YOLFTbeta
Royal Caribbean Cruises Ltd

Royal Caribbean Cruises Ltd

RCL · NYSE · Consumer Cyclical / Travel Services

323.27USD+1.28 (+0.40%)

Price History

Full chart

Market Stats

Previous Close321.99
Open323.02
Day Range317.70 – 324.77
52-Week Range222.22 – 350.59
Volume1.25M
Market Cap83.06B
P/E (TTM)18.38
Forward P/E14.45
EPS16.90
Dividend Yield2.01%
Beta1.82
50-Day Avg271.23
200-Day Avg286.19

About

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.

Company Details

  • SectorConsumer Cyclical
  • IndustryTravel Services
  • CEOMr. Jason T. Liberty
  • Employees107.95K
  • Headquarters1050 Caribbean Way, Miami, FL, United States, 33132-2096, USA
  • Websitehttps://www.rclinvestor.com

Leadership

  • Mr. Jason T. LibertyCEO & Chairman
  • Mr. Naftali HoltzExecutive VP & CFO · b. 1978
  • Mr. Harri U. KulovaaraExecutive Vice President of Newbuilding · b. 1953
  • Mr. Michael W. BayleyPresident & CEO of Royal Caribbean · b. 1959
  • Ms. Laura J. Hodges BethgePresident of Celebrity Cruises · b. 1975
  • Mr. Henry L. PujolSenior VP & Chief Accounting Officer · b. 1968
  • Ms. Martha Cecilia PoulterSenior VP & Chief Information Officer · b. 1967
  • Ms. Dana RitzcovanExecutive VP and Chief People & Administrative Officer
  • Mr. Blake VanierVice President of Investor Relations
  • Mr. Robert Alexander Lake Jr.Senior VP, Chief Legal Officer & Secretary · b. 1972

Financials

Income Statement

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue759.60M1.01B1.11B1.17B1.18B1.36B1.94B2.64B2.55B2.87B3.15B3.43B3.78B4.56B4.90B5.23B6.15B6.53B5.89B6.75B7.54B7.69B7.96B8.07B8.30B8.50B8.78B9.49B10.95B2.21B1.53B8.84B13.90B16.48B17.93B
Growth (%)-+33.33%+9.87%+5.27%+1.08%+14.64%+42.86%+35.96%-3.42%+12.56%+9.75%+9.19%+10.19%+20.38%+7.63%+6.66%+17.58%+6.23%-9.84%+14.65%+11.62%+2.00%+3.54%+1.43%+2.79%+2.38%+3.31%+8.16%+15.34%-79.83%-30.64%+477.02%+57.24%+18.60%+8.80%
Cost of Revenue488.50M635.70M696.40M728.80M742.50M854.50M1.22B1.59B1.50B1.65B1.93B2.11B2.38B2.82B2.99B3.25B3.98B4.40B4.07B4.46B4.94B5.16B5.31B5.31B5.10B5.02B4.90B5.26B6.06B2.77B2.74B6.62B7.78B8.65B9.54B
Gross Profit271.10M377.10M416.40M442.60M441.50M502.80M719.70M1.04B1.05B1.21B1.21B1.32B1.40B1.74B1.91B1.98B2.17B2.13B1.82B2.29B2.59B2.53B2.65B2.77B3.20B3.48B3.88B4.23B4.89B-556.30M-1.21B2.22B6.13B7.83B8.40B
Gross Margin35.69%37.23%37.42%37.78%37.29%37.04%37.12%39.55%41.23%42.34%38.50%38.47%37.08%38.11%38.93%37.86%35.25%32.59%30.88%33.98%34.42%32.92%33.35%34.28%38.55%40.97%44.22%44.57%44.64%-25.19%-78.79%25.16%44.06%47.52%46.84%
Operating Expense206.90M238.80M254.90M985.80M1.00B1.14B1.64B553.83M569.73M643.85M755.25M770.15M877.03M982.40M1.04B1.12B1.27B1.30B1.33B1.49B1.66B2.13B1.86B1.83B2.32B2.00B2.14B2.34B2.81B4.05B2.66B2.99B3.25B3.73B3.49B
Operating Income64.20M138.30M161.50M-543.20M-558.60M-637.50M-915.80M488.74M480.17M569.54M455.61M550.98M526.18M753.59M871.57M858.45M901.34M831.98M488.51M802.63M931.63M403.11M798.15M941.86M874.90M1.48B1.74B1.89B2.08B-4.60B-3.87B-766.00M2.88B4.11B4.91B
Operating Margin8.45%13.66%14.51%-46.37%-47.18%-46.97%-47.23%18.54%18.86%19.87%14.49%16.04%13.90%16.54%17.78%16.42%14.66%12.74%8.29%11.89%12.36%5.24%10.03%11.67%10.54%17.39%19.87%19.96%19.02%-208.33%-252.61%-8.67%20.71%24.91%27.37%
EBITDA121.80M216.30M248.00M-465.30M-478.50M-546.30M-772.00M683.35M678.08M800.59M756.78M890.08M888.88M1.15B1.27B1.28B1.38B1.35B1.06B1.53B1.69B1.10B1.56B1.79B1.77B2.49B2.88B3.18B3.56B-3.65B-2.67B615.00M4.56B6.09B7.01B
EBITDA Margin16.03%21.36%22.29%-39.72%-40.41%-40.25%-39.81%25.92%26.63%27.94%24.06%25.92%23.49%25.19%25.98%24.48%22.51%20.70%17.94%22.67%22.45%14.37%19.61%22.23%21.33%29.26%32.77%33.53%32.53%-165.32%-174.61%6.96%32.81%36.92%39.11%
Net Income4.30M60.60M106.70M136.60M149.00M150.90M175.10M330.77M383.85M445.36M254.46M351.28M280.66M474.69M715.96M633.92M603.40M573.72M162.42M515.65M607.42M18.29M473.69M764.15M665.78M1.28B1.63B1.81B1.88B-5.80B-5.26B-2.16B1.70B2.88B4.27B
Net Income Margin0.57%5.98%9.59%11.66%12.58%11.12%9.03%12.55%15.08%15.54%8.09%10.23%7.42%10.42%14.60%12.12%9.81%8.78%2.76%7.64%8.06%0.24%5.95%9.46%8.02%15.11%18.51%19.08%17.16%-262.47%-343.34%-24.39%12.21%17.45%23.82%
R&D-------------------000000000-------
R&D as % of Total Revenue-------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense0000000000000309.98M269.75M267.86M333.78M327.31M300.01M371.21M382.42M355.79M332.42M258.30M277.73M307.37M299.98M333.67M408.51M844.24M1.29B1.36B1.40B1.59B992.00M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%6.80%5.50%5.12%5.43%5.01%5.09%5.50%5.07%4.63%4.18%3.20%3.35%3.62%3.42%3.51%3.73%38.22%84.33%15.43%10.09%9.65%5.53%

Balance Sheet

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.63B1.84B1.81B1.86B2.20B2.84B5.34B5.69B6.38B7.83B10.37B10.54B11.32B11.96B11.26B13.39B14.98B16.46B18.23B19.69B19.80B19.83B20.07B20.71B20.78B22.31B22.36B27.70B30.32B32.47B32.26B33.78B35.13B37.07B41.62B
Total Liabilities1.23B1.38B1.08B1.02B1.24B1.76B3.32B3.23B3.12B4.21B6.61B6.50B7.06B7.16B5.70B7.30B8.22B9.66B10.73B11.75B11.40B11.52B11.26B12.43B12.72B13.19B11.66B16.05B17.59B23.70B27.17B30.91B30.23B29.34B31.37B
Total Equity403.90M464.50M732.80M845.60M965.10M1.08B2.02B2.45B3.26B3.62B3.76B4.03B4.26B4.80B5.55B6.09B6.76B6.80B7.50B7.94B8.41B8.31B8.81B8.28B8.06B9.12B10.70B11.11B12.16B8.76B5.09B2.87B4.72B7.56B10.04B
Cash27.40M56.50M32.30M23.90M31.30M40.40M110.80M172.92M63.47M177.81M727.18M242.58M330.09M628.58M125.39M104.52M230.78M402.88M284.62M419.93M262.19M194.85M204.69M189.24M121.56M132.60M120.11M287.85M243.74M3.68B2.70B1.94B497.00M388.00M825.00M
Total Debt1.02B1.12B798.20M747.10M935.70M1.37B2.57B2.47B2.34B3.41B5.65B5.44B5.84B6.61B4.15B5.41B5.70B7.01B8.42B9.15B8.50B8.49B8.07B8.44B8.53B9.39B7.54B10.78B11.73B20.00B21.69B23.99B22.13B20.82B22.64B
Net Debt990.30M1.06B765.90M723.20M904.40M1.33B2.46B2.30B2.28B3.23B4.92B5.20B5.51B5.98B4.03B5.31B5.47B6.61B8.14B8.73B8.23B8.30B7.87B8.25B8.41B9.25B7.42B10.49B11.49B16.31B18.99B22.06B21.63B20.43B21.81B

Cash Flow

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow78.70M172.50M217.30M217.50M224.60M299.50M434.10M526.86M583.36M703.32M633.69M870.47M857.80M1.08B1.11B948.51M1.27B1.07B844.88M1.66B1.46B1.38B1.41B1.74B1.95B2.52B2.87B3.48B3.72B-3.73B-1.88B481.00M4.48B5.26B6.46B
Investing Cash Flow-382.00M-246.50M-80.10M-145.80M-373.80M-688.40M-1.17B-462.21M-987.44M-1.56B-1.78B-696.27M-1.10B-632.51M-89.03M-1.85B-1.17B-1.98B-2.27B-2.29B-924.57M-1.26B-824.54M-1.77B-1.74B-2.72B-213.59M-4.49B-3.09B-2.18B-2.15B-2.99B-3.92B-3.45B-5.01B
Financing Cash Flow295.30M103.20M-161.40M-80.10M156.50M398.10M806.70M-2.52M294.63M975.45M1.70B-658.80M332.34M-145.99M-1.53B879.71M36.61M1.08B1.31B756.96M-676.51M-179.62M-576.63M17.48M-253.51M243.81M-2.68B1.20B-670.37M9.35B3.04B1.74B-1.99B-1.92B-1.02B
Capital Expenditure397.60M268.20M80.50M145.50M427.50M722.40M1.26B651.45M972.48M1.29B1.74B689.99M1.03B630.67M429.90M1.18B1.32B2.22B2.48B2.19B1.17B1.29B763.78M1.81B1.61B2.49B564.14M3.66B3.02B1.97B2.23B2.71B3.90B3.27B5.23B
Free Cash Flow-318.90M-95.70M136.80M72.00M-202.90M-422.90M-824.50M-124.59M-389.12M-582.33M-1.10B180.48M-171.73M446.32M681.46M-232.07M-48.69M-1.15B-1.63B-524.17M282.11M90.23M648.29M-67.64M333.03M22.33M2.31B-180.89M691.70M-5.70B-4.11B-2.23B580.00M2.00B1.24B
Dividends Paid--32.10M25.40M30.50M34.40M50.00M67.73M81.57M94.42M99.95M100.13M98.32M104.52M118.76M124.46M98.30M128.04M-021.71M117.71M143.63M198.95M280.21M346.49M437.45M527.49M602.67M326.42M000107.00M264.00M
FCF to OCF-405.21%-55.48%62.95%33.10%-90.34%-141.20%-189.93%-23.65%-66.70%-82.80%-174.18%20.73%-20.02%41.44%61.32%-24.47%-3.84%-107.56%-193.24%-31.52%19.38%6.53%45.91%-3.88%17.11%0.89%80.37%-5.20%18.61%152.66%218.74%-463.41%12.96%37.93%19.12%
Dividend Paid to FCF--23.46%35.28%-15.03%-8.13%-6.06%-54.36%-20.96%-16.21%-9.06%55.48%-57.25%23.42%17.43%-53.63%-201.90%-11.11%-0.00%7.69%130.44%22.16%-294.14%84.14%1551.87%18.93%-291.61%87.13%-5.73%0.00%0.00%0.00%5.36%21.36%

Earnings

Report DateApr 23, 1996Jul 22, 1996Oct 22, 1996Jan 30, 1997Apr 24, 1997Jul 22, 1997Oct 29, 1997Feb 11, 1998Apr 29, 1998Jul 28, 1998Oct 22, 1998Feb 1, 1999Apr 21, 1999Jul 22, 1999Oct 20, 1999Jan 25, 2000Apr 24, 2000Jul 25, 2000Oct 18, 2000Jan 25, 2001Apr 25, 2001Jul 25, 2001Oct 30, 2001Jan 29, 2002Apr 24, 2002Jul 25, 2002Oct 23, 2002Jan 30, 2003Apr 23, 2003Jul 28, 2003Oct 27, 2003Jan 29, 2004Apr 21, 2004Jul 28, 2004Oct 21, 2004Feb 1, 2005Apr 21, 2005Jul 27, 2005Oct 26, 2005Feb 2, 2006Apr 21, 2006Jul 27, 2006Oct 31, 2006Feb 5, 2007May 1, 2007Jul 26, 2007Oct 22, 2007Jan 30, 2008Apr 24, 2008Jul 21, 2008Oct 28, 2008Jan 29, 2009Apr 23, 2009Jul 29, 2009Nov 3, 2009Jan 28, 2010Apr 28, 2010Jul 22, 2010Oct 26, 2010Jan 27, 2011Apr 28, 2011Jul 27, 2011Oct 27, 2011Feb 2, 2012Apr 20, 2012Jul 26, 2012Oct 25, 2012Feb 4, 2013Apr 25, 2013Jul 25, 2013Oct 24, 2013Jan 27, 2014Apr 24, 2014Jul 24, 2014Oct 23, 2014Jan 29, 2015Apr 20, 2015Jul 31, 2015Oct 23, 2015Feb 2, 2016Apr 29, 2016Aug 2, 2016Oct 28, 2016Jan 26, 2017Apr 28, 2017Aug 1, 2017Nov 7, 2017Jan 24, 2018Apr 26, 2018Aug 2, 2018Oct 25, 2018Jan 30, 2019May 1, 2019Jul 25, 2019Oct 30, 2019Feb 4, 2020May 20, 2020Aug 10, 2020Oct 29, 2020Feb 22, 2021Apr 29, 2021Aug 4, 2021Oct 29, 2021Feb 4, 2022May 5, 2022Jul 28, 2022Nov 3, 2022Feb 7, 2023May 4, 2023Jul 27, 2023Oct 26, 2023Feb 1, 2024Apr 25, 2024Jul 25, 2024Oct 29, 2024Jan 28, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Jan 29, 2026Apr 30, 2026Jul 28, 2026Oct 27, 2026
EPS Estimate0.270.300.410.130.280.320.460.100.400.460.750.130.480.480.870.180.540.551.080.170.260.310.74-0.220.260.280.990.010.230.150.96-0.070.420.531.27-0.030.550.571.45-0.230.400.541.590.200.070.601.780.340.270.401.620.07-0.33-0.141.01-0.06-0.070.191.570.130.130.441.860.150.140.021.470.060.190.081.660.180.270.532.200.430.140.732.710.920.321.023.101.210.931.673.391.200.972.033.961.521.112.434.321.43-0.55-4.55-4.95-5.20-4.61-4.38-4.21-3.92-4.48-2.300.17-1.34-0.691.583.391.131.312.755.031.502.534.085.682.803.203.976.38
EPS Actual0.280.300.420.130.290.340.500.120.460.460.870.170.520.540.920.210.550.571.040.160.270.490.82-0.200.270.340.990.030.270.280.97-0.100.470.591.33-0.130.630.711.45-0.020.390.571.630.220.040.601.840.330.350.401.920.01-0.17-0.161.070.020.010.281.640.200.420.431.820.170.210.031.680.100.350.231.710.230.210.662.200.320.200.842.840.940.571.093.201.230.991.713.491.341.092.273.981.531.312.544.271.42-1.48-6.13-5.62-5.02-4.44-5.06-4.91-4.78-4.57-2.080.26-1.12-0.231.823.851.251.773.215.201.632.714.385.752.803.604.216.57
Surprise3.70%0.00%2.44%0.00%3.57%6.25%8.70%20.00%15.00%0.00%16.00%30.77%8.33%12.50%5.75%16.67%1.85%3.64%-3.70%-5.88%3.85%58.06%10.81%9.09%3.85%21.43%0.00%200.00%17.39%86.67%1.04%-42.86%11.90%11.32%4.72%-333.33%14.55%24.56%0.00%91.30%-2.50%5.56%2.52%10.00%-42.86%0.00%3.37%-2.94%29.63%0.00%18.52%-85.71%48.48%-14.29%5.94%133.33%114.29%47.37%4.46%53.85%223.08%-2.27%-2.15%13.33%50.00%50.00%14.29%66.67%84.21%187.50%3.01%27.78%-22.22%24.53%0.00%-25.58%42.86%15.07%4.80%2.17%78.13%6.86%3.23%1.65%6.45%2.40%2.95%11.67%12.37%11.82%0.51%0.66%18.02%4.53%-1.16%-0.70%-169.09%-34.73%-13.54%3.46%3.69%-15.53%-16.63%-21.94%-2.01%9.57%52.94%16.42%66.67%15.19%13.57%10.62%35.11%16.73%3.38%8.67%7.02%7.35%1.23%0.00%12.50%6.05%2.98%
Timing----Pre-marketPre-marketPre-marketPre-marketPre-market-------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap83.06B
Enterprise Value102.11B
Trailing P/E18.38
Forward P/E14.45
PEG Ratio1.20
Price / Sales4.34
Price / Book6.81
EPS16.90
Book Value43.79
Revenue (TTM)19.14B
Gross Profit (TTM)9.61B
EBITDA7.15B
Profit Margin23.79%
Operating Margin33.45%
Return on Equity41.29%
Return on Assets7.78%
Shares Outstanding267.47M
Shares Float241.99M
Beta1.82
Dividend Yield2.01%
Dividend Rate6.00
Payout Ratio23.99%

Analyst Ratings

Buy
Based on 29 analystsTarget 353.46
  • Strong Buy
    19
  • Buy
    4
  • Hold
    6

Ownership Breakdown

Institutions
84.49%
Insiders
6.20%
Retail / Other
9.31%

Top Institutional Holders

  • Capital Research Global Investors
    34.26M12.81%
  • Capital Research & Mgmt Co - Division 3
    24.49M9.16%
  • BlackRock Inc
    20.63M7.71%
  • Capital World Investors
    18.67M6.98%
  • Vanguard Capital Management, LLC
    16.03M5.99%
  • Vanguard Portfolio Management, LLC
    12.25M4.58%
  • Osiris Holdings Inc.
    11.71M4.38%
  • State Street Corp
    10.69M4.00%
  • Geode Capital Management, LLC
    6.95M2.60%
  • JPMorgan Chase & Co
    3.77M1.41%

Top Fund Holders

  • American Funds Washington Mutual A
    9.46M3.54%
  • American Funds Growth Fd of Amer A
    8.36M3.13%
  • Vanguard MStar Total Stk Mkt Idx Invest
    8.09M3.02%
  • American Funds New Perspective A
    6.81M2.55%
  • Vanguard 500 Index Investor
    6.53M2.44%
  • American Funds Invmt Co of Amer A
    6.43M2.40%
  • American Funds Fundamental Invs A
    5.92M2.21%
  • Vanguard MStar Mid Cap Index Instl
    5.46M2.04%
  • iShares Core S&P 500 ETF
    3.31M1.24%
  • Fidelity 500 Index
    3.24M1.21%

Dividends

20263×
1.50Sep 17, 20261.50Jun 3, 20261.50Mar 6, 2026
20254×
1.00Dec 26, 20251.00Sep 25, 20250.75Jun 4, 20250.75Mar 7, 2025
20242×
0.55Dec 27, 20240.40Sep 20, 2024
20201×
0.78Mar 5, 2020
20194×
0.78Dec 19, 20190.78Sep 19, 20190.70Jun 3, 20190.70Mar 6, 2019
20184×
0.70Dec 19, 20180.70Sep 20, 20180.60Jun 1, 20180.60Mar 6, 2018
20174×
0.60Dec 20, 20170.60Sep 21, 20170.48May 31, 20170.48Mar 3, 2017
20162×
0.48Dec 19, 20160.48Sep 27, 2016

Stock Splits

  • Aug 3, 19982:1