Logo
  • Home
  • AI Agent
  • Annotations
  • Watchlists
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy

  • Get the full experience

    We save the real magic for signed-in users.

Logo
RCL US​

Royal Caribbean Cruises Ltd(RCL US)

$276.48-9.653.37%Ext:$268.75-7.742.80%(Market Closed · 23:55:48 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Royal Caribbean Cruises Ltd — Company Profile

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.

Exchange
UN
CEO
Jason T. Liberty
Headquarters
Miami, FL, US
IPO Date
Apr 28, 1993
Employees
107,975
Website
www.rclinvestor.com

Key Metrics

Price
$277.74
Market Cap
$74.49B
Revenue (TTM)
$4.45B
Net Income (TTM)
$941.00M
EPS (TTM)
3.49
P/E (TTM)
16.61
P/B (TTM)
7.59
Dividend Yield
1.76%
ROE (TTM)
9.59%
ROA (TTM)
2.24%
Operating Margin
26.10%
Beta
1.22

Dividends

Last Dividend
$1.50
Last Yield
0.02%

Summary

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.

Website
www.rclinvestor.com
Location
Miami, FL, US
Phone305 539 6000
Employees107,975
CEOJason T. Liberty
IPO DateApr 28, 1993

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.

Latest Documents

SEC Filings(2.2K)

Expand
  • SC 13G/AROYAL CARIBBEAN CRUISES LTD6 Oct
  • 8-KOther Events23 Sep
  • 8-KEntry into a Material Definitive Agreement20 Aug
  • SC 13G/AROYAL CARIBBEAN CRUISES LTD12 Aug
  • 424B5Prospectus filing (Rule 424(b)(5))7 Aug
  • 8-KEntry into a Material Definitive Agreement7 Aug
  • FWPFree writing prospectus6 Aug
  • 424B5Prospectus filing (Rule 424(b)(5))6 Aug
  • 4Statement of changes in beneficial ownership3 Aug
  • 144Bayley Michael W3 Aug
  • 4Statement of changes in beneficial ownership31 Jul
  • 4/AStatement of changes in beneficial ownership (amendment)30 Jul
  • 10-QQ2ended 30 Jun 202628 Jul
  • 8-KResults of Operations and Financial Condition28 Jul
  • 3Initial statement of beneficial ownership24 Jul
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers20 Jul
  • 4Statement of changes in beneficial ownership3 Jun
  • 4Statement of changes in beneficial ownership29 May
  • 4Statement of changes in beneficial ownership29 May
  • 4Statement of changes in beneficial ownership29 May

News

  • Royal Caribbean (RCL) Suffers a Larger Drop Than the General Market: Key Insights23 Oct
  • Cruise Stocks Fall as Oil Price Hits Five-Month High: Norwegian Sinks 6%, Royal Caribbean and Carnival Drop 4%23 Oct
  • Royal Caribbean Gears Up to Report Q3 Earnings: What's in Store?22 Oct
  • Unveiling Royal Caribbean (RCL) Q3 Outlook: Wall Street Estimates for Key Metrics22 Oct
  • Cruise Stocks Rally While Energy Shares Slip: Norwegian, Royal Caribbean and Carnival Rise 3%20 Oct
  • Royal Caribbean (RCL) Earnings Expected to Grow: Should You Buy?20 Oct
  • Will Royal Caribbean (RCL) Beat Estimates Again in Its Next Earnings Report?16 Oct
  • RCL Stock Rises 12% in a Month: Should You Buy Now or Hold Steady?16 Oct
  • Royal Caribbean (RCL) Beats Stock Market Upswing: What Investors Need to Know15 Oct
  • Royal Caribbean Cruises Ltd. (RCL) is Attracting Investor Attention: Here is What You Should Know14 Oct
  • ROYAL CARIBBEAN UNVEILS MORE WAYS TO EXPLORE EUROPE IN 2028-29 WITH NEW YEAR-ROUND SEASON14 Oct
  • 3 Absurdly Cheap Stocks to Buy Before the End of 202613 Oct
  • Royal Caribbean's Repeat Guests Spend More: Can Loyalty Drive Growth?12 Oct
  • What the Sandals Deal Means for Royal Caribbean's Next Leg of Growth?12 Oct
  • 1 of These Stocks Raised Its Dividend 50%. The Other Pays Nearly 4 Times the Yield.9 Oct
  • ROYAL CARIBBEAN GROUP TO HOLD CONFERENCE CALL ON THIRD QUARTER 2026 EARNINGS8 Oct
  • Royal Caribbean's Sandals Deal Shocked Wall Street. Analysts Now See Big Gains.8 Oct
  • Why Royal Caribbean (RCL) Dipped More Than Broader Market Today7 Oct
  • SILVERSEA UNVEILS 103 NEW SAILINGS FOR 2028-2029, INCLUDING NEW S.A.L.T. CULINARY VOYAGES AND A SOUTH AMERICA CIRCUMNAVIGATION6 Oct
  • Norwegian Cruise Line Climbs 5% as the Whole Cruise Group Runs; Royal Caribbean Gains 4%, Carnival Adds 4%6 Oct

Mentions in Filings

  • … 2024, Prospectus Supplement dated February 21, 2024 and Stock-Linked Underlying Supplement dated February 21, 2024) HSBC USA Inc. Autocallable Contingent Income Barrier Notes Linked to the Common Stock of <strong>Royal Caribbean Cruises Ltd.</strong> (the "Reference Asset") Quarterly Contingent Coupon payments at a rate of at least 3.7875% (equivalent to at least 15.15% per annum) (to be determined on the Trade Date), payable if the Official Closing Price …
    HSBC USA INC /MD/Royal Caribbean Cruises Ltd·FWP - FREE WRITING PROSPECTUS·Q3 26·17 Sep
  • … nt of Brand Marketing and a Corporate Officer of the Whirlpool Corporation from 2007 to 2009. Prior to the Whirlpool Corporation, Ms. Taaffe served as Senior Vice President of Marketing and Corporate Officer of <strong>Royal Caribbean Cruises Ltd.</strong> from 2005 to 2007. Previously, Ms. Taaffe served as Vice President of Health and Wellness Strategy and Programming at PepsiCo from 2003 to 2005. She was Vice President of Marketing for Frito-Lay’s Convenience F …
    SANFILIPPO JOHN B & SON INCRoyal Caribbean Cruises Ltd·DEF 14A - Definitive proxy statement·Q1 27·14 Sep
  • … to 2010, she was President and Chief Executive Officer of Take Stock in Children, Inc., a Florida based non-profit that helps low-income youth escape the cycle of poverty through education. Ms. Sastre served with <strong>Royal Caribbean Cruises</strong> LTD from 2000 to 2008, where she held the positions of Vice President, International, Asia, Latin America & Caribbean and Vice President of Hotel Operations. Previously, she had held various executive and leadersh …
    GENERAL MILLS INCRoyal Caribbean Cruises Ltd·DEF 14A - Definitive proxy statement·Q2 27·13 Aug
  • … ne Holdings Ltd. (Bermuda) | (20,685 | ) | | (463,758 | ) | | Planet Fitness, Inc. – Class A | (8,069 | ) | | (731,777 | ) | | Restaurant Brands International, Inc. (Canada) | (16,323 | ) | | (1,072,258 | ) | | <strong>Royal Caribbean Cruises Ltd.</strong> (Liberia) | (1,943 | ) | | (557,311 | ) | | Starbucks Corp. | (28,368 | ) | | (2,294,120 | ) | | Wingstop, Inc. | (715 | ) | | (154,890 | ) | | Yum China Holdings, Inc. | (30,022 | ) | | (1,298,752 | ) | | | | …
    SEG Partners Long/Short Equity FundRoyal Caribbean Cruises Ltd·486BPOS - Post-effective amendment (closed-end investment companies)·Q4 26·16 Oct
  • … lthcare | 91,845 | 131.28 USD | 1,920,926,529 | 0.81 | | 16 | SINGAPORE TELECOMMUNICATIONS LTD. | - - | Singapore stock Communication Services | 3,214,100 | 4.58 Singapore Dollar | 1,828,184,947 | 0.77 | | 17 | <strong>ROYAL CARIBBEAN CRUISES LTD.</strong> | - - | US stock General consumer goods and services | 34,713 | 321.94 USD | 1,780,425,295 | 0.75 | | 18 | BAE Systems PLC | - - | uk stock Capital goods and services | 398,402 | 20.59 GBP | 1,760,048,874 | 0.7 …
    キャピタル・インターナショナル株式会社Royal Caribbean Cruises Ltd·Prospectus - Amended Securities Registration Statement·18 Sep·17 Sep
  • … lthcare | 91,845 | 131.28 USD | 1,920,926,529 | 0.81 | | 16 | SINGAPORE TELECOMMUNICATIONS LTD. | - - | Singapore stock Communication Services | 3,214,100 | 4.58 Singapore Dollar | 1,828,184,947 | 0.77 | | 17 | <strong>ROYAL CARIBBEAN CRUISES LTD.</strong> | - - | US stock General consumer goods and services | 34,713 | 321.94 USD | 1,780,425,295 | 0.75 | | 18 | BAE Systems PLC | - - | uk stock Capital goods and services | 398,402 | 20.59 GBP | 1,760,048,874 | 0.7 …
    キャピタル・インターナショナル株式会社Royal Caribbean Cruises Ltd·Annual Report - Annual Securities Report (2025.12.23-2026.06.22)·18 Sep·17 Sep

Key Stats

Trading

Px/Chg 1D$277.74 / +2.87%
Avg Volume2.76M
Beta1.22
Mkt Cap74.49B
FD Mkt Cap73.46B

Float

Shrs Out/Float268.19M / 253.67M
Short Float0.05%
Days to Cover4.30
Stock Repurchased$836.00M

Current Valuation

EV95.99B
EV/EBITDA13.28
EV/Sales5.22
P/B7.59
P/S4.05
FCF Yield1.79%
ROE9.59%
ROA2.24%
Current Ratio0.20

Dividend

Cash$1.50
Yield1.76%
Yield (TTM)1.76%

Estimates

P/E16.61
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings40.55-7.9320.6319.6291.3079.16
Price / Sales8.151.942.523.4216.1616.73
Price / Book Value7.065.967.417.466.867.59
Price / Free Cash Flow146.04-7.6760.3528.27593.4255.84
ENTERPRISE VALUE METRICS
Enterprise Value71,975.639,165.156,810.977,060.990,854.795,986.5
Enterprise Value / Sales11.224.434.094.6721.3321.56
Enterprise Value / EBITDA42.0063.6812.4612.6665.2255.97
Enterprise Value / EBIT29.92-49.4518.2917.1787.0376.54

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue85%1,532.08,840.013,900.016,485.017,935.0
Gross Income—-1,207.02,224.06,125.07,833.08,400.0
EBITDA—-2,675.0615.04,561.06,087.06,909.0
EBIT—-3,968.0-792.03,106.04,487.05,296.0
Net Income—-5,260.0-2,156.01,697.02,877.04,273.0
EPS (Diluted)—-20.89-8.456.3110.9415.61
BALANCE SHEET
Cash & ST Inv-23.2%2,701.81,935.0497.0388.0940.0
Total Assets6.6%32,258.433,776.035,131.037,070.041,619.0
Total Liabilities3.7%27,172.830,907.030,232.029,335.031,374.0
Total Shareholder Equity18.5%5,085.62,869.04,724.07,563.010,037.0
CASH FLOW
Net Operating Cash Flow—-1,878.0481.04,477.05,265.06,465.0
Cap Ex23.7%-2,230.0-2,710.0-3,897.0-3,268.0-5,229.0
Free Cash Flow—-4,108.0-2,229.0580.01,997.01,236.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)276.97
Basic Shares268.20
Market Cap74,282.0
Diluted Shares271.00
Fully Diluted Shares Outstanding271.00
Fully Diluted Market Cap75,058.9
+Consolidated Debt21,792.0
−In-the-Money Convertible Debt—
+Capital Leases678.0
+Operating Leases—
−Cash & Equivalents-512.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest218.0
+Pension Liabilities—
Enterprise Value95,780.0

Segment data

Revenue

by Products and services

  • Cruise Itinerary95%
  • Other Products And Services5%

Revenue

by Geography

  • North America68%
  • Europe17%
  • Asia Pacific10%
  • Other Region5%

Related companies

Viking Holdings Ltd

VIK US

Brookfield Infrastructure Partners L.P.

BIP US

Kirby Corp

KEX US

Matson, Inc.

MATX US

International Seaways, Inc.

INSW US

Golar Lng Ltd

GLNG US

Teekay Tankers Ltd.

TNK US

NORDIC AMERICAN TANKERS Ltd

NAT US

Flex LNG Ltd.

FLNG US

Costamare Bulkers Holdings Ltd

CMDB US

KNOT Offshore Partners LP

KNOP US

EuroDry Ltd.

EDRY US