Carnival Corporation
NYSE: CCL
Stock price
27.98 USD
(-4.51%) 5 years
Financial Performance
5Y price score: (6)
against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index,
while a score above 100 means it outperformed the S&P 500.
10Y return: (30.8)%
US$ Per
Share
Earnings per share
Free cash flow per share
Stock price
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17.0
52-week range
34.0
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| Required return / cost of capital |
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Valuation
Free Cash Flow Yield
7.6 %
Dividend Yield TTM
0.5 %
Market cap $
$ 38,756.2
Price / Earnings TTM
12.4
Price / Book TTM
3
PEG TTM
0.3
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
59 %
(4.5) %
(30.8) %
Free cash flow per share growth
100.4 %
114.5 %
(35.6) %
Earnings per share growth
40.3 %
115.3 %
(10.6) %
Founded: 1,972
Employees: 2,321
Business Summary:
all figures in USD Millions except per share data
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Latest Earnings Call Takeaways
2026 Q1 (Mar 27, 2026)
1) Strong Q1 Performance and Record Metrics - Carnival Corporation reported record first-quarter revenues, net yields, operating income, EBITDA, and customer deposits. - Net income reached $275 million, exceeding guidance by $40 million and up 55% YoY. - Yields improved by 2.7% YoY, building on a 7% increase from the previous year. - Customer deposits hit nearly $8 billion, a 10% increase YoY, indicating strong demand and booking momentum.
2) Strategic Initiatives and PROPEL Plan - The company introduced the PROPEL initiative, targeting a 16% return on invested capital and 50% EPS growth by 2029. - Key drivers include yield expansion, disciplined capacity growth (only 3 ships entering service), and enhanced monetization of destination assets. - Carnival aims to return 40% of cash from operations to shareholders, equating to approximately $14 billion over the next few years, alongside a $2.5 billion stock buyback authorization.
3) Operational Challenges and Cost Management - Despite strong performance, Carnival faces a $500 million headwind from rising fuel costs, which is expected to impact EPS by $0.38 for the year. - Cruise costs without fuel are projected to rise by 3.1%, slightly better than previous guidance, reflecting ongoing cost-saving initiatives. - The company remains focused on operational efficiencies and maintaining a strong cost structure to mitigate external pressures.
4) Market Demand and Booking Trends - Bookings for current year sailings are up 10% YoY, with 85% of 2026 already booked at historically high prices. - Demand remains robust across various regions, with particularly strong performance in the Caribbean and Alaska. - Cancellation rates have not shown significant increases, indicating stable demand despite geopolitical uncertainties.
5) Guidance and Future Outlook - Full-year EPS guidance is set at $2.21, incorporating first-quarter operational improvements but offset by fuel price impacts. - The company anticipates moderate yield growth of approximately 2.75% for the year, with ongoing focus on enhancing onboard spending and guest engagement. - Future earnings calls may provide additional insights into the evolving geopolitical landscape and its potential impact on operations.
Bottom line: Carnival Corporation's strong Q1 results and strategic initiatives position it well for future growth, despite facing challenges from rising fuel costs. The PROPEL plan aims to enhance shareholder returns while maintaining operational efficiency, making it a compelling investment opportunity for shareholders.
Carnival Corporation — Financial Overview, Stock Price, Market Cap
Carnival Corporation is a company. Founded in 1972. As of April 13, 2026, the company's market capitalization is $38756204525 with a current stock price of $27.98.