Company / Operating Cash Flow
Carnival Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$6.2B
FY2025
5-year range
-$4.1B / $6.2B
FY2021-FY2025
Trend
+5.0%
vs FY2024
Sector context
#10 of 234
Consumer Discretionary
What the data says
Among 234 Consumer Discretionary companies, Carnival is in the top 4% for operating cash flow. Operating Cash Flow has increased for 4 consecutive years, from -$4.1B in FY2021 to $6.2B in FY2025.
Based on SEC 10-K filings.
$6.2B in FY2025 with a 5-year CAGR of +2.3%. Top quartile in the Consumer Discretionary sector.
Improved from $4.3B to $6.2B over the past 2 years.
Consumer Discretionary sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +2.3%
- 10-Year CAGR
- -
Sector benchmark
+257.0% above sector average
Key checks
Key Insights
- Carnival's operating cash flow has grown for 4 consecutive years.
- 5-year CAGR of +2.3%, indicating consistent growth.
- In FY2025, operating cash flow increased 5.0% year-over-year.
- Ranks #10 out of 234 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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $6.2B | +5.0% |
| FY2024 | $5.9B | +38.4% |
| FY2023 | $4.3B | +356.3% |
| FY2022 | -$1.7B | +59.4% |
| FY2021 | -$4.1B | -174.0% |
| FY2020 | $5.5B | +1.4% |
| FY2019 | $5.5B | -1.3% |
| FY2018 | $5.5B | +4.3% |
| FY2017 | $5.3B | +3.7% |
| FY2016 | $5.1B | +13.0% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026