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

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

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

Carnival has reported Construction in Progress for 17 years, with the latest figure at $464.0 million in Q4 2025.

  • For the quarter ending Q4 2025, Construction in Progress fell 13.27% year-over-year to $464.0 million; the trailing twelve-month figure through Nov 2025 stood at $464.0 million (down 13.27% YoY), and the FY2025 full-year result was $464.0 million, down 13.27% from the prior year.
  • Construction in Progress for Q4 2025 stood at $464.0 million, down from $535.0 million in the prior quarter.
  • The five-year high for Construction in Progress was $1.5 billion in Q4 2021, with the low at $464.0 million in Q4 2025.
  • Historically, Construction in Progress has averaged $920.8 million across 5 years, with a median of $785.0 million in 2022.
  • Annual changes were most pronounced in 2023 — Construction in Progress soared 63.57% — and 2024, when it slumped 58.33%.
  • Carnival's Construction in Progress 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn -
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn -
4 Carnival 37.80 Bn 36.39 Bn - -
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn -
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn -
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn -
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

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