Carnival (CCL) Construction in Progress (2009 - 2025)

Carnival (CCL) posted Construction in Progress of $464.0 million for Q4 2025, down 13.27% on a QoQ basis from $535.0 million in Q4 2024, and down 13.27% year-over-year from $535.0 million in Q4 2024.

Carnival (CCL) Construction in Progress (2009 - 2025) Analysis & Trends

Carnival's Construction in Progress history runs 17 years deep, the most recent figure standing at $464.0 million for 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 was $464.0 million for Q4 2025 at Carnival, down from $535.0 million in the prior quarter.
  • Across five years, Construction in Progress topped out at $1.5 billion in Q4 2021 and bottomed at $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 sank 58.33%.
  • Carnival's Construction in Progress stood at $1.5 billion in 2021, then tumbled by 48.89% to $785.0 million in 2022, then soared by 63.57% to $1.3 billion in 2023, then sank by 58.33% to $535.0 million in 2024, then declined by 13.27% to $464.0 million in 2025.
  • Business Quant data shows CCL's Construction in Progress at $464.0 million in Q4 2025, $535.0 million in Q4 2024, and $1.3 billion in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn -
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn -
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn -
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn -
6 Carnival 34.61 Bn 32.38 Bn - -
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn -
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn -
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn -

Historic Data

Download Data
DateValue
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