Carnival Corporation (CCL)
Consumer Discretionary · cruise lines · NYSE
The world's largest cruise operator, Carnival provides diverse global vacation experiences through eight distinctive brands, currently focusing on deleveraging and maximizing yields.
What Carnival Corporation does
Carnival Corporation is the world's largest global cruise company, operating a diverse portfolio of cruise brands including AIDA, Carnival Cruise Line, Costa, Cunard, Holland America, Princess, and Seabourn. The company provides a range of vacation experiences from contemporary to luxury, offering global itineraries across its fleet of passenger ships. Carnival is currently undergoing a corporate unification to become a single entity listed solely on the NYSE, with operations headquartered in Bermuda.
Recent developments
In Q3 2026, the company reported record-breaking quarterly revenues and net yields, along with all-time high net income of $1.9 billion. Management is actively pursuing a corporate unification to list solely on the NYSE and move its legal incorporation to Bermuda, with final approval anticipated in 2026.
From Carnival Corporation's filing of 2026-09-29.
Themes: leisure travel, global tourism, hospitality, maritime transport
Fundamentals
- Price$26.13 as of 2026-10-08 close
- Market cap$35.1B as of 2026-09-22 (share count; price 2026-10-08)
- 1-year return-9.6% 2025-10-08 close $28.92 → 2026-10-08 close $26.13
- P/E11.92 as of 2026-10-08
- Net margin+10.4% FY2025, SEC XBRL
- ROE+22.5% FY2025, SEC XBRL
- Debt / equity1.92 as of 2026-09-03
- Revenue growth (YoY)+5.2% as of 2026-09-03
- Revenue CAGR (3y)+29.8% SEC XBRL
- Beta1.81 as of 2026-09-03
- Last reported earnings2026-09-29 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.7%; 6-year non-decreasing per-share dividend streak (SEC XBRL).
How CCL compares in its sector
- price-to-earnings ratiobottom 25% 258 covered Consumer Discretionary peers, as of 2026-10-08
- net profit margintop 25% 314 covered Consumer Discretionary peers, as of 2026-09-03
- operating margintop 25% 281 covered Consumer Discretionary peers, as of 2026-09-03
- return on equitytop 25% 293 covered Consumer Discretionary peers, as of 2026-09-03
- 3-year revenue CAGRtop 10% 326 covered Consumer Discretionary peers
- indicated dividend yieldmiddle range 169 covered Consumer Discretionary peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)top 10% 311 covered Consumer Discretionary peers, as of FY2025
Position among covered Consumer Discretionary companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
CCL is not currently in any published Top 10 list. Its scores are below.
Top 10 score
56.1 #404 of 1,379 scored · #25 of 155 in Consumer Discretionary
Profitability 72nd (return on equity 22.5%, operating margin 16.8%) and valuation 71st (price to earnings 11.9, price to book 2.5); weakest is financial health (33rd, debt to equity 1.9, free cash flow margin 9.8%).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which CCL reported a dividend payment is FY2020, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2020 ratio would not describe CCL today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2020) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How Carnival Corporation looks technically
Carnival Corporation (CCL) is trading 4.8% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 131 trading days ago — a "death cross", a bearish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 63, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 3 trading days ago. It is 23.2% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 4.8% below its 200-day average, the long-term trend line — a long-term downtrend | -4.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $25.17 | $25.17 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $27.44 | $27.44 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 14 calendar days ago — the swings before that are what the structure reading is measured on | 14 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 21.45. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 131 trading days ago — a "death cross", a bearish long-term signal | 131 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 34, with buyers in control | 33.8 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 63, neither overbought (above 70) nor oversold (below 30) | 62.9 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($21.45 to $26.71) — its "stochastic" reading is 89 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 89.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 13 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $34.03 | $34.03 |
|---|---|---|
| From the 52-week high | it is 23.2% below its 52-week high (its highest price of the past year) | -23.2% |
| Above the 52-week low | it is 21.8% above its 52-week low (its lowest price of the past year) | +21.8% |
| Below the 52-week high | it is 23.2% below its highest point of the past year | 23.2% |
| Since a 20-day breakout | it made a new 20-day high about 3 trading days ago | 3 sessions |
| Since a 55-day breakout | it made a new 55-day low about 11 trading days ago | 11 sessions |
| All-time high | its highest closing price on record is $72.70 (set on 2018-01-30) | $72.70 |
| Given back of the 52-week move | over the past year its closes ranged ($21.79 to $33.99), and it has recovered roughly a third of its fall from last year’s high — 36% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $29.33 to $29.72. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 35.6% |
| From the all-time high | it is 64.1% below its all-time high | -64.1% |
| Nearest price level | it is trading 1.3% above a support level at $25.78 — a price it turned at twice since 2025-11-04, most recently on 2026-06-11. Since 2024-10-08 it has 5 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -1.3% |
| All-time low | its lowest closing price on record is $6.11 (set on 2022-10-11) | $6.11 |
| Above the all-time low | it is 327.7% above its all-time low | +327.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 99% of the past ~6 months) | 99th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.8767 between its high and its low — about 3.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.8767 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $20.09 and $27.03 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $20.09 – $23.56 – $27.03 |
| Typical daily range (% of price) | its price moves about 3.4% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.4% |
| Stretch from the 200-day average | it is trading 1.5 daily ranges below its 200-day average price (4.8% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.5 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.95× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.3% since the prior reading | -0.3% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has improved toward "buy" since the prior reading | 0.03 toward buy |
Candlestick patterns
1
| Since a bearish engulfing | 3 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 3 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-10-08 2.1% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -2.1% |
|---|---|---|
| Open gap | it gapped 2.1% above the previous close 4 sessions ago and has not traded back through the level it left behind at 25.07 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.1% |
| Gap filled | a 2.1% gap down opened on 2026-10-08 has been "filled" today — price traded back through the level the gap left behind, and it closed again during the very session that opened it | today |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -1.69% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 11.6 percentage points (the stock gained 12.6% while the market gained 1.0%) | +11.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.9 percentage points (the stock gained 1.9% while the market gained 3.8%) | -1.9% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 16.8 percentage points (the stock gained 0.6% while the market gained 17.5%) | -16.8% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 24.6 percentage points (the stock lost 9.6% while the market gained 15.0%) | -24.6% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a fresh 20-day high, MACD momentum is positive, a strong uptrend, with buyers in control — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 5.7% of the share price. | 0.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 3% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $27.07 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -3.5% |
|---|
Price levels it has turned at before
CCL last closed at $26.13 on 2026-10-08. Since 2024-10-08 it has turned at 5 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $25.78 | Support | 1.3% below the last close | turned there twice · 2025-11-04 to 2026-06-11 |
| $25.24 | Support | 3.4% below the last close | turned there four times · 2024-12-09 to 2026-07-23 |
| $27.04 | Resistance | 3.5% above the last close | turned there four times · 2024-12-05 to 2026-06-23 |
| $24.67 | Support | 5.6% below the last close | turned there four times · 2024-12-18 to 2025-11-24 |
| $27.88 | Resistance | 6.7% above the last close | turned there six times · 2025-08-01 to 2026-05-07 |
| $28.59 | Resistance | 9.4% above the last close | turned there four times · 2025-01-31 to 2026-05-29 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $21.45.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 5 trading days, since 2026-10-02.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke out to a new 20-day high · in a strong, established uptrend (ADX) · lagging the market · At the top of its 14-day range (stochastic above 80) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.55 mean, 1=Strong Buy…5=Strong Sell) — 26 analysts
- Mean price target$33.93 range $28.70 – $43.00; median $33.50
Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CCL
- Consensus EPS estimate$1.35 next reporting period, as of 2026-10-07
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["geopolitical instability, war, and military actions impacting global travel demand","operational disruptions caused by pandemics, travel restrictions, and supply chain issues","exposure to fluctuations in fuel prices and currency exchange rates"]
What changed in the latest 10-Q
AI-assisted comparison of CCL's 10-Q filed 2026-09-29 against the prior one filed 2026-06-26.
Management's Discussion & Analysis (MD&A)
- Removed:
- The older filing (filed 2026-06-26) contains a full listing of risk factors under the Cautionary Note, including items on geopolitical uncertainty, ship incidents, adverse weather, sustainability-related targets, cybersecurity, debt service, fuel costs, labor, suppliers, foreign currency, port investments, overcapacity, shipbuilding programs, legal/regulatory changes, and greenhouse gas emissions.
- The older filing (filed 2026-06-26) contains the sentence: 'This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our business, results of operations and financial position.'
- The older filing (filed 2026-06-26) contains the paragraph: 'The ordering of the risk factors set forth above is not intended to reflect our indication of priority or likelihood. There may be additional risks that we consider immaterial or which are unknown. Additional information about the factors that may affect future results is contained in our most recent Annual Report on Form 10-K as well as our other filings with the SEC, all of which are available on the SEC's website at www.sec.gov .'
- The older filing (filed 2026-06-26) contains a 'Table of Contents' marker and the paragraph beginning 'Forward-looking statements should not be relied upon as a prediction of actual results...'
- The older filing (filed 2026-06-26) contains the paragraph: 'Forward-looking and other statements in this document may also address our sustainability progress, plans, and goals (including emissions and environmental-related matters). In addition, historical, current, and forward-looking sustainability-related statements may be based on standards and tools for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions and predictions that are subject to change in the future and may not be generally shared.'
- The older filing (filed 2026-06-26) contains the sections 'New Accounting Pronouncements' and 'Critical Accounting Estimates' with their associated text.
- Reworded:
- The newer filing (filed 2026-09-29) ends the Cautionary Note after the phrase 'Examples of these factors include, but are not limited to, those discussed in "', while the older filing (filed 2026-06-26) continues with the full sentence and subsequent risk factor content.
- Notes:
- The newer filing text appears truncated at the phrase 'Examples of these factors include, but are not limited to, those discussed in "' and does not include the full section content, which limits a complete comparison of all potential changes.
- Only the provided source texts were compared; the newer text is substantially shorter than the older text, and missing content in the newer text cannot be confirmed as removed versus simply not extracted in the source.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 2 sells ($1M) — 2 selling insiders
Most recent open-market transaction: 2026-05-28. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CCL's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 6 matched disclosures for CCL from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Short interest (FINRA)
CCL had 48,180,142 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
CCL had 3.58% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.45 days to cover at the same settlement.
- Reported short interest (shares) 48,180,142
- Short interest (% of shares outstanding) 3.58%
- Prior settlement (shares) 42,957,773
- Reported change 12.16%
- Days to cover (reported) 2.45
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Royal Caribbean Group (RCL)
- Norwegian Cruise Line Holdings (NCLH)
- Disney Cruise Line (DIS)
- MSC Cruises
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare CCL vs…
Carnival Corporation is found in…
Frequently asked questions
What does Carnival Corporation (CCL) do?
Carnival Corporation is the world's largest global cruise company, operating a diverse portfolio of cruise brands including AIDA, Carnival Cruise Line, Costa, Cunard, Holland America, Princess, and Seabourn. The company provides a range of vacation experiences from contemporary to luxury, offering global itineraries across its fleet of passenger ships.
What sector is Carnival Corporation (CCL) in?
Carnival Corporation (CCL) is classified in the Consumer Discretionary sector. Its industry is cruise lines. It trades on NYSE.
Does CCL pay a dividend?
Yes — Carnival Corporation (CCL) pays a dividend, with an indicated yield of about 2.75% and 6-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are Carnival Corporation's (CCL) competitors?
Notable peers of Carnival Corporation (CCL) include Royal Caribbean Group, Norwegian Cruise Line Holdings, Disney Cruise Line and MSC Cruises. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in CCL?
Yes — we hold 6 matched STOCK Act disclosures for CCL from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Carnival Corporation (CCL) overbought or oversold right now?
Carnival Corporation (CCL) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 63, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CCL come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.