Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
United Kingdom
In shortCarnival PLC is profitable, generates cash and carries heavy debt, with revenue growing (+6.4% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.2% | 81/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 13.4% | 74/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 46.7% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 12.5% | 83/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.40× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.22× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.87× | 32/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 7.19× | 54/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.82 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 17.1% | 89/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.27× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 4 | 100/100 |
| Revenue growth volatility | 192.9% | 0/100 |
| Operating margin volatility | 190.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 36.5% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 760 | 3,941 | 7,982 | 9,413 | 10,019 |
| Selling, general & admin | 658 | 857 | 1,000 | 1,100 | 1,143 |
| Operating income | (3,215) | (2,905) | 753 | 1,627 | 1,921 |
| Interest expense | 96 | 140 | 318 | 330 | 267 |
| Pre-tax income | (3,393) | (2,797) | 246 | 1,491 | 1,341 |
| Income tax | 13 | 15 | (2) | (4) | (6) |
| Net income | (3,406) | (2,813) | 248 | 1,495 | 1,347 |
| Diluted EPS | −$0.18 | −$15.14 | $1.32 | $7.93 | $7.12 |
0.82 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Nov 30, 2025 · Data updated Nov 30, 2025