Company / Free Cash Flow
Carnival Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$2.6B
FY2025
5-year range
-$7.7B / $2.6B
FY2021-FY2025
Trend
+101.0%
vs FY2024
Sector context
#13 of 222
Consumer Discretionary
What the data says
Among 222 Consumer Discretionary companies, Carnival is in the top 6% for free cash flow. Free Cash Flow has increased for 4 consecutive years, from -$7.7B in FY2021 to $2.6B in FY2025.
Based on SEC 10-K filings.
$2.6B in FY2025 with a 5-year CAGR of +7.7%. Top quartile in the Consumer Discretionary sector.
Improved from $997M to $2.6B over the past 2 years.
Consumer Discretionary sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +7.7%
- 10-Year CAGR
- -
Sector benchmark
+238.4% above sector average
Key checks
Key Insights
- Carnival's free cash flow has grown for 4 consecutive years.
- 5-year CAGR of +7.7%, indicating consistent growth.
- In FY2025, free cash flow increased 101.0% year-over-year.
- Ranks #13 out of 222 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- 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.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.6B | +101.0% |
| FY2024 | $1.3B | +30.1% |
| FY2023 | $997.0M | +115.1% |
| FY2022 | -$6.6B | +14.3% |
| FY2021 | -$7.7B | -528.7% |
| FY2020 | $1.8B | +3813.0% |
| FY2019 | $46.0M | -97.4% |
| FY2018 | $1.8B | -24.3% |
| FY2017 | $2.4B | +14.8% |
| FY2016 | $2.1B | -8.0% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026