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CCLCarnival Corporation & plc

FCF Payout Ratio: 12.94%

popular:market cap|pe ratio|revenue|price history|total return

Is the FCF payout ratio high or low?

The FCF payout ratio of 12.94% is 30% above its 1-year average of 9.95%, near the high end of its 1-year range (6.97%–12.94%).

30.00% above its 12-month average of 9.95%.

Dividends Overview|Dividends per Share|Dividends CAGR|Payout Ratio|Dividend Yield
FCF Payout Ratio

CCL FCF Payout Ratio

12.94%

Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.

-73.49% 5Y
CCL FCF Payout Ratio

CCL Average FCF Payout Ratio Chart

CCL FCF Payout Ratio

CCL Current vs Average FCF Payout Ratio Chart

CCL FCF Payout Ratio Metrics

FCF PAYOUT RATIO

12.94%

FCF PAYOUT RATIO AVG TTM

9.95%

FCF PAYOUT RATIO AVG 3Y

9.95%

FCF PAYOUT RATIO AVG 5Y

9.95%

FCF PAYOUT RATIO AVG 10Y

44.52%

FCF PAYOUT RATIO AVG 15Y

83.21%

FCF PAYOUT RATIO AVG 20Y

83.92%

CURRENT VS TTM AVG

+30.00%

CURRENT VS 3Y AVG

+30.00%

CURRENT VS 5Y AVG

+30.00%

CURRENT VS 10Y AVG

-70.94%

CURRENT VS 15Y AVG

-84.45%

CURRENT VS 20Y AVG

-84.58%

Payout Ratio Comparison

FCF Payout Ratio TTM

12.9%

Earnings Payout Ratio

7.1%

Dividend Yield

0.52%

FCF Yield

7.93%

Annual FCF Payout Ratio History

YearFree Cash FlowDividends PaidFCF Payout Ratio
2025$2.61B$00.0%
2024$1.30B$00.0%
2023$997.00M$00.0%
2022($6.61B)$0N/A (Loss)
2021($7.72B)$0N/A (Loss)
2020($9.92B)$689.00MN/A (Loss)
2019$46.00M$1.39Bn/m
2018$1.80B$1.35B75.3%
2017$2.38B$1.09B45.7%
2016$2.07B$977.00M47.2%
2015$2.25B$816.00M36.3%
2014$847.00M$776.00M91.6%
2013$685.00M$1.16B169.9%
2012$667.00M$779.00M116.8%
2011$1.07B$671.00M62.7%
2010$239.00M$237.00M99.2%
2009($38.00M)$314.00MN/A (Loss)
2008$38.00M$1.26Bn/m
2007$757.00M$990.00M130.8%
2006$1.15B$803.00M69.6%
2005$1.43B$566.00M39.5%
2004($370.00M)$400.00MN/A (Loss)
2003($583.00M)$292.00MN/A (Loss)
2002($517.45M)$246.32MN/A (Loss)
2001$412.37M$245.84M59.6%
2000$224.84M$254.33M113.1%
1999$456.74M$219.18M48.0%
1998($58.57M)$178.46MN/A (Loss)
1997$379.92M$130.46M34.3%
1996($160.38M)$103.88MN/A (Loss)

Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100

FCF payout and earnings payout:

  • FCF represents operating cash flow after capital expenditures
  • FCF payout compares dividends paid with free cash flow
  • FCF payout above 100% means dividends paid exceeded free cash flow for the period
  • Earnings payout compares dividends paid with net income

Reading the series: Use the chart and table to compare dividend payments with cash generation over time.

FCF Payout Ratio Formula & Definition

FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

FCF Payout Ratio FAQ

What is the FCF payout ratio for Carnival Corporation & plc (CCL)?
The FCF payout ratio for CCL stock is 12.94%.
Is Carnival Corporation & plc's FCF payout ratio high or low?
The FCF payout ratio of 12.94% is 30% above its 1-year average of 9.95%, near the high end of its 1-year range (6.97%–12.94%).
What is the TTM average FCF payout ratio for Carnival Corporation & plc (CCL)?
The TTM average FCF payout ratio for CCL stock is 9.95%.
What is the 3Y average FCF payout ratio for Carnival Corporation & plc (CCL)?
The 3Y average FCF payout ratio for CCL stock is 9.95%.
What is the 5Y average FCF payout ratio for Carnival Corporation & plc (CCL)?
The 5Y average FCF payout ratio for CCL stock is 9.95%.
What is the 10Y average FCF payout ratio for Carnival Corporation & plc (CCL)?
The 10Y average FCF payout ratio for CCL stock is 44.52%.
What is the 15Y average FCF payout ratio for Carnival Corporation & plc (CCL)?
The 15Y average FCF payout ratio for CCL stock is 83.21%.
What is the 20Y average FCF payout ratio for Carnival Corporation & plc (CCL)?
The 20Y average FCF payout ratio for CCL stock is 83.92%.

CCL FCF Payout Ratio History

DATEFCF PAYOUT RATIO
2026-05-3112.94%
2026-02-286.97%
2020-02-29213.10%
2019-08-31125.27%
2019-05-31132.36%
2019-02-28466.22%
2018-11-3075.32%
2018-08-3163.76%
2018-05-3153.91%
2018-02-2849.23%
2017-11-3045.71%
2017-08-3144.24%
2017-05-3143.67%
2017-02-2847.03%
2016-11-3047.15%
2016-08-3145.77%
2016-05-3143.04%
2016-02-2929.55%
2015-11-3036.25%
2015-08-3148.81%
2015-05-3155.11%
2015-02-28140.58%
2014-11-3091.62%
2014-08-3161.88%
2014-05-3184.24%
2014-02-28119.20%
2013-11-30169.93%
2013-08-31129.16%
2013-05-3188.82%
2013-02-28151.56%
2012-11-30116.79%
2012-08-3197.50%
2012-05-31222.16%
2012-02-2988.81%
2011-11-3062.71%
2011-08-3196.34%
2011-05-3154.92%
2011-02-2825.24%
2010-11-3099.16%
2010-05-3176.70%
2009-08-31572.73%
2008-05-31116.40%
2008-02-29119.41%
2007-11-30130.78%
2007-08-3167.83%
2007-05-31117.13%
2007-02-2865.08%
2006-11-3069.64%
2006-08-3183.68%
2006-05-3161.62%
2006-02-2849.77%
2005-11-3039.50%
2005-08-3148.60%
2005-05-3136.14%
2005-02-2895.89%

Related Metrics

Dividends OverviewDividends per ShareDividends CAGRPayout RatioDividend Yield

About Carnival Corporation & plc

Carnival Corporation & plc operates as a prominent global entity in the leisure travel sector. Its extensive fleet of vessels navigates to nearly 700 different ports globally, sailing under a diverse portfolio of acclaimed brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. Beyond its core cruise operations, the company also provides port services and other related offerings. Its holdings include and it manages hotels, lodges, unique glass-domed railcars, and motor coaches. Customers primarily book their cruises through a network of travel agencies, tour operators, vacation planners, and direct online channels. The corporation maintains a broad international presence, with operations spanning the United States, Canada, continental Europe, the United Kingdom, Australia, New Zealand, Asia, and other global markets. It commands a significant fleet of 87 ships, collectively providing capacity for 223,000 passengers in lower berths. Carnival Corporation & plc was established in 1972 and has its headquarters situated in Miami, Florida.

Miami, FL
160,000 employees
www.carnivalcorp.com
Consumer Cyclical / Leisure
Sector
Consumer Cyclical
Industry
Leisure
CEO
Joshua Ian Weinstein
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