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Side-by-side financial comparison of Carnival (CCL) and Edison International (EIX). Click either name above to swap in a different company.
Carnival is the larger business by last-quarter revenue ($6.3B vs $5.2B, roughly 1.2× Edison International). Edison International runs the higher net margin — 35.4% vs 6.6%, a 28.8% gap on every dollar of revenue. On growth, Edison International posted the faster year-over-year revenue change (30.8% vs 6.6%). Carnival produced more free cash flow last quarter ($12.0M vs $-319.0M). Over the past eight quarters, Edison International's revenue compounded faster (13.1% CAGR vs 8.2%).
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.
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
CCL vs EIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.3B | $5.2B |
| Net Profit | $421.0M | $1.8B |
| Gross Margin | — | — |
| Operating Margin | 11.6% | 52.8% |
| Net Margin | 6.6% | 35.4% |
| Revenue YoY | 6.6% | 30.8% |
| Net Profit YoY | 38.9% | 443.5% |
| EPS (diluted) | $0.33 | $4.78 |
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 | $6.3B | $5.2B | ||
| Q3 25 | $8.2B | $5.8B | ||
| Q2 25 | $6.3B | $4.5B | ||
| Q1 25 | $5.8B | $3.8B | ||
| Q4 24 | $5.9B | $4.0B | ||
| Q3 24 | $7.9B | $5.2B | ||
| Q2 24 | $5.8B | $4.3B | ||
| Q1 24 | $5.4B | $4.1B |
| Q4 25 | $421.0M | $1.8B | ||
| Q3 25 | $1.9B | $832.0M | ||
| Q2 25 | $565.0M | $343.0M | ||
| Q1 25 | $-78.0M | $1.4B | ||
| Q4 24 | $303.0M | $340.0M | ||
| Q3 24 | $1.7B | $516.0M | ||
| Q2 24 | $92.0M | $439.0M | ||
| Q1 24 | $-214.0M | $-11.0M |
| Q4 25 | — | — | ||
| Q3 25 | 46.2% | — | ||
| Q2 25 | 38.6% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 34.3% | — | ||
| Q1 24 | 31.5% | — |
| Q4 25 | 11.6% | 52.8% | ||
| Q3 25 | 27.9% | 24.9% | ||
| Q2 25 | 14.8% | 17.1% | ||
| Q1 25 | 9.3% | 56.0% | ||
| Q4 24 | 9.4% | 19.8% | ||
| Q3 24 | 27.6% | 19.1% | ||
| Q2 24 | 9.7% | 20.8% | ||
| Q1 24 | 5.1% | 6.0% |
| Q4 25 | 6.6% | 35.4% | ||
| Q3 25 | 22.7% | 14.5% | ||
| Q2 25 | 8.9% | 7.6% | ||
| Q1 25 | -1.3% | 37.7% | ||
| Q4 24 | 5.1% | 8.5% | ||
| Q3 24 | 22.0% | 9.9% | ||
| Q2 24 | 1.6% | 10.1% | ||
| Q1 24 | -4.0% | -0.3% |
| Q4 25 | $0.33 | $4.78 | ||
| Q3 25 | $1.33 | $2.16 | ||
| Q2 25 | $0.42 | $0.89 | ||
| Q1 25 | $-0.06 | $3.72 | ||
| Q4 24 | $0.28 | $0.89 | ||
| Q3 24 | $1.26 | $1.32 | ||
| Q2 24 | $0.07 | $1.13 | ||
| Q1 24 | $-0.17 | $-0.03 |
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 | $158.0M |
| Total DebtLower is stronger | $27.4B | $38.0B |
| Stockholders' EquityBook value | $12.3B | $17.6B |
| Total Assets | $51.7B | $94.0B |
| Debt / EquityLower = less leverage | 2.23× | 2.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $158.0M | ||
| Q3 25 | $1.8B | $364.0M | ||
| Q2 25 | $2.1B | $140.0M | ||
| Q1 25 | $833.0M | $1.3B | ||
| Q4 24 | $1.2B | $193.0M | ||
| Q3 24 | $1.5B | $200.0M | ||
| Q2 24 | $1.6B | $465.0M | ||
| Q1 24 | $2.2B | $992.0M |
| Q4 25 | $27.4B | $38.0B | ||
| Q3 25 | $27.2B | $36.4B | ||
| Q2 25 | $28.0B | $37.7B | ||
| Q1 25 | $27.7B | $38.4B | ||
| Q4 24 | $28.2B | $35.6B | ||
| Q3 24 | $29.6B | $34.9B | ||
| Q2 24 | $30.2B | $34.8B | ||
| Q1 24 | $31.6B | $34.7B |
| Q4 25 | $12.3B | $17.6B | ||
| Q3 25 | $11.9B | $17.2B | ||
| Q2 25 | $10.0B | $16.7B | ||
| Q1 25 | $9.2B | $16.6B | ||
| Q4 24 | $9.3B | $15.6B | ||
| Q3 24 | $8.6B | $15.7B | ||
| Q2 24 | $6.8B | $15.4B | ||
| Q1 24 | $6.7B | $15.2B |
| Q4 25 | $51.7B | $94.0B | ||
| Q3 25 | $50.8B | $90.5B | ||
| Q2 25 | $51.2B | $88.8B | ||
| Q1 25 | $48.5B | $88.4B | ||
| Q4 24 | $49.1B | $85.6B | ||
| Q3 24 | $49.8B | $84.7B | ||
| Q2 24 | $49.6B | $84.8B | ||
| Q1 24 | $49.8B | $83.6B |
| Q4 25 | 2.23× | 2.16× | ||
| Q3 25 | 2.28× | 2.12× | ||
| Q2 25 | 2.79× | 2.26× | ||
| Q1 25 | 3.02× | 2.31× | ||
| Q4 24 | 3.05× | 2.29× | ||
| Q3 24 | 3.45× | 2.23× | ||
| Q2 24 | 4.43× | 2.26× | ||
| Q1 24 | 4.72× | 2.29× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | $12.0M | $-319.0M |
| FCF MarginFCF / Revenue | 0.2% | -6.1% |
| Capex IntensityCapex / Revenue | 23.8% | 36.3% |
| Cash ConversionOCF / Net Profit | 3.61× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $-715.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $2.4B | $882.0M | ||
| Q1 25 | $925.0M | $1.2B | ||
| Q4 24 | $911.0M | $1.2B | ||
| Q3 24 | $1.2B | $2.5B | ||
| Q2 24 | $2.0B | $329.0M | ||
| Q1 24 | $1.8B | $1.0B |
| Q4 25 | $12.0M | $-319.0M | ||
| Q3 25 | $736.0M | $618.0M | ||
| Q2 25 | $1.5B | $-830.0M | ||
| Q1 25 | $318.0M | $-184.0M | ||
| Q4 24 | $319.0M | $-326.0M | ||
| Q3 24 | $628.0M | $961.0M | ||
| Q2 24 | $720.0M | $-1.1B | ||
| Q1 24 | $-370.0M | $-236.0M |
| Q4 25 | 0.2% | -6.1% | ||
| Q3 25 | 9.0% | 10.7% | ||
| Q2 25 | 24.4% | -18.3% | ||
| Q1 25 | 5.5% | -4.8% | ||
| Q4 24 | 5.4% | -8.2% | ||
| Q3 24 | 8.0% | 18.5% | ||
| Q2 24 | 12.5% | -25.2% | ||
| Q1 24 | -6.8% | -5.8% |
| Q4 25 | 23.8% | 36.3% | ||
| Q3 25 | 7.9% | 26.2% | ||
| Q2 25 | 13.4% | 37.7% | ||
| Q1 25 | 10.4% | 36.9% | ||
| Q4 24 | 10.0% | 37.6% | ||
| Q3 24 | 7.3% | 29.1% | ||
| Q2 24 | 22.8% | 32.8% | ||
| Q1 24 | 39.5% | 31.4% |
| Q4 25 | 3.61× | 0.85× | ||
| Q3 25 | 0.75× | 2.55× | ||
| Q2 25 | 4.23× | 2.57× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | 3.01× | 3.44× | ||
| Q3 24 | 0.69× | 4.79× | ||
| Q2 24 | 22.16× | 0.75× | ||
| Q1 24 | — | — |
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% |
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
