Royal Caribbean Cruises (RCL) Enterprise Value (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Enterprise Value came in at -$517.0 million in Q1 2026, down 115.42% year-on-year from $3.4 billion in Q1 2025, and up 29.37% quarter-over-quarter from -$732.0 million in Q4 2025.
Royal Caribbean Cruises (RCL) Enterprise Value (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Enterprise Value across 18 years of filings, most recently posting -$517.0 million for Q1 2026.
- Enterprise Value for Q1 2026 came in at -$517.0 million, down 115.42% year-over-year; the trailing twelve-month figure through Mar 2026 was -$517.0 million (down 115.42% YoY), and the FY2025 annual result was -$732.0 million, down 222.47% from the prior year.
- Enterprise Value came in at -$517.0 million for Q1 2026 at Royal Caribbean Cruises, up from -$732.0 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$227.0 million in Q4 2024 to a low of -$2.3 billion in Q2 2022.
- The 5-year median for Enterprise Value is -$517.0 million (2026), against an average of -$844.0 million.
- Across the five-year window, Enterprise Value surged 82.6% in 2023 and tumbled 222.47% in 2025, its largest moves.
- Royal Caribbean Cruises' Enterprise Value stood at -$2.0 billion in 2022, then soared by 82.6% to -$347.0 million in 2023, then soared by 34.58% to -$227.0 million in 2024, then sank by 222.47% to -$732.0 million in 2025, then increased by 29.37% to -$517.0 million in 2026.
- The last three Enterprise Value figures came in at -$517.0 million (Q1 2026), -$732.0 million (Q4 2025), and -$414.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -16.02 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -12.01 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -517.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -1.41 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -5.79 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -185.00 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -437.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | -255.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -5.21 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -765.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -517.00 Mn |
| Dec 31, 2025 | -732.00 Mn |
| Sep 30, 2025 | -414.00 Mn |
| Jun 30, 2025 | -796.00 Mn |
| Mar 31, 2025 | -240.00 Mn |
| Dec 31, 2024 | -227.00 Mn |
| Sep 30, 2024 | -279.00 Mn |
| Jun 30, 2024 | -268.00 Mn |
| Mar 31, 2024 | -315.00 Mn |
| Dec 31, 2023 | -347.00 Mn |
| Sep 30, 2023 | -496.87 Mn |
| Jun 30, 2023 | -569.08 Mn |
| Mar 31, 2023 | -1.07 Bn |
| Dec 31, 2022 | -1.99 Bn |
| Sep 30, 2022 | -1.66 Bn |
| Jun 30, 2022 | -2.27 Bn |
| Mar 31, 2022 | -2.15 Bn |
| Dec 31, 2021 | -2.77 Bn |
| Sep 30, 2021 | -3.36 Bn |
| Jun 30, 2021 | -4.31 Bn |