Carnival Corporation Ltd. CCL SPX

Consumer Cyclical · Travel Services · United States

https://www.carnivalcorp.com

Carnival Corporation Ltd., a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation Ltd. was founded in 1972 and is headquartered in Miami, Florida.

Market & Price

Market Cap

$38.87B

Current Price

$28.06

High / Low (52W)

$33.63 / $22.17

Beta

2.33

Valuation

Stock P/E

12.36

Industry PE

22.37

Forward P/E

10.79

PEG Ratio

1.08

Book Value

$9.41

Price to Book

2.98

P/S

1.44

EV/EBITDA

8.83

Dividend Yield

1.07%

Profitability & Returns

ROCE

10.68%

ROE

27.85%

ROA

5.52%

Profit Margin

11.48%

Op Margin

9.83%

EPS (Latest Qtr)

$0.19

EPS (TTM)

$2.27

Balance Sheet & Liquidity

Debt/Equity

2.04

Quick Ratio

0.17

Current Ratio

0.30

Debt

$26.61B

Total Assets

$51.69B

Current Assets

$4.22B

Working Capital

$-8.87B

Ownership

Promoter Holding

0.26%

Chg in Prom Hold

FII / Inst Holding

73.22%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$64.07B

Total Revenue (TTM)

$26.98B

EBITDA

$7.26B

Free Cash Flow

$2.17B

Operating Cash Flow

$6.56B

Shares Outstanding

1.24B

Gross Margin

55.97%

Payout Ratio

6.61%

Growth (CAGR)

Revenue 5Y

29.81%

Profit 5Y

48.43%

Revenue (YoY)

6.10%

Earnings (YoY)

PROS

Strong return on equity of 27.9%.
Compounding revenue at 29.8% over 5 years.
Profit CAGR of 48.4% over 5 years.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	CCL Carnival Corporation Ltd. SPX	28.06	12.36	$38.87B	1.07%	10.68%	27.85%	29.81%	48.43%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Aug 2013	Feb 2014	May 2014	Aug 2014	Feb 2015	May 2015	Aug 2015	Feb 2016	May 2016	Aug 2016	Feb 2017	May 2017	Aug 2017	Feb 2018	May 2018	Aug 2018	Feb 2019	May 2019	Aug 2019	Feb 2020	May 2020	Aug 2020	Feb 2021	May 2021	Aug 2021	Feb 2022	May 2022	Aug 2022	Feb 2023	May 2023	Aug 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	4.23B	4.36B	5.84B	4.67B	4.84B	6.53B	4.79B	740.00M	31.00M	26.00M	50.00M	546.00M	1.62B	2.40B	4.30B	4.43B	4.91B	6.85B	5.41B	5.78B	-	-	5.81B	6.33B	8.15B	6.33B	6.17B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.77B	3.89B	4.38B	3.91B	3.94B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.04B	2.44B	3.77B	2.42B	2.23B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.50B	1.51B	1.50B	1.69B	1.62B
Operating Income	951.00M	67.00M	147.00M	1.29B	266.00M	289.00M	1.51B	434.00M	478.00M	1.56B	368.00M	500.00M	1.39B	419.00M	559.00M	1.79B	386.00M	515.00M	1.89B	-713.00M	-4.18B	-2.33B	-1.52B	-1.62B	-2.06B	-1.49B	-1.47B	-279.00M	-172.00M	120.00M	1.62B	276.00M	560.00M	-	-	542.00M	934.00M	2.27B	735.00M	606.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	963.00M	1.61B	2.89B	1.45B	1.27B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	377.00M	341.00M	317.00M	315.00M	291.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-68.00M	582.00M	1.86B	404.00M	280.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.00M	17.00M	6.00M	-18.00M	17.00M
Net Income	934.00M	-20.00M	98.00M	1.24B	49.00M	222.00M	1.22B	142.00M	605.00M	1.42B	352.00M	379.00M	1.33B	391.00M	561.00M	1.71B	336.00M	451.00M	1.78B	-781.00M	-4.37B	-2.86B	-1.97B	-2.07B	-2.84B	-1.89B	-1.83B	-770.00M	-693.00M	-407.00M	1.07B	-214.00M	92.00M	-	-	-78.00M	565.00M	1.85B	422.00M	258.00M
Diluted EPS	1.20	-0.03	0.13	1.60	0.06	0.29	1.56	0.18	0.80	1.93	0.48	0.52	1.83	0.54	0.78	2.41	0.48	0.65	2.58	-1.14	-6.07	-3.69	-1.80	-1.83	-2.50	-1.66	-1.61	-0.65	-0.55	-0.32	0.79	-0.17	0.07	-	-	-0.06	0.42	1.33	0.31	0.19

Profit & Loss (Annual)

Figures in USD.

Metric	Nov 2007	Nov 2008	Nov 2009	Nov 2010	Nov 2011	Nov 2012	Nov 2013	Nov 2014	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024	Nov 2025
Revenue	-	-	-	-	-	-	-	-	-	-	17.51B	18.88B	20.82B	5.59B	-	12.17B	21.59B	25.02B	26.62B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.76B	14.32B	15.64B	15.95B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	412.00M	7.28B	9.38B	10.67B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.79B	5.32B	5.81B	6.19B
Operating Income	2.73B	2.73B	2.15B	2.35B	2.25B	1.64B	1.33B	1.77B	2.57B	3.07B	2.81B	3.33B	3.28B	-8.87B	-	-4.38B	1.96B	3.57B	4.48B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.20B	4.37B	6.23B	6.91B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.61B	2.07B	1.75B	1.35B
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.08B	-62.00M	1.92B	2.77B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.00M	13.00M	-1.00M	12.00M
Net Income	2.41B	2.32B	1.79B	1.98B	1.91B	1.30B	1.05B	1.22B	1.76B	2.78B	2.61B	3.15B	2.99B	-10.24B	-	-6.09B	-74.00M	1.92B	2.76B
Diluted EPS	2.95	2.90	2.24	2.47	2.42	1.67	1.36	1.56	2.26	3.72	3.59	4.44	4.32	-13.20	-	-5.16	-0.06	1.44	2.02

Compounded Sales Growth

5 Years:	29.81%
1 Year:	6.10%

Compounded Profit Growth

5 Years:	48.43%
1 Year:	-

Stock Price Performance

1 Year:	+22.15%
6 Months:	+10.27%
3 Months:	-10.52%
1 Month:	+10.37%

Balance Sheet (Annual)

Figures in USD.

Metric	Nov 2006	Nov 2007	Nov 2008	Nov 2009	Nov 2010	Nov 2011	Nov 2012	Nov 2013	Nov 2014	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024	Nov 2025
Total Assets	-	-	33.40B	36.84B	37.49B	38.64B	39.16B	40.04B	39.45B	39.24B	38.88B	40.78B	42.40B	45.06B	53.59B	-	51.70B	49.12B	49.06B	51.69B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.49B	5.27B	3.38B	4.22B
Cash & Equivalents	1.16B	943.00M	650.00M	538.00M	429.00M	450.00M	465.00M	462.00M	331.00M	1.40B	603.00M	395.00M	982.00M	518.00M	9.51B	-	4.03B	2.42B	1.21B	1.93B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	428.00M	528.00M	507.00M	505.00M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	395.00M	556.00M	590.00M	678.00M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44.64B	42.24B	39.80B	39.40B
Current Liabilities	-	-	5.78B	4.97B	5.75B	6.11B	7.34B	6.72B	6.92B	6.96B	7.07B	8.80B	9.20B	9.13B	8.69B	-	10.61B	11.48B	11.62B	13.09B
Long Term Debt	-	-	7.74B	9.10B	8.01B	8.05B	7.17B	8.09B	7.36B	7.41B	8.30B	6.99B	7.90B	9.68B	22.13B	-	31.95B	28.48B	25.94B	24.04B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35.88B	31.89B	28.88B	27.99B
Total Equity	18.21B	20.02B	19.14B	22.04B	23.03B	23.83B	23.89B	24.49B	24.20B	23.77B	22.60B	24.22B	24.44B	25.36B	20.55B	-	7.06B	6.88B	9.25B	12.28B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.39B	1.39B	1.44B	1.44B

Cash Flows (Annual)

Figures in USD.

Metric	Nov 2007	Nov 2008	Nov 2009	Nov 2010	Nov 2011	Nov 2012	Nov 2013	Nov 2014	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024	Nov 2025
Operating Cash Flow	4.07B	3.39B	3.34B	3.82B	3.77B	3.00B	2.83B	3.43B	4.54B	5.13B	5.32B	5.55B	5.47B	-6.30B	-	-1.67B	4.28B	5.92B	6.22B
Investing Cash Flow	-3.75B	-3.25B	-3.38B	-3.50B	-2.65B	-1.77B	-2.06B	-2.51B	-2.48B	-3.32B	-3.12B	-3.51B	-5.28B	-3.24B	-	-4.77B	-2.81B	-4.54B	-3.32B
Financing Cash Flow	-604.00M	-315.00M	-93.00M	-404.00M	-1.09B	-1.19B	-780.00M	-1.03B	-942.00M	-2.59B	-2.45B	-1.46B	-655.00M	18.65B	-	3.58B	-5.09B	-2.58B	-2.19B
Capital Expenditure	-3.31B	-3.35B	-3.38B	-3.58B	-2.70B	-2.33B	-2.15B	-2.58B	-2.29B	-3.06B	-2.94B	-3.75B	-5.43B	-3.62B	-	-4.94B	-3.28B	-4.63B	-3.61B
Free Cash Flow	757.00M	38.00M	-38.00M	239.00M	1.07B	667.00M	685.00M	847.00M	2.25B	2.07B	2.38B	1.80B	46.00M	-9.92B	-	-6.61B	997.00M	1.30B	2.61B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.86B	-3.62B	-1.20B	708.00M
Share Buybacks	326.00M	98.00M	188.00M	524.00M	454.00M	90.00M	138.00M	0	533.00M	2.34B	552.00M	1.47B	603.00M	12.00M	0	0	-	-	-
Dividends Paid	990.00M	1.26B	314.00M	237.00M	671.00M	779.00M	1.16B	776.00M	816.00M	977.00M	1.09B	1.35B	1.39B	689.00M	0	0	-	-	-

Ratios (Annual)

Figures in %.

Metric	Nov 2007	Nov 2008	Nov 2009	Nov 2010	Nov 2011	Nov 2012	Nov 2013	Nov 2014	Nov 2015	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024	Nov 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.4%	33.7%	37.5%	40.1%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	16.0%	17.6%	15.7%	-158.4%	-	-36.0%	9.1%	14.3%	16.8%
Net Margin %	-	-	-	-	-	-	-	-	-	-	14.9%	16.7%	14.4%	-182.9%	-	-50.1%	-0.3%	7.7%	10.4%
ROE %	12.0%	12.1%	8.1%	8.6%	8.0%	5.4%	4.3%	5.0%	7.4%	12.3%	10.8%	12.9%	11.8%	-49.8%	-	-86.3%	-1.1%	20.7%	22.5%
ROCE %	-	9.9%	6.8%	7.4%	6.9%	5.2%	4.0%	5.4%	8.0%	9.7%	8.8%	10.0%	9.1%	-19.7%	-	-10.7%	5.2%	9.5%	11.6%

Shareholding Pattern

Insiders

0.26%

Institutions

73.22%

Public Float

73.42%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.26%	89.98M	$2.52B
2	Vanguard Capital Management LLC	5.93%	73.47M	$2.06B
3	Vanguard Portfolio Management LLC	4.42%	54.78M	$1.54B
4	State Street Corporation	4.05%	50.24M	$1.41B
5	Causeway Capital Management LLC	2.99%	37.10M	$1.04B
6	Geode Capital Management, LLC	2.63%	32.57M	$913.89M
7	Barrow, Hanley Mewhinney & Strauss, LLC	2.39%	29.63M	$831.50M
8	FMR, LLC	1.82%	22.53M	$632.20M
9	JPMORGAN CHASE & CO	1.60%	19.81M	$555.92M
10	Dimensional Fund Advisors LP	1.28%	15.90M	$446.27M

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CCL · Consumer Cyclical