OakChart

Carnival Corp Ltd

CCLConsumer Cyclical·Travel Services·USA·Large·NYSE·Nov 11 • 3:24 PM ET

30.98+0.24 (0.76%)
2026-11-11 21:24 CET
Market cap
41,333.31 USD m
Revenue, TTM
27,593.00 USD m
Net income, TTM
3,137.00 USD m
Free cash flow, TTM
3,125.00 USD m
EPS diluted, TTM
2.29
P/E
13.53
Compare

Price

CCL against its 20, 50 and 200-day averages
2050200beat
22.5025.0027.5030.0037.7M75.5MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CCLclose 30.9820-day 28.4550-day 25.70200-day 27.1430.9852w low

9.0% under the 52-week high of 34.03 on 6 Feb 2026. 52-week low 21.45 on 24 Sep 2026. Last 15 sessions, 22.1% high to low

Volume 0.34× normal · the line is the 50-bar volume average

Profile

CCL
52-week range, 76% of the way up
21.4534.03

Carnival Corp. Ltd. engages in the operation of cruise ships. It operates through the following business segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Others. The North America Cruise Operations segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe 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.

IndexS&P 500, RUI
IPOJul 24, 1987
Beta2.44
ATR, 14d1.10
Rel volume0.34
Short float3.25%
Insider own7.15%
Inst own72.85%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap41.65B
Enterprise Value65.61B
Income3.14B
Sales27.59B
Book/sh10.49
Cash/sh0.91
Dividend Est.0.56 (1.81%)
Dividend TTM0.60 (1.94%)
Dividend Ex-DateNov 06, 2026
Dividend Gr. 3/5Y- -
Payout0.00%
Employees-
IPOJul 24, 1987

Ratios

P/E13.53
Forward P/E12.01
PEG1.12
P/S1.51
P/B2.95
P/C34.14
P/FCF13.33
EV/EBITDA8.98
EV/Sales2.38
Quick Ratio0.20
Current Ratio0.24
Debt/Eq1.77
LT Debt/Eq1.62
Option/ShortYes / Yes

Earnings

EPS (ttm)2.29
EPS next Y2.58
EPS next Q0.23
EPS this Y0.36%
EPS next Y14.19%
EPS next 5Y10.74%
EPS past 3/5Y- -
Sales past 3/5Y29.82% 36.61%
EPS Y/Y TTM14.45%
Sales Y/Y TTM5.20%
EPS Q/Q5.23%
Sales Q/Q3.46%
EarningsSep 29 BMO
EPS/Sales Surpr.5.63% 0.57%

Ownership

Insider Own7.15%
Insider Trans-0.10%
Inst Own72.85%
Inst Trans-7.75%
ROA6.16%
ROE24.02%
ROIC8.45%
Gross Margin28.93%
Oper. Margin15.98%
Profit Margin11.37%
SMA208.88%
SMA5020.54%
SMA20014.11%
Trades-

Technical

Shs Outstand1.35B
Shs Float1.25B
Short Float3.25%
Short Ratio1.89
Short Interest40.53M
52W High34.03 -8.98%
52W Low21.45 44.41%
Volatility4.32% 3.47%
ATR (14)1.10
RSI (14)66.32
Beta2.44
Rel Volume0.34
Avg Volume21.45M
Volume6,739,329

Performance

Perf Week-1.10%
Perf Month15.88%
Perf Quarter8.99%
Perf Half Y23.75%
Perf YTD1.42%
Perf Year15.62%
Perf 3Y142.75%
Perf 5Y34.56%
Perf 10Y-37.83%
Recom1.52
Target Price33.43
Prev Close30.74
Price30.98
Change %0.76%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 08, 2026InitiatedBBMO Capital MarketsMarket Perform$30-3.1%
Jun 01, 2026InitiatedLLoop CapitalBuy$36+16.2%
Mar 30, 2026UpgradeHHSBC SecuritiesHold → Buy$30.10-2.8%
Mar 19, 2026UpgradeMMorgan StanleyEqual-Weight → Overweight$31+0.1%
Nov 18, 2025InitiatedWWells FargoOverweight$37+19.5%
Jul 22, 2025InitiatedTTD CowenBuy$36+16.2%
Jul 16, 2025ReiteratedCCitigroupBuy$30 → $37+19.5%
May 16, 2025UpgradeHHSBC SecuritiesReduce → Hold$24-22.5%
Apr 25, 2025InitiatedNNorthcoastNeutral
Apr 10, 2025UpgradeMMorgan StanleyUnderweight → Equal-Weight$21-32.2%

Peers

Mkt cap
TickerCompanyMkt cap
RCLRoyal Caribbean Group90.20B
NCLHNorwegian Cruise Line Holdings Ltd8.72B
VIKViking Holdings Ltd40.15B
LINDLindblad Expeditions Holdings Inc2.30B
EXPEExpedia Group Inc31.11B
BKNGBooking Holdings Inc119.05B
ABNBAirbnb Inc107.30B
HLTHilton Worldwide Holdings Inc84.09B
MARMarriott International Inc110.42B
OSWOneSpaWorld Holdings Limited3.16B

Insider trading

12 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Bernstein DavidCFO & CAONov 04 '26Sale31.2626,681834,064118,225Nov 06 04:03 PM
Bernstein DavidOfficerNov 04 '26Proposed Sale29.2026,681779,085Nov 04 03:27 PM
Deeble HelenDirectorOct 28 '26Sale27.7525,000693,75063,505Oct 30 05:45 PM
Deeble HelenDirectorOct 28 '26Proposed Sale26.1125,000652,750Oct 28 10:18 AM
deynes bettina alejandraChief Human Resources OfficerMay 28 '26Sale28.1043,0581,210,12469,238Jun 01 04:47 PM
deynes bettina alejandraOfficerMay 28 '26Proposed Sale27.9843,0581,204,763May 28 02:09 PM
SUBOTNICK STUARTDirectorMay 11 '26Sale25.2205132,421May 12 04:21 PM
BAND SIR JONATHONDirectorApr 01 '26Sale26.1911,988313,96652,601Apr 02 11:29 AM
BAND SIR JONATHONDirectorMar 31 '26Sale24.981230064,589Apr 02 11:29 AM
BAND SIR JONATHONDirectorMar 31 '26Proposed Sale25.7312,000308,760Mar 30 05:28 PM
Bernstein DavidCFO & CAOFeb 10 '26Sale33.22361,79012,016,891112,068Feb 12 12:57 PM
Bernstein DavidOfficerFeb 10 '26Proposed Sale31.94361,79011,555,573Feb 06 04:09 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
XLYState Street Consumer Discretionary Select Sector SPDR ETFAUM: 23.35B
COWZPacer US Cash Cows 100 ETFAUM: 19.59B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-09-291.4301.3541.4008,4358,38723
2026Q22026-06-230.4100.3440.3876,6636,68821
2026Q12026-03-270.2000.1840.1866,1656,13920
2025Q42025-12-190.3400.2480.3146,3306,36921
2025Q32025-09-291.4301.3241.3348,1538,10319
2025Q22025-06-240.3500.2470.4166,3286,20619
2025Q12025-03-210.1300.027-0.0605,8105,74719
2024Q42024-12-200.1400.0750.2315,9385,93819
2024Q32024-09-301.2701.1781.2587,8967,82619
2024Q22024-06-250.110-0.0150.0725,7815,67618
2024Q12024-03-27-0.140-0.177-0.1695,4065,42117
2023Q42023-12-21-0.070-0.127-0.0385,3975,29516
2023Q32023-09-290.8600.7520.7876,8546,70713
2023Q22023-06-26-0.310-0.336-0.3224,9114,78816
2023Q12023-03-27-0.550-0.603-0.5504,4324,31813
2022Q42022-12-21-0.850-0.883-1.2693,8393,93115

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY4.4004.2694.32120,82520,521
2020FY-7.470-7.371-13.2085,5955,657
2021FY-7.061-6.599-8.4601,9082,071
2022FY-4.670-4.716-5.16412,16812,326
2023FY0.000-0.066-0.05921,59321,529
2024FY1.4201.3431.43725,02125,013
2025FY2.2502.1482.02026,62226,650
2026FY-2.258--27,715
2027FY-2.579--28,607
2028FY-3.056--29,775
2029FY-3.570--30,973
2030FY-3.670--31,782

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-3019816,4706,3896,523
2026Q4S2026-10-1320816,4686,3896,523
2026Q4S2026-10-1219816,4656,3896,523
2026Q4S2026-10-0919816,4656,3896,523
2026Q4S2026-10-0719816,4656,3896,523
2026Q4S2026-10-0120816,4696,3896,530
2026Q4S2026-09-3020816,4676,3896,530
2026Q4S2026-09-2920816,4666,3896,530
2026Q4S2026-09-2320136,4186,2926,530
2026Q4S2026-09-2120136,4216,2926,530
2026Q4S2026-09-1720126,4276,2926,530
2026Q4S2026-09-1620126,4276,2926,530
2026Q4S2026-09-1520126,4296,2926,530
2026Q4S2026-09-1420116,4356,2926,530

Estimate history

EPS, annual3.594.444.321-13.208-8.46-5.164-0.0591.4372.0192.2901
Period201720182019202020212022202320242025TTM
EPS, quarterly1.2580.231-0.060.4161.3340.3140.1860.3871.404
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual175101888120825559519081216821593250212662227593
Period201720182019202020212022202320242025TTM
Sales, quarterly789659385810632881536330616566638435
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual7186966841087113612591264130813121352
Period201720182019202020212022202320242025MRQ
Shares, quarterly126713081311131213121312138513721352
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue27,593.0026,622.0025,021.0021,593.0012,168.001,908.005,595.0020,825.0018,881.00
Cost of Goods Sold Incl. D&A19,611.0018,847.0018,194.0016,685.0013,592.006,297.008,519.0015,067.0013,106.00
Gross Profit7,982.007,775.006,827.004,908.00-1,424.00-4,389.00-2,924.005,758.005,775.00
Selling, General and Administrative Excl. Other3,572.003,389.003,252.002,950.002,493.001,872.001,831.002,480.002,450.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,410.004,386.003,575.001,958.00-3,917.00-6,261.00-4,755.003,278.003,325.00
Interest Expense1,176.001,349.001,732.002,043.001,612.001,596.00901.00222.00194.00
Unusual Expense74.00422.0077.00100.00458.001,499.004,562.00-23.00-94.00
Net Income Before Taxes3,179.002,772.001,915.00-62.00-6,080.00-9,522.00-10,253.003,060.003,207.00
Income Taxes32.0012.00-1.0013.0014.00-21.00-17.0070.0055.00
Consolidated Net Income3,146.002,760.001,916.00-74.00-6,093.00-9,501.00-10,236.002,990.003,152.00
Net Income From Continuing Operations3,137.002,760.001,916.00-74.00-6,093.00-9,501.00-10,236.002,990.003,152.00
Net Income3,137.002,760.001,916.00-74.00-6,093.00-9,501.00-10,236.002,990.003,152.00
EPS (Recurring)2.342.231.48-0.00-4.89-7.53-9.094.304.35
EPS (Basic, Before Extraordinaries)2.312.101.50-0.06-5.16-8.46-13.214.334.45
EPS (Diluted)2.292.021.44-0.06-5.16-8.46-13.214.324.44
EBITDA7,310.007,176.006,131.004,326.00-1,494.00-3,888.00-2,342.005,437.005,342.00
Non-Operating Income (Expense)18.00157.00150.00122.00-93.00-166.00-35.00-19.00-18.00
Other After Tax Adjustments-1.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio13.4213.4222.64----10.2013.58
Price To Sales Ratio1.181.361.420.880.9610.372.771.502.27
Gross Margin28.9329.2127.2922.73-11.70-230.03-52.2627.6530.59
Operating Margin15.9816.4814.299.07-32.19-328.14-84.9915.7417.61
Net Margin11.3710.377.66-0.34-50.07-497.96-182.9514.3616.69
Shares Outstanding1,352.001,312.001,308.001,264.001,259.001,136.001,087.00684.00696.00
Market Capitalization41,333.3141,333.3132,226.4219,061.5912,494.6219,925.2218,681.3031,983.3643,729.84

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue8,435.006,663.006,165.006,330.008,153.006,328.005,810.005,938.00
Cost of Goods Sold Incl. D&A5,382.004,948.004,635.004,646.005,102.004,578.004,420.004,492.00
Gross Profit3,053.001,715.001,530.001,684.003,051.001,750.001,390.001,446.00
Selling, General and Administrative Excl. Other834.00863.00924.00951.00779.00816.00848.00886.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income2,219.00852.00606.00733.002,272.00934.00542.00560.00
Interest Expense285.00285.00291.00315.00296.00339.00375.00403.00
Unusual Expense23.000.000.0051.00111.004.00252.001.00
Net Income Before Taxes1,939.00556.00280.00404.001,857.00582.00-71.00290.00
Income Taxes16.0017.0017.00-18.006.0017.007.00-13.00
Consolidated Net Income1,923.00539.00262.00422.001,852.00565.00-78.00303.00
Net Income From Continuing Operations1,920.00537.00258.00422.001,852.00565.00-78.00303.00
Net Income1,920.00537.00258.00422.001,852.00565.00-78.00303.00
EPS (Recurring)1.420.390.190.341.390.420.080.23
EPS (Basic, Before Extraordinaries)1.410.390.190.321.410.43-0.060.23
EPS (Diluted)1.400.390.190.311.330.42-0.060.23
EBITDA2,973.001,575.001,302.001,460.002,989.001,626.001,196.001,219.00
Non-Operating Income (Expense)27.00-11.00-35.0037.00-8.00-10.0013.00132.00
Other After Tax Adjustments0.000.00-1.000.000.000.000.000.00
Price To Earnings Ratio13.4212.4815.7513.4217.2815.4617.1922.64
Price To Sales Ratio1.181.431.631.361.701.251.231.42
Gross Margin36.1925.7424.8226.6037.4227.6523.9224.35
Operating Margin26.3112.799.8311.5827.8714.769.339.43
Net Margin22.768.064.186.6722.728.93-1.345.10
Shares Outstanding1,352.001,372.001,385.001,312.001,312.001,312.001,311.001,308.00
Market Capitalization41,333.3134,766.3443,612.2033,853.0141,871.8930,464.4131,324.6132,226.42

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,928.001,210.002,426.006,017.009,147.009,513.00518.00982.00395.00
Short Term Receivables678.00590.00556.00395.00246.00273.00598.00358.00312.00
Inventories505.00507.00528.00428.00356.00335.00427.00450.00387.00
Other Current Assets745.00735.001,463.00652.00384.00442.00516.00435.00502.00
Total Current Assets3,856.003,042.004,972.007,492.0010,133.0010,563.002,059.002,225.001,596.00
Net Property, Plant & Equipment44,822.0043,163.0041,381.0039,961.0039,440.0039,443.0038,131.0035,336.0034,430.00
Total Investments and Advances221.00184.00149.001.0030.000.000.000.000.00
Intangible Assets1,756.001,742.001,748.001,735.001,760.001,993.004,086.004,101.004,167.00
Other Assets1,032.00926.00870.002,514.001,981.001,594.00782.00739.00585.00
Total Assets51,687.0049,057.0049,120.0051,703.0053,344.0053,593.0045,058.0042,401.0040,778.00
Short Term Debt Incl. Current Port. of LT Debt2,778.001,701.002,238.002,739.004,859.004,977.001,827.002,426.002,202.00
Accounts Payable1,245.001,133.001,168.001,050.00797.00624.00756.00730.00762.00
Other Current Liabilities9,069.008,783.008,075.006,816.004,752.003,085.006,544.006,048.005,836.00
Total Current Liabilities13,092.0011,617.0011,481.0010,605.0010,408.008,686.009,127.009,204.008,800.00
Long Term Debt25,215.0027,175.0029,653.0033,142.0029,748.0023,403.009,675.007,897.006,993.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Other Liabilities1,096.001,014.001,105.00891.001,044.00949.00891.00857.00769.00
Total Liabilities39,403.0039,806.0042,239.0044,638.0041,200.0033,038.0019,693.0017,958.0016,562.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity12,284.009,251.006,882.007,065.0012,144.0020,555.0025,365.0024,443.0024,216.00
Total Shareholders Equity12,284.009,251.006,882.007,065.0012,144.0020,555.0025,365.0024,443.0024,216.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity12,284.009,251.006,882.007,065.0012,144.0020,555.0025,365.0024,443.0024,216.00
Total Liabilities & Stockholders Equity51,687.0049,057.0049,121.0051,703.0053,344.0053,593.0045,058.0042,401.0040,778.00
Book Value Per Share9.367.075.445.6110.6918.9137.0835.1233.73
Tangible Book Value Per Share8.025.744.064.239.1417.0831.1129.2327.92
Price to Book Ratio2.933.752.771.771.651.061.221.721.96
Return on Assets5.483.90-0.15-11.60-17.77-20.756.847.586.54
Return on Equity25.6323.75-1.06-63.44-58.11-44.5812.0112.9611.13
Return on Invested Capital7.365.26-0.20-15.15-22.68-23.298.539.758.35
Quick Ratio0.260.220.390.670.941.180.180.190.14
Current Ratio0.290.260.430.710.971.220.230.240.18

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,147.002,760.001,916.00-74.00-6,093.00-9,501.00-10,236.002,990.003,152.00
Depreciation2,898.002,790.002,557.002,370.002,423.002,373.002,413.002,160.002,017.00
Other Funds (Non Cash)643.00813.00490.00460.00837.002,061.004,708.00115.0017.00
Funds from Operations6,688.006,363.004,963.002,756.00-2,833.00-5,067.00-3,115.005,265.005,186.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital82.00-145.00960.001,525.001,163.00958.00-3,186.00210.00363.00
Cash from Operating Activities6,770.006,218.005,923.004,281.00-1,670.00-4,109.00-6,301.005,475.005,549.00
Capital Expenditures-3,645.00-3,611.00-4,626.00-3,284.00-4,940.00-3,607.00-3,620.00-5,429.00-3,749.00
Net Assets From Acquisitions0.000.000.000.00-1.00-90.00-81.000.000.00
Sale of Fixed Assets and Businesses14.00323.0058.00340.0070.00351.00334.0026.00389.00
Purchase or Sale of Investments0.000.000.000.00200.00-200.000.000.000.00
Purchase of Investments0.000.000.000.00-315.00-2,873.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.00515.002,673.000.000.000.00
Other Uses-60.00-100.00-1.000.00-96.000.000.00-6.00-142.00
Other Sources2.0067.0034.00134.000.003.00127.00132.000.00
Cash from Investing Activities-3,689.00-3,321.00-4,535.00-2,810.00-4,767.00-3,543.00-3,240.00-5,277.00-3,502.00
Cash Dividends Paid-618.000.000.000.000.000.00-689.00-1,387.00-1,355.00
Change in Capital Stock-929.000.000.007.001,188.001,027.003,237.00-603.00-1,468.00
Repurchase of Common Pref Stock-929.000.000.00-20.00-87.00-188.00-12.00-603.00-1,468.00
Sale of Common Pref Stock0.000.000.0027.001,275.001,215.003,249.000.000.00
Proceedsfrom Stock Options0.000.000.0027.001,275.001,215.003,249.000.000.00
Issuance or Reduction of Debt, Net-1,988.00-1,928.00-2,544.00-5,030.002,390.006,466.0016,251.001,418.001,403.00
Change in Long Term Debt-1,988.00-1,928.00-2,544.00-4,830.004,980.006,759.0013,399.002,023.00986.00
Issuance of Long Term Debt2,458.0011,008.002,892.002,830.007,055.0012,715.0015,020.003,674.002,542.00
Reduction of Long Term Debt-4,446.00-12,936.00-5,436.00-7,660.00-2,075.00-5,956.00-1,621.00-1,651.00-1,556.00
Net Financing Active Other Cash Flow-81.00-261.00-40.00-66.00-1.00-544.00-149.00-83.00-40.00
Other Financing Activities Uses-80.00-273.00-41.00-79.00-1.00-545.00-149.00-83.00-40.00
Cash from Financing Activities-3,615.00-2,189.00-2,584.00-5,089.003,577.006,949.0018,650.00-655.00-1,460.00
Exchange Rate Effect-16.0019.00-8.0017.00-79.00-12.0052.00-8.000.00
Net Change in Cash-551.00727.00-1,204.00-3,601.00-2,939.00-715.009,161.00-465.00587.00
Free Cash Flow3,125.002,607.001,297.00997.00-6,610.00-7,716.00-9,921.0046.001,800.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow13.0413.8627.4119.06----96.19
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,220.002,243.001,424.001,928.001,763.002,146.00
Short Term Receivables670.00633.00663.00678.00651.00569.00
Inventories528.00552.00510.00505.00475.00476.00
Other Current Assets610.00582.00727.00745.00640.00713.00
Total Current Assets3,027.004,011.003,323.003,856.003,529.003,904.00
Net Property, Plant & Equipment44,625.0044,876.0044,995.0044,822.0044,241.0044,116.00
Total Investments and Advances0.000.000.00221.000.000.00
Intangible Assets1,760.001,760.001,760.001,756.001,760.001,757.00
Other Assets1,560.001,581.001,488.001,032.001,301.001,388.00
Total Assets50,971.0052,228.0051,567.0051,687.0050,831.0051,165.00
Short Term Debt Incl. Current Port. of LT Debt2,204.001,639.001,673.002,778.001,595.001,569.00
Accounts Payable1,159.001,246.001,242.001,245.001,173.001,198.00
Other Current Liabilities9,112.0010,549.009,505.009,069.008,668.0010,153.00
Total Current Liabilities12,475.0013,434.0012,420.0013,092.0011,436.0012,920.00
Long Term Debt22,958.0024,531.0024,934.0025,215.0026,265.0027,079.00
Provision for Risks Charges0.000.000.000.000.000.00
Other Liabilities1,333.001,279.001,164.001,096.001,202.001,159.00
Total Liabilities36,766.0039,244.0038,518.0039,403.0038,903.0041,158.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity14,188.0012,967.0013,031.0012,284.0011,928.0010,007.00
Total Shareholders Equity14,188.0012,967.0013,031.0012,284.0011,928.0010,007.00
Accumulated Minority Interest19.0016.0018.000.000.000.00
Total Equity14,207.0012,983.0013,049.0012,284.0011,928.0010,007.00
Total Liabilities & Stockholders Equity50,973.0052,227.0051,567.0051,687.0050,831.0051,165.00
Book Value Per Share10.499.459.419.369.097.63
Tangible Book Value Per Share9.198.178.148.027.756.29
Price to Book Ratio2.932.983.372.844.183.32
Return on Assets6.165.946.195.485.255.01
Return on Equity24.0226.7227.8825.6425.7430.02
Return on Invested Capital5.171.430.681.134.851.52
Quick Ratio0.200.260.230.260.270.27
Current Ratio0.240.300.270.290.310.30

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,924.00538.00263.00422.001,852.00564.00
Depreciation753.00723.00696.00726.00718.00692.00
Other Funds (Non Cash)151.00138.00179.00175.00203.0067.00
Funds from Operations2,828.001,399.001,138.001,323.002,773.001,323.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-1,440.001,206.00121.00195.00-1,390.001,069.00
Cash from Operating Activities1,388.002,605.001,259.001,518.001,383.002,392.00
Capital Expenditures-698.00-875.00-566.00-1,506.00-647.00-851.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.003.0011.000.00301.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-4.00-9.00-37.00-10.00-45.00-36.00
Other Sources0.000.003.00-1.0068.000.00
Cash from Investing Activities-702.00-884.00-597.00-1,506.00-624.00-586.00
Cash Dividends Paid-204.00-206.00-208.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-548.00-381.000.000.000.000.00
Repurchase of Common Pref Stock-548.00-381.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-939.00-302.00-945.00198.00-1,103.00-531.00
Change in Long Term Debt-939.00-302.00-945.00198.00-1,103.00-531.00
Issuance of Long Term Debt0.000.000.002,458.004,509.001,085.00
Reduction of Long Term Debt-939.00-302.00-945.00-2,260.00-5,612.00-1,616.00
Net Financing Active Other Cash Flow-16.00-24.00-9.00-32.00-42.0011.00
Other Financing Activities Uses-16.00-24.00-9.00-31.00-45.001.00
Cash from Financing Activities-1,706.00-913.00-1,162.00166.00-1,145.00-520.00
Exchange Rate Effect0.00-3.00-2.00-11.006.0030.00
Net Change in Cash-1,021.00804.00-501.00167.00-380.001,316.00
Free Cash Flow690.001,730.00693.0012.00736.001,541.00
Price to Free Cash Flow13.0414.1315.8313.8715.3411.59

Revenue breakdown

Consolidation, Policy2025: 1.00M
Cruise Onboard And Other2024: 8.56B 2025: 9.20B
Cruise Passenger Ticket2024: 16.46B 2025: 17.42B
Consolidation, Policy2025: -1.00M
Germany2024: 3.06B 2025: 3.35B
Other countries2024: 5.16B 2025: 5.37B
United Kingdom2024: 2.74B 2025: 3.05B
United States2024: 14.06B 2025: 14.85B
Consolidation, Policy2024: -1.00M 2025: 1.00M
Cruise2024: 255.00M 2025: 309.00M
Europe2024: 7.71B 2025: 8.47B
North America2024: 16.80B 2025: 17.60B
Tour And Other2024: 255.00M 2025: 241.00M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.25%40.5M1248.5M21.14M
2026-10-153.33%41.6M1248.5M21.10M
2026-09-303.28%41.0M1248.5M20.81M
2026-09-153.79%48.2M1271.7M20.05M
2026-08-313.73%43.0M1150.4M20.75M
2026-08-142.98%36.8M1235.6M22.48M
2026-07-313.05%37.7M1235.5M25.55M
2026-07-152.73%33.8M1235.5M26.36M
2026-06-302.73%33.7M1235.6M27.81M
2026-06-153.30%40.7M1233.9M28.06M
2026-05-293.08%38.0M1235.2M29.72M
2026-05-153.95%48.8M1235.2M28.09M
2026-04-303.84%43.9M1141.1M26.10M
2026-04-153.76%42.9M1141.5M25.44M
2026-03-313.78%43.2M1141.0M24.42M
2026-03-133.70%42.2M1141.0M22.89M
2026-02-273.38%38.5M1141.0M20.06M
2026-02-133.59%40.8M1138.9M20.65M
2026-01-303.44%39.0M1133.4M20.81M
2026-01-153.75%40.1M1070.0M21.18M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call14.0016.7517.1516.806.34714.001.000.997-0.0240.000
call15.0015.8516.1515.895.85320.002.000.996-0.0240.000
call16.0014.8515.1514.805.39113.004.000.996-0.0240.000
call17.0013.8514.1513.944.59342.0050.000.996-0.0240.000
call18.0012.6513.1512.864.54640.0048.000.995-0.0240.000
call19.0011.5012.1511.804.1558.0050.000.995-0.0240.000
call20.0010.6011.2010.884.0264.0053.000.995-0.0240.000
call21.009.7010.209.953.65295.0012.000.994-0.0230.000
call21.509.259.759.483.66293.0019.000.994-0.0230.000
call22.008.709.208.803.29310.0010.000.993-0.0230.000
call22.508.208.708.283.11812.004.000.993-0.0230.000
call23.007.758.207.972.9452.005.000.987-0.0390.001
call23.507.257.757.442.9393.006.000.986-0.0380.001
call24.006.857.257.042.7653.0014.000.985-0.0380.001
call24.506.256.656.592.2745.008.000.984-0.0380.001
call25.005.806.205.982.27914.002.000.983-0.0370.001
call25.505.305.655.141.9643.000.000.982-0.0360.001
call26.004.705.204.971.9568.002.000.980-0.0360.001
call26.504.154.854.172.13917.000.000.978-0.0350.001
call27.003.804.153.981.50767939.000.976-0.0340.001
call27.503.353.703.121.47643.000.000.974-0.0330.001
call28.002.823.203.101.3167109.000.969-0.0340.002
call28.502.252.662.511.0722832.000.957-0.0390.002
call29.001.872.181.950.8092,26215.000.935-0.0490.003
call29.501.401.701.520.71673859.000.869-0.0810.005
call30.001.011.221.130.6741,2501820.790-0.1020.006
call30.500.670.830.750.56829899.000.669-0.1190.008
call31.000.380.500.400.5076,1492710.509-0.1270.009
call31.500.190.250.200.5112,1261240.341-0.1130.008
call32.000.060.090.070.4377852380.199-0.0850.006
call32.500.020.040.030.4422261220.115-0.0620.004
call33.000.010.020.020.50637727.000.165-0.1280.006
call34.000.000.080.010.69592.000.000.037-0.0340.002
call35.000.000.080.010.8701540.000.028-0.0330.001
call36.000.000.080.161.0351010.000.024-0.0340.001
call37.000.000.130.121.0772.000.000.012-0.0200.001
put14.000.000.010.013.7821190.00-0.006-0.0290.000
put15.000.000.010.013.4751080.00-0.006-0.0290.000
put16.000.002.130.123.6323.001.00-0.004-0.0240.000
put17.000.002.130.283.1531.000.00-0.004-0.0220.000
put18.000.002.130.102.9811.001.00-0.004-0.0230.000
put19.000.002.130.182.7541022.00-0.005-0.0230.000
put20.000.002.130.012.4551210.00-0.005-0.0220.000
put21.000.002.130.012.2032370.00-0.006-0.0220.000
put21.500.001.360.012.1141010.00-0.006-0.0220.000
put22.000.000.260.012.0029.000.00-0.007-0.0220.000
put22.500.000.010.001.9130.000.00-0.012-0.0340.001
put23.000.000.070.011.93045.005.00-0.013-0.0380.001
put23.500.000.050.011.6232.000.00-0.008-0.0210.000
put24.000.000.030.011.6861410.00-0.015-0.0370.001
put24.500.000.050.061.5677.000.00-0.016-0.0360.001
put25.000.000.250.021.2985900.00-0.010-0.0200.001
put25.500.000.500.011.33338.001.00-0.018-0.0350.001
put26.000.000.190.101.2191991.00-0.020-0.0340.001
put26.500.000.500.011.1051051.00-0.021-0.0340.001
put27.000.000.190.100.9924031.00-0.024-0.0330.001
put27.500.000.030.020.8891281.00-0.026-0.0320.001
put28.000.000.030.010.7671,3831.00-0.031-0.0320.002
put28.500.000.020.020.6556625.00-0.043-0.0370.002
put29.000.010.030.020.58799762.00-0.065-0.0470.003
put29.500.030.080.040.60148376.00-0.131-0.0790.005
put30.000.070.130.080.5411,657138-0.210-0.1000.006
put30.500.170.260.220.535775149-0.331-0.1170.008
put31.000.310.490.440.55612931.00-0.491-0.1250.009
put31.500.580.760.720.52816.0058.00-0.659-0.1110.008
put32.000.951.221.090.66029.009.00-0.801-0.0830.006
put32.501.311.721.540.8220.004.00-0.885-0.0600.004
put33.001.153.602.392.5401.000.00-0.835-0.1260.006
put34.002.053.453.371.6180.000.00-0.963-0.0320.002
put35.003.754.954.352.60913.001.00-0.972-0.0310.001
put36.004.806.405.283.4891.001.00-0.976-0.0320.001
put37.005.757.450.003.8410.000.00-0.979-0.0330.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-048-KCurrent report2026-11-03SEC
2026-10-304Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-28144Filing for proposed sale of securities under Rule 144.SEC
2026-09-29S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-09-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-08-31SEC
2026-09-298-KCurrent report2026-09-29SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-058-KCurrent report2026-08-05SEC
2026-07-27SCHEDULE 13GSEC
2026-06-2610-QQuarterly report pursuant to Section 13 or 15(d)2026-05-31SEC
2026-06-238-KCurrent report2026-06-23SEC
2026-06-014Statement of changes in beneficial ownership of securities2026-05-28SEC
2026-05-29SDSpecialized Disclosure ReportSEC
2026-05-28144Filing for proposed sale of securities under Rule 144.SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-08SEC
2026-05-07S-8 POSPost-effective amendment to a S-8 registration statementSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-1100834.06K1
2026-1000693.75K1
2026-090000
2026-080000
2026-070000
2026-060000
2026-05001.21M2
2026-0400313.97K1
2026-03003001
2026-020012.02M1
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.7.77%
VANGUARD CAPITAL MANAGEMENT LLC6.67%
VANGUARD PORTFOLIO MANAGEMENT LLC5.04%
STATE STREET CORP4.70%
CAUSEWAY CAPITAL MANAGEMENT LLC3.32%
GEODE CAPITAL MANAGEMENT, LLC2.62%
FMR LLC2.37%
BARROW HANLEY MEWHINNEY & STRAUSS LLC2.22%
JPMORGAN CHASE & CO1.98%
DIMENSIONAL FUND ADVISORS LP1.45%

Funds

Fund% owned
Franklin Income Fund9.28%
Lord Abbett Ultra Short Bond Fund7.36%
American Balanced Fund5.81%
Bond Fund4.15%
BlackRock High Yield Portfolio3.99%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.19%
VANGUARD 500 INDEX FUND2.69%
Allspring Core Plus Bond Fund2.61%
Baird Short-Term Bond Fund2.32%
VANGUARD MID-CAP INDEX FUND2.18%

OakChart. CCL. Cached 15 minutes.