Carnival (CCL) Stock Analysis

November 11, 2026

This is a peer-relative look at Carnival (CCL): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Consumer Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Carnival (CCL)
Profile Item	CCL
Name	Carnival Corporation Ltd.
Country/Region	United States
GICS Sector	Consumer Discretionary
GICS Industry Group	Consumer Services
GICS Industry	Hotels, Restaurants & Leisure
GICS Sub-Industry	Hotels, Resorts & Cruise Lines
Market Capitalization	39.77 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 24, 1987
Security Type	Common Stock

Price Performance

Cumulative Growth

CCL

GSPC

Carnival (CCL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Carnival (CCL) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Carnival (CCL) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
Total Return (1Y)	17.32%	2.96%
Total Return (3Y, Annualized)	36.57%	9.94%
Total Return (5Y, Annualized)	5.35%	1.66%

Risk Profile

Drawdown History

CCL

GSPC

Carnival (CCL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Carnival (CCL) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
Volatility (1Y, Annualized)	49.89%	42.89%
Beta (5Y)	2.42	1.05
Max Drawdown (5Y)	-73.60%	-59.81%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CCL is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
Sharpe Ratio (1Y)	0.26	-0.04
Sortino Ratio (1Y)	0.43	-0.08

Profitability

ROE (TTM)

Carnival (CCL) posts ROE of 24.00%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

CCL

Consumer Services industry group

24.00%

Group distribution

Max: 76.75%
Q3: 34.07%
CCL: 24.00%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

Largest peers

RCL: 41.29%
ABNB: 35.79%
CCL: 24.00%
MCD: --
SBUX: --
BKNG: --
MAR: --

Where Carnival (CCL) stands on ROE within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Carnival (CCL) keeps 11.37% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CCL

Consumer Services industry group

11.37%

Group distribution

Max: 25.52%
Q3: 12.95%
CCL: 11.37%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

Largest peers

MAR: 35.00%
MCD: 32.38%
BKNG: 25.52%
RCL: 23.79%
ABNB: 23.02%
CCL: 11.37%
SBUX: 6.67%

Where Carnival (CCL) stands on net margin within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Carnival (CCL) turns 26.43% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

CCL

Consumer Services industry group

26.43%

Group distribution

Max: 49.05%
CCL: 26.43%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

Largest peers

MAR: 66.18%
MCD: 48.29%
ABNB: 41.51%
BKNG: 38.69%
RCL: 33.61%
CCL: 26.43%
SBUX: 12.76%

Where Carnival (CCL) stands on operating margin within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
ROE (TTM)	24.00%	15.90%
ROA (TTM)	5.40%	5.29%
Net Margin (TTM)	11.37%	6.63%
Operating Margin (TTM)	26.43%	14.23%
Gross Margin (TTM)	55.38%	44.51%

Growth

Revenue Growth

Carnival (CCL) grew revenue 6.39%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Carnival (CCL): Revenue Growth across different time periods, set against Consumer Services industry-group medians.

EPS Growth

Carnival (CCL) grew earnings per share 40.28%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Carnival (CCL): EPS Growth across different time periods, set against Consumer Services industry-group medians.

Growth Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
Revenue Growth (YoY)	6.39%	6.55%
Revenue Growth (3Y CAGR)	29.81%	10.51%
EPS Growth (YoY)	40.28%	10.50%
EPS Growth (3Y CAGR)	--	14.33%

Financial Strength

Current Ratio (MRQ)

Carnival (CCL) has current ratio of 0.27, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

CCL

Consumer Services industry group

0.27

Group distribution

Max: 3.41
Q3: 1.85
Median: 1.06
Q1: 0.72
CCL: 0.27
Min: 0.22

Largest peers

ABNB: 1.73
BKNG: 1.12
SBUX: 0.76
MAR: 0.53
CCL: 0.27
RCL: 0.22
MCD: --

Where Carnival (CCL) stands on current ratio within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Carnival (CCL) has debt-to-equity ratio of 1.77, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

CCL

Consumer Services industry group

1.77

Group distribution

Max: 6.12
Q3: 2.93
CCL: 1.77
Median: 1.29
Q1: 0.37
Min: 0.01

Largest peers

RCL: 1.94
CCL: 1.77
ABNB: 0.27
MCD: --
SBUX: --
BKNG: --
MAR: --

Where Carnival (CCL) stands on debt-to-equity ratio within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
Current Ratio (MRQ)	0.27	1.06
Debt / Equity (MRQ)	1.77	1.29
Net Debt / EBITDA	3.28	3.12

Dividends

Dividend Yield (TTM)

Carnival (CCL) has dividend yield of 1.53%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

CCL

Consumer Services industry group

1.53%

Group distribution

Max: 4.10%
Q3: 1.82%
CCL: 1.53%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MCD: 2.68%
SBUX: 2.35%
RCL: 1.70%
CCL: 1.53%
BKNG: 0.98%
MAR: 0.67%
ABNB: 0.00%

Where Carnival (CCL) stands on dividend yield within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Carnival (CCL) has payout ratio of 19.82%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

CCL

Consumer Services industry group

19.82%

Group distribution

Max: 89.80%
Q3: 36.83%
CCL: 19.82%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SBUX: 142.77%
MCD: 58.86%
RCL: 32.54%
MAR: 27.92%
CCL: 19.82%
BKNG: 17.84%
ABNB: 0.00%

Where Carnival (CCL) stands on payout ratio within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
Dividend Yield (TTM)	1.53%	0.00%
Dividend Payout Ratio (TTM)	19.82%	0.00%

Valuation

P/E Ratio (TTM)

Carnival (CCL) trades at P/E ratio of 13.03, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

CCL

Consumer Services industry group

13.03

Group distribution

Max: 71.70
Q3: 37.12
Median: 21.88
CCL: 13.03
Q1: 13.00
Min: 5.72

Largest peers

SBUX: 47.70
MAR: 41.52
ABNB: 35.65
MCD: 21.88
RCL: 19.36
BKNG: 17.43
CCL: 13.03

Where Carnival (CCL) stands on P/E ratio within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Carnival (CCL) trades at 1.44 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

CCL

Consumer Services industry group

1.44

Group distribution

Max: 6.40
Q3: 3.01
Median: 1.54
CCL: 1.44
Q1: 0.74
Min: 0.08

Largest peers

MAR: 14.15
ABNB: 8.14
MCD: 7.02
RCL: 4.57
BKNG: 4.25
SBUX: 3.17
CCL: 1.44

Where Carnival (CCL) stands on P/S ratio within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Carnival (CCL) trades at 2.82 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

CCL

Consumer Services industry group

2.82

Group distribution

Max: 12.02
Q3: 5.58
CCL: 2.82
Median: 2.37
Q1: 1.09
Min: -4.51

Largest peers

ABNB: 12.02
RCL: 7.47
CCL: 2.82
BKNG: -11.52
SBUX: -15.67
MAR: -21.17
MCD: -191.23

Where Carnival (CCL) stands on P/B ratio within its Consumer Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Carnival (CCL) metric values compared with Consumer Services industry-group medians
Metric	Current stock: CCL	Industry group median
P/E Ratio (TTM)	13.03	21.88
P/S Ratio (TTM)	1.44	1.54
P/B Ratio (MRQ)	2.82	2.37
Free Cash Flow Yield (TTM)	4.54%	4.54%