vs
Side-by-side financial comparison of Carnival (CCL) and Danaher Corporation (DHR). Click either name above to swap in a different company.
Carnival is the larger business by last-quarter revenue ($6.3B vs $6.0B, roughly 1.1× Danaher Corporation). Danaher Corporation runs the higher net margin — 17.3% vs 6.6%, a 10.6% gap on every dollar of revenue. On growth, Carnival posted the faster year-over-year revenue change (6.6% vs 3.7%). Over the past eight quarters, Carnival's revenue compounded faster (8.2% CAGR vs 1.8%).
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.
Danaher CorporationDHREarnings & Financial Report
Danaher Corporation is an American healthcare company headquartered in Washington, D.C.. It develops products used for advances in biotechnology, life sciences, and diagnostics. The company operates three divisions: biotechnology, which develops products for the development of therapeutics; life sciences, which develops products to identify causes of disease, new therapies, and to test and manufacture new drugs, vaccines and gene editing technologies; and diagnostics, which develops instruments,...
CCL vs DHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.3B | $6.0B |
| Net Profit | $421.0M | $1.0B |
| Gross Margin | — | 60.3% |
| Operating Margin | 11.6% | 22.6% |
| Net Margin | 6.6% | 17.3% |
| Revenue YoY | 6.6% | 3.7% |
| Net Profit YoY | 38.9% | 7.9% |
| EPS (diluted) | $0.33 | $1.45 |
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.
| Q1 26 | — | $6.0B | ||
| Q4 25 | $6.3B | $6.8B | ||
| Q3 25 | $8.2B | $6.1B | ||
| Q2 25 | $6.3B | $5.9B | ||
| Q1 25 | $5.8B | $5.7B | ||
| Q4 24 | $5.9B | $6.5B | ||
| Q3 24 | $7.9B | $5.8B | ||
| Q2 24 | $5.8B | $5.7B |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $421.0M | $1.2B | ||
| Q3 25 | $1.9B | $908.0M | ||
| Q2 25 | $565.0M | $555.0M | ||
| Q1 25 | $-78.0M | $954.0M | ||
| Q4 24 | $303.0M | $1.1B | ||
| Q3 24 | $1.7B | $818.0M | ||
| Q2 24 | $92.0M | $907.0M |
| Q1 26 | — | 60.3% | ||
| Q4 25 | — | 58.0% | ||
| Q3 25 | 46.2% | 58.2% | ||
| Q2 25 | 38.6% | 59.3% | ||
| Q1 25 | 35.2% | 61.2% | ||
| Q4 24 | 35.5% | 59.5% | ||
| Q3 24 | 45.5% | 58.7% | ||
| Q2 24 | 34.3% | 59.7% |
| Q1 26 | — | 22.6% | ||
| Q4 25 | 11.6% | 22.0% | ||
| Q3 25 | 27.9% | 19.1% | ||
| Q2 25 | 14.8% | 12.8% | ||
| Q1 25 | 9.3% | 22.2% | ||
| Q4 24 | 9.4% | 21.8% | ||
| Q3 24 | 27.6% | 16.5% | ||
| Q2 24 | 9.7% | 20.3% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 6.6% | 17.5% | ||
| Q3 25 | 22.7% | 15.0% | ||
| Q2 25 | 8.9% | 9.3% | ||
| Q1 25 | -1.3% | 16.6% | ||
| Q4 24 | 5.1% | 16.6% | ||
| Q3 24 | 22.0% | 14.1% | ||
| Q2 24 | 1.6% | 15.8% |
| Q1 26 | — | $1.45 | ||
| Q4 25 | $0.33 | $1.69 | ||
| Q3 25 | $1.33 | $1.27 | ||
| Q2 25 | $0.42 | $0.77 | ||
| Q1 25 | $-0.06 | $1.32 | ||
| Q4 24 | $0.28 | $1.50 | ||
| Q3 24 | $1.26 | $1.12 | ||
| Q2 24 | $0.07 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | — |
| Total DebtLower is stronger | $27.4B | — |
| Stockholders' EquityBook value | $12.3B | — |
| Total Assets | $51.7B | — |
| Debt / EquityLower = less leverage | 2.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $833.0M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $27.4B | $18.4B | ||
| Q3 25 | $27.2B | $16.9B | ||
| Q2 25 | $28.0B | $17.4B | ||
| Q1 25 | $27.7B | $16.5B | ||
| Q4 24 | $28.2B | $16.0B | ||
| Q3 24 | $29.6B | $17.5B | ||
| Q2 24 | $30.2B | $17.0B |
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $52.5B | ||
| Q3 25 | $11.9B | $51.1B | ||
| Q2 25 | $10.0B | $52.3B | ||
| Q1 25 | $9.2B | $50.8B | ||
| Q4 24 | $9.3B | $49.5B | ||
| Q3 24 | $8.6B | $51.3B | ||
| Q2 24 | $6.8B | $49.9B |
| Q1 26 | — | — | ||
| Q4 25 | $51.7B | $83.5B | ||
| Q3 25 | $50.8B | $79.9B | ||
| Q2 25 | $51.2B | $81.6B | ||
| Q1 25 | $48.5B | $79.1B | ||
| Q4 24 | $49.1B | $77.5B | ||
| Q3 24 | $49.8B | $80.6B | ||
| Q2 24 | $49.6B | $78.6B |
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | 0.35× | ||
| Q3 25 | 2.28× | 0.33× | ||
| Q2 25 | 2.79× | 0.33× | ||
| Q1 25 | 3.02× | 0.32× | ||
| Q4 24 | 3.05× | 0.32× | ||
| Q3 24 | 3.45× | 0.34× | ||
| Q2 24 | 4.43× | 0.34× |
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 | $1.5B | $1.3B |
| Free Cash FlowOCF − Capex | $12.0M | — |
| FCF MarginFCF / Revenue | 0.2% | — |
| Capex IntensityCapex / Revenue | 23.8% | 4.0% |
| Cash ConversionOCF / Net Profit | 3.61× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $925.0M | $1.3B | ||
| Q4 24 | $911.0M | $2.0B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $2.0B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $12.0M | $1.7B | ||
| Q3 25 | $736.0M | $1.4B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $318.0M | $1.1B | ||
| Q4 24 | $319.0M | $1.5B | ||
| Q3 24 | $628.0M | $1.2B | ||
| Q2 24 | $720.0M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 25.5% | ||
| Q3 25 | 9.0% | 22.6% | ||
| Q2 25 | 24.4% | 18.4% | ||
| Q1 25 | 5.5% | 18.4% | ||
| Q4 24 | 5.4% | 23.0% | ||
| Q3 24 | 8.0% | 21.0% | ||
| Q2 24 | 12.5% | 19.7% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 23.8% | 5.4% | ||
| Q3 25 | 7.9% | 4.8% | ||
| Q2 25 | 13.4% | 4.2% | ||
| Q1 25 | 10.4% | 4.3% | ||
| Q4 24 | 10.0% | 7.9% | ||
| Q3 24 | 7.3% | 5.1% | ||
| Q2 24 | 22.8% | 5.0% |
| Q1 26 | — | 1.28× | ||
| Q4 25 | 3.61× | 1.77× | ||
| Q3 25 | 0.75× | 1.83× | ||
| Q2 25 | 4.23× | 2.41× | ||
| Q1 25 | — | 1.36× | ||
| Q4 24 | 3.01× | 1.86× | ||
| Q3 24 | 0.69× | 1.85× | ||
| Q2 24 | 22.16× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
DHR
Segment breakdown not available.
