Miami, Florida-based Carnival Corporation & plc (CCL) is a cruise company that provides leisure travel services in North America and internationally. With a market cap of $37.1 billion, the company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
CCL shares have lagged behind the broader market over the past year, declining 8% compared to the S&P 500 Index’s ($SPX) 15.7% surge. Moreover, in 2026, the stock has fallen nearly 10.5%, underperforming the SPX’s 8% rise as well.