Carnival

Carnival ROCE

The Return on Capital Employed (ROCE) of Carnival (CCL) as of Nov 15, 2026 is 36.50 %. In the previous year, Return on Capital Employed (ROCE) was 38.63 % — a change of -5.53% (lower).

ROCE

36.50 %

YoY

-5.53%

Last updated:

In 2025, Carnival's return on capital employed (ROCE) was 36.50 %, a -5.53% increase from the 38.63 % ROCE in the previous year.

The Carnival ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2018
13.60 USD
Jan 1, 2019
12.92 USD
Jan 1, 2020
-43.13 USD
Jan 1, 2021
-58.37 USD
Jan 1, 2022
-61.99 USD
Jan 1, 2023
28.42 USD
Jan 1, 2024
38.63 USD
Jan 1, 2025
36.50 USD
The Carnival ROCE history
YEARROCEYoY
36.50 %-5.53%
38.63 %+35.93%
28.42 %-145.85%
-61.99 %+6.20%
-58.37 %+35.34%
-43.13 %-433.93%
12.92 %-5.06%
13.60 %+17.27%
11.60 %-14.65%
13.59 %+25.51%
10.83 %+48.42%
7.30 %—

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Carnival Stock analysis

What does Carnival do? Carnival Corp is a leading company in the cruise industry and was founded in 1972. The company is headquartered in Miami, Florida and operates worldwide. Carnival Corp offers a wide range of cruise brands targeting different demographics. For example, there are brands that specialize in family cruises, as well as those that focus on luxury cruises. The business model of Carnival Corp is based on the idea of providing passengers with an unforgettable travel experience. To accomplish this, the ships offer a variety of activities and amenities, including restaurants, bars, fitness centers, pools, theaters, and shopping opportunities. Through the combination of top-notch facilities and amenities, passengers can enjoy their journey and relax. Carnival Corp operates a wide range of brands and divisions to meet the different needs and interests of its customers. One of the most well-known brands is Carnival Cruise Line, whose ships are mainly deployed in the Caribbean. Here, families with children can find a wide range of leisure activities and entertainment. AIDA Cruises is also part of Carnival Corp. This brand is particularly well-known in the German-speaking region and offers a comprehensive program of activities and entertainment on board. Another important division of Carnival Corp is luxury cruising. This includes the brand Seabourn, which operates ships with a maximum of 600 passengers. The focus here is on exclusive travel experiences, often visiting exotic destinations in the Mediterranean or Asia. Cunard is also part of the luxury division of Carnival Corp and is especially known for the legendary Queen Mary 2. The ship is considered the epitome of classic England and offers its passengers a unique atmosphere. However, cruises are not the only product offered by Carnival Corp. The company also operates ports and terminals worldwide. This allows for streamlining and optimizing the embarkation and disembarkation process, leading to a smooth operation. Carnival Corp can also organize excursions and land activities to provide passengers with a comprehensive travel experience. In recent years, Carnival Corp has faced some challenges. In the past, there have been negative headlines due to issues on the ships, cruise cancellations due to political unrest or natural disasters, and perceived neglect of safety standards. However, in recent years, the company has increased its investment in improving safety standards and relies on a modern fleet to impress its customers. In summary, Carnival Corp is a leading company in the cruise industry with a wide range of brands and divisions. The company aims to provide its passengers with an unforgettable travel experience and invests in state-of-the-art technology and top-notch facilities and amenities. Despite some challenges in the past, Carnival Corp remains an important player in the cruise industry and will continue to play a significant role in the future. Carnival is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling Carnival's Return on Capital Employed (ROCE)

Carnival's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Carnival's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Carnival's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Carnival’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Carnival stock

Return on Capital Employed (ROCE) of Carnival is 36.50 % in 2025.

Return on Capital Employed (ROCE) of Carnival changed from 38.63 % to 36.50 %, representing a -5.53% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) Carnival since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s Carnival with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — Carnival

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