Royal Caribbean Cruises (RCL) Enterprise Value (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Enterprise Value of $70.53 billion for Q3 2026, down 19.9% from $88.01 billion a year earlier and down 16.3% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Enterprise Value (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Enterprise Value at Royal Caribbean Cruises was $68.31 billion, down 21.0% year-over-year; for FY2025, it was $74.84 billion, up 21.0% from FY2024.
- Annual Enterprise Value has increased for three consecutive years, with a five-year compound annual growth rate of 39.7% (FY2020 to FY2025).
- In prior years, Royal Caribbean Cruises' Enterprise Value was $61.87 billion in FY2024 (+88.0%), $32.91 billion in FY2023 (+208.0%), $10.69 billion in FY2022 (-36.8%) and $16.91 billion in FY2021 (+20.3%).
- The Q3 2026 figure stands as the lowest quarterly Enterprise Value since Q1 2025.
- On a year-over-year basis, Enterprise Value increased in six of the last eight quarters, with growth averaging 46.3%.
- The strongest year-over-year quarter for Enterprise Value in the past five years was Q2 2023, with growth of 282.6%; the weakest was Q2 2022, with a decline of 61.0%.
- According to Business Quant data, Enterprise Value for the three prior quarters was $84.27 billion (Q2 2026), $73.51 billion (Q1 2026) and $74.84 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 109.41 Bn | 107.68 Bn | 1.54 Bn |
| 2 | Royal Caribbean Cruises | 90.23 Bn | 87.16 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 83.56 Bn | 80.30 Bn | 3.05 Bn |
| 4 | Carnival | 41.76 Bn | 34.95 Bn | - |
| 5 | Viking Holdings | 38.86 Bn | 23.99 Bn | 996.62 Mn |
| 6 | Trip.com | 28.88 Bn | -16.15 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 27.81 Bn | 23.78 Bn | - |
| 8 | Hyatt Hotels | 17.41 Bn | 14.83 Bn | 384.00 Mn |
| 9 | H World | 15.43 Bn | 6.84 Bn | 456.00 Mn |
| 10 | U-Haul Holding | 10.98 Bn | 6.62 Bn | 1.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 70.53 Bn |
| Jun 30, 2026 | 84.27 Bn |
| Mar 31, 2026 | 73.51 Bn |
| Dec 31, 2025 | 74.84 Bn |
| Sep 30, 2025 | 88.01 Bn |
| Jun 30, 2025 | 84.51 Bn |
| Mar 31, 2025 | 55.59 Bn |
| Dec 31, 2024 | 61.87 Bn |
| Sep 30, 2024 | 47.45 Bn |
| Jun 30, 2024 | 40.82 Bn |
| Mar 31, 2024 | 35.51 Bn |
| Dec 31, 2023 | 32.91 Bn |
| Sep 30, 2023 | 23.18 Bn |
| Jun 30, 2023 | 26.03 Bn |
| Mar 31, 2023 | 15.65 Bn |
| Dec 31, 2022 | 10.69 Bn |
| Sep 30, 2022 | 8.07 Bn |
| Jun 30, 2022 | 6.80 Bn |
| Mar 31, 2022 | 19.36 Bn |
| Dec 31, 2021 | 16.91 Bn |
API Access
Royal Caribbean Cruises Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();