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Consumer Cyclical · Travel Services · United States · Updated May 11, 12:47pm
$265.00
Price
$71.1B
Market Cap
105,950
Employees
1.78
Beta
Jason T. Liberty
CEO
Business Description
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
Business History
Price Overview
Last updated: May 11, 2026 12:47pm (just now)$265.00
-10.24 (-3.72%)
Day Range
$261.61 – $270.23
52-Week Range
$232.60 – $366.50
50-Day MA
$275.39
200-Day MA
$297.74
Volume
1,028,181.27
Analyst Price Targets
Low
$296.00
Consensus
$353.67
High
$425.00
(81 analysts)
Share Structure
Outstanding
268,195,000.00
Float
254,439,258.00
Free Float
94.9%
High free float
— 94.9% of shares trade freely, ~5.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
15.96
Stock Price: $265.00
EPS (Diluted): 15.73
EPS (Diluted): 15.73
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
7.53
Stock Price: $265.00
Total Equity: $10.04B
Shares: 273,000,000
Total Equity: $10.04B
Shares: 273,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.95
Market Cap: $71.07B
Total Debt: $22.04B
Cash: $825.00M
EBITDA: $6.91B
Total Debt: $22.04B
Cash: $825.00M
EBITDA: $6.91B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$97.4B
Market Cap: $71.07B
Total Debt: $22.04B
Cash: $825.00M
Total Debt: $22.04B
Cash: $825.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
46.8%
Gross Profit: $8.40B
Revenue: $17.94B
Revenue: $17.94B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
27.4%
Operating Income: $4.91B
Revenue: $17.94B
Revenue: $17.94B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
23.8%
Net Income: $4.27B
Revenue: $17.94B
Revenue: $17.94B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
45.9%
Net Income: $4.27B
Total Equity: $10.04B
Total Equity: $10.04B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
15.7%
Operating Income: $4.91B
Tax Rate: 0.3%
Equity: $10.04B
Total Debt: $22.04B
Cash: $825.00M
Tax Rate: 0.3%
Equity: $10.04B
Total Debt: $22.04B
Cash: $825.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.18
Current Assets: $2.21B
Current Liabilities: $12.06B
Current Liabilities: $12.06B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.20
Short-Term Debt: $3.27B
Long-Term Debt: $18.77B
Total Debt: $22.04B
Total Equity: $10.04B
Long-Term Debt: $18.77B
Total Debt: $22.04B
Total Equity: $10.04B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$65.70
Revenue: $17.94B
Shares: 273,000,000
Shares: 273,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$36.77
Total Equity: $10.04B
Shares: 273,000,000
Shares: 273,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.53
Operating CF: $6.47B
CapEx: -$5.23B
Shares: 273,000,000
CapEx: -$5.23B
Shares: 273,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.3%
Last Dividend: N/A
Stock Price: $265.00
Stock Price: $265.00
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.27B
Net Income: $4.27B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares RCL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $8.8B | $13.9B | $16.5B | $17.9B |
| Cost of Revenue | $2.7B | $6.6B | $7.8B | $8.7B | $9.5B |
| Gross Profit | -$1.2B | $2.2B | $6.1B | $7.8B | $8.4B |
| Operating Expenses | $2.7B | $3.0B | $3.2B | $3.7B | $3.5B |
| Operating Income | -$3.9B | -$766.0M | $2.9B | $4.1B | $4.9B |
| Net Income | -$5.3B | -$2.2B | $1.7B | $2.9B | $4.3B |
| EBITDA | -$2.7B | $615.0M | $4.6B | $6.1B | $6.9B |
| EPS | $-20.89 | $-8.45 | $6.63 | $11.00 | $15.73 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.7B | $1.9B | $497.0M | $388.0M | $825.0M |
| Total Current Assets | $3.6B | $3.2B | $1.8B | $1.7B | $2.2B |
| Total Assets | $32.3B | $33.8B | $35.1B | $37.1B | $41.6B |
| Current Liabilities | $7.3B | $8.6B | $9.4B | $9.8B | $12.1B |
| Long-Term Debt | $18.8B | $21.3B | $19.7B | $18.5B | $18.8B |
| Total Liabilities | $27.2B | $30.9B | $30.2B | $29.3B | $31.4B |
| Total Equity | $5.1B | $2.9B | $4.7B | $7.6B | $10.0B |
| Retained Earnings | $302.3M | -$1.7B | -$10.0M | $2.6B | $5.9B |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9B | $481.0M | $4.5B | $5.3B | $6.5B |
| Capital Expenditure | -$2.2B | -$2.7B | -$3.9B | -$3.3B | -$5.2B |
| Free Cash Flow | -$4.1B | -$2.2B | $580.0M | $2.0B | $1.2B |
| Acquisitions (net) | -$70.0M | $0 | -$31.0M | -$67.0M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$1.2B |
| Net Change in Cash | -$982.0M | -$767.0M | -$1.4B | -$109.0M | $437.0M |
Analyst Estimates (Annual)
| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$21.1B $20.8B – $21.8B
|
$22.9B $22.9B – $22.9B
|
$24.8B $24.6B – $25.6B
|
$25.3B $25.0B – $26.1B
|
| EBITDA |
$640.9M $634.2M – $663.7M
|
$697.2M $696.3M – $698.1M
|
$754.8M $747.2M – $778.4M
|
$769.9M $762.2M – $794.0M
|
| Net Income |
$5.3B $5.2B – $5.6B
|
$6.0B $5.9B – $6.9B
|
$7.2B $7.1B – $7.5B
|
$8.3B $8.2B – $8.6B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +477.0% | +57.2% | +18.6% | +8.8% |
| Gross Profit Growth | +284.3% | +175.4% | +27.9% | +7.2% |
| Operating Income Growth | +80.2% | +475.7% | +42.7% | +19.6% |
| Net Income Growth | +59.0% | +178.7% | +69.5% | +48.5% |
| EBITDA Growth | +123.0% | +641.6% | +33.5% | +13.5% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-01 | Wiernicki Christopher J | A-Award | 444.00 | $0.00 | $0 |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 42,240.00 | $313.01 | $13.2M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 13,271.00 | $314.11 | $4.2M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 9,724.00 | $315.16 | $3.1M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 24,360.00 | $316.24 | $7.7M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 42,351.00 | $317.33 | $13.4M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 33,418.00 | $318.08 | $10.6M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 4,637.00 | $318.87 | $1.5M |
| 2026-02-25 | Wilhelmsen Arne Alexander | S-Sale | 104.00 | $320.04 | $33,284 |
| 2026-02-26 | Wilhelmsen Arne Alexander | S-Sale | 7,271.00 | $315.62 | $2.3M |
| 2026-02-26 | Wilhelmsen Arne Alexander | S-Sale | 20,617.00 | $316.92 | $6.5M |
| 2026-02-26 | Wilhelmsen Arne Alexander | S-Sale | 106,947.00 | $317.71 | $34.0M |
| 2026-02-26 | Wilhelmsen Arne Alexander | S-Sale | 156,628.00 | $318.64 | $49.9M |
| 2026-02-26 | Wilhelmsen Arne Alexander | S-Sale | 50,784.00 | $319.54 | $16.2M |
| 2026-02-26 | Wilhelmsen Arne Alexander | S-Sale | 13,779.00 | $320.35 | $4.4M |
| 2026-02-27 | Wilhelmsen Arne Alexander | S-Sale | 152,515.00 | $310.78 | $47.4M |
| 2026-02-27 | Wilhelmsen Arne Alexander | S-Sale | 21,280.00 | $311.22 | $6.6M |
| 2026-02-27 | Wilhelmsen Arne Alexander | S-Sale | 31,560.00 | $312.53 | $9.9M |
| 2026-02-27 | Wilhelmsen Arne Alexander | S-Sale | 25,910.00 | $313.48 | $8.1M |
| 2026-02-27 | Wilhelmsen Arne Alexander | S-Sale | 14,211.00 | $314.40 | $4.5M |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-03 | $1.50 | 2026-05-05 | 2026-06-03 | 2026-07-02 |
| 2026-03-06 | $1.50 | 2026-02-10 | 2026-03-06 | 2026-04-03 |
| 2025-12-26 | $1.00 | 2025-12-10 | 2025-12-26 | 2026-01-14 |
| 2025-09-25 | $1.00 | 2025-09-10 | 2025-09-25 | 2025-10-13 |
| 2025-06-04 | $0.75 | 2025-05-06 | 2025-06-04 | 2025-07-03 |
| 2025-03-07 | $0.75 | 2025-02-12 | 2025-03-07 | 2025-04-04 |
| 2024-12-27 | $0.55 | 2024-12-11 | 2024-12-27 | 2025-01-13 |
| 2024-09-20 | $0.40 | 2024-09-20 | 2024-10-11 | |
| 2020-03-05 | $0.78 | 2020-02-20 | 2020-03-06 | 2020-04-06 |
| 2019-12-19 | $0.78 | 2019-12-05 | 2019-12-20 | 2020-01-06 |
| 2019-09-19 | $0.78 | 2019-09-06 | 2019-09-20 | 2019-10-11 |
| 2019-06-03 | $0.70 | 2019-05-14 | 2019-06-04 | 2019-07-03 |
| 2019-03-06 | $0.70 | 2019-02-15 | 2019-03-07 | 2019-04-05 |
| 2018-12-19 | $0.70 | 2018-12-05 | 2018-12-20 | 2019-01-04 |
| 2018-09-20 | $0.70 | 2018-09-07 | 2018-09-21 | 2018-10-11 |
| 2018-06-01 | $0.60 | 2018-05-10 | 2018-06-04 | 2018-07-03 |
| 2018-03-06 | $0.60 | 2018-02-15 | 2018-03-07 | 2018-04-05 |
| 2017-12-20 | $0.60 | 2017-12-07 | 2017-12-21 | 2018-01-05 |
| 2017-09-21 | $0.60 | 2017-07-08 | 2017-09-22 | 2017-10-11 |
| 2017-05-31 | $0.48 | 2017-05-04 | 2017-06-02 | 2017-07-05 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27