Carnival (CCL) Stock & Financials
Data as of (185 days ago)|Source: SEC EDGAR
Carnival (CCL) is a hotels, resorts & cruise lines company. The company reports annual revenue of $26.6B and net income of $2.8B. Its profit margin is 10.4%.
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Carnival Key Financials(TTM Est.)
Data from SEC EDGAR filings. TTM = Trailing Twelve Months.
Carnival Financial Health ScoreFY2025
Below average; significant concerns in multiple areas
+10 pts YoYThis Financial Health Score is a proprietary metric calculated from SEC EDGAR filings for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Results vary significantly by industry. Conduct your own research before making investment decisions.
Data Highlights
- Altman Z-Score 0.87 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 23.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Carnival Recent Events
Source: SEC EDGAR 8-K Filings
5-Year Revenue & Net Income Trend
Chart shows fiscal year data from SEC EDGAR filings. Hover over data points for details.
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026
Revenue Breakdown (FY2025)
See Carnival detailed breakdown →As of FY2025 · SEC 10-K Annual Filings · Updated Jan 28, 2026
About Carnival
Carnival is a festive season that occurs at the close of the Christian pre-Lenten period, consisting of Quinquagesima or Shrove Sunday, Shrove Monday, and Shrove Tuesday or Mardi Gras.
- Industry
- Hotels, Resorts & Cruise Lines
Valuation
Valuation Data UnavailablePrice-based valuation metrics (P/E, P/B) require real-time stock price data which is not included in SEC filings.
Benjamin Graham: Graham recommended P/E ratio not exceed 15 for reasonable valuation. Understanding valuation metrics
Profitability
Positive Marginsvs 26.8% sector median / 53.1% avg
Generates $23.1 in profit for every $100 of shareholder equity. Higher than 40% in Consumer Discretionary.
vs 10.2% sector median / 9.5% avg
Keeps 10 cents of every dollar in revenue as profit. Higher than 55% in Consumer Discretionary.
4th consecutive year of revenue growth.
* Some quarterly data is missing. Values are calculated based on annual report figures.
Profit margin of 10.4% is above 10%.
Warren Buffett: Buffett looks for consistent ROE above 20% as a sign of competitive advantage. How to evaluate profitability
Financial Health
High Leveragevs 2.84 sector median / 4.13 avg
Carries $2.28 in debt for every $1 of equity. Lower debt than 67% in Consumer Discretionary.
Debt-to-equity ratio of 2.28 is above 1.5. Debt is 45% below sector average.
Peter Lynch: Lynch: normal balance sheet has 75% equity, 25% debt. Understanding financial health
Dividend
Dividend Data UnavailableDividend yield data is not available from SEC filings. Check the company's investor relations page for dividend information.
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026
Carnival 10-Year Revenue, Profit & Cash Flow History
Annual Financials
FY2025 - FY2016| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.6B(+6.4%) | $25.0B(+15.9%) | $21.6B(+77.5%) | $12.2B(+537.7%) | $1.9B(-89.9%) | $18.9B(-9.3%) | $20.8B(+10.3%) | $18.9B(+7.8%) | $17.5B(+6.8%) | $16.4B(+4.3%) |
| Net Income | $2.8B(+44.1%) | $1.9B(+2689.2%) | $-74,000,000(+98.8%) | $-6,093,000,000(+35.9%) | $-9,501,000,000(-401.4%) | $3.2B(+5.4%) | $3.0B(-5.1%) | $3.2B(+21.0%) | $2.6B(-6.2%) | $2.8B(+58.2%) |
| Total Assets | $51.7B | $49.1B | $49.1B | $51.7B | $53.3B | $45.1B | $45.1B | $42.4B | $40.8B | $38.9B |
| Total Debt | $27.4B | $28.2B | $31.3B | $35.6B | $28.5B | $22.1B | $9.7B | $7.9B | $7.0B | $8.3B |
| Total Equity | $12.3B | $9.3B | $6.9B | $7.1B | $12.1B | $24.4B | $25.4B | $24.4B | $24.2B | $22.6B |
| Profit Margin | 10.4% | 7.7% | -0.3% | -50.1% | -498.0% | 16.7% | 14.4% | 16.7% | 14.9% | 17.0% |
| ROE | 22.5% | 20.7% | -1.1% | -86.2% | -78.2% | 12.9% | 11.8% | 12.9% | 10.8% | 12.3% |
| ROA | 5.3% | 3.9% | -0.1% | -11.8% | -17.8% | 7.0% | 6.6% | 7.4% | 6.4% | 7.1% |
Quarterly Financials
Last 8 quarters| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1B | $5.8B | $19.1B | $11.2B | $5.4B | $16.2B | $9.3B | $4.4B |
| Net Income | $486.0M | $-78,000,000 | $1.6B | $-123,000,000 | $-214,000,000 | $-26,000,000 | $-1,100,000,000 | $-693,000,000 |
| Total Assets | $51.7B | $51.7B | $49.1B | $49.1B | $49.1B | $49.1B | $49.1B | $49.1B |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026
Insider Trading
Source: SEC EDGAR Form 4 filings. Only purchase (P) and sale (S) transactions shown.
Carnival Dividend Safety Analysis & Growth History
Dividend Status
Dividend PayerThis company pays dividends. Historical dividend data shown below.
5-year dividend CAGR: -14.6%.
Annual Dividends
2011 - 2020| Metric | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend/Share | $1.00 | $1.50 | $1.00 | $1.00 | $1.10 | $1.35 | $1.60 | $1.95 | $2.00 | $0.50 |
| YoY Growth | - | +50.0% | -33.3% | +0.0% | +10.0% | +22.7% | +18.5% | +21.9% | +2.6% | -75.0% |
| Payments | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 1 |
| Increased | - | Yes | No | No | Yes | Yes | Yes | Yes | Yes | No |
Learn more:Dividend investing guideHow to evaluate dividend safety
As of FY2025 · SEC XBRL dividend facts · Updated Jun 30, 2026
Carnival Free Cash Flow & Dividend Coverage
Generates approximately $7M in free cash flow per day.
Cash Flow History
FY2016 - FY2025| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | $5.1B | $5.3B | $5.5B | $5.5B | $5.5B | -$4.1B | -$1.7B | $4.3B | $5.9B | $6.2B |
| CapEx | -$3.1B | -$2.9B | -$3.7B | -$5.4B | -$3.7B | -$3.6B | -$4.9B | -$3.3B | -$4.6B | -$3.6B |
| Free Cash Flow | $2.1B | $2.4B | $1.8B | $46.0M | $1.8B | -$7.7B | -$6.6B | $997.0M | $1.3B | $2.6B |
| FCF Margin | 12.6% | 13.6% | 9.5% | 0.2% | 9.5% | -404.4% | -54.3% | 4.6% | 5.2% | 9.8% |
Source: SEC EDGAR 10-K filings. FCF = Operating Cash Flow - Capital Expenditures. Free cash flow guide
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026
Carnival Risk Factors
Company-disclosed SEC risk factors
Risk factors are disclosed by the company in its SEC Form 10-K, Item 1A. Billiver does not classify or summarize company-specific legal, operational, financial, or market risks here.
Sector context: Consumer Discretionary. This is not a Billiver risk assessment for CCL.
Source note: the SEC Form 10-K includes Item 1A, "Risk Factors." The full risk-factor text should be read from the company’s own SEC filing.
Carnival FAQ
What is Carnival's annual revenue?
Carnival (CCL) reported $26.6 billion in trailing twelve-month (TTM) revenue. This financial data is compiled from SEC EDGAR 10-K filings.
Is Carnival profitable?
Yes, Carnival is profitable with a 10.4% net profit margin and $2.8 billion in net income (TTM). All figures from SEC EDGAR 10-K filings.
Does Carnival pay dividends?
Yes, Carnival pays regular dividends. View the full dividend history and payout analysis on this page.
What is Carnival's financial health score?
Carnival has a financial health score of 51/100 (Grade: D), evaluating profitability, solvency, liquidity, and growth based on SEC EDGAR data.
How many years of Carnival financial data are available?
10 years of financial data are available for Carnival from FY2016 to FY2025. All figures are compiled from SEC EDGAR 10-K filings.