Carnival's fundamental recovery appears well advanced, with equity more than doubling from $6.8B to $14.2B and total debt reduced from $30.7B to $25.2B over ten quarters, driving D/E down from 4.50 to 1.77.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has slowed from 17.7% in 2024Q2 to 3.5% in 2026Q3, while flat SG&A of roughly $763M-$959M per quarter evidences meaningful operating leverage, as each dollar of SG&A supported $4.4 of revenue in 2026Q3 versus $3.2 in 2024Q2.
Carnival offers popular cruise destinations and deals, indicating robust consumer interest in its services.
Analysts and investors have published bullish perspectives on Carnival, highlighting its potential for growth.
Carnival can refinance debt at lower rates, improving financial flexibility and reducing interest expenses.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 29, 2026 | $1.43+5.9% vs $1.35 | $8.4B+0.6% vs $8.4B |
Q3 2026 Jun 23, 2026 | $0.41+19.1% vs $0.34 | $6.7B-0.4% vs $6.7B |
Q2 2026 Mar 27, 2026 | $0.20+8.5% vs $0.18 | $6.2B+0.4% vs $6.1B |
Q4 2025 Dec 19, 2025 | $0.34+37.0% vs $0.25 | $6.3B-0.6% vs $6.4B |
Starting November 6 through December 7, 2026 FORT LAUDERDALE, Fla., Nov. 6, 2026 /PRNewswire/ -- Black Friday is going blue again as Princess Cruises kicks off its highly anticipated annual "Blue Friday" sale, giving travelers even more reasons to put a cruise vacation at the top of their holiday shopping lists.
Carnival Corporation is rated Buy, supported by strong booking momentum, rising onboard spend, and effective cost initiatives. CCL's forward bookings for FY2027 and FY2028 show higher occupancy and pricing, providing strong revenue visibility beyond the near term. Investments in exclusive destinations, ship deployment optimization, and AI-driven customer engagement are expected to drive incremental revenue and net yield growth.
Zacks.com users have recently been watching Carnival (CCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Carnival (CCL) concluded the recent trading session at $29.18, signifying a -2.91% move from its prior day's close.
Benchmark CCL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Carnival Corporation & plc (CCL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $29.58 | $40.51B | 12.90 | 6.4% | 11.37% | 23.89% | — | |
| $327.16 | $87.74B | 19.27 | 8.8% | 23.78% | 42.69% | 0.3% | |
| $17.92 | $8.23B | 9.91 | 3.67% | 8.2% | 32.15% | — | |
| $87.48 | $38.86B | 29.10 | 21.89% | 19.33% | 116.02% | — | |
| $416.47 | $108.6B | 41.00 | 4.33% | 9.68% | — | 0.64% | |
| $370.45 | $83.38B | 49.25 | 7.74% | 13.4% | — | 0.16% |
Carnival Corporation & plc (CCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Carnival Corporation & plc (CCL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 29, 2026·SEC
Jun 23, 2026·SEC
May 7, 2026·SEC
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Carnival Corporation & plc (CCL) stock FAQ — growth, dividends, profitability & financials explained
Carnival Corporation & plc (CCL) reported $27.59B in revenue over the trailing twelve months. Revenue was $26.62B in fiscal year 2025. That is 1103% more than the $2.21B of fiscal year 1996.
Carnival Corporation & plc (CCL) grew revenue by 5.2% over the trailing twelve months, compared with the twelve months before.
Yes. Carnival Corporation & plc (CCL) earned $3.14B in net income over the trailing twelve months (a 11.4% net margin).
Carnival Corporation & plc (CCL) had a return on equity (ROE) of 23.9% over the trailing twelve months. That is well above the market's typical 10-15%.
Carnival Corporation & plc (CCL) generated $3.18B in free cash flow over the trailing twelve months.
