Cadeler A/S vs Frontline plc, two Marine Shipping stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both own steel that floats, but the cargoes differ: Cadeler installs offshore-wind turbines while Frontline hauls crude oil. Margins favor Cadeler at 45.17% net against Frontline's 19.23%, and both earn solid returns on equity, 18.63% for Cadeler and 15.09% for Frontline. The split is in cash and payout. Frontline yields 8.47% in free cash and trades at 20.89 times earnings; Cadeler is deep in a newbuild program, so its free-cash-flow yield is negative 12.34% even as it carries no debt. Cadeler trades richer on book, 4.54 times against Frontline's 3.15 times. One returns tanker cash today, the other is building capacity for an energy transition that hasn't fully paid off yet.
Comparison updated 2026-07-11.
| Metric | CDLR | FRO |
|---|---|---|
| Price | $22.46 | $38.11 |
| Market cap | $7.9B | $8.5B |
| Sector | Marine Shipping | Marine Shipping |
| Stage | Growth | Growth |
| Implied growth (priced in) | +14.7% | — |
| P/E | 25.8 | 22.4 |
| P/B | 4.82 | 3.38 |
| P/S | 11.67 | 4.30 |
| EV/EBITDA | 22.1 | 13.8 |
| Revenue growth | +88.8% | +31.9% |
| Gross margin | 61.8% | — |
| Operating margin | 51.2% | 30.4% |
| Net margin | 45.2% | 19.2% |
| Return on equity | 18.6% | 15.1% |
| Return on assets | 8.2% | 6.6% |
| Return on invested capital | 20.6% | 23.5% |
| FCF yield | -11.6% | 7.9% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.11 | 1.43 |
| Altman Z (solvency) | 2.91 | 2.47 |
| Piotroski F (quality) | 8 / 9 | 6 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.