Carnival (CCL) EV to FCF (2009 - 2026)
Carnival's (CCL) EV to FCF stood at 9.74 in fiscal Q3 2026 (quarter ended Aug 31, 2026), down 20.0% from 12.17 a year earlier and down 13.9% from the prior quarter.
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Analysis
Carnival (CCL) EV to FCF (2009 - 2026) Analysis & Trends
On a TTM basis, Carnival's EV to FCF came in at 7.97 as of Aug 31, 2026, down 25.7% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 11.50, down 47.5% from FY2024.
- Across earlier fiscal years, EV to FCF came in at 21.89 in FY2024 (+51.1%) and 14.49 in FY2023.
- The fiscal Q3 2026 figure is the lowest quarterly EV to FCF since fiscal Q2 2025.
- On a year-over-year basis, EV to FCF rose in three of the last eight quarters, with an average decline of 0.4%.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 51.1% in fiscal Q4 2024, against a decline of 47.5% in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 11.31 (Q2 2026), 12.62 (Q1 2026) and 11.50 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 104.57 Bn | 102.62 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 81.21 Bn | 77.66 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 76.81 Bn | 74.17 Bn | 2.29 Bn |
| 4 | Viking Holdings | 37.61 Bn | 22.74 Bn | 996.62 Mn |
| 5 | Carnival | 36.88 Bn | 30.07 Bn | - |
| 6 | Trip.com | 26.06 Bn | -18.93 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 25.91 Bn | 21.88 Bn | - |
| 8 | Hyatt Hotels | 16.64 Bn | 13.80 Bn | 388.00 Mn |
| 9 | H World | 14.17 Bn | 5.58 Bn | 453.94 Mn |
| 10 | Norwegian Cruise Line Holdings | 7.12 Bn | 6.34 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 9.74 |
| May 31, 2026 | 11.31 |
| Feb 28, 2026 | 12.62 |
| Nov 30, 2025 | 11.50 |
| Aug 31, 2025 | 12.17 |
| May 31, 2025 | 8.90 |
| Feb 28, 2025 | 13.64 |
| Nov 30, 2024 | 21.89 |
| Aug 31, 2024 | 14.30 |
| May 31, 2024 | 9.59 |
| Feb 29, 2024 | 11.84 |
| Nov 30, 2023 | 14.49 |
| Feb 29, 2020 | 33.18 |
| Nov 30, 2019 | 664.94 |
| Aug 31, 2019 | 26.23 |
| May 31, 2019 | 32.16 |
| Feb 28, 2019 | 132.59 |
| Nov 30, 2018 | 23.19 |
| Aug 31, 2018 | 21.15 |
| May 31, 2018 | 19.09 |
API Access
Carnival EV to FCF 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-fcf&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();