Cadeler A/S vs International Seaways, Inc., two Marine Shipping stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Turbine-installation vessels versus crude and product tankers, so the demand drivers have nothing in common. On profitability both look strong: Cadeler posts a 45.17% net margin and International Seaways an even higher 55.39%, while returns on equity run 18.63% and 24.88%. The contrast is cash and price. Seaways yields 11.43% in free cash, pays 3.69%, and trades at just 7.23 times earnings and 1.80 times book. Cadeler, mid-newbuild, carries a negative 12.34% free-cash-flow yield and trades at 24.32 times earnings and 4.54 times book. Both run clean or light balance sheets. Seaways is priced as a cheap cash-returning tanker; Cadeler is priced for the growth its capex is meant to buy.
Comparison updated 2026-07-11.
| Metric | CDLR | INSW |
|---|---|---|
| Price | $22.46 | $88.36 |
| Market cap | $7.9B | $4.4B |
| Sector | Marine Shipping | Marine Shipping |
| Stage | Growth | Growth |
| Implied growth (priced in) | +14.7% | -2.3% |
| P/E | 25.8 | 8.1 |
| P/B | 4.82 | 2.00 |
| P/S | 11.67 | 4.46 |
| EV/EBITDA | 22.1 | 6.6 |
| Revenue growth | +88.8% | +19.6% |
| Gross margin | 61.8% | — |
| Operating margin | 51.2% | 88.7% |
| Net margin | 45.2% | 55.4% |
| Return on equity | 18.6% | 24.9% |
| Return on assets | 8.2% | 19.0% |
| Return on invested capital | 20.6% | 16.1% |
| FCF yield | -11.6% | 10.3% |
| Dividend yield | — | 3.3% |
| Debt / equity | 0.00 | 0.29 |
| Current ratio | 1.11 | 7.34 |
| Altman Z (solvency) | 2.91 | 5.15 |
| Piotroski F (quality) | 8 / 9 | 6 / 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.