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
DateValue
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