Carnival CCL
NYSE CCL
$23.18 -0.33 (-1.40%)
As of: Sep 8, 2026 · 3:59 PM EDT

Carnival (CCL) EV to EBITDA (2009 - 2026)

Carnival's (CCL) quarterly EV to EBITDA came in at 42.54 in Q2 2026, up 59.19% on a YoY basis from 26.72 in Q2 2025, and down 31.47% quarter-over-quarter from 62.08 in Q1 2026.

Analysis

Carnival (CCL) EV to EBITDA (2009 - 2026) Analysis & Trends

Carnival (CCL) has reported EV to EBITDA for 18 consecutive years, with 42.54 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EV to EBITDA rose 59.19% year-over-year to 42.54; the trailing twelve-month figure through May 2026 stood at 8.11 (up 36.99% YoY), and the FY2025 full-year result was 6.68, down 15.86% from the prior year.
  • EV to EBITDA declined to 42.54 in Q2 2026 per CCL's latest filing, from 62.08 in the prior quarter.
  • Across five years, EV to EBITDA topped out at 67.36 in Q2 2023 and bottomed at 37.11 in Q1 2023.
  • Historically, EV to EBITDA has averaged 23.71 across 5 years, with a median of 27.01 in 2025.
  • The widest YoY moves for EV to EBITDA: up 1603.32% in 2023, down 319.38% in 2023.
  • Over 5 years, EV to EBITDA stood at 4.44 in 2022, then surged by 946.45% to 37.59 in 2023, then jumped by 34.67% to 50.62 in 2024, then decreased by 19.45% to 40.77 in 2025, then climbed by 4.34% to 42.54 in 2026.
  • According to Business Quant data, EV to EBITDA over the past three periods registered 42.54, 62.08, and 40.77 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

Historic Data

Download Data
DateValue
May 31, 2026 42.54
Feb 28, 2026 62.08
Nov 30, 2025 40.77
Aug 31, 2025 15.62
May 31, 2025 26.72
Feb 28, 2025 49.88
Nov 30, 2024 50.62
Aug 31, 2024 8.04
May 31, 2024 27.29
Feb 29, 2024 56.37
Nov 30, 2023 37.59
Aug 31, 2023 9.14
May 31, 2023 67.36
Feb 28, 2023 -37.11
Nov 30, 2022 -4.44
Aug 31, 2022 -12.38
May 31, 2022 -4.48
Feb 28, 2022 -8.85
Nov 30, 2021 -4.35
Aug 31, 2021 -7.72