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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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Carnival Corporation (CCL) trades at a price to free cash flow of 11.1×. Over the past ten years it has ranged from 0.0× (November 2023) to 497× (January 2020); the current reading is higher than 35% of that period. That is in line with the Travel Services industry median of 11.4× and below the Consumer Cyclical sector median of 13.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 11.6× (52.48%)
FY2024 24.4× 71.90%
FY2023 14.2× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 426× 2,083.40%
FY2018 19.5× (2.02%)
FY2017 19.9× 9.17%
FY2016 18.3× 4.67%

Quarterly newest first

Period Price to free cash flow Change
Aug 2026 10.2× (13.71%)
May 2026 11.8× (2.83%)
Feb 2026 12.2× 4.84%
Nov 2025 11.6× (7.26%)
43 more quarters

Against its own ten years

Low 0.0× High 497×
Ten-year median 13.9×
Current reading's percentile 35

Price to free cash flow against peers

Company Price to free cash flow
NCLH Norwegian Cruise Line Holdings Ltd. compare n/m
RCL Royal Caribbean Cruises Ltd. compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 3.2×
EXPE Expedia Group, Inc. compare 7.8×
CCL Carnival Corporation 11.1×
BKNG Booking Holdings Inc. compare 13.2×
ABNB Airbnb, Inc. compare 21.4×
VIK Viking Holdings Ltd. compare 32.3×
MMYT MakeMyTrip Limited compare 39.6×
Travel Services industry median 11.4×
Consumer Cyclical sector median 13.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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