Invesaro

Stocks Comparison

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

Carnival brought in $26.6B of revenue in fiscal 2025, Tidewater $1.4B in fiscal 2025. Revenue changed by +6.4% at Carnival and +0.5% at Tidewater on the year before, so Carnival grew faster. Carnival kept 10.4% of its revenue as net profit, Tidewater 24.7%. Free cash flow was $2.6B at Carnival and $353.3M at Tidewater.

Side by side, latest fiscal year

CCLTDW
Fiscal year endedFY2025 (November 30, 2025)FY2025 (December 31, 2025)
Revenue$26.6B$1.4B
Revenue growth+6.4%+0.5%
Net income$2.8B$334.7M
Net margin10.4%24.7%
Free cash flow$2.6B$353.3M
Free cash flow margin9.8%26.1%
Earnings per share (diluted)$2.02$6.64
Cash$1.9B$578.8M
Debt$27.4B$670.1M
Price to earnings11.012.5
Market value$30.3B$4.1B
Dividend yieldn/an/a
Rank by revenue in sector#44 of 1065 · Consumer discretionary#435 of 1065 · 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: $26.6BTDW FY2018: $406.5MTDW FY2019: $486.5MTDW FY2020: $397MTDW FY2021: $371MTDW FY2022: $647.7MTDW FY2023: $1BTDW FY2024: $1.3BTDW FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
CCL $26.6BTDW $1.4B
Net income
CCL FY2018: $3.2BCCL FY2019: $3BCCL FY2020: -$10.2BCCL FY2021: -$9.5BCCL FY2022: -$6.1BCCL FY2023: -$74MCCL FY2024: $1.9BCCL FY2025: $2.8BTDW FY2018: -$171.5MTDW FY2019: -$141.7MTDW FY2020: -$196.2MTDW FY2021: -$129MTDW FY2022: -$21.7MTDW FY2023: $97.2MTDW FY2024: $180.7MTDW FY2025: $334.7MFY18FY19FY20FY21FY22FY23FY24FY25
CCL $2.8BTDW $334.7M
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%TDW FY2018: -42.2%TDW FY2019: -29.1%TDW FY2020: -49.4%TDW FY2021: -34.8%TDW FY2022: -3.4%TDW FY2023: 9.6%TDW FY2024: 13.4%TDW FY2025: 24.7%FY18FY19FY20FY21FY22FY23FY24FY25
CCL 10.4%TDW 24.7%
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%TDW FY2019: +19.7%TDW FY2020: -18.4%TDW FY2021: -6.5%TDW FY2022: +74.6%TDW FY2023: +55.9%TDW FY2024: +33.3%TDW FY2025: +0.5%FY19FY20FY21FY22FY23FY24FY25
CCL +6.4%TDW +0.5%
Free cash flow
CCL FY2018: $1.8BCCL FY2019: $46MCCL FY2020: -$9.9BCCL FY2021: -$7.7BCCL FY2022: -$6.6BCCL FY2023: $997MCCL FY2024: $1.3BCCL FY2025: $2.6BTDW FY2018: -$17.5MTDW FY2019: -$49.4MTDW FY2020: -$10.9MTDW FY2021: $6.1MTDW FY2022: $23.6MTDW FY2023: $72.6MTDW FY2024: $254.9MTDW FY2025: $353.3MFY18FY19FY20FY21FY22FY23FY24FY25
CCL $2.6BTDW $353.3M

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

Questions about Carnival and Tidewater

Which is bigger by revenue, Carnival or Tidewater?

Carnival is bigger by revenue: $26.6B in fiscal 2025, against $1.4B for Tidewater in fiscal 2025.

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

Carnival had a net margin of 10.4% in fiscal 2025; Tidewater had 24.7% in fiscal 2025.

Which grew revenue faster, Carnival or Tidewater?

In their latest fiscal years revenue changed by +6.4% at Carnival and +0.5% at Tidewater.

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.

More comparisons

Compare more companies