Carnival Corporation

CCL • NYSE • Stock Fundamentals

Carnival Corporation & plc is one of the world's largest leisure travel companies, operating a portfolio of leading global cruise brands across North America, Europe, Australia, and Asia. The company delivers vacation experiences through a diverse fleet of ships, offering contemporary, premium, and luxury cruise products to a global customer base. Its core value proposition centers on providing unmatched joyful vacations that exceed guest expectations while maintaining a commitment to environmental compliance and safety.

Market Cap$38.9B

Revenue TTM$27.0B

Net Income TTM$3.1B

P/E Ratio12.55

Net Margin11.48%

EPS TTM$2.25

Free Cash Flow TTM$3.0B

Employees106.0K

CEOJoshua Ian Weinstein

CountryUnited States of America

Consumer Cyclical

Leisure

SegmentsLeisure, Travel and Tourism, Cruise Lines

Business ModelsAsset-heavy service provider, B2C hospitality, Direct-to-consumer, Commission-based distribution

Most Recent EarningsMar 27, 2026 · 2 months 14 days agoQ1 2026

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Next EarningsJun 23, 2026 · In 1 weekBefore Market Open · Q2 2026

Income Statement Balance Sheet Cash Flow Segments

Financials

Based on Q1 2026 filing

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Op. Margin16.86%

ROE27.88%

D/E221.19%

Current Ratio0.299

Total Debt$28.8B

Cash$1.5B

CapEx TTM$3.6B

Business Segments

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North America and Australia (NAA)

primary

This segment includes brands primarily serving guests in the North American and Australian markets, offering a range of cruise experiences from contemporary family fun to ultra-luxury.

Products

Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn

Customers

Multi-generational families, Affluent travelers, Luxury seekers, Contemporary vacationers

Europe and Asia (EA)

major

This segment operates brands tailored to European and Asian tastes, providing culturally specific hospitality, gastronomy, and entertainment experiences.

Products

Costa Cruises, AIDA Cruises, P&O Cruises (UK), Cunard

Customers

Continental European travelers, British vacationers, German-speaking travelers, Asian cruise guests

Cruise Support

minor

A specialized segment that manages a portfolio of port destinations and provides various services designed to enhance the operations of the company's cruise brands.

Products

Port destinations, Port services

Customers

Internal cruise brands

Tour and Other

minor

This segment operates land-based tour assets that complement cruise operations in specific regions, particularly Alaska and the Yukon.

Products

Holland America Princess Alaska Tours, Hotels, Lodges, Glass-domed railcars, Motorcoaches

Customers

Cruise passengers, Land-based tourists

Segment Financials

North America Segment — Food

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North America Segment — Commissions, transportation and other

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North America Segment — Capital Expenditures

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Europe Segment — Capital Expenditures

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EA Segment — Payment for lease of ships

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Europe Segment — Total Assets

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Cruise Support — Capital Expenditures

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Cruise Support — Total Assets

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Cruise Support — Onboard and other

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Tour And Other — Total Assets

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Tour And Other — Capital Expenditures

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Tour And Other — Adjusted Operating Income (Loss)

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Business Overview

Competitive Position

One of the world's largest leisure travel companies, holding a significant share of the global cruise industry capacity alongside three other major competitors.

Geographies

North America, Europe, Australia, Asia, Caribbean

Customer Segments

Mass market consumers, High-net-worth individuals, Families, International travelers

Upstream Dependencies

Shipbuilders, Fuel suppliers (LNG and Marine Fuel), Food and beverage wholesalers, Maritime labor and crew, Port authorities

Downstream Customers

Individual vacationers, Travel agencies, Tour operators, Corporate groups

Competitors & Partners

Competitors

Royal Caribbean Group

RCL

Major global cruise competitor

Walt Disney

DIS

Themed cruise vacation competitor

Norwegian Cruise Line Holdings Ltd.

NCLH

Major global cruise competitor

Similar Companies

Hyatt Hotels

Packaging Corp of America

PKG

Partners

Fincantieri

Shipbuilding partner for new vessel construction

Meyer Werft

Shipbuilding partner for new vessel construction

UNESCO

Official cruise line partner for World Heritage sites via Seabourn

Gard

Protection and Indemnity (P&I) club for insurance coverage

Steamship Mutual

Protection and Indemnity (P&I) club for insurance coverage

UK Club

Protection and Indemnity (P&I) club for insurance coverage

Subsidiaries

Carnival Cruise Line

Contemporary cruise brand

Princess Cruises

Premium cruise brand with MedallionClass technology

Holland America Line

Premium cruise brand with European style

Seabourn

Ultra-luxury cruise brand

Costa Cruises

Italian-style cruise brand serving Europe and Asia

AIDA Cruises

German market leading cruise brand

Cunard

Luxury ocean travel brand

P&O Cruises (UK)

British-focused premium cruise brand

P&O Cruises (Australia)

South Pacific focused cruise brand

Holland America Princess Alaska Tours

Tour company operating in Alaska and the Yukon