(RCL) Royal Caribbean Cruises - Overview

Sector: Consumer Cyclical | Industry: Travel Services | Exchange: NYSE (USA) | Market Cap: 71.279m USD | Total Return: 47.2% in 12m

Stock Cruises, Voyages, Expeditions, Ships, Itineraries
Total Rating 56
Safety 60
Buy Signal -0.25
Travel Services +2.1
Hotels, Resorts & Cruise Lines -3.7
Market Cap: 71,279m
Avg Trading Vol: 611M USD
ATR: 4.99%
Peers RS (IBD): 50.0
Risk 5d forecast
Volatility52.2%
Rel. Tail Risk-9.97%
Reward TTM
Sharpe Ratio0.78
Alpha11.93
Character TTM
Beta1.298
Beta Downside1.578
Drawdowns 3y
Max DD35.02%
CAGR/Max DD1.85
EPS (Earnings per Share) EPS (Earnings per Share) of RCL over the last years for every Quarter: "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": 2.8,
EPS CAGR: 151.51%
EPS Trend: 83.4%
Last SUE: 0.07
Qual. Beats: 0
Revenue Revenue of RCL over the last years for every Quarter: 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: 4259,
Rev. CAGR: 44.93%
Rev. Trend: 78.6%
Last SUE: -0.45
Qual. Beats: 0
Description: RCL Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. (NYSE:RCL) is a global cruise operator that runs the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, managing a fleet of 69 vessels as of December 31 2025.

Recent performance highlights include FY 2024 revenue of $7.3 billion, an adjusted EBITDA of $1.5 billion, and an average occupancy rate of 95% across its fleet, while the company’s cash balance stood at $5.2 billion with net debt of $9.5 billion.

Key drivers for the cruise sector remain strong discretionary-spending trends-U.S. consumer confidence rose to 115 in Q4 2025-and moderated fuel costs, as Brent crude averaged $78 per barrel, supporting operating margins.

For a deeper dive into RCL’s valuation metrics, you might explore the analysis on ValueRay.

Headlines to Watch Out For
  • Booking volumes surge as travel demand recovers
  • Fuel price volatility impacts operating expenses
  • Geopolitical events disrupt cruise itineraries
  • New ship launches boost capacity and revenue
  • Health and safety regulations influence passenger confidence
Piotroski VR‑10 (Strict) 6.0
Net Income: 4.27b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.42 > 1.0
NWC/Revenue: -54.89% < 20% (prev -49.21%; Δ -5.68% < -1%)
CFO/TA 0.16 > 3% & CFO 6.46b > Net Income 4.27b
Net Debt (21.81b) to EBITDA (6.91b): 3.16 < 3
Current Ratio: 0.18 > 1.5 & < 3
Outstanding Shares: last quarter (273.0m) vs 12m ago -1.44% < -2%
Gross Margin: 46.84% > 18% (prev 0.48%; Δ 4.64k% > 0.5%)
Asset Turnover: 45.58% > 50% (prev 44.47%; Δ 1.11% > 0%)
Interest Coverage Ratio: 5.34 > 6 (EBITDA TTM 6.91b / Interest Expense TTM 992.0m)
Altman Z'' 0.00
A: -0.24 (Total Current Assets 2.21b - Total Current Liabilities 12.05b) / Total Assets 41.62b
B: 0.14 (Retained Earnings 5.92b / Total Assets 41.62b)
C: 0.13 (EBIT TTM 5.30b / Avg Total Assets 39.34b)
D: 0.17 (Book Value of Equity 5.32b / Total Liabilities 31.37b)
Altman-Z'' Score: -0.00 = B
Beneish M -3.20
DSRI: 0.79 (Receivables 317.0m/371.0m, Revenue 17.93b/16.48b)
GMI: 1.01 (GM 46.84% / 47.52%)
AQI: 0.96 (AQ_t 0.07 / AQ_t-1 0.08)
SGI: 1.09 (Revenue 17.93b / 16.48b)
TATA: -0.05 (NI 4.27b - CFO 6.46b) / TA 41.62b)
Beneish M-Score: -3.20 (Cap -4..+1) = AA
What is the price of RCL shares? As of April 05, 2026, the stock is trading at USD 275.18 with a total of 1,990,758 shares traded.
Over the past week, the price has changed by +4.50%, over one month by -8.72%, over three months by -1.82% and over the past year by +47.16%.
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.
  • StrongBuy: 15
  • Buy: 6
  • Hold: 6
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the RCL price?
Wallstreet Target Price 361.8 31.5%
Analysts Target Price 361.8 31.5%
RCL Fundamental Data Overview as of 01 April 2026
P/E Trailing = 16.776
P/E Forward = 14.4092
P/S = 3.9743
P/B = 7.1062
P/EG = 1.09
Revenue TTM = 17.93b USD
EBIT TTM = 5.30b USD
EBITDA TTM = 6.91b USD
Long Term Debt = 18.16b USD (from longTermDebt, last quarter)
Short Term Debt = 3.27b USD (from shortTermDebt, last quarter)
Debt = 22.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.81b USD (from netDebt column, last quarter)
Enterprise Value = 93.09b USD (71.28b + Debt 22.64b - CCE 825.0m)
Interest Coverage Ratio = 5.34 (Ebit TTM 5.30b / Interest Expense TTM 992.0m)
EV/FCF = 75.31x (Enterprise Value 93.09b / FCF TTM 1.24b)
FCF Yield = 1.33% (FCF TTM 1.24b / Enterprise Value 93.09b)
FCF Margin = 6.89% (FCF TTM 1.24b / Revenue TTM 17.93b)
Net Margin = 23.82% (Net Income TTM 4.27b / Revenue TTM 17.93b)
Gross Margin = 46.84% ((Revenue TTM 17.93b - Cost of Revenue TTM 9.54b) / Revenue TTM)
Gross Margin QoQ = 36.72% (prev 51.76%)
Tobins Q-Ratio = 2.24 (Enterprise Value 93.09b / Total Assets 41.62b)
Interest Expense / Debt = 1.18% (Interest Expense 267.0m / Debt 22.64b)
Taxrate = 1.93% (15.0m / 777.0m)
NOPAT = 5.19b (EBIT 5.30b * (1 - 1.93%))
Current Ratio = 0.18 (Total Current Assets 2.21b / Total Current Liabilities 12.05b)
Debt / Equity = 2.26 (Debt 22.64b / totalStockholderEquity, last quarter 10.04b)
Debt / EBITDA = 3.16 (Net Debt 21.81b / EBITDA 6.91b)
Debt / FCF = 17.65 (Net Debt 21.81b / FCF TTM 1.24b)
Total Stockholder Equity = 9.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.86% (Net Income 4.27b / Total Assets 41.62b)
RoE = 45.87% (Net Income TTM 4.27b / Total Stockholder Equity 9.31b)
RoCE = 19.27% (EBIT 5.30b / Capital Employed (Equity 9.31b + L.T.Debt 18.16b))
RoIC = 17.71% (NOPAT 5.19b / Invested Capital 29.32b)
WACC = 8.29% (E(71.28b)/V(93.91b) * Re(10.55%) + D(22.64b)/V(93.91b) * Rd(1.18%) * (1-Tc(0.02)))
Discount Rate = 10.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.26%
[DCF] Terminal Value 69.38% ; FCFF base≈1.54b ; Y1≈1.01b ; Y5≈462.5m
 [DCF] Fair Price = N/A (negative equity: EV 8.72b - Net Debt 21.81b = -13.09b; debt exceeds intrinsic value)
 EPS Correlation: 83.42 | EPS CAGR: 151.5% | SUE: 0.07 | # QB: 0
Revenue Correlation: 78.62 | Revenue CAGR: 44.93% | SUE: -0.45 | # QB: 0
EPS next Quarter (2026-06-30): EPS=4.41 | Chg7d=-0.022 | Chg30d=-0.056 | Revisions Net=-5 | Analysts=20
EPS current Year (2026-12-31): EPS=18.02 | Chg7d=-0.083 | Chg30d=-0.094 | Revisions Net=-3 | Growth EPS=+15.2% | Growth Revenue=+10.2%
EPS next Year (2027-12-31): EPS=20.64 | Chg7d=-0.079 | Chg30d=-0.087 | Revisions Net=-1 | Growth EPS=+14.5% | Growth Revenue=+7.3%
[Analyst] Revisions Ratio: -1.00 (0 Up / 5 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.6% (Discount Rate 10.6% - Earnings Yield 6.0%)
[Growth] Growth Spread = +2.9% (Analyst 7.5% - Implied 4.6%)
External Resources
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