Companies / Consumer Discretionary
CCL
Carnival Corporation
Hotels, Resorts & Cruise Lines
Hotels, Resorts & Cruise LinesAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health54
Growth68
Profitability53
Cash generation58
Balance sheet17
Dilution control75
Key ratios and five-year financials
Latest quarter revenue YoY (2026-08-31)3.5%Revenue growth (FY)6.4%Revenue CAGR (3y)29.8%Gross margin—Operating margin16.8%Net margin10.4%Free cash flow margin9.8%R&D / revenue—Stock comp / revenue0.4%Net debt / operating cash flow4.51xCurrent ratio0.32Diluted share count change0.3%
| Fiscal year ending | FY 2021-11 | FY 2022-11 | FY 2023-11 | FY 2024-11 | FY 2025-11 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $12.2B | $21.6B | $25.0B | $26.6B |
| Gross profit | -$2.7B | $411M | $7.3B | $9.4B | — |
| Operating income | -$7.1B | -$4.4B | $2.0B | $3.6B | $4.5B |
| Net income | -$9.5B | -$6.1B | -$74M | $1.9B | $2.8B |
| Operating cash flow | -$4.1B | -$1.7B | $4.3B | $5.9B | $6.2B |
| Capital expenditure | $3.6B | $4.9B | $3.3B | $4.6B | $3.6B |
| Free cash flow | -$7.7B | -$6.6B | $997M | $1.3B | $2.6B |
| Stock-based comp | $121M | $101M | $53M | $62M | $98M |
| Buybacks | $0 | $0 | — | — | — |
| Dividends | $0 | $0 | — | — | — |
| Cash | $8.9B | $4.0B | $2.4B | $1.2B | $1.9B |
| Total debt | $33.2B | $38.2B | $33.4B | $29.8B | $30.0B |
| Equity | $12.1B | $7.1B | $6.9B | $9.3B | $12.3B |
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