logo
Twitter
Discord
Email
logo
Carnival Corporation & plc

Carnival Corporation & plc

NYSE•CCL
CEO: Mr. Micky Meir Arison
Sector: Consumer Cyclical
Industry: Leisure
Listing Date: 1987-07-24
Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company offers its services under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard brand. Additionally, it sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
Contact Information
3655 N.W. 87th Avenue, Miami, FL, 33178-2428, United States
305-599-2600
www.carnivalcorp.com
Market Cap
$42.23B
P/E (TTM)
15.3
30.8
Dividend Yield
--
52W High
$32.80
52W Low
$15.07
52W Range
97%
Rank53Top 63.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$6.33B+6.60%
4-Quarter Trend

EPS

$0.32+88.23%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Increased 6.3% Total Revenues reached 20.3B USD for nine months, marking 6.3% growth over prior year period.
Net Income Substantially Higher Nine-month Net Income rose 45.0% to 2.34B USD, driven by strong operational performance.
Operating Income Strong Growth Operating Income grew 24.4% to 3.75B USD for nine months, reflecting improved margins.
Interest Expense Significantly Lower Net interest expense decreased 23.5% to 1.03B USD due to lower total debt balances.

Risk Factors

Fuel Price Volatility Risk Volatility in fuel costs remains reasonably likely to impact profitability in both short and long term.
Regulatory Climate Impact Increasing focus on GHG emissions and evolving regulations likely to negatively impact future financial results.
Debt Transactions Costs Debt extinguishment and modification costs totaled 366M USD for nine months, significantly higher than 2024.
Litigation Uncertainty Remains Pending class actions regarding COVID-19 and Havana Docks litigation carry inherent uncertainties regarding resolution.

Outlook

New Ship Commitments New ship growth capital commitments total 0.9B USD for remainder of 2025, funding future capacity.
Debt Management Focus Management plans to use existing liquidity and future cash flows to fund capital expenditures not covered by export credit.
Accounting Standard Adoption Evaluating several new FASB guidance items, including Segment Reporting effective in 2025 and 2026 periods.
Brand Realignment Complete Sunsetted P&O Cruises (Australia) brand in March 2025, folding operations into Carnival Cruise Line segment.

Peer Comparison

Revenue (TTM)

Ford Motor CompanyF
$189.59B
+3.7%
JD.com, Inc.JD
$180.81B
+16.6%
D.R. Horton, Inc.DHI
$34.25B
-6.9%

Gross Margin (Latest Quarter)

Trip.com Group LimitedTCOM
81.7%
-0.7pp
eBay Inc.EBAY
70.9%
-0.9pp
Yum! Brands, Inc.YUM
47.0%
-0.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
F$52.68B11.410.3%54.6%
TCOM$48.52B18.812.5%11.8%
LVS$45.24B29.368.1%73.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Mar 19, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Aug 31, 2025|Filed: Sep 29, 2025|
    Revenue: $8.15B+3.3%
    |
    EPS: $1.41+2.9%
    Beat

  • Form 10-Q - Q2 2025

    Period End: May 31, 2025|Filed: Jun 26, 2025|
    Revenue: $6.33B+9.5%
    |
    EPS: $0.43+514.3%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Feb 28, 2025|Filed: Mar 25, 2025|
    Revenue: $5.81B+7.5%
    |
    EPS: $-0.06-64.9%
    Miss

  • Form 10-K - FY 2024

    Period End: Nov 30, 2024|Filed: Jan 27, 2025|
    Revenue: $25.02B+15.9%
    |
    EPS: $1.50+2600.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Aug 31, 2024|Filed: Sep 30, 2024|
    Revenue: $7.90B+15.2%
    |
    EPS: $1.37+61.2%
    Beat

  • Form 10-Q - Q2 2024

    Period End: May 31, 2024|Filed: Jun 27, 2024|
    Revenue: $5.78B+17.7%
    |
    EPS: $0.07-121.9%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Feb 29, 2024|Filed: Mar 27, 2024|
    Revenue: $5.41B+22.0%
    |
    EPS: $-0.17-69.1%
    Beat

  • Form 10-K - FY 2023

    Period End: Nov 30, 2023|Filed: Jan 26, 2024|
    Revenue: $21.59B+77.4%
    |
    EPS: $-0.06+98.8%
    Beat