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
0.00%
Free cash flow
−3.26%
Total debt
−9.70%

Quarter to August 2026, against a year earlier

29.77 0.33 +1.12%
Market cap
$39.8B
P/E
12.8×
Fwd P/E
13.1×
Dividend yield
2.03%
F-score
8/9
Altman Z
1.24
Beneish M
−2.69
Dividend safety
56/100

Carnival Corporation (CCL) Return on equity

Alert me on Return on equity

Carnival Corporation's return on equity over the twelve months to 31 August 2026 was 24.0%, down 1.6 percentage points from fiscal 2025 (25.6%). Over the past ten years it has ranged from −63.4% (fiscal 2022) to 25.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Travel Services industry median of 1.26% and above the Consumer Cyclical sector median of 3.20%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 25.6% 1.88
FY2024 23.8% 24.81
FY2023 −1.06% 62.38
FY2022 −63.4% (5.33)
FY2021 −58.1% (13.53)
FY2020 −44.6% (56.59)
FY2019 12.0% (0.95)
FY2018 13.0% 1.83
FY2017 11.1% (0.86)
FY2016 12.0% 4.67

Against its own ten years

Low −63.4% High 25.6%
Ten-year median 11.1%
Current reading's percentile 100

Return on equity against peers

Company Return on equity
VIK Viking Holdings Ltd. compare 194.5%
EXPE Expedia Group, Inc. compare 76.5%
RCL Royal Caribbean Cruises Ltd. compare 41.0%
ABNB Airbnb, Inc. compare 35.8%
NCLH Norwegian Cruise Line Holdings Ltd. compare 31.2%
CCL Carnival Corporation 24.0%
TCOM Trip.com Group Limited Sponsored ADR compare 0.00%
BKNG Booking Holdings Inc. compare −94.8%
MMYT MakeMyTrip Limited compare −162.4%
Travel Services industry median 1.26%
Consumer Cyclical sector median 3.20%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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