Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Carnival Corp. & plc, profitability ratios
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Carnival Corp. & plc gross profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Carnival Corp. & plc operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Carnival Corp. & plc net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Carnival Corp. & plc ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Carnival Corp. & plc ROA improved from 2021 to 2022 and from 2022 to 2023. |
Gross Profit Margin
Carnival Corp. & plc, gross profit margin calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Gross profit (loss) | 7,276) | 411) | (2,747) | (2,650) | 7,916) | 7,792) | |
| Revenues | 21,593) | 12,168) | 1,908) | 5,595) | 20,825) | 18,881) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 33.70% | 3.38% | -143.97% | -47.36% | 38.01% | 41.27% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Airbnb Inc. | 82.83% | 82.15% | 80.71% | 74.07% | — | — | |
| Chipotle Mexican Grill Inc. | 26.20% | 23.88% | 22.62% | 17.40% | 20.45% | — | |
| McDonald’s Corp. | 57.12% | 56.97% | 54.17% | 50.77% | 52.74% | — | |
| Starbucks Corp. | 27.37% | 25.96% | 28.87% | 21.51% | 28.25% | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Gross profit margin = 100 × Gross profit (loss) ÷ Revenues
= 100 × 7,276 ÷ 21,593 = 33.70%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Carnival Corp. & plc gross profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Operating Profit Margin
Carnival Corp. & plc, operating profit margin calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Operating income (loss) | 1,956) | (4,379) | (7,089) | (8,865) | 3,276) | 3,325) | |
| Revenues | 21,593) | 12,168) | 1,908) | 5,595) | 20,825) | 18,881) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 9.06% | -35.99% | -371.54% | -158.45% | 15.73% | 17.61% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Airbnb Inc. | 15.31% | 21.45% | 7.17% | -106.27% | — | — | |
| Booking Holdings Inc. | 27.31% | 29.85% | 22.78% | -9.28% | 35.48% | — | |
| Chipotle Mexican Grill Inc. | 15.78% | 13.44% | 10.67% | 4.85% | 7.95% | — | |
| McDonald’s Corp. | 45.68% | 40.42% | 44.59% | 38.13% | 43.03% | — | |
| Starbucks Corp. | 16.32% | 14.32% | 16.77% | 6.64% | 15.38% | — | |
| Operating Profit Margin, Sector | |||||||
| Consumer Services | 25.75% | 24.62% | 24.69% | 8.41% | 27.75% | — | |
| Operating Profit Margin, Industry | |||||||
| Consumer Discretionary | 9.12% | 8.47% | 8.79% | 6.48% | 7.63% | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Revenues
= 100 × 1,956 ÷ 21,593 = 9.06%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Carnival Corp. & plc operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Profit Margin
Carnival Corp. & plc, net profit margin calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) | (74) | (6,093) | (9,501) | (10,236) | 2,990) | 3,152) | |
| Revenues | 21,593) | 12,168) | 1,908) | 5,595) | 20,825) | 18,881) | |
| Profitability Ratio | |||||||
| Net profit margin1 | -0.34% | -50.07% | -497.96% | -182.95% | 14.36% | 16.69% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Airbnb Inc. | 48.32% | 22.54% | -5.88% | -135.71% | — | — | |
| Booking Holdings Inc. | 20.07% | 17.89% | 10.63% | 0.87% | 32.29% | — | |
| Chipotle Mexican Grill Inc. | 12.45% | 10.41% | 8.65% | 5.94% | 6.27% | — | |
| McDonald’s Corp. | 33.22% | 26.65% | 32.49% | 24.63% | 28.59% | — | |
| Starbucks Corp. | 11.46% | 10.18% | 14.45% | 3.95% | 13.58% | — | |
| Net Profit Margin, Sector | |||||||
| Consumer Services | 22.32% | 17.09% | 17.21% | 2.53% | 21.75% | — | |
| Net Profit Margin, Industry | |||||||
| Consumer Discretionary | 7.92% | 5.15% | 9.20% | 5.24% | 5.92% | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Net profit margin = 100 × Net income (loss) ÷ Revenues
= 100 × -74 ÷ 21,593 = -0.34%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Carnival Corp. & plc net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Return on Equity (ROE)
Carnival Corp. & plc, ROE calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) | (74) | (6,093) | (9,501) | (10,236) | 2,990) | 3,152) | |
| Shareholders’ equity | 6,882) | 7,065) | 12,144) | 20,555) | 25,365) | 24,443) | |
| Profitability Ratio | |||||||
| ROE1 | -1.08% | -86.24% | -78.24% | -49.80% | 11.79% | 12.90% | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Airbnb Inc. | 58.69% | 34.05% | -7.37% | -158.00% | — | — | |
| Booking Holdings Inc. | — | 109.92% | 18.86% | 1.21% | 82.00% | — | |
| Chipotle Mexican Grill Inc. | 40.13% | 37.97% | 28.42% | 17.61% | 20.81% | — | |
| McDonald’s Corp. | — | — | — | — | — | — | |
| Starbucks Corp. | — | — | — | — | — | — | |
| ROE, Sector | |||||||
| Consumer Services | — | — | 396.84% | — | — | — | |
| ROE, Industry | |||||||
| Consumer Discretionary | 30.61% | 21.65% | 34.37% | 25.29% | 34.62% | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
ROE = 100 × Net income (loss) ÷ Shareholders’ equity
= 100 × -74 ÷ 6,882 = -1.08%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Carnival Corp. & plc ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Return on Assets (ROA)
Carnival Corp. & plc, ROA calculation, comparison to benchmarks
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | Nov 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income (loss) | (74) | (6,093) | (9,501) | (10,236) | 2,990) | 3,152) | |
| Total assets | 49,120) | 51,703) | 53,344) | 53,593) | 45,058) | 42,401) | |
| Profitability Ratio | |||||||
| ROA1 | -0.15% | -11.78% | -17.81% | -19.10% | 6.64% | 7.43% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Airbnb Inc. | 23.21% | 11.80% | -2.57% | -43.70% | — | — | |
| Booking Holdings Inc. | 17.62% | 12.06% | 4.93% | 0.27% | 22.73% | — | |
| Chipotle Mexican Grill Inc. | 15.27% | 12.98% | 9.81% | 5.95% | 6.86% | — | |
| McDonald’s Corp. | 15.08% | 12.25% | 14.01% | 8.99% | 12.68% | — | |
| Starbucks Corp. | 14.01% | 11.73% | 13.38% | 3.16% | 18.73% | — | |
| ROA, Sector | |||||||
| Consumer Services | 16.52% | 12.08% | 10.22% | 1.24% | 15.92% | — | |
| ROA, Industry | |||||||
| Consumer Discretionary | 7.66% | 4.94% | 8.07% | 4.42% | 5.57% | — | |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × -74 ÷ 49,120 = -0.15%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Carnival Corp. & plc ROA improved from 2021 to 2022 and from 2022 to 2023. |