Carnival Corporation (CCL)
Return on total capital
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 4,097,000 | 4,071,000 | 4,092,000 | 3,715,000 | 3,669,000 | 3,404,000 | 2,814,000 | 2,408,000 | 2,004,000 | 423,000 | -1,498,000 | -3,099,000 | -4,472,000 | -5,594,000 | -7,698,000 | -7,860,000 | -7,921,000 | -7,534,000 | -7,644,000 | -10,224,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,284,000 | 11,928,000 | 10,008,000 | 9,183,000 | 9,252,000 | 8,597,000 | 6,814,000 | 6,682,000 | 6,882,000 | 6,960,000 | 5,864,000 | 6,169,000 | 7,064,000 | 8,379,000 | 8,260,000 | 10,311,000 | 12,145,000 | 14,863,000 | 17,877,000 | 19,814,000 |
| Return on total capital | 33.35% | 34.13% | 40.89% | 40.46% | 39.66% | 39.60% | 41.30% | 36.04% | 29.12% | 6.08% | -25.55% | -50.24% | -63.31% | -66.76% | -93.20% | -76.23% | -65.22% | -50.69% | -42.76% | -51.60% |
November 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $4,097,000K ÷ ($—K + $12,284,000K)
= 33.35%
Peer comparison
Nov 30, 2025
Company name
Symbol
Return on total capital
Carnival Corporation
CCL
33.35%
Royal Caribbean Cruises Ltd
RCL
52.76%