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Royal Caribbean Valuation Multiples
Discover revenue and EBITDA valuation multiples for Royal Caribbean and similar public comparables like Carnival Corp., Carnival, Viking Cruises, Norwegian Cruise Line and more.
Royal Caribbean Overview
About Royal Caribbean
Royal Caribbean is the world's second-largest cruise company by revenues, operating 69 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, plans to launch its new Celebrity River Cruise brand in 2027, and is set to operate eight private destination locations by 2028 (up from three currently).
Founded
1985
HQ
Employees
108.0K
Website
Sectors
Financials (LTM)
EV
$103B
Royal Caribbean Financials
Royal Caribbean reported last 12-month revenue of $18B and EBITDA of $7B.
In the same LTM period, Royal Caribbean generated $9B in gross profit, $7B in EBITDA, and $4B in net income.
Revenue (LTM)
Royal Caribbean P&L
In the most recent fiscal year, Royal Caribbean reported revenue of $18B and EBITDA of $7B.
Royal Caribbean expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $18B | XXX | $18B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $7B | XXX | $7B | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $21B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Royal Caribbean Stock Performance
Royal Caribbean has current market cap of $81B, and enterprise value of $103B.
Market Cap Evolution
Royal Caribbean's stock price is $300.84.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $103B | $81B | 0.0% | XXX | XXX | XXX | $15.78 |
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Start Free TrialRoyal Caribbean Valuation Multiples
Royal Caribbean trades at 5.6x EV/Revenue multiple, and 14.2x EV/EBITDA.
EV / Revenue (LTM)
Royal Caribbean Financial Valuation Multiples
As of April 8, 2026, Royal Caribbean has market cap of $81B and EV of $103B.
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 18.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $81B | XXX | $81B | XXX | XXX | XXX |
| EV (current) | $103B | XXX | $103B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 14.2x | XXX | 14.5x | XXX | XXX | XXX |
| EV/EBIT | 20.1x | XXX | 20.9x | XXX | XXX | XXX |
| EV/Gross Profit | 11.2x | XXX | 11.6x | XXX | XXX | XXX |
| P/E | 18.3x | XXX | 19.1x | XXX | XXX | XXX |
| EV/FCF | 68.3x | XXX | 83.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Royal Caribbean Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Royal Caribbean Margins & Growth Rates
Royal Caribbean's revenue in the last 12 month grew by 9%.
Royal Caribbean's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Royal Caribbean Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Royal Caribbean Public Comps
See public comps and valuation multiples for other Cruises comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Carnival Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival | XXX | XXX | XXX | XXX | XXX | XXX |
| Viking Cruises | XXX | XXX | XXX | XXX | XXX | XXX |
| Norwegian Cruise Line | XXX | XXX | XXX | XXX | XXX | XXX |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Royal Caribbean M&A Activity
Royal Caribbean acquired XXX companies to date.
Last acquisition by Royal Caribbean was on XXXXXXXX, XXXXX. Royal Caribbean acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Royal Caribbean
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRoyal Caribbean Investment Activity
Royal Caribbean invested in XXX companies to date.
Royal Caribbean made its latest investment on XXXXXXXX, XXXXX. Royal Caribbean invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Royal Caribbean
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Royal Caribbean
| When was Royal Caribbean founded? | Royal Caribbean was founded in 1985. |
| Where is Royal Caribbean headquartered? | Royal Caribbean is headquartered in United States. |
| How many employees does Royal Caribbean have? | As of today, Royal Caribbean has over 108K employees. |
| Who is the CEO of Royal Caribbean? | Royal Caribbean's CEO is Michael W. Bayley. |
| Is Royal Caribbean publicly listed? | Yes, Royal Caribbean is a public company listed on NYSE. |
| 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? | Royal Caribbean main competitors are Carnival Corp., Carnival, Viking Cruises, Norwegian Cruise Line. |
| What is the current market cap of Royal Caribbean? | Royal Caribbean's current market cap is $81B. |
| What is the current revenue of Royal Caribbean? | Royal Caribbean's last 12 months revenue is $18B. |
| 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 5.6x. |
| 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 $7B. |
| What is Royal Caribbean's EBITDA margin? | Royal Caribbean's last 12 months EBITDA margin is 39%. |
| 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 $2B. |
| What is Royal Caribbean's FCF margin? | Royal Caribbean's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Royal Caribbean? | Current FCF multiple of Royal Caribbean is 68.3x. |
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