Friday 6 November 2026 Export RCL’s income statement to Excel — free account

Royal Caribbean Cruises Ltd.

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

Revenue: +8.80%
EPS: +12.2%
Free cash flow: +194.7%
Total debt: +10.2%

Quarter to September 2026, against a year earlier

326.24 3.51 +1.09%

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Market cap: $86.3B
P/E: 19.2×
Fwd P/E: 17.4×
Dividend yield: 1.69%
F-score: 7/9
Altman Z: 2.18
Beneish M: −2.86
Dividend safety: 57/100

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Royal Caribbean Cruises Ltd. (RCL) P/E ratio

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As of 6 November 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a P/E ratio of 19.2×. Over the past ten years it has ranged from 0.0× (September 2023) to 86.3× (June 2020); the current reading is higher than 72% of that period. That is in line with the Travel Services industry median of 19.2× and above the Consumer Cyclical sector median of 17.5×.

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<iframe src="https://stockrow.com/embed/RCL/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Royal Caribbean Cruises Ltd. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/RCL/metrics/pe-ratio">Royal Caribbean Cruises Ltd. (RCL) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	17.7×	(15.45%)
FY2024	21.0×	15.73%
FY2023	18.1×	—
FY2022	0.0×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	14.9×	31.20%
FY2018	11.3×	(28.57%)
FY2017	15.9×	13.23%
FY2016	14.0×	(57.87%)

Period	P/E ratio	Change
Sep 2026	15.7×	(19.76%)
Jun 2026	19.5×	17.09%
Mar 2026	16.7×	(6.00%)
Dec 2025	17.7×	(17.75%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 86.3×

Ten-year median 15.9×

Current reading's percentile 69

Company	P/E ratio
TCOM Trip.com Group Limited Sponsored ADR compare	8.3×
NCLH Norwegian Cruise Line Holdings Ltd. compare	9.9×
CCL Carnival Corporation compare	12.8×
EXPE Expedia Group, Inc. compare	14.7×
BKNG Booking Holdings Inc. compare	17.3×
RCL Royal Caribbean Cruises Ltd.	19.2×
VIK Viking Holdings Ltd. compare	28.8×
ABNB Airbnb, Inc. compare	35.1×
MMYT MakeMyTrip Limited compare	119×
Travel Services industry median	19.2×
Consumer Cyclical sector median	17.5×
Market median	17.8×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Royal Caribbean Cruises Ltd. (RCL) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on RCL

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on RCL

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