Company / Working Capital
Carnival Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$8.9B
FY2025
5-year range
-$8.9B / -$275.0M
FY2021-FY2025
Trend
-7.7%
vs FY2024
Sector context
#213 of 214
Consumer Discretionary
What the data says
Among 214 Consumer Discretionary companies, Carnival is in the bottom 1% for working capital. Working Capital has declined for 5 consecutive years, from $1.9B in FY2020 to -$8.9B in FY2025.
Based on SEC 10-K filings.
-$8.9B in FY2025.
Declined from -$6.2B to -$8.9B over the past 2 years.
Consumer Discretionary sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 0% in Consumer DiscretionaryTop 100% of 214This company -$8.9B Sector average $841.8M
▼
-1154.1% below sector average
Key checks
Key Insights
- Carnival's working capital has declined for 5 consecutive years.
- In FY2025, working capital decreased 7.7% year-over-year.
- Ranks #213 out of 214 companies in the Consumer Discretionary sector.
- Peak working capital was recorded in FY2020.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$8.9B | -7.7% |
| FY2024 | -$8.2B | -32.6% |
| FY2023 | -$6.2B | -99.6% |
| FY2022 | -$3.1B | -1032.0% |
| FY2021 | -$275.0M | -114.7% |
| FY2020 | $1.9B | +126.6% |
| FY2019 | -$7.1B | -1.3% |
| FY2018 | -$7.0B | +3.1% |
| FY2017 | -$7.2B | -33.8% |
| FY2016 | -$5.4B | -19.5% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026