Carnival (CCL) FCF Margin (2009 - 2026)
Carnival (CCL) reported FCF Margin of 11.31% for Q1 2026, up 583.0% on a YoY basis from 1.66% in Q1 2025, and up 5863.79% quarter-over-quarter from 0.19% in Q4 2025.
Carnival (CCL) FCF Margin (2009 - 2026) Analysis & Trends
Carnival has reported FCF Margin for 18 years, with the latest figure at 11.31% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 583.0% year-over-year to 11.31%; the trailing twelve-month figure through Feb 2026 stood at 11.07% (up 326.0% YoY), and the FY2025 full-year result was 9.79%, up 461.0% from the prior year.
- FCF Margin for Q1 2026 stood at 11.31%, up from 0.19% in the prior quarter.
- The five-year high for FCF Margin was 24.35% in Q2 2025, with the low at 242.88% in Q1 2022.
- Historically, FCF Margin has averaged 13.86% across 5 years, with a median of 5.37% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin surged 1236096 bps — and 2024, when it slumped 659 bps.
- Carnival's FCF Margin stood at 33.81% in 2022, then jumped by 114 bps to 4.58% in 2023, then advanced by 17 bps to 5.37% in 2024, then slumped by 96 bps to 0.19% in 2025, then soared by 5864 bps to 11.31% in 2026.
- The last three FCF Margin figures came in at 11.31% (Q1 2026), 0.19% (Q4 2025), and 9.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 37.94% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.31% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 109.37% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -26.82% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 1.98% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 18.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 11.31% |
| Nov 30, 2025 | 0.19% |
| Aug 31, 2025 | 9.03% |
| May 31, 2025 | 24.35% |
| Feb 28, 2025 | 5.47% |
| Nov 30, 2024 | 5.37% |
| Aug 31, 2024 | 7.95% |
| May 31, 2024 | 12.45% |
| Feb 29, 2024 | -6.84% |
| Nov 30, 2023 | 4.58% |
| Aug 31, 2023 | 14.55% |
| May 31, 2023 | 8.96% |
| Feb 28, 2023 | -15.50% |
| Nov 30, 2022 | -33.81% |
| Aug 31, 2022 | -20.49% |
| May 31, 2022 | -20.32% |
| Feb 28, 2022 | -242.88% |
| Nov 30, 2021 | -66.43% |
| Aug 31, 2021 | -337.36% |
| May 31, 2021 | -3,484.00% |