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) Gross margin
Carnival Corporation's gross margin over the twelve months to 31 May 2026 was 39.7%, down 0.4 percentage points from fiscal 2025 (40.1%). Over the past ten years it has ranged from −113.0% (fiscal 2021) to 42.8% (fiscal 2016); the current reading is higher than 82% of that period. That is below the Travel Services industry median of 67.6% and above the Consumer Cyclical sector median of 35.0%.
Gross margin, annual
Annual
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 40.1% | 2.60 |
| FY2024 | 37.5% | 3.80 |
| FY2023 | 33.7% | 26.71 |
| FY2022 | 6.99% | 119.94 |
| FY2021 | −113.0% | (100.74) |
| FY2020 | −12.2% | (50.35) |
| FY2019 | 38.1% | (3.21) |
| FY2018 | 41.4% | 1.32 |
| FY2017 | 40.0% | (2.72) |
| FY2016 | 42.8% | 2.87 |
Quarterly
| Period | Gross margin | Change (points) |
|---|---|---|
| May 2026 | 36.6% | 0.48 |
| Feb 2026 | 36.1% | (2.13) |
| Nov 2025 | 38.2% | (7.98) |
| Aug 2025 | 46.2% | 7.63 |
| 42 more quarters | Free account |
Against its own ten years
Low −113.0%
High 42.8%
Ten-year median
38.1%
Current reading's percentile
82
Gross margin against peers
| Company | Gross margin |
|---|---|
| BKNG Booking Holdings Inc. compare | 100.0% |
| EXPE Expedia Group, Inc. compare | 90.4% |
| ABNB Airbnb, Inc. compare | 82.9% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 80.1% |
| GBTG Global Business Travel Group, Inc. compare | 58.5% |
| RCL Royal Caribbean Cruises Ltd. compare | 49.1% |
| VIK Viking Holdings Ltd. compare | 43.2% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 42.5% |
| CCL Carnival Corporation | 39.7% |
| Travel Services industry median | 67.6% |
| Consumer Cyclical sector median | 35.0% |
| Market median | 46.3% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CCL
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- 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
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- Current ratio
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