Net Profit Margin
since 2005
Calculation
Carnival Corp. & plc, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Nov 30, 2023 | -0.34% | = | 100 | × | (74) | ÷ | 21,593) |
| Nov 30, 2022 | -50.07% | = | 100 | × | (6,093) | ÷ | 12,168) |
| Nov 30, 2021 | -497.96% | = | 100 | × | (9,501) | ÷ | 1,908) |
| Nov 30, 2020 | -182.95% | = | 100 | × | (10,236) | ÷ | 5,595) |
| Nov 30, 2019 | 14.36% | = | 100 | × | 2,990) | ÷ | 20,825) |
| Nov 30, 2018 | 16.69% | = | 100 | × | 3,152) | ÷ | 18,881) |
| Nov 30, 2017 | 14.88% | = | 100 | × | 2,606) | ÷ | 17,510) |
| Nov 30, 2016 | 16.96% | = | 100 | × | 2,779) | ÷ | 16,389) |
| Nov 30, 2015 | 11.18% | = | 100 | × | 1,757) | ÷ | 15,714) |
| Nov 30, 2014 | 7.78% | = | 100 | × | 1,236) | ÷ | 15,884) |
| Nov 30, 2013 | 6.97% | = | 100 | × | 1,078) | ÷ | 15,456) |
| Nov 30, 2012 | 8.44% | = | 100 | × | 1,298) | ÷ | 15,382) |
| Nov 30, 2011 | 12.11% | = | 100 | × | 1,912) | ÷ | 15,793) |
| Nov 30, 2010 | 13.67% | = | 100 | × | 1,978) | ÷ | 14,469) |
| Nov 30, 2009 | 13.60% | = | 100 | × | 1,790) | ÷ | 13,157) |
| Nov 30, 2008 | 15.91% | = | 100 | × | 2,330) | ÷ | 14,646) |
| Nov 30, 2007 | 18.48% | = | 100 | × | 2,408) | ÷ | 13,033) |
| Nov 30, 2006 | 19.25% | = | 100 | × | 2,279) | ÷ | 11,839) |
| Nov 30, 2005 | 20.36% | = | 100 | × | 2,257) | ÷ | 11,087) |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
1 US$ in millions
The financial data reveals several important trends and shifts over the analyzed period, highlighting both growth phases and periods of significant decline.
- Net Income (Loss)
- From 2005 through 2019, net income generally exhibited an overall positive trajectory with fluctuations. Net income increased from $2,257 million in 2005 to a peak of $3,152 million in 2018, followed by a slight decrease but still robust levels through 2019. However, a dramatic decline occurs starting in 2020, where net income turns profoundly negative, plunging to -$10,236 million. This negative trend slightly improves but remains deeply negative through 2023, with losses narrowing to -$74 million.
- Revenues
- Revenues steadily increased from $11,087 million in 2005 to a peak of $20,825 million in 2019, reflecting consistent growth over this period. The data demonstrates a general upward trend with some years of stabilization, such as between 2012 and 2014. Following 2019, revenues sharply fell to $5,595 million in 2020, likely associated with adverse conditions impacting operations. Revenues partially recovered in subsequent years, rising to $21,593 million by 2023, surpassing the pre-2020 peak.
- Net Profit Margin
- The profit margin trend mirrors the net income pattern, starting at 20.36% in 2005 and gradually declining to a low of 6.97% in 2013, indicating squeezed profitability despite revenue growth during part of that period. There is some improvement afterwards, with margins reaching around 16.69% in 2018. The margin collapses to large negative values from 2020 onward, reaching -497.96% in 2021, reflecting significant losses relative to revenue during this period. The margin improves afterward but remains negative and near zero at -0.34% by 2023.
In summary, the data displays a period of sustained growth in both revenues and profitability until 2019, followed by a sudden and severe downturn in 2020 causing substantial losses and margin collapse. The subsequent years see a gradual recovery in revenues and profitability levels, although profitability remains compromised compared to the pre-2020 period. This pattern likely points to an extraordinary event impacting the company around 2020, with a recovery phase underway by 2023.
Comparison to Competitors
Carnival Corp. & plc, net profit margin, long-term trends, comparison to competitors
| Carnival Corp. & plc | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
| Nov 30, 2023 | -0.34% | 48.32% | 20.07% | 12.45% | -6.46% | 33.22% | 11.46% |
| Nov 30, 2022 | -50.07% | 22.54% | 17.89% | 10.41% | -20.74% | 26.65% | 10.18% |
| Nov 30, 2021 | -497.96% | -5.88% | 10.63% | 8.65% | -9.57% | 32.49% | 14.45% |
| Nov 30, 2020 | -182.95% | -135.71% | 0.87% | 5.94% | -15.97% | 24.63% | 3.95% |
| Nov 30, 2019 | 14.36% | — | 32.29% | 6.27% | — | 28.59% | 13.58% |
| Nov 30, 2018 | 16.69% | — | 27.52% | 3.63% | — | 28.18% | 18.28% |
| Nov 30, 2017 | 14.88% | — | 18.46% | 3.94% | — | 22.75% | 12.89% |
| Nov 30, 2016 | 16.96% | — | 19.87% | 0.59% | — | 19.03% | 13.22% |
| Nov 30, 2015 | 11.18% | — | 27.66% | 10.57% | — | 17.82% | 14.39% |
| Nov 30, 2014 | 7.78% | — | 28.69% | 10.84% | — | 17.34% | 12.57% |
| Nov 30, 2013 | 6.97% | — | 27.86% | 10.19% | — | 19.87% | 0.06% |
| Nov 30, 2012 | 8.44% | — | 26.98% | 10.18% | — | 19.82% | 10.40% |
| Nov 30, 2011 | 12.11% | — | 24.25% | 9.47% | — | 20.38% | 10.65% |
| Nov 30, 2010 | 13.67% | — | 17.10% | 9.75% | — | 20.55% | 8.83% |
| Nov 30, 2009 | 13.60% | — | 20.93% | 8.35% | — | 20.01% | 4.00% |
| Nov 30, 2008 | 15.91% | — | 10.26% | 5.87% | — | 18.34% | 3.04% |
| Nov 30, 2007 | 18.48% | — | 11.15% | 6.50% | — | 10.51% | 7.15% |
| Nov 30, 2006 | 19.25% | — | 6.63% | 5.03% | — | 16.42% | 7.25% |
| Nov 30, 2005 | 20.36% | — | 20.02% | 6.01% | — | 12.72% | 7.76% |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Sector (Consumer Services)
Carnival Corp. & plc, net profit margin, long-term trends, comparison to sector (consumer services)
| Carnival Corp. & plc | Consumer Services | |
|---|---|---|
| Nov 30, 2023 | -0.34% | 20.08% |
| Nov 30, 2022 | -50.07% | 14.50% |
| Nov 30, 2021 | -497.96% | 15.60% |
| Nov 30, 2020 | -182.95% | 1.66% |
| Nov 30, 2019 | 14.36% | 21.75% |
| Nov 30, 2018 | 16.69% | 22.44% |
| Nov 30, 2017 | 14.88% | 16.99% |
| Nov 30, 2016 | 16.96% | 15.95% |
| Nov 30, 2015 | 11.18% | 17.69% |
| Nov 30, 2014 | 7.78% | 17.17% |
| Nov 30, 2013 | 6.97% | 14.74% |
| Nov 30, 2012 | 8.44% | 17.49% |
| Nov 30, 2011 | 12.11% | 17.69% |
| Nov 30, 2010 | 13.67% | 16.62% |
| Nov 30, 2009 | 13.60% | 15.28% |
| Nov 30, 2008 | 15.91% | 13.20% |
| Nov 30, 2007 | 18.48% | 9.50% |
| Nov 30, 2006 | 19.25% | 13.49% |
| Nov 30, 2005 | 20.36% | 11.71% |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Industry (Consumer Discretionary)
Carnival Corp. & plc, net profit margin, long-term trends, comparison to industry (consumer discretionary)
| Carnival Corp. & plc | Consumer Discretionary | |
|---|---|---|
| Nov 30, 2023 | -0.34% | 7.84% |
| Nov 30, 2022 | -50.07% | 5.02% |
| Nov 30, 2021 | -497.96% | 9.12% |
| Nov 30, 2020 | -182.95% | 5.18% |
| Nov 30, 2019 | 14.36% | 5.92% |
| Nov 30, 2018 | 16.69% | 6.19% |
| Nov 30, 2017 | 14.88% | 4.38% |
| Nov 30, 2016 | 16.96% | 5.77% |
| Nov 30, 2015 | 11.18% | 6.37% |
| Nov 30, 2014 | 7.78% | 4.66% |
| Nov 30, 2013 | 6.97% | 5.29% |
| Nov 30, 2012 | 8.44% | 5.32% |
| Nov 30, 2011 | 12.11% | 8.80% |
| Nov 30, 2010 | 13.67% | 5.80% |
| Nov 30, 2009 | 13.60% | 4.94% |
| Nov 30, 2008 | 15.91% | 0.22% |
| Nov 30, 2007 | 18.48% | 3.23% |
| Nov 30, 2006 | 19.25% | 0.73% |
| Nov 30, 2005 | 20.36% | 4.49% |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).