profit from every $100 of sales.
$0$100
Carnival
$29.23-0.37% today
+11.8% in 1 year
1-year low $21.791-year high $33.99
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $14.24 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Carnival sold, what it kept, and what it did with the cash.
Sales went from $12.2 billion in 2022 to $26.6 billion in 2025, with $2.76 billion of profit last year.
SalesProfit
Carnival vs. similar companies
Carnival grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Carnival | 14.2× · Cheap | ||
 Booking Holdings | 22.0× · Fair price | ||
 Airbnb | 44.4× · Expensive | ||
 Royal Caribbean Cruises | 20.3× · Fair price | ||
 Viking Holdings | 35.0× · Expensive |
Compare Carnival with Carnival Corporation & · Royal Caribbean Cruises
AI analysis
An AI analyst reads Carnival's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 5,595 | 1,908 | 12,169 | 21,593 | 25,021 | 26,621 | |
| – | -2,747 | 412 | 7,276 | 9,383 | 10,674 | |
| -8,865 | -7,089 | -4,378 | 1,956 | 3,574 | 4,482 | |
| -7,117 | -5,688 | -2,196 | 4,374 | 6,227 | 6,911 | |
| -10,236 | -9,501 | -6,093 | -74 | 1,916 | 2,760 | |
| -13.20 | -8.46 | -5.16 | -0.06 | 1.44 | 2.02 | |
| – | -144.0% | 3.4% | 33.7% | 37.5% | 40.1% | |
| -158.4% | -371.5% | -36.0% | 9.1% | 14.3% | 16.8% | |
| -182.9% | -498.0% | -50.1% | -0.3% | 7.7% | 10.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 53,593 | 53,344 | 51,703 | 49,120 | 49,057 | 51,687 |
| Cash | 9,513 | 8,939 | 4,029 | 2,415 | 1,210 | 1,928 |
| Total debt | 28,380 | 34,607 | 35,881 | 31,891 | 28,876 | 27,993 |
| Total liabilities | – | – | 44,639 | 42,237 | 39,805 | 39,403 |
| 20,555 | 12,144 | 7,064 | 6,883 | 9,252 | 12,284 | |
| 775 | 1,123 | 1,180 | 1,262 | 1,398 | 1,402 | |
| -15.1% | -13.4% | -8.2% | 4.1% | 7.6% | 8.1% | |
| -49.8% | -78.2% | -86.3% | -1.1% | 20.7% | 22.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -6,301 | -4,109 | -1,670 | 4,281 | 5,923 | 6,218 | |
| 3,620 | 3,607 | 4,940 | 3,284 | 4,626 | 3,611 | |
| -9,921 | -7,716 | -6,610 | 997 | 1,297 | 2,607 | |
| Dividends paid | 689 | 0 | 0 | – | – | – |
| 12 | 0 | 0 | – | – | – | |
| 105 | 121 | 101 | 53 | 62 | 98 |
Valuation
- 14.2×
- 13.2×
- –
- 3.2×
- 1.5×
- 15.1×
- 9.5×
- 6.6%
- 7.0%
- 1.1%
Profitability
- 40.1%
- 16.8%
- 10.4%
- 26.8%
- 8.3%
- 3.0%
- 26.2%
- 6.0%
- 11.6%
- –
Growth
- +36.6%
- –
- +101.0%
- −14.6%
- +5.9%
Financial health
- 3.8×
- 2.28
- 51.6%
- 3.1×
- 0.32
- 0.23
- 0.52
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 47%of 982
Top 17%of 994
Top 36%of 853
Top 7%of 993
Top 38%of 980
What analysts expect
- Average price target
- $36.17
- Range
- $33.00 – $40.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Mar 27, 2026 | 0.20 | 0.18 | +8.5% |
| Dec 19, 2025 | 0.34 | 0.25 | +37.0% |
| Sep 29, 2025 | 1.43 | 1.32 | +8.3% |
| Jun 24, 2025 | 0.35 | 0.25 | +41.9% |
| Mar 21, 2025 | 0.13 | 0.03 | +381.5% |
| Dec 20, 2024 | 0.14 | 0.06 | +133.3% |
| Sep 30, 2024 | 1.27 | 1.16 | +9.5% |
| Jun 25, 2024 | 0.11 | 0.01 | +765.5% |
1.1%of the share price, paid each year
On $1,000 invested$11a year at today's yield, before tax
−14.6%2015 to 2020
Raised–not every year
Paid per share, each year
$1.10 in 2015 → $0.50 in 2020
How safe it looks
6.7% of its profit
Room to growStretchedMore than it earns: 0.0%
News
1 Reason to Buy Carnival Stock (CCL) in OctoberYahoo Finance · Oct 11, 2026Apple, Meta, Iovance, Carnival, Fair Isaac, Bloom Energy, SpaceX, and More Stocks That Explain Today’s MarketYahoo Finance · Sep 29, 2026Should You Buy Carnival Stock While Europe Sails Emptier?Yahoo Finance · Sep 23, 2026Carnival selloff overdone, a buying opportunity into earnings: StifelYahoo Finance · Sep 16, 2026Norwegian Slides 3% as Rising Oil Undercuts Fuel-Cost Relief Hopes; Carnival and Royal Caribbean TrailYahoo Finance · Sep 9, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
36No pass
Benjamin Graham
27No pass
Philip Fisher
53No pass
Peter Lynch
67Pass
Joel Greenblatt
35No pass
Charlie Munger
30No pass
Terry Smith
35No pass
Questions about Carnival
Is Carnival a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Carnival AI analysis
What does Carnival do?
Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It is in Travel Services, based in Miami, FL, United States, with 160,000 employees.
Does Carnival pay a dividend?
Yes. At today's price the dividend is 1.1% a year, about 7% of its yearly profit.
Is Carnival stock halal?
No. Carnival does not pass our halal screen: its debt is 71% of its market value, at or above the 33% limit. How we check
How has Carnival stock done over the past year?
Up 11.8% over the past twelve months, to $29.23. It traded between $21.79 and $33.99 and is 14.0% below its high.
Who are Carnival's competitors?
The largest listed companies in the same industry are Booking Holdings, Airbnb, Royal Caribbean Cruises and Viking Holdings. The peers table on this page compares their profit, growth and price with Carnival's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.