Carnival Corporation (CCL)

Net profit margin

		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	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Net income (ttm)	US$ in thousands	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	2,990,000	3,060,000	2,987,000
Revenue (ttm)	US$ in thousands	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	20,620,000	20,343,000	19,698,000
Net profit margin		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%	14.50%	15.04%	15.16%

February 29, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $405,000K ÷ $20,426,000K
= 1.98%

The net profit margin of Carnival Corporation has fluctuated significantly over the periods analyzed. The company saw a positive net profit margin of 1.98% in February 2024, a turnaround from the negative margins in the previous periods. However, it is important to note that the company experienced negative net profit margins in a number of prior periods, with the lowest being -205.16% in May 2022. This indicates that in those periods, the company's expenses exceeded its revenues, resulting in net losses.

It is evident from the data that Carnival Corporation has faced challenges in generating profits consistently, as reflected in the varying net profit margins over time. The significant negative margins highlight the financial difficulties the company has encountered, particularly in the face of adverse events such as the global pandemic.

Overall, the analysis of Carnival Corporation's net profit margin reveals the company's struggle to maintain profitability, with fluctuations ranging from positive to severely negative margins in the recent periods.