Carnival (CCL) EV to EBITDA (2009 - 2026)
Carnival's (CCL) EV to EBITDA came in at 4.94 for fiscal Q2 2026 (quarter ended May 31, 2026), up 36.1% from 3.63 a year earlier but down 3.2% from the prior quarter.
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Analysis
Carnival (CCL) EV to EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, EV to EBITDA at Carnival was 4.24, up 36.3% year-over-year; for FY2025 (ended Nov 30, 2025), it was 4.12, down 11.0% from FY2024.
- In prior fiscal years, Carnival's EV to EBITDA was 4.63 in FY2024 (+38.7%) and 3.34 in FY2023.
- Quarterly EV to EBITDA has run from a low of 2.89 in fiscal Q2 2024 to a high of 9.40 in fiscal Q2 2023 over five years.
- On a year-over-year basis, EV to EBITDA increased in six of the last eight quarters, with growth averaging 20.7%.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was fiscal Q3 2025, with growth of 69.6%; the weakest was fiscal Q2 2024, with a decline of 69.2%.
- According to Business Quant data, EV to EBITDA for the three prior fiscal quarters was 5.11 (Q1 2026), 4.12 (Q4 2025) and 5.04 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 4.94 |
| Feb 28, 2026 | 5.11 |
| Nov 30, 2025 | 4.12 |
| Aug 31, 2025 | 5.04 |
| May 31, 2025 | 3.63 |
| Feb 28, 2025 | 4.21 |
| Nov 30, 2024 | 4.63 |
| Aug 31, 2024 | 2.97 |
| May 31, 2024 | 2.89 |
| Feb 29, 2024 | 3.24 |
| Nov 30, 2023 | 3.34 |
| Aug 31, 2023 | 5.35 |
| May 31, 2023 | 9.40 |
| Feb 29, 2020 | 4.90 |
| Nov 30, 2019 | 5.63 |
| Aug 31, 2019 | 5.35 |
| May 31, 2019 | 6.42 |
| Feb 28, 2019 | 7.38 |
| Nov 30, 2018 | 7.81 |
| Aug 31, 2018 | 8.08 |
API Access
Carnival EV to EBITDA 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-ebitda&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();