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 QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	16.9%+1.7pp	16.8%+2.6pp	16.4%+2.5pp	16.2%+4.1pp	15.1%+4.5pp
Net margin	11.5%+3.4pp	10.4%+2.7pp	10.1%+3.7pp	9.7%+5.9pp	8.1%+6.3pp
Returns
Return on equity	27.9%+2.0pp	25.7%+1.9pp	25.7%+5.6pp	30%+15.8pp	25.9%+19.6pp
Return on invested capital	11.5%+1.7pp	11.1%+1.7pp	10.6%+2.0pp	10.8%+3.4pp	9.8%+3.7pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×+0.1×	0.5×+0.1×
Liquidity
Current ratio	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×+0.1×	0.3×-0.1×
Leverage
Debt-to-equity	2.2×-1.1×	2.6×-0.8×	2.5×-1.4×	3.1×-1.9×	3.3×-1.9×
Net debt / EBITDA	3.7×-0.9×	4×-0.8×	4×-1.4×	4.2×-1.9×	4.6×-2.2×
Per Share
Book value per share	$9.36+33.5%	$8.75+32.3%	$8.51+38.4%	$7.15+33.3%	$7.01+32.7%
Valuation
Market capitalization	$43.61B+34.8%	$33.85B-0.8%	$43.24B+100%	$31.97B+61.9%	$32.35B+56.2%
Price / earnings	14.1×-1.7×	12.3×-5.5×	16.4×—	12.7×—	15.8×—
Price / sales	1.6×+0.3×	1.3×-0.1×	1.6×+0.8×	1.2×+0.4×	1.3×+0.4×
Price / book	3.3×-0.2×	2.8×-0.9×	3.6×+1.1×	3.2×+0.3×	3.5×+0.4×
EV / EBITDA	9.6×0.0×	8.7×-1.7×	10.2×+1.1×	8.8×-1.0×	9.6×-1.5×

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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.