What are Carnival Corporation's profit margins?

Carnival Corporation (CCL) runs a 39.5% gross margin and a 16.9% operating margin, with a 11.5% net margin.

Where do Carnival Corporation's ratios come from?

Every ratio is computed from Carnival Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Carnival Corporation CCL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	16.8%+2.6pp	14.3%+5.2pp	9.1%+45.0pp	-36%+335pp
Net margin	10.4%+2.7pp	7.7%+8.0pp	-0.3%+49.7pp	-50.1%+448pp
EBITDA margin	27.3%+2.8pp	24.5%+4.5pp	20%+37.3pp	-17.3%+237pp
Free cash flow margin	9.8%+4.6pp	5.2%+0.6pp	4.6%+58.9pp	-54.3%+350pp
Returns
Return on equity	25.7%+1.9pp	23.8%+24.8pp	-1.1%+62.4pp	-63.4%-5.3pp
Return on assets	5.5%+1.6pp	3.9%+4.1pp	-0.1%+11.5pp	-11.6%+6.2pp
Return on invested capital	11.1%+1.7pp	9.4%+4.2pp	5.2%+16.2pp	-11%+5.8pp
Efficiency
Asset turnover	0.5×0.0×	0.5×+0.1×	0.4×+0.2×	0.2×+0.2×
Liquidity
Current ratio	0.3×0.0×	0.3×-0.2×	0.5×-0.2×	0.7×-0.3×
Quick ratio	0.3×0.0×	0.2×-0.2×	0.4×-0.3×	0.7×-0.3×
Cash ratio	0.1×0.0×	0.1×-0.1×	0.2×-0.4×	0.6×-0.3×
Leverage
Debt-to-equity	2.6×-0.8×	3.4×-1.4×	4.7×-0.5×	5.3×+2.1×
Debt-to-assets	0.6×0.0×	0.6×0.0×	0.7×-0.1×	0.7×0.0×
Net debt / EBITDA	4×-0.8×	4.9×-2.1×	7×—	——
Interest coverage	3.3×+1.3×	2×+1.1×	0.9×+3.7×	-2.7×+1.7×
Per Share
Book value per share	$8.75+32.3%	$6.62+21.3%	$5.45-8.9%	$5.99-44.6%
Valuation
Market capitalization	$33.85B-0.8%	$34.12B+73.5%	$19.67B+52.5%	$12.9B-37.2%
Enterprise value	$63.23B-1.3%	$64.05B+28.4%	$49.89B+13.4%	$44.01B-11.5%
Price / earnings	12.3×-5.5×	17.8×—	——	——
Price / sales	1.3×-0.1×	1.4×+0.5×	0.9×-0.1×	1.1×-9.7×
Price / book	2.8×-0.9×	3.7×+0.8×	2.9×+1.0×	1.8×+0.1×
EV / EBITDA	8.7×-1.7×	10.4×-1.1×	11.5×—	——
EV / sales	2.4×-0.2×	2.6×+0.2×	2.3×-1.3×	3.6×-22.4×
Free cash flow yield	7.7%+3.9pp	3.8%-1.3pp	5.1%+56.3pp	-51.3%-13.7pp
Earnings yield	8.2%+2.5pp	5.6%+6.0pp	-0.4%+46.9pp	-47.2%-1.0pp
PEG ratio	0.3×—	——	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Carnival Corporation.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Carnival Corporation's profit margins?: Carnival Corporation (CCL) runs a 39.5% gross margin and a 16.9% operating margin, with a 11.5% net margin.
Where do Carnival Corporation's ratios come from?: Every ratio is computed from Carnival Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.