# Carnival Corp Ltd. (CCL) · Edgar & Edgarette company card

> Carnival Corp (CCL) grew revenue 6.4% in FY2025 to $26.6 billion, operating margin 16.8% against a 18.9% median for water transportation, equity 23.8% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 815097 · fiscal year ended 2025-11-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/CCL) · [JSON](https://www.pops4.com/boards/company/CCL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $26.6B |
| Revenue growth, 1 year | 6.4% |
| Revenue growth per year | 93.3% |
| Operating margin | 16.8% (prior year 14.3%) |
| Net margin | 10.4% |
| Operating cash flow | $6.2B |
| Capital spending | $3.6B |
| Free cash flow | $2.6B |
| Cash | $1.9B |
| Long-term debt | $26.6B |
| Total assets | $51.7B |
| Total equity | $12.3B |
| Equity ÷ assets | 23.8% |
| Return on equity | 22.5% |
| Dividend per share | $1.95 |
| Dividend years rising | 4 |

## Readings, computed from those figures

- Altman Z: 0.09 (distress zone)
- Piotroski F: 8 of 9 (strong)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $26.6B (FY2025), total debt $26.6B. Experience: revenue up 6.4% on the year, up 93.3% a year over 4 years; operating margin 16.8%, up from 14.3%. Soundness: equity 23.8% of assets, return on equity 22.5%, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $23.6B and $38.6B next year (method v4.1: its own 3-year record of growth weighed at 40% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $19.0B to $47.0B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, water transportation): operating margin 16.8% against a 18.9% median; growth 6.4% against 1.8%.

Range logged 2026-09-26, receipt db10496f8758634b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-05-07 ([filing](https://www.sec.gov/Archives/edgar/data/815097/000110465926057200/0001104659-26-057200-index.htm))

## Recent filings

- 10-Q · filed 2026-09-29 · [filing](https://www.sec.gov/Archives/edgar/data/815097/000081509726000107/0000815097-26-000107-index.htm)
- 8-K · filed 2026-09-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/815097/000081509726000104/0000815097-26-000104-index.htm)
- 8-K · filed 2026-08-05 · 7.01 Regulation FD Disclosure · [filing](https://www.sec.gov/Archives/edgar/data/815097/000095014226002267/0000950142-26-002267-index.htm)
- 10-Q · filed 2026-06-26 · [filing](https://www.sec.gov/Archives/edgar/data/815097/000081509726000096/0000815097-26-000096-index.htm)
- 8-K · filed 2026-06-23 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/815097/000081509726000086/0000815097-26-000086-index.htm)
- 8-K · filed 2026-05-07 · 1.02 Termination of a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.01 Changes in Control of Registrant; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/815097/000110465926057200/0001104659-26-057200-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000815097.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=815097

## Cite

POPS4, Edgar & Edgarette: Carnival Corp Ltd. (CCL) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/CCL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.