Royal Caribbean Cruises Ltd.(RCL)Earnings, Financials & Key Ratios

RCL•NYSE

$287.08

$77.66B mkt cap·18.4× P/E·Price updated May 6, 2026

SectorConsumer Cyclical IndustryTravel Services Sub-IndustryCruise Lines

AboutRoyal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.Show more

Revenue$17.93B+8.8%
EBITDA$6.52B+14.3%
Net Income$4.27B+48.5%
EPS (Diluted)15.61+42.7%
Gross Margin46.84%-1.4%
EBITDA Margin36.36%+5.1%
Operating Margin27.37%+9.9%
Net Margin23.82%+36.5%
ROE47.53%+4.4%
ROIC12.23%+8.6%
Debt/Equity2.21-17.9%
Interest Coverage5.34+89.2%

Analysis→Technical→

RCL Key Insights

Royal Caribbean Cruises Ltd. (RCL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 45.6%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 52.0%
✓Share count reduced 2.2% through buybacks

✗Weaknesses

✗High debt to equity ratio of 2.2x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

RCL Price & Volume

Royal Caribbean Cruises Ltd. (RCL) stock price & volume — 10-year historical chart

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RCL Growth Metrics

Royal Caribbean Cruises Ltd. (RCL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.01%

5 Years52.02%

3 Years26.59%

TTM9.74%

Profit CAGR

10 Years20.43%

5 Years-

3 Years-

TTM38.1%

EPS CAGR

10 Years17.85%

5 Years-

3 Years-

TTM36.36%

Return on Capital

10 Years4.62%

5 Years5.28%

3 Years14.69%

Last Year17.28%

RCL Recent Earnings

Royal Caribbean Cruises Ltd. (RCL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 3/12 qtrs (25%)

Q2 2026Latest

Apr 30, 2026

EPS

$3.60

Est $3.24

+11.1%

Revenue

$4.5B

Est $4.5B

-0.3%

Q1 2026

Jan 29, 2026

EPS

$2.80

Est $2.80

+0.0%

Revenue

$4.3B

Est $4.3B

-0.1%

Q4 2025

Oct 28, 2025

EPS

$5.75

Est $5.69

+1.1%

Revenue

$5.1B

Est $5.2B

-0.5%

Q3 2025

Jul 29, 2025

EPS

$4.38

Est $4.09

+7.1%

Revenue

$4.5B

Est $4.6B

-0.3%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$3.60vs $3.24+11.1%	$4.5Bvs $4.5B-0.3%
Q1 2026	Jan 29, 2026	$2.80vs $2.80+0.0%	$4.3Bvs $4.3B-0.1%
Q4 2025	Oct 28, 2025	$5.75vs $5.69+1.1%	$5.1Bvs $5.2B-0.5%
Q3 2025	Jul 29, 2025	$4.38vs $4.09+7.1%	$4.5Bvs $4.6B-0.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
CCLCarnival Corporation & plcDirect Competitor	34.03B	27.52	13.62	6.4%	10.37%	22.48%	2.28
NCLHNorwegian Cruise Line Holdings Ltd.Direct Competitor	8.15B	17.75	19.72	3.67%	5.66%	27.04%	6.61
VIKViking Holdings LtdDirect Competitor	27.18B	86.05	33.48	21.89%	17.65%	237.14%	5.12
HLTHilton Worldwide Holdings Inc.Product Competitor	73.19B	321.51	52.53	7.74%	12.56%
MARMarriott International, Inc.Product Competitor	95.15B	359.06	37.84	4.33%	11.89%
HHyatt Hotels CorporationProduct Competitor	16.18B	169.37	-313.65	116.96%	-0.55%	-0.91%	1.31
VACMarriott Vacations Worldwide CorporationProduct Competitor	2.68B	78.26	-8.86	1.31%	-7.37%	-15.31%	2.89
TNLTravel + Leisure Co.Product Competitor	4.06B	64.98	18.89	4.06%	5.85%

Compare RCL vs Peers

Royal Caribbean Cruises Ltd. (RCL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCL

Most directly comparable listed peer for RCL.

Scale Benchmark

vs DIS

Larger-name benchmark to compare RCL against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCL, NCLH, VIK, HLT

RCL Income Statement

Royal Caribbean Cruises Ltd. (RCL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	8.78B	9.49B	10.95B	2.21B	1.53B	8.84B	13.9B	16.48B	17.93B	18.39B
Revenue Growth %	3.31%	8.16%	15.34%	-79.83%	-30.64%	477.02%	57.24%	18.6%	8.8%	9.74%
Cost of Goods Sold	4.9B	5.26B	6.06B	2.77B	2.74B	6.62B	7.78B	8.65B	9.54B	9.7B
COGS % of Revenue	55.78%	55.43%	55.36%	125.19%	178.79%	74.84%	55.94%	52.48%	53.16%	-
Gross Profit	3.88B▲ 0%	4.23B▲ 9.0%	4.89B▲ 15.5%	-556.3M▼ 111.4%	-1.21B▼ 117.0%	2.22B▲ 284.3%	6.13B▲ 175.4%	7.83B▲ 27.9%	8.4B▲ 7.2%	8.68B▲ 0%
Gross Margin %	44.22%	44.57%	44.64%	-25.19%	-78.79%	25.16%	44.06%	47.52%	46.84%	47.23%
Gross Profit Growth %	11.5%	9.03%	15.51%	-111.38%	-116.97%	284.26%	175.4%	27.89%	7.24%	-
Operating Expenses	2.14B	2.34B	2.81B	4.05B	2.66B	2.99B	3.25B	3.73B	3.49B	3.56B
OpEx % of Revenue	24.35%	24.61%	25.62%	183.14%	173.83%	33.82%	23.36%	22.61%	19.46%	-
Selling, General & Admin	1.19B	1.3B	1.56B	1.2B	1.37B	1.58B	1.79B	2.13B	2.22B	2.24B
SG&A % of Revenue	13.51%	13.73%	14.24%	54.31%	89.43%	17.91%	12.89%	12.89%	12.39%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	951.19M	1.03B	1.25B	2.85B	1.29B	1.41B	1.46B	1.6B	1.27B	4M
Operating Income	1.74B▲ 0%	1.89B▲ 8.6%	2.08B▲ 9.9%	-4.6B▼ 320.9%	-3.87B▲ 15.9%	-766M▲ 80.2%	2.88B▲ 475.7%	4.11B▲ 42.7%	4.91B▲ 19.6%	5.13B▲ 0%
Operating Margin %	19.87%	19.96%	19.02%	-208.33%	-252.61%	-8.67%	20.71%	24.91%	27.37%	27.88%
Operating Income Growth %	18.06%	8.64%	9.92%	-320.94%	15.9%	80.21%	475.72%	42.67%	19.56%	-
EBITDA	2.7B	2.93B	3.33B	-3.32B	-2.58B	641M	4.33B	5.71B	6.52B	6.79B
EBITDA Margin %	30.71%	30.85%	30.4%	-150.41%	-168.21%	7.25%	31.17%	34.61%	36.36%	36.92%
EBITDA Growth %	13.62%	8.65%	13.66%	-199.81%	22.43%	124.87%	575.98%	31.69%	14.3%	14.53%
D&A (Non-Cash Add-back)	951.19M	1.03B	1.25B	1.28B	1.29B	1.41B	1.46B	1.6B	1.61B	1.66B
EBIT	1.93B	2.15B	2.32B	-4.93B	-3.97B	-792M	3.11B	4.49B	5.3B	5.47B
Net Interest Income	-269.88M	-300.87M	-381.57M	-823.2M	-1.27B	-1.33B	-1.37B	-1.57B	-968M	-994M
Interest Income	30.1M	32.8M	26.95M	21.04M	17M	36M	36M	16M	24M	27M
Interest Expense	299.98M	333.67M	408.51M	844.24M	1.29B	1.36B	1.4B	1.59B	992M	1.02B
Other Income/Expense	-118.92M	-79.01M	-175.1M	-1.17B	-1.39B	-1.39B	-1.17B	-1.21B	-605M	-583M
Pretax Income	1.63B▲ 0%	1.82B▲ 11.7%	1.91B▲ 5.1%	-5.78B▼ 402.7%	-5.26B▲ 8.9%	-2.16B▲ 59.0%	1.7B▲ 179.0%	2.9B▲ 70.0%	4.3B▲ 48.6%	4.54B▲ 0%
Pretax Margin %	18.51%	19.13%	17.42%	-261.46%	-343.34%	-24.39%	12.26%	17.57%	24%	24.71%
Income Tax	0	0	0	0	0	0	0	0	15M	41M
Effective Tax Rate %	0%	0%	0%	0%	0%	0%	0%	0%	0.35%	0.9%
Net Income	1.63B▲ 0%	1.81B▲ 11.4%	1.88B▲ 3.7%	-5.8B▼ 408.6%	-5.26B▲ 9.3%	-2.16B▲ 59.0%	1.7B▲ 178.7%	2.88B▲ 69.5%	4.27B▲ 48.5%	4.48B▲ 0%
Net Margin %	18.51%	19.08%	17.16%	-262.47%	-343.34%	-24.39%	12.21%	17.45%	23.82%	24.39%
Net Income Growth %	26.63%	11.44%	3.75%	-408.56%	9.27%	59.01%	178.71%	69.53%	48.52%	38.1%
Net Income (Continuing)	1.63B	1.82B	1.91B	-5.78B	-5.26B	-2.16B	1.7B	2.9B	4.29B	4.5B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	542.02M	569.98M	0	0	0	175M	172M	208M	218M
EPS (Diluted)	7.53▲ 0%	8.56▲ 13.7%	8.95▲ 4.6%	-27.05▼ 402.2%	-20.89▲ 22.8%	-8.45▲ 59.6%	6.31▲ 174.7%	10.94▲ 73.4%	15.61▲ 42.7%	16.55▲ 0%
EPS Growth %	26.98%	13.68%	4.56%	-402.23%	22.77%	59.55%	174.67%	73.38%	42.69%	36.36%
EPS (Basic)	7.57	8.60	8.97	-27.05	-20.89	-8.45	6.63	11.00	15.73	-
Diluted Shares Outstanding	215.69M	211.55M	209.93M	214.34M	251.81M	255.01M	283M	279M	273M	271M
Basic Shares Outstanding	214.62M	210.57M	209.41M	214.34M	251.81M	255.01M	256M	261M	271M	270M
Dividend Payout Ratio	26.92%	29.13%	32.08%	-	-	-	-	3.72%	6.18%	-

RCL Balance Sheet

Royal Caribbean Cruises Ltd. (RCL) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	907.64M	1.24B	1.16B	4.31B	3.6B	3.21B	1.79B	1.71B	2.21B	2.2B
Cash & Short-Term Investments	120.11M	287.85M	243.74M	3.68B	2.7B	1.94B	497M	388M	940M	512M
Cash Only	120.11M	287.85M	243.74M	3.68B	2.7B	1.94B	497M	388M	825M	512M
Short-Term Investments	0	0	0	0	0	0	0	0	115M	0
Accounts Receivable	318.64M	324.51M	305.82M	284.15M	408.07M	531M	405M	371M	317M	479M
Days Sales Outstanding	13.25	12.48	10.19	46.95	97.22	21.92	10.63	8.21	6.45	7.86
Inventory	111.39M	153.57M	162.11M	118.7M	150.22M	224M	248M	265M	264M	271M
Days Inventory Outstanding	8.3	10.65	9.76	15.67	20.02	12.36	11.64	11.18	10.11	9.88
Other Current Assets	99.32M	19.57M	21.75M	70.08M	54.18M	515M	642M	681M	690M	942M
Total Non-Current Assets	21.45B	26.46B	29.16B	28.15B	28.66B	30.57B	33.34B	35.37B	39.41B	39.79B
Property, Plant & Equipment	19.74B	23.47B	26.15B	25.85B	26.45B	28.08B	30.73B	32.51B	36.32B	36.49B
Fixed Asset Turnover	0.44x	0.40x	0.42x	0.09x	0.06x	0.31x	0.45x	0.51x	0.49x	0.52x
Goodwill	288.51M	1.38B	1.39B	809.48M	809.38M	809M	809M	808M	808M	808M
Intangible Assets	0	502.1M	488.57M	444.85M	434.56M	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.43B	1.11B	1.13B	1.05B	964.07M	1.68B	1.8B	2.05B	2.28B	9.21B
Total Assets	22.36B▲ 0%	27.7B▲ 23.9%	30.32B▲ 9.5%	32.47B▲ 7.1%	32.26B▼ 0.6%	33.78B▲ 4.7%	35.13B▲ 4.0%	37.07B▲ 5.5%	41.62B▲ 12.3%	41.99B▲ 0%
Asset Turnover	0.39x	0.34x	0.36x	0.07x	0.05x	0.26x	0.40x	0.44x	0.43x	0.45x
Asset Growth %	0.23%	23.87%	9.47%	7.07%	-0.64%	4.7%	4.01%	5.52%	12.27%	36.84%
Total Current Liabilities	4.85B	7.11B	7.95B	4.54B	7.29B	8.57B	9.4B	9.82B	12.05B	11.06B
Accounts Payable	360.11M	488.21M	563.71M	353.42M	545.98M	647M	792M	919M	953M	1.01B
Days Payables Outstanding	26.84	33.86	33.94	46.65	72.76	35.69	37.18	38.77	36.48	35.26
Short-Term Debt	1.19B	2.42B	2.62B	1.37B	2.24B	2.09B	1.72B	1.6B	3.27B	1.53B
Deferred Revenue (Current)	2.31B	3.15B	3.43B	1.78B	3.16B	4.17B	5.31B	5.5B	0	18.53B
Other Current Liabilities	47.46M	78.48M	94.88M	56.69M	127.24M	131M	35M	90M	7.83B	1.98B
Current Ratio	0.19x	0.17x	0.15x	0.95x	0.49x	0.37x	0.19x	0.17x	0.18x	0.18x
Quick Ratio	0.16x	0.15x	0.13x	0.92x	0.47x	0.35x	0.16x	0.15x	0.16x	0.16x
Cash Conversion Cycle	-5.29	-10.74	-13.98	15.97	44.48	-1.41	-14.9	-19.38	-19.92	-17.52
Total Non-Current Liabilities	6.8B	8.94B	9.63B	19.17B	19.89B	22.33B	20.83B	19.52B	19.32B	20.9B
Long-Term Debt	6.35B	8.36B	8.41B	17.96B	18.85B	21.3B	19.73B	18.47B	18.77B	20.27B
Capital Lease Obligations	0	0	601.64M	563.88M	534.73M	523M	613M	670M	600M	1.85B
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	452.81M	583.25M	617.81M	645.57M	505.18M	508M	486M	375M	-46M	1.48B
Total Liabilities	11.66B	16.05B	17.59B	23.7B	27.17B	30.91B	30.23B	29.34B	31.37B	31.96B
Total Debt	7.54B	10.78B	11.73B	20B	21.69B	23.99B	22.13B	20.82B	22.64B	21.79B
Net Debt	7.42B	10.49B	11.49B	16.31B	18.99B	22.06B	21.63B	20.43B	21.81B	21.28B
Debt / Equity	0.70x	0.93x	0.92x	2.28x	4.27x	8.36x	4.52x	2.69x	2.21x	2.21x
Debt / EBITDA	2.80x	3.68x	3.53x	-	-	37.43x	5.11x	3.65x	3.47x	3.21x
Net Debt / EBITDA	2.75x	3.58x	3.45x	-	-	34.41x	4.99x	3.58x	3.34x	3.34x
Interest Coverage	6.42x	6.44x	5.67x	-5.84x	-3.07x	-0.58x	2.22x	2.82x	5.34x	5.36x
Total Equity	10.7B▲ 0%	11.65B▲ 8.8%	12.73B▲ 9.3%	8.76B▼ 31.2%	5.09B▼ 42.0%	2.87B▼ 43.6%	4.9B▲ 70.8%	7.74B▲ 57.9%	10.24B▲ 32.4%	10.03B▲ 0%
Equity Growth %	17.33%	8.83%	9.33%	-31.2%	-41.95%	-43.59%	70.76%	57.89%	32.45%	149.44%
Book Value per Share	49.62	55.06	60.66	40.87	20.20	11.25	17.31	27.72	37.53	37.00
Total Shareholders' Equity	10.7B	11.11B	12.16B	8.76B	5.09B	2.87B	4.72B	7.56B	10.04B	9.81B
Common Stock	2.35M	2.36M	2.37M	2.65M	2.83M	3M	3M	3M	3M	3M
Retained Earnings	9.02B	10.26B	11.52B	5.56B	302.28M	-1.71B	-10M	2.61B	5.92B	6.46B
Treasury Stock	-1.38B	-1.95B	-2.06B	-2.06B	-2.07B	-2.07B	-2.07B	-2.08B	-3.25B	0
Accumulated OCI	-334.26M	-627.73M	-797.71M	-739.34M	-710.88M	-644M	-674M	-802M	-604M	-385M
Minority Interest	0	542.02M	569.98M	0	0	0	175M	172M	208M	218M

RCL Cash Flow Statement

Royal Caribbean Cruises Ltd. (RCL) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	2.87B	3.48B	3.72B	-3.73B	-1.88B	481M	4.48B	5.26B	6.46B	6.46B
Operating CF Margin %	32.75%	36.65%	33.94%	-168.94%	-122.58%	5.44%	32.21%	31.94%	36.05%	-
Operating CF Growth %	14.22%	21.03%	6.82%	-200.41%	49.67%	125.61%	830.77%	17.6%	22.79%	98.12%
Net Income	1.63B	1.82B	1.91B	-5.78B	-5.26B	-2.16B	1.7B	2.9B	4.29B	4.48B
Depreciation & Amortization	951.19M	1.03B	1.25B	1.28B	1.29B	1.41B	1.46B	1.6B	1.72B	1.77B
Stock-Based Compensation	69.46M	46.06M	75.93M	39.78M	64M	36M	126M	267M	0	160M
Deferred Taxes	1.73M	-2.68M	7.75M	-8.79M	-43M	-22M	-8M	0	18M	0
Other Non-Cash Items	-111.19M	152.02M	34.46M	2.06B	588M	243M	29M	298M	89M	392M
Working Capital Changes	338.24M	434.25M	444.69M	-1.33B	1.48B	973M	1.17B	204M	349M	-153M
Change in Receivables	-32.04M	-9.57M	-9.9M	121.06M	-182M	-234M	99M	52M	-3M	-96M
Change in Inventory	2.42M	-23.85M	-8.53M	27.08M	-35M	-74M	-24M	-17M	0	-16M
Change in Payables	36.78M	91.74M	75.28M	-133.81M	189M	75M	124M	120M	27M	-3M
Cash from Investing	-213.59M	-4.49B	-3.09B	-2.18B	-2.15B	-2.99B	-3.92B	-3.45B	-5.01B	-5.1B
Capital Expenditures	-564.14M	-3.66B	-3.02B	-1.97B	-2.23B	-2.71B	-3.9B	-3.27B	-5.23B	-5.3B
CapEx % of Revenue	6.43%	38.55%	27.62%	88.97%	145.56%	30.66%	28.04%	19.82%	29.16%	-
Acquisitions	-10.4M	-930.09M	-25.57M	-100.61M	-70M	0	-31M	-67M	0	26M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	297.72M	122.51M	20.04M	32.63M	185M	26M	56M	5M	197M	208M
Cash from Financing	-2.68B	1.2B	-670.37M	9.35B	3.04B	1.74B	-1.99B	-1.92B	-1.02B	-1.44B
Debt Issued (Net)	-1.97B	2.39B	92.75M	8.63B	1.62B	2.01B	-2B	-1.76B	1.02B	448M
Equity Issued (Net)	-225M	-575.04M	-99.58M	1.43B	1.62B	0	0	0	-1.16B	-1.75B
Dividends Paid	-437.45M	-527.49M	-602.67M	-326.42M	0	0	0	-107M	-264M	-386M
Share Repurchases	-225M	-575.04M	-99.58M	0	0	0	0	0	-1.16B	-1.75B
Other Financing	-45.22M	-91.46M	-60.86M	-385.4M	-202M	-268M	12M	-57M	-612M	248M
Net Change in Cash	-12.49M▲ 0%	167.74M▲ 1442.9%	-44.11M▼ 126.3%	3.44B▲ 7899.6%	-982M▼ 128.5%	-767M▲ 21.9%	-1.44B▼ 87.5%	-109M▲ 92.4%	437M▲ 500.9%	126M▲ 0%
Free Cash Flow	2.31B▲ 0%	-180.89M▼ 107.8%	691.7M▲ 482.4%	-5.7B▼ 923.6%	-4.11B▲ 27.9%	-2.23B▲ 45.7%	580M▲ 126.0%	2B▲ 244.3%	1.24B▼ 38.1%	1.37B▲ 0%
FCF Margin %	26.32%	-1.91%	6.32%	-257.91%	-268.15%	-25.21%	4.17%	12.11%	6.89%	7.46%
FCF Growth %	10248.13%	-107.83%	482.39%	-923.59%	27.89%	45.74%	126.02%	244.31%	-38.11%	-35.02%
FCF per Share	10.71	-0.86	3.29	-26.58	-16.31	-8.74	2.05	7.16	4.53	4.53
FCF Conversion (FCF/Net Income)	1.77x	1.92x	1.98x	0.64x	0.36x	-0.22x	2.64x	1.83x	1.51x	0.31x
Interest Paid	249.62M	252.47M	246.31M	418.16M	834M	960M	1.44B	1.21B	0	-279M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

RCL Key Ratios

Royal Caribbean Cruises Ltd. (RCL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	16.4%	16.21%	15.41%	-53.94%	-75.98%	-54.21%	43.69%	45.54%	47.53%	44.93%
Return on Invested Capital (ROIC)	7.17%	7.06%	6.74%	-14%	-11.81%	-2.34%	8.39%	11.26%	12.23%	12.23%
Gross Margin	44.22%	44.57%	44.64%	-25.19%	-78.79%	25.16%	44.06%	47.52%	46.84%	47.23%
Net Margin	18.51%	19.08%	17.16%	-262.47%	-343.34%	-24.39%	12.21%	17.45%	23.82%	24.39%
Debt / Equity	0.70x	0.93x	0.92x	2.28x	4.27x	8.36x	4.52x	2.69x	2.21x	2.21x
Interest Coverage	6.42x	6.44x	5.67x	-5.84x	-3.07x	-0.58x	2.22x	2.82x	5.34x	5.36x
FCF Conversion	1.77x	1.92x	1.98x	0.64x	0.36x	-0.22x	2.64x	1.83x	1.51x	0.31x
Revenue Growth	3.31%	8.16%	15.34%	-79.83%	-30.64%	477.02%	57.24%	18.6%	8.8%	9.74%

RCL SEC Filings & Documents

Royal Caribbean Cruises Ltd. (RCL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Feb 27, 2026·SEC

Material company update

Feb 17, 2026·SEC

10-K Annual Reports

FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

RCL Frequently Asked Questions

Royal Caribbean Cruises Ltd. (RCL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Royal Caribbean Cruises Ltd. (RCL) reported $18.39B in revenue for fiscal year 2025. This represents a 1255% increase from $1.36B in 1996.

Royal Caribbean Cruises Ltd. (RCL) grew revenue by 8.8% over the past year. This is steady growth.

Yes, Royal Caribbean Cruises Ltd. (RCL) is profitable, generating $4.48B in net income for fiscal year 2025 (23.8% net margin).

Dividend & Returns

Yes, Royal Caribbean Cruises Ltd. (RCL) pays a dividend with a yield of 0.34%. This makes it attractive for income-focused investors.

Royal Caribbean Cruises Ltd. (RCL) has a return on equity (ROE) of 47.5%. This is excellent, indicating efficient use of shareholder capital.

Royal Caribbean Cruises Ltd. (RCL) generated $1.37B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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