Pricing Log in Create free account
Sunday 1 November 2026 Export RCL’s income statement to Excel — free account

Royal Caribbean Cruises Ltd.

RCL Consumer Cyclical Travel Services

Royal Caribbean Cruises Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $17.9 billion, up 8.80% from fiscal 2024.

Revenue
+6.48%
EPS
−5.39%
Free cash flow
−196.4%
Total debt
+20.1%

Quarter to June 2026, against a year earlier

307.18 3.36 −1.08%
Market cap
$83.1B
P/E
18.9×
Fwd P/E
17.4×
Dividend yield
1.79%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Filings

Royal Caribbean Cruises Ltd. (RCL) EV/EBITDA

Alert me on EV/EBITDA

As of 30 October 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a EV/EBITDA of 14.9×. Over the past ten years it has ranged from 0.0× (December 2022) to 50.7× (February 2023); the current reading is higher than 83% of that period. That is above the Travel Services industry median of 13.5× and above the Consumer Cyclical sector median of 9.6×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 14.3× 3.82%
FY2024 13.8× 18.23%
FY2023 11.6× (72.37%)
FY2022 42.1× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 11.4× 9.57%
FY2018 10.4× (14.07%)
FY2017 12.1× 7.68%
FY2016 11.3× (35.47%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 15.3× 13.41%
Mar 2026 13.5× (5.39%)
Dec 2025 14.3× (15.59%)
Sep 2025 16.9× 2.70%
42 more quarters

Against its own ten years

Low 0.0× High 50.7×
Ten-year median 12.1×
Current reading's percentile 83

EV/EBITDA against peers

Company EV/EBITDA
NCLH Norwegian Cruise Line Holdings Ltd. compare 8.3×
EXPE Expedia Group, Inc. compare 8.4×
CCL Carnival Corporation compare 8.4×
TCOM Trip.com Group Limited Sponsored ADR compare 11.1×
BKNG Booking Holdings Inc. compare 11.9×
RCL Royal Caribbean Cruises Ltd. 14.9×
TNL Travel + Leisure Co. compare 16.8×
VIK Viking Holdings Ltd. compare 21.4×
ABNB Airbnb, Inc. compare 32.8×
Travel Services industry median 13.5×
Consumer Cyclical sector median 9.6×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on RCL