CCL Carnival
FY2025 10-K
Carnival (CCL) filed its fiscal year 2025 10-K annual report with the SEC on Jan 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Largest global cruise company operating eight distinctive cruise lines with diverse vacation experiences worldwide
- • New emphasis: Unification of dual-listed company under single Carnival Corporation entity, and legal incorporation shift from Panama to Bermuda planned for Q2 2026
Management Discussion & Analysis
- • Total debt and interest payments due $32.2B through 2030, including $3.1B due in 2026
- • Newbuild capital expenditures commitments $11.8B through 2030, with $0.5B planned in 2026
Risk Factors
- • EU and UK emissions regulations plus IMO Strategy forcing capital investments and increased costs for emission allowances and carbon offsets
- • Exposure to Caribbean adverse weather, including increased hurricane/typhoon intensity, impacting ports, itineraries, and infrastructure investments
Financial SummaryXBRL
Revenue
$26.6B
Net Income
$2.8B
Operating Margin
16.8%
Net Margin
10.4%
ROE
22.5%
Total Assets
$51.7B
EPS (Diluted)
$2.02
Operating Cash Flow
$6.2B
Source: XBRL data from Carnival FY2025 10-K filing on SEC EDGAR. All figures in USD.
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