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Carnival (CCL) vs. S&P 500 (SPY)
Carnival Business Overview & Revenue Model
Carnival Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 25.02B | 21.59B | 12.17B | 1.91B | 5.59B | Gross Profit |
| 6.83B | 4.91B | 412.00M | -2.75B | -2.65B | EBIT |
| 3.57B | 1.96B | -4.38B | -7.09B | -8.87B | EBITDA |
| 6.23B | 4.37B | -2.20B | -4.79B | -7.12B | Net Income Common Stockholders |
| 1.92B | -74.00M | -6.09B | -9.50B | -10.24B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.21B | 2.42B | 4.03B | 9.14B | 9.51B | Total Assets |
| 49.06B | 49.12B | 51.70B | 53.34B | 53.59B | Total Debt |
| 28.88B | 31.89B | 35.88B | 34.61B | 28.38B | Net Debt |
| 27.67B | 29.48B | 31.85B | 25.67B | 18.87B | Total Liabilities |
| 39.80B | 42.24B | 44.64B | 41.20B | 33.04B | Stockholders Equity |
| 9.25B | 6.88B | 7.06B | 12.14B | 20.55B |
| Cash Flow | Free Cash Flow | |||
| 1.30B | 997.00M | -6.61B | -7.72B | -9.92B | Operating Cash Flow |
| 5.92B | 4.28B | -1.67B | -4.11B | -6.30B | Investing Cash Flow |
| -4.54B | -2.81B | -4.77B | -3.54B | -3.24B | Financing Cash Flow |
| -2.58B | -5.09B | 3.58B | 6.95B | 18.65B |
Carnival Technical Analysis
Carnival Risk Analysis
Carnival Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.86B | 5.68 | 28.33% | 1.07% | 18.05% | 16.71% | |
72 Outperform | $3.61B | 7.92 | 15.20% | 2.41% | 13.93% | 38.13% | |
66 Neutral | £24.60B | 15.83 | 20.71% | ― | 12.56% | ― | |
60 Neutral | $13.01B | 10.45 | 0.79% | 3.53% | 1.60% | -22.47% | |
48 Neutral | £174.03M | ― | -50.56% | ― | 15.70% | -119.71% |
Carnival Earnings Call Summary
Carnival Corporate Events
Carnival Corporation & plc has announced the submission of its 2024 Annual Report to the National Storage Mechanism, making it available for public inspection. This move underscores the company’s commitment to transparency and provides stakeholders with insights into its financial performance and strategic direction.
Carnival Corporation & plc announced several transactions involving its common stock, related to the vesting of various restricted stock units as part of its 2020 Stock Plan. These transactions include the vesting of management incentive, performance-based, and time-based restricted stock units, as well as shares withheld to cover associated taxes. Such transactions are part of the company’s efforts to align management incentives with shareholder interests, which could impact stockholder value and executive compensation.
Carnival Corporation & plc announced the redemption of its $1.0 billion 10.500% senior unsecured notes due 2030 and the launch of a new senior unsecured notes offering to reduce interest expenses. This strategic move aims to refinance existing debt, thereby potentially improving the company’s financial flexibility and lowering costs, which could have positive implications for its market positioning and stakeholders.
Carnival Corporation & plc has successfully closed a $2.0 billion senior unsecured notes offering at an interest rate of 6.125%, set to mature in 2033. The proceeds from this offering, combined with cash reserves, were utilized to redeem $2.03 billion worth of 10.375% senior priority notes due 2028, resulting in a significant reduction in annual interest expenses by over $80 million and a streamlined capital structure for the company, reflecting a strategic move to enhance financial efficiency and manage future debt obligations.
P&O Cruises announced a record-breaking January, experiencing its highest ever sales volume and an unprecedented number of new bookings, particularly for Norwegian fjords and Caribbean destinations. The company attributes this success to its new TV campaign and notes a trend of guests opting for more luxurious accommodations. In response to this demand, P&O Cruises has introduced limited-time offers, including extra onboard spending money and discounts on drinks packages, aimed at encouraging further bookings and enhancing customer experience.
Carnival plc, in alignment with the FCA’s Disclosure and Transparency Rules, reported its voting rights and share capital status as of January 31, 2025. The company has 217,406,012 issued ordinary shares, with 29,718,429 held in treasury and 144,811,311 voting rights available. This update provides shareholders with the necessary information to comply with notification obligations under regulatory rules.
Carnival Corporation & plc announced a financial maneuver to redeem its existing $2.03 billion Senior Priority Notes by launching a new $2.0 billion senior unsecured notes offering. This strategic move aims to reduce interest expenses, simplify the capital structure, and manage future debt maturities, potentially leading to enhanced financial stability and market positioning for the company. The new notes, expected to mature in 2033, will be offered to qualified institutional buyers, and the redemption is contingent upon the successful closing of this notes offering.
Carnival Corporation & plc announced the filing of their joint Annual Report on Form 10-K for the year ending November 30, 2024, with the SEC, confirming previously reported financial results. The company achieved record revenues of $25 billion, a significant increase from the previous year, and saw growth in operating income and onboard spending. Carnival has been focused on reducing debt and enhancing its sustainability efforts, cutting greenhouse gas emissions significantly. The company also highlighted the introduction of new ships and the development of new and enhanced cruise destinations, aimed at attracting new cruise guests and providing unique travel experiences.
Carnival Corporation & plc, a leading entity in the cruise industry, announced that Sara Mathew will not seek re-election to its board at the 2025 Annual Meetings of Shareholders. This change, effective after the AGM in April 2025, allows Mathew to focus on her other business ventures. The company expressed gratitude for her contributions and impacts on their boards and audit committees, signifying a notable transition in its leadership structure.
Carnival plc has announced that as of December 31, 2024, it has 217,401,886 issued ordinary shares, with 29,718,429 held in Treasury. Of the 187,683,457 issued and outstanding shares, certain shares held by Carnival Investments Limited and Carnival Corporation do not have voting rights. Consequently, the total number of voting rights is 144,807,185. This figure is relevant for shareholders and others to calculate their notification obligations under the FCA’s Disclosure and Transparency Rules.
Carnival Corporation & plc reported record financial results for the fourth quarter and full year 2024, with revenues reaching an all-time high of $25 billion, driven by strong demand and pricing strategies. The company achieved significant growth in net income, operating income, and adjusted EBITDA, surpassing its previous guidance. With a robust booking position for 2025 and efforts to enhance cruise travel awareness, Carnival is set for continued growth, expecting a 20 percent increase in earnings in 2025 and reaching its 2026 SEA Change EBITDA target a year early. The company also made progress in sustainability, reducing greenhouse gas emissions and food waste, while continuing to finance its newbuild program at favorable rates.
Carnival Corporation & plc has announced a scheduled conference call with analysts to discuss its fourth quarter financial results on December 20, 2024. This announcement signals transparency and ongoing communication with stakeholders, potentially influencing market perceptions and investor confidence in the company’s financial health.
Carnival plc reports a significant total of 144,807,185 voting rights for its shareholders, as of November 30, 2024. This figure excludes shares held by Carnival Investments Limited and Carnival Corporation, which are non-voting. Investors should use this number to assess their required notifications under regulatory rules.