Revenue segments as reported by the company.

Passenger ticket

Onboard and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling and administrative

Depreciation and amortization

Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment consists of AIDA, Costa, Cunard, and P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.

Earnings data Q2 2021

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Earnings data Q1 2023

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Earnings data Q4 2024

Earnings data Q1 2025

Carnival beats Q1 expectations, eyes growth amid challenges

Carnival (CCL) outperformed in Q1, with strong financial performance and positive outlook for the year
Strategies in place to address challenges, capitalize on strengths, and leverage opportunities for growth
Focus on improving operational efficiency, reducing debt, and enhancing customer experience to drive long-term success
Continued investment in marketing, fleet optimization, and cost management to drive profitability and cash flow

Carnival surpasses 2019 levels, raises guidance amidst industry recovery

Carnival (CCL) delivered strong financial performance in Q2 2023, exceeding 2019 levels and raising guidance for the year.
Strategic initiatives like the SEA Change Program and portfolio optimization are driving sustainability and revenue growth.
While facing challenges like inflationary pressures, the company is well-positioned to capitalize on opportunities in the cruise industry.
With a focus on financial stability, brand strategies, and customer value, Carnival is navigating challenges to drive growth and value creation.

Carnival surpasses Q3 expectations, eyes debt reduction and revenue growth

Carnival's Q3 2023 performance exceeded expectations, with strong financial results and optimistic outlook for 2023 and 2024, driven by robust bookings and revenue growth.
While facing challenges like emissions taxes and debt reduction, the company's focus on operational improvements and market opportunities bodes well for future success.
With a strategic focus on debt reduction, revenue optimization, and customer experience enhancements, Carnival is poised for sustainable growth and financial stability.

Carnival (CCL) reports record Q4 performance and plans brand expansion

Carnival (CCL) delivered strong financial performance in Q4 2023, with record revenues and bookings.
Debt reduction efforts and high liquidity position the company well for future growth and investment.
Challenges include pricing gaps and geopolitical pressures, requiring a focus on safety and cost management.
Opportunities lie in market capture campaigns, onboard revenue growth, and strategic brand expansion plans.

Carnival surpasses Q1 expectations, focuses on sustainable growth and debt reduction

Carnival's Q1 2024 performance exceeded expectations, with strong bookings and yield growth. The company is focused on sustainable revenue growth, debt reduction, and maximizing onboard spending. Opportunities exist in attracting new customers and leveraging investments for pricing power.

Carnival Surpasses Q2 Expectations, Raises Outlook

Carnival Corporation's Q2 2024 earnings highlighted exceptional financial and operational performance with record-breaking metrics in revenues, bookings, and customer deposits. Strategic portfolio management and technological enhancements are set to bolster future growth. The company's focus on refinancing and deleveraging is aimed at sustaining strong free cash flow and improving leverage metrics.

Carnival (CCL) surpasses Q3 expectations, eyes record 2026 performance

Carnival's Q3 2024 performance exceeded expectations, setting a strong base for 2025 and a record start to 2026.
The company is focused on improving financial metrics, attracting new guests, and driving demand growth through marketing efforts.
While challenges like debt reduction persist, Carnival has opportunities to optimize strategic decisions and capitalize on its strong performance.

Carnival (CCL) achieves record revenues in 2024, eyes sustained growth

Carnival's strong performance in 2024 showcases record revenues and improved net income, driven by robust demand and effective yield management. The company is focused on sustainability, debt reduction, and enhancing its destination strategy. Challenges include potential regulatory impacts and cost increases, with opportunities lying in sustained demand and brand investments.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Carnival is approaching its all-time high valuation while still losing billions. A heavy debt load is going to drown profits with interest expenses.

Investors are Buying This Stock Hand Over Fist: Here Is Your Warning to Stay Away

Stifel's Steven Wieczynski sees the stock climbing to $18. Travel demand is recovering, but Carnival faces significant financial challenges.

This Stock Could Soar 38%, According to Wall Street. What Would Have to Happen?

New cocktails with authentic glacier ice, fresh fish and wildlife spotting highlight enhanced experience SEATTLE , June 8, 2023 /PRNewswire/ -- With Holland America Line's "Alaska Up Close," guests on Alaska cruises are deeply immersed in the local culture with informative onboard programming, sea-to-table dining and award-winning shore excursions. The premium cruise line is introducing new facets of the program throughout the 2023 Alaska season that offer an even more engaging guest experience.

Holland America Line Expands 'Alaska Up Close' Onboard Programming with New Culinary and Cultural Experiences

Carnival is demonstrating better-than-expected performance. Bookings in the first quarter were the highest in Carnival's history.

Why Carnival Stock Soared 22% in May

Carnival's earnings and shares plummeted in the earlier stages of the pandemic. The company is making progress on its recovery plan -- and investors like what they see.

Up 50%, Is It Too Late to Buy Carnival?

Carnival stock has now broken decisively out of trading in the single digits. Analyst moves are encouraging, as booking and pricing trends keep improving.

Why Is Carnival Stock Up 34% Since May?

Carnival Corporation is expected to see a boost as occupancy recovers to pre-pandemic levels, but its balance sheet remains a concern. Opportunities for growth include increasing capacity with six new ships on order and higher ticket prices and onboard revenue. Risks include another Covid wave, economic downturns, fuel costs, and the company's high debt load.

Carnival Seeing Improved Demand, But Debt Load Is Burdensome

Carnival (CCL) rides on solid bookings, fleet expansion, EBITDA growth and strategic initiatives.

Here's How Carnival (CCL) Stock Has Outrun Its Peers in a Month

CRISPR Therapeutics

Demand is back for Carnival's cruises, and the company is progressing along the road to profitability. CRISPR Therapeutics may be months away from a regulatory decision -- and a potential product launch.

2 Supercharged Stocks to Buy With $100

Seeing a surge in demand, Carnival is posting record bookings for the rest of 2023. The stock carries a cheap valuation for a reason, as it has been a poor investment over the years.

Carnival Stock: Buy, Sell, or Hold?

Norwegian Cruise Line

Royal Caribbean Cruises

Carnival Corp. CCL, Norwegian Cruise Line Holdings Ltd. NCLH, and Royal Caribbean Cruises Ltd. RCL stand to benefit from an increase in spending in the coming months.

Cruise Stocks Expect Tailwind Profits As Credit Card Travel Spending Runs Hot This Summer

Disney

The pandemic hit Disney and Carnival hard -- but both companies are back on the path to growth. Both also look reasonably priced today.

Better Buy: Walt Disney vs. Carnival

Next generation of internet launches on Koningsdam with preliminary success SEATTLE , May 16, 2023 /PRNewswire/ -- Holland America Line guests and crew have begun using next generation internet with the introduction of SpaceX's Starlink on its Pinnacle Class ship Koningsdam, now sailing in Alaska. The technology was installed during an April drydock and has been operating for four weeks.

Early Feedback is Positive as Holland America Line Installs SpaceX's Starlink on First Ship in Alaska

CCL Industries, Inc. (OTCPK:CCDBF) Q1 2023 Earnings Conference Call May 11, 2023 8:00 AM ET Company Participants Geoffrey Martin - President and Chief Executive Officer Sean Washchuk - Senior Vice President and Chief Financial Officer Conference Call Participants Ahmed Abdullah - National Bank of Canada Stephen MacLeod - BMO Capital Markets Walter Spracklin - RBC Capital Markets Daryl Young - TD Cowen Michael Glen - Raymond James David McFadgen - Cormark Ben Jekic - PI Financial Operator Good morning, and welcome to the CCL Industries' First Quarter Investor Update. Please note that there will be a question-and-answer session after the call.

CCL Industries, Inc. (CCDBF) Q1 2023 Earnings Call Transcript

Lucid Group

Carnival's debt load is too large compared to its cash flow for the foreseeable future. Lucid's first-quarter earnings highlight alarming trends in its business.

2 Risky Stocks to Avoid Right Now

If you look out over the horizon, you may just spot the cruise line industry floating along on a life raft, after taking on water and gradually sinking in recent years.

Cruise Lines See Smoother Seas On Horizon As Profitablity Returns

Carnival Corporation ( CCL , Financial) is optimistic about the future as cruising demand in the U.S. remains high and financial results indicate better-than-expected bookings. It is a welcome change for investors since substantial debt is saddled onto the balance sheet at the moment.

Carnival: Heavy Debt Looms Over Balance Sheet

Carnival (LON: CCL) share price was the best-performing in the FTSE 250 index as investors cheered the recovery in the cruise industry. The shares jumped to 740p in London, which was ~55% above the lowest level this year.

Here's why the Carnival share price just rocketed higher

Advanced Micro Devices

Carnival led S&P 500 stocks Monday as optimism continues for cruise lines. AMD surged above an early buy point.

S&P 500 Stocks: Carnival, AMD Are Big Winners Today

CEO Josh Weinstein does not want to sell shares to pay down Carnival's debt. However, the company's debt burden could limit growth for years.

Carnival Cruise Line's Most Recent Announcement May Surprise Some Investors

Cruising demand environment continues to stay elevated. North American demand is seeing signs of better-than-expected cruising demand at higher prices.

Carnival Corporation: Upgrading To A Buy

Nu Holdings

Carnival expects to return to profitability this summer after 14 consecutive quarterly losses. Nubank parent Nu Holdings is growing quickly in Latin America, and it recently turned profitable.

2 Stocks Under $10 to Buy in May

IRVINE, Calif. , May 1, 2023 /PRNewswire/ -- The 2024 Carnival MPV is a carryover model with minor packaging changes.

KIA ANNOUNCES 2024 CARNIVAL MPV PRICING

Norwegian drove higher revenue in its last reported quarter than in 2019. Carnival enjoyed its best-ever quarter for bookings in fiscal Q1 2023.

Better Buy in 2023: Norwegian Cruise Line vs. Carnival Stock

Debt is the biggest challenge facing Carnival.

News for Carnival Stock (CCL)