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Side-by-side financial comparison of Molson Coors Beverage Company (TAP) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Viking Holdings Ltd is the larger business by last-quarter revenue ($4.0B vs $2.7B, roughly 1.5× Molson Coors Beverage Company). Viking Holdings Ltd runs the higher net margin — 12.9% vs 5.5%, a 7.4% gap on every dollar of revenue.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
TAP vs VIK — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $4.0B |
| Net Profit | $150.1M | $514.0M |
| Gross Margin | 33.0% | 73.4% |
| Operating Margin | — | 15.2% |
| Net Margin | 5.5% | 12.9% |
| Revenue YoY | 2.0% | — |
| Net Profit YoY | 25.0% | 35.4% |
| EPS (diluted) | $0.80 | $1.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $2.7B | $718.2M | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.6B | $3.6B | ||
| Q2 24 | $3.8B | $2.1B |
| Q1 26 | $150.1M | — | ||
| Q4 25 | $238.3M | — | ||
| Q3 25 | $-2.9B | $514.0M | ||
| Q2 25 | $428.7M | $439.2M | ||
| Q1 25 | $121.0M | $-105.5M | ||
| Q4 24 | $287.8M | — | ||
| Q3 24 | $199.8M | $379.7M | ||
| Q2 24 | $427.0M | $159.8M |
| Q1 26 | 33.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 33.7% | 73.4% | ||
| Q2 25 | 34.3% | 55.7% | ||
| Q1 25 | 31.6% | 17.3% | ||
| Q4 24 | 32.0% | — | ||
| Q3 24 | 33.4% | 74.7% | ||
| Q2 24 | 34.6% | 57.8% |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | — | ||
| Q3 25 | -98.5% | 15.2% | ||
| Q2 25 | 15.6% | 23.7% | ||
| Q1 25 | 6.9% | -1.3% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 12.5% | 13.6% | ||
| Q2 24 | 15.6% | 20.5% |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | -84.0% | 12.9% | ||
| Q2 25 | 11.5% | 19.1% | ||
| Q1 25 | 4.5% | -14.7% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 5.5% | 10.6% | ||
| Q2 24 | 11.1% | 7.7% |
| Q1 26 | $0.80 | — | ||
| Q4 25 | $1.32 | — | ||
| Q3 25 | $-14.79 | $1.15 | ||
| Q2 25 | $2.13 | $0.99 | ||
| Q1 25 | $0.59 | $-0.24 | ||
| Q4 24 | $1.39 | — | ||
| Q3 24 | $0.96 | $0.87 | ||
| Q2 24 | $2.03 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $382.6M | $3.0B |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $10.3B | $803.5M |
| Total Assets | $22.4B | $11.5B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $382.6M | — | ||
| Q4 25 | $896.5M | — | ||
| Q3 25 | $950.2M | $3.0B | ||
| Q2 25 | $613.8M | $2.6B | ||
| Q1 25 | $412.7M | $2.8B | ||
| Q4 24 | $969.3M | — | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $1.6B | $1.8B |
| Q1 26 | $3.8B | — | ||
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $7.0B | — |
| Q1 26 | $10.3B | — | ||
| Q4 25 | $10.2B | — | ||
| Q3 25 | $10.3B | $803.5M | ||
| Q2 25 | $13.4B | $278.3M | ||
| Q1 25 | $13.1B | $-267.5M | ||
| Q4 24 | $13.1B | — | ||
| Q3 24 | $13.3B | $-688.9M | ||
| Q2 24 | $13.2B | $-1.1B |
| Q1 26 | $22.4B | — | ||
| Q4 25 | $22.7B | — | ||
| Q3 25 | $22.9B | $11.5B | ||
| Q2 25 | $26.8B | $11.1B | ||
| Q1 25 | $25.9B | $10.7B | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.6B | — | ||
| Q2 24 | $27.4B | — |
| Q1 26 | 0.38× | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.53× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $663.9M |
| Free Cash FlowOCF − Capex | $-212.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | — | ||
| Q3 25 | $616.1M | $663.9M | ||
| Q2 25 | $718.3M | $470.7M | ||
| Q1 25 | $-90.7M | $587.9M | ||
| Q4 24 | $494.5M | — | ||
| Q3 24 | $521.2M | $828.7M | ||
| Q2 24 | $869.2M | $419.8M |
| Q1 26 | $-212.9M | — | ||
| Q4 25 | $357.8M | — | ||
| Q3 25 | $483.0M | — | ||
| Q2 25 | $555.0M | — | ||
| Q1 25 | $-328.0M | — | ||
| Q4 24 | $383.4M | — | ||
| Q3 24 | $350.4M | — | ||
| Q2 24 | $691.7M | — |
| Q1 26 | -7.8% | — | ||
| Q4 25 | 11.4% | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | -12.2% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 18.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 4.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.27× | — | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | 1.68× | 1.07× | ||
| Q1 25 | -0.75× | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | 2.61× | 2.18× | ||
| Q2 24 | 2.04× | 2.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
