Carnival Corporation (CCL)

Net profit margin

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Net income	US$ in thousands	-74,000	-6,093,000	-9,501,000	-10,236,000	2,990,000
Revenue	US$ in thousands	19,429,000	10,558,000	1,908,000	4,236,000	20,619,000
Net profit margin		-0.38%	-57.71%	-497.96%	-241.64%	14.50%

November 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-74,000K ÷ $19,429,000K
= -0.38%

The net profit margin of Carnival Corp. has exhibited substantial variability over the past five years. In 2019, the company reported a healthy net profit margin of 14.36%, indicating that for every dollar of revenue, it earned $0.1436 in net profits. However, the following year saw a significant downturn, with the net profit margin plummeting to -183.00%, reflecting a hefty net loss, likely due to the impacts of the COVID-19 pandemic on the cruise industry. This negative trend continued in 2021, with a net profit margin of -497.96%, indicating a deepening loss relative to revenue.

In 2022, the net profit margin worsened further, reaching -50.07%, suggesting ongoing challenges. However, the most recent data for 2023 indicates a slight improvement, with a net profit margin of -0.35%. This suggests that while the company is still operating at a loss, the extent of the loss has diminished relative to revenue.

Overall, the net profit margin data reflects a turbulent period for Carnival Corp., with significant losses in recent years, likely due to the unprecedented challenges faced by the cruise industry. Further monitoring and analysis of the company's financial performance will be essential to assess its recovery and future profitability prospects.