Carnival Corp Ltd. (CCL)
Carnival Corporation Ltd., a cruise company, provides leisure travel services. 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.
- Symbol
- CCL
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Travel Services
- Market cap
- $35.11B
- 52 week range
- 21.45 - 34.03
Valuation
- Share price
- $25.76 (close of 2026-10-02)
- P/E (TTM)
- 11.15x
- Price to book
- 2.47x
- Price to free cash flow
- 11.06x
- Enterprise value
- $59.05B
- Book value per share
- $10.42
Price performance
| Period | Change |
|---|---|
| 1 day | +2.75% |
| 5 days | +15.78% |
| 1 month | +8.51% |
| 3 months | -7.70% |
| 6 months | +0.47% |
| Year to date | -15.65% |
| 1 year | -10.71% |
| 3 years | +88.86% |
| 5 years | -1.26% |
| 10 years | -47.23% |
| All time | +553.81% |
Members of Congress who disclosed CCL trades
Jefferson Shreve · Byron Donalds · Alan Armstrong · Susie Lee
Super investors holding CCL
Sarah Ketterer (Causeway Capital Management LLC) · Andreas Halvorsen (Viking Global Investors) · Ken Griffin (Citadel)
Profitability and growth
- Return on equity
- 22.47%
- Return on invested capital
- 11.66%
- Return on assets
- 5.34%
- Return on capital employed
- 11.62%
- Gross margin
- 29.62%
- Net margin
- 10.37%
- EBITDA margin
- 27.32%
- Revenue growth
- 6.40%
- Net income growth
- 44.05%
- Free cash flow growth
- 101.00%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.05%
- Current ratio
- 0.27x
- Net debt to EBITDA
- 3.30x
Latest reported year
- Period end
- 2025-11-30
- Fiscal year
- 2025
- Revenue
- $26.62B
- Cost of revenue
- $18.74B
- Gross profit
- $7.88B
- EBITDA
- $7.27B
- Net income
- $2.76B
- Earnings per share
- $2.10
- Shares outstanding
- 1.31B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-11-30 | $26.62B | $7.88B | $2.76B | $2.10 |
| 2024-11-30 | $25.02B | $9.38B | $1.92B | $1.50 |
| 2023-11-30 | $21.59B | $7.28B | -$74.00M | $-0.06 |
| 2022-11-30 | $12.17B | $411.00M | -$6.09B | $-5.16 |
| 2021-11-30 | $1.91B | -$2.75B | -$9.50B | $-8.46 |
| 2020-11-30 | $5.59B | - | -$10.24B | $-13.20 |
| 2019-11-30 | $20.82B | $7.92B | $2.99B | $4.34 |
| 2018-11-30 | $18.88B | $7.79B | $3.15B | $4.45 |
| 2017-11-30 | $17.51B | $7.01B | $2.61B | $3.61 |
| 2016-11-30 | $16.39B | $7.01B | $2.78B | $3.73 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-11-30 | 29.62% | 10.37% | 22.47% | 11.66% |
| 2024-11-30 | 37.50% | 7.66% | 20.71% | 9.68% |
| 2023-11-30 | 33.70% | -0.34% | -1.08% | 5.82% |
| 2022-11-30 | 3.38% | -50.07% | -86.24% | -12.75% |
| 2021-11-30 | -143.97% | -497.96% | -78.24% | -20.45% |
| 2020-11-30 | - | -182.95% | -49.80% | -24.35% |
| 2019-11-30 | 38.01% | 14.36% | 11.79% | 8.87% |
| 2018-11-30 | 41.27% | 16.69% | 12.90% | 9.93% |
| 2017-11-30 | 40.03% | 14.88% | 10.76% | 8.45% |
| 2016-11-30 | 42.75% | 16.96% | 12.30% | 9.93% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-11-30 | $1.93B | $24.04B |
| 2024-11-30 | $1.21B | $25.94B |
| 2023-11-30 | $5.40B | $28.48B |
| 2022-11-30 | $8.60B | $31.95B |
| 2021-11-30 | $9.40B | $28.51B |
| 2020-11-30 | $9.51B | $22.13B |
| 2019-11-30 | $518.00M | $9.68B |
| 2018-11-30 | $982.00M | $7.90B |
| 2017-11-30 | $395.00M | $6.99B |
| 2016-11-30 | $603.00M | $8.30B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-11-30 | $2.61B | $98.00M |
| 2024-11-30 | $1.30B | $62.00M |
| 2023-11-30 | $997.00M | $53.00M |
| 2022-11-30 | -$6.61B | $101.00M |
| 2021-11-30 | -$7.72B | $121.00M |
| 2020-11-30 | -$9.92B | $105.00M |
| 2019-11-30 | $46.00M | $46.00M |
| 2018-11-30 | $1.80B | $65.00M |
| 2017-11-30 | $2.38B | $63.00M |
| 2016-11-30 | $2.07B | $55.00M |
Dividend history
- Most recent payment
- 2026-08-07
- Paid in the last twelve months
- $0.45
| Payment date | Dividend per share |
|---|---|
| 2026-08-07 | $0.15 |
| 2026-05-18 | $0.15 |
| 2026-02-13 | $0.15 |
| 2020-02-20 | $0.50 |
| 2019-11-21 | $0.50 |
| 2019-08-22 | $0.50 |
| 2019-05-23 | $0.50 |
| 2019-02-21 | $0.50 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-09-29 | Aug/2026 | $1.36 |
| 2026-06-23 | May/2026 | $0.35 |
| 2026-03-27 | Feb/2026 | $0.18 |
| 2025-12-19 | Nov/2025 | $0.25 |
| 2025-09-29 | Aug/2025 | $1.32 |
| 2025-06-24 | May/2025 | $0.24 |
| 2025-06-23 | - | - |
| 2025-03-25 | - | - |
Filings and sources
- Company website
- carnivalcorp.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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