Carnival (CCL) Return on Capital Employed (2009 - 2026)
Carnival's (CCL) quarterly Return on Capital Employed came in at 11.61% in Q2 2026, up 19.0% YoY from 9.75% in Q2 2025, and little changed on a QoQ basis from 11.6% in Q1 2026.
Carnival (CCL) Return on Capital Employed (2009 - 2026) Analysis & Trends
Carnival (CCL) has 18 years of Return on Capital Employed data on file, last reported at 11.61% in Q2 2026.
- Quarterly Return on Capital Employed rose 19.0% year-over-year to 11.61% in Q2 2026, while the trailing twelve-month figure through May 2026 was 11.61% (up 19.0% YoY) and the FY2025 annual result came in at 12.03%, up 249.0% from the prior year.
- Return on Capital Employed was little changed at 11.61% in Q2 2026, from 11.6% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 11.75% in Q4 2025 to a low of 17.39% in Q2 2022.
- A 5-year average of 2.1% and a median of 7.16% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed plunged 238 bps — and 2023, when it surged 1578 bps.
- Tracing CCL's Return on Capital Employed over 5 years: stood at 10.62% in 2022, then soared by 149 bps to 5.15% in 2023, then jumped by 83 bps to 9.45% in 2024, then rose by 24 bps to 11.75% in 2025, then dropped by 1 bps to 11.61% in 2026.
- The last three Return on Capital Employed figures came in at 11.61% (Q2 2026), 11.6% (Q1 2026), and 11.75% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 121.68% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 28.23% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 16.12% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 24.37% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 11.61% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 33.85% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 8.69% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.72% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 11.21% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 11.61% |
| Feb 28, 2026 | 11.60% |
| Nov 30, 2025 | 11.75% |
| Aug 31, 2025 | 10.89% |
| May 31, 2025 | 11.42% |
| Feb 28, 2025 | 10.32% |
| Nov 30, 2024 | 9.45% |
| Aug 31, 2024 | 9.08% |
| May 31, 2024 | 7.84% |
| Feb 29, 2024 | 6.49% |
| Nov 30, 2023 | 5.15% |
| Aug 31, 2023 | 1.10% |
| May 31, 2023 | -3.66% |
| Feb 28, 2023 | -7.51% |
| Nov 30, 2022 | -10.62% |
| Aug 31, 2022 | -13.00% |
| May 31, 2022 | -17.39% |
| Feb 28, 2022 | -16.65% |
| Nov 30, 2021 | -16.48% |
| Aug 31, 2021 | -15.27% |