Carnival Corp Ltd. (CCL) Factsheet
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Carnival Corp Ltd. (CCL) Stock Analysis
Analysis from 10-Q filed 2026-09-29. Data as of Q3 2026.
Overall Grade: F (Concerning)
Grade F (Concerning). ROIC 11.4%. FCF margin 11.5%. D/E 1.7x. Source: 10-Q filed 2026-09-29.
| Metric | Value | Context |
|---|---|---|
| ROIC | 11.4% | Near cost of capital |
| FCF Margin | 11.5% | Healthy cash flow |
| Debt/Equity | 1.7x | Elevated debt |
ROIC 11.4% — Top 25% of sector peers. FCF margin 11.5% — Top 25%.
Explore Carnival Corp Ltd.: Earnings History | Filings
Programmatic access: Available via MCP at mcp.metricduck.com. Tools for CCL: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.
Profitability: Carnival Corp Ltd. earns 11.4% ROIC, Top 25% in Transportation
ROIC TTM 11.4%, sector median 7.1%, Top 25%. DuPont: NOPAT margin 15.8% × asset turnover 0.5x. Operating margin 16.0%. Source: 10-Q filed 2026-09-29.
| Metric | CCL | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 11.4% | Adequate | Above sector median of 7.1% |
| Return on Equity (ROE) | 24.4% | Excellent | Efficient use of shareholder equity |
| Operating Margin | 16.0% | Good | Efficient operations |
Cash Flow: Carnival Corp Ltd. generates $3.2B FCF at 11.5% margin, positive NaN/8 quarters
FCF TTM $3.2B. FCF margin 11.5%, Top 25%. OCF/Net income 2.2x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-09-29.
| Metric | CCL | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 11.5% | Good | Healthy cash generation |
| Free Cash Flow (TTM) | $3.2B | Good | Positive cash generation |
| OCF/Net Income | 2.2x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: Carnival Corp Ltd. at 1.7x leverage, 3.8x interest coverage
Debt/Equity 1.7x. Total debt $23.9B, cash & investments $1.2B. Interest coverage 3.8x. Source: 10-Q filed 2026-09-29.
| Metric | CCL | Rating | Context |
|---|---|---|---|
| Debt to Equity | 1.7x | Warning | Elevated leverage |
| Net Cash Position | $-22.7B | Warning | Net debt position |
| Interest Coverage | 3.8x | Adequate | Monitor debt obligations |
Valuation: Carnival Corp Ltd. trades at 10.8x earnings
P/E 10.8x. EV/Sales 2.0x. FCF yield 9.4%. Dividend yield 1.8%. Source: 10-Q filed 2026-09-29.
| Metric | CCL | Rating | Context |
|---|---|---|---|
| P/E Ratio | 10.8x | Adequate | Reasonable valuation |
| EV/Sales | 2.0x | Good | Attractive revenue multiple |
| FCF Yield | 9.4% | Excellent | Attractive cash return |
| Dividend Yield | 1.8% | Adequate | Growth focus over income |
Capital Allocation: Carnival Corp Ltd. returns 1.8% shareholder yield
Total shareholder yield 1.8% (div 1.8%). Share count +15.2% YoY. Capital returned $618.0M TTM. Source: 10-Q filed 2026-09-29.
| Metric | CCL | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 1.8% | Adequate | Dividend + buyback yield combined |
| Share Count Change (YoY) | 15.2% | Warning | Net dilution from issuance/SBC |
| Total Capital Returned (TTM) | $618.0M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 11.4% | Top 25% | 1.6x above |
| Free Cash Flow Margin | 11.5% | Top 25% | 2.8x above |
| Operating Margin | 16.0% | Top 25% | 2.3x above |
| Return on Equity (ROE) | 24.4% | Top 50% | 2.3x above |
| P/E Ratio | 10.8x | N/A | - |
Financial Scorecard
| Metric | CCL | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | 11.4% | Adequate | Top 25% of sector (median: 7.1%) |
| Free Cash Flow Margin | 11.5% | Good | Top 25% of sector (median: 4.1%) |
| Debt to Equity Ratio | 168.5% | Warning | High financial leverage |
| P/E Ratio (Price-to-Earnings) | 10.8x | Adequate | Attractively valued |
| Free Cash Flow Yield | 9.4% | Excellent | High cash return |
Frequently Asked Questions
Q: What is Carnival Corp Ltd.'s Return on Invested Capital (ROIC)?
Carnival Corp Ltd. (CCL) has a trailing twelve-month Return on Invested Capital (ROIC) of 11.4%. The 8-quarter median ROIC is 8.3% with a improving trend. Sector median 7.1%. Source: 10-Q filed 2026-09-29.
Q: What is Carnival Corp Ltd.'s Free Cash Flow Margin?
Carnival Corp Ltd. (CCL) has a free cash flow margin of 11.5%, generating $3.2 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-09-29.
Q: What is Carnival Corp Ltd.'s P/E ratio and how does it compare to peers?
Carnival Corp Ltd. (CCL) trades at a P/E ratio of 10.8x, which is above the sector median of N/A. EV/Sales 2.0x. FCF yield 9.4%. Source: 10-Q filed 2026-09-29.
Q: Does Carnival Corp Ltd. pay a dividend?
Carnival Corp Ltd. (CCL) currently pays a dividend yield of 1.8%. Total shareholder yield (dividend + buybacks) 1.8%. Source: 10-Q filed 2026-09-29.
Q: How much debt does Carnival Corp Ltd. have?
Carnival Corp Ltd. (CCL) has a debt-to-equity ratio of 1.7x with total debt of $23.9 billion. Interest coverage 3.8x. Net debt $22.7 billion. Source: 10-Q filed 2026-09-29.
Q: What is Carnival Corp Ltd.'s revenue and earnings growth?
Carnival Corp Ltd. (CCL) grew revenue by 5.2% year-over-year. EPS +16.1% YoY. Source: 10-Q filed 2026-09-29.
Q: How does Carnival Corp Ltd. compare to competitors in Transportation?
Compared to other companies in Transportation, Carnival Corp Ltd. (CCL) shows: ROIC 11.4%, sector median 7.1% (Top 25%). FCF margin 11.5%, sector median 4.1% (Top 25%). These rankings are based on MetricDuck's analysis of all Transportation companies with available SEC filings.
Q: What warning signs should I watch for with Carnival Corp Ltd.?
Quantitative warning flags for Carnival Corp Ltd. (CCL): 1) debt/equity 1.7x (above 1.5x threshold); 2) interest coverage 3.8x (below 5x). Source: 10-Q filed 2026-09-29.
Data Source: Data sourced from 10-Q filed 2026-09-29. TTM metrics as of Q3 2026.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.