Stock Analysis on Net
Stock Analysis on Net

Carnival Corp. & plc (NYSE:CCL)

$22.49

This company has been moved to the archive! The financial data has not been updated since March 27, 2024.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

Carnival Corp. & plc, operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Revenues1
Nov 30, 2023 = 100 × ÷
Nov 30, 2022 = 100 × ÷
Nov 30, 2021 = 100 × ÷
Nov 30, 2020 = 100 × ÷
Nov 30, 2019 = 100 × ÷
Nov 30, 2018 = 100 × ÷
Nov 30, 2017 = 100 × ÷
Nov 30, 2016 = 100 × ÷
Nov 30, 2015 = 100 × ÷
Nov 30, 2014 = 100 × ÷
Nov 30, 2013 = 100 × ÷
Nov 30, 2012 = 100 × ÷
Nov 30, 2011 = 100 × ÷
Nov 30, 2010 = 100 × ÷
Nov 30, 2009 = 100 × ÷
Nov 30, 2008 = 100 × ÷
Nov 30, 2007 = 100 × ÷
Nov 30, 2006 = 100 × ÷
Nov 30, 2005 = 100 × ÷

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

Revenue Trends
Revenues exhibited a general upward trajectory from 2005 through 2019, increasing from $11,087 million to $20,825 million over this period. This growth was relatively steady, with only minor fluctuations. However, a significant decline occurred in 2020, dropping sharply to $5,595 million, likely reflecting considerable operational challenges. The subsequent years show a recovery trend, with revenues increasing to $1,908 million in 2021, $12,168 million in 2022, and reaching $21,593 million by 2023, surpassing pre-2020 levels.
Operating Income (Loss) Patterns
Operating income remained positive and fairly stable from 2005 to 2019, fluctuating between approximately $1,352 million and $3,325 million, peaking in 2018. However, in 2020, operating income plummeted to a substantial loss of $8,865 million, reflecting a dramatic deterioration. Losses continued in 2021 and 2022, though progressively improving from -$7,089 million to -$4,379 million. In 2023, operating income returned to positive territory at $1,956 million, signaling a rebound in operational profitability.
Operating Profit Margin Insights
The operating profit margin demonstrated a declining trend from 23.8% in 2005 to 15.73% in 2019, indicating decreasing profitability relative to revenues over this time. The margin dropped sharply into negative territory in 2020 and 2021, reaching highly negative values of -158.45% and -371.54%, respectively, which corroborates the large losses recorded. The margin started to improve in 2022 at -35.99% and turned positive again in 2023 with 9.06%, indicating a recovery in profitability, though still below historical norms.
Overall Financial Performance Context
From 2005 to 2019, the data reflects steady revenue growth and positive operating income with gradually declining profit margins, suggesting increasing operational costs or pricing pressures. The years 2020 and 2021 represent a significant downturn with major operating losses and collapsed margins, likely due to extraordinary external factors affecting operations. Recovery signs emerge in 2022 and 2023, with improving revenue, reduced losses, and positive operating margins, although margins remain moderate compared to previous highs.

Comparison to Competitors

Carnival Corp. & plc, operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Carnival Corp. & plc Airbnb Inc. Booking Holdings Inc. Chipotle Mexican Grill Inc. DoorDash, Inc. McDonald’s Corp. Starbucks Corp.
Nov 30, 2023
Nov 30, 2022
Nov 30, 2021
Nov 30, 2020
Nov 30, 2019
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Nov 30, 2017
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Nov 30, 2013
Nov 30, 2012
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Nov 30, 2005

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).