77.5%+75.1%+67.1%
RSI (14)Momentum oscillator 0–10071.150.854.739.5
Avg Volume (50D)Average daily shares traded223K27.2M2.6M504K
Evenly matched — CCL and IPGP each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — RCL and IPGP each lead in 1 of 1 comparable metric.

Analyst consensus: DMRC as "Buy", CCL as "Buy", RCL as "Buy", IPGP as "Buy". Consensus price targets imply 156.4% upside for DMRC (target: $24) vs 28.5% for RCL (target: $354). RCL is the only dividend payer here at 0.35% yield — a key consideration for income-focused portfolios.

MetricDMRC logoDMRCDigimarc Corporat…CCL logoCCLCarnival Corporat…RCL logoRCLRoyal Caribbean C…IPGP logoIPGPIPG Photonics Cor…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$24.00$36.17$353.67$141.25
# AnalystsCovering analysts8475127
Dividend YieldAnnual dividend ÷ price+0.4%
Dividend StreakConsecutive years of raises0011
Dividend / ShareAnnual DPS$0.97
Buyback YieldShare repurchases ÷ mkt cap+1.4%0.0%+1.6%+1.2%
Evenly matched — RCL and IPGP each lead in 1 of 1 comparable metric.
Key Takeaway

RCL leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). CCL leads in 1 (Valuation Metrics). 3 tied.

Best OverallRoyal Caribbean Cruises Ltd. (RCL)Leads 2 of 6 categories
Loading custom metrics...

DMRC vs CCL vs RCL vs IPGP: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is DMRC or CCL or RCL or IPGP a better buy right now?

For growth investors, Royal Caribbean Cruises Ltd.

(RCL) is the stronger pick with 8. 8% revenue growth year-over-year, versus -11. 7% for Digimarc Corporation (DMRC). Carnival Corporation & plc (CCL) offers the better valuation at 13. 1x trailing P/E (12. 0x forward), making it the more compelling value choice. Analysts rate Digimarc Corporation (DMRC) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — DMRC or CCL or RCL or IPGP?

On trailing P/E, Carnival Corporation & plc (CCL) is the cheapest at 13.

1x versus IPG Photonics Corporation at 143. 1x. On forward P/E, Carnival Corporation & plc is actually cheaper at 12. 0x.

03

Which is the better long-term investment — DMRC or CCL or RCL or IPGP?

Over the past 5 years, Royal Caribbean Cruises Ltd.

(RCL) delivered a total return of +235. 0%, compared to -67. 4% for Digimarc Corporation (DMRC). Over 10 years, the gap is even starker: RCL returned +284. 3% versus DMRC's -67. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — DMRC or CCL or RCL or IPGP?

By beta (market sensitivity over 5 years), IPG Photonics Corporation (IPGP) is the lower-risk stock at 1.

68β versus Digimarc Corporation's 2. 42β — meaning DMRC is approximately 44% more volatile than IPGP relative to the S&P 500. On balance sheet safety, Digimarc Corporation (DMRC) carries a lower debt/equity ratio of 11% versus 2% for Carnival Corporation & plc — giving it more financial flexibility in a downturn.

05

Which is growing faster — DMRC or CCL or RCL or IPGP?

By revenue growth (latest reported year), Royal Caribbean Cruises Ltd.

(RCL) is pulling ahead at 8. 8% versus -11. 7% for Digimarc Corporation (DMRC). On earnings-per-share growth, the picture is similar: IPG Photonics Corporation grew EPS 117. 8% year-over-year, compared to 18. 6% for Digimarc Corporation. Over a 3-year CAGR, CCL leads at 29. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — DMRC or CCL or RCL or IPGP?

Royal Caribbean Cruises Ltd.

(RCL) is the more profitable company, earning 23. 8% net margin versus -95. 3% for Digimarc Corporation — meaning it keeps 23. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RCL leads at 27. 4% versus -94. 4% for DMRC. At the gross margin level — before operating expenses — DMRC leads at 61. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is DMRC or CCL or RCL or IPGP more undervalued right now?

On forward earnings alone, Carnival Corporation & plc (CCL) trades at 12.

0x forward P/E versus 78. 1x for IPG Photonics Corporation — 66. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DMRC: 156. 4% to $24. 00.

08

Which pays a better dividend — DMRC or CCL or RCL or IPGP?

In this comparison, RCL (0.

4% yield) pays a dividend. DMRC, CCL, IPGP do not pay a meaningful dividend and should not be held primarily for income.

09

Is DMRC or CCL or RCL or IPGP better for a retirement portfolio?

For long-horizon retirement investors, Royal Caribbean Cruises Ltd.

(RCL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+284. 3% 10Y return). Digimarc Corporation (DMRC) carries a higher beta of 2. 42 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RCL: +284. 3%, DMRC: -67. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between DMRC and CCL and RCL and IPGP?

These companies operate in different sectors (DMRC (Technology) and CCL (Consumer Cyclical) and RCL (Consumer Cyclical) and IPGP (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: DMRC is a small-cap quality compounder stock; CCL is a mid-cap deep-value stock; RCL is a mid-cap deep-value stock; IPGP is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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DMRC

Quality Business

  • Sector: Technology
  • Market Cap > $100B
  • Gross Margin > 36%
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CCL

Steady Growth Compounder

  • Sector: Consumer Cyclical
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 6%
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RCL

Quality Mega-Cap Compounder

  • Sector: Consumer Cyclical
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 14%
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IPGP

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Gross Margin > 22%
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Beat Both

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Revenue Growth>
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(DMRC: 2.9% · CCL: 6.6%)

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