Carnival Corporation & plc (CCL)财务
NYSE · Consumer Cyclical · Travel Services · 员工160,000人 · CEO Joshua Ian Weinstein
- 股价
- $28.83 -0.03%
- 市值
- $388亿
- 企业价值
- $627亿
- 最近财报
- Q3 '26 2026-09-29提交
- 下次财报
- 2026-12-18 EPS预期 $0.22
营收(TTM)$276亿+5.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)16.0%-0.4 百分点 对比去年同期营业利润 $44.1亿
净利润(TTM)$31.4亿+18.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$31.8亿+9.0% 对比去年同期资本支出 $36.5亿
稀释EPS(TTM)$2.29+23.1% 对比去年同期最近4个季度之和
净现金-$239亿+8.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $388亿 EV $627亿
- 营收
- $276亿 过去12个月
- 营收增速
- +4% FY2026年一致预期
- 净利润率
- 11.4% 净利润 / 营收,TTM
- P/E
- 12.5× 预期 12.8×(FY2026)
- P/S
- 1.4× 股价 / 营收,TTM
- EV / EBITDA
- 8.6× TTM
- 自由现金流
- $31.8亿 过去12个月
- 净利润
- $31.4亿 过去12个月
- 营收预期
- $277亿 FY2026年一致预期
- 盈利
- 2026-12-18 营收预期 $64.7亿
- 股息
- $0.45 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-09-29):营收超预期0.6%,EPS 超预期5.9%营收$84.4亿,预期$83.9亿(+0.6%);EPS $1.43,预期$1.35(+5.9%)。
- 营收增长放缓:同比3.5%Q3 '26营收$84.4亿,此前四个季度的平均值为5.3%。
- 营业利润率16.0%(TTM),较去年同期-0.4 百分点营收增长5.2%,营业利润增长2.4%。
- 税前利润的38.8%被营业外亏损吞噬税前利润$31.8亿,营业利润$44.1亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的13.2%(去年为10.3%)最近4个季度投入$36.5亿(同比+35.2%)。自由现金流$31.8亿,相当于净利润的101.2%。
- 股东回报$11.7亿 = 自由现金流的36.7%回购$5.48亿(去年为$0),股息$6.18亿,股权激励$1.01亿(TTM)。
- 稀释股数一年内减少2.4%Q3 '26稀释股数13.7亿,一年前为14亿。
- 净债务 $239亿现金 + 短期投资 $12.2亿,含租赁债务 $252亿;一年前净债务 $261亿。
上一季度:Q3 '26
截至2026-08-31的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $84.4亿 | $81.5亿 | +3.5% |
| 毛利率 | 45.1% | 46.2% | -1.1 百分点 |
| 营业利润 | $22.2亿 | $22.7亿 | -2.3% |
| 营业利润率 | 26.3% | 27.9% | -1.5 百分点 |
| 净利润 | $19.2亿 | $18.5亿 | +3.7% |
| 稀释EPS | $1.40 | $1.33 | +5.3% |
| 经营现金流 | $14.1亿 | $13.8亿 | +2.0% |
| 资本支出 | $6.98亿 | $6.47亿 | +7.9% |
| 自由现金流 | $7.12亿 | $7.36亿 | -3.3% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $2300万 | $2500万 | -8.0% |
实际 vs 一致预期
2026-09-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $84.4亿 | $83.9亿 | +0.6% |
| EPS(一致预期口径) | $1.43 | $1.35 | +5.9% |
来自2026-09-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Tour And Other | $55.3亿 | +1.8% | 65.5% | $179亿 | +3.8% | |
| Cruise | $29.1亿 | +6.7% | 34.5% | $97.2亿 | +7.8% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Europe Australia And Asia Cruise Brands | $26.1亿 | -0.1% | 100.0% | $90.7亿 | +10.9% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| North American Segment | – | – | – | – | – | 28.3% | – |
| North America And Australia | – | – | – | – | – | – | – |
| Europe Segment | $26.1亿 | +2.2% | – | – | – | 31.8% | – |
| Tour And Other | $1.91亿 | +6.7% | – | – | – | 39.7% | – |
| Cruise | $9600万 | +29.7% | – | – | – | -168.9% | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $68.2亿
- 资本支出
- -$36.5亿
- 股票回购
- -$5.48亿
- 股息
- -$6.18亿
- 收购
- $1100万
- 债务净发行
- -$16.9亿
- 股权激励费用
- $1.01亿
- 自由现金流
- $31.8亿
- 股东回报 / FCF
- 36.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 12.5× | 14.7× 5年中的2年 | 12.3× – 17.0× |
| EV / EBITDA | 8.6× | 9.8× 5年中的3年 | 8.7× – 11.1× |
| EV / 营收 | 2.3× | 6.9× | 2.2× – 23.8× |
| 股价 / FCF | 12.2× | 19.0× 5年中的3年 | 13.0× – 25.0× |
| 股价 / 净资产 | 2.8× | 2.5× | 1.6× – 3.5× |
| FCF收益率 | 8.2% | -15.7% | -56.4% – 7.7% |
| 投入资本回报率 | 10.8% | 0.0% | -14.8% – 10.8% |
| 净资产收益率 | 23.9% | -24.5% | -86.3% – 22.5% |
分析师
一致目标价 $33.16 (+15.0%)
区间 $28.70 – $42.00 · 评级 Buy
强烈买入0
买入30
持有17
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $277亿 | +4.1% | $2.26 | +11.8% | 12.8× | 14 |
| FY2027 | $286亿 | +3.2% | $2.58 | +14.2% | 11.2× | 18 |
| FY2028 | $298亿 | +4.1% | $3.06 | +18.5% | 9.4× | 9 |
| FY2029 | $310亿 | +4.0% | $3.57 | +16.8% | 8.1× | 7 |
| FY2030 | $318亿 | +2.6% | $3.67 | +2.8% | 7.9× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Carnival Corporation & plc在近期10-Q / 10-K文件中标记的全部157项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $11.6亿 | $11.7亿 | -1.2% | $12.5亿 | $11.3亿 | +9.9% |
| Accrued Liabilities, Current | $19.8亿 | $19.8亿 | +0.3% | $22.4亿 | $23.6亿 | -5.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $240亿2025-11-30 | $221亿 | +8.5% | $240亿 | $221亿 | +8.5% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $4400万2025-11-30 | $4500万 | -2.2% | $4400万 | $4500万 | -2.2% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$18.2亿2025-11-30 | -$19.6亿 | +7.0% | -$18.2亿 | -$19.6亿 | +7.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$17.1亿 | -$17.2亿 | +0.1% | -$18.1亿 | -$19.8亿 | +8.4% |
| Additional Paid in Capital | $157亿 | $172亿 | -9.1% | $173亿 | $172亿 | +0.7% |
| Advertising Expense | – | – | – | $9.72亿 | $9.25亿 | +5.1% |
| Amortization of Debt Issuance Costs and Discounts | $2700万 | $2800万 | -3.6% | $1.16亿 | $1.41亿 | -17.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 02026-05-31 | 0 | – | 0 | 0 | – |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $5200万2025-11-30 | $2600万 | +100.0% | $5200万 | $2600万 | +100.0% |
| Asset Impairment Charges | – | – | – | $02024-11-30 | $2100万 | -100.0% |
| Assets | $510亿 | $508亿 | +0.3% | $517亿 | $491亿 | +5.4% |
| Assets, Current | $34.2亿 | $38.7亿 | -11.6% | $42.2亿 | $33.8亿 | +24.9% |
| Cash and Cash Equivalents, at Carrying Value | $12.2亿 | $17.6亿 | -30.8% | $19.3亿 | $12.1亿 | +59.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $12.4亿 | $17.9亿 | -30.8% | $19.6亿 | $12.3亿 | +59.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$10.2亿 | -$3.8亿 | -168.7% | $7.27亿 | -$12亿 | +160.4% |
| Common Stock, Dividends, Per Share, Declared | $0.15 | – | – | $1.952018-11-30 | $1.60 | +21.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $300万 | $200万 | +50.0% | – | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $19.5亿 | $18.9亿 | +3.0% | $29.3亿 | $18.8亿 | +55.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $19.5亿 | $18.9亿 | +3.0% | – | – | – |
| Construction in Progress, Gross | $4.64亿2025-11-30 | $5.35亿 | -13.3% | $4.64亿 | $5.35亿 | -13.3% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $3.94亿 | $3.39亿 | +16.2% | $3.63亿 | $3.36亿 | +8.0% |
| Contract with Customer, Liability | $76亿 | $71亿 | +7.0% | $72亿 | $68亿 | +5.9% |
| Contract with Customer, Liability, Current | $71.3亿 | $66.9亿 | +6.5% | $68.3亿 | $64.3亿 | +6.3% |
| Contract with Customer, Liability, Revenue Recognized | $3亿2025-11-30 | $4亿 | -25.0% | $61亿 | $55亿 | +10.9% |
| Cost of Revenue | $43.9亿2025-08-31 | $43亿 | +1.9% | $156亿2024-11-30 | $143亿 | +9.2% |
| Debt Issuance Costs, Net | $6.47亿 | $7.07亿 | -8.5% | $7.44亿 | $7.38亿 | +0.8% |
| Debt, Long-term and Short-term, Combined Amount | $246亿 | $272亿 | -9.7% | $274亿 | $282亿 | -2.9% |
| Defined Benefit Plan, Plan Assets, Amount | $1.63亿2025-11-30 | $1.68亿 | -3.0% | $1.63亿 | $1.68亿 | -3.0% |
| Defined Contribution Plan, Cost | – | – | – | $5400万 | $4700万 | +14.9% |
| Depreciation, Depletion and Amortization, Nonproduction | $7.54亿 | $7.17亿 | +5.2% | $27.9亿 | $25.6亿 | +9.1% |
| Derivative Asset, Fair Value, Amount Not Offset Against Collateral | $02025-08-31 | $300万 | -100.0% | $200万2024-11-30 | $2200万 | -90.9% |
| Derivative Liability, Fair Value, Amount Not Offset Against Collateral | $02025-08-31 | $1900万 | -100.0% | $400万2024-11-30 | $2800万 | -85.7% |
| Dividends, Common Stock, Cash | $2.04亿 | – | – | $3.42亿2020-11-30 | $13.8亿 | -75.2% |
| Earnings Per Share, Basic | $1.41 | $1.41 | 0.0% | $2.10 | $1.50 | +40.0% |
| Earnings Per Share, Diluted | $1.40 | $1.33 | +5.3% | $2.02 | $1.44 | +40.3% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $600万 | -100.0% | $1900万 | -$800万 | +337.5% |
| Gain (Loss) on Extinguishment of Debt | -$2300万 | -$1.05亿 | +78.1% | -$4.01亿 | -$7600万 | -427.6% |
| Gain (Loss) on Extinguishment of Debt, before Write off of Debt Issuance Cost | -$2300万 | -$1.11亿 | +79.3% | -$4.09亿 | -$7900万 | -417.7% |
| Goodwill | $5.79亿 | $5.79亿 | 0.0% | $5.79亿 | $5.79亿 | 0.0% |
| Goodwill and Intangible Asset Impairment | – | – | – | $02023-11-30 | $0 | – |
| Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | $18.6亿2025-08-31 | $17.4亿 | +6.5% | $19.2亿2024-11-30 | -$6200万 | +3,188.7% |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $19.4亿 | $18.6亿 | +4.2% | $27.7亿 | $19.2亿 | +44.8% |
| Income (Loss) from Equity Method Investments | $800万2025-08-31 | $1000万 | -20.0% | $900万2024-11-30 | -$1300万 | +169.2% |
| Income Tax Expense (Benefit) | $1600万 | $600万 | +166.7% | $1200万 | -$100万 | +1,300.0% |
| Increase (Decrease) in Accounts Payable | -$1100万 | $2500万 | -144.0% | $6100万 | -$2600万 | +334.6% |
| Increase (Decrease) in Contract with Customer, Liability | -$13.4亿 | -$14.3亿 | +5.8% | $3.08亿 | $5.07亿 | -39.3% |
| Increase (Decrease) in Inventories | -$2200万 | -$200万 | -1,000.0% | -$200万 | -$900万 | +77.8% |
| Increase (Decrease) in Other Operating Assets | -$900万 | -$7100万 | +87.3% | $2.14亿 | -$3.52亿 | +160.8% |
| Increase (Decrease) in Other Operating Liabilities | -$9700万 | $2200万 | -540.9% | -$2.18亿 | $1.67亿 | -230.5% |
| Increase (Decrease) in Receivables | -$2500万2026-05-31 | $1100万 | -327.3% | $8400万 | $4900万 | +71.4% |
| Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities | 0 | 8400万 | -100.0% | 8400万 | 1.19亿 | -29.4% |
| Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements | 500万 | 500万 | 0.0% | 500万 | 500万 | 0.0% |
| Indefinite-lived Intangible Assets (Excluding Goodwill) | $11.8亿 | $11.8亿 | 0.0% | $11.8亿 | $11.6亿 | +1.3% |
| Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments | $0 | $300万 | -100.0% | $1500万 | -$400万 | +475.0% |
| Intangible Assets, Net (Excluding Goodwill) | $11.8亿 | $11.8亿 | 0.0% | $11.8亿 | $11.6亿 | +1.2% |
| Interest Costs Capitalized | – | – | – | $7500万 | $6100万 | +23.0% |
| Interest on Convertible Debt, Net of Tax | $0 | $1800万 | -100.0% | $1100万2010-11-30 | $1200万 | -8.3% |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | – | – | – | $12亿 | $16亿 | -25.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-31, 10-Q 2026-05-31, 10-Q 2026-02-28, 10-K 2025-11-30, 10-Q 2025-08-31, 10-Q 2025-05-31, 10-Q 2025-02-28, 10-K 2024-11-30, 10-Q 2024-08-31
数据截至 2026-11-02