CCL
Carnival Corp Ltd. Industrials Water Transportation S&P 500Russell 3000
$28.83Close
$21.79 – $33.4552-week range
Dec 18, 2026Next report
Highlights
Cautions
- Not in an uptrend 4 of 8 trend conditions
- Lagging the market RS 49 · weaker than 51% of stocks over 12 months
- Extended 5.0 ATR above its 50-day average
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
14%
1wk
up 10.4%
price change
1mo
up 17.5%
price change
12-month return
up 3%
market up 11% ·
its own down 6%
F-score
—
— Not assessed
Altman Z″
0.09
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
—
price / book
Earnings yield
—
EBIT / enterprise value
Cheaper than
—
of the market · not assessed
Revenue growth
up 6%
year on year
EPS growth
up 6%
latest quarter · +10 pts
Sales growth
up 3%
latest quarter · -2 pts
ROE
up 26%
return on equity
Free cash margin
up 10%
$2.6B FCF
D/E
1.96
long-term debt / equity
Net debt / EBITDA
3.0×
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- Long-term debt down 7% ($25.9B → $24.0B)
Trade setup
ATR%
3.2%
$0.92 a day · 2×ATR $26.99
RS
49 / 99
vs the universe
Trend
4 / 8
trend template
Relative volume
0.9×
vs 50-day average
Up/down volume
0.84
50 sessions
Implied move
15.1%
by Jan 15, 2027 · report Dec 18, 2026
Trend template · 4 of 8
- Price above the 150 and 200-day averages: passes
- 150-day average above the 200-day: fails
- 200-day average rising for a month: fails
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: passes
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: passes
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
Last reported
Sep 29, 2026
Results reaction
Sep 29, 2026+11% vs market2 sessions after results
Options
$5.2M40.5% IV · activity
Financials
- Gross
- Net 10%
- Free cash 10%
- Cash
- Long-term debt
| FY2020Nov 30, 2020 | FY2021Nov 30, 2021 | FY2022Nov 30, 2022 | FY2023Nov 30, 2023 | FY2024Nov 30, 2024 | FY2025Nov 30, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.6B | $1.9B | $12.2B | $21.6B | $25.0B | $26.6B |
| Gross margin | — | -144% | 3% | 34% | 38% | — |
| Operating income | -$8.9B | -$7.1B | -$4.4B | $2.0B | $3.6B | $4.5B |
| Net income | -$10.2B | -$9.5B | -$6.1B | -$74.0M | $1.9B | $2.8B |
| Net margin | -183% | -498% | -50% | -0% | 8% | 10% |
| Earnings per share | -$13.21 | -$8.46 | -$5.16 | -$0.06 | $1.37 | $1.97 |
| Free cash flow | -$9.9B | -$7.7B | -$6.6B | $997.0M | $1.3B | $2.6B |
| Free cash margin | -177% | -404% | -54% | 5% | 5% | 10% |
| Cash | $9.5B | $8.9B | $4.0B | $2.4B | $1.2B | $1.9B |
| Long-term debt | $22.1B | $28.5B | $32.0B | $28.5B | $25.9B | $24.0B |
| Shareholders' equity | $20.6B | $12.1B | $7.1B | $6.9B | $9.3B | $12.3B |
Next report
Dec 18, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±15.1%
$24 – $33 by Jan 15, 2027
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±8.0%
last 4: +10.8% · -4.2% · -5.2% · +13.6%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.9× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $26 – $31 ±8.6% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 40.5% priced · 33.0% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- About the same
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $5.2M calls $2.9M · puts $2.4M · latest session
- 0.83× -0.17 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -30.92k · puts +12.12k past week
For options traders: ATM IV 40.5% (-1.7% 1w) · 1m ÷ 3m IV 0.98 · 25Δ skew 1.5 pts · Net GEX -$284,266
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 29, 2026 | Quarterly ↗ | Aug 31, 2026 | 29d |
| Jun 26, 2026 | Quarterly ↗ | May 31, 2026 | 26d |
| Mar 27, 2026 | Quarterly ↗ | Feb 28, 2026 | 27d |
| Jan 27, 2026 | Annual ↗ | Nov 30, 2025 | 58d |
| Sep 29, 2025 | Quarterly ↗ | Aug 31, 2025 | 29d |
| Jun 26, 2025 | Quarterly ↗ | May 31, 2025 | 26d |
| Mar 25, 2025 | Quarterly ↗ | Feb 28, 2025 | 25d |
| Jan 27, 2025 | Annual ↗ | Nov 30, 2024 | 58d |
| Sep 30, 2024 | Quarterly ↗ | Aug 31, 2024 | 30d |
| Jun 27, 2024 | Quarterly ↗ | May 31, 2024 | 27d |
| Mar 27, 2024 | Quarterly ↗ | Feb 29, 2024 | 27d |
| Jan 26, 2024 | Annual ↗ | Nov 30, 2023 | 57d |
Current reports
| Filed | Disclosed |
|---|---|
| Sep 29, 2026 | Results ↗ |
| Aug 5, 2026 | Regulation FD ↗ |
| Jun 23, 2026 | Results ↗ |
| May 7, 2026 | Agreement ended · Acquisition or disposal · Listing notice · Unregistered share sale · Holder rights changed · Change of control · Charter or bylaws · Regulation FD ↗ |
| Apr 20, 2026 | Shareholder vote ↗ |
| Mar 27, 2026 | Results ↗ |
| Feb 20, 2026 | Material agreement ↗ |
| Feb 12, 2026 | Material agreement · Holder rights changed ↗ |
| Dec 19, 2025 | Results ↗ |
| Oct 15, 2025 | Material agreement · New obligation · Regulation FD ↗ |
| Sep 30, 2025 | Regulation FD ↗ |
| Sep 30, 2025 | Regulation FD ↗ |