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Royal Caribbean Cruises Ltd. logo

Royal Caribbean Cruises Ltd.

RCL

NYSEConsumer CyclicalTravel Services

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Previous close

$292

+$4.38 · +1.52%

Aug 21, 4:00 PM ET

RCL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

90

Deep Value

Momentum

33

Weakening

Sentiment

73

Bullish

Risk resilience

51

Elevated Risk

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Company profile

Company website

Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels. Established in 1968, the company's corporate headquarters are situated in Miami, Florida.

Industry
Travel Services
Sector
Consumer Cyclical
Headquarters
US
CEO
Jason T. Liberty
Listed since
Apr 28, 1993
Employees
107,975

Market position

Day range

Current $292

52-week range

Current $292

Open
$290.31
Previous close
$287.62
Volume
1.22M
0.47× average
Average volume
2.58M
Average daily volume
Market cap
78.31B USD
Beta
1.78
Market reference 1
50-day average
$303.6
-3.82% below average
200-day average
$286.85
+1.79% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
97.4B USD
P/E (TTM)
17.95×
P/B (TTM)
7.67×
P/S (TTM)
4.19×
EV / EBITDA
14.1×
Earnings yield
5.65%
Free cash flow yield
1.64%
Dividend yield
1.71%

Profitability & efficiency

Gross margin
46.64%
Operating margin
27.32%
Net margin
23.56%
Return on equity
42.57%
Return on assets
10.27%
Return on invested capital
14.90%

Financial health

Debt / equity
2.3×
Current ratio
0.18×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends87%-70%-226%-382%Gross margin, FY2021: -78.79%Gross margin, FY2022: 25.16%Gross margin, FY2023: 44.06%Gross margin, FY2024: 47.52%Gross margin, FY2025: 46.84%Operating margin, FY2021: -252.61%Operating margin, FY2022: -8.67%Operating margin, FY2023: 20.71%Operating margin, FY2024: 24.91%Operating margin, FY2025: 27.37%Net margin, FY2021: -343.34%Net margin, FY2022: -24.39%Net margin, FY2023: 12.21%Net margin, FY2024: 17.45%Net margin, FY2025: 23.82%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -78.79%. Gross margin FY2022 25.16%. Gross margin FY2023 44.06%. Gross margin FY2024 47.52%. Gross margin FY2025 46.84%. Operating margin FY2021 -252.61%. Operating margin FY2022 -8.67%. Operating margin FY2023 20.71%. Operating margin FY2024 24.91%. Operating margin FY2025 27.37%. Net margin FY2021 -343.34%. Net margin FY2022 -24.39%. Net margin FY2023 12.21%. Net margin FY2024 17.45%. Net margin FY2025 23.82%.

Income trends

Revenue

17.94B USD+8.80%

Operating income

4.91B USD+19.56%

Net income

4.27B USD+48.52%
Income trends across reported periods20.25B USD10.98B USD1.7B USD−7.58B USDRevenue, FY2021: 1.53B USDRevenue, FY2022: 8.84B USDRevenue, FY2023: 13.9B USDRevenue, FY2024: 16.49B USDRevenue, FY2025: 17.94B USDOperating income, FY2021: −3.87B USDOperating income, FY2022: −766M USDOperating income, FY2023: 2.88B USDOperating income, FY2024: 4.11B USDOperating income, FY2025: 4.91B USDNet income, FY2021: −5.26B USDNet income, FY2022: −2.16B USDNet income, FY2023: 1.7B USDNet income, FY2024: 2.88B USDNet income, FY2025: 4.27B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.53B USD. Revenue FY2022 8.84B USD. Revenue FY2023 13.9B USD. Revenue FY2024 16.49B USD. Revenue FY2025 17.94B USD. Operating income FY2021 −3.87B USD. Operating income FY2022 −766M USD. Operating income FY2023 2.88B USD. Operating income FY2024 4.11B USD. Operating income FY2025 4.91B USD. Net income FY2021 −5.26B USD. Net income FY2022 −2.16B USD. Net income FY2023 1.7B USD. Net income FY2024 2.88B USD. Net income FY2025 4.27B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue17.94B USD16.49B USD13.9B USD8.84B USD1.53B USD
Cost of goods sold9.54B USD8.65B USD7.78B USD6.62B USD2.74B USD
Gross profit8.4B USD7.83B USD6.13B USD2.22B USD−1.21B USD
Selling, general, and administrative2.22B USD2.13B USD1.79B USD1.58B USD1.37B USD
Operating expenses3.49B USD3.73B USD3.25B USD2.99B USD2.66B USD
Interest income24M USD16M USD36M USD36M USD17M USD
Interest expense992M USD1.59B USD1.4B USD1.36B USD1.29B USD
Depreciation and amortization1.61B USD1.6B USD1.46B USD1.41B USD1.29B USD
Operating income4.91B USD4.11B USD2.88B USD−766M USD−3.87B USD
Net income4.27B USD2.88B USD1.7B USD−2.16B USD−5.26B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 0 misses, 1 met estimate
Average EPS surprise
+9.44%
11 comparable reports
Latest EPS result
4.21
Estimate 3.98 · Beat by 5.78%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates6.744.923.11.28Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MetQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 1.63, estimate 1.5, surprise +8.67%, Beat. Q2 2025, reported Apr 29, 2025: actual 2.71, estimate 2.55, surprise +6.27%, Beat. Q3 2025, reported Jul 29, 2025: actual 4.38, estimate 4.09, surprise +7.09%, Beat. Q4 2025, reported Oct 28, 2025: actual 5.75, estimate 5.69, surprise +1.05%, Beat. Q1 2026, reported Jan 29, 2026: actual 2.8, estimate 2.8, surprise 0.00%, Met estimate. Q2 2026, reported Apr 30, 2026: actual 3.6, estimate 3.24, surprise +11.11%, Beat. Q3 2026, reported Jul 28, 2026: actual 4.21, estimate 3.98, surprise +5.78%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 6.35, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.82B5.06B4.3B3.54BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 28, 2025: actual 3.76B USD, estimate 3.76B USD, surprise -0.03%, Miss. Q2 2025, reported Apr 29, 2025: actual 4B USD, estimate 4.01B USD, surprise -0.36%, Miss. Q3 2025, reported Jul 29, 2025: actual 4.54B USD, estimate 4.55B USD, surprise -0.30%, Miss. Q4 2025, reported Oct 28, 2025: actual 5.14B USD, estimate 5.17B USD, surprise -0.53%, Miss. Q1 2026, reported Jan 29, 2026: actual 4.26B USD, estimate 4.26B USD, surprise -0.08%, Miss. Q2 2026, reported Apr 30, 2026: actual 4.45B USD, estimate 4.46B USD, surprise -0.27%, Miss. Q3 2026, reported Jul 28, 2026: actual 4.83B USD, estimate 4.82B USD, surprise +0.31%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 5.59B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

52 ratings
Strong buy00%
Buy2548%
Hold2140%
Sell612%
Strong sell00%

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ETFs holding RCL

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
2.45B
Weight
0.11%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
2.08B
Weight
0.12%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
1.66B
Weight
0.74%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
892.33M
Weight
0.11%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Mid-Cap Growth ETF logoVanguard Morningstar Mid-Cap Growth ETFVOT
Market value
587.48M
Weight
1.75%
AUM
33.5B USD
Expense ratio
0.05%
Price / 1D
$305.46+0.79%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
466.44M
Weight
0.13%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
State Street Consumer Discretionary Select Sector SPDR ETF logoState Street Consumer Discretionary Select Sector SPDR ETFXLY
Market value
412.79M
Weight
1.80%
AUM
22.98B USD
Expense ratio
0.08%
Price / 1D
$118.02+1.15%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
365.93M
Weight
0.14%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%

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