Carnival (CCL) Change in Inventory (2009 - 2026)
Carnival's Change in Inventory was -$22 million in fiscal Q3 2026 (quarter ended Aug 31, 2026), compared with -$2 million a year earlier.
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Analysis
Carnival (CCL) Change in Inventory (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carnival's Change in Inventory was $59 million through Aug 31, 2026; for FY2025 (ended Nov 30, 2025), it came in at -$2 million.
- In earlier fiscal years, Change in Inventory was -$9 million in FY2024, $85 million in FY2023 (-10.5%), $95 million in FY2022 (+50.8%) and $63 million in FY2021.
- The fiscal Q3 2026 figure marks the lowest quarterly Change in Inventory since fiscal Q2 2025.
- Compared with a year earlier, Change in Inventory was higher in two of the last four quarters, with growth averaging 13.8%.
- The best year-over-year quarter for Change in Inventory over five years was fiscal Q4 2023 (growth of 425.0%); the worst was fiscal Q1 2026 (a decline of 82.4%).
- Per Business Quant data, CCL's Change in Inventory in the three fiscal quarters before Q3 2026 was $45 million (Q2 2026), $3 million (Q1 2026) and $33 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | - |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | - |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | -4.00 Mn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 36.87 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | -22.00 Mn |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn | - |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | - |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | -905,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -22.00 Mn |
| May 31, 2026 | 45.00 Mn |
| Feb 28, 2026 | 3.00 Mn |
| Nov 30, 2025 | 33.00 Mn |
| Aug 31, 2025 | -2.00 Mn |
| May 31, 2025 | -50.00 Mn |
| Feb 28, 2025 | 17.00 Mn |
| Nov 30, 2024 | 24.00 Mn |
| Aug 31, 2024 | -19.00 Mn |
| May 31, 2024 | -21.00 Mn |
| Feb 29, 2024 | 7.00 Mn |
| Nov 30, 2023 | 42.00 Mn |
| Aug 31, 2023 | 37.00 Mn |
| May 31, 2023 | -13.00 Mn |
| Feb 28, 2023 | 19.00 Mn |
| Nov 30, 2022 | 8.00 Mn |
| Aug 31, 2022 | 8.00 Mn |
| May 31, 2022 | 42.00 Mn |
| Feb 28, 2022 | 37.00 Mn |
| Nov 30, 2021 | 44.00 Mn |
API Access
Carnival Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "CCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();