The Most Overlooked Stock That’s Worthy of Your Attention Now Heading Into 2026

Core Insights - Carnival Corporation has shown strong performance in 2025, with significant revenue and income growth, yet remains underappreciated in the market heading into 2026 [1] Financial Performance - In Q4 2025, Carnival reported revenue of $6.3 billion, an increase of nearly $400 million year-over-year [4] - Adjusted net income for Q4 was $0.34 per share, representing over 140% growth YoY [4] - For the full year 2025, adjusted net income reached $3.1 billion, reflecting more than 60% growth YoY, with total revenue hitting an all-time high of $26.6 billion [4] Balance Sheet Improvement - Carnival has successfully reduced total debt by over $10 billion from peak levels and completed a $19 billion refinancing plan within a year, which has lowered interest expenses and enhanced financial flexibility [5] - The company has reinstated its quarterly dividend, declaring an initial payout of $0.15 per share starting in early 2026, indicating confidence in sustainable cash generation and long-term earnings potential [5] Booking Trends - Carnival ended 2025 with record customer deposits of $7.2 billion, suggesting ongoing strong demand [6] - The company is two-thirds booked for 2026 at high prices in Europe and North America, with record booking volumes for both 2026 and 2027 sailings, indicating resilient consumer demand despite macroeconomic uncertainties [6]