Stock · CCL · Consumer Cyclical
United States · Large Cap · listed since 1987 · Revenue 12 mo. $27.6B
Price as of 11/06/2026
Carnival Corporation Ltd., a cruise company, provides leisure travel services.
Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation Ltd. was founded in 1972 and is headquartered in Miami, Florida.
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Summary
52.5 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €2.3B (2025), it supports €26B. The remaining €8.2B of the market value assume it grows 3.9% a year for 10 years and not at all afterwards.
Required FCF growth per year
3.9%
no growth afterwards
Price to operating cash flow 5.9×, within its usual range.
Middle half of 14 quarters: 4.9× to 6.6×, median 5.7×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
No indication in the stored figures.
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
7 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, EBIT margin, FCF margin, Net debt, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 22.47% | 11.07% | Rank 76 |
| Return on capital (Greenblatt) | 10.00% | 17.91% | Rank 24 |
| EBIT margin | 16.84% | 10.89% | Rank 69 |
| FCF margin | 9.79% | 8.07% | Rank 63 |
| Gross margin | 29.62% | 34.00% | Rank 39 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 6.40% | 5.10% | Rank 57 |
| Earnings growth, 3 years per yeardoes not count towards the rank | – | 8.34% | |
| Earnings growth, 5 years per yeardoes not count towards the rank | – | 15.10% | |
| Sustainable growth (ROE × retained earnings) | 13.56% | 4.34% | Rank 95 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 6.66% | 4.32% | Rank 72 |
| FCF yield | 6.83% | 4.17% | Rank 67 |
| EV/saleslower is better | 2.41 | 1.95 | Rank 39 |
| EV/EBITlower is better | 14.33 | 16.88 | Rank 62 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 2.57% | −4.35% | Rank 61 |
| Share price, 6 months | 12.61% | 3.63% | Rank 69 |
| Share price, 3 months | 7.17% | 2.92% | Rank 72 |
| Distance from 52-week high | −12.97% | −15.83% | Rank 58 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −0.27% | 0.39% | Rank 55 |
| Change in share countlower is better | 0.29% | −0.37% | Rank 21 |
| Dividend streak in years | – | 4 | Rank 12 |
| Price reaction to results, market-adjusted | 13.64% | 0.16% | Rank 97 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 23.77% | 40.59% | Rank 19 |
| Net debt/EBITDAlower is better | 3.77 | 0.99 | Rank 15 |
| Debt to equitylower is better | 2.28 | 0.49 | Rank 12 |
| Volatility, 1 yearlower is better | 49.65% | 33.42% | Rank 8 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 16.4 | 18.7% | $2.1B | 747M | 8.8 |
| 2017 | 17.5 | 16.0% | $2.4B | 725M | 8.8 |
| 2018 | 18.9 | 17.6% | $1.8B | 710M | 9.3 |
| 2019 | 20.8 | 15.7% | $46.0M | 692M | 11.0 |
| 2020 | 5.6 | −158.5% | −$9.9B | 775M | 18.9 |
| 2021 | 1.9 | −371.5% | −$7.7B | 1.12B | 25.7 |
| 2022 | 12.2 | −36.0% | −$6.6B | 1.18B | 31.9 |
| 2023 | 21.6 | 9.1% | $997.0M | 1.26B | 29.5 |
| 2024 | 25.0 | 14.3% | $1.3B | 1.40B | 27.7 |
| 2025 | 26.6 | 16.8% | $2.6B | 1.40B | 26.1 |
3 of 7 StockScorer Score rules met · How the score is built
Carnival Corporation mainly meets criteria in the Valuation category. Result from 18 strategies checked.
Carnival Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
3 of 7 rules met
5 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Carnival Corporation.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 15.0 | 21.6 |
| P/B ratio | 3.4 | 2.4 |
| Return on equity (ROE) | 22.5% | 11.1% |
| Equity ratio | 23.8% | 40.6% |
| Debt-to-equity (D/E) | 2.28 | 0.49 |
| Dividend yield | 1.5% | 2.2% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| CCL | Carnival Corporationthis page | |
| EXPE | Expedia Group Inc. | High7.3 |
| RCL | Royal Caribbean Cruises Ltd | Low0.9 |
| ABNB | Airbnb Inc | High8.2 |
| BKNG | Booking Holdings Inc | locked |
| VIK | Viking Holdings Ltd | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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