Carnival Corporation — CCL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $26.73 | $35.10B | 13.8 | 15.5 | 7.4% | 8.6% | - | 2.9 |
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 | $1.50 | 15.9% | -2689.2% | -2600.0% |
| 5 | Average | 141.3% | -707.8% | -693.4% |
EPS
Forecasts
Y/Y % Change
CCL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | -65.9% | 537.8% | 77.4% | 15.9% | 6.5% | 4.4% | 96.0% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 | |
| EPS Growth (%) | -7.2% | -35.9% | -98.8% | -2689.2% | 47.4% | 11.6% | -462.0% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 |
Expenses
| Year | Revenue ($) | 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 · 2025-11-10 08:19 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 | Cruise Passenger Ticket Rev | Cruise Passenger Ticket OI | Cruise Onboard And Other Rev | Cruise Onboard And Other OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|
| 2022 | 7.02B | 0.00B | 5.15B | 0.00B | 12.2B | 0.00B |
| 2023 | 14.1B | 0.00B | 7.53B | 0.00B | 21.6B | 0.00B |
| 2024 | 16.5B | 0.00B | 8.56B | 0.00B | 25B | 0.00B |
| TTM | 17.4B | 0.00B | 9.07B | 0.00B | 26.5B | 0.00B |
| % of Total (TTM) | 65.7% | — | 34.3% | — | 100% | — |
SEGMENTS v2025-09-09 · 2025-11-10 08:19 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 | North America And Australia Rev | North America And Australia OI | Europe Rev | Europe OI | North American Rev | North American OI | Cruise Rev | Cruise OI | Tour And Other Rev | Tour And Other OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 8.28B | -2.17B | 3.53B | -1.83B | – | – | 0.17B | -0.32B | 0.18B | -0.06B | 12.2B | -4.38B |
| 2023 | 14.6B | 1.75B | 6.54B | 0.59B | – | – | 0.21B | -0.40B | 0.27B | 0.01B | 21.6B | 1.96B |
| 2024 | 16.8B | 2.63B | 7.71B | 1.34B | – | – | 0.26B | -0.41B | 0.26B | 0.02B | 25B | 3.58B |
| TTM | 16.8B | 2.63B | 8.53B | 1.64B | 0.61B | 0.56B | 0.30B | -0.45B | 0.24B | 0.03B | 26.5B | 4.40B |
| % of Total (TTM) | 63.4% | — | 32.2% | — | 2.3% | — | 1.1% | — | 0.9% | — | 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 |
|---|---|---|---|---|---|---|
| $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 | 8.60% | 9.75% | 8.71% | 9.81% | 0.59% | 0.55% | 7.35% | 8.60% | 4.6% | 5.6% |
| 3 Years | 8.60% | 9.75% | 8.71% | 9.81% | 0.59% | 0.55% | 7.35% | 8.60% | 4.6% | 5.6% |
| 5 Years | 8.60% | 9.75% | 8.71% | 9.81% | 0.59% | 0.55% | 7.35% | 8.60% | 4.6% | 5.6% |
| 10 Years | 8.60% | 9.75% | 8.71% | 9.81% | 0.59% | 0.55% | 7.35% | 8.60% | 4.6% | 5.6% |