Overview Dividends

(RCL) Royal Caribbean Cruises - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: LR0008862868

Cruises, Itineraries, Ships, Brands, Destinations

RCL EPS (Earnings per Share)

EPS Growth (3Y CAGR): 249.94%
EPS Trend (3Y Correlation): 75.9%

RCL Revenue

Revenue Growth (3Y CAGR): 28.04%
Revenue Trend (3Y Correlation): 82.7%

Description: RCL Royal Caribbean Cruises September 25, 2025

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a U.S.-based cruise operator that runs three brands-Royal Caribbean International, Celebrity Cruises, and Silversea Cruises-offering a diversified portfolio of itineraries worldwide. As of 12 February 2025 the fleet comprised 67 vessels, reflecting a steady expansion since the company’s 1968 founding and its Miami, Florida headquarters.

Key operational metrics that analysts watch include: (1) FY 2024 adjusted EBITDA of roughly $2.8 billion, delivering an EBITDA margin near 15%, which underscores the company’s ability to generate cash flow despite volatile fuel prices; (2) a cash-on-hand balance of about $7.5 billion at year-end, providing a buffer for debt repayment and future shipbuilding programs; and (3) an average occupancy rate of 92 % in Q2 2025, supported by strong discretionary-spending trends in the United States and Europe, though the outlook remains sensitive to consumer-confidence fluctuations and potential labor-cost pressures in key ports.

For a deeper dive into how these drivers translate into valuation levers, consider exploring the RCL profile on ValueRay to see the latest forward-looking financial models and scenario analyses.

RCL Stock Overview

Market Cap in USD	78,222m
Sub-Industry	Hotels, Resorts & Cruise Lines
IPO / Inception	1993-04-28

RCL Stock Ratings

Growth Rating	80.8%
Fundamental	76.0%
Dividend Rating	51.6%
Return 12m vs S&P 500	-1.39%
Analyst Rating	4.33 of 5

RCL Dividends

Dividend Yield 12m	1.20%
Yield on Cost 5y	4.10%
Annual Growth 5y	5.05%
Payout Consistency	74.4%
Payout Ratio	21.1%

RCL Growth Ratios

Growth Correlation 3m	-64.4%
Growth Correlation 12m	69.7%
Growth Correlation 5y	77.1%
CAGR 5y	65.31%
CAGR/Max DD 3y (Calmar Ratio)	1.86
CAGR/Mean DD 3y (Pain Ratio)	8.68
Sharpe Ratio 12m	1.01
Alpha	-9.73
Beta	2.088
Volatility	61.08%
Current Volume	1658.3k
Average Volume 20d	1691.6k
Stop Loss	242.5 (-4.4%)
Signal	-0.91

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (4.07b TTM) > 0 and > 6% of Revenue (6% = 1.05b TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 6.07pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -54.95% (prev -48.58%; Δ -6.37pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.16 (>3.0%) and CFO 6.31b > Net Income 4.07b (YES >=105%, WARN >=100%)

Net Debt (20.54b) to EBITDA (6.75b) ratio: 3.04 <= 3.0 (WARN <= 3.5)

Current Ratio 0.16 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (274.0m) change vs 12m ago 3.79% (target <= -2.0% for YES)

Gross Margin 49.00% (prev 47.12%; Δ 1.88pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 45.19% (prev 43.31%; Δ 1.87pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.12 (EBITDA TTM 6.75b / Interest Expense TTM 991.0m) >= 6 (WARN >= 3)

Altman Z'' -0.07

(A) -0.24 = (Total Current Assets 1.89b - Total Current Liabilities 11.47b) / Total Assets 40.11b

(B) 0.14 = Retained Earnings (Balance) 5.44b / Total Assets 40.11b

(D) 0.16 = Book Value of Equity 4.92b / Total Liabilities 29.82b

Total Rating: -0.07 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 75.98

1. Piotroski 6.50pt = 1.50

2. FCF Yield 2.06% = 1.03

3. FCF Margin 11.67% = 2.92

4. Debt/Equity 2.08 = 0.65

5. Debt/Ebitda 3.04 = -1.83

6. ROIC - WACC (= 7.37)% = 9.21

7. RoE 46.81% = 2.50

8. Rev. Trend 82.66% = 6.20

9. EPS Trend 75.91% = 3.80

What is the price of RCL shares?

As of November 07, 2025, the stock is trading at USD 253.57 with a total of 1,658,295 shares traded.
Over the past week, the price has changed by -10.88%, over one month by -20.09%, over three months by -19.00% and over the past year by +13.20%.

Is Royal Caribbean Cruises a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Royal Caribbean Cruises (NYSE:RCL) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 75.98 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of RCL is around 299.52 USD . This means that RCL is currently undervalued and has a potential upside of +18.12% (Margin of Safety).

Is RCL a buy, sell or hold?

Royal Caribbean Cruises has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy RCL.

Strong Buy: 15
Buy: 6
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the RCL price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	341.4	34.6%
Analysts Target Price	341.4	34.6%
ValueRay Target Price	341.6	34.7%

RCL Fundamental Data Overview November 01, 2025

Market Cap USD = 78.22b (78.22b USD * 1.0 USD.USD)
P/E Trailing = 19.3022
P/E Forward = 17.5131
P/S = 4.486
P/B = 9.4831
P/EG = 0.9802
Beta = 2.088
Revenue TTM = 17.44b USD
EBIT TTM = 5.08b USD
EBITDA TTM = 6.75b USD
Long Term Debt = 18.47b USD (from longTermDebt, last fiscal year)
Short Term Debt = 3.16b USD (from shortTermDebt, last quarter)
Debt = 20.98b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 20.54b USD (from netDebt column, last quarter)
Enterprise Value = 98.56b USD (78.22b + Debt 20.98b - CCE 641.0m)
Interest Coverage Ratio = 5.12 (Ebit TTM 5.08b / Interest Expense TTM 991.0m)
FCF Yield = 2.06% (FCF TTM 2.04b / Enterprise Value 98.56b)
FCF Margin = 11.67% (FCF TTM 2.04b / Revenue TTM 17.44b)
Net Margin = 23.35% (Net Income TTM 4.07b / Revenue TTM 17.44b)
Gross Margin = 49.00% ((Revenue TTM 17.44b - Cost of Revenue TTM 8.89b) / Revenue TTM)
Gross Margin QoQ = 51.76% (prev 49.69%)
Tobins Q-Ratio = 2.46 (Enterprise Value 98.56b / Total Assets 40.11b)
Interest Expense / Debt = 1.18% (Interest Expense 248.0m / Debt 20.98b)
Taxrate = -0.62% (negative due to tax credits) (-18.0m / 2.90b)
NOPAT = 5.11b (EBIT 5.08b * (1 - -0.62%)) [negative tax rate / tax credits]
Current Ratio = 0.16 (Total Current Assets 1.89b / Total Current Liabilities 11.47b)
Debt / Equity = 2.08 (Debt 20.98b / totalStockholderEquity, last quarter 10.09b)
Debt / EBITDA = 3.04 (Net Debt 20.54b / EBITDA 6.75b)
Debt / FCF = 10.09 (Net Debt 20.54b / FCF TTM 2.04b)
Total Stockholder Equity = 8.70b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.15% (Net Income 4.07b / Total Assets 40.11b)
RoE = 46.81% (Net Income TTM 4.07b / Total Stockholder Equity 8.70b)
RoCE = 18.69% (EBIT 5.08b / Capital Employed (Equity 8.70b + L.T.Debt 18.47b))
RoIC = 18.43% (NOPAT 5.11b / Invested Capital 27.72b)
WACC = 11.06% (E(78.22b)/V(99.20b) * Re(13.71%) + D(20.98b)/V(99.20b) * Rd(1.18%) * (1-Tc(-0.01)))
Discount Rate = 13.71% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.08%
[DCF Debug] Terminal Value 49.60% ; FCFE base≈2.04b ; Y1≈1.34b ; Y5≈611.0m
Fair Price DCF = 22.85 (DCF Value 6.23b / Shares Outstanding 272.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 75.91 | EPS CAGR: 249.9% | SUE: 0.71 | # QB: 0
Revenue Correlation: 82.66 | Revenue CAGR: 28.04% | SUE: -0.60 | # QB: 0

Additional Sources for RCL Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle