Royal Caribbean Cruises Ltd. (RCL) Stock

About Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. is led by CEO Jason T. Liberty, employs 105,950 people, headquartered in Miami, US, publicly traded since 1993.

Royal Caribbean Cruises Ltd. (RCL) stock trades at $276.48 with a market capitalization of $73.95B. The stock is valued at a price-to-earnings (P/E) ratio of 14.92, price-to-book of 6.38, price-to-sales of 3.48. Over the past 52 weeks the stock has ranged between $222.22 and $356.39, and currently trades 22.4% below its 52-week high. It pays a dividend yielding 2.47%.

On profitability, Royal Caribbean Cruises Ltd. generates a return on equity (ROE) of 43.83%, above the typical market range of roughly 12-15%, return on capital employed of 15.47%, an operating margin of 27.88%, a net profit margin of 23.56%.

In its most recent fiscal year, Royal Caribbean Cruises Ltd. reported annual revenue of $17.9B, net profit of $4.3B. Revenue grew at an average annual rate of 52.0% over the last 5 fiscal years.

The balance sheet shows a debt-to-equity ratio of 2.30 (debt more than twice shareholders' equity), a current ratio of 0.18, total assets of $41.6B, $825.0M in cash and equivalents.

RCL has an average daily trading volume of 2,408,778 shares, a beta of 1.75 (historically more volatile than the overall market).

Royal Caribbean Cruises Ltd. by the numbers, 2016–2025

Between 2016 and 2025 Royal Caribbean Cruises Ltd. reported revenue of $8.5B rising to $17.9B, a change of +111.1% across 10 years. Compounded, revenue has grown 52.0% a year over five years, 26.6% over three, 8.8% over the last twelve months. Net profit rose to $4.3B.

Operating margin went from 17.4% in 2016 to 27.4% in 2025, a gain of 10.0 percentage points. The most recent net margin is 23.56%. On a trailing twelve-month basis to Jun '26, revenue is $18.7B and net profit $4.4B.

Borrowings rose from $9.4B to $22.6B, cash from operations was $6.5B in the latest year, positive in 8 of the last 10.

Return on equity has averaged -12.4% over five years, and was 42.6% in the most recent year.

The share price itself has compounded at 30.4% a year over five years, 50.6% over three, 21.6% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Royal Caribbean Cruises Ltd. (RCL) — frequently asked questions