Carnival (CCL) Construction in Progress (2009 - 2025)
Carnival's (CCL) quarterly Construction in Progress came in at $464.0 million in Q4 2025, down 13.27% YoY from $535.0 million in Q4 2024, and down 13.27% on a QoQ basis from $535.0 million in Q4 2024.
Carnival (CCL) Construction in Progress (2009 - 2025) Analysis & Trends
Carnival (CCL) has 17 years of Construction in Progress data on file, last reported at $464.0 million in Q4 2025.
- Quarterly Construction in Progress fell 13.27% year-over-year to $464.0 million in Q4 2025, while the trailing twelve-month figure through Nov 2025 was $464.0 million (down 13.27% YoY) and the FY2025 annual result came in at $464.0 million, down 13.27% from the prior year.
- Construction in Progress retreated to $464.0 million in Q4 2025, from $535.0 million in the prior quarter.
- In the past five years, Construction in Progress ranged from a high of $1.5 billion in Q4 2021 to a low of $464.0 million in Q4 2025.
- A 5-year average of $920.8 million and a median of $785.0 million in 2022 frame the typical range for Construction in Progress.
- Annual changes were most pronounced in 2023 — Construction in Progress soared 63.57% — and 2024, when it slumped 58.33%.
- Tracing CCL's Construction in Progress over 5 years: stood at $1.5 billion in 2021, then sank by 48.89% to $785.0 million in 2022, then jumped by 63.57% to $1.3 billion in 2023, then tumbled by 58.33% to $535.0 million in 2024, then slipped by 13.27% to $464.0 million in 2025.
- The last three Construction in Progress figures came in at $464.0 million (Q4 2025), $535.0 million (Q4 2024), and $1.3 billion (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | - |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | - |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | - |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | - |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | - |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | - |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | - |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | - |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Nov 30, 2025 | 464.00 Mn |
| Nov 30, 2024 | 535.00 Mn |
| Nov 30, 2023 | 1.28 Bn |
| Nov 30, 2022 | 785.00 Mn |
| Nov 30, 2021 | 1.54 Bn |
| Nov 30, 2020 | 1.35 Bn |
| Nov 30, 2019 | 2.49 Bn |
| Nov 30, 2018 | 2.00 Bn |
| Nov 30, 2017 | 790.00 Mn |
| Nov 30, 2016 | 725.00 Mn |
| Nov 30, 2015 | 839.00 Mn |
| Nov 30, 2014 | 536.00 Mn |
| Nov 30, 2013 | 535.00 Mn |
| Nov 30, 2012 | 380.00 Mn |
| Nov 30, 2011 | 526.00 Mn |
| Nov 30, 2010 | 696.00 Mn |
| Nov 30, 2009 | 770.00 Mn |