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Royal Caribbean is the world's second-largest cruise company, operating 66 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 $16.8B
LTM EBITDA $6.1B
$77.5B
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 of $16.8B and a last 12-month EBITDA of $6.1B.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $13.9B | $16.5B | XXX | XXX | XXX |
| Gross Profit | $2.2B | $6.1B | XXX | XXX | XXX |
| Gross Margin | 16% | 37% | XXX | XXX | XXX |
| EBITDA | $4.6B | $6.1B | XXX | XXX | XXX |
| EBITDA Margin | 33% | 37% | XXX | XXX | XXX |
| Net Profit | -$2.2B | $1.7B | XXX | XXX | XXX |
| Net Margin | -16% | 10% | XXX | XXX | XXX |
| Net Debt | $21.5B | $21.0B | XXX | XXX | XXX |
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As of March 14, 2025, Royal Caribbean's stock price is $212.
Royal Caribbean has current market cap of $57.1B, and EV of $77.5B.
See Royal Caribbean trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $77.5B | $57.1B | XXX | XXX | XXX | XXX | $12.44 |
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Sign UpAs of March 14, 2025, Royal Caribbean has market cap of $57.1B and EV of $77.5B.
Royal Caribbean's trades at 4.6x LTM EV/Revenue multiple, and 12.8x LTM EBITDA.
Analysts estimate Royal Caribbean's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Royal Caribbean and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $77.5B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | XXX | XXX |
| EV/EBITDA | 12.7x | XXX | XXX | XXX |
| P/E | 19.8x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | 38.8x | XXX | XXX | XXX |
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Sign UpRoyal Caribbean's NTM/LTM revenue growth is 9%
Royal Caribbean's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $35K for the same period.
Over next 12 months, Royal Caribbean's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Royal Caribbean's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Royal Caribbean and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 37% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 33% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 46% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $35K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 23% | XXX | 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 | |
| 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 |
| Carnival Corp. | 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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Sign Up| 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. EIH, Salamis Tours, Carnival plc, Lindblad Expeditions. |
| What is the current market cap of Royal Caribbean? | Royal Caribbean's current market cap is $57.1B |
| What is the current revenue of Royal Caribbean? | Royal Caribbean's last 12-month revenue is $16.8B. |
| What is the current EBITDA of Royal Caribbean? | Royal Caribbean's last 12-month EBITDA is $6.1B. |
| What is the current EV/Revenue multiple of Royal Caribbean? | Current revenue multiple of Royal Caribbean is 4.6x. |
| What is the current EV/EBITDA multiple of Royal Caribbean? | Current EBITDA multiple of Royal Caribbean is 12.8x. |
| What is the current revenue growth of Royal Caribbean? | Royal Caribbean revenue growth between 2023 and 2024 was 19%. |
| Is Royal Caribbean profitable? | Yes, Royal Caribbean is EBITDA-positive (as of the last 12 months). |
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