Carnival Corporation — CCL

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$28.06$38.87B12.410.86.6%5.2%$0.30
1.1%
3.0

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2020-11-30 $5,594M $-10,236M $-13.20 2024-02-04 04:18:28 N/A N/A N/A
1 2021-11-30 $1,908M $-9,501M $-8.46 2024-02-04 04:18:28 -65.9% -7.2% -35.9%
2 2022-11-30 $12,169M $-6,093M $-5.16 2026-05-29 09:06:24 537.8% -35.9% -39.0%
3 2023-11-30 $21,593M $-74M $-0.06 2026-05-29 09:06:24 77.4% -98.8% -98.8%
4 2024-11-30 $25,021M $1,916M $1.50 2026-05-29 09:06:24 15.9% -2689.2% -2600.0%
5 2025-11-30 $26,621M $2,760M $2.10 2026-05-29 09:06:24 6.4% 44.1% 40.0%
6 TTM 2026-02-28 $26,976M $3,097M $2.27 2026-04-02 08:47:18 1.3% 12.2% 8.1%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

CCL Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) -65.9% 537.8% 77.4% 15.9% 6.4% 4.6% 3.4% 82.8%
Revenue Analysts (#) 0 0 0 0 0 0 21 22
EPS Growth (%) -7.2% -35.9% -98.8% -2689.2% 44.1% 11.6% 17.0% -394.1%
EPS Analysts (#) 0 0 0 0 0 0 24 25

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward EPS projection history by FY Forward revenue projection history by FY

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) SG&A ($) Facilities / D&A ($)
2022 $12.2B $9.5B $2.5B $2.3B
2023 $21.6B $11.9B $3.0B $2.4B
2024 $25.0B $13.1B $3.3B $2.6B
2025 $26.6B $13.2B $3.4B $2.8B
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) SG&A Change (%) Facilities / D&A Change (%)
2023 77.44 26.00 17.30 4.18
2024 15.88 9.49 10.24 7.89
2025 6.39 0.58 4.61 9.11
No unmapped expenses.

Segment Performance

axis1_CCL_Cruise_Passenger_Ticket.png axis1_CCL_Cruise_Onboard_And_Other.png
SEGMENTS v2025-09-09 · 2026-05-29 09:06 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Cruise Passenger Ticket Rev Cruise Onboard And Other Rev Total Rev
2023 14.1B 7.53B 21.6B
2024 16.5B 8.56B 25B
2025 17.4B 9.20B 26.6B
TTM 41.7B 21.9B 63.6B
% of Total (TTM) 65.6% 34.4% 100%

Segment Performance (Axis 2)

axis2_CCL_North_America.png axis2_CCL_Europe.png axis2_CCL_Cruise.png axis2_CCL_Tour_And_Other.png
SEGMENTS v2025-09-09 · 2026-05-29 09:06 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year North America Rev Europe Rev Cruise Rev Tour And Other Rev Total Rev
2023 14.6B 6.54B 0.21B 0.27B 21.6B
2024 16.8B 7.71B 0.26B 0.26B 25B
2025 17.6B 8.47B 0.31B 0.24B 26.6B
TTM 42.3B 20.1B 0.71B 0.50B 63.6B
% of Total (TTM) 66.5% 31.6% 1.1% 0.8% 100%

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $51,567M
1 Cash $1,424M
2 Total Liabilities $38,518M
3 Total Debt $26,607M
4 Total Equity $13,031M
5 Debt to Equity Ratio 2.04

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$28.06 4.5% Nicks Growth: 10%
Nick's Expected Margin: 2%
FINVIZ Growth: 10%
Nicks: 17
Finviz: 18
Nick's: 0.343 1.4 12.4
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$2.27 EPS TTM $38.95 38.8% $39.96 42.4%
$2.22 EPS 2026 $38.14 35.9% $39.13 39.4%
$2.60 EPS 2027 $44.61 59.0% $45.76 63.1%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 7.78% 7.27% 8.12% 8.27% 1.21% 2.56% 6.55% 5.18% 20.0% 34.2%
3 Years 7.78% 7.27% 8.12% 8.27% 1.21% 2.56% 6.55% 5.18% 20.0% 34.2%
5 Years 7.78% 7.27% 8.12% 8.27% 1.21% 2.56% 6.55% 5.18% 20.0% 34.2%
10 Years 7.78% 7.27% 8.12% 8.27% 1.21% 2.56% 6.55% 5.18% 20.0% 34.2%

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