Carnival Corporation Ltd. vs ZIM INTEGRATED SHIPPING SERVICES LTD., two Marine Shipping stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
One books cruise vacations, the other moves shipping containers on ocean liners, and ZIM sits deep in a container cycle that swings hard. On the surface ZIM looks cheap, 6.43 times earnings and 0.77 times book, below the value of its own equity, while Carnival trades at 12.96 times earnings and 3.10 times book. ZIM's free-cash-flow yield of 18.64% dwarfs Carnival's 7.94%, but container earnings can evaporate in a soft freight year, which is what the sub-book price is telling you. Carnival carries the recovery risk of filling ships and paying down debt; it returns 6.72% in dividends where ZIM's payout swings with the cycle. Different seas, different risks.
Comparison updated 2026-07-11.
| Metric | CCL | ZIM |
|---|---|---|
| Price | $26.82 | $23.98 |
| Market cap | $37.2B | $2.9B |
| Sector | Marine Shipping | Marine Shipping |
| Stage | Mature | Mature |
| Implied growth (priced in) | +15.6% | — |
| P/E | 12.0 | 6.0 |
| P/B | 2.87 | 0.72 |
| P/S | 1.36 | 0.42 |
| EV/EBITDA | 8.5 | 0.8 |
| Revenue growth | +5.3% | +0.8% |
| Gross margin | — | 19.1% |
| Operating margin | 12.8% | 14.7% |
| Net margin | 11.2% | 7.0% |
| Return on equity | 23.6% | 12.0% |
| Return on assets | 5.9% | 4.4% |
| Return on invested capital | 10.8% | 18.4% |
| FCF yield | 8.6% | 79.6% |
| Dividend yield | 7.3% | — |
| Debt / equity | 2.08 | 0.00 |
| Current ratio | 0.33 | 1.23 |
| Altman Z (solvency) | 6.51 | 1.48 |
| Piotroski F (quality) | 8 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.