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Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.
1974
115K+
LTM Revenue $25.5B
LTM EBITDA $6.4B
$59.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Carnival Corp. has a last 12-month revenue (LTM) of $25.5B and a last 12-month EBITDA of $6.4B.
In the most recent fiscal year, Carnival Corp. achieved revenue of $25.0B and an EBITDA of $6.2B.
Carnival Corp. expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Carnival Corp. valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $25.5B | XXX | $25.0B | XXX | XXX | XXX |
| Gross Profit | $10.0B | XXX | $9.4B | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $6.4B | XXX | $6.2B | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBIT | $3.8B | XXX | $3.6B | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $2.2B | XXX | $1.9B | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $26.3B | XXX | XXX | XXX |
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As of May 30, 2025, Carnival Corp.'s stock price is $23.
Carnival Corp. has current market cap of $31.5B, and EV of $59.0B.
See Carnival Corp. trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $59.0B | $31.5B | XXX | XXX | XXX | XXX | $1.65 |
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Start Free TrialAs of May 30, 2025, Carnival Corp. has market cap of $31.5B and EV of $59.0B.
Carnival Corp.'s trades at 2.4x EV/Revenue multiple, and 9.4x EV/EBITDA.
Equity research analysts estimate Carnival Corp.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Carnival Corp. has a P/E ratio of 14.1x.
See valuation multiples for Carnival Corp. and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $31.5B | XXX | $31.5B | XXX | XXX | XXX |
| EV (current) | $59.0B | XXX | $59.0B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 9.2x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 15.6x | XXX | 16.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 14.1x | XXX | 16.0x | XXX | XXX | XXX |
| EV/FCF | 20.5x | XXX | 41.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCarnival Corp.'s last 12 month revenue growth is 4%
Carnival Corp.'s revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Carnival Corp.'s rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Carnival Corp.'s rule of X is 35% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Carnival Corp. and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 22% | XXX | XXX | XXX |
| Rule of 40 | 25% | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Kiriacoulis Mediterranean | XXX | XXX | XXX | XXX | XXX | XXX |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| Salamis Tours | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival plc | XXX | XXX | XXX | XXX | XXX | XXX |
| Lindblad Expeditions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Carnival Corp. acquired XXX companies to date.
Last acquisition by Carnival Corp. was XXXXXXXX, XXXXX XXXXX XXXXXX . Carnival Corp. acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Carnival Corp. founded? | Carnival Corp. was founded in 1974. |
| Where is Carnival Corp. headquartered? | Carnival Corp. is headquartered in United States of America. |
| How many employees does Carnival Corp. have? | As of today, Carnival Corp. has 115K+ employees. |
| Who is the CEO of Carnival Corp.? | Carnival Corp.'s CEO is Mr. Josh Weinstein. |
| Is Carnival Corp. publicy listed? | Yes, Carnival Corp. is a public company listed on NYS. |
| What is the stock symbol of Carnival Corp.? | Carnival Corp. trades under CCL ticker. |
| When did Carnival Corp. go public? | Carnival Corp. went public in 1987. |
| Who are competitors of Carnival Corp.? | Similar companies to Carnival Corp. include e.g. Kiriacoulis Mediterranean, EIH, Salamis Tours, Carnival plc. |
| What is the current market cap of Carnival Corp.? | Carnival Corp.'s current market cap is $31.5B |
| What is the current revenue of Carnival Corp.? | Carnival Corp.'s last 12 months revenue is $25.5B. |
| What is the current revenue growth of Carnival Corp.? | Carnival Corp. revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Carnival Corp.? | Current revenue multiple of Carnival Corp. is 2.3x. |
| Is Carnival Corp. profitable? | Yes, Carnival Corp. is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Carnival Corp.? | Carnival Corp.'s last 12 months EBITDA is $6.4B. |
| What is Carnival Corp.'s EBITDA margin? | Carnival Corp.'s last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Carnival Corp.? | Current EBITDA multiple of Carnival Corp. is 9.2x. |
| What is the current FCF of Carnival Corp.? | Carnival Corp.'s last 12 months FCF is $2.9B. |
| What is Carnival Corp.'s FCF margin? | Carnival Corp.'s last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Carnival Corp.? | Current FCF multiple of Carnival Corp. is 20.5x. |
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