Carnival Corporation &

CCL

Leisure · Consumer Cyclical

Price

$26.41

-0.45 (-1.68%)

Market Cap

$36.17B

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+24.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.12B (2021) → 1.40B (2025)

Carnival Corporation is the world's largest cruise company. It owns nine cruise line brands, including Carnival Cruise Line, Princess Cruises, Holland America, and Costa Cruises. These ships carry millions of vacationing passengers each year across the Caribbean, Europe, Alaska, and beyond.

Carnival makes money by selling cruise tickets and then earning additional revenue onboard through dining, drinks, casinos, and shore excursions. The company operates globally, with ships sailing on nearly every major ocean, and its sheer size gives it a cost advantage over smaller rivals when buying ships and fuel. The biggest risk the business faces is its heavy debt load, built up during the COVID-19 pandemic when ships sat idle for months, which limits financial flexibility if demand were to slow or interest rates stay elevated.

Winston Score History

Politician Trades

19 trades / 12mo

11 Congressional buys and 8 sells on CCL in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+418.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

$1.4B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Carnival Corporation & is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

36.1%

Modest — 36.1% gross margin

Operating Margin

9.8%

Modest — 9.8% operating margin

ROCE

1.6%

Weak — 1.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+6.1%

Slow sales growth (6.1% YoY)

EPS YoY

+51.3%

Earnings growing fast (51.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

212%

Turns 212% of profit into real cash

FCF Margin

11.1%

Modest free cash flow (11.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

1.95

Elevated debt (1.95)

Interest Cover

3.66x

Tight — interest eats into profit (3.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

11.2x

Attractive valuation — P/E 11.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial