What is Carnival Corporation's ships and ship improvements?

Carnival Corporation (CCL) reported ships and ship improvements of $40.70B in Q4 2025.

How has Carnival Corporation's ships and ship improvements changed year-over-year?

Carnival Corporation's ships and ship improvements increased by 4.4% year-over-year, from $39.00B to $40.70B.

Ships and ship improvements

Carnival Corporation Ships and ship improvements increased by 2.5% to $40.70B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.4%, from $39.00B to $40.70B.

Analysis

StatementBalance Sheet Statement

SectionOther

First reportedQ4 2022

Last reportedQ4 2025

Metric ID: other_ships_and_ship_improvements_gross

Historical Data

10 periods

	Q4 '22	Q1 '23	Q2 '23	Q4 '23	Q1 '24	Q2 '24	Q4 '24	Q1 '25	Q2 '25	Q4 '25
Value	$37.20B	$37.10B	$37.30B	$39.30B	$40.00B	$40.00B	$39.00B	$39.80B	$39.70B	$40.70B
QoQ Change	—	-0.3%	+0.5%	+5.4%	+1.8%	+0.0%	-2.5%	+2.1%	-0.3%	+2.5%
YoY Change	—	—	—	+5.6%	+7.8%	+7.2%	-0.8%	-0.5%	-0.8%	+4.4%

Range$37.10B – $40.70B

CAGR+4.1%

Avg YoY Growth+3.3%

Median YoY Growth+4.4%

Frequently Asked Questions

What is Carnival Corporation's ships and ship improvements?: Carnival Corporation (CCL) reported ships and ship improvements of $40.70B in Q4 2025.
How has Carnival Corporation's ships and ship improvements changed year-over-year?: Carnival Corporation's ships and ship improvements increased by 4.4% year-over-year, from $39.00B to $40.70B.