Royal Caribbean Cruises (RCL) EV to EBITDA (2009 - 2026)
Royal Caribbean Cruises' EV to EBITDA came in at 12.18 for Q2 2026, down 10.9% from 13.67 a year earlier but up 14.2% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) EV to EBITDA (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Royal Caribbean Cruises reported EV to EBITDA of 11.93, down 11.5% year-over-year; for FY2025, it came in at 11.29, up 4.1% from FY2024.
- Going back by year, EV to EBITDA was 10.84 in FY2024 (+42.8%), 7.60 in FY2023 (-54.4%) and 16.67 in FY2022.
- The five-year range for quarterly EV to EBITDA is 6.15 (Q3 2023) to 16.67 (Q4 2022).
- Year-over-year, EV to EBITDA increased in seven of the last eight quarters, with growth averaging 31.9%.
- The fastest year-over-year change in EV to EBITDA over five years came in Q2 2025 (growth of 74.1%), and the weakest in Q4 2023 (a decline of 54.4%).
- Business Quant data shows RCL's EV to EBITDA at 10.67 (Q1 2026), 11.29 (Q4 2025) and 14.03 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.18 |
| Mar 31, 2026 | 10.67 |
| Dec 31, 2025 | 11.29 |
| Sep 30, 2025 | 14.03 |
| Jun 30, 2025 | 13.67 |
| Mar 31, 2025 | 9.38 |
| Dec 31, 2024 | 10.84 |
| Sep 30, 2024 | 8.46 |
| Jun 30, 2024 | 7.86 |
| Mar 31, 2024 | 7.34 |
| Dec 31, 2023 | 7.60 |
| Sep 30, 2023 | 6.15 |
| Jun 30, 2023 | 9.32 |
| Mar 31, 2023 | 8.73 |
| Dec 31, 2022 | 16.67 |
| Mar 31, 2020 | 1.97 |
| Dec 31, 2019 | 8.48 |
| Sep 30, 2019 | 6.86 |
| Jun 30, 2019 | 8.04 |
| Mar 31, 2019 | 8.04 |
API Access
Royal Caribbean Cruises EV to EBITDA 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-ebitda&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();