Cadeler A/S vs Golar LNG Limited, two Marine Shipping stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Cadeler installs offshore-wind turbines; Golar builds and operates floating LNG production. Both are infrastructure-heavy plays on energy, and both spend accordingly. Cadeler's numbers read stronger where they overlap: a 45.17% net margin against Golar's 16.69%, and an 18.63% return on equity next to Golar's thin 3.18%. Cadeler runs debt-free while Golar carries a debt-to-equity ratio of 1.48, a meaningful load for an FLNG operator. On book value they are closer, Cadeler at 4.54 times and Golar at 2.64 times. Cadeler is the cleaner balance sheet spending its own cash on vessels; Golar is the levered bet on floating gas. Neither is throwing off free cash right now.
Comparison updated 2026-07-11.
| Metric | CDLR | GLNG |
|---|---|---|
| Price | $22.46 | $51.23 |
| Market cap | $7.9B | $5.6B |
| Sector | Marine Shipping | Marine Shipping |
| Stage | Growth | Growth |
| Implied growth (priced in) | +14.7% | — |
| P/E | 25.8 | — |
| P/B | 4.82 | 2.71 |
| P/S | 11.67 | 14.25 |
| EV/EBITDA | 22.1 | 50.5 |
| Revenue growth | +88.8% | +13.2% |
| Gross margin | 61.8% | — |
| Operating margin | 51.2% | 25.3% |
| Net margin | 45.2% | 16.7% |
| Return on equity | 18.6% | 3.2% |
| Return on assets | 8.2% | 1.2% |
| Return on invested capital | 20.6% | 1.9% |
| FCF yield | -11.6% | — |
| Debt / equity | 0.00 | 1.48 |
| Current ratio | 1.11 | 2.55 |
| Altman Z (solvency) | 2.91 | 1.32 |
| Piotroski F (quality) | 8 / 9 | 5 / 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.