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) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Royal Caribbean Group is a high-quality cruise operator with a strong brand and scale advantages, but its high debt and capital-intensive model present significant risks. The current valuation appears favourable based on the provided target, but the investment case hinges on sustained travel demand and disciplined capital allocation.

Read full analysis

Royal Caribbean Group (RCL) operates a fleet of cruise ships under brands like Royal Caribbean International, Celebrity Cruises, and Silversea, selling vacation packages to consumers globally. Its customers are primarily leisure travelers. Using the GoodMoat framework, the company demonstrates several competitive advantages. It possesses a strong brand and culture, with leading market awareness in a consolidated industry. Its massive scale in ship ownership—a fleet representing billions in capital—creates a significant barrier to entry (Scale Privilege) and can drive cost advantages. Strategic partnerships for new ship construction and port access further solidify its position. However, it scores lower on criteria like high switching costs or proprietary technology. Key risks, per Section 5 (Red Flags), are pronounced. The Debt/Equity ratio of 2.2 is high, indicating significant financial leverage and sensitivity to interest rates. The business model is also highly capital-intensive, with massive, periodic capex for new ships, which contrasts with the asset-light model favoured in the framework. A value investor might be interested due to the company's strong post-pandemic recovery, evidenced by a robust ROE of 42.5% and operating margin of 27.4%, and a P/E of 17.8 that may be reasonable relative to growth. The provided GoodMoat target of $461.10 suggests a substantial margin of safety from the current price. However, the high debt load and the cyclical nature of travel demand require careful consideration.

RCL Company Information

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.

Sector

Industrials

Industry

Travel Services

Exchange

NYSE

Country

Florida, USA

RCL Key Officers

Key officers data coming soon

RCL Company Profile

Royal Caribbean Group (RCL) is a Industrials company in the Travel Services industry. It trades on NYSE. The company is based in Florida, USA.

Market cap is $70.20B. There are 270.5M shares outstanding. Dividend yield is 1.17%.

See the full Royal Caribbean Group profile on GoodMoat. It covers key officers, financial metrics, and sector details. You can also use GoodMoat's DCF calculator, fair value models, and quality score to help decide if RCL is a good investment.