Cadeler A/S vs Scorpio Tankers Inc., two Marine Shipping stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both build and run ships, but Cadeler plants offshore-wind turbines while Scorpio moves refined products. Margins favor Cadeler, 45.17% net against 36.7%, and both carry no debt, a rare clean pairing in shipping. The divergence is in cash and value. Scorpio trades near book at 1.06 times and 9.8 times earnings, a cheap tanker in a good rate window; Cadeler trades at 4.54 times book and 24.32 times earnings, priced for its growth. Neither is generating free cash today: Scorpio's yield is slightly negative at -0.6% amid fleet renewal, Cadeler's deeply negative at -12.34% amid its newbuild program. Same debt-free discipline, very different market expectations.
Comparison updated 2026-07-11.
| Metric | CDLR | STNG |
|---|---|---|
| Price | $22.46 | $79.34 |
| Market cap | $7.9B | $3.7B |
| Sector | Marine Shipping | Marine Shipping |
| Stage | Growth | Growth |
| Implied growth (priced in) | +14.7% | — |
| P/E | 25.8 | 10.7 |
| P/B | 4.82 | 1.15 |
| P/S | 11.67 | 3.94 |
| EV/EBITDA | 22.1 | 8.3 |
| Revenue growth | +88.8% | +35.8% |
| Gross margin | 61.8% | — |
| Operating margin | 51.2% | 37.9% |
| Net margin | 45.2% | 36.7% |
| Return on equity | 18.6% | 10.8% |
| Return on assets | 8.2% | 8.8% |
| Return on invested capital | 20.6% | 8.8% |
| FCF yield | -11.6% | -2.2% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.11 | 9.33 |
| Altman Z (solvency) | 2.91 | 4.44 |
| 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.