Carnival (CCL) Return on Capital Employed (2009 - 2026)

Carnival has reported Return on Capital Employed for 18 years, with the latest figure at 11.6% in Q1 2026.

• For the quarter ending Q1 2026, Return on Capital Employed rose 127.0% year-over-year to 11.6%; the trailing twelve-month figure through Feb 2026 stood at 11.6% (up 127.0% YoY), and the FY2025 full-year result was 12.03%, up 249.0% from the prior year.
• Return on Capital Employed for Q1 2026 stood at 11.6%, down from 11.75% in the prior quarter.
• The five-year high for Return on Capital Employed was 11.75% in Q4 2025, with the low at 17.39% in Q2 2022.
• Historically, Return on Capital Employed has averaged 1.54% across 5 years, with a median of 6.49% in 2024.
• Annual changes were most pronounced in 2022 — Return on Capital Employed plunged 238 bps — and 2023, when it surged 1578 bps.
• Carnival's Return on Capital Employed 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 decreased by 1 bps to 11.6% in 2026.
• The last three Return on Capital Employed figures came in at 11.6% (Q1 2026), 11.75% (Q4 2025), and 10.89% (Q3 2025), per Business Quant data.