Carnival Corporation (CCL)

Net profit margin

		Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020
Net income (ttm)	US$ in thousands	1,916,000	1,565,000	904,000	405,000	-74,000	-1,624,000	-3,468,000	-4,895,000	-6,093,000	-7,115,000	-9,181,000	-9,419,000	-9,501,000	-9,103,000	-9,125,000	-11,427,000	-10,235,000	-7,590,000	-2,952,000	1,873,000
Revenue (ttm)	US$ in thousands	24,470,000	23,464,000	21,836,000	20,426,000	19,417,000	17,876,000	15,504,000	13,197,000	10,559,000	7,812,000	4,475,000	2,493,000	1,264,000	654,000	139,000	648,000	5,356,000	10,056,000	16,506,000	20,732,000
Net profit margin		7.83%	6.67%	4.14%	1.98%	-0.38%	-9.08%	-22.37%	-37.09%	-57.70%	-91.08%	-205.16%	-377.82%	-751.66%	-1,391.90%	-6,564.75%	-1,763.43%	-191.09%	-75.48%	-17.88%	9.03%

November 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,916,000K ÷ $24,470,000K
= 7.83%

Carnival Corporation's net profit margin experienced significant fluctuations over the period from February 29, 2020, to November 30, 2024. The net profit margin started at a positive 9.03% on February 29, 2020, and then declined sharply into negative territory in subsequent periods. It reached its lowest point at -6,564.75% on May 31, 2021, indicating substantial losses relative to its revenue.

From August 31, 2021, onwards, there was a gradual improvement in the net profit margin, moving from highly negative figures towards positive territory. By November 30, 2024, the net profit margin had recovered to a positive 7.83%, showing a return to profitability for the company.

The fluctuations in net profit margin suggest that Carnival Corporation faced challenges affecting its bottom line, likely due to various factors such as the impact of the COVID-19 pandemic on the travel and tourism industry, operational disruptions, or changes in consumer behavior. The positive trend in the latter periods indicates efforts to enhance operational efficiency, cost management, and revenue generation strategies to improve profitability.