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Royal Caribbean Cruises Ltd.(RCL)Earnings, Financials & Key Ratios
RCL•NYSE
20.0× P/E·Price updated Jun 19, 2026
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%
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.
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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
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$3.60+11.1%
$3.24
Rev
$4.5B-0.3%
$4.5B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$2.80+0.0%
$2.80
Rev
$4.3B-0.1%
$4.3B
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$5.75+1.1%
$5.69
Rev
$5.1B-0.5%
$5.2B
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$4.38+7.1%
$4.09
Rev
$4.5B-0.3%
$4.6B
| 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 →
RCL Peer Comparison
Royal Caribbean Cruises Ltd. (RCL) competitors in Cruise Lines — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CCL | 38.18B | 30.87 | 15.28 | 6.4% | 10.37% | 22.48% | 2.28 | |
 NCLH | 9.38B | 20.44 | 22.71 | 3.67% | 5.66% | 27.04% | 6.61 | |
 VIK | 43.17B | 97.17 | 37.81 | 21.89% | 18% | 146.63% | 5.12 | |
 HLT | 79.41B | 348.84 | 57 | 7.74% | 12.56% | |||
 MAR | 104.47B | 396.20 | 41.75 | 4.33% | 9.72% | |||
 H | 19.3B | 202.09 | -374.24 | 116.96% | -0.55% | -0.91% | 1.31 | |
 VAC | 3.36B | 97.97 | -11.10 | 1.31% | -7.37% | -15.31% | 2.89 | |
 TNL | 4.79B | 76.71 | 22.30 | 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.
RCL Income Statement
Royal Caribbean Cruises Ltd. (RCL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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
| Metric | 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 | 2.48B |
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 | 0.20x |
Quick Ratio | 0.16x | 0.15x | 0.13x | 0.92x | 0.47x | 0.35x | 0.16x | 0.15x | 0.16x | 0.17x |
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 | 632M |
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 | 2.17x |
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 | 3.13x |
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
| Metric | 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 | 6.67B |
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% | 28.83% |
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 | 5.06 |
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% | 12.55% |
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 | 2.17x |
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% |
Related:RCL Dividend History·RCL Revenue History·RCL Price History·RCL P/E History·RCL Financial Ratios·RCL Institutional Holders
RCL SEC Filings & Documents
Royal Caribbean Cruises Ltd. (RCL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 0.31%. 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.