Carnival (CCL) Invested Capital (2009 - 2026)
Carnival (CCL) reported Invested Capital of $38.12 billion for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 0.8% from $38.41 billion a year earlier but up 0.6% from the prior quarter.
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Analysis
Carnival (CCL) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Carnival posted Invested Capital of $38.92 billion, up 6.0% from FY2024.
- Invested Capital has a five-year compound annual growth rate of -3.9% (FY2020 to FY2025).
- By fiscal year, Invested Capital came in at $36.73 billion in FY2024 (-1.9%), $37.45 billion in FY2023 (-10.0%), $41.61 billion in FY2022 (-8.3%) and $45.38 billion in FY2021 (-4.5%).
- Five-year quarterly Invested Capital spans a low of $36.15 billion in fiscal Q2 2024 and a high of $45.38 billion in fiscal Q4 2021.
- Year over year, Invested Capital gained in five of the last eight quarters, with growth averaging 1.7%.
- The high point for year-over-year Invested Capital in five years was fiscal Q4 2025 (growth of 6.0%); the low point was fiscal Q1 2022 (a decline of 11.6%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $37.87 billion (Q2 2026), $38.34 billion (Q1 2026) and $38.92 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.47 Bn | 101.52 Bn | 1.55 Bn | 12.39 Bn |
| 2 | Hilton Worldwide Holdings | 80.78 Bn | 77.26 Bn | 3.08 Bn | 7.04 Bn |
| 3 | Royal Caribbean Cruises | 76.57 Bn | 74.15 Bn | 2.29 Bn | 33.30 Bn |
| 4 | Viking Holdings | 38.33 Bn | 23.45 Bn | 996.62 Mn | 7.60 Bn |
| 5 | Carnival | 36.41 Bn | 29.62 Bn | - | 38.12 Bn |
| 6 | Intercontinental Hotels | 27.66 Bn | 23.63 Bn | - | -4.02 Bn |
| 7 | Trip.com | 25.70 Bn | -19.06 Bn | 1.84 Bn | 27.53 Bn |
| 8 | Hyatt Hotels | 16.69 Bn | 14.17 Bn | 388.00 Mn | 7.91 Bn |
| 9 | H World | 14.22 Bn | 5.66 Bn | 453.94 Mn | 2.72 Bn |
| 10 | Norwegian Cruise Line Holdings | 7.13 Bn | 6.35 Bn | 1.05 Bn | 17.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 38.12 Bn |
| May 31, 2026 | 37.87 Bn |
| Feb 28, 2026 | 38.34 Bn |
| Nov 30, 2025 | 38.92 Bn |
| Aug 31, 2025 | 38.41 Bn |
| May 31, 2025 | 37.26 Bn |
| Feb 28, 2025 | 36.20 Bn |
| Nov 30, 2024 | 36.73 Bn |
| Aug 31, 2024 | 37.45 Bn |
| May 31, 2024 | 36.15 Bn |
| Feb 29, 2024 | 37.42 Bn |
| Nov 30, 2023 | 37.45 Bn |
| Aug 31, 2023 | 38.26 Bn |
| May 31, 2023 | 39.58 Bn |
| Feb 28, 2023 | 41.31 Bn |
| Nov 30, 2022 | 41.61 Bn |
| Aug 31, 2022 | 42.45 Bn |
| May 31, 2022 | 43.39 Bn |
| Feb 28, 2022 | 45.21 Bn |
| Nov 30, 2021 | 45.38 Bn |
API Access
Carnival Invested Capital 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=invested-capital&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();