RCL

Royal Caribbean Group

Exchange: NYSESector: IndustrialsIndustry: Travel Services

Royal Caribbean Group is a leading global vacation company spanning cruise, exclusive destinations, and land-based vacation experiences. The company operates 69 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands – Royal Caribbean, Celebrity Cruises, and Silversea – and a 50% joint venture interest in TUI Cruises which operates the Mein Schiff and Hapag-Lloyd brands. The Group is expanding its portfolio of private destinations from three to eight by 2028 through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations. Named to the Fortune World's Most Admired Companies 2026 and Forbes' 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly.

Did you know?

Generated $0.2 in free cash flow for every $1 of capital expenditure in FY25.

Current Price

$259.48

-2.29%

GoodMoat Value

$461.10

77.7% undervalued

Profile

Valuation (TTM)

Market Cap$70.20B

P/E15.67

EV$97.29B

P/B6.99

Shares Out270.53M

P/Sales3.82

Revenue$18.39B

EV/EBITDA12.40

Royal Caribbean Group (RCL) Financial Statements

GoodMoat Analysis

Based on data as of March 26, 2026

Royal Caribbean Group exhibits exceptionally high profitability and strong growth, with an ROE of 42.5% and operating margin of 27.4%. However, its financial quality is mixed, featuring a high debt load and weak free cash flow generation, which are significant concerns for a value investor.

Read full analysis

Royal Caribbean's financial profile presents a compelling but contradictory picture. On one hand, profitability metrics are exceptionally strong. An operating margin of 27.4% and a profit margin of 23.8% indicate powerful operational leverage, a key Quality Indicator. The Return on Equity of 42.5% far exceeds the framework's 15-20% threshold for high ROIC, suggesting superb returns on shareholder capital. Revenue growth of 13.3% YoY is healthy and sustainable, supporting a favourable Growth Assessment. However, significant weaknesses are apparent in other Quality Indicators. The balance sheet is heavily leveraged with a Debt/Equity ratio of 2.2, which is high and fails the framework's preference for low/zero debt. Free cash flow generation is weak, with a FCF Yield of only 1.6%, well below the 10-15% margin target, indicating limited cash conversion from earnings. While the company is GAAP profitable, the combination of high debt and low cash flow constrains financial flexibility. For a value investor, the core tension is between world-class profitability and concerning financial leverage and cash generation.

RCL Financial Data

EBITDA$7.38B

Revenue (TTM)$18.39B

Gross Profit (TTM)$9.14B

Gross Margin—

Operating Margin27.38%

ROE44.62%

ROA10.76%

Debt/Equity2.20

Current Ratio0.18

FCF$1.24B

FCF Yield1.76%

Piotroski F-Score—

Rev/Share (TTM)$67.97

50-Day MA$277.97

200-Day MA$297.05

Shares Outstanding0.27B

RCL Computed Insights

FCF$1.24B

FCF Growth Rate10.16%

EPS Growth (CAGR)14.65%

WACC10.00%

Income Statement

Balance Sheet

Cash Flow Statement

RCL Financial Statements & Data

Royal Caribbean Group (RCL) financial data including income statement, balance sheet, and cash flow statement. This page provides a comprehensive view of Royal Caribbean Group's financial performance and position as a Industrials company.

Trailing twelve-month (TTM) revenue is $18.39B. Gross profit (TTM) is $9.14B. EBITDA is $7.38B. Earnings per share (EPS) is $15.61. The P/E ratio is 15.67. Market capitalization is $70.20B.

Free cash flow (FCF) is $1.24B. FCF growth rate is 10.16%. EPS growth CAGR is 14.65%. Weighted average cost of capital (WACC) is 10.00%.

Historical revenue data covers 7 years from FY19 to FY25. Net income history spans 7 years. Free cash flow and capital expenditure data spans 7 years. GoodMoat displays interactive charts for revenue, net income, FCF vs CAPEX, and cash-to-debt ratios to help investors identify financial trends.

Use Royal Caribbean Group's financial data to assess the company's earnings quality, balance sheet health, and cash generation. Compare key metrics across periods to identify trends before making investment decisions with GoodMoat's valuation tools.