Symbols / RCL
RCL Chart
About
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Travel Services | Market Cap | 85.65B |
| Enterprise Value | 107.04B | Income | 4.27B | Sales | 17.93B |
| Book/sh | 37.12 | Cash/sh | 3.05 | Dividend Yield | 134.00% |
| Payout | 22.42% | Employees | 107950 | IPO | — |
| P/E | 20.13 | Forward P/E | 15.15 | PEG | — |
| P/S | 4.78 | P/B | 8.46 | P/C | — |
| EV/EBITDA | 16.13 | EV/Sales | 5.97 | Quick Ratio | 0.10 |
| Current Ratio | 0.18 | Debt/Eq | 215.09 | LT Debt/Eq | — |
| EPS (ttm) | 15.60 | EPS next Y | 20.73 | EPS Growth | 37.10% |
| Revenue Growth | 13.30% | Earnings | 2026-04-28 | ROA | 7.81% |
| ROE | 47.73% | ROIC | — | Gross Margin | 50.62% |
| Oper. Margin | 21.98% | Profit Margin | 23.80% | Shs Outstand | 270.53M |
| Shs Float | 255.52M | Short Float | 5.34% | Short Ratio | 4.79 |
| Short Interest | — | 52W High | 366.50 | 52W Low | 164.01 |
| Beta | 1.87 | Avg Volume | 2.37M | Volume | 267.72K |
| Target Price | $363.50 | Recom | None | Prev Close | $316.50 |
| Price | $314.07 | Change | -0.77% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$363.50
Mean price target
2. Current target
$314.08
Latest analyst target
3. DCF / Fair value
$-13.15
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$314.08
Low
$250.00
High
$425.00
Mean
$363.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-06 | main | Tigress Financial | Buy → Buy | $425 |
| 2026-02-03 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $330 |
| 2026-02-02 | main | Citigroup | Buy → Buy | $398 |
| 2026-02-02 | main | JP Morgan | Overweight → Overweight | $371 |
| 2026-02-02 | main | Goldman Sachs | Buy → Buy | $370 |
| 2026-02-02 | main | Wells Fargo | Overweight → Overweight | $383 |
| 2026-01-30 | main | Jefferies | Hold → Hold | $334 |
| 2026-01-30 | main | Barclays | Overweight → Overweight | $361 |
| 2026-01-30 | main | Stifel | Buy → Buy | $420 |
| 2026-01-23 | main | Goldman Sachs | Buy → Buy | $310 |
| 2026-01-22 | main | Truist Securities | Hold → Hold | $318 |
| 2026-01-22 | main | Mizuho | Outperform → Outperform | $381 |
| 2026-01-20 | main | Stifel | Buy → Buy | $380 |
| 2026-01-13 | main | Wells Fargo | Overweight → Overweight | $373 |
| 2026-01-12 | main | B of A Securities | Neutral → Neutral | $330 |
| 2025-12-17 | main | Barclays | Overweight → Overweight | $324 |
| 2025-12-15 | main | Jefferies | Hold → Hold | $275 |
| 2025-12-09 | main | Goldman Sachs | Buy → Buy | $275 |
| 2025-12-02 | main | Truist Securities | Hold → Hold | $321 |
| 2025-12-01 | main | Wells Fargo | Overweight → Overweight | $316 |
News
RSS: Latest RCL news- TD Asset Management Inc Raises Holdings in Royal Caribbean Cruises Ltd. $RCL - MarketBeat Wed, 25 Feb 2026 13
- 3 Profitable Stocks We're Skeptical Of - Finviz Wed, 25 Feb 2026 10
- Why Royal Caribbean (RCL) is a Top Growth Stock for the Long-Term - Yahoo Finance Mon, 23 Feb 2026 14
- Major Insider Move Rocks Royal Caribbean Stock - TipRanks Wed, 25 Feb 2026 02
- Royal Caribbean Stock: Deep Discount Or Sinking Ship? - Forbes Wed, 18 Feb 2026 19
- Why Royal Caribbean Stock Is Skyrocketing This Week - The Motley Fool hu, 29 Jan 2026 08
- Norwegian Cruise Line under pressure to catch Royal Caribbean - thestreet.com hu, 19 Feb 2026 21
- Royal Caribbean Guidance Lifts Cruise Stocks. RCL, VIK Shares Jump. - Investor's Business Daily hu, 29 Jan 2026 08
- Royal Caribbean Group (RCL) Shares Gap Down to $305 on Feb 23 - GuruFocus Mon, 23 Feb 2026 17
- Arne Alexander Wilhelmsen Sells 109,297 Shares of Royal Caribbean Cruises (NYSE:RCL) Stock - MarketBeat Wed, 25 Feb 2026 00
- Royal Caribbean (RCL) Target Raised to $425 on Earnings Momentum - Finviz Sun, 22 Feb 2026 12
- Insider Selling: Royal Caribbean Cruises (NYSE:RCL) Director Sells $108,961,896.03 in Stock - MarketBeat Wed, 25 Feb 2026 00
- Royal Caribbean Cruises (NYSE:RCL) Director Arne Alexander Wilhelmsen Sells 19,140 Shares - MarketBeat Wed, 25 Feb 2026 00
- Royal Caribbean Is Cruising Toward a New All-Time High - MarketBeat Mon, 23 Feb 2026 14
- Why Are Amphenol, Royal Caribbean, and Freeport Insiders Selling? - MarketBeat Mon, 23 Feb 2026 18
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 206442 | 65426312 | — | Sale at price 310.38 - 326.03 per share. | WILHELMSEN ARNE ALEXANDER | Director | — | 2026-02-19 00:00:00 | I |
| 1 | 280000 | 91172995 | — | Sale at price 319.28 - 332.03 per share. | WILHELMSEN ARNE ALEXANDER | Director | — | 2026-02-17 00:00:00 | I |
| 2 | 1385 | 453137 | — | Sale at price 327.18 per share. | MONTIEL MARITZA GOMEZ | Director | — | 2026-02-17 00:00:00 | D |
| 3 | 7854 | 2562053 | — | Sale at price 326.21 per share. | BETHGE LAURA H | Officer | — | 2026-02-17 00:00:00 | D |
| 4 | 4442 | 1456932 | — | Sale at price 327.99 per share. | PUJOL HENRY L | Officer | — | 2026-02-13 00:00:00 | D |
| 5 | 80000 | 26145464 | — | Sale at price 322.66 - 332.19 per share. | BAYLEY MICHAEL W | Officer | — | 2026-02-13 00:00:00 | D |
| 6 | 90910 | 29709953 | — | Sale at price 322.65 - 332.29 per share. | LIBERTY JASON T | Chief Executive Officer | — | 2026-02-13 00:00:00 | D |
| 7 | 750 | — | — | Stock Gift at price 0.00 per share. | HOLTZ NAFTALI | Chief Financial Officer | — | 2026-02-13 00:00:00 | D |
| 8 | 51131 | 16739937 | — | Sale at price 322.67 - 332.19 per share. | HOLTZ NAFTALI | Chief Financial Officer | — | 2026-02-13 00:00:00 | D |
| 9 | 11357 | — | — | Stock Award(Grant) at price 0.00 per share. | PUJOL HENRY L | Officer | — | 2026-02-10 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.02 | 0.02 | 0.00 | 0.00 |
| NormalizedEBITDA | 7.08B | 6.13B | 4.57B | 615.00M |
| TotalUnusualItems | 200.00M | -562.00K | -82.00M | |
| TotalUnusualItemsExcludingGoodwill | 200.00M | -562.00K | -82.00M | |
| NetIncomeFromContinuingOperationNetMinorityInterest | 4.27B | 2.88B | 1.70B | -2.16B |
| ReconciledDepreciation | 1.72B | 1.60B | 1.46B | 1.41B |
| ReconciledCostOfRevenue | 9.08B | 8.65B | 7.78B | 6.62B |
| EBITDA | 7.08B | 6.13B | 4.57B | 615.00M |
| EBIT | 5.37B | 4.53B | 3.11B | -792.00M |
| NetInterestIncome | -968.00M | -1.57B | -1.37B | -1.33B |
| InterestExpense | 992.00M | 1.59B | 1.40B | 1.36B |
| InterestIncome | 24.00M | 16.00M | 36.00M | 36.00M |
| NormalizedIncome | 4.27B | 2.88B | 1.70B | -2.16B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 4.27B | 2.88B | 1.70B | -2.16B |
| TotalExpenses | 13.02B | 12.38B | 11.02B | 9.61B |
| TotalOperatingIncomeAsReported | 4.91B | 4.11B | 2.88B | -766.00M |
| DilutedAverageShares | 274.00M | 279.00M | 283.00M | 255.01M |
| BasicAverageShares | 271.00M | 261.00M | 256.00M | 255.01M |
| DilutedEPS | 15.61 | 10.94 | 6.31 | -8.45 |
| BasicEPS | 15.75 | 11.00 | 6.63 | -8.45 |
| DilutedNIAvailtoComStockholders | 4.28B | 3.05B | 1.78B | -2.16B |
| AverageDilutionEarnings | 16.00M | 175.00M | 88.00M | 0.00 |
| NetIncomeCommonStockholders | 4.27B | 2.88B | 1.70B | -2.16B |
| NetIncome | 4.27B | 2.88B | 1.70B | -2.16B |
| MinorityInterests | -23.00M | -18.00M | -7.00M | 0.00 |
| NetIncomeIncludingNoncontrollingInterests | 4.29B | 2.90B | 1.70B | -2.16B |
| NetIncomeContinuousOperations | 4.29B | 2.90B | 1.70B | -2.16B |
| TaxProvision | 82.00M | 46.00M | 6.00M | |
| PretaxIncome | 4.37B | 2.94B | 1.71B | -2.16B |
| OtherIncomeExpense | 431.00M | 409.00M | 198.00M | -62.00M |
| OtherNonOperatingIncomeExpenses | 17.00M | 149.00M | -2.00M | -119.00M |
| SpecialIncomeCharges | -562.00K | -82.00M | ||
| WriteOff | 562.00K | 82.00M | ||
| EarningsFromEquityInterest | 414.00M | 260.00M | 200.00M | 57.00M |
| GainOnSaleOfSecurity | 200.00M | 57.00M | -135.00M | |
| NetNonOperatingInterestIncomeExpense | -968.00M | -1.57B | -1.37B | -1.33B |
| InterestExpenseNonOperating | 992.00M | 1.59B | 1.40B | 1.36B |
| InterestIncomeNonOperating | 24.00M | 16.00M | 36.00M | 36.00M |
| OperatingIncome | 4.91B | 4.11B | 2.88B | -766.00M |
| OperatingExpense | 3.94B | 3.73B | 3.25B | 2.99B |
| DepreciationAmortizationDepletionIncomeStatement | 1.72B | 1.60B | 1.46B | 1.41B |
| DepreciationAndAmortizationInIncomeStatement | 1.72B | 1.60B | 1.46B | 1.41B |
| SellingGeneralAndAdministration | 2.22B | 2.12B | 1.79B | 1.58B |
| GrossProfit | 8.85B | 7.83B | 6.12B | 2.22B |
| CostOfRevenue | 9.08B | 8.65B | 7.78B | 6.62B |
| TotalRevenue | 17.93B | 16.48B | 13.90B | 8.84B |
| OperatingRevenue | 17.93B | 16.48B | 13.90B | 8.84B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 32.63M | 28.47M | 28.25M | 28.02M |
| OrdinarySharesNumber | 270.42M | 268.90M | 256.42M | 255.24M |
| ShareIssued | 303.05M | 297.37M | 284.67M | 283.26M |
| NetDebt | 20.52B | 19.69B | 20.95B | 21.46B |
| TotalDebt | 22.04B | 20.82B | 22.13B | 23.99B |
| TangibleBookValue | 9.23B | 6.75B | 3.92B | 2.06B |
| InvestedCapital | 31.38B | 27.64B | 26.18B | 26.26B |
| WorkingCapital | -9.84B | -8.11B | -7.61B | -5.37B |
| NetTangibleAssets | 9.23B | 6.75B | 3.92B | 2.06B |
| CapitalLeaseObligations | 690.00M | 744.00M | 678.00M | 603.00M |
| CommonStockEquity | 10.04B | 7.56B | 4.72B | 2.87B |
| TotalCapitalization | 28.20B | 26.04B | 24.46B | 24.17B |
| TotalEquityGrossMinorityInterest | 10.24B | 7.74B | 4.90B | 2.87B |
| MinorityInterest | 208.00M | 172.00M | 175.00M | 0.00 |
| StockholdersEquity | 10.04B | 7.56B | 4.72B | 2.87B |
| GainsLossesNotAffectingRetainedEarnings | -604.00M | -802.00M | -674.00M | -644.00M |
| OtherEquityAdjustments | -604.00M | -802.00M | -674.00M | -644.00M |
| TreasuryStock | 3.25B | 2.08B | 2.07B | 2.07B |
| RetainedEarnings | 5.92B | 2.61B | -10.00M | -1.71B |
| AdditionalPaidInCapital | 7.96B | 7.83B | 7.47B | 7.29B |
| CapitalStock | 3.00M | 3.00M | 3.00M | 3.00M |
| CommonStock | 3.00M | 3.00M | 3.00M | 3.00M |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 31.37B | 29.34B | 30.23B | 30.91B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 19.32B | 19.52B | 20.83B | 22.33B |
| OtherNonCurrentLiabilities | 554.00M | 375.00M | 486.00M | 508.00M |
| LongTermDebtAndCapitalLeaseObligation | 18.77B | 19.14B | 20.34B | 21.83B |
| LongTermCapitalLeaseObligation | 600.00M | 670.00M | 613.00M | 523.00M |
| LongTermDebt | 18.16B | 18.47B | 19.73B | 21.30B |
| CurrentLiabilities | 12.05B | 9.82B | 9.40B | 8.57B |
| OtherCurrentLiabilities | 67.00M | 90.00M | 35.00M | 131.00M |
| CurrentDeferredLiabilities | 5.74B | 5.50B | 5.31B | 4.17B |
| CurrentDeferredRevenue | 5.74B | 5.50B | 5.31B | 4.17B |
| CurrentDebtAndCapitalLeaseObligation | 3.27B | 1.68B | 1.78B | 2.17B |
| CurrentCapitalLeaseObligation | 90.00M | 74.00M | 65.00M | 80.00M |
| CurrentDebt | 3.18B | 1.60B | 1.72B | 2.09B |
| OtherCurrentBorrowings | 3.18B | 1.60B | 1.72B | 2.09B |
| CommercialPaper | 0.00 | |||
| PayablesAndAccruedExpenses | 2.98B | 2.55B | 2.27B | 2.11B |
| CurrentAccruedExpenses | 2.03B | 1.64B | 1.48B | 1.46B |
| InterestPayable | 388.83M | 251.97M | ||
| Payables | 953.00M | 919.00M | 792.00M | 647.00M |
| AccountsPayable | 953.00M | 919.00M | 792.00M | 647.00M |
| TotalAssets | 41.62B | 37.07B | 35.13B | 33.78B |
| TotalNonCurrentAssets | 39.41B | 35.37B | 33.34B | 30.57B |
| OtherNonCurrentAssets | 2.28B | 2.05B | 1.80B | 1.68B |
| GoodwillAndOtherIntangibleAssets | 808.00M | 808.00M | 809.00M | 809.00M |
| OtherIntangibleAssets | 426.38M | 434.56M | ||
| Goodwill | 808.00M | 808.00M | 809.00M | 809.00M |
| NetPPE | 36.32B | 32.51B | 30.73B | 28.08B |
| AccumulatedDepreciation | -16.98B | -15.31B | -13.81B | -12.53B |
| GrossPPE | 53.29B | 47.82B | 44.53B | 40.61B |
| ConstructionInProgress | 1.31B | 1.05B | 3.05B | 1.06B |
| OtherProperties | 620.00M | 677.00M | 611.00M | 538.00M |
| MachineryFurnitureEquipment | 2.07B | 1.67B | 1.59B | 1.53B |
| Properties | 1.52B | 887.00M | 763.00M | 772.00M |
| CurrentAssets | 2.21B | 1.71B | 1.79B | 3.21B |
| OtherCurrentAssets | 690.00M | 670.00M | 617.00M | 456.00M |
| HedgingAssetsCurrent | 115.00M | 11.00M | 25.00M | 59.00M |
| PrepaidAssets | 286.03M | |||
| Inventory | 264.00M | 265.00M | 248.00M | 224.00M |
| Receivables | 317.00M | 371.00M | 405.00M | 531.00M |
| AccountsReceivable | 317.00M | 371.00M | 405.00M | 531.00M |
| AllowanceForDoubtfulAccountsReceivable | -6.60M | -11.60M | -13.41M | |
| GrossAccountsReceivable | 411.60M | 542.60M | 421.48M | |
| CashCashEquivalentsAndShortTermInvestments | 825.00M | 388.00M | 497.00M | 1.94B |
| CashAndCashEquivalents | 825.00M | 388.00M | 497.00M | 1.94B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 1.24B | 2.00B | 580.00M | -2.23B |
| RepurchaseOfCapitalStock | -1.16B | 0.00 | 0.00 | 0.00 |
| RepaymentOfDebt | -3.54B | -11.94B | -9.65B | -7.78B |
| IssuanceOfDebt | 4.67B | 10.32B | 7.64B | 9.79B |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 1.62B | |
| CapitalExpenditure | -5.23B | -3.27B | -3.90B | -2.71B |
| InterestPaidSupplementalData | 864.00M | 1.21B | 1.44B | 960.00M |
| EndCashPosition | 825.00M | 388.00M | 497.00M | 1.94B |
| BeginningCashPosition | 388.00M | 497.00M | 1.94B | 2.70B |
| EffectOfExchangeRateChanges | 2.00M | -6.00M | 1.00M | -2.00M |
| ChangesInCash | 435.00M | -103.00M | -1.44B | -765.00M |
| FinancingCashFlow | -1.02B | -1.92B | -1.99B | 1.74B |
| CashFlowFromContinuingFinancingActivities | -1.02B | -1.92B | -1.99B | 1.74B |
| NetOtherFinancingCharges | -170.00M | -190.00M | 12.00M | -268.00M |
| CashDividendsPaid | -824.00M | -107.00M | 0.00 | 0.00 |
| CommonStockDividendPaid | -824.00M | -107.00M | 0.00 | 0.00 |
| NetCommonStockIssuance | -1.16B | 0.00 | 0.00 | 0.00 |
| CommonStockPayments | -1.16B | 0.00 | 0.00 | 0.00 |
| CommonStockIssuance | 0.00 | 0.00 | 1.62B | |
| NetIssuancePaymentsOfDebt | 1.14B | -1.62B | -2.00B | 2.01B |
| NetShortTermDebtIssuance | 0.00 | 0.00 | -415.00M | |
| ShortTermDebtPayments | 0.00 | 0.00 | -415.00M | |
| ShortTermDebtIssuance | 0.00 | 0.00 | ||
| NetLongTermDebtIssuance | 1.14B | -1.62B | -2.00B | 2.01B |
| LongTermDebtPayments | -3.54B | -11.94B | -9.65B | -7.78B |
| LongTermDebtIssuance | 4.67B | 10.32B | 7.64B | 9.79B |
| InvestingCashFlow | -5.01B | -3.45B | -3.92B | -2.99B |
| CashFlowFromContinuingInvestingActivities | -5.01B | -3.45B | -3.92B | -2.99B |
| NetOtherInvestingChanges | 147.00M | 5.00M | 56.00M | 26.00M |
| NetInvestmentPurchaseAndSale | 176.00M | -116.00M | -51.00M | -303.00M |
| SaleOfInvestment | 200.00M | 14.00M | 35.00M | 53.00M |
| PurchaseOfInvestment | -24.00M | -130.00M | -86.00M | -356.00M |
| NetBusinessPurchaseAndSale | -106.00M | -67.00M | -31.00M | 0.00 |
| PurchaseOfBusiness | -106.00M | -67.00M | -31.00M | 0.00 |
| NetPPEPurchaseAndSale | -5.23B | -3.27B | -3.90B | -2.71B |
| SaleOfPPE | 13.00M | 421.00K | 176.00M | |
| PurchaseOfPPE | -5.23B | -3.27B | -3.90B | -2.71B |
| OperatingCashFlow | 6.46B | 5.26B | 4.48B | 481.00M |
| CashFlowFromContinuingOperatingActivities | 6.46B | 5.26B | 4.48B | 481.00M |
| DividendReceivedCFO | 264.00M | 29.00M | 11.00M | 0.00 |
| ChangeInWorkingCapital | 383.00M | 204.00M | 1.17B | 973.00M |
| ChangeInOtherWorkingCapital | 243.00M | 186.00M | 1.14B | 1.01B |
| ChangeInPayablesAndAccruedExpense | 243.00M | 120.00M | 137.00M | 427.00M |
| ChangeInAccruedExpense | 216.00M | 0.00 | 13.00M | 352.00M |
| ChangeInInterestPayable | 136.85M | -694.00K | ||
| ChangeInPayable | 27.00M | 120.00M | 124.00M | 75.00M |
| ChangeInAccountPayable | 27.00M | 120.00M | 124.00M | 75.00M |
| ChangeInPrepaidAssets | -100.00M | -137.00M | -184.00M | -153.00M |
| ChangeInInventory | 0.00 | -17.00M | -24.00M | -74.00M |
| ChangeInReceivables | -3.00M | 52.00M | 99.00M | -234.00M |
| OtherNonCashItems | 63.00M | -11.00M | 116.00M | 106.00M |
| StockBasedCompensation | 175.00M | 267.00M | 126.00M | 36.00M |
| AssetImpairmentCharge | 562.00K | 82.00M | ||
| DeferredTax | 18.00M | 0.00 | -8.00M | -22.00M |
| DeferredIncomeTax | 18.00M | 0.00 | -8.00M | -22.00M |
| DepreciationAmortizationDepletion | 1.72B | 1.60B | 1.46B | 1.41B |
| DepreciationAndAmortization | 1.72B | 1.60B | 1.46B | 1.41B |
| OperatingGainsLosses | -447.00M | 280.00M | -98.00M | 137.00M |
| EarningsLossesFromEquityInvestments | -414.00M | -260.00M | -200.00M | -57.00M |
| GainLossOnInvestmentSecurities | -49.00M | 77.00M | -19.00M | 100.00M |
| NetForeignCurrencyExchangeGainLoss | 0.00 | 0.00 | ||
| NetIncomeFromContinuingOperations | 4.29B | 2.90B | 1.70B | -2.16B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for RCL
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|