Key facts, as of
As of October 8, 2026, Carnival Corporation (CCL) trades at $26.15, down 8.9% over the past year. Its 52-week range runs from $21.45 to $34.03; the price is 23.2% below that high. It is 64.0% below its all-time high of $72.70, reached in January 2018. Over the 10 years to the end of September 2026, with dividends reinvested, it returned −42.7%, against +312.9% for the S&P 500 (SPY). It sits 4.7% below its 200-day average of $27.45, the usual sign of a long-term downtrend. Its 30-day volatility is 53.5% annualized, which we rate very high risk. It has a trailing P/E of 11.5 and a dividend yield of 1.72%.
Cite: Portfolio Terminal, "Carnival Corporation (CCL) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/ccl
Where it trades today
trading 37% of the way up its 52-week range
How the price has moved
How far it is from its record
Carnival Corporation (CCL) is 64.0% below its all-time high of $72.70, reached in January 2018. Over the 10 years to the end of September 2026, with dividends reinvested, it returned −42.7%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Demand sensitivity, pricing power, and how exposed the business is to macro slowdowns matter more than headline growth alone.
- CCL trades at 11.5x earnings versus 20.0x for the sector, which means the rerating case depends on proving the discount is too harsh.
- Recent realized volatility is running around 53.5%, above the sector norm of 26.0%, so position sizing matters more than usual.
- CCL is in a bullish short-term regime and only 23.2% below its 52-week high, so the question is whether fundamentals can keep pace with that stronger tape.
Portfolio Use Case
- CCL is more useful for investors comparing conviction names inside consumer cyclical than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in consumer cyclical can stay expensive longer than expected.
What Would Change the View
- If the short-term trend rolls over while volume fades, the market may stop paying up for momentum before the fundamentals change.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as AMZN, TSLA, HD start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for CCL come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Consumer Cyclical so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AMZN, TSLA, HD.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for CCL. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AMZN, TSLA, HD.
What Carnival Corporation does
Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation…
What analysts expect
CCL carries a buy consensus from 26 analysts, with an average price target of $33.93 versus $26.15 today (+29.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
CCL generated $27.59B in trailing revenue (3.5% year over year), with a 11.4% net margin, and $1.81B of free cash flow, against $23.94B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $26.62B | $10.67B | $4.48B | $2.76B | $2.10 | $2.61B |
| 2024 | $25.02B | $9.38B | $3.57B | $1.92B | $1.50 | $1.30B |
| 2023 | $21.59B | $7.28B | $1.96B | -$74.00M | -$0.06 | $997.00M |
| 2022 | $12.17B | $412.00M | -$4.38B | -$6.09B | -$5.16 | -$6.61B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
CCL is in 7 of the 30 ETFs we track. It weighs most in XLY: 0.76% of the fund, holding #27 of 47.
How it sits in consumer cyclical
Discretionary spending sector sensitive to economic cycles, including retail and automotive.
The companies it competes with
CCL beside the consumer cyclical names it is usually measured against.
AMZNAmazon.com Inc.$259.92$2.80TWhat the chart is saying
Back above its 50-day average, still under the long-term trend.
recovering- Price is 3.8% above its 50-day average and 4.7% below its 200-day.
- RSI at 63 is neither stretched nor washed out.
- The nearest ceiling is $27.49 (+5.1%), the nearest floor $25.18 (-3.7%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is CCL a good investment in 2026?
Carnival Corporation trades at a P/E ratio of 11.5, with very high volatility (53.5% annualized). Recent momentum is positive.
What is the risk level of CCL?
Based on 30-day volatility of 53.5%, CCL has VERY HIGH risk. Beta of 2.38 indicates higher sensitivity to market movements than average.
Does CCL pay dividends?
Yes, Carnival Corporation has a dividend yield of 1.72%.
How far is CCL from its all-time high?
Carnival Corporation is 64.0% below its all-time high of $72.70, reached in January 2018. Over the 10 years to the end of September 2026, with dividends reinvested, it returned −42.7%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold CCL?
7 of the 30 popular ETFs we track hold Carnival Corporation. The largest weights: XLY (0.76%), VYM (0.12%), VTV (0.11%), VOO (0.05%) and SPY (0.04%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is CCL?
0.05%, as of August 31, 2026: CCL is holding #306 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.46 in Carnival Corporation.
What is the analyst price target for CCL?
The average analyst price target for Carnival Corporation (CCL) is $33.93 based on 26 analyst estimates, about 29.8% above the current price of $26.15. The published range runs from $28.70 to $43.00.
How much revenue does CCL generate?
Carnival Corporation reported $27.59B in trailing twelve-month revenue. Revenue growth is running at 3.5% year over year. Net margin sits at 11.4%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare CCL with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.