Royal Caribbean Cruises (RCL) EV to EBITDA (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly EV to EBITDA came in at 64.44 in Q2 2026, up 1.64% year-over-year from 63.4 in Q2 2025, and up 2.18% quarter-over-quarter from 63.07 in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) EV to EBITDA (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed EV to EBITDA across 18 years of filings, most recently posting 64.44 for Q2 2026.
- In Q2 2026, EV to EBITDA rose 1.64% year-over-year to 64.44; the TTM figure through Jun 2026 stood at 16.5 (down 11.24% YoY), while the FY2025 annual figure was 15.22, up 1.02% from the prior year.
- EV to EBITDA came in at 64.44 for Q2 2026 at Royal Caribbean Cruises, up from 63.07 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 791.54 in Q4 2022 to a low of 30.32 in Q2 2022.
- Average EV to EBITDA over 5 years is 84.81, with a median of 54.49 recorded in 2025.
- Year-over-year, EV to EBITDA jumped 4944.03% in 2022 and sank 92.71% in 2023.
- Over 5 years, EV to EBITDA stood at 791.54 in 2022, then sank by 92.71% to 57.7 in 2023, then soared by 71.82% to 99.13 in 2024, then fell by 19.21% to 80.09 in 2025, then retreated by 19.54% to 64.44 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 64.44 in Q2 2026, 63.07 in Q1 2026, and 80.09 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 | 64.44 |
| Mar 31, 2026 | 63.07 |
| Dec 31, 2025 | 80.09 |
| Sep 30, 2025 | 51.60 |
| Jun 30, 2025 | 63.40 |
| Mar 31, 2025 | 58.78 |
| Dec 31, 2024 | 99.13 |
| Sep 30, 2024 | 29.01 |
| Jun 30, 2024 | 37.10 |
| Mar 31, 2024 | 47.28 |
| Dec 31, 2023 | 57.70 |
| Sep 30, 2023 | 18.27 |
| Jun 30, 2023 | 33.70 |
| Mar 31, 2023 | 57.37 |
| Dec 31, 2022 | 791.54 |
| Sep 30, 2022 | 26.83 |
| Jun 30, 2022 | -30.32 |
| Mar 31, 2022 | -22.33 |
| Dec 31, 2021 | -16.34 |
| Sep 30, 2021 | -19.18 |