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Gross margin at other companies

Royal Caribbean Group logo
Royal Caribbean GroupRCL
49.7%+1.5pp
Norwegian Cruise Line Holdings Ltd. logo
Norwegian Cruise Line Holdings Ltd.NCLH
43%+2.6pp
Packaging Corp of America logo
Packaging Corp of AmericaPKG
20.5%-1.4pp

Other financials

Income statement

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Revenue$6.2B+6.1%
Gross profit$3.8B+4.9%
Operating income$607.0M+11.8%
Net income$258.0M+431%
EPS (diluted)$0.19+417%

Balance sheet

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Cash & equivalents$1.5B+70.2%
Total debt$28.8B-5.9%
Total equity$13.0B+41.9%
Total assets$51.6B+6.2%

Cash flow

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Operating cash flow$1.3B+36.5%
CapEx$566.0M-6.8%
Free cash flow$697.0M+119%

Valuation

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Market cap$42.76B+34.8%
Enterprise value$70.13B+14.3%
P/E13.8×-1.7×
P/S1.6×+0.3×

Profitability

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Operating margin16.9%+1.7pp
Net margin11.5%+3.4pp
FCF margin11.1%+3.3pp

Returns & leverage

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Return on equity27.9%+2.0pp
Debt / equity2.2×-1.1×
Current ratio0.3×0.0×

Where this comes from

Calculated from Carnival Corporation’s reported figures.

Based on trailing twelve months.

The official record: Carnival Corporation’s 10-Q, filed September 29, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carnival Corporation's gross margin?
Carnival Corporation (CCL) reported gross margin of 39.5% in Q2 2025.
How has Carnival Corporation's gross margin changed year-over-year?
Carnival Corporation's gross margin increased by 6.9% year-over-year, from 36.9% to 39.5%.
What is the long-term trend for Carnival Corporation's gross margin?
Over 3 years (2021 to 2024), Carnival Corporation's gross margin has grown at a -36.1% compound annual growth rate (CAGR), from -143.8% to 37.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.