Overview Dividends

(RCL) Royal Caribbean Cruises - Ratings and Ratios

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

Cruises, Ships, Itineraries, Brands

Hotels, Resorts & Cruise Lines
Market Cap in USD: 77,249m
IPO / Inception: 1993-04-28
Return 12m vs S&P 500: 14.7%

EPS (Earnings per Share)

EPS (Earnings per Share) of RCL over the last years for every Quarter: "2020-12": -5.02, "2021-03": -4.44, "2021-06": -5.06, "2021-09": -4.91, "2021-12": -4.78, "2022-03": -4.57, "2022-06": -2.08, "2022-09": 0.26, "2022-12": -1.12, "2023-03": -0.23, "2023-06": 1.82, "2023-09": 3.85, "2023-12": 1.25, "2024-03": 1.77, "2024-06": 3.21, "2024-09": 5.2, "2024-12": 1.63, "2025-03": 2.71, "2025-06": 4.38, "2025-09": 5.75, "2025-12": 0,
EPS CAGR: 134.50%
EPS Trend: 70.6%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of RCL over the last years for every Quarter: 2020-12: 34.138, 2021-03: 42.014, 2021-06: 50.914, 2021-09: 456.958, 2021-12: 982.247, 2022-03: 1059.231, 2022-06: 2184.242, 2022-09: 2993.075, 2022-12: 2603.992, 2023-03: 2886, 2023-06: 3523, 2023-09: 4160, 2023-12: 3331.419, 2024-03: 3728, 2024-06: 4110, 2024-09: 4886, 2024-12: 3761, 2025-03: 3999, 2025-06: 4538, 2025-09: 5139, 2025-12: null,
Rev. CAGR: 55.47%
Rev. Trend: 83.0%
Last SUE: -0.60
Qual. Beats: 0

Dividends

Dividend Yield 1.16%
Yield on Cost 5y 4.94%
Yield CAGR 5y 268.42%
Payout Consistency 74.7%
Payout Ratio 24.2%
Risk via 5d forecast
Volatility 38.0%
Value at Risk 5%th 57.1%
Relative Tail Risk -8.65%
Reward TTM
Sharpe Ratio 0.78
Alpha 8.50
CAGR/Max DD 2.12
Character TTM
Hurst Exponent 0.592
Beta 1.544
Beta Downside 1.453
Drawdowns 3y
Max DD 35.02%
Mean DD 8.48%
Median DD 5.43%

Description: RCL Royal Caribbean Cruises December 02, 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 broad spectrum of itineraries worldwide. As of 12 Feb 2025 the fleet comprised 67 vessels, a mix of large-scale ships and boutique luxury vessels, supporting its position in the Hotels, Resorts & Cruise Lines sub-industry.

Key metrics to watch include: (1) FY 2024 revenue of roughly $9.3 bn and an adjusted EBITDA margin near 18%, reflecting strong pricing power; (2) average occupancy (RevPAR) consistently above 95% in the North-American market, indicating resilient demand; and (3) a debt-to-EBITDA ratio of ~2.5×, which, while elevated, remains manageable given the company’s cash-flow generation. Primary economic drivers are discretionary consumer spending, fuel price volatility, and the pace of global GDP growth, all of which directly affect ticket pricing and capacity utilization.

For a deeper quantitative dive-including forward-looking cash-flow models and scenario analysis-consult the ValueRay platform, which aggregates the latest analyst estimates and macro inputs.

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
(C) 0.13 = EBIT TTM 5.08b / Avg Total Assets 38.59b
(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) 77.22

1. Piotroski 6.50pt
2. FCF Yield 2.08%
3. FCF Margin 11.67%
4. Debt/Equity 2.08
5. Debt/Ebitda 3.04
6. ROIC - WACC (= 8.55)%
7. RoE 46.81%
8. Rev. Trend 82.98%
9. EPS Trend 70.64%

What is the price of RCL shares?

As of January 08, 2026, the stock is trading at USD 302.42 with a total of 2,342,858 shares traded.
Over the past week, the price has changed by +8.43%, over one month by +20.22%, over three months by -3.59% and over the past year by +35.94%.

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 328.5 8.6%
Analysts Target Price 328.5 8.6%
ValueRay Target Price 471 55.7%

RCL Fundamental Data Overview January 03, 2026

Market Cap USD = 77.25b (77.25b USD * 1.0 USD.USD)
P/E Trailing = 19.0491
P/E Forward = 15.4799
P/S = 4.4302
P/B = 7.5372
P/EG = 0.8903
Beta = 1.914
Revenue TTM = 17.44b USD
EBIT TTM = 5.08b USD
EBITDA TTM = 6.75b USD
Long Term Debt = 17.20b USD (from longTermDebt, last quarter)
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 = 97.79b USD (77.25b + Debt 20.98b - CCE 432.0m)
Interest Coverage Ratio = 5.12 (Ebit TTM 5.08b / Interest Expense TTM 991.0m)
FCF Yield = 2.08% (FCF TTM 2.04b / Enterprise Value 97.79b)
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 = 2.44 (Enterprise Value 97.79b / 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 = 19.61% (EBIT 5.08b / Capital Employed (Equity 8.70b + L.T.Debt 17.20b))
RoIC = 18.00% (NOPAT 5.11b / Invested Capital 28.39b)
WACC = 9.46% (E(77.25b)/V(98.22b) * Re(11.70%) + D(20.98b)/V(98.22b) * Rd(1.18%) * (1-Tc(-0.01)))
Discount Rate = 11.70% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.08%
[DCF Debug] Terminal Value 55.95% ; FCFE base≈2.04b ; Y1≈1.34b ; Y5≈611.0m
Fair Price DCF = 27.26 (DCF Value 7.44b / Shares Outstanding 272.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 70.64 | EPS CAGR: 134.5% | SUE: -4.0 | # QB: 0
Revenue Correlation: 82.98 | Revenue CAGR: 55.47% | SUE: -0.60 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.07 | Chg30d=-0.063 | Revisions Net=-3 | Analysts=12
EPS next Year (2026-12-31): EPS=17.75 | Chg30d=-0.048 | Revisions Net=-8 | Growth EPS=+13.5% | Growth Revenue=+9.4%

Additional Sources for RCL Stock

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