Company Dossier · Consumer Discretionary
Carnival Corporation
- S&P 500
- Russell 1000
What Carnival Corporation is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to August 31, 2026: $27.6 billion, up 5.2% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to August 31, 2026: $3.18 billion, up 9.3% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to August 31, 2026: $3.65 billion, up 35% from a year earlier.SEC EDGAR filings (XBRL)
- Latest earnings call or results release (September 29, 2026): sentiment 0.70 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.80 of 1.Palanor Discourse
- Guidance in the last 90 days: 1 outlook figure raised, 1 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed January 27, 2026): 3 risk factors added, 1 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q2 2026: $1.5 million on the open market.SEC Form 4
- 1,041 institutional managers reported a position at June 30, 2026 (−12 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 31 (27 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What Carnival Corporation is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding · Hedging
Expanding ↔ Retrenching
Expanding
- Capital spending82nd pct
- Debt raised—
- Buybacks vs capex—
- Hiring filings82nd pct
- Deals and private raises95th pct
- Patent publications52nd pct
Confident ↔ Hedging
Hedging
- Call sentiment51st pct
- Call confidence43rd pct
- Guidance changes11th pct
- Risk factors added8th pct
- Insider open-market trades45th pct
- − Guidance changes
- − Risk factors added
- − Call confidence
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver95th pct
- Stress filings95th pct
Credit
How these are built →Carnival Corporation's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$23.9B
- Due within a year $2.0B
- Longer term $21.9B
- Default point $13.0B (short + ½ long)
Finance leases included · Aug 31, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Carnival Corporation, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralCarnival: Fuel/Macro Risks Overblown; Resilient Cruise Demand At Higher Prices (NYSE:CCL)
seekingalpha.com · via Marketaux · Oct 1, 2026
- NeutralCarnival: The Q3 Print Validates My Bull Thesis On A Few Fronts (NYSE:CCL)
seekingalpha.com · via Marketaux · Sep 30, 2026
- PositiveCarnival Corp. (CCL) Q3 Beats Expectations Amid Rising Fuel Costs and Strategic Shift
gurufocus.com · via Marketaux · Sep 30, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (MILLER STRATEGIES, LLC)third_quarter 2026 · $0.0 million
- Oct 19, 2026LobbyingLobbying report (CARNIVAL CORPORATION (FKA CARNIVAL NORTH AMERICA LLC))third_quarter 2026 · $0.2 million
- Oct 17, 2026LobbyingLobbying report (PENN AVENUE PARTNERS)third_quarter 2026 · $0.1 million
- Jul 20, 2026LobbyingLobbying report (CARNIVAL CORPORATION (FKA CARNIVAL NORTH AMERICA LLC))second_quarter 2026 · $0.2 million
- Jul 20, 2026LobbyingLobbying report (MILLER STRATEGIES, LLC)second_quarter 2026 · $0.0 million
- Jul 7, 2026LobbyingLobbying report (PENN AVENUE PARTNERS)second_quarter 2026 · $0.1 million
- May 7, 20268-KMaterial agreement terminatedItem 1.02
- May 7, 20268-KAcquisition or sale completedItem 2.01
- May 7, 20268-KDelisting notice or listing transferItem 3.01
- May 7, 20268-KChange in controlItem 5.01
- Apr 20, 20268-KShareholder vote resultsItem 5.07
- Apr 20, 2026LobbyingLobbying report (MILLER STRATEGIES, LLC)first_quarter 2026 · $0.0 million
- Apr 20, 2026LobbyingLobbying report (CARNIVAL CORPORATION (FKA CARNIVAL NORTH AMERICA LLC))first_quarter 2026 · $0.2 million
- Feb 20, 20268-KMaterial agreement signedItem 1.01
- Feb 12, 20268-KMaterial agreement signedItem 1.01
- Jan 27, 202610-KAnnual report (10-K)3 risk factors added, 1 removed
- Oct 15, 20258-KMaterial agreement signedItem 1.01
- Aug 8, 20258-KDirector or officer changeItem 5.02
- Jul 16, 20258-KMaterial agreement signedItem 1.01
- Jul 7, 20258-KMaterial agreement signedItem 1.01
- Jun 24, 2025Patent
- Jun 13, 20258-KMaterial agreement signedItem 1.01
- Jun 13, 20258-KMaterial agreement terminatedItem 1.02
- May 21, 20258-KMaterial agreement signedItem 1.01
- Apr 18, 20258-KShareholder vote resultsItem 5.07
- Feb 28, 20258-KMaterial agreement signedItem 1.01
- Feb 7, 20258-KMaterial agreement signedItem 1.01
- Jan 27, 202510-KAnnual report (10-K)0 risk factors added, 1 removed
- Jan 13, 20258-KMaterial agreement signedItem 1.01
- Jan 10, 20258-KDirector or officer changeItem 5.02
- Aug 6, 2024Patent
- Jan 26, 202410-KAnnual report (10-K)0 risk factors added, 4 removed
- Jun 6, 2023Patent
- Feb 15, 2022Patent
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Royal Caribbean Group RCL | $18.7B | −$0.4B | Jun 30, 2026 |
| Expedia Group EXPE | $15.7B | $4.5B | Jun 30, 2026 |
| Hilton Worldwide HLT | $12.5B | $2.0B | Jun 30, 2026 |
| Norwegian Cruise Line Holdings NCLH | $10.2B | −$1.2B | Jun 30, 2026 |
| Travel + Leisure Co. TNL | $4.1B | $0.4B | Jun 30, 2026 |
| Choice Hotels CHH | $1.6B | — | Jun 30, 2026 |
| Wyndham Hotels & Resorts WH | $1.4B | $0.3B | Jun 30, 2026 |
| Viking Holdings VIK | — | — | — |