CCL vs ZIM
Carnival Corp. Ltd. and ZIM Integrated Shipping Services Ltd., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CCL | ZIM |
|---|---|---|
| Revenue | $26.6B | $6.9B |
| Net income | $2.8B | $479.2M |
| Gross margin | · | 19.1% |
| Net margin | 10.4% | 7.0% |
| Return on equity | 25.6% | 11.9% |
| Diluted EPS | $2.02 | $3.98 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $2.6B | · |
| Equity | $12.3B | $4.0B |
| Net debt / equity | 2.01× | −0.24× |
| Current ratio | 0.32× | 1.23× |
| Revenue CAGR 5y | 36.6% | 11.6% |
| Profit CAGR 5y | · | −1.5% |
CCL bills 3.9× the revenue of ZIM, and keeps more of each dollar of revenue as profit (10.4% against 7.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | CCL | ZIM |
|---|---|---|
| FY2025 | $26.6B | $6.9B |
| FY2024 | $25.0B | $8.4B |
| FY2023 | $21.6B | $5.2B |
| FY2022 | $12.2B | $12.6B |
| FY2021 | $1.9B | $10.7B |
| FY2020 | $5.6B | $4.0B |
| FY2019 | $20.8B | $3.3B |
| FY2018 | $18.9B | $3.2B |
Bottom line
| Fiscal year | CCL | ZIM |
|---|---|---|
| FY2025 | $2.8B | $479.2M |
| FY2024 | $1.9B | $2.1B |
| FY2023 | $-74.0M | $-2.7B |
| FY2022 | $-6.1B | $4.6B |
| FY2021 | $-9.5B | $4.6B |
| FY2020 | $-10.2B | $518.0M |
| FY2019 | $3.0B | $-18.1M |
| FY2018 | $3.2B | $-125.7M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$19,717,800,000 | CCL |
| FY2024 | +$16,593,600,000 | CCL |
| FY2023 | +$16,430,800,000 | CCL |
| FY2022 | −$393,600,000 | ZIM |
| FY2021 | −$8,820,700,000 | ZIM |
| FY2020 | +$1,603,300,000 | CCL |
| FY2019 | +$17,525,239,000 | CCL |
| FY2018 | +$15,633,136,000 | CCL |
The higher-revenue side has changed between CCL and ZIM over this period. The gap has widened since the earliest year compared.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ZIM's net margin has been more volatile than CCL's over the 3 comparable fiscal years — 25.7 percentage points of standard deviation against 7.0.
3 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CCL led in net margin in every one of the 3 comparable fiscal years — a structural lead, not a recent swing.
3 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ZIM's return on equity has been more volatile than CCL's over the 5 comparable fiscal years — 84.6 percentage points of standard deviation against 38.9.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CCL and ZIM over these 5 fiscal years — CCL led in 2 and ZIM in 3.
5 of 19 comparable fiscal years — a year missing data on either side is not counted.