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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.

Revenue
+3.46%
EPS
+0.06%
Free cash flow
−3.26%
Total debt
−9.70%

Quarter to August 2026, against a year earlier

28.83 0.01 −0.03%
Market cap
$38.8B
P/E
12.5×
Fwd P/E
13.1×
Dividend yield
2.07%
F-score
8/9
Altman Z
1.24
Beneish M
−2.69
Dividend safety
56/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Carnival Corporation (CCL) EV/FCF

Alert me on EV/FCF

As of 30 October 2026, Carnival Corporation (CCL) trades at a EV/FCF of 19.5×. Over the past ten years it has ranged from −177× (August 2023) to 647× (January 2020); the current reading is higher than 40% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 20.0× (54.26%)
FY2024 43.8× 24.22%
FY2023 35.3× —
FY2022 −6.1× —
FY2021 −5.6× —
FY2020 −3.1× —
FY2019 576× 2,359.53%
FY2018 23.4× (0.08%)
FY2017 23.4× 5.38%
FY2016 22.2× 7.33%

Quarterly newest first

Period EV/FCF Change
Aug 2026 17.3× (8.23%)
May 2026 18.9× (2.72%)
Feb 2026 19.4× (3.20%)
Nov 2025 20.0× (0.19%)
43 more quarters

Against its own ten years

Low −177× High 647×
Ten-year median 21.3×
Current reading's percentile 17

EV/FCF against peers

Company EV/FCF
RCL Royal Caribbean Cruises Ltd. compare −251×
NCLH Norwegian Cruise Line Holdings Ltd. compare −19.3×
TCOM Trip.com Group Limited Sponsored ADR compare 2.2×
EXPE Expedia Group, Inc. compare 7.2×
BKNG Booking Holdings Inc. compare 12.2×
ABNB Airbnb, Inc. compare 18.7×
CCL Carnival Corporation 19.5×
TNL Travel + Leisure Co. compare 25.5×
VIK Viking Holdings Ltd. compare 35.8×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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