Carnival Corporation (CCL) — Cash Flow Reinvestment Rate
Carnival Corporation (CCL) has a Cash Flow Reinvestment Rate of 0.45x as of February 2026, reinvesting $566.00 Million (capex $566.00 Million ) from operating cash flow of $1.26 Billion. See Carnival Corporation (CCL) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Carnival Corporation Cash Flow Reinvestment Rate (1991–2025)
Historical reinvestment intensity for Carnival Corporation across 32 annual periods. For the full cash flow conversion analysis, see CCL cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Carnival Corporation (1991–2025)
Year-by-year capital reinvestment analysis for Carnival Corporation. See financial agility of Carnival Corporation to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.58x | $3.61 Billion | $6.22 Billion | $3.61 Billion | ▼ -62.5% |
| 2024 | 1.55x | $9.16 Billion | $5.92 Billion | $4.63 Billion | ▼ -4.1% |
| 2023 | 1.61x | $6.91 Billion | $4.28 Billion | $3.28 Billion | ▼ -17.5% |
| 2019 | 1.96x | $10.71 Billion | $5.47 Billion | $5.43 Billion | ▲ +186.4% |
| 2018 | 0.68x | $3.79 Billion | $5.55 Billion | $3.75 Billion | ▲ +15.4% |
| 2017 | 0.59x | $3.15 Billion | $5.32 Billion | $2.94 Billion | ▼ -52.5% |
| 2016 | 1.24x | $6.38 Billion | $5.13 Billion | $3.06 Billion | ▲ +124.9% |
| 2015 | 0.55x | $2.51 Billion | $4.54 Billion | $2.29 Billion | ▼ -26.6% |
| 2014 | 0.75x | $2.58 Billion | $3.43 Billion | $2.58 Billion | ▼ -0.6% |
| 2013 | 0.76x | $2.15 Billion | $2.83 Billion | $2.15 Billion | ▼ -2.5% |
| 2012 | 0.78x | $2.33 Billion | $3.00 Billion | $2.33 Billion | ▲ +8.6% |
| 2011 | 0.72x | $2.70 Billion | $3.77 Billion | $2.70 Billion | ▼ -23.6% |
| 2010 | 0.94x | $3.58 Billion | $3.82 Billion | $3.58 Billion | ▼ -7.3% |
| 2009 | 1.01x | $3.38 Billion | $3.34 Billion | $3.38 Billion | ▲ +2.3% |
| 2008 | 0.99x | $3.35 Billion | $3.39 Billion | $3.35 Billion | ▲ +21.5% |
| 2007 | 0.81x | $3.31 Billion | $4.07 Billion | $3.31 Billion | ▲ +19.2% |
| 2006 | 0.68x | $2.48 Billion | $3.63 Billion | $2.48 Billion | ▲ +17.7% |
| 2005 | 0.58x | $1.98 Billion | $3.41 Billion | $1.98 Billion | ▼ -48.0% |
| 2004 | 1.12x | $3.59 Billion | $3.22 Billion | $3.59 Billion | ▼ -14.3% |
| 2003 | 1.30x | $2.52 Billion | $1.93 Billion | $2.52 Billion | ▼ -3.7% |
| 2002 | 1.35x | $1.99 Billion | $1.47 Billion | $1.99 Billion | ▲ +102.7% |
| 2001 | 0.67x | $826.57 Million | $1.24 Billion | $826.57 Million | ▼ -19.1% |
| 2000 | 0.82x | $1.05 Billion | $1.28 Billion | $1.05 Billion | ▲ +25.6% |
| 1999 | 0.66x | $872.98 Million | $1.33 Billion | $872.98 Million | ▼ -37.7% |
| 1998 | 1.05x | $1.15 Billion | $1.09 Billion | $1.15 Billion | ▲ +85.8% |
| 1997 | 0.57x | $497.66 Million | $877.58 Million | $497.66 Million | ▼ -53.4% |
| 1996 | 1.22x | $901.90 Million | $741.52 Million | $901.90 Million | ▲ +47.6% |
| 1995 | 0.82x | $483.90 Million | $587.21 Million | $483.90 Million | ▼ -25.6% |
| 1994 | 1.11x | $594.79 Million | $537.14 Million | $594.79 Million | ▼ -25.5% |
| 1993 | 1.49x | $712.80 Million | $479.80 Million | $712.80 Million | ▲ +384.9% |
| 1992 | 0.31x | $120.80 Million | $394.30 Million | $120.80 Million | ▼ -9.6% |
| 1991 | 0.34x | $116.70 Million | $344.40 Million | $116.70 Million | — |