Carnival Corporation & plc

NYSE:CCL Stock Report

Market Cap: US$36.9b

Carnival Corporation & Future Growth

Future criteria checks 2/6

Carnival & is forecast to grow earnings and revenue by 13.2% and 4% per annum respectively. EPS is expected to grow by 13% per annum. Return on equity is forecast to be 23.2% in 3 years.

Key information

13.2%

Earnings growth rate

13.04%

EPS growth rate

Hospitality earnings growth21.4%
Revenue growth rate4.0%
Future return on equity23.20%
Analyst coverage

Good

Last updated07 Oct 2025

Recent future growth updates

The Carnival Corporation & plc (NYSE:CCL) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Oct 02
The Carnival Corporation & plc (NYSE:CCL) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Recent updates

Carnival: A Re-Rating Is On The Horizon As Dividend Reinstatement Inches Closer

Oct 06

The Carnival Corporation & plc (NYSE:CCL) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Oct 02
The Carnival Corporation & plc (NYSE:CCL) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?

Aug 17
Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?

Estimating The Fair Value Of Carnival Corporation & plc (NYSE:CCL)

Jul 25
Estimating The Fair Value Of Carnival Corporation & plc (NYSE:CCL)

Further Upside For Carnival Corporation & plc (NYSE:CCL) Shares Could Introduce Price Risks After 28% Bounce

Jul 13
Further Upside For Carnival Corporation & plc (NYSE:CCL) Shares Could Introduce Price Risks After 28% Bounce

Carnival Corporation & plc (NYSE:CCL) Soars 27% But It's A Story Of Risk Vs Reward

May 28
Carnival Corporation & plc (NYSE:CCL) Soars 27% But It's A Story Of Risk Vs Reward

With EPS Growth And More, Carnival Corporation & (NYSE:CCL) Makes An Interesting Case

May 24
With EPS Growth And More, Carnival Corporation & (NYSE:CCL) Makes An Interesting Case

Carnival Corporation & (NYSE:CCL) Has A Somewhat Strained Balance Sheet

Apr 30
Carnival Corporation & (NYSE:CCL) Has A Somewhat Strained Balance Sheet

Carnival Corporation: More Than A Recovery Story

Apr 28

Carnival's Selloff Triggers Near Doubling Upside Potential - Reiterate Buy

Apr 20

Carnival Corporation &'s (NYSE:CCL) Earnings Are Of Questionable Quality

Apr 04
Carnival Corporation &'s (NYSE:CCL) Earnings Are Of Questionable Quality

Carnival: Likely Cruising To Investment Grade Ahead Of Schedule

Mar 20

Carnival Corporation & plc (NYSE:CCL) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough

Mar 11
Carnival Corporation & plc (NYSE:CCL) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough

Is There An Opportunity With Carnival Corporation & plc's (NYSE:CCL) 31% Undervaluation?

Feb 28
Is There An Opportunity With Carnival Corporation & plc's (NYSE:CCL) 31% Undervaluation?

Carnival Corp: Shaping Up Value, Shipping Out Debt

Feb 24

Carnival Corporation & (NYSE:CCL) Hasn't Managed To Accelerate Its Returns

Feb 13
Carnival Corporation & (NYSE:CCL) Hasn't Managed To Accelerate Its Returns

Carnival: Investigating The Unit Economics

Feb 11

Carnival: Continued FCF Generation Will Support Future Upside

Jan 21

Carnival Corporation & plc's (NYSE:CCL) Business Is Trailing The Industry But Its Shares Aren't

Jan 21
Carnival Corporation & plc's (NYSE:CCL) Business Is Trailing The Industry But Its Shares Aren't

Carnival Set To Cruise Higher In 2025

Jan 07

Here's Why Carnival Corporation & (NYSE:CCL) Has A Meaningful Debt Burden

Jan 06
Here's Why Carnival Corporation & (NYSE:CCL) Has A Meaningful Debt Burden

Carnival: Riding The Wave Into Earnings, What The Option Market Says

Dec 16

Carnival Cruise Lines: Knockout Q3 2024 Results May Auger A Rocket Ride Beyond Bullish Analyst PTs

Nov 14

Carnival Cruise Lines: Interest Payments Will Continue To Pressure Bottom Line

Nov 08

Slowing Rates Of Return At Carnival Corporation & (NYSE:CCL) Leave Little Room For Excitement

Oct 28
Slowing Rates Of Return At Carnival Corporation & (NYSE:CCL) Leave Little Room For Excitement
User avatar

Calculated Initiatives And Record Bookings Set Sail For Soaring Profits And Revenue Growth

Carnival's strategic investments and focus on efficiency are expected to improve net margins and operational management.

Carnival: Rallying Confidently Above The Pessimism

Oct 02

Carnival Corporation: Earnings Jump Seen In Q3 2024, But It's Priced In

Sep 25

Carnival Corporation: Fed's Rate Cuts Ease Its Debt Load

Sep 17

Carnival Corporation: Sailing Out Of Trouble

Sep 01

Carnival Is Making A Comeback Against All Odds

Aug 17

Why I Believe Carnival Can Potentially Appreciate By More Than 60%

Jul 15

Carnival Corporation: Significantly Overvalued

Jun 27

Carnival Corp. Q2 Preview: Assessing Debt Impacts On Growth Outlook

Jun 18

Carnival: Fears Have Likely Peaked, Time To Turn Bullish (Rating Upgrade)

Jun 03

Carnival: Set To Cruise Back Up (Rating Upgrade)

May 13

Carnival: Strong Start To 2024

Apr 01

Carnival: Strong Profitability Expected In 2024

Mar 17

Earnings and Revenue Growth Forecasts

NYSE:CCL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
11/30/202728,8663,8054,0747,18817
11/30/202627,7993,3624,0496,64924
11/30/202526,6472,6893,4276,20024
8/31/202526,2302,6412,9145,611N/A
5/31/202525,9722,5252,8065,433N/A
2/28/202525,4242,0521,9855,080N/A
11/30/202425,0211,9161,2975,923N/A
8/31/202424,4791,5651,2255,934N/A
5/31/202423,4379031,5946,563N/A
2/29/202422,5674051,3145,661N/A
11/30/202321,593-749974,281N/A
8/31/202320,036-1,624-5483,242N/A
5/31/202317,488-3,467-2,4271,064N/A
2/28/202314,979-4,895-3,355-70N/A
11/30/202212,169-6,093-6,610-1,670N/A
8/31/20229,617-7,115-6,167-1,921N/A
5/31/20225,857-9,182-7,127-2,456N/A
2/28/20223,505-9,419-8,381-3,818N/A
11/30/20211,908-9,501-7,716-4,109N/A
8/31/2021655-9,103-10,234-5,393N/A
5/31/2021141-9,126-11,468-7,359N/A
2/28/2021832-11,428-12,788-8,720N/A
11/30/20205,594-10,236-9,921-6,301N/A
8/31/202010,342-7,591-7,468-3,588N/A
5/31/202016,843-2,952-3,574502N/A
2/29/202020,9411,8736495,275N/A
11/30/201920,8252,990465,475N/A
8/31/201920,5003,0601,1145,527N/A
5/31/201919,8032,988N/A5,631N/A
2/28/201919,3223,097N/A5,601N/A
11/30/201818,8813,152N/A5,549N/A
8/31/201818,6843,205N/A5,460N/A
5/31/201818,3632,827N/A5,560N/A
2/28/201817,9512,645N/A5,454N/A
11/30/201717,5102,606N/A5,322N/A
8/31/201717,1862,668N/A5,322N/A
5/31/201716,7682,762N/A5,302N/A
2/28/201716,5292,989N/A5,268N/A
11/30/201616,3892,779N/A5,134N/A
8/31/201616,1652,441N/A5,088N/A
5/31/201615,9512,233N/A4,940N/A
2/29/201615,8341,850N/A4,572N/A
11/30/201515,7141,757N/A4,545N/A
8/31/201515,7221,384N/A4,204N/A
5/31/201515,7861,409N/A4,043N/A
2/28/201515,8301,285N/A3,724N/A
11/30/201415,8841,216N/A3,430N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCL's forecast earnings growth (13.2% per year) is above the savings rate (3.1%).

Earnings vs Market: CCL's earnings (13.2% per year) are forecast to grow slower than the US market (15.5% per year).

High Growth Earnings: CCL's earnings are forecast to grow, but not significantly.

Revenue vs Market: CCL's revenue (4% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: CCL's revenue (4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CCL's Return on Equity is forecast to be high in 3 years time (23.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/10 22:08
End of Day Share Price 2025/10/10 00:00
Earnings2025/08/31
Annual Earnings2024/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Carnival Corporation & plc is covered by 54 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Brandt MontourBarclays
Felicia Kantor HendrixBarclays