Carnival (CCL) EV to CFO (2009 - 2026)
Carnival's EV to CFO was 4.53 in fiscal Q3 2026 (quarter ended Aug 31, 2026), down 28.3% from 6.32 a year earlier and down 14.9% from the prior quarter.
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Analysis
Carnival (CCL) EV to CFO (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carnival's EV to CFO was 3.71 through Aug 31, 2026, down 33.4% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 4.82, up 0.5% from FY2024.
- In earlier fiscal years, EV to CFO was 4.79 in FY2024 (+42.1%) and 3.37 in FY2023.
- The fiscal Q3 2026 figure marks the lowest quarterly EV to CFO since fiscal Q3 2024.
- Compared with a year earlier, EV to CFO was higher in seven of the last eight quarters, with growth averaging 42.9%.
- The best year-over-year quarter for EV to CFO over five years was fiscal Q3 2025 (growth of 114.1%); the worst was fiscal Q2 2024 (a decline of 69.4%).
- Per Business Quant data, CCL's EV to CFO in the three fiscal quarters before Q3 2026 was 5.33 (Q2 2026), 5.75 (Q1 2026) and 4.82 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - |
| 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 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 4.53 |
| May 31, 2026 | 5.33 |
| Feb 28, 2026 | 5.75 |
| Nov 30, 2025 | 4.82 |
| Aug 31, 2025 | 6.32 |
| May 31, 2025 | 4.59 |
| Feb 28, 2025 | 5.33 |
| Nov 30, 2024 | 4.79 |
| Aug 31, 2024 | 2.95 |
| May 31, 2024 | 2.33 |
| Feb 29, 2024 | 2.75 |
| Nov 30, 2023 | 3.37 |
| Aug 31, 2023 | 4.59 |
| May 31, 2023 | 7.61 |
| May 31, 2020 | 5.13 |
| Feb 29, 2020 | 4.08 |
| Nov 30, 2019 | 5.59 |
| Aug 31, 2019 | 5.29 |
| May 31, 2019 | 6.07 |
| Feb 28, 2019 | 7.03 |
API Access
Carnival EV to CFO 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=ev-to-cfo&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();