Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd.

217.65
EUR
-3.20
(-1.45%)
14.24EPS
19.83P/E
75.56BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
36.14
36.32
37.7
39.34
40.79
44.96
52.15
10.28
6.07
34.57
54.15
62.99
65.99
68.93
Basic EPS, GAAP
2.15
3.44
3.02
5.94
7.55
8.58
8.95
-26.97
-20.83
-8.43
6.61
10.99
15.71
16.23
Free Cash Flow per Basic Share
2.94
-0.3
1.51
0.1
10.74
-0.86
3.29
-26.51
-16.27
-8.72
2.26
7.63
4.55
-1.54
Dividend per Share
0.65
0.9
1.27
1.6
2.03
2.5
2.87
1.52
- -
- -
- -
0.41
3.03
4.24
Book Value per Share
39.84
37.67
36.89
42.39
50.03
52.98
58.09
36.8
19.9
11.21
18.37
28.05
37.01
38.17
Tangible Book Value per Share
37.85
35.76
35.57
41.05
48.68
44.01
49.14
31.53
15.03
8.05
15.23
25.05
34.03
35.15
Basic Weighted Avg Shares
220
222
220
216
215
211
210
215
253
256
257
262
272
271
Sales/Revenue/Turnover
7,960
8,074
8,299
8,496
8,778
9,494
10,951
2,209
1,532
8,840
13,900
16,485
17,934
18,681
Operating Margin (%)
10.74
11.72
15.5
17.39
19.87
19.96
19.02
-137.41
-252.61
-8.67
20.71
24.92
27.38
27.33
Depreciation Expense
755
772
827
895
951
1,034
1,246
1,279
1,293
1,407
1,455
1,600
1,718
1,814
Net Income, GAAP
474
764
666
1,283
1,625
1,811
1,879
-5,797
-5,260
-2,156
1,697
2,877
4,268
4,398
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.35
1.56
1.88
0.88
Profit Margin (%)
5.95
9.46
8.02
15.11
18.51
19.08
17.16
-262.47
-343.34
-24.39
12.21
17.45
23.8
23.54
Working Capital
-3,311
-3,048
-3,456
-3,693
-3,947
-5,870
-6,790
-225
-3,685
-5,368
-7,609
-8,112
-9,844
-9,222
LT Debt
6,511
7,644
7,628
8,102
6,351
8,355
9,016
18,522
19,382
21,826
20,345
19,143
18,765
21,874
Total Equity
8,808
8,284
8,063
9,121
10,702
11,647
12,734
8,761
5,086
2,869
4,899
7,735
10,245
10,461
Return on Invested Capital (%)
4.74
5.6
5.25
8.42
9.49
9.32
8.88
- -
- -
- -
10.65
14.54
15.84
16.04
Return on Capital (%)
4.79
6.08
5.66
9.06
10.48
10.52
9.63
- -
- -
- -
11.46
15.92
17.16
17.09
Return on Common Equity (%)
5.53
8.94
8.15
14.94
16.4
16.61
16.15
-55.41
-75.98
-54.21
44.7
46.83
48.5
45.33

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,270
1,527
1,644
LT Borrowings
18,165
19,666
21,263
LT Finance Leases
600
599
611
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
271
269
268
Market Capitalization
76,882
71,314
86,328

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,211
2,204
2,433
Cash, Cash Equivalents & STI
825
512
875
Accounts Receivable, Net
317
479
441
Inventories
264
271
267
Total Current Liabilities
12,055
11,065
11,655
Payables & Accruals
2,979
2,978
3,258
ST Debt
3,270
1,527
1,644
Deferred Revenue
5,739
6,548
6,736

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.3%
15.11%
32.45%
Free Cash Flow
864.76%
1.31%
-38.11%
Net Income, GAAP
-40.31%
-25.82%
48.35%
Sales/Revenue/Turnover
48.04%
106.2%
8.79%
Total Cash Common Dividend
- -
- -
670.09%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,728
4,110
4,886
3,761
16,485
2025
3,999
4,538
5,139
4,258
17,934
2026
4,452
4,832
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.4
3.31
4.21
2.05
10.99
2025
2.71
4.44
5.77
2.77
15.71
2026
3.48
4.2
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.41
2025
0.55
0.73
0.75
1
3.03
2026
1
1.5
- -
- -
- -

Company Description

CEO
Jason T. Liberty
Full Time Employees
108,000
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
1050 Caribbean Way Miami FL United States 33132-2096
IPO Date
Apr 28, 1993
Business
Royal Caribbean Group (NYSE: RCL), formerly Royal Caribbean Cruises Ltd., operates as a leading global cruise company headquartered in Miami, Florida, and founded in 1969, offering vacation experiences through a fleet of 68 ships sailing to over 1,000 destinations across all seven continents; the company serves diverse travelers including families, couples and luxury seekers via wholly owned brands Royal Caribbean International featuring innovative mega-ships with activities like rock climbing and surf simulators plus private destinations such as Perfect Day at CocoCay, premium brand Celebrity Cruises with elevated dining and destination itineraries, ultra-luxury Silversea Cruises providing all-inclusive small-ship voyages with butler service and expeditions, and 50% owned joint ventures TUI Cruises operating Mein Schiff and Hapag-Lloyd Cruises; operations span contemporary, premium, deluxe, budget and luxury segments with revenue from cruise fares and onboard spending on dining, entertainment and excursions targeting North American, European and international markets. Recent developments include a long-term framework agreement with Meyer Turku shipyard securing building slots through 2036 with confirmed order for Icon 5 delivery in 2028 and option for Icon 7, alongside a pipeline of nine new ships by 2028 and expansions like Royal Beach Club developments and Icon of the Seas redeployment to Galveston, Texas in 2027; the company completed a $1.5 billion senior unsecured notes offering in 2025, formed a strategic partnership with Lloyd's Register for fleet classification, safety and sustainability across over 25 ships, and broke ground on a new 380,000 square-foot headquarters at PortMiami in 2024 while pursuing moderate capacity growth of 6-10% in 2025 to support demand and pricing leverage.

Company News

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