Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd.

333.15
USD
+19.98
(+6.38%)
16.98EPS
15.71P/E
71.11BMarket Cap
Feb 04Next 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
36.24
36.42
37.8
39.45
40.9
45.09
52.29
10.31
6.08
34.67
54.3
63.16
66.18
71.13
Basic EPS, GAAP
2.16
3.45
3.03
5.96
7.57
8.6
8.97
-27.05
-20.89
-8.45
6.63
11.02
15.75
16.92
Free Cash Flow per Basic Share
2.95
-0.31
1.52
0.1
10.77
-0.86
3.3
-26.58
-16.31
-8.74
2.27
7.65
4.56
5.61
Dividend per Share
0.65
0.9
1.28
1.61
2.04
2.51
2.88
1.52
- -
- -
- -
0.41
3.04
5.01
Book Value per Share
39.95
37.78
36.99
42.51
50.17
53.13
58.26
36.9
19.96
11.24
18.42
28.13
37.12
43.79
Tangible Book Value per Share
37.96
35.86
35.67
41.16
48.81
44.14
49.28
31.62
15.08
8.07
15.27
25.12
34.13
40.77
Basic Weighted Avg Shares
220
222
220
215
215
211
209
214
252
255
256
261
271
269
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
19,133
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
27.56
Depreciation Expense
755
772
827
895
951
1,034
1,246
1,279
1,293
1,407
1,455
1,600
1,718
1,868
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
4,551
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.35
1.56
1.88
1.42
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
23.79
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
-8,939
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
20,860
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
11,913
Return on Invested Capital (%)
4.74
5.6
5.25
8.42
9.49
9.32
8.88
- -
- -
- -
10.65
14.54
15.84
15.67
Return on Capital (%)
4.79
6.08
5.66
9.06
10.48
10.52
9.63
- -
- -
- -
11.46
15.92
17.16
16.81
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
41.74

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
1,527
1,644
2,310
LT Borrowings
19,666
21,263
20,116
LT Finance Leases
599
611
744
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
268
267
267
Market Capitalization
73,801
84,923
71,110

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
2,204
2,433
2,474
Cash, Cash Equivalents & STI
512
875
851
Accounts Receivable, Net
479
441
409
Inventories
271
267
304
Total Current Liabilities
11,065
11,655
11,413
Payables & Accruals
2,978
3,258
2,962
ST Debt
1,527
1,644
2,310
Deferred Revenue
6,548
6,736
6,034

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
5,591
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.4
3.32
4.22
2.05
11.02
2025
2.71
4.45
5.79
2.78
15.75
2026
3.49
4.21
6.47
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.41
2025
0.55
0.74
0.75
1
3.04
2026
1
1.51
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

  • Why Royal Caribbean Stock Crushed it in October

  • Is Trending Stock Royal Caribbean Cruises Ltd. (RCL) a Buy Now?

  • CELEBRITY CRUISES OPENS BOOKINGS FOR CELEBRITY XCITE'S DEBUT SEASON

  • Carnival and Royal Caribbean Climb 5%, Norwegian Cruise Line Rises 4% as Oil Prices Drop

  • RCL Benefits From Strong Bookings in Q3, Eyes $20 EPS in 2027

  • The No. 1 Reason to Buy Royal Caribbean Stock in November

  • Cruise companies aim to keep fuel costs down. Their strategies for doing so differ

  • Royal Caribbean: Richer Vacation Assets, Durable Demand, And Compelling Valuations - Reiterate Buy

  • Royal Caribbean: Beats Its Guidance, But Ticket Prices Fall For The Second Consecutive Quarter

  • Norwegian Surges 11% as Earnings Beat Lifts Full-Year Outlook; Royal Caribbean Rises 3%, Carnival Edges Higher

  • Royal Caribbean: Strong Earnings Results Demonstrate K-Shaped Economic Strength

  • Royal Caribbean Q3 Earnings Call Highlights Demand & Resort Expansion

  • These Analysts Increase Their Forecasts On Royal Caribbean After Upbeat Q3 Earnings

  • Better Cruise Stock Buy: Carnival or a 50/50 Split of Royal Caribbean and Norwegian Cruise Line?

  • Ariel Appreciation Fund Q3 2026 Scorecard: Buys, Sells, And Standouts

  • Royal Caribbean Cruises Ltd. (RCL) Q3 2026 Earnings Call Transcript

  • Royal Caribbean Cruises Q3 Earnings Call Highlights

  • Royal Caribbean: 3 Key Takeaways for Long-Term Investors

  • Why Royal Caribbean Stock Climbed Today

  • Royal Caribbean CEO Jason Liberty on Q3 earnings beat: We're seeing an uptick in bookings