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Stocks Comparison

Carnival vs Kirby: revenue, profit, margins and growth compared

Carnival brought in $26.6B of revenue in fiscal 2025, Kirby $3.4B in fiscal 2025. Revenue changed by +6.4% at Carnival and +3.0% at Kirby on the year before, so Carnival grew faster. Carnival kept 10.4% of its revenue as net profit, Kirby 10.5%. Free cash flow was $2.6B at Carnival and $405.7M at Kirby.

Side by side, latest fiscal year

CCLKEX
Fiscal year endedFY2025 (November 30, 2025)FY2025 (December 31, 2025)
Revenue$26.6B$3.4B
Revenue growth+6.4%+3.0%
Net income$2.8B$354.6M
Net margin10.4%10.5%
Free cash flow$2.6B$405.7M
Free cash flow margin9.8%12.1%
Earnings per share (diluted)$2.02$6.33
Cash$1.9B$78.8M
Debt$27.4B$919.3M
Price to earnings11.020.4
Market value$30.5B$6.8B
Dividend yieldn/an/a
Rank by revenue in sector#42 of 778 · Consumer discretionary#271 of 778 · Consumer discretionary

Over the years

Revenue
CCL FY2018: $18.9BCCL FY2019: $20.8BCCL FY2020: $5.6BCCL FY2021: $1.9BCCL FY2022: $12.2BCCL FY2023: $21.6BCCL FY2024: $25BCCL FY2025: $26.6BKEX FY2018: $3BKEX FY2019: $2.8BKEX FY2020: $2.2BKEX FY2021: $2.2BKEX FY2022: $2.8BKEX FY2023: $3.1BKEX FY2024: $3.3BKEX FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
CCL $26.6BKEX $3.4B
Net income
CCL FY2018: $3.2BCCL FY2019: $3BCCL FY2020: -$10.2BCCL FY2021: -$9.5BCCL FY2022: -$6.1BCCL FY2023: -$74MCCL FY2024: $1.9BCCL FY2025: $2.8BKEX FY2018: $78.5MKEX FY2019: $142.3MKEX FY2020: -$272.5MKEX FY2021: -$247MKEX FY2022: $122.3MKEX FY2023: $222.9MKEX FY2024: $286.7MKEX FY2025: $354.6MFY18FY19FY20FY21FY22FY23FY24FY25
CCL $2.8BKEX $354.6M
Net margin
CCL FY2018: 16.7%CCL FY2019: 14.4%CCL FY2020: -182.9%CCL FY2021: -498.0%CCL FY2022: -50.1%CCL FY2023: -0.3%CCL FY2024: 7.7%CCL FY2025: 10.4%KEX FY2018: 2.6%KEX FY2019: 5.0%KEX FY2020: -12.6%KEX FY2021: -11.0%KEX FY2022: 4.4%KEX FY2023: 7.2%KEX FY2024: 8.8%KEX FY2025: 10.5%FY18FY19FY20FY21FY22FY23FY24FY25
CCL 10.4%KEX 10.5%
Revenue growth
CCL FY2019: +10.3%CCL FY2020: -73.1%CCL FY2021: -65.9%CCL FY2022: +537.7%CCL FY2023: +77.5%CCL FY2024: +15.9%CCL FY2025: +6.4%KEX FY2019: -4.5%KEX FY2020: -23.5%KEX FY2021: +3.5%KEX FY2022: +24.0%KEX FY2023: +11.0%KEX FY2024: +5.6%KEX FY2025: +3.0%FY19FY20FY21FY22FY23FY24FY25
CCL +6.4%KEX +3.0%
Free cash flow
CCL FY2018: $1.8BCCL FY2019: $46MCCL FY2020: -$9.9BCCL FY2021: -$7.7BCCL FY2022: -$6.6BCCL FY2023: $997MCCL FY2024: $1.3BCCL FY2025: $2.6BKEX FY2018: $45.1MKEX FY2019: $263.6MKEX FY2020: $296.8MKEX FY2021: $223.6MKEX FY2022: $121.5MKEX FY2023: $138.5MKEX FY2024: $413.8MKEX FY2025: $405.7MFY18FY19FY20FY21FY22FY23FY24FY25
CCL $2.6BKEX $405.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Carnival and Kirby

Which is bigger by revenue, Carnival or Kirby?

Carnival is bigger by revenue: $26.6B in fiscal 2025, against $3.4B for Kirby in fiscal 2025.

Which keeps more of its revenue as profit, Carnival or Kirby?

Carnival had a net margin of 10.4% in fiscal 2025; Kirby had 10.5% in fiscal 2025.

Which grew revenue faster, Carnival or Kirby?

In their latest fiscal years revenue changed by +6.4% at Carnival and +3.0% at Kirby.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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