vs
Side-by-side financial comparison of Carnival (CCL) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
US Foods Holding Corp. is the larger business by last-quarter revenue ($9.8B vs $6.3B, roughly 1.5× Carnival). Carnival runs the higher net margin — 6.6% vs 1.9%, a 4.8% gap on every dollar of revenue. On growth, Carnival posted the faster year-over-year revenue change (6.6% vs 3.3%). US Foods Holding Corp. produced more free cash flow last quarter ($159.0M vs $12.0M). Over the past eight quarters, Carnival's revenue compounded faster (8.2% CAGR vs 4.6%).
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.
US Foods Holding Corp. is an American food service distributor. It is the second-largest food service distributor in the U.S., after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.
CCL vs USFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.3B | $9.8B |
| Net Profit | $421.0M | $184.0M |
| Gross Margin | — | 17.6% |
| Operating Margin | 11.6% | 3.3% |
| Net Margin | 6.6% | 1.9% |
| Revenue YoY | 6.6% | 3.3% |
| Net Profit YoY | 38.9% | 178.8% |
| EPS (diluted) | $0.33 | $0.82 |
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 | $9.8B | ||
| Q3 25 | $8.2B | $10.2B | ||
| Q2 25 | $6.3B | $10.1B | ||
| Q1 25 | $5.8B | $9.4B | ||
| Q4 24 | $5.9B | $9.5B | ||
| Q3 24 | $7.9B | $9.7B | ||
| Q2 24 | $5.8B | $9.7B | ||
| Q1 24 | $5.4B | $8.9B |
| Q4 25 | $421.0M | $184.0M | ||
| Q3 25 | $1.9B | $153.0M | ||
| Q2 25 | $565.0M | $224.0M | ||
| Q1 25 | $-78.0M | $115.0M | ||
| Q4 24 | $303.0M | $66.0M | ||
| Q3 24 | $1.7B | $148.0M | ||
| Q2 24 | $92.0M | $198.0M | ||
| Q1 24 | $-214.0M | $82.0M |
| Q4 25 | — | 17.6% | ||
| Q3 25 | 46.2% | 17.2% | ||
| Q2 25 | 38.6% | 17.6% | ||
| Q1 25 | 35.2% | 17.3% | ||
| Q4 24 | 35.5% | 17.6% | ||
| Q3 24 | 45.5% | 17.1% | ||
| Q2 24 | 34.3% | 17.6% | ||
| Q1 24 | 31.5% | 16.7% |
| Q4 25 | 11.6% | 3.3% | ||
| Q3 25 | 27.9% | 2.8% | ||
| Q2 25 | 14.8% | 3.7% | ||
| Q1 25 | 9.3% | 2.4% | ||
| Q4 24 | 9.4% | 3.2% | ||
| Q3 24 | 27.6% | 2.9% | ||
| Q2 24 | 9.7% | 3.6% | ||
| Q1 24 | 5.1% | 1.8% |
| Q4 25 | 6.6% | 1.9% | ||
| Q3 25 | 22.7% | 1.5% | ||
| Q2 25 | 8.9% | 2.2% | ||
| Q1 25 | -1.3% | 1.2% | ||
| Q4 24 | 5.1% | 0.7% | ||
| Q3 24 | 22.0% | 1.5% | ||
| Q2 24 | 1.6% | 2.0% | ||
| Q1 24 | -4.0% | 0.9% |
| Q4 25 | $0.33 | $0.82 | ||
| Q3 25 | $1.33 | $0.67 | ||
| Q2 25 | $0.42 | $0.96 | ||
| Q1 25 | $-0.06 | $0.49 | ||
| Q4 24 | $0.28 | $0.28 | ||
| Q3 24 | $1.26 | $0.61 | ||
| Q2 24 | $0.07 | $0.80 | ||
| Q1 24 | $-0.17 | $0.33 |
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 | $41.0M |
| Total DebtLower is stronger | $27.4B | $5.1B |
| Stockholders' EquityBook value | $12.3B | $4.3B |
| Total Assets | $51.7B | $13.9B |
| Debt / EquityLower = less leverage | 2.23× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $41.0M | ||
| Q3 25 | $1.8B | $56.0M | ||
| Q2 25 | $2.1B | $61.0M | ||
| Q1 25 | $833.0M | $101.0M | ||
| Q4 24 | $1.2B | $59.0M | ||
| Q3 24 | $1.5B | $81.0M | ||
| Q2 24 | $1.6B | $405.0M | ||
| Q1 24 | $2.2B | $267.0M |
| Q4 25 | $27.4B | $5.1B | ||
| Q3 25 | $27.2B | $4.8B | ||
| Q2 25 | $28.0B | $4.7B | ||
| Q1 25 | $27.7B | $4.7B | ||
| Q4 24 | $28.2B | $4.8B | ||
| Q3 24 | $29.6B | $4.7B | ||
| Q2 24 | $30.2B | $4.6B | ||
| Q1 24 | $31.6B | $4.6B |
| Q4 25 | $12.3B | $4.3B | ||
| Q3 25 | $11.9B | $4.5B | ||
| Q2 25 | $10.0B | $4.6B | ||
| Q1 25 | $9.2B | $4.6B | ||
| Q4 24 | $9.3B | $4.5B | ||
| Q3 24 | $8.6B | $4.6B | ||
| Q2 24 | $6.8B | $5.0B | ||
| Q1 24 | $6.7B | $4.8B |
| Q4 25 | $51.7B | $13.9B | ||
| Q3 25 | $50.8B | $14.0B | ||
| Q2 25 | $51.2B | $13.8B | ||
| Q1 25 | $48.5B | $13.7B | ||
| Q4 24 | $49.1B | $13.4B | ||
| Q3 24 | $49.8B | $13.5B | ||
| Q2 24 | $49.6B | $13.7B | ||
| Q1 24 | $49.8B | $13.4B |
| Q4 25 | 2.23× | 1.18× | ||
| Q3 25 | 2.28× | 1.08× | ||
| Q2 25 | 2.79× | 1.02× | ||
| Q1 25 | 3.02× | 1.02× | ||
| Q4 24 | 3.05× | 1.06× | ||
| Q3 24 | 3.45× | 1.01× | ||
| Q2 24 | 4.43× | 0.92× | ||
| Q1 24 | 4.72× | 0.95× |
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 | $293.0M |
| Free Cash FlowOCF − Capex | $12.0M | $159.0M |
| FCF MarginFCF / Revenue | 0.2% | 1.6% |
| Capex IntensityCapex / Revenue | 23.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.61× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $293.0M | ||
| Q3 25 | $1.4B | $351.0M | ||
| Q2 25 | $2.4B | $334.0M | ||
| Q1 25 | $925.0M | $391.0M | ||
| Q4 24 | $911.0M | $283.0M | ||
| Q3 24 | $1.2B | $270.0M | ||
| Q2 24 | $2.0B | $482.0M | ||
| Q1 24 | $1.8B | $139.0M |
| Q4 25 | $12.0M | $159.0M | ||
| Q3 25 | $736.0M | $236.0M | ||
| Q2 25 | $1.5B | $257.0M | ||
| Q1 25 | $318.0M | $307.0M | ||
| Q4 24 | $319.0M | $178.0M | ||
| Q3 24 | $628.0M | $190.0M | ||
| Q2 24 | $720.0M | $413.0M | ||
| Q1 24 | $-370.0M | $52.0M |
| Q4 25 | 0.2% | 1.6% | ||
| Q3 25 | 9.0% | 2.3% | ||
| Q2 25 | 24.4% | 2.5% | ||
| Q1 25 | 5.5% | 3.3% | ||
| Q4 24 | 5.4% | 1.9% | ||
| Q3 24 | 8.0% | 2.0% | ||
| Q2 24 | 12.5% | 4.3% | ||
| Q1 24 | -6.8% | 0.6% |
| Q4 25 | 23.8% | 1.4% | ||
| Q3 25 | 7.9% | 1.1% | ||
| Q2 25 | 13.4% | 0.8% | ||
| Q1 25 | 10.4% | 0.9% | ||
| Q4 24 | 10.0% | 1.1% | ||
| Q3 24 | 7.3% | 0.8% | ||
| Q2 24 | 22.8% | 0.7% | ||
| Q1 24 | 39.5% | 1.0% |
| Q4 25 | 3.61× | 1.59× | ||
| Q3 25 | 0.75× | 2.29× | ||
| Q2 25 | 4.23× | 1.49× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | 3.01× | 4.29× | ||
| Q3 24 | 0.69× | 1.82× | ||
| Q2 24 | 22.16× | 2.43× | ||
| Q1 24 | — | 1.70× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
