Free Trial
→ Elon Musk’s next move from the Oval Office? (From Weiss Ratings) (Ad) Buy CCL Stock  Free CCL Stock Alerts

Carnival Co. & (CCL) Financials

Carnival Co. & logo
$18.33 -0.38 (-2.03%)
As of 03:59 PM Eastern
Compare
Annual Income Statements for Carnival Co. &

Annual Income Statements for Carnival Co. &

This table shows Carnival Co. &'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 1,757 -6,354 2,606 3,152 2,990 -10,236 -9,501 -6,093 -76 1,916
Consolidated Net Income / (Loss)		 1,757 2,779 2,606 3,152 2,990 -10,236 -9,501 -6,093 -74 1,916
Net Income / (Loss) Continuing Operations		 1,757 -6,354 2,606 3,153 2,989 -10,236 -9,501 -6,094 -76 1,916
Total Pre-Tax Income 		1,799 2,828 2,666 3,207 3,060 -10,253 -9,522 -6,080 -62 1,915
Total Operating Income		 2,574 3,071 2,809 3,325 3,276 -8,865 -7,089 -4,379 1,956 3,574
Total Gross Profit		 6,267 9,151 9,116 7,807 19,263 4,772 500 5,990 13,075 15,647
Total Revenue		 15,714 16,389 17,510 18,881 20,825 5,595 1,908 12,168 21,593 25,021
Operating Revenue		 15,488 16,389 17,510 18,881 20,825 5,595 1,908 12,168 21,593 25,021
Total Cost of Revenue		 9,447 7,238 8,394 11,074 1,562 823 1,408 6,178 8,518 9,374
Operating Cost of Revenue		 9,447 7,238 8,394 11,074 1,562 823 1,408 6,178 8,518 9,374
Total Operating Expenses		 3,693 15,311 6,307 4,483 15,986 13,637 7,590 10,369 11,119 12,074
Selling, General & Admin Expense		 2,067 2,197 2,265 2,450 2,480 1,878 1,885 2,515 2,950 3,252
Depreciation Expense		 1,626 1,738 1,846 2,017 2,160 2,241 2,233 2,275 2,370 2,557
Other Operating Expenses / (Income)		 - 11,376 2,107 0.00 11,320 5,455 2,655 5,139 5,799 6,265
Impairment Charge		 0.00 0.00 89 16 26 4,063 817 440 0.00 0.00
Total Other Income / (Expense), net		 -775 -243 -143 -118 -215 -1,388 -2,432 -1,701 -2,019 -1,658
Interest Expense		 217 223 198 194 206 1,354 2,271 1,610 2,177 1,834
Interest & Investment Income		 8.00 6.00 9.00 14 23 18 12 74 233 93
Other Income / (Expense), net		 -566 -26 46 62 -32 -52 -173 -165 -75 83
Income Tax Expense		 42 -49 60 54 71 -17 -21 14 13 -1.00
Basic Earnings per Share		 $2.26 $3.73 $3.61 $4.45 $4.34 ($13.20) ($8.46) ($5.16) ($0.06) $1.50
Weighted Average Basic Shares Outstanding		 777.40M 745M 721.90M 718.60M 710.17M 932.67B 2.16B - 2.43B 1.35B
Diluted Earnings per Share		 $2.26 $3.72 $3.59 $4.44 $4.32 ($13.20) ($8.46) ($5.16) ($0.06) $1.44
Weighted Average Diluted Shares Outstanding		 777.40M 745M 721.90M 718.60M 710.17M 932.67B 2.16B - 2.43B 1.35B
Weighted Average Basic & Diluted Shares Outstanding		 777.40M 745M 721.90M 718.60M 710.17M 932.67B 2.16B - 2.43B 1.35B

Quarterly Income Statements for Carnival Co. &

This table shows Carnival Co. &'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Net Income / (Loss) Attributable to Common Shareholders		 -693 -407 1,074 -50 -214 90 1,735 305 -78
Consolidated Net Income / (Loss)		 -693 -407 1,074 -48 -214 92 1,735 303 -78
Net Income / (Loss) Continuing Operations		 -693 -407 1,074 -50 -214 90 1,735 305 -78
Total Pre-Tax Income 		-686 -402 1,065 -39 -214 96 1,743 290 -71
Total Operating Income		 -172 120 1,624 384 276 560 2,178 560 543
Total Gross Profit		 1,121 2,929 4,447 4,578 1,701 3,536 5,164 5,246 3,542
Total Revenue		 4,432 4,911 6,854 5,396 5,406 5,781 7,896 5,938 5,810
Operating Revenue		 4,432 4,911 6,854 5,396 5,406 5,781 7,896 5,938 5,810
Total Cost of Revenue		 3,311 1,982 2,407 818 3,705 2,245 2,732 692 2,268
Operating Cost of Revenue		 3,310 1,982 2,407 819 2,843 2,245 2,732 1,554 2,268
Total Operating Expenses		 1,294 2,809 2,822 4,194 1,426 2,975 2,984 4,689 3,000
Selling, General & Admin Expense		 712 736 713 789 813 789 763 887 848
Depreciation Expense		 582 597 596 595 613 634 651 659 654
Other Operating Expenses / (Income)		 - 1,476 1,513 - - 1,552 1,570 - 1,498
Total Other Income / (Expense), net		 -514 -521 -559 -425 -489 -465 -435 -269 -614
Interest Expense		 539 573 599 466 504 483 444 403 629
Interest & Investment Income		 56 69 59 49 33 25 19 16 7.00
Other Income / (Expense), net		 -30 -17 -19 -9.00 -18 -7.00 -10 118 8.00
Income Tax Expense		 7.00 5.00 -9.00 10 0.00 5.00 8.00 -14 7.00
Basic Earnings per Share		 ($0.55) ($0.32) $0.85 ($0.04) ($0.17) $0.07 $1.37 $0.23 ($0.06)
Weighted Average Basic Shares Outstanding		 - - - 2.43B 2.43B 2.43B 1.34B 1.35B 1.35B
Diluted Earnings per Share		 ($0.55) ($0.32) $0.79 $0.02 ($0.17) $0.07 $1.26 $0.28 ($0.06)
Weighted Average Diluted Shares Outstanding		 - - - 2.43B 2.43B 2.43B 1.34B 1.35B 1.35B
Weighted Average Basic & Diluted Shares Outstanding		 - - - 2.43B 2.43B 2.43B 1.34B 1.35B 1.35B

Annual Cash Flow Statements for Carnival Co. &

This table details how cash moves in and out of Carnival Co. &'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 1,064 -792 -252 575 -457 9,109 -715 -2,940 -3,618 -1,204
Net Cash From Operating Activities		 4,545 5,134 5,322 5,549 5,475 -6,301 -4,109 -1,670 4,281 5,923
Net Cash From Continuing Operating Activities		 4,545 5,134 5,322 5,549 5,478 -6,299 -4,090 -1,661 4,280 5,965
Net Income / (Loss) Continuing Operations		 1,757 2,779 2,606 3,152 2,990 -10,236 -9,501 -6,093 -74 1,916
Consolidated Net Income / (Loss)		 1,757 2,779 2,606 3,152 2,990 -10,236 -9,501 -6,093 -74 1,916
Depreciation Expense		 1,626 1,738 1,846 2,017 2,160 2,241 2,233 2,275 2,370 2,557
Amortization Expense		 - - - - 22 119 172 171 161 141
Non-Cash Adjustments To Reconcile Net Income		 663 173 832 16 94 4,763 1,892 758 242 271
Changes in Operating Assets and Liabilities, net		 499 444 38 364 212 -3,186 1,114 1,228 1,581 1,080
Net Cash From Investing Activities		 -2,478 -3,323 -3,122 -3,514 -5,277 -3,240 -3,543 -4,767 -2,810 -4,535
Net Cash From Continuing Investing Activities		 -2,478 -3,323 -3,122 -3,514 -5,277 -3,240 -3,543 -4,767 -2,810 -4,534
Purchase of Property, Plant & Equipment		 -2,294 -3,062 -2,944 -3,749 -5,429 -3,620 -3,607 -4,940 -3,284 -4,626
Purchase of Investments		 -219 -291 -203 -135 0.00 -81 -2,963 -315 0.00 0.00
Sale of Property, Plant & Equipment		 - 26 0.00 389 26 334 351 70 340 58
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 2,673 515 0.00 0.00
Other Investing Activities, net		 35 4.00 25 -19 126 127 3.00 -97 134 34
Net Cash From Financing Activities		 -942 -2,591 -2,452 -1,460 -655 18,650 6,949 3,577 -5,089 -2,584
Net Cash From Continuing Financing Activities		 -942 -2,591 -2,452 -1,459 -654 18,649 6,949 3,577 -5,089 -2,584
Repayment of Debt		 -1,898 -856 -1,280 -1,598 -2,342 -1,771 -7,120 -4,820 -8,057 -5,679
Repurchase of Common Equity		 -533 -2,340 -552 -1,468 -603 -12 -188 -87 - 0.00
Issuance of Debt		 2,041 1,542 467 2,959 3,674 17,872 13,042 7,209 2,961 3,095
Issuance of Common Equity		 264 40 - 3.00 4.00 3,249 1,009 1,180 5.00 0.00
Other Financing Activities, net		 - - - - 0.00 0.00 206 95 2.00 0.00
Other Net Changes in Cash		 - - - - - - -13 -79 - -8.00

Quarterly Cash Flow Statements for Carnival Co. &

This table details how cash moves in and out of Carnival Co. &'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Net Change in Cash & Equivalents		 -546 -984 -1,636 -452 -162 -605 -126 -311 -376
Net Cash From Operating Activities		 388 1,137 1,834 922 1,768 2,039 1,205 911 925
Net Cash From Continuing Operating Activities		 387 1,138 1,835 920 1,769 2,039 1,212 945 919
Net Income / (Loss) Continuing Operations		 -693 -407 1,074 -48 -214 91 1,736 303 -78
Consolidated Net Income / (Loss)		 -693 -407 1,074 -48 -214 91 1,736 303 -78
Depreciation Expense		 582 597 595 596 613 634 651 659 654
Amortization Expense		 44 41 41 35 36 36 35 34 30
Non-Cash Adjustments To Reconcile Net Income		 55 106 71 10 81 86 59 45 306
Changes in Operating Assets and Liabilities, net		 399 801 54 327 1,253 1,192 -1,269 -96 7.00
Net Cash From Investing Activities		 -1,044 -465 -813 -488 -2,163 -1,221 -577 -574 -605
Net Cash From Continuing Investing Activities		 -1,044 -465 -812 -489 -2,163 -1,222 -576 -573 -616
Purchase of Property, Plant & Equipment		 -1,075 -697 -837 -675 -2,138 -1,319 -577 -592 -607
Other Investing Activities, net		 8.00 - 20 106 -25 97 -15 -23 -9.00
Net Cash From Financing Activities		 111 -1,663 -2,677 -860 237 -1,420 -770 -631 -690
Net Cash From Continuing Financing Activities		 110 -1,662 -2,677 -860 237 -1,420 -770 -631 -690
Repayment of Debt		 -720 -1,855 -4,622 -860 -1,498 -2,733 -770 -678 -3,670
Issuance of Debt		 830 186 1,945 - 1,735 1,313 - 47 2,980
Other Net Changes in Cash		 -2.00 8.00 19 - -3.00 -3.00 16 -18 -6.00

Annual Balance Sheets for Carnival Co. &

This table presents Carnival Co. &'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 39,237 38,881 40,778 42,401 45,058 53,593 53,344 51,703 49,120 49,057
Total Current Assets		 2,451 1,689 1,596 2,225 2,059 10,563 10,133 7,492 5,266 3,378
Cash & Equivalents		 1,395 603 395 982 518 9,513 8,939 4,029 2,415 1,210
Accounts Receivable		 303 298 312 358 444 273 246 395 556 590
Inventories, net		 330 322 387 450 427 335 356 428 528 507
Other Current Assets		 423 466 502 436 671 443 392 652 1,767 1,070
Plant, Property, & Equipment, net		 31,818 32,429 34,430 35,336 38,131 38,073 38,107 38,687 40,116 41,795
Total Noncurrent Assets		 4,968 4,763 4,752 4,839 4,869 4,957 5,104 5,524 3,738 3,885
Goodwill		 3,010 2,910 2,967 2,925 2,912 807 579 579 579 579
Intangible Assets		 1,308 1,275 1,200 1,176 1,174 1,186 1,181 1,156 1,169 1,163
Other Noncurrent Operating Assets		 650 578 585 738 783 2,964 3,344 3,789 1,990 2,143
Total Liabilities & Shareholders' Equity		 39,237 38,881 40,778 42,401 45,058 53,593 53,344 51,703 49,120 49,057
Total Liabilities		 15,466 16,284 16,562 17,957 19,692 33,038 41,199 44,638 42,239 39,804
Total Current Liabilities		 6,956 7,072 8,800 9,204 9,127 8,686 10,408 10,605 11,481 11,617
Short-Term Debt		 1,374 1,097 2,202 2,426 1,827 4,826 4,717 2,593 2,089 1,538
Accounts Payable		 627 713 762 730 756 624 797 1,050 1,168 1,133
Accrued Expenses		 1,683 1,740 1,877 1,654 1,809 1,144 1,641 1,942 2,003 2,358
Customer Deposits		 3,272 3,522 3,958 4,395 4,735 1,940 3,112 4,874 6,072 6,425
Other Current Liabilities		 - - - - 0.00 151 142 146 149 163
Total Noncurrent Liabilities		 8,510 9,212 7,762 8,753 10,565 24,352 30,791 34,033 30,758 28,187
Long-Term Debt		 7,413 8,302 6,993 7,897 9,675 22,130 28,509 31,953 28,483 25,936
Other Noncurrent Operating Liabilities		 1,097 910 769 856 890 2,222 2,282 2,080 2,275 2,251
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 23,771 22,597 24,216 24,443 25,365 20,555 12,144 7,065 6,882 9,251
Total Preferred & Common Equity		 23,771 22,597 24,216 24,443 25,365 20,555 12,144 7,065 6,882 9,251
Total Common Equity		 23,771 22,597 24,216 24,443 25,365 20,555 12,145 7,064 6,882 9,251
Common Stock		 8,927 8,997 9,055 9,121 9,172 14,320 15,664 17,245 17,085 17,529
Retained Earnings		 20,060 21,843 23,292 25,066 26,653 16,075 6,448 269 185 2,101
Treasury Stock		 -3,475 -5,789 -6,349 -7,795 -8,394 -8,404 -8,466 -8,468 -8,449 -8,404
Accumulated Other Comprehensive Income / (Loss)		 -1,741 -2,454 -1,782 -1,949 -2,066 -1,436 -1,501 -1,982 -1,939 -1,975

Quarterly Balance Sheets for Carnival Co. &

This table presents Carnival Co. &'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Total Assets		 51,703 49,120 49,761 49,603 49,805 49,057 48,535
Total Current Assets		 7,492 5,266 4,484 3,768 3,626 3,378 2,977
Cash & Equivalents		 4,029 2,415 2,242 1,646 1,522 1,210 833
Accounts Receivable		 395 556 644 494 632 590 543
Inventories, net		 428 528 531 509 492 507 518
Other Current Assets		 652 1,767 1,067 1,118 980 1,070 1,083
Plant, Property, & Equipment, net		 38,687 40,116 41,515 42,105 42,380 41,795 41,654
Total Noncurrent Assets		 5,524 3,738 3,762 3,730 3,800 3,885 3,904
Goodwill		 579 579 579 579 579 579 579
Intangible Assets		 1,156 1,169 1,168 1,167 1,173 1,163 1,162
Other Noncurrent Operating Assets		 3,789 1,990 2,015 1,984 2,048 2,143 2,163
Total Liabilities & Shareholders' Equity		 51,703 49,120 49,761 49,603 49,805 49,057 48,535
Total Liabilities		 44,638 42,239 43,079 42,788 41,207 39,804 39,352
Total Current Liabilities		 10,605 11,481 12,396 13,385 12,265 11,617 11,578
Short-Term Debt		 2,593 2,089 2,195 2,181 2,214 1,538 1,531
Accounts Payable		 1,050 1,168 1,103 1,063 1,062 1,133 1,091
Accrued Expenses		 1,942 2,003 2,318 2,114 2,393 2,358 1,939
Customer Deposits		 4,874 6,072 6,642 7,883 6,436 6,425 6,853
Other Current Liabilities		 146 149 138 144 159 163 164
Total Noncurrent Liabilities		 34,033 30,758 30,683 29,403 28,942 28,187 27,774
Long-Term Debt		 31,953 28,483 28,544 27,154 26,642 25,936 25,487
Other Noncurrent Operating Liabilities		 2,080 2,275 2,139 2,249 2,300 2,251 2,287
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 7,065 6,882 6,682 6,814 8,597 9,251 9,182
Total Preferred & Common Equity		 7,065 6,882 6,682 6,814 8,597 9,251 9,182
Total Common Equity		 7,064 6,882 6,682 6,814 8,597 9,251 9,183
Common Stock		 17,245 17,085 17,053 17,075 17,097 17,529 17,554
Retained Earnings		 269 185 -29 62 1,798 2,101 1,991
Treasury Stock		 -8,468 -8,449 -8,404 -8,404 -8,404 -8,404 -8,376
Accumulated Other Comprehensive Income / (Loss)		 -1,982 -1,939 -1,938 -1,919 -1,894 -1,975 -1,986

Annual Metrics and Ratios for Carnival Co. &

This table displays calculated financial ratios and metrics derived from Carnival Co. &'s official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -1.07% 4.30% 6.84% 7.83% 10.30% -73.13% -65.90% 537.74% 77.46% 15.88%
EBITDA Growth		 15.66% 31.62% -1.71% 14.95% 0.41% -220.84% 25.93% 56.80% 310.30% 44.04%
EBIT Growth		 33.42% 51.64% -6.24% 18.63% -4.22% -374.88% 18.56% 37.43% 141.40% 94.42%
NOPAT Growth		 42.92% 24.28% -12.11% 19.06% -2.11% -293.92% 20.03% 38.23% 144.67% 161.16%
Net Income Growth		 44.49% 58.17% -6.23% 20.95% -5.14% -442.34% 7.18% 35.87% 98.79% 2,689.19%
EPS Growth		 44.87% 64.60% -3.49% 23.68% -2.70% -405.56% 35.91% 39.01% 98.84% 2,500.00%
Operating Cash Flow Growth		 32.51% 12.96% 3.66% 4.27% -1.33% -215.09% 34.79% 59.36% 356.35% 38.36%
Free Cash Flow Firm Growth		 75.85% -32.88% -61.24% 123.04% -74.74% -1,342.67% 59.34% 23.96% 179.28% 60.86%
Invested Capital Growth		 -5.45% 0.74% 5.17% 2.32% 7.60% 4.53% -4.66% -1.76% -1.56% 1.37%
Revenue Q/Q Growth		 -0.06% 1.40% 50.02% -21.98% 1.59% -45.90% 190.41% 0.00% 0.00% 2.21%
EBITDA Q/Q Growth		 10.79% 8.19% 222.93% -61.32% -0.06% -44.71% -7.03% 0.00% 0.00% 6.09%
EBIT Q/Q Growth		 20.53% 12.86% 150.74% -71.74% -2.14% -31.48% -4.73% 0.00% 0.00% 9.03%
NOPAT Q/Q Growth		 11.59% 6.66% 147.60% -71.94% -2.09% -31.57% -3.66% 0.00% 0.00% 6.78%
Net Income Q/Q Growth		 26.95% 13.85% 144.37% -73.17% -2.29% -34.86% -4.36% 0.00% 0.00% 22.43%
EPS Q/Q Growth		 27.68% 14.11% -1.37% -1.11% -2.26% -28.28% -0.36% 0.00% 0.00% 22.03%
Operating Cash Flow Q/Q Growth		 8.11% 0.90% 0.00% 1.63% -0.94% -75.61% 23.81% 0.00% 0.00% -0.19%
Free Cash Flow Firm Q/Q Growth		 -87.97% -1.19% 119.45% 111.33% -70.39% -29.26% 53.37% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.12% 4.23% 4.87% -5.40% 0.00% 0.00% -1.16%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 39.88% 55.84% 52.06% 41.35% 92.50% 85.29% 26.21% 49.23% 60.55% 62.54%
EBITDA Margin		 23.13% 29.18% 26.85% 28.62% 26.06% -117.19% -254.56% -17.24% 20.43% 25.40%
Operating Margin		 16.38% 18.74% 16.04% 17.61% 15.73% -158.45% -371.54% -35.99% 9.06% 14.28%
EBIT Margin		 12.78% 18.58% 16.31% 17.94% 15.58% -159.37% -380.61% -37.34% 8.71% 14.62%
Profit (Net Income) Margin		 11.18% 16.96% 14.88% 16.69% 14.36% -182.95% -497.96% -50.07% -0.34% 7.66%
Tax Burden Percent		 97.67% 98.27% 97.75% 98.29% 97.71% 99.83% 99.78% 100.21% 119.35% 100.05%
Interest Burden Percent		 89.59% 92.87% 93.38% 94.69% 94.33% 114.98% 131.12% 133.80% -3.30% 52.37%
Effective Tax Rate		 2.33% -1.73% 2.25% 1.68% 2.32% 0.00% 0.00% 0.00% 0.00% -0.05%
Return on Invested Capital (ROIC)		 7.84% 9.99% 8.53% 9.79% 9.13% -16.69% -13.37% -8.54% 3.88% 10.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.53% 5.72% 6.94% 8.50% 7.06% -45.04% -35.23% -20.04% -1.22% 4.04%
Return on Net Nonoperating Assets (RNNOA)		 -0.52% 2.00% 2.61% 3.17% 2.88% -27.89% -44.74% -54.90% -4.94% 13.62%
Return on Equity (ROE)		 7.32% 11.99% 11.13% 12.96% 12.01% -44.58% -58.11% -63.44% -1.06% 23.75%
Cash Return on Invested Capital (CROIC)		 13.45% 9.25% 3.48% 7.49% 1.80% -21.13% -8.60% -6.76% 5.45% 8.78%
Operating Return on Assets (OROA)		 5.10% 7.80% 7.17% 8.14% 7.42% -18.08% -13.58% -8.65% 3.73% 7.45%
Return on Assets (ROA)		 4.47% 7.11% 6.54% 7.58% 6.84% -20.75% -17.77% -11.60% -0.15% 3.90%
Return on Common Equity (ROCE)		 7.32% 11.99% 11.13% 12.96% 12.01% -44.58% -58.11% -63.44% -1.06% 23.75%
Return on Equity Simple (ROE_SIMPLE)		 7.39% 12.30% 10.76% 12.90% 11.79% -49.80% -78.24% -86.24% -1.08% 20.71%
Net Operating Profit after Tax (NOPAT)		 2,514 3,124 2,746 3,269 3,200 -6,206 -4,962 -3,065 1,369 3,576
NOPAT Margin		 16.00% 19.06% 15.68% 17.31% 15.37% -110.91% -260.08% -25.19% 6.34% 14.29%
Net Nonoperating Expense Percent (NNEP)		 9.37% 4.27% 1.59% 1.29% 2.07% 28.35% 21.86% 11.51% 5.09% 6.10%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -7.37% 3.66% 9.74%
Cost of Revenue to Revenue		 60.12% 44.16% 47.94% 58.65% 7.50% 14.71% 73.79% 50.77% 39.45% 37.46%
SG&A Expenses to Revenue		 13.15% 13.41% 12.94% 12.98% 11.91% 33.57% 98.79% 20.67% 13.66% 13.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 23.50% 93.42% 36.02% 23.74% 76.76% 243.74% 397.80% 85.22% 51.49% 48.26%
Earnings before Interest and Taxes (EBIT)		 2,008 3,045 2,855 3,387 3,244 -8,917 -7,262 -4,544 1,881 3,657
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,634 4,783 4,701 5,404 5,426 -6,557 -4,857 -2,098 4,412 6,355
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.50 1.54 1.86 1.70 1.25 0.88 1.69 1.65 2.56 3.69
Price to Tangible Book Value (P/TBV)		 1.84 1.89 2.25 2.04 1.49 0.97 1.98 2.18 3.44 4.54
Price to Revenue (P/Rev)		 2.27 2.12 2.58 2.20 1.52 3.23 10.77 0.96 0.82 1.36
Price to Earnings (P/E)		 20.32 0.00 17.32 13.17 10.62 0.00 0.00 0.00 0.00 17.81
Dividend Yield		 2.49% 2.93% 2.65% 3.41% 4.49% 10.01% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.92% 0.00% 5.77% 7.60% 9.42% 0.00% 0.00% 0.00% 0.00% 5.62%
Enterprise Value to Invested Capital (EV/IC)		 1.38 1.39 1.63 1.50 1.18 0.93 1.23 1.13 1.31 1.70
Enterprise Value to Revenue (EV/Rev)		 2.74 2.66 3.08 2.69 2.05 6.34 23.39 3.30 2.12 2.41
Enterprise Value to EBITDA (EV/EBITDA)		 11.86 9.11 11.47 9.41 7.88 0.00 0.00 0.00 10.38 9.50
Enterprise Value to EBIT (EV/EBIT)		 21.46 14.31 18.89 15.01 13.17 0.00 0.00 0.00 24.35 16.51
Enterprise Value to NOPAT (EV/NOPAT)		 17.14 13.95 19.64 15.55 13.35 0.00 0.00 0.00 33.45 16.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.48 8.49 10.14 9.16 7.81 0.00 0.00 0.00 10.70 10.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.99 15.06 48.08 20.32 67.62 0.00 0.00 0.00 23.79 19.50
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.37 0.42 0.38 0.42 0.45 1.31 2.74 4.89 4.44 2.97
Long-Term Debt to Equity		 0.31 0.37 0.29 0.32 0.38 1.08 2.35 4.52 4.14 2.80
Financial Leverage		 0.34 0.35 0.38 0.37 0.41 0.62 1.27 2.74 4.06 3.37
Leverage Ratio		 1.64 1.68 1.70 1.71 1.76 2.15 3.27 5.47 7.23 6.09
Compound Leverage Factor		 1.47 1.56 1.59 1.62 1.66 2.47 4.29 7.32 -0.24 3.19
Debt to Total Capital		 26.99% 29.38% 27.52% 29.69% 31.20% 56.74% 73.23% 83.02% 81.63% 74.81%
Short-Term Debt to Total Capital		 4.22% 3.43% 6.59% 6.98% 4.96% 10.16% 10.40% 6.23% 5.58% 4.19%
Long-Term Debt to Total Capital		 22.77% 25.95% 20.93% 22.71% 26.24% 46.58% 62.84% 76.79% 76.05% 70.62%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.01% 70.62% 72.48% 70.31% 68.80% 43.26% 26.77% 16.98% 18.37% 25.19%
Debt to EBITDA		 2.42 1.97 1.96 1.91 2.12 -4.11 -6.84 -16.47 6.93 4.32
Net Debt to EBITDA		 2.03 1.84 1.87 1.73 2.02 -2.66 -4.96 -13.60 6.38 4.13
Long-Term Debt to EBITDA		 2.04 1.74 1.49 1.46 1.78 -3.38 -5.87 -15.23 6.46 4.08
Debt to NOPAT		 3.50 3.01 3.35 3.16 3.59 -4.34 -6.70 -11.27 22.33 7.68
Net Debt to NOPAT		 2.94 2.82 3.20 2.86 3.43 -2.81 -4.85 -9.31 20.56 7.34
Long-Term Debt to NOPAT		 2.95 2.66 2.55 2.42 3.02 -3.57 -5.75 -10.42 20.80 7.25
Altman Z-Score		 2.53 2.58 2.88 2.73 2.31 0.35 0.05 0.04 0.67 1.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.35 0.24 0.18 0.24 0.23 1.22 0.97 0.71 0.46 0.29
Quick Ratio		 0.24 0.13 0.08 0.15 0.11 1.13 0.90 0.42 0.26 0.15
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 4,312 2,894 1,122 2,502 632 -7,854 -3,193 -2,428 1,925 3,097
Operating Cash Flow to CapEx		 198.13% 169.10% 180.77% 165.15% 101.33% -191.75% -126.20% -34.29% 145.41% 129.66%
Free Cash Flow to Firm to Interest Expense		 19.87 12.98 5.67 12.90 3.07 -5.80 -1.41 -1.51 0.88 1.69
Operating Cash Flow to Interest Expense		 20.94 23.02 26.88 28.60 26.58 -4.65 -1.81 -1.04 1.97 3.23
Operating Cash Flow Less CapEx to Interest Expense		 10.37 9.41 12.01 11.28 0.35 -7.08 -3.24 -4.06 0.61 0.74
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.40 0.42 0.44 0.45 0.48 0.11 0.04 0.23 0.43 0.51
Accounts Receivable Turnover		 49.49 54.54 57.41 56.36 51.93 15.61 7.35 37.97 45.41 43.67
Inventory Turnover		 27.83 22.20 23.68 26.46 3.56 2.16 4.08 15.76 17.82 18.11
Fixed Asset Turnover		 0.49 0.51 0.52 0.54 0.57 0.15 0.05 0.32 0.55 0.61
Accounts Payable Turnover		 15.08 10.80 11.38 14.84 2.10 1.19 1.98 6.69 7.68 8.15
Days Sales Outstanding (DSO)		 7.37 6.69 6.36 6.48 7.03 23.39 49.64 9.61 8.04 8.36
Days Inventory Outstanding (DIO)		 13.12 16.44 15.41 13.79 102.47 168.97 89.57 23.16 20.48 20.15
Days Payable Outstanding (DPO)		 24.21 33.79 32.07 24.59 173.62 306.01 184.19 54.56 47.52 44.80
Cash Conversion Cycle (CCC)		 -3.71 -10.65 -10.30 -4.32 -64.13 -113.65 -44.98 -21.79 -19.00 -16.29
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 31,163 31,393 33,017 33,784 36,352 38,000 36,231 35,594 35,038 35,517
Invested Capital Turnover		 0.49 0.52 0.54 0.57 0.59 0.15 0.05 0.34 0.61 0.71
Increase / (Decrease) in Invested Capital		 -1,798 230 1,624 767 2,568 1,648 -1,769 -637 -556 479
Enterprise Value (EV)		 43,095 43,584 53,939 50,841 42,735 35,490 44,628 40,161 45,798 60,387
Market Capitalization		 35,703 34,788 45,139 41,500 31,751 18,047 20,541 11,632 17,641 34,123
Book Value per Share		 $29.36 $29.97 $32.41 $33.71 $35.60 $22.76 $10.42 $6.03 $5.88 $6.89
Tangible Book Value per Share		 $24.03 $24.42 $26.84 $28.05 $29.86 $20.55 $8.91 $4.55 $4.38 $5.60
Total Capital		 32,558 31,996 33,411 34,766 36,867 47,511 45,370 41,611 37,454 36,725
Total Debt		 8,787 9,399 9,195 10,323 11,502 26,956 33,226 34,546 30,572 27,474
Total Long-Term Debt		 7,413 8,302 6,993 7,897 9,675 22,130 28,509 31,953 28,483 25,936
Net Debt		 7,392 8,796 8,800 9,341 10,984 17,443 24,087 28,529 28,157 26,264
Capital Expenditures (CapEx)		 2,294 3,036 2,944 3,360 5,403 3,286 3,256 4,870 2,944 4,568
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4,526 -4,889 -5,397 -5,535 -5,759 -2,810 -4,697 -6,537 -6,541 -7,911
Debt-free Net Working Capital (DFNWC)		 -3,131 -4,286 -5,002 -4,553 -5,241 6,703 4,442 -520 -4,126 -6,701
Net Working Capital (NWC)		 -4,505 -5,383 -7,204 -6,979 -7,068 1,877 -275 -3,113 -6,215 -8,239
Net Nonoperating Expense (NNE)		 757 345 140 117 210 4,031 4,539 3,028 1,443 1,660
Net Nonoperating Obligations (NNO)		 7,392 8,796 8,801 9,341 10,987 17,445 24,087 28,529 28,156 26,266
Total Depreciation and Amortization (D&A)		 1,626 1,738 1,846 2,017 2,182 2,360 2,405 2,446 2,531 2,698
Debt-free, Cash-free Net Working Capital to Revenue		 -28.80% -29.83% -30.82% -29.32% -27.65% -50.22% -246.17% -53.72% -30.29% -31.62%
Debt-free Net Working Capital to Revenue		 -19.92% -26.15% -28.57% -24.11% -25.17% 119.80% 232.81% -4.27% -19.11% -26.78%
Net Working Capital to Revenue		 -28.67% -32.85% -41.14% -36.96% -33.94% 33.55% -14.41% -25.58% -28.78% -32.93%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.26 $3.73 $3.61 $4.45 $4.34 ($13.20) ($8.46) $0.00 ($0.06) $1.50
Adjusted Weighted Average Basic Shares Outstanding		 794.20M 751.87M 743.52M 718.60M 710.17M 932.67B 2.16B 0.00 2.43B 1.35B
Adjusted Diluted Earnings per Share		 $2.26 $3.72 $3.59 $4.44 $4.32 ($13.20) ($8.46) $0.00 ($0.06) $1.44
Adjusted Weighted Average Diluted Shares Outstanding		 794.20M 751.87M 743.52M 718.60M 710.17M 932.67B 2.16B 0.00 2.43B 1.35B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 794.20M 751.87M 743.52M 718.60M 710.17M 932.67B 2.16B 0.00 2.43B 1.35B
Normalized Net Operating Profit after Tax (NOPAT)		 2,514 2,150 2,833 3,285 3,225 -3,361 -4,390 -2,757 1,369 2,502
Normalized NOPAT Margin		 16.00% 13.12% 16.18% 17.40% 15.49% -60.08% -230.10% -22.66% 6.34% 10.00%
Pre Tax Income Margin		 11.45% 17.26% 15.23% 16.99% 14.69% -183.25% -499.06% -49.97% -0.29% 7.65%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 9.25 13.65 14.42 17.46 15.75 -6.59 -3.20 -2.82 0.86 1.99
NOPAT to Interest Expense		 11.58 14.01 13.87 16.85 15.53 -4.58 -2.19 -1.90 0.63 1.95
EBIT Less CapEx to Interest Expense		 -1.32 0.04 -0.45 0.14 -10.48 -9.01 -4.63 -5.85 -0.49 -0.50
NOPAT Less CapEx to Interest Expense		 1.01 0.40 -1.00 -0.47 -10.69 -7.01 -3.62 -4.93 -0.72 -0.54
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 46.44% 35.16% 41.71% 42.99% 46.39% -6.73% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 76.78% 119.36% 62.89% 89.56% 66.56% -6.85% -1.98% -1.43% 0.00% 0.00%

Quarterly Metrics and Ratios for Carnival Co. &

This table displays calculated financial ratios and metrics derived from Carnival Co. &'s official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 21.98% 17.72% 15.20% 10.04% 7.47%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% 113.92% 65.05% 27.35% 36.28% 36.16%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% 227.72% 436.89% 35.08% 80.80% 113.57%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% 260.47% 531.94% 32.38% 118.39% 96.74%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% 69.12% 122.60% 61.55% 731.25% 63.55%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 69.09% 121.88% 59.49% 1,300.00% 64.71%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% 355.67% 79.33% -34.30% -1.19% -47.68%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.55%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.37% 0.54%
Revenue Q/Q Growth		 0.00% 10.81% 39.56% -21.27% 0.00% 6.94% 36.59% -24.80% -2.16%
EBITDA Q/Q Growth		 0.00% 74.76% 202.43% -55.11% 0.00% 34.84% 133.36% -51.96% -9.92%
EBIT Q/Q Growth		 0.00% 150.99% 1,458.25% -76.64% 0.00% 114.34% 292.04% -68.73% -18.73%
NOPAT Q/Q Growth		 0.00% 169.77% 1,849.67% -83.59% 0.00% 174.76% 308.42% -72.92% -35.25%
Net Income Q/Q Growth		 0.00% 41.27% 363.88% -104.47% 0.00% 142.99% 1,785.87% -82.54% -125.74%
EPS Q/Q Growth		 0.00% 41.82% 346.88% -97.47% 0.00% 141.18% 1,700.00% -77.78% -121.43%
Operating Cash Flow Q/Q Growth		 0.00% 193.04% 61.30% -49.73% 0.00% 15.33% -40.90% -24.40% 1.54%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 2.90% 0.61% 100.32% 76.89%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -1.92% 4.15% -1.16% -0.42%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 25.29% 59.64% 64.88% 84.84% 31.47% 61.17% 65.40% 88.35% 60.96%
EBITDA Margin		 9.57% 15.09% 32.70% 18.64% 16.78% 21.16% 36.14% 23.09% 21.26%
Operating Margin		 -3.88% 2.44% 23.69% 7.12% 5.11% 9.69% 27.58% 9.43% 9.35%
EBIT Margin		 -4.56% 2.10% 23.42% 6.95% 4.77% 9.57% 27.46% 11.42% 9.48%
Profit (Net Income) Margin		 -15.64% -8.29% 15.67% -0.89% -3.96% 1.59% 21.97% 5.10% -1.34%
Tax Burden Percent		 101.02% 101.24% 100.85% 123.08% 100.00% 95.83% 99.54% 104.48% 109.86%
Interest Burden Percent		 339.60% -390.29% 66.36% -10.40% -82.95% 17.36% 80.40% 42.77% -12.89%
Effective Tax Rate		 0.00% 0.00% -0.85% 0.00% 0.00% 5.21% 0.46% -4.83% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 3.07% 4.59% 12.47% 37.41% 7.01% 4.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 1.94% 1.73% 9.31% 34.24% 5.97% 3.04%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 7.96% 7.37% 37.81% 108.88% 20.13% 10.48%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 11.03% 11.95% 50.29% 146.29% 27.14% 15.19%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 5.49% 0.00% 0.00% 0.00% 8.78% 10.32%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 2.98% 2.16% 4.52% 13.50% 5.82% 4.91%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -0.38% -1.80% 0.75% 10.80% 2.60% -0.69%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 11.03% 11.95% 50.29% 146.29% 27.14% 15.20%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 6.06% 13.27% 18.20% 0.00% 22.35%
Net Operating Profit after Tax (NOPAT)		 -120 84 1,638 269 193 531 2,168 587 380
NOPAT Margin		 -2.72% 1.71% 23.89% 4.98% 3.57% 9.18% 27.46% 9.89% 6.54%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 1.13% 2.86% 3.17% 3.17% 1.04% 1.68%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.72% - - - 1.60% 1.05%
Cost of Revenue to Revenue		 74.71% 40.36% 35.12% 15.16% 68.54% 38.83% 34.60% 11.65% 39.04%
SG&A Expenses to Revenue		 16.07% 14.99% 10.40% 14.62% 15.04% 13.65% 9.66% 14.94% 14.60%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 29.20% 57.20% 41.17% 77.72% 26.38% 51.46% 37.79% 78.97% 51.64%
Earnings before Interest and Taxes (EBIT)		 -202 103 1,605 375 258 553 2,168 678 551
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 424 741 2,241 1,006 907 1,223 2,854 1,371 1,235
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 2.56 2.78 2.90 2.51 3.69 3.52
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 3.44 3.76 3.90 3.16 4.54 4.35
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.82 0.82 0.84 0.88 1.36 1.27
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 46.10 21.95 13.85 17.81 15.77
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 2.17% 4.56% 7.22% 5.62% 6.34%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 1.31 1.34 1.38 1.36 1.70 1.66
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 2.12 2.09 2.02 2.00 2.41 2.30
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 10.38 9.62 8.82 8.17 9.50 8.76
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 24.35 20.11 17.00 14.59 16.51 14.82
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 33.45 19.87 16.79 14.62 16.89 15.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 10.70 8.32 7.23 8.25 10.20 11.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.50 16.08
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 4.44 4.60 4.31 3.36 2.97 2.94
Long-Term Debt to Equity		 0.00 0.00 0.00 4.14 4.27 3.99 3.10 2.80 2.78
Financial Leverage		 0.00 0.00 0.00 4.09 4.26 4.06 3.18 3.37 3.45
Leverage Ratio		 0.00 0.00 0.00 7.23 7.45 7.28 5.79 6.09 6.20
Compound Leverage Factor		 0.00 0.00 0.00 -0.75 -6.18 1.26 4.66 2.60 -0.80
Debt to Total Capital		 0.00% 0.00% 0.00% 81.63% 82.14% 81.15% 77.05% 74.81% 74.64%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 5.58% 5.87% 6.03% 5.91% 4.19% 4.23%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 76.05% 76.28% 75.12% 71.13% 70.62% 70.41%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 18.37% 17.86% 18.85% 22.95% 25.19% 25.37%
Debt to EBITDA		 0.00 0.00 0.00 6.93 6.28 5.46 4.82 4.32 4.04
Net Debt to EBITDA		 0.00 0.00 0.00 6.38 5.82 5.15 4.56 4.13 3.92
Long-Term Debt to EBITDA		 0.00 0.00 0.00 6.46 5.83 5.05 4.45 4.08 3.81
Debt to NOPAT		 0.00 0.00 0.00 22.33 12.98 10.38 8.62 7.68 7.05
Net Debt to NOPAT		 0.00 0.00 0.00 20.56 12.03 9.80 8.16 7.34 6.84
Long-Term Debt to NOPAT		 0.00 0.00 0.00 20.80 12.05 9.61 7.96 7.25 6.65
Altman Z-Score		 0.00 0.00 0.00 0.57 0.54 0.56 0.79 0.93 0.90
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% -0.01%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.46 0.36 0.28 0.30 0.29 0.26
Quick Ratio		 0.00 0.00 0.00 0.26 0.23 0.16 0.18 0.15 0.12
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -34,986 -33,972 -33,766 108 191
Operating Cash Flow to CapEx		 36.09% 163.13% 219.12% 136.59% 82.69% 154.59% 208.84% 153.89% 152.39%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -69.42 -70.34 -76.05 0.27 0.30
Operating Cash Flow to Interest Expense		 0.72 1.98 3.06 1.98 3.51 4.22 2.71 2.26 1.47
Operating Cash Flow Less CapEx to Interest Expense		 -1.27 0.77 1.66 0.53 -0.73 1.49 1.41 0.79 0.51
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.43 0.45 0.47 0.49 0.51 0.52
Accounts Receivable Turnover		 0.00 0.00 0.00 45.41 35.04 47.44 38.73 43.67 42.84
Inventory Turnover		 0.00 0.00 0.00 17.82 16.78 18.03 19.31 18.11 17.96
Fixed Asset Turnover		 0.00 0.00 0.00 0.55 0.54 0.56 0.58 0.61 0.61
Accounts Payable Turnover		 0.00 0.00 0.00 7.68 8.08 8.63 8.95 8.15 8.59
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 8.04 10.42 7.69 9.42 8.36 8.52
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 20.48 21.75 20.25 18.90 20.15 20.32
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 47.52 45.17 42.29 40.80 44.80 42.50
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 -19.00 -13.01 -14.35 -12.48 -16.29 -13.66
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 35,038 35,179 34,503 35,934 35,517 35,368
Invested Capital Turnover		 0.00 0.00 0.00 0.62 1.28 1.36 1.36 0.71 0.72
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 35,179 34,503 35,934 479 189
Enterprise Value (EV)		 0.00 0.00 0.00 45,798 47,075 47,444 48,951 60,387 58,536
Market Capitalization		 12,440 13,155 18,531 17,641 18,578 19,755 21,617 34,123 32,351
Book Value per Share		 $0.00 $0.00 $0.00 $5.88 $2.75 $5.20 $6.56 $6.89 $6.79
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $4.38 $2.03 $3.87 $5.22 $5.60 $5.50
Total Capital		 0.00 0.00 0.00 37,454 37,421 36,149 37,453 36,725 36,200
Total Debt		 0.00 0.00 0.00 30,572 30,739 29,335 28,856 27,474 27,018
Total Long-Term Debt		 0.00 0.00 0.00 28,483 28,544 27,154 26,642 25,936 25,487
Net Debt		 0.00 0.00 0.00 28,157 28,497 27,689 27,334 26,264 26,185
Capital Expenditures (CapEx)		 1,075 697 837 675 2,138 1,319 577 592 607
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -6,541 -7,959 -9,082 -7,947 -7,911 -7,903
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 -4,126 -5,717 -7,436 -6,425 -6,701 -7,070
Net Working Capital (NWC)		 0.00 0.00 0.00 -6,215 -7,912 -9,617 -8,639 -8,239 -8,601
Net Nonoperating Expense (NNE)		 573 491 564 317 407 439 433 284 458
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 28,156 28,497 27,689 27,337 26,266 26,186
Total Depreciation and Amortization (D&A)		 626 638 636 631 649 670 686 693 684
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -30.29% -35.27% -38.75% -32.46% -31.62% -31.08%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -19.11% -25.33% -31.73% -26.25% -26.78% -27.81%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% -28.78% -35.06% -41.03% -35.29% -32.93% -33.83%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.04) ($0.17) $0.07 $1.37 $0.23 ($0.06)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 2.43B 2.43B 2.43B 1.34B 1.35B 1.35B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.02 ($0.17) $0.07 $1.26 $0.28 ($0.06)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 2.43B 2.43B 2.43B 1.34B 1.35B 1.35B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 2.43B 2.43B 2.43B 1.34B 1.35B 1.35B
Normalized Net Operating Profit after Tax (NOPAT)		 -120 84 1,137 269 193 531 2,168 392 380
Normalized NOPAT Margin		 -2.72% 1.71% 16.59% 4.98% 3.57% 9.18% 27.46% 6.60% 6.54%
Pre Tax Income Margin		 -15.48% -8.19% 15.54% -0.72% -3.96% 1.66% 22.07% 4.88% -1.22%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 -0.37 0.18 2.68 0.80 0.51 1.14 4.88 1.68 0.88
NOPAT to Interest Expense		 -0.22 0.15 2.73 0.58 0.38 1.10 4.88 1.46 0.60
EBIT Less CapEx to Interest Expense		 -2.37 -1.04 1.28 -0.64 -3.73 -1.59 3.58 0.21 -0.09
NOPAT Less CapEx to Interest Expense		 -2.22 -1.07 1.34 -0.87 -3.86 -1.63 3.58 -0.01 -0.36
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Carnival Co. &'s Financials

When does Carnival Co. &'s fiscal year end?

According to the most recent income statement we have on file, Carnival Co. &'s financial year ends in November. Their financial year 2024 ended on November 30, 2024.

How has Carnival Co. &'s net income changed over the last 9 years?

Carnival Co. &'s net income appears to be on an upward trend, with a most recent value of $1.92 billion in 2024, rising from $1.76 billion in 2015. The previous period was -$74 million in 2023.

What is Carnival Co. &'s operating income?
Carnival Co. &'s total operating income in 2024 was $3.57 billion, based on the following breakdown:
  • Total Gross Profit: $15.65 billion
  • Total Operating Expenses: $12.07 billion
How has Carnival Co. & revenue changed over the last 9 years?

Over the last 9 years, Carnival Co. &'s total revenue changed from $15.71 billion in 2015 to $25.02 billion in 2024, a change of 59.2%.

How much debt does Carnival Co. & have?

Carnival Co. &'s total liabilities were at $39.80 billion at the end of 2024, a 5.8% decrease from 2023, and a 157.4% increase since 2015.

How much cash does Carnival Co. & have?

In the past 9 years, Carnival Co. &'s cash and equivalents has ranged from $395 million in 2017 to $9.51 billion in 2020, and is currently $1.21 billion as of their latest financial filing in 2024.

How has Carnival Co. &'s book value per share changed over the last 9 years?

Over the last 9 years, Carnival Co. &'s book value per share changed from 29.36 in 2015 to 6.89 in 2024, a change of -76.5%.


Related Companies

This page (NYSE:CCL) was last updated on 4/30/2025 by MarketBeat.com Staff
From Our Partners
Trump Orders 'National Digital Asset Stockpile'
‘Digital Asset Reserve’ for THIS Coin??? Get all the details before this story gains even more traction
Crypto 101 Media | Sponsored
M.A.G.A. is Finished – This Could be even Better
You’ve no doubt heard Trump’s rally cry: Make America Great Again. But recently the President made a big ch...
Paradigm Press | Sponsored
URGENT: This Altcoin Opportunity Won’t Wait – Act Now
The July 23rd Crypto Trigger Could Mark the Beginning of Bitcoin’s Next Big Move Bitcoin’s early 2024 ETF r...
Crypto Swap Profits | Sponsored
Now I look stupid. Real stupid...
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we...
Porter & Company | Sponsored
Elon Musk’s next move from the Oval Office?
No one is closer to President Trump than Tesla CEO Elon Musk. He's been dubbed Trump's "first buddy." Tr...
Weiss Ratings | Sponsored
China’s next move could destroy U.S. tech
The U.S. fired the first shot with 145% tariffs. Apple relies heavily on Chinese production. Tesla needs Ch...
Investors Alley | Sponsored
This isn’t a trade war. It’s worse…
Investigative Journalist Bombhsell: The Curse on the U.S Dollar Depleted retirement accounts? Meme coin inv...
Stansberry Research | Sponsored
Top performing AI play of the decade…? (The answer will shock you)
You’ve seen the headlines about Nvidia. Now Tim Sykes is sounding the alarm — because what CEO Jensen Huang is...
Timothy Sykes | Sponsored