CARNIVAL CORP (CCL) Stock Fundamental Analysis

NYSE:CCL • PA1436583006

32.87 USD
+1.1 (+3.46%)
Last: Feb 17, 2026, 02:53 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

CCL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 126 industry peers in the Hotels, Restaurants & Leisure industry. While CCL is still in line with the averages on profitability rating, there are concerns on its financial health. CCL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • CCL had positive earnings in the past year.
  • In the past year CCL had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: CCL reported negative net income in multiple years.
  • The reported operating cash flow has been mixed in the past 5 years: CCL reported negative operating cash flow in multiple years.
CCL Yearly Net Income VS EBIT VS OCF VS FCFCCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B -10B

1.2 Ratios

  • CCL's Return On Assets of 5.34% is fine compared to the rest of the industry. CCL outperforms 69.84% of its industry peers.
  • CCL's Return On Equity of 22.48% is amongst the best of the industry. CCL outperforms 80.16% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.18%, CCL is in the better half of the industry, outperforming 68.25% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for CCL is below the industry average of 10.54%.
  • The 3 year average ROIC (6.94%) for CCL is below the current ROIC(9.18%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.34%
ROE 22.48%
ROIC 9.18%
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
CCL Yearly ROA, ROE, ROICCCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60 -80

1.3 Margins

  • CCL has a Profit Margin of 10.37%. This is in the better half of the industry: CCL outperforms 76.19% of its industry peers.
  • CCL's Operating Margin of 16.84% is fine compared to the rest of the industry. CCL outperforms 73.02% of its industry peers.
  • Looking at the Gross Margin, with a value of 54.76%, CCL is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • CCL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.84%
PM (TTM) 10.37%
GM 54.76%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
CCL Yearly Profit, Operating, Gross MarginsCCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CCL is creating some value.
  • CCL has more shares outstanding than it did 1 year ago.
  • CCL has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CCL has been reduced compared to a year ago.
CCL Yearly Shares OutstandingCCL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
CCL Yearly Total Debt VS Total AssetsCCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • CCL has an Altman-Z score of 1.39. This is a bad value and indicates that CCL is not financially healthy and even has some risk of bankruptcy.
  • CCL has a Altman-Z score of 1.39. This is comparable to the rest of the industry: CCL outperforms 42.86% of its industry peers.
  • CCL has a debt to FCF ratio of 10.22. This is a negative value and a sign of low solvency as CCL would need 10.22 years to pay back of all of its debts.
  • The Debt to FCF ratio of CCL (10.22) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.96 is on the high side and indicates that CCL has dependencies on debt financing.
  • CCL has a Debt to Equity ratio of 1.96. This is comparable to the rest of the industry: CCL outperforms 47.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF 10.22
Altman-Z 1.39
ROIC/WACC1.3
WACC7.07%
CCL Yearly LT Debt VS Equity VS FCFCCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.32 indicates that CCL may have some problems paying its short term obligations.
  • CCL has a worse Current ratio (0.32) than 93.65% of its industry peers.
  • CCL has a Quick Ratio of 0.32. This is a bad value and indicates that CCL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of CCL (0.28) is worse than 89.68% of its industry peers.
Industry RankSector Rank
Current Ratio 0.32
Quick Ratio 0.28
CCL Yearly Current Assets VS Current LiabilitesCCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 63.04% over the past year.
  • Looking at the last year, CCL shows a small growth in Revenue. The Revenue has grown by 6.39% in the last year.
  • CCL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 36.61% yearly.
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.6%

3.2 Future

  • CCL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.28% yearly.
  • Based on estimates for the next years, CCL will show a small growth in Revenue. The Revenue will grow by 3.95% on average per year.
EPS Next Y14.42%
EPS Next 2Y12.87%
EPS Next 3Y13.05%
EPS Next 5Y12.28%
Revenue Next Year4.43%
Revenue Next 2Y4.05%
Revenue Next 3Y4.13%
Revenue Next 5Y3.95%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CCL Yearly Revenue VS EstimatesCCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
CCL Yearly EPS VS EstimatesCCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 -2 4 -4 -6

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.61 indicates a correct valuation of CCL.
  • CCL's Price/Earnings ratio is a bit cheaper when compared to the industry. CCL is cheaper than 79.37% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.19. CCL is valued slightly cheaper when compared to this.
  • CCL is valuated correctly with a Price/Forward Earnings ratio of 12.77.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CCL indicates a somewhat cheap valuation: CCL is cheaper than 78.57% of the companies listed in the same industry.
  • CCL is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.61
Fwd PE 12.77
CCL Price Earnings VS Forward Price EarningsCCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CCL is valued a bit cheaper than 65.08% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, CCL is valued a bit cheaper than the industry average as 74.60% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 17.43
EV/EBITDA 9.44
CCL Per share dataCCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • CCL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CCL may justify a higher PE ratio.
  • A more expensive valuation may be justified as CCL's earnings are expected to grow with 13.05% in the coming years.
PEG (NY)1.01
PEG (5Y)N/A
EPS Next 2Y12.87%
EPS Next 3Y13.05%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.84%, CCL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.10, CCL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, CCL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.84%

5.2 History

  • CCL has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
CCL Yearly Dividends per shareCCL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2026 0.5 1 1.5

5.3 Sustainability

DP0%
EPS Next 2Y12.87%
EPS Next 3Y13.05%
CCL Yearly Income VS Free CF VS DividendCCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B -8B -10B

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CARNIVAL CORP

NYSE:CCL (2/17/2026, 2:53:07 PM)

32.87

+1.1 (+3.46%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)12-19
Earnings (Next)03-19
Inst Owners73.71%
Inst Owner Change-3.44%
Ins Owners8.31%
Ins Owner Change0.47%
Market Cap45.44B
Revenue(TTM)26.62B
Net Income(TTM)2.76B
Analysts81.25
Price Target38.25 (16.37%)
Short Float %3.43%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield 1.84%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.1%
Min EPS beat(2)6.99%
Max EPS beat(2)37.21%
EPS beat(4)4
Avg EPS beat(4)154.69%
Min EPS beat(4)6.99%
Max EPS beat(4)531.88%
EPS beat(8)8
Avg EPS beat(8)186.3%
EPS beat(12)12
Avg EPS beat(12)130.84%
EPS beat(16)13
Avg EPS beat(16)75.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.02%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)-0.43%
Revenue beat(4)2
Avg Revenue beat(4)-0.27%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.93%
Revenue beat(8)3
Avg Revenue beat(8)-0.33%
Revenue beat(12)7
Avg Revenue beat(12)0.23%
Revenue beat(16)7
Avg Revenue beat(16)-3.5%
PT rev (1m)6.97%
PT rev (3m)7.78%
EPS NQ rev (1m)-0.13%
EPS NQ rev (3m)-3.66%
EPS NY rev (1m)4.14%
EPS NY rev (3m)5.29%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.05%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 14.61
Fwd PE 12.77
P/S 1.71
P/FCF 17.43
P/OCF 7.31
P/B 3.7
P/tB 4.32
EV/EBITDA 9.44
EPS(TTM)2.25
EY6.85%
EPS(NY)2.57
Fwd EY7.83%
FCF(TTM)1.89
FCFY5.74%
OCF(TTM)4.5
OCFY13.69%
SpS19.26
BVpS8.89
TBVpS7.62
PEG (NY)1.01
PEG (5Y)N/A
Graham Number21.21
Profitability
Industry RankSector Rank
ROA 5.34%
ROE 22.48%
ROCE 11.62%
ROIC 9.18%
ROICexc 9.66%
ROICexgc 10.14%
OM 16.84%
PM (TTM) 10.37%
GM 54.76%
FCFM 9.79%
ROA(3y)3.03%
ROA(5y)-4.1%
ROE(3y)14.03%
ROE(5y)-24.47%
ROIC(3y)6.94%
ROIC(5y)N/A
ROICexc(3y)7.28%
ROICexc(5y)N/A
ROICexgc(3y)7.65%
ROICexgc(5y)N/A
ROCE(3y)8.79%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.49%
GM growth 5Y29.69%
F-Score8
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF 10.22
Debt/EBITDA 3.3
Cap/Depr 129.43%
Cap/Sales 13.56%
Interest Coverage 3.74
Cash Conversion 85.49%
Profit Quality 94.42%
Current Ratio 0.32
Quick Ratio 0.28
Altman-Z 1.39
F-Score8
WACC7.07%
ROIC/WACC1.3
Cap/Depr(3y)149.64%
Cap/Depr(5y)165.52%
Cap/Sales(3y)15.75%
Cap/Sales(5y)55.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)63.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%142.86%
EPS Next Y14.42%
EPS Next 2Y12.87%
EPS Next 3Y13.05%
EPS Next 5Y12.28%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y29.82%
Revenue growth 5Y36.61%
Sales Q2Q%6.6%
Revenue Next Year4.43%
Revenue Next 2Y4.05%
Revenue Next 3Y4.13%
Revenue Next 5Y3.95%
EBIT growth 1Y25.4%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year76.64%
EBIT Next 3Y25.58%
EBIT Next 5Y16.82%
FCF growth 1Y101%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.98%
OCF growth 3YN/A
OCF growth 5YN/A

CARNIVAL CORP / CCL FAQ

What is the ChartMill fundamental rating of CARNIVAL CORP (CCL) stock?

ChartMill assigns a fundamental rating of 4 / 10 to CCL.


What is the valuation status of CARNIVAL CORP (CCL) stock?

ChartMill assigns a valuation rating of 6 / 10 to CARNIVAL CORP (CCL). This can be considered as Fairly Valued.


How profitable is CARNIVAL CORP (CCL) stock?

CARNIVAL CORP (CCL) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for CCL stock?

The Price/Earnings (PE) ratio for CARNIVAL CORP (CCL) is 14.61 and the Price/Book (PB) ratio is 3.7.


Is the dividend of CARNIVAL CORP sustainable?

The dividend rating of CARNIVAL CORP (CCL) is 3 / 10 and the dividend payout ratio is 0%.