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Carnival Corporation CCL Return on invested capital

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Other financials

Income statement

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Revenue$6.7B+5.3%
Gross profit$3.8B+4.9%
Operating income$851.0M-8.9%
Net income$537.0M-5.0%
EPS (diluted)$0.39-7.1%

Balance sheet

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Cash & equivalents$2.3B+4.1%
Total debt$28.3B-7.9%
Total equity$13.0B+29.6%
Total assets$52.2B+2.1%

Cash flow

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Operating cash flow$2.6B+9.9%
CapEx$875.0M+2.8%
Free cash flow$1.8B+13.9%

Valuation

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Market cap$40.64B+2.5%
Enterprise value$66.7B-41.6%
P/E13.2×-2.5×
P/S1.5×0.0×

Profitability

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Gross margin39.5%+2.5pp
Operating margin16.3%+0.1pp
Net margin11.2%+1.5pp
FCF margin11.7%+0.9pp

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 source filing: Carnival Corporation’s 10-Q, filed March 27, 2026. Open the filing →

Filed
Mar 27, 2026, 11:12 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000815097-26-000037

FAQ

What is Carnival Corporation's return on invested capital?
Carnival Corporation (CCL) reported return on invested capital of 11.5% in Q4 2025.
How has Carnival Corporation's return on invested capital changed year-over-year?
Carnival Corporation's return on invested capital increased by 17.3% year-over-year, from 9.8% to 11.5%.
What is the long-term trend for Carnival Corporation's return on invested capital?
Over 5 years (2020 to 2025), Carnival Corporation's return on invested capital has grown at a -12.7% compound annual growth rate (CAGR), from -21.9% to 11.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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