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Stock Comparison

LIND vs CCL

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

Live fundamentals10-year financials5-year price chart
LIND
Lindblad Expeditions Holdings, Inc.

Travel Services

Consumer CyclicalNASDAQ • US
Market Cap$1.26B
5Y Perf.+197.3%
CCL
Carnival Corporation & plc

Leisure

Consumer CyclicalNYSE • US
Market Cap$34.70B
5Y Perf.+70.9%

LIND vs CCL — Key Financials

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

Company Snapshot
LIND logoLIND
CCL logoCCL
IndustryTravel ServicesLeisure
Market Cap$1.26B$34.70B
Revenue (TTM)$591M$26.62B
Net Income (TTM)$-24M$2.76B
Gross Margin34.4%37.4%
Operating Margin8.5%16.8%
Forward P/E205.5x12.7x
Total Debt$664M$27.99B
Cash & Equiv.$257M$1.93B

LIND vs CCLLong-Term Stock Performance

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

LIND
CCL
StockJun 20May 26Return
Lindblad Expedition… (LIND)100297.3+197.3%
Carnival Corporatio… (CCL)100170.9+70.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: LIND vs CCL

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

Bottom line: LIND and CCL are tied at the top with 3 categories each — the right choice depends on your priorities. Carnival Corporation & plc is the stronger pick specifically for valuation and capital efficiency and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
LIND
Lindblad Expeditions Holdings, Inc.
The Income Pick

LIND has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 1.88
  • Rev growth 19.6%, EPS growth 6.0%, 3Y rev CAGR 22.3%
  • 129.5% 10Y total return vs CCL's -26.5%
Best for: income & stability and growth exposure
CCL
Carnival Corporation & plc
The Value Play

CCL is the clearest fit if your priority is value and quality.

  • Lower P/E (12.7x vs 205.5x)
  • 10.4% margin vs LIND's -4.1%
  • 5.3% ROA vs LIND's -2.5%, ROIC 8.9% vs 12.4%
Best for: value and quality
See the full category breakdown
CategoryWinnerWhy
GrowthLIND logoLIND19.6% revenue growth vs CCL's 6.4%
ValueCCL logoCCLLower P/E (12.7x vs 205.5x)
Quality / MarginsCCL logoCCL10.4% margin vs LIND's -4.1%
Stability / SafetyLIND logoLINDBeta 1.88 vs CCL's 2.25
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)LIND logoLIND+118.8% vs CCL's +22.5%
Efficiency (ROA)CCL logoCCL5.3% ROA vs LIND's -2.5%, ROIC 8.9% vs 12.4%

LIND vs CCL — Revenue Breakdown by Segment

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

LINDLindblad Expeditions Holdings, Inc.
FY 2025
Lindblad Segment
64.3%$496M
Land-experience
35.7%$275M
CCLCarnival Corporation & plc
FY 2025
Tour And Other
65.4%$17.4B
Cruise
34.6%$9.2B

LIND vs CCL — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLLINDLAGGINGCCL

Income & Cash Flow (Last 12 Months)

CCL leads this category, winning 5 of 5 comparable metrics.

CCL is the larger business by revenue, generating $26.6B annually — 45.0x LIND's $591M. CCL is the more profitable business, keeping 10.4% of every revenue dollar as net income compared to LIND's -4.1%. On growth, CCL holds the edge at +6.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricLIND logoLINDLindblad Expediti…CCL logoCCLCarnival Corporat…
RevenueTrailing 12 months$591M$26.6B
EBITDAEarnings before interest/tax$115M$7.3B
Net IncomeAfter-tax profit-$24M$2.8B
Free Cash FlowCash after capex$41M$2.6B
Gross MarginGross profit ÷ Revenue+34.4%+37.4%
Operating MarginEBIT ÷ Revenue+8.5%+16.8%
Net MarginNet income ÷ Revenue-4.1%+10.4%
FCF MarginFCF ÷ Revenue+6.9%+9.8%
Rev. Growth (YoY)Latest quarter vs prior year-100.0%+6.6%
EPS Growth (YoY)Latest quarter vs prior year+82.4%
CCL leads this category, winning 5 of 5 comparable metrics.

Valuation Metrics

CCL leads this category, winning 4 of 5 comparable metrics.

On an enterprise value basis, CCL's 8.4x EV/EBITDA is more attractive than LIND's 15.4x.

MetricLIND logoLINDLindblad Expediti…CCL logoCCLCarnival Corporat…
Market CapShares × price$1.3B$34.7B
Enterprise ValueMkt cap + debt − cash$1.7B$60.8B
Trailing P/EPrice ÷ TTM EPS-36.43x13.89x
Forward P/EPrice ÷ next-FY EPS est.205.46x12.66x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple15.41x8.36x
Price / SalesMarket cap ÷ Revenue1.64x1.30x
Price / BookPrice ÷ Book value/share3.20x
Price / FCFMarket cap ÷ FCF19.26x13.31x
CCL leads this category, winning 4 of 5 comparable metrics.

Profitability & Efficiency

CCL leads this category, winning 4 of 7 comparable metrics.

On the Piotroski fundamental quality scale (0–9), CCL scores 7/9 vs LIND's 6/9, reflecting strong financial health.

MetricLIND logoLINDLindblad Expediti…CCL logoCCLCarnival Corporat…
ROE (TTM)Return on equity+22.5%
ROA (TTM)Return on assets-2.5%+5.3%
ROICReturn on invested capital+12.4%+8.9%
ROCEReturn on capital employed+9.1%+11.8%
Piotroski ScoreFundamental quality 0–967
Debt / EquityFinancial leverage2.28x
Net DebtTotal debt minus cash$407M$26.1B
Cash & Equiv.Liquid assets$257M$1.9B
Total DebtShort + long-term debt$664M$28.0B
Interest CoverageEBIT ÷ Interest expense0.54x3.09x
CCL leads this category, winning 4 of 7 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in LIND five years ago would be worth $13,374 today (with dividends reinvested), compared to $9,406 for CCL. Over the past 12 months, LIND leads with a +118.8% total return vs CCL's +22.5%. The 3-year compound annual growth rate (CAGR) favors CCL at 35.6% vs LIND's 34.1% — a key indicator of consistent wealth creation.

MetricLIND logoLINDLindblad Expediti…CCL logoCCLCarnival Corporat…
YTD ReturnYear-to-date+58.9%-8.3%
1-Year ReturnPast 12 months+118.8%+22.5%
3-Year ReturnCumulative with dividends+141.1%+149.2%
5-Year ReturnCumulative with dividends+33.7%-5.9%
10-Year ReturnCumulative with dividends+129.5%-26.5%
CAGR (3Y)Annualised 3-year return+34.1%+35.6%
LIND leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

LIND leads this category, winning 2 of 2 comparable metrics.

LIND is the less volatile stock with a 1.88 beta — it tends to amplify market swings less than CCL's 2.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LIND currently trades 96.5% from its 52-week high vs CCL's 82.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricLIND logoLINDLindblad Expediti…CCL logoCCLCarnival Corporat…
Beta (5Y)Sensitivity to S&P 5001.88x2.25x
52-Week HighHighest price in past year$23.78$34.03
52-Week LowLowest price in past year$10.28$22.11
% of 52W HighCurrent price vs 52-week peak+96.5%+82.5%
RSI (14)Momentum oscillator 0–10067.959.2
Avg Volume (50D)Average daily shares traded674K25.8M
LIND leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

LIND leads this category, winning 1 of 1 comparable metric.

Wall Street rates LIND as "Buy" and CCL as "Buy". Consensus price targets imply 28.9% upside for CCL (target: $36) vs 0.2% for LIND (target: $23).

MetricLIND logoLINDLindblad Expediti…CCL logoCCLCarnival Corporat…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$23.00$36.17
# AnalystsCovering analysts1347
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises10
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
LIND leads this category, winning 1 of 1 comparable metric.
Key Takeaway

CCL leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). LIND leads in 3 (Total Returns, Risk & Volatility).

Best OverallLindblad Expeditions Holdin… (LIND)Leads 3 of 6 categories
Loading custom metrics...

LIND vs CCL: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is LIND or CCL a better buy right now?

For growth investors, Lindblad Expeditions Holdings, Inc.

(LIND) is the stronger pick with 19. 6% revenue growth year-over-year, versus 6. 4% for Carnival Corporation & plc (CCL). Carnival Corporation & plc (CCL) offers the better valuation at 13. 9x trailing P/E (12. 7x forward), making it the more compelling value choice. Analysts rate Lindblad Expeditions Holdings, Inc. (LIND) a "Buy" — based on 13 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 — LIND or CCL?

On forward P/E, Carnival Corporation & plc is actually cheaper at 12.

7x.

03

Which is the better long-term investment — LIND or CCL?

Over the past 5 years, Lindblad Expeditions Holdings, Inc.

(LIND) delivered a total return of +33. 7%, compared to -5. 9% for Carnival Corporation & plc (CCL). Over 10 years, the gap is even starker: LIND returned +129. 5% versus CCL's -26. 5%. 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 — LIND or CCL?

By beta (market sensitivity over 5 years), Lindblad Expeditions Holdings, Inc.

(LIND) is the lower-risk stock at 1. 88β versus Carnival Corporation & plc's 2. 25β — meaning CCL is approximately 19% more volatile than LIND relative to the S&P 500.

05

Which is growing faster — LIND or CCL?

By revenue growth (latest reported year), Lindblad Expeditions Holdings, Inc.

(LIND) is pulling ahead at 19. 6% versus 6. 4% for Carnival Corporation & plc (CCL). On earnings-per-share growth, the picture is similar: Carnival Corporation & plc grew EPS 40. 3% year-over-year, compared to 6. 0% for Lindblad Expeditions Holdings, Inc.. 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 — LIND or CCL?

Carnival Corporation & plc (CCL) is the more profitable company, earning 10.

4% net margin versus -3. 9% for Lindblad Expeditions Holdings, Inc. — meaning it keeps 10. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CCL leads at 16. 8% versus 5. 9% for LIND. At the gross margin level — before operating expenses — LIND leads at 37. 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 LIND or CCL more undervalued right now?

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

7x forward P/E versus 205. 5x for Lindblad Expeditions Holdings, Inc. — 192. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CCL: 28. 9% to $36. 17.

08

Which pays a better dividend — LIND or CCL?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

09

Is LIND or CCL better for a retirement portfolio?

For long-horizon retirement investors, Lindblad Expeditions Holdings, Inc.

(LIND) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+129. 5% 10Y return). Carnival Corporation & plc (CCL) carries a higher beta of 2. 25 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LIND: +129. 5%, CCL: -26. 5%), 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 LIND and CCL?

Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: LIND is a small-cap high-growth stock; CCL is a mid-cap deep-value 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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LIND

Quality Business

  • Sector: Consumer Cyclical
  • Market Cap > $100B
  • Gross Margin > 20%
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CCL

Steady Growth Compounder

  • Sector: Consumer Cyclical
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 6%
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(LIND: -100.0% · CCL: 6.6%)

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