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Side-by-side financial comparison of Carnival (CCL) and Lam Research (LRCX). Click either name above to swap in a different company.
Carnival is the larger business by last-quarter revenue ($6.3B vs $5.8B, roughly 1.1× Lam Research). Lam Research runs the higher net margin — 31.2% vs 6.6%, a 24.6% gap on every dollar of revenue. On growth, Lam Research posted the faster year-over-year revenue change (23.8% vs 6.6%). Over the past eight quarters, Lam Research's revenue compounded faster (22.8% 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.
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
CCL vs LRCX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.3B | $5.8B |
| Net Profit | $421.0M | $1.8B |
| Gross Margin | — | 49.8% |
| Operating Margin | 11.6% | 35.0% |
| Net Margin | 6.6% | 31.2% |
| Revenue YoY | 6.6% | 23.8% |
| Net Profit YoY | 38.9% | 37.2% |
| 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 | — | $5.8B | ||
| Q4 25 | $6.3B | $5.3B | ||
| Q3 25 | $8.2B | $5.3B | ||
| Q2 25 | $6.3B | $5.2B | ||
| Q1 25 | $5.8B | $4.7B | ||
| Q4 24 | $5.9B | $4.4B | ||
| Q3 24 | $7.9B | $4.2B | ||
| Q2 24 | $5.8B | $3.9B |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $421.0M | $1.6B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $565.0M | $1.7B | ||
| Q1 25 | $-78.0M | $1.3B | ||
| Q4 24 | $303.0M | $1.2B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $92.0M | $1.0B |
| Q1 26 | — | 49.8% | ||
| Q4 25 | — | 49.6% | ||
| Q3 25 | 46.2% | 50.4% | ||
| Q2 25 | 38.6% | 50.1% | ||
| Q1 25 | 35.2% | 49.0% | ||
| Q4 24 | 35.5% | 47.4% | ||
| Q3 24 | 45.5% | 48.0% | ||
| Q2 24 | 34.3% | 47.5% |
| Q1 26 | — | 35.0% | ||
| Q4 25 | 11.6% | 33.9% | ||
| Q3 25 | 27.9% | 34.4% | ||
| Q2 25 | 14.8% | 33.7% | ||
| Q1 25 | 9.3% | 33.1% | ||
| Q4 24 | 9.4% | 30.5% | ||
| Q3 24 | 27.6% | 30.3% | ||
| Q2 24 | 9.7% | 29.1% |
| Q1 26 | — | 31.2% | ||
| Q4 25 | 6.6% | 29.8% | ||
| Q3 25 | 22.7% | 29.5% | ||
| Q2 25 | 8.9% | 33.3% | ||
| Q1 25 | -1.3% | 28.2% | ||
| Q4 24 | 5.1% | 27.2% | ||
| Q3 24 | 22.0% | 26.8% | ||
| Q2 24 | 1.6% | 26.4% |
| Q1 26 | — | $1.45 | ||
| Q4 25 | $0.33 | $1.26 | ||
| Q3 25 | $1.33 | $1.24 | ||
| Q2 25 | $0.42 | $1.34 | ||
| Q1 25 | $-0.06 | $1.03 | ||
| Q4 24 | $0.28 | $0.92 | ||
| Q3 24 | $1.26 | $0.86 | ||
| Q2 24 | $0.07 | $7.78 |
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 | $4.8B |
| Total DebtLower is stronger | $27.4B | — |
| Stockholders' EquityBook value | $12.3B | — |
| Total Assets | $51.7B | $20.8B |
| Debt / EquityLower = less leverage | 2.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.8B | ||
| Q4 25 | $1.9B | $6.2B | ||
| Q3 25 | $1.8B | $6.7B | ||
| Q2 25 | $2.1B | $6.4B | ||
| Q1 25 | $833.0M | $5.5B | ||
| Q4 24 | $1.2B | $5.7B | ||
| Q3 24 | $1.5B | $6.1B | ||
| Q2 24 | $1.6B | $5.8B |
| Q1 26 | — | — | ||
| Q4 25 | $27.4B | $3.7B | ||
| Q3 25 | $27.2B | $3.7B | ||
| Q2 25 | $28.0B | $3.7B | ||
| Q1 25 | $27.7B | $3.7B | ||
| Q4 24 | $28.2B | $4.5B | ||
| Q3 24 | $29.6B | $4.5B | ||
| Q2 24 | $30.2B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | $12.3B | $10.1B | ||
| Q3 25 | $11.9B | $10.2B | ||
| Q2 25 | $10.0B | $9.9B | ||
| Q1 25 | $9.2B | $9.5B | ||
| Q4 24 | $9.3B | $8.8B | ||
| Q3 24 | $8.6B | $8.5B | ||
| Q2 24 | $6.8B | $8.5B |
| Q1 26 | — | $20.8B | ||
| Q4 25 | $51.7B | $21.4B | ||
| Q3 25 | $50.8B | $21.9B | ||
| Q2 25 | $51.2B | $21.3B | ||
| Q1 25 | $48.5B | $20.0B | ||
| Q4 24 | $49.1B | $19.8B | ||
| Q3 24 | $49.8B | $19.5B | ||
| Q2 24 | $49.6B | $18.7B |
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | 0.37× | ||
| Q3 25 | 2.28× | 0.37× | ||
| Q2 25 | 2.79× | 0.38× | ||
| Q1 25 | 3.02× | 0.39× | ||
| Q4 24 | 3.05× | 0.51× | ||
| Q3 24 | 3.45× | 0.53× | ||
| Q2 24 | 4.43× | 0.52× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $12.0M | — |
| FCF MarginFCF / Revenue | 0.2% | — |
| Capex IntensityCapex / Revenue | 23.8% | 5.7% |
| Cash ConversionOCF / Net Profit | 3.61× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $925.0M | $1.3B | ||
| Q4 24 | $911.0M | $741.9M | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $2.0B | $862.4M |
| Q1 26 | — | — | ||
| Q4 25 | $12.0M | $1.2B | ||
| Q3 25 | $736.0M | $1.6B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $318.0M | $1.0B | ||
| Q4 24 | $319.0M | $553.6M | ||
| Q3 24 | $628.0M | $1.5B | ||
| Q2 24 | $720.0M | $761.7M |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 22.8% | ||
| Q3 25 | 9.0% | 29.9% | ||
| Q2 25 | 24.4% | 46.1% | ||
| Q1 25 | 5.5% | 21.6% | ||
| Q4 24 | 5.4% | 12.7% | ||
| Q3 24 | 8.0% | 35.0% | ||
| Q2 24 | 12.5% | 19.7% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 23.8% | 4.9% | ||
| Q3 25 | 7.9% | 3.5% | ||
| Q2 25 | 13.4% | 3.3% | ||
| Q1 25 | 10.4% | 6.1% | ||
| Q4 24 | 10.0% | 4.3% | ||
| Q3 24 | 7.3% | 2.7% | ||
| Q2 24 | 22.8% | 2.6% |
| Q1 26 | — | 0.63× | ||
| Q4 25 | 3.61× | 0.93× | ||
| Q3 25 | 0.75× | 1.13× | ||
| Q2 25 | 4.23× | 1.48× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | 3.01× | 0.62× | ||
| Q3 24 | 0.69× | 1.40× | ||
| Q2 24 | 22.16× | 0.85× |
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% |
LRCX
Segment breakdown not available.
