Investing
CapEx
Carnival Corporation CapEx decreased by 62.4% to $566.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.8%, from $607.00M to $566.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a 0.0% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $383.00M | $963.00M | $487.00M | $2.73B | $491.00M | $538.00M | $1.18B | $1.08B | $697.00M | $837.00M | $675.00M | $2.14B | $1.32B | $577.00M | $592.00M | $607.00M | $851.00M | $647.00M | $1.51B | $566.00M |
| QoQ Change | — | +151.4% | -49.4% | +460.6% | -82.0% | +9.6% | +119.5% | -9.0% | -35.2% | +20.1% | -19.4% | +216.7% | -38.3% | -56.3% | +2.6% | +2.5% | +40.2% | -24.0% | +132.8% | -62.4% |
| YoY Change | — | — | — | — | +28.2% | -44.1% | +142.5% | -60.6% | +42.0% | +55.6% | -42.8% | +98.9% | +89.2% | -31.1% | -12.3% | -71.6% | -35.5% | +12.1% | +154.4% | -6.8% |
Range$383.00M – $2.73B
CAGR+8.6%
Avg YoY Growth+19.9%
Median YoY Growth+2.7%
CapEx at Other Companies
Frequently Asked Questions
- What is Carnival Corporation's capex?
- Carnival Corporation (CCL) reported capex of $566.00M in Q4 2025.
- How has Carnival Corporation's capex changed year-over-year?
- Carnival Corporation's capex decreased by 6.8% year-over-year, from $607.00M to $566.00M.
- What is the long-term trend for Carnival Corporation's capex?
- Over 4 years (2021 to 2025), Carnival Corporation's capex has grown at a 0.0% compound annual growth rate (CAGR), from $3.61B to $3.61B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.