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. In the quarter to June 2026, revenue grew 6.48%, EPS fell 5.39%, free cash flow fell 196.4% and total debt rose 20.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for five.
Follow RCL
Royal Caribbean Cruises Ltd. (RCL) EV/FCF
As of 9 October 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a EV/FCF of −235×. Over the past ten years it has ranged from −264× (August 2026) to 1,382× (March 2017); the current reading is higher than 2% of that period.
EV/FCF, daily
Embed this chart
Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 77.8× | 94.35% |
| FY2024 | 40.0× | (55.12%) |
| FY2023 | 89.2× | — |
| FY2022 | −15.2× | — |
| FY2021 | −9.6× | — |
| FY2020 | −5.6× | — |
| FY2019 | 56.0× | — |
| FY2018 | −172× | — |
| FY2017 | 13.1× | (98.93%) |
| FY2016 | 1,224× | 1,230.61% |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | −257× | — |
| Mar 2026 | 69.2× | (10.98%) |
| Dec 2025 | 77.8× | 46.71% |
| Sep 2025 | 53.0× | 83.77% |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| RCL Royal Caribbean Cruises Ltd. | −235× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | −18.5× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 2.1× |
| EXPE Expedia Group, Inc. compare | 6.9× |
| BKNG Booking Holdings Inc. compare | 13.2× |
| CCL Carnival Corporation compare | 18.4× |
| ABNB Airbnb, Inc. compare | 18.9× |
| VIK Viking Holdings Ltd. compare | 33.4× |
| MMYT MakeMyTrip Limited compare | 43.8× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on RCL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement