Carnival (CCL) Invested Capital (2009 - 2026)
Carnival's (CCL) quarterly Invested Capital came in at $40.0 billion in Q2 2026, up 1.67% on a YoY basis from $39.4 billion in Q2 2025, and down 1.31% quarter-over-quarter from $40.6 billion in Q1 2026.
Analysis
Carnival (CCL) Invested Capital (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Invested Capital for 18 consecutive years, with $40.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 1.67% year-over-year to $40.0 billion; the trailing twelve-month figure through May 2026 stood at $40.0 billion (up 1.67% YoY), and the FY2025 full-year result was $38.9 billion, up 5.99% from the prior year.
- Invested Capital retreated to $40.0 billion in Q2 2026 per CCL's latest filing, from $40.6 billion in the prior quarter.
- Across five years, Invested Capital topped out at $51.5 billion in Q1 2022 and bottomed at $36.7 billion in Q4 2024.
- Historically, Invested Capital has averaged $41.8 billion across 5 years, with a median of $40.5 billion in 2024.
- The sharpest annual moves came in 2023 and 2025: Invested Capital slipped 16.22% in 2023, then climbed 5.99% in 2025.
- Over 5 years, Invested Capital stood at $41.6 billion in 2022, then slipped by 9.99% to $37.5 billion in 2023, then slipped by 1.95% to $36.7 billion in 2024, then grew by 5.99% to $38.9 billion in 2025, then climbed by 2.83% to $40.0 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $40.0 billion, $40.6 billion, and $38.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 33.31 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 7.60 Bn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 40.03 Bn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 17.61 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 468.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 40.03 Bn |
| Feb 28, 2026 | 40.56 Bn |
| Nov 30, 2025 | 38.92 Bn |
| Aug 31, 2025 | 40.53 Bn |
| May 31, 2025 | 39.37 Bn |
| Feb 28, 2025 | 38.42 Bn |
| Nov 30, 2024 | 36.73 Bn |
| Aug 31, 2024 | 40.46 Bn |
| May 31, 2024 | 39.15 Bn |
| Feb 29, 2024 | 40.43 Bn |
| Nov 30, 2023 | 37.45 Bn |
| Aug 31, 2023 | 40.83 Bn |
| May 31, 2023 | 42.17 Bn |
| Feb 28, 2023 | 44.60 Bn |
| Nov 30, 2022 | 41.61 Bn |
| Aug 31, 2022 | 48.74 Bn |
| May 31, 2022 | 50.06 Bn |
| Feb 28, 2022 | 51.51 Bn |
| Nov 30, 2021 | 46.25 Bn |
| Aug 31, 2021 | 53.03 Bn |