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.
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Carnival Corporation (CCL) Return on assets
Carnival Corporation's return on assets over the twelve months to 31 August 2026 was 6.16%, up 0.7 percentage points from fiscal 2025 (5.48%). Over the past ten years it has ranged from −20.8% (fiscal 2020) to 7.58% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Travel Services industry median of 3.46% and above the Consumer Cyclical sector median of 0.87%.
Return on assets, annual
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Annual newest first
| Period | Return on assets | Change (points) |
|---|---|---|
| FY2025 | 5.48% | 1.58 |
| FY2024 | 3.90% | 4.05 |
| FY2023 | −0.15% | 11.45 |
| FY2022 | −11.6% | 6.17 |
| FY2021 | −17.8% | 2.98 |
| FY2020 | −20.8% | (27.59) |
| FY2019 | 6.84% | (0.74) |
| FY2018 | 7.58% | 1.04 |
| FY2017 | 6.54% | (0.57) |
| FY2016 | 7.11% | 2.64 |
Against its own ten years
Return on assets against peers
| Company | Return on assets |
|---|---|
| BKNG Booking Holdings Inc. compare | 23.9% |
| VIK Viking Holdings Ltd. compare | 10.8% |
| RCL Royal Caribbean Cruises Ltd. compare | 10.6% |
| ABNB Airbnb, Inc. compare | 9.65% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 9.52% |
| EXPE Expedia Group, Inc. compare | 7.27% |
| CCL Carnival Corporation | 6.16% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 3.34% |
| MMYT MakeMyTrip Limited compare | 1.03% |
| Travel Services industry median | 3.46% |
| Consumer Cyclical sector median | 0.87% |
| Market median | 0.00% |
What Return on assets is
ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.
Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)
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