Royal Caribbean Cruises Ltd. — RCL

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$351.63$95.51B26.124.614.1%13.5%$3.00
83.0%		10.4

Revenue & Net Income

Revenue & Net Income
  Date Revenue Net Income EPS Revenue Change Net Income Change EPS Change
0 2020-12-31 $2.2B $-5.8B $-27.05 N/A N/A N/A
1 2021-12-31 $1.5B $-5.3B $-20.89 -30.6% -9.3% -22.8%
2 2022-12-31 $8.8B $-2.2B $-8.45 477.0% -59.0% -59.6%
3 2023-12-31 $13.9B $1.7B $6.63 57.2% -178.7% -178.5%
4 2024-12-31 $16.5B $2.9B $11.00 18.6% 69.5% 65.9%
5 TTM 2025-03-31 $16.8B $3.2B $12.28 1.6% 12.9% 11.6%
6 Average 104.8% -32.9% -36.7%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

RCL Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 Average
Revenue Growth (%) -30.6% 477.0% 57.2% 18.6% 9.1% 9.5% 90.1%
Revenue Analysts (#) 0 0 0 0 0 8 8
EPS Growth (%) -9.3% -59.0% -178.7% 69.5% 47.3% 17.3% -18.8%
EPS Analysts (#) 0 0 0 0 0 8 8

Expenses

Revenue vs Expenses Expenses % of Revenue
Year Revenue ($) Cost of Revenue ($) SG&A ($) Facilities / D&A ($)
2021 $1.5B $1.4B $1.4B $1.3B
2022 $8.8B $5.2B $1.6B $1.4B
2023 $13.9B $6.3B $1.8B $1.5B
2024 $16.5B $7.1B $2.1B $1.6B
TTM $17.2B $7.2B $2.2B $1.6B
Year Revenue Change (%) Cost of Revenue Change (%) SG&A Change (%) Facilities / D&A Change (%)
2022 477.02 260.24 15.55 8.82
2023 57.24 21.33 13.20 3.41
2024 18.60 11.58 18.58 9.97
TTM 4.24 1.46 3.25 3.06
No unmapped expenses.

Segment Performance

axis1_RCL_Cruise_Itinerary.png
axis1_RCL_Other_Products_And_Services.png
axis1_RCL_Passenger.png
axis1_RCL_Port_Costs.png
axis1_RCL_Product_And_Service_Other.png
SEGMENTS v2025-09-09 · 2025-09-05 15:05 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
Segment 2022 Rev ($B) 2022 OI ($B) 2023 Rev ($B) 2023 OI ($B) 2024 Rev ($B) 2024 OI ($B) TTM Rev ($B) TTM OI ($B) % of Total (TTM)
Cruise Itinerary 16.8B 0.00B 26.5B 0.00B 31.4B 0.00B 33.5B 0.00B 62.9%
Passenger 5.79B 0.00B 9.57B 0.00B 11.5B 0.00B 12.3B 0.00B 23.2%
Product And Service Other 3.05B 0.00B 4.33B 0.00B 4.99B 0.00B 5.29B 0.00B 9.9%
Port Costs 0.64B 0.00B 0.90B 0.00B 1.10B 0.00B 1.24B 0.00B 2.3%
Other Products And Services 0.46B 0.00B 0.67B 0.00B 0.79B 0.00B 0.88B 0.00B 1.6%
RCL_Asia_Pacific_Member_axis2.png
RCL_Europe_Member_axis2.png
RCL_North_America_Member_axis2.png
RCL_Other_Region_Member_axis2.png

No segment data available for RCL (axis 2).

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $37,452M
1 Cash $386M
2 Total Liabilities $29,310M
3 Total Debt $20,119M
4 Total Equity $7,960M
5 Debt to Equity Ratio 2.53

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$272.39 4.4% Nicks Growth: 10%
Nick's Expected Margin: 12%
FINVIZ Growth: 20%		 Nicks: 17
Finviz: 43		 Nick's: 2.074 4.4 22.2
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$12.28 EPS TTM $212.26 -22.1% $527.19 93.5%
$15.42 EPS 2025 $266.53 -2.2% $662.00 143.0%
$17.66 EPS 2026 $305.25 12.1% $758.16 178.3%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 14.19% 13.05% 14.41% 13.20% 0.92% 0.71% 14.36% 13.86% 48.3% 91.4%
3 Years 14.19% 13.05% 14.41% 13.20% 0.92% 0.71% 14.36% 13.86% 48.3% 91.4%
5 Years 14.19% 13.05% 14.41% 13.20% 0.92% 0.71% 14.36% 13.86% 48.3% 91.4%
10 Years 14.19% 13.05% 14.41% 13.20% 0.92% 0.71% 14.36% 13.86% 48.3% 91.4%

← Back