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Side-by-side financial comparison of Amgen (AMGN) and Carnival (CCL). Click either name above to swap in a different company.

Amgen is the larger business by last-quarter revenue ($8.6B vs $6.3B, roughly 1.4× Carnival). Amgen runs the higher net margin — 21.1% vs 6.6%, a 14.5% gap on every dollar of revenue. On growth, Carnival posted the faster year-over-year revenue change (6.6% vs 5.8%). Carnival produced more free cash flow last quarter ($12.0M vs $1.5M). Over the past eight quarters, Carnival's revenue compounded faster (8.2% CAGR vs 1.4%).

Amgen Inc. is an American multinational biopharmaceutical company headquartered in Thousand Oaks, California. The company is ranked 18th on the list of largest biomedical companies by revenue. The name "AMGen" is a portmanteau of the company's original name, Applied Molecular Genetics.

Carnival is the world's largest leisure travel group specializing in cruise operations. It owns multiple globally recognized cruise brands, serving millions of passengers yearly, offering all-inclusive vacation experiences covering accommodation, catering, entertainment, and shore excursions across global popular destinations.

AMGN vs CCL — Head-to-Head

Bigger by revenue
AMGN
AMGN
1.4× larger
AMGN
$8.6B
$6.3B
CCL
Growing faster (revenue YoY)
CCL
CCL
+0.9% gap
CCL
6.6%
5.8%
AMGN
Higher net margin
AMGN
AMGN
14.5% more per $
AMGN
21.1%
6.6%
CCL
More free cash flow
CCL
CCL
$10.5M more FCF
CCL
$12.0M
$1.5M
AMGN
Faster 2-yr revenue CAGR
CCL
CCL
Annualised
CCL
8.2%
1.4%
AMGN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AMGN
AMGN
CCL
CCL
Revenue
$8.6B
$6.3B
Net Profit
$1.8B
$421.0M
Gross Margin
68.2%
Operating Margin
30.9%
11.6%
Net Margin
21.1%
6.6%
Revenue YoY
5.8%
6.6%
Net Profit YoY
38.9%
EPS (diluted)
$3.34
$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMGN
AMGN
CCL
CCL
Q1 26
$8.6B
Q4 25
$9.9B
$6.3B
Q3 25
$9.6B
$8.2B
Q2 25
$9.2B
$6.3B
Q1 25
$8.1B
$5.8B
Q4 24
$9.1B
$5.9B
Q3 24
$8.5B
$7.9B
Q2 24
$8.4B
$5.8B
Net Profit
AMGN
AMGN
CCL
CCL
Q1 26
$1.8B
Q4 25
$1.3B
$421.0M
Q3 25
$3.2B
$1.9B
Q2 25
$1.4B
$565.0M
Q1 25
$1.7B
$-78.0M
Q4 24
$627.0M
$303.0M
Q3 24
$2.8B
$1.7B
Q2 24
$746.0M
$92.0M
Gross Margin
AMGN
AMGN
CCL
CCL
Q1 26
68.2%
Q4 25
69.8%
Q3 25
67.8%
46.2%
Q2 25
67.2%
38.6%
Q1 25
63.6%
35.2%
Q4 24
65.7%
35.5%
Q3 24
61.1%
45.5%
Q2 24
61.4%
34.3%
Operating Margin
AMGN
AMGN
CCL
CCL
Q1 26
30.9%
Q4 25
27.6%
11.6%
Q3 25
26.4%
27.9%
Q2 25
28.9%
14.8%
Q1 25
14.5%
9.3%
Q4 24
25.4%
9.4%
Q3 24
24.1%
27.6%
Q2 24
22.8%
9.7%
Net Margin
AMGN
AMGN
CCL
CCL
Q1 26
21.1%
Q4 25
13.5%
6.6%
Q3 25
33.7%
22.7%
Q2 25
15.6%
8.9%
Q1 25
21.2%
-1.3%
Q4 24
6.9%
5.1%
Q3 24
33.3%
22.0%
Q2 24
8.9%
1.6%
EPS (diluted)
AMGN
AMGN
CCL
CCL
Q1 26
$3.34
Q4 25
$2.45
$0.33
Q3 25
$5.93
$1.33
Q2 25
$2.65
$0.42
Q1 25
$3.20
$-0.06
Q4 24
$1.17
$0.28
Q3 24
$5.22
$1.26
Q2 24
$1.38
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMGN
AMGN
CCL
CCL
Cash + ST InvestmentsLiquidity on hand
$12.0M
$1.9B
Total DebtLower is stronger
$57.3B
$27.4B
Stockholders' EquityBook value
$9.2B
$12.3B
Total Assets
$92.5B
$51.7B
Debt / EquityLower = less leverage
6.24×
2.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMGN
AMGN
CCL
CCL
Q1 26
$12.0M
Q4 25
$9.1B
$1.9B
Q3 25
$9.4B
$1.8B
Q2 25
$8.0B
$2.1B
Q1 25
$8.8B
$833.0M
Q4 24
$12.0B
$1.2B
Q3 24
$9.0B
$1.5B
Q2 24
$9.3B
$1.6B
Total Debt
AMGN
AMGN
CCL
CCL
Q1 26
$57.3B
Q4 25
$54.6B
$27.4B
Q3 25
$54.6B
$27.2B
Q2 25
$56.2B
$28.0B
Q1 25
$57.4B
$27.7B
Q4 24
$60.1B
$28.2B
Q3 24
$60.4B
$29.6B
Q2 24
$62.6B
$30.2B
Stockholders' Equity
AMGN
AMGN
CCL
CCL
Q1 26
$9.2B
Q4 25
$8.7B
$12.3B
Q3 25
$9.6B
$11.9B
Q2 25
$7.4B
$10.0B
Q1 25
$6.2B
$9.2B
Q4 24
$5.9B
$9.3B
Q3 24
$7.5B
$8.6B
Q2 24
$5.9B
$6.8B
Total Assets
AMGN
AMGN
CCL
CCL
Q1 26
$92.5B
Q4 25
$90.6B
$51.7B
Q3 25
$90.1B
$50.8B
Q2 25
$87.9B
$51.2B
Q1 25
$89.4B
$48.5B
Q4 24
$91.8B
$49.1B
Q3 24
$90.9B
$49.8B
Q2 24
$90.9B
$49.6B
Debt / Equity
AMGN
AMGN
CCL
CCL
Q1 26
6.24×
Q4 25
6.31×
2.23×
Q3 25
5.67×
2.28×
Q2 25
7.57×
2.79×
Q1 25
9.24×
3.02×
Q4 24
10.23×
3.05×
Q3 24
8.02×
3.45×
Q2 24
10.57×
4.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMGN
AMGN
CCL
CCL
Operating Cash FlowLast quarter
$2.2B
$1.5B
Free Cash FlowOCF − Capex
$1.5M
$12.0M
FCF MarginFCF / Revenue
0.0%
0.2%
Capex IntensityCapex / Revenue
0.0%
23.8%
Cash ConversionOCF / Net Profit
1.20×
3.61×
TTM Free Cash FlowTrailing 4 quarters
$7.1B
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMGN
AMGN
CCL
CCL
Q1 26
$2.2B
Q4 25
$1.6B
$1.5B
Q3 25
$4.7B
$1.4B
Q2 25
$2.3B
$2.4B
Q1 25
$1.4B
$925.0M
Q4 24
$4.8B
$911.0M
Q3 24
$3.6B
$1.2B
Q2 24
$2.5B
$2.0B
Free Cash Flow
AMGN
AMGN
CCL
CCL
Q1 26
$1.5M
Q4 25
$961.0M
$12.0M
Q3 25
$4.2B
$736.0M
Q2 25
$1.9B
$1.5B
Q1 25
$980.0M
$318.0M
Q4 24
$4.4B
$319.0M
Q3 24
$3.3B
$628.0M
Q2 24
$2.2B
$720.0M
FCF Margin
AMGN
AMGN
CCL
CCL
Q1 26
0.0%
Q4 25
9.7%
0.2%
Q3 25
44.4%
9.0%
Q2 25
20.8%
24.4%
Q1 25
12.0%
5.5%
Q4 24
48.4%
5.4%
Q3 24
39.0%
8.0%
Q2 24
26.5%
12.5%
Capex Intensity
AMGN
AMGN
CCL
CCL
Q1 26
0.0%
Q4 25
6.5%
23.8%
Q3 25
4.6%
7.9%
Q2 25
4.0%
13.4%
Q1 25
5.0%
10.4%
Q4 24
4.1%
10.0%
Q3 24
3.0%
7.3%
Q2 24
2.8%
22.8%
Cash Conversion
AMGN
AMGN
CCL
CCL
Q1 26
1.20×
Q4 25
1.20×
3.61×
Q3 25
1.46×
0.75×
Q2 25
1.59×
4.23×
Q1 25
0.80×
Q4 24
7.61×
3.01×
Q3 24
1.26×
0.69×
Q2 24
3.30×
22.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMGN
AMGN

Product sales$8.2B95%
Other revenues$400.0M5%

CCL
CCL

Cruise Passenger Ticket$4.1B64%
Other$2.2B34%
Cruise$90.0M1%
Tour And Other$29.0M0%

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