Carnival Corporation CCL
22.25
0.46
2.11%
as of 25 Sep
- Market cap
- $30.1B
- P/E
- 9.6×
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Carnival Corporation (CCL) Free cash flow
Carnival Corporation's free cash flow for fiscal 2025 was $2.9B, up 116.2% from $1.4B in fiscal 2024. Over the twelve months to 31 May 2026 it was $3.2B. Over the past ten years it has ranged from −$9.6B (fiscal 2020) to $2.9B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 5 consecutive fiscal years. Carnival Corporation ranks 5th of 19 Travel Services companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.9B | 116.24% |
| FY2024 | $1.4B | 1.35% |
| FY2023 | $1.3B | — |
| FY2022 | −$6.5B | — |
| FY2021 | −$7.4B | — |
| FY2020 | −$9.6B | — |
| FY2019 | $72.0M | (96.71%) |
| FY2018 | $2.2B | (7.95%) |
| FY2017 | $2.4B | 13.35% |
| FY2016 | $2.1B | (6.80%) |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| May 2026 | $1.8B | 150.71% |
| Feb 2026 | $700.0M | 2,943.48% |
| Nov 2025 | $23.0M | (96.87%) |
| Aug 2025 | $736.0M | (60.04%) |
| 42 more quarters | Free account |
Against its own ten years
Low −$9.6B
High $2.9B
Ten-year median
$1.4B
Current reading's percentile
100
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| BKNG Booking Holdings Inc. compare | $9.5B |
| TCOM Trip.com Group Limited Sponsored ADR compare | $7.9B |
| ABNB Airbnb, Inc. compare | $4.9B |
| EXPE Expedia Group, Inc. compare | $4.5B |
| CCL Carnival Corporation | $3.2B |
| VIK Viking Holdings Ltd. compare | $1.2B |
| GBTG Global Business Travel Group, Inc. compare | $102.0M |
| RCL Royal Caribbean Cruises Ltd. compare | −$416.0M |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | −$1.2B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on CCL
- Revenue
- Net income
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement