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Royal Caribbean is the world's second-largest cruise company by revenues, operating 67 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021 and plans to launch its new Celebrity River Cruise brand in 2027.
1985
106K+
LTM Revenue $17.1B
LTM EBITDA $6.3B
$89.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Royal Caribbean has a last 12-month revenue (LTM) of $17.1B and a last 12-month EBITDA of $6.3B.
In the most recent fiscal year, Royal Caribbean achieved revenue of $16.5B and an EBITDA of $6.1B.
Royal Caribbean expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Royal Caribbean valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $17.1B | XXX | $16.5B | XXX | XXX | XXX |
| Gross Profit | $8.3B | XXX | $7.8B | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $6.3B | XXX | $6.1B | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBIT | $4.5B | XXX | $4.1B | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $3.6B | XXX | $2.9B | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $19.7B | XXX | XXX | XXX |
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As of May 30, 2025, Royal Caribbean's stock price is $257.
Royal Caribbean has current market cap of $69.8B, and EV of $89.5B.
See Royal Caribbean trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $89.5B | $69.8B | XXX | XXX | XXX | XXX | $13.26 |
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Start Free TrialAs of May 30, 2025, Royal Caribbean has market cap of $69.8B and EV of $89.5B.
Royal Caribbean's trades at 5.4x EV/Revenue multiple, and 14.7x EV/EBITDA.
Equity research analysts estimate Royal Caribbean's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Royal Caribbean has a P/E ratio of 19.2x.
See valuation multiples for Royal Caribbean and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $69.8B | XXX | $69.8B | XXX | XXX | XXX |
| EV (current) | $89.5B | XXX | $89.5B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | 14.2x | XXX | 14.7x | XXX | XXX | XXX |
| EV/EBIT | 20.0x | XXX | 21.8x | XXX | XXX | XXX |
| EV/Gross Profit | 10.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 19.2x | XXX | 24.3x | XXX | XXX | XXX |
| EV/FCF | 49.6x | XXX | 44.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialRoyal Caribbean's last 12 month revenue growth is 9%
Royal Caribbean's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $35K for the same period.
Royal Caribbean's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Royal Caribbean's rule of X is 60% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Royal Caribbean and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 22% | XXX | XXX | XXX |
| Rule of 40 | 42% | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $35K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Kiriacoulis Mediterranean | XXX | XXX | XXX | XXX | XXX | XXX |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| Salamis Tours | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival plc | XXX | XXX | XXX | XXX | XXX | XXX |
| Lindblad Expeditions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Royal Caribbean acquired XXX companies to date.
Last acquisition by Royal Caribbean was XXXXXXXX, XXXXX XXXXX XXXXXX . Royal Caribbean acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Royal Caribbean founded? | Royal Caribbean was founded in 1985. |
| Where is Royal Caribbean headquartered? | Royal Caribbean is headquartered in United States of America. |
| How many employees does Royal Caribbean have? | As of today, Royal Caribbean has 106K+ employees. |
| Who is the CEO of Royal Caribbean? | Royal Caribbean's CEO is Mr. Michael W. Bayley. |
| Is Royal Caribbean publicy listed? | Yes, Royal Caribbean is a public company listed on NYS. |
| What is the stock symbol of Royal Caribbean? | Royal Caribbean trades under RCL ticker. |
| When did Royal Caribbean go public? | Royal Caribbean went public in 1993. |
| Who are competitors of Royal Caribbean? | Similar companies to Royal Caribbean include e.g. Kiriacoulis Mediterranean, EIH, Salamis Tours, Carnival plc. |
| What is the current market cap of Royal Caribbean? | Royal Caribbean's current market cap is $69.8B |
| What is the current revenue of Royal Caribbean? | Royal Caribbean's last 12 months revenue is $17.1B. |
| What is the current revenue growth of Royal Caribbean? | Royal Caribbean revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Royal Caribbean? | Current revenue multiple of Royal Caribbean is 5.2x. |
| Is Royal Caribbean profitable? | Yes, Royal Caribbean is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Royal Caribbean? | Royal Caribbean's last 12 months EBITDA is $6.3B. |
| What is Royal Caribbean's EBITDA margin? | Royal Caribbean's last 12 months EBITDA margin is 37%. |
| What is the current EV/EBITDA multiple of Royal Caribbean? | Current EBITDA multiple of Royal Caribbean is 14.2x. |
| What is the current FCF of Royal Caribbean? | Royal Caribbean's last 12 months FCF is $1.8B. |
| What is Royal Caribbean's FCF margin? | Royal Caribbean's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Royal Caribbean? | Current FCF multiple of Royal Caribbean is 49.6x. |
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