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
+8.80%
EPS
+11.6%
Free cash flow
+194.7%
Total debt
+10.2%

Quarter to September 2026, against a year earlier

326.25 3.52 +1.09%
Market cap
$86.3B
P/E
19.0×
Fwd P/E
17.4×
Dividend yield
1.70%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100

Royal Caribbean Cruises Ltd. (RCL) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Royal Caribbean Cruises Ltd. (RCL) trades at a price to free cash flow of 57.0×. Over the past ten years it has ranged from 0.0× (September 2026) to 968× (March 2017); the current reading is higher than 87% of that period. That is above the Travel Services industry median of 13.1× and above the Consumer Cyclical sector median of 12.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 61.2× 102.83%
FY2024 30.2× (43.14%)
FY2023 53.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 40.4× —
FY2018 0.0× —
FY2017 10.2× (98.74%)
FY2016 809× 1,112.70%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 47.0× —
Jun 2026 0.0× —
Mar 2026 54.2× (11.38%)
Dec 2025 61.2× 41.40%
43 more quarters

Against its own ten years

Low 0.0× High 968×
Ten-year median 11.1×
Current reading's percentile 87

Price to free cash flow against peers

Company Price to free cash flow
NCLH Norwegian Cruise Line Holdings Ltd. compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 3.5×
EXPE Expedia Group, Inc. compare 8.8×
CCL Carnival Corporation compare 12.6×
BKNG Booking Holdings Inc. compare 13.6×
ABNB Airbnb, Inc. compare 20.3×
VIK Viking Holdings Ltd. compare 33.5×
MMYT MakeMyTrip Limited compare 42.9×
RCL Royal Caribbean Cruises Ltd. 57.0×
Travel Services industry median 13.1×
Consumer Cyclical sector median 12.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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