Fundamental analysis · SEC EDGAR · TTM through 28/02/2026

Fundamental analysis of Carnival Corp Ltd.

CCL · NYSE · Industrial

Fundamental quality

ATTRACTIVE

79

out of 100

Breakdown by area

I.GrowthEPS growth: 40.3% · Revenue growth: 27.8%
95
II.ProfitabilityNet margin: 11.5% · ROE: 23.8%
79
III.Financial healthNet debt/EBITDA: 3.23x · FCF: 11.1%
63

Source: SEC EDGAR · TTM through 28/02/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Strengths

  • Strong return on equity (ROE of 23.8%).
  • Growing revenue (27.8% annualized).
  • Growing earnings per share (40.3% annualized).

Risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$1,908M-$9,501M-$7,716M$21,497M
2022$12,168M-$6,093M-$6,610M$30,317M
2023$21,593M-$74M$997M$28,157M
2024$25,021M$1,916M$1,297M$26,264M
2025$26,622M$2,760M$2,607M$24,712M

Between 2021 and 2025, revenue went from $1,908M to $26,622M (+1295%) and net income went from -$9,501M to $2,760M (+129%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Carnival Corp Ltd. a profitable company?

Yes. Carnival Corp Ltd. shows a net margin of 11.5% and an ROE of 23.8%, a sign of a profitable business.

Does Carnival Corp Ltd. have a lot of debt?

Yes, its leverage is high: net debt is 3.23 times its EBITDA.

Is Carnival Corp Ltd. growing?

Its revenue has grown 27.8% annualized in recent years and its earnings per share 40.3%.

Does Carnival Corp Ltd. generate cash?

Yes. It converts about 11.1% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Carnival Corp Ltd. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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