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Saturday 17 October 2026 Export CCL’s income statement to Excel — free account

Carnival Corporation

CCL Consumer Cyclical Travel Services

Carnival Corporation’s revenue for fiscal 2025 (year ended November 2025) was $26.6 billion, up 6.40% from fiscal 2024. In the quarter to August 2026, revenue grew 3.46%, EPS was flat, free cash flow fell 3.26% and total debt fell 9.70%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years, operating cash flow growth for five.

25.89 0.57 −2.15%
Market cap
$35.6B
P/E
11.2×
Fwd P/E
12.3×
Dividend yield
1.74%
F-score
8/9
Altman Z
1.24
Beneish M
−2.69
Dividend safety
56/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Carnival Corporation (CCL) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Carnival Corporation (CCL) trades at a EV/EBITDA of 7.8×. Over the past ten years it has ranged from 0.0× (May 2023) to 52.0× (July 2023); the current reading is higher than 34% of that period. That is below the Travel Services industry median of 13.5× and below the Consumer Cyclical sector median of 9.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 7.9× (16.05%)
FY2024 9.5× (9.92%)
FY2023 10.5× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 7.6× (20.85%)
FY2018 9.6× (19.84%)
FY2017 12.0× 23.39%
FY2016 9.7× (12.63%)

Quarterly newest first

Period EV/EBITDA Change
Aug 2026 7.4× (8.69%)
May 2026 8.2× (4.60%)
Feb 2026 8.5× 7.55%
Nov 2025 7.9× (13.41%)
43 more quarters

Against its own ten years

Low 0.0× High 52.0×
Ten-year median 9.0×
Current reading's percentile 34

EV/EBITDA against peers

Company EV/EBITDA
CCL Carnival Corporation 7.8×
NCLH Norwegian Cruise Line Holdings Ltd. compare 7.9×
EXPE Expedia Group, Inc. compare 8.5×
TCOM Trip.com Group Limited Sponsored ADR compare 11.3×
BKNG Booking Holdings Inc. compare 13.0×
RCL Royal Caribbean Cruises Ltd. compare 13.8×
VIK Viking Holdings Ltd. compare 20.4×
MMYT MakeMyTrip Limited compare 32.5×
ABNB Airbnb, Inc. compare 34.8×
Travel Services industry median 13.5×
Consumer Cyclical sector median 9.3×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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