EBITDA for Royal Caribbean Cruises (RCL)
According to Royal Caribbean Cruises's latest reported financial statements, the company's current EBITDA (TTM) is $6.91B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$6.91B
YoY change
+13.5%
5Y CAGR
N/A
Peak year (2025)
$6.91B
Cumulative EBITDA
$43.92B
EBITDA history chart for Royal Caribbean Cruises (RCL) from 1991 to 2025
EBITDA history table for Royal Caribbean Cruises (RCL) from 1991 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $6.91B | +13.5% | ||
| 2024 | $6.09B | +33.5% | ||
| 2023 | $4.56B | +641.6% | ||
| 2022 | $615.00M | -123.0% | ||
| 2021 | -$2.67B | -26.7% | ||
| 2020 | -$3.65B | -202.5% | ||
| 2019 | $3.56B | +11.9% | ||
| 2018 | $3.18B | +10.7% | ||
| 2017 | $2.88B | +15.7% | ||
| 2016 | $2.49B | +40.4% | ||
| 2015 | $1.77B | -1.4% | ||
| 2014 | $1.79B | +15.0% | ||
| 2013 | $1.56B | +41.3% | ||
| 2012 | $1.10B | -34.7% | ||
| 2011 | $1.69B | +10.6% | ||
| 2010 | $1.53B | +44.8% | ||
| 2009 | $1.06B | -21.9% | ||
| 2008 | $1.35B | -2.3% | ||
| 2007 | $1.38B | +8.1% | ||
| 2006 | $1.28B | +0.5% | ||
| 2005 | $1.27B | +11.0% | ||
| 2004 | $1.15B | +29.1% | ||
| 2003 | $888.88M | -0.1% | ||
| 2002 | $890.08M | +17.6% | ||
| 2001 | $756.78M | -5.5% | ||
| 2000 | $800.59M | +18.1% | ||
| 1999 | $678.08M | -0.8% | ||
| 1998 | $683.35M | -188.5% | ||
| 1997 | -$772.00M | +41.3% | ||
| 1996 | -$546.30M | +14.2% | ||
| 1995 | -$478.50M | +2.8% | ||
| 1994 | -$465.30M | -287.6% | ||
| 1993 | $248.00M | +14.7% | ||
| 1992 | $216.30M | +77.6% | ||
| 1991 | $121.80M | — |
EBITDA values are taken from Royal Caribbean Cruises's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual EBITDA for Royal Caribbean Cruises (RCL) came in at $6.91B – grew 13.5% year-over-year.
Over 2015–2025 (10 years), Royal Caribbean Cruises EBITDA expanded at a +14.6% compound annual rate, sustaining 5 straight years of year-over-year growth.
The highest annual EBITDA of $6.91B was reported in 2025. The lowest in the available history was -$3.65B in 2020.
Royal Caribbean Cruises (RCL) sits 9th of 8 Consumer Cyclical peers we track on this metric, against a peer median of $19.46B.
Royal Caribbean Cruises EBITDA by Year
Royal Caribbean Cruises EBITDA 2025: $6.91B
Royal Caribbean Cruises EBITDA in 2025 was $6.91B, grew 13.5% from 2024. This figure represents the highest annual value in the available history.
Royal Caribbean Cruises EBITDA 2024: $6.09B
Royal Caribbean Cruises EBITDA in 2024 was $6.09B, surged 33.5% from 2023.
Royal Caribbean Cruises EBITDA 2023: $4.56B
Royal Caribbean Cruises EBITDA in 2023 was $4.56B, surged 641.6% from 2022.
Royal Caribbean Cruises EBITDA 2022: $615.00M
Royal Caribbean Cruises EBITDA in 2022 was $615.00M, plunged 123.0% below 2021.
Royal Caribbean Cruises EBITDA 2021: -$2.67B
Royal Caribbean Cruises EBITDA in 2021 was -$2.67B.
See more financial history for Royal Caribbean Cruises (RCL).
Sector peers — EBITDA
Companies in the same sector as Royal Caribbean Cruises, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $182.67B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $165.34B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $24.29B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $14.64B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $11.76B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.22B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $8.55B | Consumer Cyclical |
Frequently asked questions
What is Royal Caribbean Cruises's EBITDA?
- Latest reported EBITDA for Royal Caribbean Cruises (RCL) is $6.91B (period ending December 31, 2025).
How has Royal Caribbean Cruises EBITDA changed year-over-year?
- Royal Caribbean Cruises (RCL) EBITDA changed +13.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Royal Caribbean Cruises EBITDA?
- Royal Caribbean Cruises (RCL) EBITDA compound annual growth rate is +14.6% over the most recent 10 years available.
When did Royal Caribbean Cruises EBITDA hit its highest annual value?
- Royal Caribbean Cruises EBITDA reached its highest annual value of $6.91B in 2025.
What was Royal Caribbean Cruises EBITDA in 2024?
- Royal Caribbean Cruises (RCL) EBITDA in 2024 was $6.09B.
What was Royal Caribbean Cruises EBITDA in 2025?
- Royal Caribbean Cruises (RCL) EBITDA in 2025 was $6.91B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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