Business Segments · CapEx
Cruise Support — CapEx
Carnival Corporation Cruise Support — CapEx decreased by 37.9% to $113.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 37.9%, from $182.00M to $113.00M. Over 3 years (FY 2021 to FY 2024), Cruise Support — CapEx shows a downward trend with a -16.7% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ2 2020
Last reportedQ4 2025
How to read this metric
Higher spending may signal growth initiatives or infrastructure modernization, while lower spending may indicate a focus on cash preservation or completed investment cycles.
Detailed definition
This represents the funds used by the cruise support segment to acquire, upgrade, or maintain physical assets such as lo...
Peer comparison
Comparable to maintenance and growth capital expenditures in logistics or corporate infrastructure segments of global travel companies.
Metric ID:
ccl_segment_cruise_support_capital_expendituresHistorical Data
17 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 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $165.00M | $165.00M | $165.00M | $38.75M | $38.75M | $38.75M | $38.75M | $44.75M | $44.75M | $44.75M | $44.75M | $95.50M | $95.50M | $95.50M | $95.50M | $182.00M | $113.00M |
| QoQ Change | — | +0.0% | +0.0% | -76.5% | +0.0% | +0.0% | +0.0% | +15.5% | +0.0% | +0.0% | +0.0% | +113.4% | +0.0% | +0.0% | +0.0% | +90.6% | -37.9% |
| YoY Change | — | — | — | — | -76.5% | -76.5% | -76.5% | +15.5% | +15.5% | +15.5% | +15.5% | +113.4% | +113.4% | +113.4% | +113.4% | +90.6% | -37.9% |
Range$38.75M – $182.00M
CAGR-9.0%
Avg YoY Growth+26.1%
Median YoY Growth+15.5%
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Frequently Asked Questions
- What is Carnival Corporation's cruise support — capex?
- Carnival Corporation (CCL) reported cruise support — capex of $113.00M in Q4 2025.
- How has Carnival Corporation's cruise support — capex changed year-over-year?
- Carnival Corporation's cruise support — capex decreased by 37.9% year-over-year, from $182.00M to $113.00M.
- What is the long-term trend for Carnival Corporation's cruise support — capex?
- Over 3 years (2021 to 2024), Carnival Corporation's cruise support — capex has grown at a -16.7% compound annual growth rate (CAGR), from $660.00M to $382.00M.
- What does cruise support — capex mean?
- The amount of money spent on long-term assets to support cruise operations.