Royal Caribbean Cruises Ltd. — RCL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $256.01 | $69.82B | 17.2 | 17.9 | 9.7% | 10.1% | $4.00 1.6% | 6.9 |
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 | $12.28 | 1.6% | 12.9% | 11.6% |
| 6 | Average | 104.8% | -32.9% | -36.7% |
EPS
Forecasts
Y/Y % Change
RCL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | -30.6% | 477.0% | 57.2% | 18.6% | 8.9% | 9.3% | 90.1% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | -9.3% | -59.0% | -178.7% | 69.5% | 48.1% | 14.1% | -19.2% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 |
Expenses
| Year | Revenue ($) | 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
SEGMENTS v2025-09-09 · 2025-11-10 08:28 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Cruise Itinerary Rev | Cruise Itinerary OI | Passenger Rev | Passenger OI | Product And Service Other Rev | Product And Service Other OI | Port Costs Rev | Port Costs OI | Other Products And Services Rev | Other Products And Services OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 16.8B | 0.00B | 5.79B | 0.00B | 3.05B | 0.00B | 0.64B | 0.00B | 0.46B | 0.00B | 26.7B | 0.00B |
| 2023 | 26.5B | 0.00B | 9.57B | 0.00B | 4.33B | 0.00B | 0.90B | 0.00B | 0.67B | 0.00B | 41.9B | 0.00B |
| 2024 | 31.4B | 0.00B | 11.5B | 0.00B | 4.99B | 0.00B | 1.10B | 0.00B | 0.79B | 0.00B | 49.8B | 0.00B |
| TTM | 33.6B | 0.00B | 12.3B | 0.00B | 5.35B | 0.00B | 1.30B | 0.00B | 0.87B | 0.00B | 53.5B | 0.00B |
| % of Total (TTM) | 62.9% | — | 23.1% | — | 10.0% | — | 2.4% | — | 1.6% | — | 100% | — |
No segment data available for RCL (axis 2).
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $38,542M |
| 1 | Cash | $735M |
| 2 | Total Liabilities | $29,182M |
| 3 | Total Debt | $19,737M |
| 4 | Total Equity | $9,169M |
| 5 | Debt to Equity Ratio | 2.15 |
EPS & Dividend
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
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 13.51% | 12.68% | 13.46% | 12.74% | 1.31% | 0.89% | 9.69% | 10.10% | 1.9% | 1.9% |
| 3 Years | 13.51% | 12.68% | 13.46% | 12.74% | 1.31% | 0.89% | 9.69% | 10.10% | 1.9% | 1.9% |
| 5 Years | 13.51% | 12.68% | 13.46% | 12.74% | 1.31% | 0.89% | 9.69% | 10.10% | 1.9% | 1.9% |
| 10 Years | 13.51% | 12.68% | 13.46% | 12.74% | 1.31% | 0.89% | 9.69% | 10.10% | 1.9% | 1.9% |