Carnival (CCL) Land & Improvements (2009 - 2025)
Carnival's (CCL) quarterly Land & Improvements came in at $5.3 billion in Q4 2025, up 12.96% on a YoY basis from $4.7 billion in Q4 2024, and up 12.96% quarter-over-quarter from $4.7 billion in Q4 2024.
Analysis
Carnival (CCL) Land & Improvements (2009 - 2025) Analysis & Trends
Carnival (CCL) has reported Land & Improvements for 17 consecutive years, with $5.3 billion the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Land & Improvements rose 12.96% year-over-year to $5.3 billion; the trailing twelve-month figure through Nov 2025 stood at $5.3 billion (up 12.96% YoY), and the FY2025 full-year result was $5.3 billion, up 12.96% from the prior year.
- Land & Improvements grew to $5.3 billion in Q4 2025 per CCL's latest filing, from $4.7 billion in the prior quarter.
- Across five years, Land & Improvements topped out at $5.3 billion in Q4 2025 and bottomed at $3.9 billion in Q4 2021.
- Historically, Land & Improvements has averaged $4.4 billion across 5 years, with a median of $4.2 billion in 2023.
- The sharpest annual moves came in 2021 and 2025: Land & Improvements fell 1.6% in 2021, then rose 12.96% in 2025.
- Over 5 years, Land & Improvements stood at $3.9 billion in 2021, then gained by 1.07% to $4.0 billion in 2022, then gained by 6.12% to $4.2 billion in 2023, then rose by 11.68% to $4.7 billion in 2024, then climbed by 12.96% to $5.3 billion in 2025.
- According to Business Quant data, Land & Improvements over the past three periods registered $5.3 billion, $4.7 billion, and $4.2 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (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
Download Data
Historic Data
| Date | Value |
|---|---|
| Nov 30, 2025 | 5.32 Bn |
| Nov 30, 2024 | 4.71 Bn |
| Nov 30, 2023 | 4.21 Bn |
| Nov 30, 2022 | 3.97 Bn |
| Nov 30, 2021 | 3.93 Bn |
| Nov 30, 2020 | 3.99 Bn |
| Nov 30, 2019 | 3.84 Bn |
| Nov 30, 2018 | 3.66 Bn |
| Nov 30, 2017 | 3.33 Bn |
| Nov 30, 2016 | 2.68 Bn |
| Nov 30, 2015 | 1.07 Bn |
| Nov 30, 2014 | 1.09 Bn |
| Nov 30, 2013 | 971.00 Mn |
| Nov 30, 2012 | 901.00 Mn |
| Nov 30, 2011 | 898.00 Mn |
| Nov 30, 2010 | 858.00 Mn |
| Nov 30, 2009 | 864.00 Mn |