Royal Caribbean Cruises (RCL) EV to CFO (2009 - 2026)
Royal Caribbean Cruises' (RCL) EV to CFO came in at 10.23 for Q3 2026, down 26.7% from 13.95 a year earlier and down 17.7% from the prior quarter.
Powered by 
Analysis
Royal Caribbean Cruises (RCL) EV to CFO (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to CFO at Royal Caribbean Cruises was 9.90, down 27.8% year-over-year; for FY2025, it came in at 11.58, down 1.5% from FY2024.
- In prior years, Royal Caribbean Cruises' EV to CFO was 11.75 in FY2024 (+59.9%), 7.35 in FY2023 (-66.9%) and 22.22 in FY2022.
- The Q3 2026 figure stands as the lowest quarterly EV to CFO since Q1 2025.
- On a year-over-year basis, EV to CFO increased in five of the last eight quarters, with growth averaging 20.7%.
- The strongest year-over-year quarter for EV to CFO in the past five years was Q2 2025, with growth of 68.7%; the weakest was Q4 2023, with a decline of 66.9%.
- According to Business Quant data, EV to CFO for the three prior quarters was 12.42 (Q2 2026), 11.02 (Q1 2026) and 11.58 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.23 |
| Jun 30, 2026 | 12.42 |
| Mar 31, 2026 | 11.02 |
| Dec 31, 2025 | 11.58 |
| Sep 30, 2025 | 13.95 |
| Jun 30, 2025 | 14.73 |
| Mar 31, 2025 | 9.99 |
| Dec 31, 2024 | 11.75 |
| Sep 30, 2024 | 9.66 |
| Jun 30, 2024 | 8.73 |
| Mar 31, 2024 | 7.90 |
| Dec 31, 2023 | 7.35 |
| Sep 30, 2023 | 5.89 |
| Jun 30, 2023 | 8.05 |
| Mar 31, 2023 | 6.74 |
| Dec 31, 2022 | 22.22 |
| Mar 31, 2020 | 1.21 |
| Dec 31, 2019 | 7.60 |
| Sep 30, 2019 | 5.99 |
| Jun 30, 2019 | 6.87 |
API Access
Royal Caribbean Cruises EV to CFO 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=ev-to-cfo&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();