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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 $25.4B
LTM EBITDA $6.3B
$51.7B
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 of $25.4B and a last 12-month EBITDA of $6.3B.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $21.6B | $25.0B | XXX | XXX | XXX |
| Gross Profit | $412M | $7.3B | XXX | XXX | XXX |
| Gross Margin | 2% | 29% | XXX | XXX | XXX |
| EBITDA | $4.4B | $6.2B | XXX | XXX | XXX |
| EBITDA Margin | 20% | 25% | XXX | XXX | XXX |
| Net Profit | -$6.1B | -$74.0M | XXX | XXX | XXX |
| Net Margin | -28% | 0% | XXX | XXX | XXX |
| Net Debt | $30.5B | $28.2B | XXX | XXX | XXX |
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As of April 15, 2025, Carnival Corp.'s stock price is $18.
Carnival Corp. has current market cap of $24.1B, and EV of $51.7B.
See Carnival Corp. trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $51.7B | $24.1B | XXX | XXX | XXX | XXX | $1.58 |
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Sign UpAs of April 15, 2025, Carnival Corp. has market cap of $24.1B and EV of $51.7B.
Carnival Corp.'s trades at 2.0x LTM EV/Revenue multiple, and 8.1x LTM EBITDA.
Analysts estimate Carnival Corp.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Carnival Corp. and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $51.7B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | XXX | XXX |
| P/E/Growth | 0.5x | XXX | XXX | XXX |
| EV/FCF | 36.5x | 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.
Sign UpCarnival Corp.'s NTM/LTM revenue growth is 4%
Carnival Corp.'s revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Carnival Corp.'s ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Carnival Corp.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Carnival Corp. and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 42% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 29% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 23% | XXX | 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 | |
| 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 |
| Norwegian Cruise Line | 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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Sign Up| 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. EIH, Salamis Tours, Carnival plc, Lindblad Expeditions. |
| What is the current market cap of Carnival Corp.? | Carnival Corp.'s current market cap is $24.1B |
| What is the current revenue of Carnival Corp.? | Carnival Corp.'s last 12-month revenue is $25.4B. |
| What is the current EBITDA of Carnival Corp.? | Carnival Corp.'s last 12-month EBITDA is $6.3B. |
| What is the current EV/Revenue multiple of Carnival Corp.? | Current revenue multiple of Carnival Corp. is 2.0x. |
| What is the current EV/EBITDA multiple of Carnival Corp.? | Current EBITDA multiple of Carnival Corp. is 8.1x. |
| What is the current revenue growth of Carnival Corp.? | Carnival Corp. revenue growth between 2023 and 2024 was 16%. |
| Is Carnival Corp. profitable? | Yes, Carnival Corp. is EBITDA-positive (as of the last 12 months). |
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