Royal Caribbean Cruises RCL
- Market cap
- $73.9B
- PE
- 17.1×
- 10y median 17.0×
- Forward PE
- 14.6×
- 10y median 14.3×
- Price to sales
- 4.0×
- EV/EBIT
- 18.8×
- Revenue, 12 months
- $18.7B
- +9% on a year ago
- Net margin
- 23.5%
- Free cash flow yield
- −0.6%
Royal Caribbean Cruises trades at 17.1× trailing earnings, near its ten-year median. Revenue was $18.7B over the last twelve months, up 9% on a year earlier with a 24% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $4.2B+39% | $3.3B+28% | $3.7B+29% | $4.1B+17% | $4.9B+17% | $3.8B+13% | $4B+7% | $4.5B+10% | $5.1B+5% | $4.3B+13% | $4.5B+11% | $4.8B+7% | |
| Cost of revenue | $2.1B+9% | $1.9B+6% | $2.1B+15% | $2.2B+10% | $2.4B+12% | $2.1B+9% | $2.1B+1% | $2.3B+6% | $2.5B+4% | $2.2B+9% | $2.2B+8% | $2.5B+12% |
| Gross profit | $2B+97% | $1.4B+76% | $1.7B+53% | $2B+25% | $2.5B+23% | $1.7B+19% | $1.9B+15% | $2.3B+15% | $2.7B+7% | $2B+18% | $2.2B+15% | $2.3B+1% |
| SG&A | $393M+5% | $503.3M+13% | $535M+16% | $466M+7% | $451M+15% | $673M+34% | $562M+5% | $508M+9% | $522M+16% | $630M−6% | $582M+4% | $513M+1% |
| $1.3B+324% | $569.7M+3587% | $750M+176% | $1.1B+43% | $1.6B+29% | $624M+10% | $945M+26% | $1.3B+21% | $1.7B+4% | $933M+50% | $1.2B+23% | $1.3B−2% | |
| Interest expense | $340M−4% | $347M−20% | $424M+18% | $298M−16% | $603M+77% | $266M−23% | $249M−41% | $228M−24% | $248M−59% | $267M+0% | $278M+12% | $236M+4% |
| Pre-tax income | n/a | n/a | n/a | n/a | n/a | n/a | $751M | $1.2B | n/a | n/a | $976M+30% | $1.1B−7% |
| n/a | n/a | n/a | n/a | n/a | n/a | $16M | $17M | n/a | n/a | $26M+63% | $14M−18% | |
| Net income | $1B+2961% | $277.1M | $360M | $854M+86% | $1.1B+10% | $552M+99% | $730M+103% | $1.2B+42% | $1.6B+42% | $754M+37% | $941M+29% | $1.1B−7% |
| $3.65+2708% | $0.99 | $1.35 | $3.11+83% | $4.21+15% | $2.00+102% | $2.70+100% | $4.41+42% | $5.74+36% | $2.78+39% | $3.48+29% | $4.20−5% | |
| 281.9M+10% | 280M+10% | 281M+10% | 281M−0% | 264M−6% | 276M−1% | 276M−2% | 275M−2% | 274M+4% | 271M−2% | 271M−2% | 268M−3% |
Gross profit: 70 periods, Q1 FY09 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: Q4 FY09 and Q4 FY10: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 7 periods, Q1 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 11 periods, Q4 FY11 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q4 FY12 to Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $5.6B | $5.5B to $5.7B | $6.38 | $6.33 to $6.45 | 15 |
| Q4 FY26 | $4.7B | $4.6B to $4.7B | $3.65 | $3.61 to $3.69 | 15 |
| Q1 FY27 | $4.8B | $4.7B to $4.9B | $3.93 | $3.85 to $4.11 | 6 |
| Q2 FY27 | $5.2B | $5.2B to $5.4B | $4.97 | $4.87 to $5.20 | 6 |
| Q3 FY27 | $6.1B | $6B to $6.3B | $7.38 | $7.23 to $7.71 | 6 |
| Q4 FY27 | $5B | $4.9B to $5.2B | $4.26 | $4.17 to $4.45 | 6 |
| Q1 FY28 | $5.2B | $5.1B to $5.4B | $4.63 | $4.53 to $4.84 | 14 |
| Q2 FY28 | $5.9B | $5.8B to $6.1B | $6.17 | $6.04 to $6.45 | 14 |
Peers
Companies in Travel Services nearest Royal Caribbean Cruises' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| RCLRoyal Caribbean Cruises | $73.9B | 17.1× | 17.0× | 14.6× | 4.0× | +9% | 23.5% |
| ABNBAirbnb | $103B | 39.1× | 34.8× | 30.1× | 7.8× | +14% | 20.4% |
| BKNGBooking | $117.1B | 17.2× | 32.2× | 14.0× | 4.1× | +13% | 25.5% |
| CCLCarnival | $35.1B | 11.5× | 15.0× | 10.9× | 1.3× | +5% | 11.4% |
| EXPEExpedia | $34.7B | 18.0× | 31.7× | 12.8× | 2.2× | +12% | 13.0% |
| ROLRollins | $16.8B | 31.7× | 53.8× | n/m | 4.3× | +10% | 13.6% |
| Peer median | $35.1B | 18.0× | 32.2× | 13.4× | 4.1× | +12% | 13.6% |
More on Royal Caribbean Cruises
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #10of 329Consumer cyclical stocks with the highest profit margins
- #4of 22Travel stocks with the highest profit margins
- #7of 27Consumer cyclical stocks with the lowest PEG ratio
- #9of 20Travel stocks with the lowest PE ratio
- #10of 18Travel stocks with the fastest earnings growth
- #9of 12Travel stocks cheapest against their own PE history
Its groups
About
- Industry
- Travel Services
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .