Royal Caribbean Cruises (RCL) EV to CFO (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly EV to CFO came in at 45.28 in Q2 2026, down 6.17% year-over-year from 48.26 in Q2 2025, and up 13.32% quarter-over-quarter from 39.96 in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) EV to CFO (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed EV to CFO across 18 years of filings, most recently posting 45.28 for Q2 2026.
- In Q2 2026, EV to CFO fell 6.17% year-over-year to 45.28; the TTM figure through Jun 2026 stood at 12.41 (down 15.49% YoY), while the FY2025 annual figure was 11.56, down 1.62% from the prior year.
- EV to CFO came in at 45.28 for Q2 2026 at Royal Caribbean Cruises, up from 39.96 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 59.79 in Q3 2025 to a low of 179.81 in Q3 2022.
- Average EV to CFO over 5 years is 18.47, with a median of 31.81 recorded in 2023.
- The largest YoY upside for EV to CFO was 136.72% in 2022 against a maximum downside of 275.8% in 2022.
- Over 5 years, EV to CFO stood at 18.46 in 2022, then jumped by 59.64% to 29.47 in 2023, then soared by 43.09% to 42.17 in 2024, then grew by 9.19% to 46.04 in 2025, then fell by 1.64% to 45.28 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 45.28 in Q2 2026, 39.96 in Q1 2026, and 46.04 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.28 |
| Mar 31, 2026 | 39.96 |
| Dec 31, 2025 | 46.04 |
| Sep 30, 2025 | 59.79 |
| Jun 30, 2025 | 48.26 |
| Mar 31, 2025 | 34.14 |
| Dec 31, 2024 | 42.17 |
| Sep 30, 2024 | 52.85 |
| Jun 30, 2024 | 25.92 |
| Mar 31, 2024 | 26.70 |
| Dec 31, 2023 | 29.47 |
| Sep 30, 2023 | 35.07 |
| Jun 30, 2023 | 18.66 |
| Mar 31, 2023 | 11.91 |
| Dec 31, 2022 | 18.46 |
| Sep 30, 2022 | -179.81 |
| Jun 30, 2022 | 13.85 |
| Mar 31, 2022 | -36.27 |
| Dec 31, 2021 | -82.12 |
| Sep 30, 2021 | -47.85 |