Carnival Corporation (CCL) — Cash Flow Quality Index
Carnival Corporation (CCL) has a Cash Flow Quality Index of 4.80x as of February 2026. Operating cash flow of $1.26 Billion exceeds net income of $263.00 Million, indicating high earnings quality where cash backs reported profits. Explore CCL operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Carnival Corporation Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for Carnival Corporation across 31 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see CCL cash generation efficiency.
Annual Cash Flow Quality Index for Carnival Corporation (1991–2025)
Year-by-year earnings quality comparison for Carnival Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.25x | $6.22 Billion | $2.76 Billion | ▼ -27.1% |
| 2024 | 3.09x | $5.92 Billion | $1.92 Billion | ▲ +68.8% |
| 2019 | 1.83x | $5.47 Billion | $2.99 Billion | ▲ +4.0% |
| 2018 | 1.76x | $5.55 Billion | $3.15 Billion | ▼ -13.8% |
| 2017 | 2.04x | $5.32 Billion | $2.61 Billion | ▲ +10.5% |
| 2016 | 1.85x | $5.13 Billion | $2.78 Billion | ▼ -28.6% |
| 2015 | 2.59x | $4.54 Billion | $1.76 Billion | ▼ -6.8% |
| 2014 | 2.78x | $3.43 Billion | $1.24 Billion | ▲ +5.6% |
| 2013 | 2.63x | $2.83 Billion | $1.08 Billion | ▲ +13.8% |
| 2012 | 2.31x | $3.00 Billion | $1.30 Billion | ▲ +17.3% |
| 2011 | 1.97x | $3.77 Billion | $1.91 Billion | ▲ +2.0% |
| 2010 | 1.93x | $3.82 Billion | $1.98 Billion | ▲ +3.4% |
| 2009 | 1.87x | $3.34 Billion | $1.79 Billion | ▲ +28.3% |
| 2008 | 1.46x | $3.39 Billion | $2.33 Billion | ▼ -13.9% |
| 2007 | 1.69x | $4.07 Billion | $2.41 Billion | ▲ +6.0% |
| 2006 | 1.59x | $3.63 Billion | $2.28 Billion | ▲ +5.5% |
| 2005 | 1.51x | $3.41 Billion | $2.26 Billion | ▼ -12.9% |
| 2004 | 1.73x | $3.22 Billion | $1.85 Billion | ▲ +7.1% |
| 2003 | 1.62x | $1.93 Billion | $1.19 Billion | ▲ +12.0% |
| 2002 | 1.45x | $1.47 Billion | $1.02 Billion | ▲ +8.1% |
| 2001 | 1.34x | $1.24 Billion | $926.20 Million | ▲ +0.9% |
| 2000 | 1.33x | $1.28 Billion | $965.46 Million | ▲ +2.4% |
| 1999 | 1.29x | $1.33 Billion | $1.03 Billion | ▼ -0.9% |
| 1998 | 1.31x | $1.09 Billion | $835.88 Million | ▼ -0.9% |
| 1997 | 1.32x | $877.58 Million | $666.05 Million | ▲ +0.6% |
| 1996 | 1.31x | $741.52 Million | $566.30 Million | ▲ +0.6% |
| 1995 | 1.30x | $587.21 Million | $451.09 Million | ▼ -7.5% |
| 1994 | 1.41x | $537.14 Million | $381.76 Million | ▼ -6.7% |
| 1993 | 1.51x | $479.80 Million | $318.20 Million | ▲ +5.8% |
| 1992 | 1.43x | $394.30 Million | $276.60 Million | ▼ -64.8% |
| 1991 | 4.05x | $344.40 Million | $85.00 Million | — |