Carnival Corporation CCL
- Market cap
- $30.1B
- P/E
- 9.6×
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Carnival Corporation (CCL) Return on invested capital
Carnival Corporation's return on invested capital over the twelve months to 31 May 2026 was 7.83%, up 0.3 percentage points from fiscal 2025 (7.57%). Over the past ten years it has ranged from −15.9% (fiscal 2020) to 7.57% (fiscal 2025) — the current reading is the highest in ten years. That is above the Travel Services industry median of 4.65% and above the Consumer Cyclical sector median of 3.17%.
Return on invested capital, annual
Annual
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 7.57% | 1.28 |
| FY2024 | 6.29% | 2.80 |
| FY2023 | 3.49% | 11.22 |
| FY2022 | −7.73% | 5.53 |
| FY2021 | −13.3% | 2.61 |
| FY2020 | −15.9% | (21.54) |
| FY2019 | 5.67% | (0.64) |
| FY2018 | 6.31% | 0.91 |
| FY2017 | 5.40% | (0.80) |
| FY2016 | 6.20% | 1.03 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| VIK Viking Holdings Ltd. compare | 26.5% |
| RCL Royal Caribbean Cruises Ltd. compare | 9.84% |
| CCL Carnival Corporation | 7.83% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 6.10% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 5.51% |
| GBTG Global Business Travel Group, Inc. compare | 1.61% |
| BKNG Booking Holdings Inc. compare | 0.00% |
| EXPE Expedia Group, Inc. compare | 0.00% |
| ABNB Airbnb, Inc. compare | 0.00% |
| Travel Services industry median | 4.65% |
| Consumer Cyclical sector median | 3.17% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on CCL
- Revenue
- Net income
- EBITDA
- Free cash flow
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement