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.

277.68 2.33 −0.83%
Market cap
$74.9B
P/E
17.1×
Fwd P/E
16.3×
Dividend yield
1.98%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100

Royal Caribbean Cruises Ltd. (RCL) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a EV/Sales of 5.2×. Over the past ten years it has ranged from 1.4× (March 2020) to 432× (September 2021); the current reading is higher than 72% of that period. That is above the Travel Services industry median of 3.1× and above the Consumer Cyclical sector median of 1.0×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 5.4× 10.55%
FY2024 4.8× 30.29%
FY2023 3.7× (2.92%)
FY2022 3.8× (84.46%)
FY2021 24.7× 72.03%
FY2020 14.3× 304.99%
FY2019 3.5× 8.08%
FY2018 3.3× (13.58%)
FY2017 3.8× 17.82%
FY2016 3.2× (12.86%)

Quarterly newest first

Period EV/Sales Change
Jun 2026 5.7× 11.04%
Mar 2026 5.2× (3.69%)
Dec 2025 5.4× (13.38%)
Sep 2025 6.2× 2.75%
42 more quarters

Against its own ten years

Low 1.4× High 432×
Ten-year median 3.8×
Current reading's percentile 69

EV/Sales against peers

Company EV/Sales
TCOM Trip.com Group Limited Sponsored ADR compare 1.8×
EXPE Expedia Group, Inc. compare 2.1×
CCL Carnival Corporation compare 2.1×
NCLH Norwegian Cruise Line Holdings Ltd. compare 2.1×
BKNG Booking Holdings Inc. compare 4.6×
MMYT MakeMyTrip Limited compare 4.9×
RCL Royal Caribbean Cruises Ltd. 5.2×
VIK Viking Holdings Ltd. compare 5.7×
ABNB Airbnb, Inc. compare 7.2×
Travel Services industry median 3.1×
Consumer Cyclical sector median 1.0×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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