Cadeler A/S vs Matson, Inc., two Marine Shipping stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Cadeler installs offshore-wind turbines; Matson runs protected Jones-Act container routes across the Pacific plus logistics. Both are specialized, both defend a niche. Cadeler earns much more per dollar, a 45.17% net margin against Matson's 12.92%, and a higher return on equity, 18.63% versus 15.72%. The cash story flips it: Matson yields 3.36% in free cash and pays 0.72%, while Cadeler's newbuild spending drives a negative 12.34% free-cash-flow yield. Matson runs light on debt at 0.14, Cadeler at zero. On price, Cadeler is dearer at 24.32 times earnings and 4.54 times book versus Matson's 14.41 times and 2.18 times. Growth buildout against a steady, moaty logistics operator.
Comparison updated 2026-07-11.
| Metric | CDLR | MATX |
|---|---|---|
| Price | $22.46 | $204.41 |
| Market cap | $7.9B | $6.3B |
| Sector | Marine Shipping | Marine Shipping |
| Stage | Growth | Mature |
| Implied growth (priced in) | +14.7% | +15.5% |
| P/E | 25.8 | 15.2 |
| P/B | 4.82 | 2.29 |
| P/S | 11.67 | 1.88 |
| EV/EBITDA | 22.1 | 13.7 |
| Revenue growth | +88.8% | -4.5% |
| Gross margin | 61.8% | — |
| Operating margin | 51.2% | 8.1% |
| Net margin | 45.2% | 12.9% |
| Return on equity | 18.6% | 15.7% |
| Return on assets | 8.2% | 9.4% |
| Return on invested capital | 20.6% | 12.8% |
| FCF yield | -11.6% | 3.2% |
| Dividend yield | — | 0.7% |
| Debt / equity | 0.00 | 0.14 |
| Current ratio | 1.11 | 0.82 |
| Altman Z (solvency) | 2.91 | 7.49 |
| 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.