Royal Caribbean Cruises Ltd (RCL)
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
- Symbol
- RCL
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Travel Services
- Market cap
- $74.43B
- 52 week range
- 222.22 - 356.39
Valuation
- Share price
- $277.74 (close of 2026-10-02)
- P/E (TTM)
- 17.05x
- Price to book
- 7.12x
- Price to free cash flow
- -178.93x
- Enterprise value
- $97.08B
- Book value per share
- $39.03
Price performance
| Period | Change |
|---|---|
| 1 day | +2.87% |
| 5 days | +14.44% |
| 1 month | +4.57% |
| 3 months | -6.26% |
| 6 months | +1.52% |
| Year to date | -0.42% |
| 1 year | -13.24% |
| 3 years | +202.88% |
| 5 years | +200.81% |
| 10 years | +270.57% |
| All time | +2942.06% |
Members of Congress who disclosed RCL trades
Robert Bresnahan · Alan Armstrong · Dan Newhouse · George Whitesides · Jefferson Shreve
Super investors holding RCL
Ken Griffin (Citadel) · John Rogers (Ariel Investments LLC) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 41.66%
- Return on invested capital
- 15.35%
- Return on assets
- 10.25%
- Return on capital employed
- 16.61%
- Gross margin
- 49.36%
- Net margin
- 23.80%
- EBITDA margin
- 36.96%
- Revenue growth
- 8.80%
- Net income growth
- 48.35%
- Free cash flow growth
- -38.11%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -0.56%
- Current ratio
- 0.21x
- Net debt to EBITDA
- 3.06x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $17.93B
- Cost of revenue
- $9.08B
- Gross profit
- $8.85B
- EBITDA
- $6.63B
- Net income
- $4.27B
- Earnings per share
- $15.75
- Shares outstanding
- 271.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $17.93B | $8.85B | $4.27B | $15.75 |
| 2024-12-31 | $16.48B | $7.83B | $2.88B | $11.00 |
| 2023-12-31 | $13.90B | $6.13B | $1.70B | $6.63 |
| 2022-12-31 | $8.84B | $2.22B | -$2.16B | $-8.45 |
| 2021-12-31 | $1.53B | -$1.21B | -$5.26B | $-20.89 |
| 2020-12-31 | $2.21B | -$556.30M | -$5.80B | $-27.05 |
| 2019-12-31 | $10.95B | $4.89B | $1.88B | $8.97 |
| 2018-12-31 | $9.49B | $4.23B | $1.81B | $8.60 |
| 2017-12-31 | $8.78B | $3.88B | $1.63B | $7.57 |
| 2016-12-31 | $8.50B | $3.48B | $1.28B | $5.96 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 49.36% | 23.80% | 41.66% | 15.35% |
| 2024-12-31 | 47.51% | 17.45% | 37.19% | 14.41% |
| 2023-12-31 | 44.06% | 12.21% | 34.64% | 10.82% |
| 2022-12-31 | 25.16% | -24.39% | -75.15% | -3.07% |
| 2021-12-31 | -78.79% | -343.34% | -103.40% | -67.05% |
| 2020-12-31 | -25.19% | -262.47% | -66.17% | -62.80% |
| 2019-12-31 | 44.64% | 17.16% | 15.45% | 13.46% |
| 2018-12-31 | 44.57% | 19.08% | 16.31% | 14.31% |
| 2017-12-31 | 44.22% | 18.51% | 15.18% | 14.82% |
| 2016-12-31 | 40.97% | 15.11% | 14.07% | 16.43% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $825.00M |
| 2024-12-31 | $388.00M |
| 2023-12-31 | $497.00M |
| 2022-12-31 | $1.94B |
| 2021-12-31 | $2.70B |
| 2020-12-31 | $3.68B |
| 2019-12-31 | $243.74M |
| 2018-12-31 | $287.85M |
| 2017-12-31 | $120.11M |
| 2016-12-31 | $132.60M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.24B | $175.00M |
| 2024-12-31 | $2.00B | $267.00M |
| 2023-12-31 | $580.00M | $126.00M |
| 2022-12-31 | -$2.23B | $36.00M |
| 2021-12-31 | -$4.11B | $64.00M |
| 2020-12-31 | -$5.70B | $39.78M |
| 2019-12-31 | $691.70M | $75.93M |
| 2018-12-31 | -$180.89M | $46.06M |
| 2017-12-31 | $2.31B | $69.46M |
| 2016-12-31 | $22.33M | $32.66M |
Dividend history
- Most recent payment
- 2026-09-17
- Paid in the last twelve months
- $5.50
| Payment date | Dividend per share |
|---|---|
| 2026-09-17 | $1.50 |
| 2026-06-03 | $1.50 |
| 2026-03-06 | $1.50 |
| 2025-12-26 | $1.00 |
| 2025-09-25 | $1.00 |
| 2025-06-04 | $0.75 |
| 2025-03-07 | $0.75 |
| 2024-12-27 | $0.55 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $6.36
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-28 | Jun/2026 | $3.97 |
| 2026-04-30 | Mar/2026 | $3.20 |
| 2026-01-29 | Dec/2025 | $2.81 |
| 2025-10-28 | Sep/2025 | $5.68 |
| 2025-07-29 | Jun/2025 | $4.10 |
| 2025-04-29 | Mar/2025 | $2.53 |
| 2025-01-28 | Dec/2024 | $1.50 |
| 2024-10-29 | Sep/2024 | $5.05 |
Filings and sources
- Company website
- rclinvestor.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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