SuperworthCarnival CCL
- Market cap
- $35.1B
- PE
- 11.5×
- 10y median 15.0×
- Forward PE
- 10.9×
- 10y median 14.6×
- Price to sales
- 1.3×
- EV/EBIT
- 13.1×
- Revenue, 12 months
- $27.6B
- +5% on a year ago
- Net margin
- 11.4%
- Free cash flow yield
- 9.0%
Carnival trades at 11.5× trailing earnings, cheaper than 80% of the last ten years. Revenue was $27.6B over the last twelve months, up 5% on a year earlier with a 11% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $5.4B+41% | $5.4B+22% | $5.8B+18% | $7.9B+15% | $5.9B+10% | $5.8B+8% | $6.3B+10% | $8.2B+3% | $6.3B+7% | $6.2B+6% | $6.7B+5% | $8.4B+4% | |
| Cost of revenue | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross profit | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $788M+6% | $813M+14% | $789M+7% | $763M+7% | $886M+12% | $848M+4% | $816M+3% | $779M+2% | $960M+8% | $924M+9% | $863M+6% | $834M+7% |
| $384M | $276M | $560M+367% | $2.2B+34% | $561M+46% | $543M+97% | $934M+67% | $2.3B+4% | $735M+31% | $607M+12% | $851M−9% | $2.2B−2% | |
| Interest expense | $466M+4% | $471M−13% | $450M−17% | $431M−17% | $403M−14% | $377M−20% | $341M−24% | $317M−27% | $315M−22% | $291M−23% | $285M−16% | $285M−10% |
| Pre-tax income | −$39M−98% | −$214M−69% | $96M | $1.7B+64% | $289M | −$68M−68% | $585M+509% | $1.9B+7% | $404M+40% | $280M | $555M−5% | $1.9B+4% |
| $10M | $0 | $5M+0% | $8M | −$14M | $7M | $17M+240% | $6M−25% | −$18M+29% | $17M+143% | $17M+0% | $16M+167% | |
| Net income | −$48M−97% | −$214M−69% | $92M | $1.7B+62% | $303M | −$78M−64% | $565M+514% | $1.9B+7% | $422M+39% | $258M | $537M−5% | $1.9B+4% |
| −$0.04−97% | −$0.17−69% | $0.07 | $1.26+60% | $0.22 | −$0.06−65% | $0.42+500% | $1.33+6% | $0.30+36% | $0.19 | $0.39−7% | $1.40+5% | |
| 1.3B+0% | 1.3B+0% | 1.3B+1% | 1.4B+0% | 1.4B+11% | 1.3B+4% | 1.4B+10% | 1.4B+0% | 1.4B+1% | 1.4B+6% | 1.4B−1% | 1.4B−2% |
Gross profit: 44 periods, Q3 FY08 to Q2 FY20: not printed by the filing, worked out from its own lines.
EPS, diluted: Q4 FY08 and Q4 FY09: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 16 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q3 FY08: not printed by the filing, worked out from its own lines. 12 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 5 periods, Q4 FY14 to Q4 FY23: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $6.5B | $6.4B to $6.5B | $0.23 | $0.21 to $0.27 | 15 |
| Q1 FY27 | $6.3B | $6B to $6.4B | $0.12 | $0.05 to $0.22 | 8 |
| Q2 FY27 | $6.8B | $6.7B to $6.9B | $0.46 | $0.45 to $0.47 | 3 |
| Q3 FY27 | $8.8B | $8.6B to $8.9B | $1.58 | $1.55 to $1.61 | 5 |
| Q4 FY27 | $6.7B | $6.6B to $6.8B | $0.37 | $0.36 to $0.38 | 3 |
| Q1 FY28 | $6.5B | $6.4B to $6.6B | $0.21 | $0.20 to $0.21 | 4 |
| Q2 FY28 | $7.1B | $7B to $7.2B | $0.57 | $0.56 to $0.58 | 4 |
| Q3 FY28 | $9.1B | $9B to $9.3B | $1.76 | $1.72 to $1.80 | 6 |
Peers
Companies in Travel Services nearest Carnival's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CCLCarnival | $35.1B | 11.5× | 15.0× | 10.9× | 1.3× | +5% | 11.4% |
| EXPEExpedia | $34.7B | 18.0× | 31.7× | 12.8× | 2.2× | +12% | 13.0% |
| ROLRollins | $16.8B | 31.7× | 53.8× | n/m | 4.3× | +10% | 13.6% |
| RCLRoyal Caribbean Cruises | $73.9B | 17.1× | 17.0× | 14.6× | 4.0× | +9% | 23.5% |
| ABNBAirbnb | $103B | 39.1× | 34.8× | 30.1× | 7.8× | +14% | 20.4% |
| BKNGBooking | $117.1B | 17.2× | 32.2× | 14.0× | 4.1× | +13% | 25.5% |
| KEXKirby | $7B | 20.5× | 25.8× | n/m | 2.0× | +7% | 10.2% |
| NCLHNorwegian Cruise Line | $6.9B | 9.4× | 16.0× | n/m | 0.7× | +6% | 7.5% |
| MATXMatson | $6.8B | 15.3× | 12.7× | n/m | 2.0× | −0% | 13.4% |
| GATXGatx | $5.8B | 16.4× | 18.0× | n/m | n/m | n/m | n/m |
| FTDRFrontdoor | $5.8B | 22.3× | 20.7× | n/m | 2.7× | +9% | 12.8% |
| Peer median | $11.9B | 17.6× | 23.2× | 14.3× | 2.7× | +9% | 13.4% |
Investors who own it
Investors we follow who held Carnival at the end of Jun 30, 2026, from their 13F filings.
- Andreas HalvorsenViking Global Investors1.2% of portfolionew
More on Carnival
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #4of 40Consumer cyclical stocks with the lowest forward PE
- #5of 20Travel stocks with the lowest PE ratio
- #7of 21Travel stocks with the lowest EV/EBIT
- #8of 23Travel stocks with the lowest price to sales ratio
- #5of 14Travel stocks with the highest free cash flow yield
- #5of 12Travel stocks cheapest against their own PE history
Its groups
About
- Industry
- Travel Services
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .