Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.Nemo Money has over 1 million (1M+) downloads with a high rating of 4.6 stars from thousands of reviews. Join Nemo and trade with 0% commission.
CarnivalCarnival

Carnival vs Carnival

Carnival Corporation vs Carnival plc: this page compares their business models, financial performance, and market context in a neutral, accessible way. It explains how each business operates, the mark...

Why It's Moving

Carnival

Carnival (CCL) Snags Zacks Buy Upgrade as Earnings Outlook Sparks Fresh Momentum

  • Zacks upgraded CCL to Buy on January 21, citing a 6% rise in consensus estimates over three months for fiscal 2026 earnings of $2.52 per share.
  • Analysts project strong upside with an average price target of $38, reflecting confidence in debt reduction and record 2025 net income over $3 billion.
  • Stock trades undervalued at roughly 11x forward earnings, positioning CCL for potential re-rating as balance sheet strengthens post-peak debt slash of $10 billion.
Sentiment:
🐃Bullish
Carnival

Carnival Powers Ahead with Record 2025 Results and Dividend Comeback

  • Adjusted net income hit $3.1B on record $26.6B revenues and $7.2B EBITDA, showcasing robust post-pandemic demand recovery.
  • Debt metrics strengthened to 3.4x net debt/EBITDA with $10B reduction since peak, plus Fitch investment-grade nod and $19B refinancing success.
  • Quarterly $0.15/share dividend reinstated (record Feb 13) and dual-listed structure unification proposed, streamlining for future growth.
Sentiment:
🐃Bullish

Investment Analysis

Pros

  • Carnival Corporation holds the largest market share in the global cruise industry, giving it significant scale advantages.
  • The company operates a diverse portfolio of cruise brands, allowing it to target multiple customer segments and geographies.
  • Recent financial performance shows strong recovery, with positive net income and improving operating margins post-pandemic.

Considerations

  • Carnival Corporation carries a high level of debt, which could constrain flexibility during periods of economic stress.
  • The cruise sector remains vulnerable to external shocks such as pandemics, geopolitical events, and regulatory changes.
  • Operating costs are substantial due to the size and complexity of the fleet, impacting profitability during downturns.

Pros

  • Carnival plc benefits from the same global scale and brand diversity as its US counterpart, supporting international revenue streams.
  • The company has a strong presence in Europe, a key market for cruise travel, enhancing its competitive position.
  • Recent financial results indicate a return to profitability and improved cash flow generation after pandemic-related disruptions.

Considerations

  • Carnival plc faces similar high debt levels, which could limit investment options and increase financial risk.
  • Exposure to fluctuating exchange rates and European economic conditions adds volatility to earnings.
  • The business is highly sensitive to fuel prices and environmental regulations, which may affect future margins.

Related Market Insights

The Experience Economy: Why Memories Are the New Luxury

Explore the Experience Economy Neme. Invest in companies like Live Nation, Royal Caribbean, & Booking Holdings as consumers prioritize memories over goods. Start investing with Nemo.

Author avatar

Aimee Silverwood | Financial Analyst

July 25, 2025

Read Insight

Carnival (CCL) Next Earnings Date

Carnival Corporation (CCL) next earnings date is estimated for March 20, 2026, based on historical reporting patterns. This release will cover the Q1 fiscal 2026 quarter ending February 2026. The date remains unconfirmed by the company, with estimates ranging from March 19 to March 27 across analyst sources.

Carnival (CUK) Next Earnings Date

Carnival plc (CUK) is scheduled to report its next earnings on March 19, 2026, before market open. This release will cover the fiscal quarter ending February 2026. Consensus EPS estimates stand at $0.17 for this period, aligning with the company's typical mid-March pattern for Q1 results.

Which Baskets Do They Appear In?

Ephemeral Experiences

Ephemeral Experiences

Invest in companies creating lasting memories through fleeting moments. These carefully selected stocks represent leaders in the experience economy, from sold-out concerts to dream vacations. As consumers increasingly value doing over owning, these companies are positioned to capture this powerful spending shift.

Published: June 17, 2025

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