Carnival Corporation (CCL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,915,000 | 1,588,000 | 910,000 | 411,000 | -61,000 | -1,624,000 | -3,448,000 | -4,877,000 | -6,079,000 | -7,102,000 | -9,202,000 | -9,431,000 | -9,522,000 | -9,135,000 | -9,136,000 | -11,461,000 | -10,252,000 | -7,577,000 | -2,890,000 | 1,954,000 |
| 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 |
| Pretax margin | 7.83% | 6.77% | 4.17% | 2.01% | -0.31% | -9.08% | -22.24% | -36.96% | -57.57% | -90.91% | -205.63% | -378.30% | -753.32% | -1,396.79% | -6,572.66% | -1,768.67% | -191.41% | -75.35% | -17.51% | 9.43% |
November 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,915,000K ÷ $24,470,000K
= 7.83%
The pretax margin of Carnival Corporation has shown significant fluctuation over the past few years. It started with a positive margin of 9.43% on February 29, 2020, but then experienced a sharp decline to -17.51% on May 31, 2020. The margin continued to deteriorate rapidly, reaching its lowest point of -6,572.66% on May 31, 2021, indicating severe financial difficulties.
However, the company managed to gradually improve its pretax margin from this point onwards. By November 30, 2024, Carnival Corporation achieved a pretax margin of 7.83%, showing a positive trend in its financial performance. This improvement suggests that the company may have implemented strategic measures to enhance profitability and operational efficiency.
Overall, the trajectory of Carnival Corporation's pretax margin reflects the challenges faced by the company in the aftermath of the pandemic but also demonstrates its resilience and ability to bounce back through strategic management decisions and operational adjustments.
Peer comparison
Nov 30, 2024