8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
Apr 20, 2026·SEC
Material company update
Mar 27, 2026·SEC
Carnival Corporation & plc(CUK)Earnings, Financials & Key Ratios
CUK•NYSE
$27.47
13.6× P/E·Price updated Jul 1, 2026
AboutCarnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.Show more
- Revenue$26.62B+6.4%
- EBITDA$7.27B+18.6%
- Net Income$2.76B+44.1%
- EPS (Diluted)2.02+40.3%
- Gross Margin29.62%-21.0%
- EBITDA Margin27.32%+11.5%
- Operating Margin16.84%+17.9%
- Net Margin10.37%+35.4%
- ROE25.63%+7.9%
CUK Price & Volume
Carnival Corporation & plc (CUK) stock price & volume — 10-year historical chart
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Cyclical Recovery Faces Structural Margin Headwinds
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial:Strained
Cash Flow:Improving
Primary Risk:High Debt Refinancing Exposure
Key Thesis Takeaways
- Carnival Corporation is navigating a transition from post-pandemic recovery to a mature growth phase, characterized by decelerating revenue expansion and persistent cost pressures.
- While the company has successfully reduced its debt-to-equity ratio from 4.79 in 2024Q1 to 2.04 in 2026Q1, the capital-intensive nature of its $45 billion fleet requires ongoing reinvestment that limits free cash flow consistency.
- Investors should monitor the company's ability to scale operating margins above the 9.8% reported in 2026Q1 while managing a $26.6 billion debt load in a volatile macroeconomic environment.
Verdict Logic
while the company has made progress in deleveraging, the current 13.60 P/E ratio and the persistent 9.8% operating margin suggest that significant operational risks remain regarding long-term profitability.
CUK Growth Metrics
Carnival Corporation & plc (CUK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.41%
5 Years36.62%
3 Years29.82%
TTM6.1%
Profit CAGR
10 Years4.62%
5 Years-
3 Years-
TTM50.88%
EPS CAGR
10 Years-1.12%
5 Years-
3 Years-
TTM49.72%
Return on Capital
10 Years1.58%
5 Years-0.06%
3 Years8.76%
Last Year11.79%
CUK Recent Earnings
Carnival Corporation & plc (CUK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Mar 27, 2026Metric
Actual
Est
EPS
$0.20+8.4%
$0.18
Rev
$6.2B+0.4%
$6.1B
Q1 2026
Jan 27, 2026Metric
Actual
Est
EPS
$0.30+62.6%
$0.18
Rev
$6.3B+3.1%
$6.1B
Q4 2025
Sep 29, 2025Metric
Actual
Est
EPS
$1.43+8.3%
$1.32
Rev
$8.2B+28.2%
$6.4B
Q3 2025
Jun 24, 2025Metric
Actual
Est
EPS
$0.35+42.0%
$0.25
Rev
$2.1B-73.7%
$8.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 27, 2026 | $0.20vs $0.18+8.4% | $6.2Bvs $6.1B+0.4% |
| Q1 2026 | Jan 27, 2026 | $0.30vs $0.18+62.6% | $6.3Bvs $6.1B+3.1% |
| Q4 2025 | Sep 29, 2025 | $1.43vs $1.32+8.3% | $8.2Bvs $6.4B+28.2% |
| Q3 2025 | Jun 24, 2025 | $0.35vs $0.25+42.0% | $2.1Bvs $8.1B-73.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Carnival Corporation & plc (CUK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $27.47 | $38.51B | 13.60 | 6.4% | 10.37% | 25.63% | — | |
| $282.26 | $76.36B | 18.08 | 8.8% | 24.39% | 44.93% | — | |
| $18.83 | $8.65B | 20.92 | 3.67% | 5.66% | 27.04% | — | |
| $26.68 | $36.54B | 13.21 | 6.4% | 11.24% | 24.43% | — | |
| $341.12 | $77.66B | 55.74 | 7.74% | 12.56% | — | — | |
| $380.75 | $100.4B | 40.12 | 4.33% | 9.72% | — | — |
Compare CUK vs Peers
Carnival Corporation & plc (CUK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CUK SEC Filings & Documents
Carnival Corporation & plc (CUK) SEC filings — annual & quarterly reports (10-K, 10-Q)
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CUK Frequently Asked Questions
Carnival Corporation & plc (CUK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Carnival Corporation & plc's revenue?
Carnival Corporation & plc (CUK) reported $26.98B in revenue for fiscal year 2025. This represents a 1119% increase from $2.21B in 1996.
How fast is Carnival Corporation & plc growing?
Carnival Corporation & plc (CUK) grew revenue by 6.4% over the past year. This is steady growth.
Is CUK profitable?
Yes, Carnival Corporation & plc (CUK) is profitable, generating $3.10B in net income for fiscal year 2025 (10.4% net margin).
Dividend & Returns
What is CUK's return on equity?
Carnival Corporation & plc (CUK) has a return on equity (ROE) of 25.6%. This is excellent, indicating efficient use of shareholder capital.
What is Carnival Corporation & plc's free cash flow?
Carnival Corporation & plc (CUK) generated $2.99B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.