Royal Caribbean Cruises Ltd. (RCL)
Consumer Cyclical · Travel Services · NYSE
Royal Caribbean Cruises Ltd. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.50B | $8.78B | $9.49B | $10.95B | $2.21B | $1.53B | $8.84B | $13.90B | $16.48B | $17.93B |
| Gross profit | $3.48B | $3.88B | $4.23B | $4.89B | $-556.30M | $-1.21B | $2.22B | $6.13B | $7.83B | $8.85B |
| Net income | $1.28B | $1.63B | $1.81B | $1.88B | $-5.80B | $-5.26B | $-2.16B | $1.70B | $2.88B | $4.27B |
| Net margin | 15.1% | 18.5% | 19.1% | 17.2% | -262.5% | -343.3% | -24.4% | 12.2% | 17.5% | 23.8% |
Source: Royal Caribbean Cruises Ltd. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into RCL stock?
At today's market cap of $75.70B, Royal Caribbean Cruises Ltd. is priced for free-cash-flow growth of about 23% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.24B from the FY ending 2025-12-31). For comparison, revenue 52%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Royal Caribbean Cruises Ltd. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track RCL in your portfolio →
Royal Caribbean Cruises Ltd. financial history by metric
About Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
Royal Caribbean Cruises Ltd. — frequently asked questions
What is Royal Caribbean Cruises Ltd.'s revenue?
Royal Caribbean Cruises Ltd. (RCL) reported revenue of $17.93B for fiscal year 2025, up 8.8% from the prior year, according to its SEC filings.
Is Royal Caribbean Cruises Ltd. profitable?
Yes. RCL earned net income of $4.27B in fiscal 2025, a net margin of 23.8%.
What is RCL's P/E ratio?
Royal Caribbean Cruises Ltd. trades at a price-to-earnings ratio of about 17.2 based on the latest data in our nightly-refreshed cache.
How fast is Royal Caribbean Cruises Ltd. growing?
RCL's revenue grew at roughly 52.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Royal Caribbean Cruises Ltd. have?
As of fiscal year 2025, RCL carried roughly $3.18B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Royal Caribbean Cruises Ltd.'s gross margin?
RCL's gross margin was 49.4% in fiscal 2025 — gross profit of $8.85B on revenue of $17.93B.
What is Royal Caribbean Cruises Ltd.'s market cap?
Royal Caribbean Cruises Ltd. (RCL) has a market capitalization of about $75.70B, based on the latest data in our nightly-refreshed cache.
When does Royal Caribbean Cruises Ltd.'s fiscal year end?
RCL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into RCL stock?
At today's market cap of $75.70B, Royal Caribbean Cruises Ltd. is priced for free-cash-flow growth of about 23% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.24B from the FY ending 2025-12-31). For comparison, revenue 52%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Royal Caribbean Cruises Ltd.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.