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Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $26.6B | $6.9B | $2.8B | $2.6B | 22.5% | 6.4% | 44.1% |
| 2024 | $25.0B | $6.2B | $1.9B | $1.3B | 20.7% | 15.9% | -2689.2% |
| 2023 | $21.6B | $4.4B | $-74M | $997M | -1.1% | 77.4% | -98.8% |
| 2022 | $12.2B | $-2.2B | $-6.1B | $-6.6B | -86.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 26,621 |
| Operating Revenue | 26,621 |
| Cost Of Revenue | 15,947 |
| Gross Profit | 10,674 |
| Operating Expense | 6,192 |
| Selling General And Administration | 3,402 |
| Total Expenses | 22,139 |
| Operating Income | 4,482 |
| Total Operating Income As Reported | 4,483 |
| EBITDA | 6,911 |
| Normalized EBITDA | 7,320 |
| EBIT | 4,121 |
| Interest Income | 51 |
| Interest Expense | 1,349 |
| Net Interest Income | -1,298 |
| Other Non Operating Income Expenses | -4 |
| Other Income Expense | -413 |
| Interest Income Non Operating | 51 |
| Interest Expense Non Operating | 1,349 |
| Net Non Operating Interest Income Expense | -1,298 |
| Pretax Income | 2,772 |
| Tax Provision | 12 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -1.77 |
| Net Income Continuous Operations | 2,760 |
| Net Income From Continuing And Discontinued Operation | 2,760 |
| Net Income From Continuing Operation Net Minority Interest | 2,760 |
| Net Income | 2,760 |
| Net Income Common Stockholders | 2,760 |
| Net Income Including Noncontrolling Interests | 2,760 |
| Normalized Income | 3,167.23 |
| Diluted NI Availto Com Stockholders | 2,831 |
| Basic Average Shares | 1,312 |
| Diluted Average Shares | 1,402 |
| Reconciled Depreciation | 2,790 |
| Reconciled Cost Of Revenue | 15,947 |
| Total Unusual Items | -409 |
| Total Unusual Items Excluding Goodwill | -409 |
| Special Income Charges | -409 |
| Other Special Charges | 409 |
| Impairment Of Capital Assets | - |
| Depreciation Amortization Depletion Income Statement | 2,790 |
| Depreciation And Amortization In Income Statement | 2,790 |
| Average Dilution Earnings | 71 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Carnival Corporation & plcthis co. | CCL | $38.6B | 13.98↓ discount | 3.14 | 22.5% | 9.35 |
| eBay Inc. | EBAY | $48.5B | 23.86 | 10.50 | 44.0% | 17.81 |
| D.R. Horton, Inc. | DHI | $41.5B | 11.58 | 1.72 | 14.8% | 9.85 |
| Yum! Brands, Inc. | YUM | $40.8B | 26.18 | -5.57 | -21.3% | 19.14 |
| Chipotle Mexican Grill, Inc. | CMG |
| - |
| - |
| - |
| - |
| - |
| - |
| $36.1B |
| 23.54 |
| 12.77 |
| 54.3% |
| 17.22 |
| Las Vegas Sands Corp. | LVS | $33.6B | 20.66 | 21.14 | 102.3% | 10.13 |
| Tapestry, Inc. | TPR | $28.4B | 154.92 | 33.09 | 21.4% | 59.20 |
| Casey's General Stores, Inc. | CASY | $28.2B | 51.65 | 8.05 | 15.6% | 25.72 |
| Expedia Group, Inc. | EXPE | $27.3B | 21.07 | 21.24 | 100.8% | 10.18 |
| Peer Median | - | 23.70 | 11.64 | 32.7% | 17.51 | |