Also trades as: CUK (NYSE) · $vol 85M · CCL.L (LSE) · $vol 29M · 0EV1.L (LSE) · $vol 2M · POH1.DE (XETRA) · $vol 1M
CCL NYSE
Carnival Corporation & plc
1W: +1.6%
1M: +20.7%
3M: -4.3%
YTD: -12.7%
1Y: -8.8%
3Y: +135.8%
5Y: +16.1%
$27.74
+0.89 (+3.30%)
After Hours: $27.70 (-0.04, -0.14%)
Weekly Expected Move ±8.0%
$22
$24
$26
$28
$30
Credit Risk of going bust: higher than 68% of companies Debt: 41.1% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.58 (down 94%), Carnival Corporation & plc would be worth roughly what it owes.
Total debt $25.16B against a stock market value of $36.12B.
Distance to default 3.55 (Merton model): prices to 2026-10-26, balance sheet 2026-08-31, debt counted $12.97B (short-term plus half of long-term), stock volatility 49.1%; Altman Z'' 0.24. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $1.58 (down 94%), Carnival Corporation & plc would be worth roughly what it owes.
Total debt $25.16B against a stock market value of $36.12B.
Distance to default 3.55 (Merton model): prices to 2026-10-26, balance sheet 2026-08-31, debt counted $12.97B (short-term plus half of long-term), stock volatility 49.1%; Altman Z'' 0.24. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Dividends
Analysis
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ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Supply Chain
Cash Flow Trends
Operating Cash Flow
$6.2B
+5.0% ▲
Capital Expenditures
$3.6B
+21.9% ▲
5Y CAGR: -0.0%
Free Cash Flow
$2.6B
+101.0% ▲
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+0.0% ▲
Net Change in Cash
$718M
+159.6% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$9.5B | -$6.1B | -$74M | $1.9B | $2.8B |
| Depreciation & Amort. | $2.2B | $2.3B | $2.4B | $2.6B | $2.8B |
| Stock-Based Comp. | $121M | $101M | $53M | $62M | $98M |
| Change in Working Capital | $958M | $1.2B | $1.5B | $960M | -$145M |
| Other Non-Cash Items | $449M | $884M | $407M | $428M | $715M |
| Operating Cash Flow | -$4.1B | -$1.7B | $4.3B | $5.9B | $6.2B |
| — Investing Activities — | |||||
| Capital Expenditures | -$3.6B | -$4.9B | -$3.3B | -$4.6B | -$3.6B |
| Acquisitions (Net) | -$90M | -$1M | $0 | $0 | $0 |
| Investment Purchases | -$2.9B | -$315M | $0 | $0 | $0 |
| Investment Sales | $2.7B | $515M | $0 | $0 | $0 |
| Other Investing | $351M | -$26M | $474M | $91M | $290M |
| Investing Cash Flow | -$3.5B | -$4.8B | -$2.8B | -$4.5B | -$3.3B |
| — Financing Activities — | |||||
| Net Debt Issuance | $7.1B | $2.5B | -$4.9B | -$2.3B | -$1.9B |
| Stock Repurchased | -$188M | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $51M | -$147M | -$195M | -$243M | -$261M |
| Financing Cash Flow | $6.9B | $3.6B | -$5.1B | -$2.6B | -$2.2B |
| Net Change in Cash | -$716M | -$2.9B | -$3.6B | -$1.2B | $718M |
| Cash End of Period | $9.0B | $6.0B | $2.4B | $1.2B | $1.9B |
| Free Cash Flow | -$7.7B | -$6.6B | $997M | $1.3B | $2.6B |