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Side-by-side financial comparison of Bunge Global (BG) and Carnival (CCL). Click either name above to swap in a different company.
Carnival is the larger business by last-quarter revenue ($6.3B vs $4.9B, roughly 1.3× Bunge Global). Carnival runs the higher net margin — 6.6% vs 1.9%, a 4.7% gap on every dollar of revenue. On growth, Bunge Global posted the faster year-over-year revenue change (22.2% vs 6.6%). Bunge Global produced more free cash flow last quarter ($809.0M vs $12.0M). Over the past eight quarters, Bunge Global's revenue compounded faster (11.3% CAGR vs 8.2%).
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.
CarnivalCCLEarnings & Financial Report
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.
BG vs CCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $6.3B |
| Net Profit | $95.0M | $421.0M |
| Gross Margin | 20.7% | — |
| Operating Margin | 1.8% | 11.6% |
| Net Margin | 1.9% | 6.6% |
| Revenue YoY | 22.2% | 6.6% |
| Net Profit YoY | -84.2% | 38.9% |
| EPS (diluted) | $-0.02 | $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.
| Q4 25 | $4.9B | $6.3B | ||
| Q3 25 | $4.4B | $8.2B | ||
| Q2 25 | $4.0B | $6.3B | ||
| Q1 25 | $3.7B | $5.8B | ||
| Q4 24 | $4.0B | $5.9B | ||
| Q3 24 | $3.9B | $7.9B | ||
| Q2 24 | $3.7B | $5.8B | ||
| Q1 24 | $3.9B | $5.4B |
| Q4 25 | $95.0M | $421.0M | ||
| Q3 25 | $166.0M | $1.9B | ||
| Q2 25 | $354.0M | $565.0M | ||
| Q1 25 | $201.0M | $-78.0M | ||
| Q4 24 | $602.0M | $303.0M | ||
| Q3 24 | $221.0M | $1.7B | ||
| Q2 24 | $70.0M | $92.0M | ||
| Q1 24 | $244.0M | $-214.0M |
| Q4 25 | 20.7% | — | ||
| Q3 25 | 24.3% | 46.2% | ||
| Q2 25 | 18.4% | 38.6% | ||
| Q1 25 | 16.3% | 35.2% | ||
| Q4 24 | 27.0% | 35.5% | ||
| Q3 24 | 19.9% | 45.5% | ||
| Q2 24 | 17.8% | 34.3% | ||
| Q1 24 | 22.2% | 31.5% |
| Q4 25 | 1.8% | 11.6% | ||
| Q3 25 | 6.2% | 27.9% | ||
| Q2 25 | 12.3% | 14.8% | ||
| Q1 25 | 7.8% | 9.3% | ||
| Q4 24 | 18.3% | 9.4% | ||
| Q3 24 | 8.3% | 27.6% | ||
| Q2 24 | 2.8% | 9.7% | ||
| Q1 24 | 9.4% | 5.1% |
| Q4 25 | 1.9% | 6.6% | ||
| Q3 25 | 3.8% | 22.7% | ||
| Q2 25 | 8.8% | 8.9% | ||
| Q1 25 | 5.5% | -1.3% | ||
| Q4 24 | 15.0% | 5.1% | ||
| Q3 24 | 5.7% | 22.0% | ||
| Q2 24 | 1.9% | 1.6% | ||
| Q1 24 | 6.2% | -4.0% |
| Q4 25 | $-0.02 | $0.33 | ||
| Q3 25 | $0.84 | $1.33 | ||
| Q2 25 | $2.61 | $0.42 | ||
| Q1 25 | $1.48 | $-0.06 | ||
| Q4 24 | $4.27 | $0.28 | ||
| Q3 24 | $1.56 | $1.26 | ||
| Q2 24 | $0.48 | $0.07 | ||
| Q1 24 | $1.68 | $-0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.0B | $1.9B |
| Total DebtLower is stronger | $10.2B | $27.4B |
| Stockholders' EquityBook value | $15.9B | $12.3B |
| Total Assets | $44.5B | $51.7B |
| Debt / EquityLower = less leverage | 0.64× | 2.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $7.1B | $2.1B | ||
| Q1 25 | $3.9B | $833.0M | ||
| Q4 24 | $3.8B | $1.2B | ||
| Q3 24 | $3.0B | $1.5B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $3.1B | $2.2B |
| Q4 25 | $10.2B | $27.4B | ||
| Q3 25 | $11.1B | $27.2B | ||
| Q2 25 | $7.7B | $28.0B | ||
| Q1 25 | $5.4B | $27.7B | ||
| Q4 24 | $5.4B | $28.2B | ||
| Q3 24 | $5.4B | $29.6B | ||
| Q2 24 | $4.1B | $30.2B | ||
| Q1 24 | $4.1B | $31.6B |
| Q4 25 | $15.9B | $12.3B | ||
| Q3 25 | $15.8B | $11.9B | ||
| Q2 25 | $10.9B | $10.0B | ||
| Q1 25 | $10.6B | $9.2B | ||
| Q4 24 | $9.9B | $9.3B | ||
| Q3 24 | $10.1B | $8.6B | ||
| Q2 24 | $10.0B | $6.8B | ||
| Q1 24 | $10.6B | $6.7B |
| Q4 25 | $44.5B | $51.7B | ||
| Q3 25 | $46.3B | $50.8B | ||
| Q2 25 | $31.2B | $51.2B | ||
| Q1 25 | $26.7B | $48.5B | ||
| Q4 24 | $24.9B | $49.1B | ||
| Q3 24 | $25.3B | $49.8B | ||
| Q2 24 | $24.4B | $49.6B | ||
| Q1 24 | $25.8B | $49.8B |
| Q4 25 | 0.64× | 2.23× | ||
| Q3 25 | 0.71× | 2.28× | ||
| Q2 25 | 0.71× | 2.79× | ||
| Q1 25 | 0.51× | 3.02× | ||
| Q4 24 | 0.54× | 3.05× | ||
| Q3 24 | 0.54× | 3.45× | ||
| Q2 24 | 0.41× | 4.43× | ||
| Q1 24 | 0.39× | 4.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $1.5B |
| Free Cash FlowOCF − Capex | $809.0M | $12.0M |
| FCF MarginFCF / Revenue | 16.6% | 0.2% |
| Capex IntensityCapex / Revenue | 11.0% | 23.8% |
| Cash ConversionOCF / Net Profit | 14.18× | 3.61× |
| TTM Free Cash FlowTrailing 4 quarters | $-879.0M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $854.0M | $1.4B | ||
| Q2 25 | $-1.1B | $2.4B | ||
| Q1 25 | $-285.0M | $925.0M | ||
| Q4 24 | $1.1B | $911.0M | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $-1.5B | $2.0B | ||
| Q1 24 | $994.0M | $1.8B |
| Q4 25 | $809.0M | $12.0M | ||
| Q3 25 | $385.0M | $736.0M | ||
| Q2 25 | $-1.5B | $1.5B | ||
| Q1 25 | $-595.0M | $318.0M | ||
| Q4 24 | $564.0M | $319.0M | ||
| Q3 24 | $973.0M | $628.0M | ||
| Q2 24 | $-1.8B | $720.0M | ||
| Q1 24 | $758.0M | $-370.0M |
| Q4 25 | 16.6% | 0.2% | ||
| Q3 25 | 8.8% | 9.0% | ||
| Q2 25 | -36.8% | 24.4% | ||
| Q1 25 | -16.2% | 5.5% | ||
| Q4 24 | 14.1% | 5.4% | ||
| Q3 24 | 25.1% | 8.0% | ||
| Q2 24 | -47.4% | 12.5% | ||
| Q1 24 | 19.2% | -6.8% |
| Q4 25 | 11.0% | 23.8% | ||
| Q3 25 | 10.7% | 7.9% | ||
| Q2 25 | 10.1% | 13.4% | ||
| Q1 25 | 8.5% | 10.4% | ||
| Q4 24 | 12.2% | 10.0% | ||
| Q3 24 | 9.1% | 7.3% | ||
| Q2 24 | 8.0% | 22.8% | ||
| Q1 24 | 6.0% | 39.5% |
| Q4 25 | 14.18× | 3.61× | ||
| Q3 25 | 5.14× | 0.75× | ||
| Q2 25 | -3.03× | 4.23× | ||
| Q1 25 | -1.42× | — | ||
| Q4 24 | 1.75× | 3.01× | ||
| Q3 24 | 6.00× | 0.69× | ||
| Q2 24 | -21.06× | 22.16× | ||
| Q1 24 | 4.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BG
| Other Oilseeds Processing And Refining | $4.6B | 95% |
| Other | $251.0M | 5% |
| Other Products | $3.0M | 0% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
