Royal Caribbean Cruises Ltd.

NYSE:RCL Stock Report

Market Cap: US$77.6b

Royal Caribbean Cruises Past Earnings Performance

Past criteria checks 4/6

Royal Caribbean Cruises has been growing earnings at an average annual rate of 67.4%, while the Hospitality industry saw earnings growing at 30.9% annually. Revenues have been growing at an average rate of 42.4% per year. Royal Caribbean Cruises's return on equity is 39.7%, and it has net margins of 23.3%.

Key information

67.38%

Earnings growth rate

68.36%

EPS growth rate

Hospitality Industry Growth19.52%
Revenue growth rate42.37%
Return on equity39.73%
Net Margin23.32%
Last Earnings Update30 Sep 2025

Recent past performance updates

We Think That There Are Issues Underlying Royal Caribbean Cruises' (NYSE:RCL) Earnings

May 07
We Think That There Are Issues Underlying Royal Caribbean Cruises' (NYSE:RCL) Earnings

Recent updates

Royal Caribbean Cruises: When Great Earnings Don't Float The Boat

Oct 29

An Intrinsic Calculation For Royal Caribbean Cruises Ltd. (NYSE:RCL) Suggests It's 44% Undervalued

Jul 16
An Intrinsic Calculation For Royal Caribbean Cruises Ltd. (NYSE:RCL) Suggests It's 44% Undervalued

Investors Appear Satisfied With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Prospects As Shares Rocket 25%

Jul 04
Investors Appear Satisfied With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Prospects As Shares Rocket 25%

Investors Will Want Royal Caribbean Cruises' (NYSE:RCL) Growth In ROCE To Persist

May 27
Investors Will Want Royal Caribbean Cruises' (NYSE:RCL) Growth In ROCE To Persist

Royal Caribbean Cruises Ltd.'s (NYSE:RCL) 26% Jump Shows Its Popularity With Investors

May 13
Royal Caribbean Cruises Ltd.'s (NYSE:RCL) 26% Jump Shows Its Popularity With Investors

We Think That There Are Issues Underlying Royal Caribbean Cruises' (NYSE:RCL) Earnings

May 07
We Think That There Are Issues Underlying Royal Caribbean Cruises' (NYSE:RCL) Earnings

If EPS Growth Is Important To You, Royal Caribbean Cruises (NYSE:RCL) Presents An Opportunity

Apr 19
If EPS Growth Is Important To You, Royal Caribbean Cruises (NYSE:RCL) Presents An Opportunity

Royal Caribbean Cruises' Selloff Is Finally Here - Upgrade To Buy

Mar 26

Shareholders Should Be Pleased With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Price

Mar 22
Shareholders Should Be Pleased With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Price

Royal Caribbean: Margin Expansion Will Drive Shares Higher

Mar 05

Royal Caribbean Cruises: This Company Is Built To Withstand A Slowdown

Feb 19

Royal Caribbean Cruises: Fade The Rally - Consumer Spending Trends May Reverse Soon

Feb 10

Returns On Capital Are Showing Encouraging Signs At Royal Caribbean Cruises (NYSE:RCL)

Jan 05
Returns On Capital Are Showing Encouraging Signs At Royal Caribbean Cruises (NYSE:RCL)

Royal Caribbean Cruises: Why You Should Disembark

Jan 03

Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Intrinsic Value Is Potentially 69% Above Its Share Price

Dec 24
Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Intrinsic Value Is Potentially 69% Above Its Share Price

These 4 Measures Indicate That Royal Caribbean Cruises (NYSE:RCL) Is Using Debt Reasonably Well

Dec 12
These 4 Measures Indicate That Royal Caribbean Cruises (NYSE:RCL) Is Using Debt Reasonably Well

Royal Caribbean: No Significant Upside Despite Factoring In Generous Assumptions

Dec 01

Here's Why We Think Royal Caribbean Cruises (NYSE:RCL) Might Deserve Your Attention Today

Nov 30
Here's Why We Think Royal Caribbean Cruises (NYSE:RCL) Might Deserve Your Attention Today

Royal Caribbean: Let Your Winners Run - Downgrade To Hold

Nov 19

Royal Caribbean: A Double Beat On Earnings Is Relatively Likely (Earnings Preview)

Oct 25

Royal Caribbean: Don't Overlook This ROA King

Oct 18

Royal Caribbean: Peak Travel Remains Far Off

Sep 30

Royal Caribbean: Tailwind From Cruise Demand While Sailing Into Recession Uncertainty

Sep 15

Royal Caribbean Cruises: Riding The Waves Higher As Demand Soars

Aug 13

Royal Caribbean: Buy More As It Dips, Double Digit Growths Ahead

Jul 27

Royal Caribbean: Smooth Operator, Shrewd Profiteer

Jun 24

Royal Caribbean Cruises: Estimated Earnings Already Priced In

Jun 14

Royal Caribbean Keeps Delivering - Fade The Rally Before Adding

May 02

Revenue & Expenses Breakdown

How Royal Caribbean Cruises makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:RCL Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2517,4374,0662,4850
30 Jun 2517,1843,6032,4090
31 Mar 2516,7563,2472,3640
31 Dec 2416,4852,8772,3370
30 Sep 2416,0552,6022,1810
30 Jun 2415,3302,5002,1220
31 Mar 2414,7422,1052,0820
31 Dec 2313,9001,6971,9810
30 Sep 2313,1729201,9630
30 Jun 2312,005-561,9310
31 Mar 2310,667-1,0371,8500
31 Dec 228,840-2,1561,7200
30 Sep 227,219-3,0131,7850
30 Jun 224,683-4,4701,7020
31 Mar 222,549-5,2961,5770
31 Dec 211,532-5,2601,4100
30 Sep 21584-5,2701,1370
30 Jun 2193-5,1931,0780
31 Mar 21218-5,4851,1140
31 Dec 202,209-5,7971,2170
30 Sep 204,692-4,1571,4500
30 Jun 207,913-1,9271,5480
31 Mar 2010,5441851,6290
31 Dec 1910,9511,8791,6630
30 Sep 1910,7661,9211,5440
30 Jun 1910,3751,8491,4730
31 Mar 199,9061,8421,3630
31 Dec 189,4941,8111,3030
30 Sep 189,1661,7831,2450
30 Jun 188,9391,7261,2190
31 Mar 188,7971,6291,2060
31 Dec 178,7781,6251,1860
30 Sep 178,6831,5981,1290
30 Jun 178,6771,5391,1130
31 Mar 178,5871,3991,1160
31 Dec 168,4961,2831,1000
30 Sep 168,4891,2291,1150
30 Jun 168,4487651,1140
31 Mar 168,4017201,1020
31 Dec 158,2996661,0870
30 Sep 158,2155691,0850
30 Jun 158,0818301,0690
31 Mar 158,0027831,0610
31 Dec 148,0747641,0400

Quality Earnings: RCL has high quality earnings.

Growing Profit Margin: RCL's current net profit margins (23.3%) are higher than last year (16.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RCL has become profitable over the past 5 years, growing earnings by 67.4% per year.

Accelerating Growth: RCL's earnings growth over the past year (56.3%) is below its 5-year average (67.4% per year).

Earnings vs Industry: RCL earnings growth over the past year (56.3%) exceeded the Hospitality industry 14.1%.

Return on Equity

High ROE: Whilst RCL's Return on Equity (39.73%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/31 17:09
End of Day Share Price 2025/10/31 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Royal Caribbean Cruises Ltd. is covered by 47 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Felicia Kantor HendrixBarclays
Brandt MontourBarclays