Royal Caribbean Cruises Ltd.

US$327.16As of Sun 8 Nov 2026, 12:00 UTC

NYSE:RCLConsumer Disc

Country USA

PE (Fwd) •••

TSR 10Y CAGR 16.90%

Div yield 1.83%

ROE 41.29%

Travel Services

Beta (5Y) 1.86

PE TTM 19.37

TSR TTM 16.34%

Mkt cap US$87.51B

ROIC 15.44%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$331

1.16%

(34.08%)

Hold 2|11|1|11|4

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

20.15

Revenue$B

19.20

20.13

21.52

22.58

24.11

25.57

26.79

28.17

30.20

32.74

22.46

6.32%

6.02%

28.21

Revenue growth%

13.15

12.17

10.77

13.16

15.88

18.30

19.02

20.60

17.82

16.20

6.67

18.30

16.04

21.47

Gross margin%

14.47

11.48

10.51

11.90

9.79

8.55

5.93

3.96

2.23

1.62

6.77

3.96

9.17

15.78

Operating margin%

9.14

9.24

8.82

10.45

9.77

12.05

14.36

15.14

17.89

16.06

26.27

15.14

11.25

26.48

Net margin%

7.09

5.91

4.37

1.73

4.51

6.93

9.01

9.42

11.95

10.81

15.77

9.42

7.01

10.47

P/E ratio (avg)x

31.10

31.89

31.10

29.76

33.77

32.28

33.27

30.69

34.78

36.18

31.84

33.27

32.08

7.613

EV/EBITx

17.34

20.09

23.37

27.17

28.31

28.28

29.85

34.39

35.68

36.66

15.52

34.39

28.29

23.94

FCF yield (avg)%

15.02

16.58

17.48

16.54

14.13

12.23

10.52

11.42

14.02

14.76

19.88

12.23

14.45

21.52

FCF margin%

14.01

13.81

14.63

12.46

14.02

14.24

11.84

11.54

14.43

14.01

2.91

14.01

0.949

FCF / Net incomex

1.647

1.926

2.184

2.370

2.499

2.778

3.030

3.180

3.187

3.456

1.197

3.180

2.639

19.91

ROIC%

23.43

26.26

28.76

26.88

25.74

23.83

24.86

25.75

23.55

20.88

7.86

23.83

25.30

22.52

Return on equity%

4.85

7.28

7.26

8.78

7.66

4.76

2.08

4.12

4.46

3.79

17.21

4.12

4.80

16.31

Return on assets%

5.20

5.65

4.05

6.66

7.85

8.87

9.63

9.93

7.86

8.54

6.70

8.87

7.86

38.70

EPS$

38.98

38.25

45.07

51.60

52.27

56.25

59.19

64.36

74.88

77.37

42.61

8.16%

6.75%

—

18.16

EPS growth%

14.66

15.63

15.12

14.42

17.08

17.47

17.01

19.32

22.17

21.04

6.95

19.32

17.05

23.60

Bookvalue per sh$

17.74

16.49

14.74

14.95

14.63

15.49

14.80

13.56

13.61

14.59

12.56

(0.05%)

(0.90%)

—

36.58

FCF per share$

4.83

4.34

4.51

3.88

3.67

3.85

3.74

3.36

3.10

3.27

23.84

(2.27%)

(4.34%)

—

36.36

Dividend per sh$

62.02

67.77

73.73

71.10

72.13

84.31

93.74

98.94

109.62

105.55

22.56

7.91%

6.67%

—

26.32

Div yield (avg)%

33.48

34.96

35.92

33.67

33.66

31.95

31.41

29.64

28.03

27.92

21.52

29.64

32.72

26.57

Payout ratio%

7.51

9.43

7.47

8.24

7.04

6.10

4.32

3.83

2.82

2.64

3.64

3.83

6.57

269.4

Shares (diluted)M

395.2

412.6

446.5

504.9

593.9

603.9

708.8

803.9

822.0

857.7

267.6

7.63%

8.91%

27.36

Buyback yield%

31.02

32.78

34.97

36.89

39.83

37.82

39.82

37.23

37.68

34.73

18.35

37.68

37.06

0.325

D/E ratiox

1.759

1.611

1.650

1.839

1.996

2.058

1.910

1.991

2.189

2.334

1.207

2.058

1.950

17.23

Enterprise value$B

33.51

35.91

38.29

38.18

45.10

46.32

49.81

48.58

52.16

61.81

2.903

6.51%

6.10%

17.58

LT debt$B

10.53

10.09

9.839

11.21

11.80

12.11

12.03

13.42

13.78

15.27

7.845

5.29%

3.75%

Peers (US$87.51B)

Cap (US$)

Booking Holdings Inc.

119.5B

17.48x

Airbnb, Inc.

111.6B

35.74x

Carnival Corporation…

39.77B

13.04x

Hilton Worldwide…

82.43B

50.10x

Capital

TTM

10Y

Leveragex

2.872

(0.136)

(0.143)

EBIT/Intx

0.308

0.330

0.269

Own earn%

94.91

113.21

114.90

Sh yield%

53.68

66.87

68.76

Owners

Insiders/Inst%

9.65

25.40

Short interest%

3.77

SBC / revenue%

0.35

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

9–18

$1 testx

—

Incr. ROIC%

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.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$32.74B

6.02%

1.00×

Cost of revenue

$20.96B

6.38%

1.03×

Operating expenses

$4.436B

5.53%

0.95×