Carnival (CCL) EV to CFO (2009 - 2026)
Carnival's (CCL) quarterly EV to CFO came in at 13.77 in Q2 2026, up 31.92% on a YoY basis from 10.44 in Q2 2025, and down 53.86% quarter-over-quarter from 29.84 in Q1 2026.
Analysis
Carnival (CCL) EV to CFO (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported EV to CFO for 18 consecutive years, with 13.77 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO rose 31.92% year-over-year to 13.77; the trailing twelve-month figure through May 2026 stood at 5.33 (up 15.99% YoY), and the FY2025 full-year result was 4.82, up 0.53% from the prior year.
- EV to CFO eased to 13.77 in Q2 2026 per CCL's latest filing, from 29.84 in the prior quarter.
- Across five years, EV to CFO topped out at 2200.09 in Q2 2022 and bottomed at 43.08 in Q4 2022.
- Historically, EV to CFO has averaged 131.89 across 5 years, with a median of 14.15 in 2024.
- The sharpest annual moves came in 2022 and 2023: EV to CFO jumped 15420.96% in 2022, then plunged 99.68% in 2023.
- Over 5 years, EV to CFO stood at 43.08 in 2022, then jumped by 136.34% to 15.65 in 2023, then jumped by 99.12% to 31.17 in 2024, then sank by 36.66% to 19.74 in 2025, then slumped by 30.27% to 13.77 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 13.77, 29.84, and 19.74 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 13.77 |
| Feb 28, 2026 | 29.84 |
| Nov 30, 2025 | 19.74 |
| Aug 31, 2025 | 25.65 |
| May 31, 2025 | 10.44 |
| Feb 28, 2025 | 29.28 |
| Nov 30, 2024 | 31.17 |
| Aug 31, 2024 | 14.54 |
| May 31, 2024 | 7.49 |
| Feb 29, 2024 | 8.80 |
| Nov 30, 2023 | 15.65 |
| Aug 31, 2023 | 8.10 |
| May 31, 2023 | 7.11 |
| Feb 28, 2023 | 16.45 |
| Nov 30, 2022 | -43.08 |
| Aug 31, 2022 | -10.04 |
| May 31, 2022 | 2,200.09 |
| Feb 28, 2022 | -10.88 |
| Nov 30, 2021 | -22.39 |
| Aug 31, 2021 | -18.07 |