Carnival Corporation — CCL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $31.57 | $42.80B | 16.5 | 18.4 | 9.2% | 10.3% | - | 4.1 |
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 | $1.50 | 15.9% | -2689.2% | -2600.0% |
| 5 | Average | 141.3% | -707.8% | -693.4% |
EPS
Forecasts
Y/Y % Change
CCL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | -65.9% | 537.8% | 77.4% | 15.9% | 5.9% | 3.6% | 95.8% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 | |
| EPS Growth (%) | -7.2% | -35.9% | -98.8% | -2689.2% | 41.5% | 14.0% | -462.6% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 |
Expenses
| Year | Revenue ($) | 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 · 2025-09-05 14:57 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Cruise Passenger Ticket | 7.02B | 0.00B | 14.1B | 0.00B | 16.5B | 0.00B | 17.4B | 0.00B | 65.5% |
| Cruise Onboard And Other | 5.15B | 0.00B | 7.53B | 0.00B | 8.56B | 0.00B | 9.14B | 0.00B | 34.5% |
SEGMENTS v2025-09-09 · 2025-09-05 14:57 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| North America And Australia | 8.28B | -2.17B | 14.6B | 1.75B | 16.8B | 2.63B | 16.8B | 2.63B | 63.4% |
| Europe | 3.53B | -1.83B | 6.54B | 0.59B | 7.71B | 1.34B | 8.40B | 1.76B | 31.7% |
| North American | – | – | – | – | – | – | 0.79B | 0.58B | 3.0% |
| Cruise | 0.17B | -0.32B | 0.21B | -0.40B | 0.26B | -0.41B | 0.29B | -0.41B | 1.1% |
| Tour And Other | 0.18B | -0.06B | 0.27B | 0.01B | 0.26B | 0.02B | 0.24B | 0.03B | 0.9% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $48,535M |
| 1 | Cash | $833M |
| 2 | Total Liabilities | $39,352M |
| 3 | Total Debt | $28,391M |
| 4 | Total Equity | $9,183M |
| 5 | Debt to Equity Ratio | 3.09 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $23.77 | 4.4% | Nicks Growth: 10% Nick's Expected Margin: 2% FINVIZ Growth: 21% |
Nicks: 17 Finviz: 46 |
Nick's: 0.346 | 1.3 | 15.3 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $1.55 EPS | TTM | $26.79 | 12.7% | $70.56 | 196.8% |
| $1.88 EPS | 2025 | $32.50 | 36.7% | $85.58 | 260.0% |
| $2.14 EPS | 2026 | $36.99 | 55.6% | $97.42 | 309.8% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 8.76% | 9.87% | 8.79% | 9.89% | 0.50% | 0.50% | 9.23% | 10.50% | 82.8% | 89.7% |
| 3 Years | 8.76% | 9.87% | 8.79% | 9.89% | 0.50% | 0.50% | 9.23% | 10.50% | 82.8% | 89.7% |
| 5 Years | 8.76% | 9.87% | 8.79% | 9.89% | 0.50% | 0.50% | 9.23% | 10.50% | 82.8% | 89.7% |
| 10 Years | 8.76% | 9.87% | 8.79% | 9.89% | 0.50% | 0.50% | 9.23% | 10.50% | 82.8% | 89.7% |