With EXPE Up 19% in a Month, Is It Time to Compare It Against CCL?
Carnival (CCL) offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Expedia (EXPE), suggesting you may be better off investing in CCL
- CCL’s quarterly revenue growth was 9.5%, vs. EXPE’s 6.4%.
- In addition, its Last 12 Months revenue growth came in at 10.8%, ahead of EXPE’s 5.7%.
- CCL’s LTM margin is higher: 16.2% vs. EXPE’s 12.1%.
EXPE operates as a global online travel company with retail, B2B, and trivago segments, offering services through brands like Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, and CheapTickets. CCL operates leisure cruise travel to around 700 ports globally through multiple brands, serving markets in the US, Canada, Europe, Australia, New Zealand, Asia, and beyond.
Valuation & Performance Overview
| EXPE | CCL | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 15.8 | 9.7 | CCL |
| Revenue Growth | |||
| Last Quarter | 6.4% | 9.5% | CCL |
| Last 12 Months | 5.7% | 10.8% | CCL |
| Last 3 Year Average | 9.6% | 81.1% | CCL |
| Operating Margins | |||
| Last 12 Months | 12.1% | 16.2% | CCL |
| Last 3 Year Average | 11.6% | 6.7% | EXPE |
| Momentum | |||
| Last 3 Year Return | 109.1% | 232.6% | CCL |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: EXPE Revenue Comparison | CCL Revenue Comparison
See more margin details: EXPE Operating Income Comparison | CCL Operating Income Comparison
But do these numbers tell the full story? Read Buy or Sell CCL Stock to see if Carnival’s edge holds up under the hood or if Expedia still has cards to play (see Buy or Sell EXPE Stock).
That is one way to look at stocks. Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risk while giving upside exposure
Historical Market Performance
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| EXPE Return | 23% | 36% | -52% | 73% | 23% | 15% | 101% | <=== | |
| CCL Return | -57% | -7% | -60% | 130% | 34% | 25% | -37% | ||
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 9% | 100% | ||
| Monthly Win Rates [3] | |||||||||
| EXPE Win Rate | 67% | 58% | 33% | 50% | 67% | 57% | 55% | ||
| CCL Win Rate | 42% | 50% | 42% | 50% | 50% | 57% | 48% | ||
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 57% | 62% | <=== | |
| Max Drawdowns [4] | |||||||||
| EXPE Max Drawdown | -58% | -7% | -54% | 0% | -28% | -27% | -29% | ||
| CCL Max Drawdown | -84% | -24% | -68% | -1% | -25% | -34% | -40% | ||
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | -12% | <=== | |
[1] Cumulative total returns since the beginning of 2020
[2] 2025 data is for the year up to 9/2/2025 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read CCL Dip Buyer Analyses and EXPE Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.