SEC annual filings · Water transportation

Which companies in water transportation have the most revenue in the SEC data we read?

In 2025, 10 companies in water transportation that have had revenue of one billion dollars or more are ranked; Carnival Corp Ltd. reported the most, $26.6 billion. The newest annual report in the data is for the fiscal year ended .

Revenue of the ten largest companies in water transportation, 2025

The largest first, each bar from zeroAs filed with the SEC

Revenue in 2025 of the ten largest companies in water transportation Carnival Corp Ltd.: $26.6B; Royal Caribbean Cruises Ltd: $17.9B; NCL Corp Ltd.: $9.83B; Norwegian Cruise Line Holdings Ltd.: $9.83B; Kirby Corp: $3.36B; Matson, Inc.: $3.34B; Tidewater Inc: $1.35B; Navios Maritime Partners L.P.: $1.34B; Star Bulk Carriers Corp.: $1.04B; Danaos Corp: $1.04B Carnival Corp Ltd. $26.6B Royal Caribbean Cruises Ltd $17.9B NCL Corp Ltd. $9.83B Norwegian Cruise Line Holdings Ltd. $9.83B Kirby Corp $3.36B Matson, Inc. $3.34B Tidewater Inc $1.35B Navios Maritime Partners L.P. $1.34B Star Bulk Carriers Corp. $1.04B Danaos Corp $1.04B Revenue in 2025 of the ten largest companies in water transportation Carnival Corp Ltd.: $26.6B; Royal Caribbean Cruises Ltd: $17.9B; NCL Corp Ltd.: $9.83B; Norwegian Cruise Line Holdings Ltd.: $9.83B; Kirby Corp: $3.36B; Matson, Inc.: $3.34B; Tidewater Inc: $1.35B; Navios Maritime Partners L.P.: $1.34B; Star Bulk Carriers Corp.: $1.04B; Danaos Corp: $1.04B Carnival Corp Ltd. $26.6B Royal Caribbean Cruises Ltd $17.9B NCL Corp Ltd. $9.83B Norwegian Cruise Line Holdings Ltd. $9.83B Kirby Corp $3.36B Matson, Inc. $3.34B Tidewater Inc $1.35B Navios Maritime Partners L.P. $1.34B Star Bulk Carriers Corp. $1.04B Danaos Corp $1.04B

Each bar is the revenue of one company for its fiscal year in 2025, as it filed it. The whole ranking is under "The numbers behind the chart".

Observed .

Right now

Carnival Corp Ltd. reported the most revenue in 2025, $26.6 billion.

10 companies in water transportation are ranked for 2025.

See the ranked companies of the group

Share of revenueOurs

Together they reported $75.7 billion of revenue, 0.3% of the revenue of all $25.2 trillion reported by the ranked companies.

As filed

Facts as filed with the SEC, and our arithmetic on them. Not investment advice.

Total assets are the figure the SEC data holds for the fiscal year end.

Understanding the ranking

Where it stands today

Carnival Corp Ltd. reported $26.6 billion, the most in 2025.

How is the ranking made?

The ranking lists companies by the revenue they filed with the SEC for their fiscal year in 2025, the largest first.

Read more

A company is in the ranking when its latest annual report shows revenue of one billion dollars or more, and stays in it afterwards. A company that has stopped filing keeps its page and is not ranked.

The numbers behind the chart

Which companies in water transportation reported the most revenue?10 companies
Companies by revenue in 2025, the largest first (dollars as filed)
CompanyRankSymbolRevenueProfit or lossTotal assets
Carnival Corp Ltd.1CCL$26.6B$2.76B$51.7B
Royal Caribbean Cruises Ltd2RCL$17.9B$4.27B$41.6B
NCL Corp Ltd.3–$9.83B$624M$22.5B
Norwegian Cruise Line Holdings Ltd.3NCLH$9.83B$423M$22.5B
Kirby Corp5KEX$3.36B$355M$6.01B
Matson, Inc.6MATX$3.34B$445M$4.64B
Tidewater Inc7TDW$1.35B$334M$2.39B
Navios Maritime Partners L.P.8NMM$1.34B$285M$5.93B
Star Bulk Carriers Corp.9SBLK$1.04B$84.2M$3.81B
Danaos Corp10DAC$1.04B$495M$5.11B

The table scrolls sideways; the first column stays in place.

What does the ranking leave out, and where is it from?Limits and source

What this number cannot tell you

  • Only companies with a revenue figure for the ranking year that passes our checks are ranked, the largest first; equal figures share a rank.
  • A company's figures are its own. A company that files together with a parent or a subsidiary is ranked on its own figure, so the same business can appear twice, and a sum of revenue counts it twice.
  • Total assets are shown only when the SEC data dates them within ten days of the fiscal year end, and profit only when its period ends within sixty days of it.

Observed .

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