Water Transportation CEO pay ratio
SEC EDGAR DEF 14A benchmarks for SIC 44. Highest in-industry ratio on this page: Carnival Corp Ltd. at 1,063:1.
- Median pay ratio
- 530:1
- Average pay ratio
- 566:1
- Median CEO pay
- $13.8M
- Companies tracked
- 3
Data updated August 2026
Answer first
Water Transportation sits at #3 of 63 SIC-2 industries by median CEO-to-worker pay ratio and #7 of 63 by median CEO pay - ratio rank is not dollar rank (3 FY2025 filers, median 530:1 / $13.8M).
Placement uses the same latest-fiscal-year-per-SIC medians as the Industries directory. Median-ratio rank #3 of 63 is not median-CEO-pay rank #7 of 63. Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. Inside this SIC, Carnival Corp Ltd. currently leads the in-page company list at 1,063:1.
- Median ratio
- 530:1
- #3 of 63 SIC-2 industries
- Median CEO pay
- $13.8M
- #7 of 63 by median dollars
- Filers
- 3
- FY2025 SIC 44
Ratio bands inside Water Transportation
Exclusive CEO-to-median-worker bands across 3 complete FY2025 filings in SIC 44. Segments sum to the in-industry set, not the leader bars below.
Water Transportation vs all SIC-2 industries
Unique-issuer pay ratios in this SIC as bars , plus live COUNT placement #3 of 63 industries by median CEO-to-worker pay ratio (97th percentile) . Corpus complete-filing median is 87:1; this industry's median is 530:1.
Filing-year trail · SIC 44
Same SIC-2 industry_benchmarks extract across FY2021–2025: median CEO-to-worker pay ratio, median CEO dollars, and filer count per fiscal year. Year-over-year deltas compare adjacent filing years only; they are not inflation-adjusted and do not invent missing years.
- Latest median ratio
- 530:1
- FY2025
- vs prior FY
- +406:1
- from FY2024 124:1
- Median CEO $ YoY
- +96%
- $13.8M latest
- Filer count YoY
- -2
- 3 in FY2025
| FY | Median ratio | Δ ratio | Median CEO pay | Δ pay | Filers |
|---|---|---|---|---|---|
| 2021 | 1,018:1 | - | $15.1M | - | 5 |
| 2022 | 629:1 | -389:1 | $9.4M | -38% | 4 |
| 2023 | 380:1 | -249:1 | $8.9M | -5.6% | 5 |
| 2024 | 124:1 | -256:1 | $7.0M | -21% | 5 |
| 2025 | 530:1 | +406:1 | $13.8M | +96% | 3 |
Source: PlainCEOPay industry_benchmarks for SIC 44 (Water Transportation), FY2021–2025. Each row is one fiscal-year cohort median, not a company-level panel.
Thin industry filer count
Water Transportation in the higher-ratio third
3 FY2025 DEF 14A filers put Water Transportation in the lightest third of SIC-2 volumes. Water Transportation (SIC 44) posts a higher-third median CEO-to-worker pay ratio of 530:1 across 3 FY2025 SEC filers.
Inside this hotter-ratio band, the 25th percentile CEO earned $9.7M while the 75th earned $16.3M - firm size and equity packages still drive wide spreads. When the average (566:1) and median (530:1) stay close, pay practices look more uniform across the sector.
Below: each of the 6 Water Transportation companies PlainCEOPay tracks in this SIC , with CEO total compensation, median worker pay, and pay ratios. Company pages compare each filing to this industry median. Figures are from SEC EDGAR filings - not estimates.
According to the U.S. Securities and Exchange Commission's EDGAR database, PlainCEOPay's August 2026 refresh processed 2,456 public companies with 1,423 complete FY2025 DEF 14A proxy filings (fiscal years 2021 through 2025) under Item 402(u) of Regulation S-K. See our methodology for parsing rules.
Companies in Water Transportation (6 )
| # | Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| 1 | Carnival Corp Ltd. SEC EDGAR DEF 14A, CIK 815097 | $18.9M | $18K | 1,063:1 | 2025 |
| 2 | Royal Caribbean Cruises Ltd Latest filing FY2023 SEC EDGAR DEF 14A, CIK 884887 | $17.2M | $18K | 953:1 | 2023 |
| 3 | Norwegian Cruise Line Holdings Ltd. SEC EDGAR DEF 14A, CIK 1513761 | $13.8M | $26K | 530:1 | 2025 |
| 4 | Tidewater Inc SEC EDGAR DEF 14A, CIK 98222 | $5.7M | $54K | 106:1 | 2025 |
| 5 | Kirby Corp Latest filing FY2024 SEC EDGAR DEF 14A, CIK 56047 | $7.0M | $95K | 74:1 | 2024 |
| 6 | SEACOR Marine Holdings Inc. Latest filing FY2024 SEC EDGAR DEF 14A, CIK 1690334 | $3.8M | $56K | 67:1 | 2024 |
Latest filing: 3 of the 6 issuers above have no FY2025 filing on file, so their row shows their newest earlier year (see the FY column). They are ranked here beside FY2025 filers and each carries the marker; the Water Transportation benchmark and the lead figures on this page use FY2025 filers only.
3 FY2025 DEF 14A filers put Water Transportation in the lightest third of SIC-2 volumes. Open Carnival Corp Ltd. for the in-SIC filing next to this median, or compare every SIC on the Industries directory.
Read our methodology - how this data is sourced, computed, and verified.