Carnival Corporation — CCL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $30.18 | $39.61B | 14.9 | 10.7 | 8.2% | 4.8% | $0.15 0.5% | 3.2 |
Latest Headlines
- · New LNG Deal And Analyst Optimism Could Be A Game Changer For Carnival (CCL)
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- · 3 Cruise Line Stocks in Focus on Expected Demand Strength in 2026
- · 3 Consumer Stocks That Concern Us
- · With ROIC at 19-Year Highs, Is CCL Entering a New Profitability Cycle?
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-11-30 | $5.6B | $-10.2B | $-13.20 | N/A | N/A | N/A |
| 1 | 2021-11-30 | $1.9B | $-9.5B | $-8.46 | -65.9% | -7.2% | -35.9% |
| 2 | 2022-11-30 | $12.2B | $-6.1B | $-5.16 | 537.8% | -35.9% | -39.0% |
| 3 | 2023-11-30 | $21.6B | $-74.0M | $-0.06 | 77.4% | -98.8% | -98.8% |
| 4 | 2024-11-30 | $25.0B | $1.9B | $1.50 | 15.9% | -2689.2% | -2600.0% |
| 5 | Average | 141.3% | -707.8% | -693.4% |
EPS
Forecasts
Y/Y % Change
CCL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | -65.9% | 537.8% | 77.4% | 15.9% | 10.9% | 3.3% | 96.6% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | -7.2% | -35.9% | -98.8% | -2689.2% | 73.3% | 9.1% | -458.1% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|
| 2021 | $1.9B | $2.4B | $1.9B | $2.2B |
| 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 |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|
| 2022 | 537.79 | 291.49 | 33.42 | 1.88 |
| 2023 | 77.44 | 26.00 | 17.30 | 4.18 |
| 2024 | 15.88 | 9.49 | 10.24 | 7.89 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2026-01-14 21:46 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 |
|---|---|---|---|
| 2022 | 7.02B | 5.15B | 12.2B |
| 2023 | 14.1B | 7.53B | 21.6B |
| 2024 | 16.5B | 8.56B | 25B |
| TTM | 67.2B | 34.9B | 102B |
| % of Total (TTM) | 65.8% | 34.2% | 100% |
Segment Performance (Axis 2)
SEGMENTS v2025-09-09 · 2026-01-14 21:46 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Europe Rev | Europe OI | Tour And Other Rev | Tour And Other OI | Cruise Rev | Cruise OI | North America And Australia Rev | North America And Australia OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 3.53B | -1.83B | 0.18B | -0.06B | 0.17B | -0.32B | 8.28B | -2.17B | 12.2B | -4.38B |
| 2023 | 6.54B | 0.59B | 0.27B | 0.01B | 0.21B | -0.40B | 14.6B | 1.75B | 21.6B | 1.96B |
| 2024 | 7.71B | 1.34B | 0.26B | 0.02B | 0.26B | -0.41B | 16.8B | 2.63B | 25B | 3.58B |
| TTM | 31.3B | 5.89B | 1.31B | 0.24B | 1.00B | -1.68B | – | – | 33.6B | 4.44B |
| % of Total (TTM) | 93.1% | — | 3.9% | — | 3.0% | — | – | — | 100% | — |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $50,831M |
| 1 | Cash | $1,763M |
| 2 | Total Liabilities | $38,903M |
| 3 | Total Debt | $27,860M |
| 4 | Total Equity | $11,928M |
| 5 | Debt to Equity Ratio | 2.34 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $30.18 | 4.1% | Nicks Growth: 10% Nick's Expected Margin: 2% FINVIZ Growth: 12% |
Nicks: 18 Finviz: 22 |
Nick's: 0.353 | 2.0 | 14.9 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $2.02 EPS | TTM | $35.70 | 18.3% | $45.00 | 49.1% |
| $2.53 EPS | 2026 | $44.71 | 48.2% | $56.36 | 86.8% |
| $2.76 EPS | 2027 | $48.78 | 61.6% | $61.49 | 103.7% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 8.36% | 8.98% | 8.51% | 9.49% | 0.77% | 1.56% | 8.54% | 5.11% | 52.3% | 6.0% |
| 3 Years | 8.36% | 8.98% | 8.51% | 9.49% | 0.77% | 1.56% | 8.54% | 5.11% | 52.3% | 6.0% |
| 5 Years | 8.36% | 8.98% | 8.51% | 9.49% | 0.77% | 1.56% | 8.54% | 5.11% | 52.3% | 6.0% |
| 10 Years | 8.36% | 8.98% | 8.51% | 9.49% | 0.77% | 1.56% | 8.54% | 5.11% | 52.3% | 6.0% |