Carnival Corporation Ltd.: stock overview

CCLNYSEConsumer cyclical · Water Transportation

Price

$29.23

November 13, 2026Market cap $39.3B

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  • The full history: 15 fiscal years, from FY2007
  • The estimated fair value, with its range and its certainty
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  • More questions to the chat on its filings
  • Excel with every year
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In short

Carnival had revenue of $27.6B over the last 12 months and net income of $3.1B, a net margin of 11.4%. Revenue grew by 36.6% a year on average over the last 5 years. At $29.23 the shares trade at a P/E of 12.5. It has net debt of $22.7B. It pays no dividend.

From its SEC filings (latest fiscal year to November 30, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$39.3B
1.34B shares
P/E
12.5
Revenue, 12 months
$27.6B
+36.6% a year over 5 years
Net margin
11.4%
FY2025: 10.4%, above 42% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+11.0% a year over 2 years

  • FY2025Nov 30, 202510-K
    Revenue$26.6B
  • FY2024Nov 30, 202410-K
    Revenue$25.0B
  • FY2023Nov 30, 202310-K
    Revenue$21.6B

Fiscal years in figures

CCL's revenue, profit, cash flow and dividend with each year-end price, from FY2007 to FY2022, 12 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $29.6B
$39.3B
Enterprise value 
$62.0B
P/E 
12.5
EV / EBIT 
14.1
EV / Revenue 
2.3
P/B 3-year median: 2.6
2.8
FCF yield 3-year median: 5.9%
8.1%
Earnings yield 3-year median: 5.7%
8.0%

Profitability

Gross margin 
42.5%
Operating margin 
16.0%
Net margin 3-year median: 7.7%
11.4%
ROIC 
9.1%
ROIC, 5-year average 
-0.1%
ROE 
24.3%

Growth

Revenue, yearly change 
+6.4%
EPS, yearly change 
+40.3%
FCF, yearly change 
+101.0%
Revenue, average a year 
+36.6%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$1.2B
Total debt 
$25.2B
Of which operating leases 
$1.3B
Net debt 
$22.7B
Net debt / EBITDA 
3.2x
Interest cover 
3.8x
Current ratio 
0.27

Balance sheet of August 31, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+6.2%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 44).

Operating margin

16.8%

Above 39% of the 42 companies in its industry, and 78% of all.

Net margin

10.4%

Above 42% of the 44 companies in its industry, and 66% of all.

ROE

22.5%

Above 86% of the 40 companies in its industry, and 86% of all.

ROA

5.3%

Above 64% of the 43 companies in its industry, and 73% of all.

Revenue growth

6.4%

Above 70% of the 42 companies in its industry, and 50% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Carnival Corp Ltd.
CIK
815097
Exchange
NYSE
Industry (SIC)
4400 · Water Transportation
Fiscal year ends
November 30
Latest annual report
November 30, 2025
Reporting currency
USD
Shares
1.34B

Other companies: Consumer cyclical

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The full analysis

What do Carnival's filings show?

These are Carnival's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about CCL

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What is CCL's market cap?

Carnival Corporation Ltd.'s market cap is $39.3B, at a price of $29.23 on November 13, 2026 and 1.34B shares.

What is CCL's P/E?

CCL's P/E is 12.5, on earnings per share of $2.29 over the last 12 months.

How much revenue does CCL have?

Carnival had revenue of $27.6B over the last 12 months. Over the last 5 years it changed by +36.6% a year on average.

Does CCL pay a dividend?

No. Carnival paid no regular dividend over the last 12 months.

Where do the figures come from?

From Carnival Corporation Ltd.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.