Carnival Corporation (CCL) — Free Cash Flow Generation Index
Carnival Corporation (CCL) has a Free Cash Flow Generation Index of 0.55x as of February 2026. Free cash flow of $697.00 Million represents 1% of operating cash flow ($1.26 Billion). See working capital to net assets of Carnival Corporation to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Carnival Corporation Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for Carnival Corporation across 32 annual periods. Explore CCL operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Carnival Corporation (1991–2025)
Year-by-year Free Cash Flow Generation Index for Carnival Corporation. For the full company profile including market capitalisation, see Carnival Corporation (CCL) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.42x | $2.61 Billion | $6.22 Billion | $3.61 Billion | ▲ +91.5% |
| 2024 | 0.22x | $1.30 Billion | $5.92 Billion | $4.63 Billion | ▼ -6.0% |
| 2023 | 0.23x | $997.00 Million | $4.28 Billion | $3.28 Billion | ▲ +2671.9% |
| 2019 | 0.01x | $46.00 Million | $5.47 Billion | $5.43 Billion | ▼ -97.4% |
| 2018 | 0.32x | $1.80 Billion | $5.55 Billion | $3.75 Billion | ▼ -27.4% |
| 2017 | 0.45x | $2.38 Billion | $5.32 Billion | $2.94 Billion | ▲ +10.7% |
| 2016 | 0.40x | $2.07 Billion | $5.13 Billion | $3.06 Billion | ▼ -18.5% |
| 2015 | 0.50x | $2.25 Billion | $4.54 Billion | $2.29 Billion | ▲ +100.6% |
| 2014 | 0.25x | $847.00 Million | $3.43 Billion | $2.58 Billion | ▲ +2.2% |
| 2013 | 0.24x | $685.00 Million | $2.83 Billion | $2.15 Billion | ▲ +8.7% |
| 2012 | 0.22x | $667.00 Million | $3.00 Billion | $2.33 Billion | ▼ -21.7% |
| 2011 | 0.28x | $1.07 Billion | $3.77 Billion | $2.70 Billion | ▲ +353.9% |
| 2010 | 0.06x | $239.00 Million | $3.82 Billion | $3.58 Billion | ▲ +650.5% |
| 2009 | -0.01x | $-38.00 Million | $3.34 Billion | $3.38 Billion | ▼ -201.5% |
| 2008 | 0.01x | $38.00 Million | $3.39 Billion | $3.35 Billion | ▼ -94.0% |
| 2007 | 0.19x | $757.00 Million | $4.07 Billion | $3.31 Billion | ▼ -41.4% |
| 2006 | 0.32x | $1.15 Billion | $3.63 Billion | $2.48 Billion | ▼ -24.5% |
| 2005 | 0.42x | $1.43 Billion | $3.41 Billion | $1.98 Billion | ▲ +465.3% |
| 2004 | -0.12x | $-370.00 Million | $3.22 Billion | $3.59 Billion | ▲ +61.9% |
| 2003 | -0.30x | $-583.00 Million | $1.93 Billion | $2.52 Billion | ▲ +14.4% |
| 2002 | -0.35x | $-517.45 Million | $1.47 Billion | $1.99 Billion | ▼ -205.8% |
| 2001 | 0.33x | $412.37 Million | $1.24 Billion | $826.57 Million | ▲ +89.4% |
| 2000 | 0.18x | $224.84 Million | $1.28 Billion | $1.05 Billion | ▼ -48.8% |
| 1999 | 0.34x | $456.74 Million | $1.33 Billion | $872.98 Million | ▲ +740.3% |
| 1998 | -0.05x | $-58.57 Million | $1.09 Billion | $1.15 Billion | ▼ -112.4% |
| 1997 | 0.43x | $379.92 Million | $877.58 Million | $497.66 Million | ▲ +300.2% |
| 1996 | -0.22x | $-160.38 Million | $741.52 Million | $901.90 Million | ▼ -222.9% |
| 1995 | 0.18x | $103.31 Million | $587.21 Million | $483.90 Million | ▲ +263.9% |
| 1994 | -0.11x | $-57.65 Million | $537.14 Million | $594.79 Million | ▲ +77.9% |
| 1993 | -0.49x | $-233.00 Million | $479.80 Million | $712.80 Million | ▼ -170.0% |
| 1992 | 0.69x | $273.50 Million | $394.30 Million | $120.80 Million | ▲ +4.9% |
| 1991 | 0.66x | $227.70 Million | $344.40 Million | $116.70 Million | — |