Free cash flow
Carnival Corporation Free cash flow increased by 5708.3% to $697.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 119.2%, from $318.00M to $697.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a -23.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$1.74B | -$1.84B | -$855.00M | -$3.94B | -$488.00M | -$882.00M | -$1.30B | -$687.00M | $440.00M | $997.00M | $247.00M | -$370.00M | $720.00M | $628.00M | $319.00M | $318.00M | $1.54B | $736.00M | $12.00M | $697.00M |
| QoQ Change | — | -5.7% | +53.6% | -361.1% | +87.6% | -80.7% | -47.2% | +47.1% | +164.0% | +126.6% | -75.2% | -249.8% | +294.6% | -12.8% | -49.2% | -0.3% | +384.6% | -52.2% | -98.4% | >999% |
| YoY Change | — | — | — | — | +72.0% | +52.1% | -51.8% | +82.6% | +190.2% | +213.0% | +119.0% | +46.1% | +63.6% | -37.0% | +29.1% | +185.9% | +114.0% | +17.2% | -96.2% | +119.2% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Carnival Corporation's free cash flow?
- Carnival Corporation (CCL) reported free cash flow of $697.00M in Q4 2025.
- How has Carnival Corporation's free cash flow changed year-over-year?
- Carnival Corporation's free cash flow increased by 119.2% year-over-year, from $318.00M to $697.00M.
- What is the long-term trend for Carnival Corporation's free cash flow?
- Over 4 years (2021 to 2025), Carnival Corporation's free cash flow has grown at a -23.8% compound annual growth rate (CAGR), from -$7.72B to $2.61B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.