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Royal Caribbean Cruises Ltd
Royal Caribbean Cruises Ltd (RCL) is listed on NYSE and classified in Travel Services, part of the Consumer Cyclical sector. It is headquartered in Miami, United States and has 107,950 employees. The company is worth $76.53B and trades at 17.7x its earnings of the last twelve months; the median for its sector is 17.7x. Revenue was $17.94B in fiscal 2025, up 8.8% from the year before. Net income was $4.27B. The share price is 19.7% below its 52-week high of $356.39. It pays a dividend yielding 2.10%. None of the 38 superinvestors we track reported it in their latest 13F. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
None of the investors we track reported a position in RCL.
▲ +297.7% over 5Y.
today you would have $3,402.04▲ +240.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $278.92 | $230.69 | $129.49 | $49.43 | $76.90 | $74.69 | $133.51 | $97.79 | $119.28 | $82.04 | $101.21 | $82.43 | $47.42 | $34.00 | $24.77 | $47.00 | $25.28 | $13.75 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 2.1% dividend yield. Growth capped at 25%.
Median P/E of 17.7 among peers in the sector.
Median P/E of 18.8 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 10.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 8.0% a year against a 13.0% required return, from the stock’s beta.
Companies of similar size in Consumer Cyclical, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ROSTRoss Stores Inc | $236.67 | 28.3x | 11.2x | 0.75% | 42.63% | $75.92B |
| ORLYO Reilly Automotive Inc | $92.00 | 28.3x | — | 0.00% | — | $74.42B |
| DASHDoorDash, Inc. | $185.94 | 96.8x | 8.1x | 0.00% | 8.89% | $80.57B |
| HLTHilton Worldwide Holdings Inc. | $358.07 |
| P/E | 18.8x | 17.9x | 21.1x | 20.5x | — | — | — | 14.9x | 11.4x | 15.8x | 13.8x | 33.5x | 24.0x | 22.2x | 425.0x | 8.9x | 19.8x | 35.6x | 5.1x |
| P/S | 2.3x | 4.2x | 3.8x | 2.4x | 1.4x | 12.8x | 8.0x | 2.5x | 2.2x | 2.9x | 2.1x | 2.7x | 2.2x | 1.3x | 1.0x | — | 1.5x | 0.9x | — |
| P/B | 2.2x | 7.5x | 8.2x | 7.0x | 4.4x | 3.9x | 2.0x | 2.3x | 1.8x | 2.4x | 1.9x | 2.7x | 2.2x | 1.2x | 0.9x | — | 1.3x | 0.7x | — |
| EPS | $15.61 | $10.94 | $6.31 | -$8.45 | -$20.89 | -$27.05 | $8.95 | $8.56 | $7.53 | $5.93 | $3.02 | $3.43 | $2.14 | $0.08 | $2.77 | $2.37 | $0.71 | $2.68 |
| Dividend yield | 1.33% | 1.25% | 0.41% | — | — | — | 1.04% | 2.22% | 2.66% | 1.81% | 2.08% | 1.33% | 1.33% | 1.56% | 1.29% | 0.81% | — | — | 3.27% |
| Payout | 29.61% | 22.42% | 8.68% | — | — | — | — | 33.07% | 30.37% | 28.69% | 28.84% | 44.70% | 32.07% | 34.58% | 550.00% | 7.22% | — | — | 16.79% |
| Profit margin | 8.42% | 23.80% | 17.45% | 12.21% | -24.39% | -343.34% | -262.47% | 17.16% | 19.08% | 18.51% | 15.11% | 8.02% | 9.46% | 5.95% | 0.24% | 8.06% | 7.64% | 2.59% | 8.78% |
| ROE | 8.35% | 42.52% | 38.04% | 35.92% | -75.15% | -103.43% | -66.18% | 15.45% | 16.31% | 15.18% | 14.07% | 8.26% | 9.22% | 5.38% | 0.22% | 7.22% | 6.53% | 2.04% | 8.43% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
-45.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 52.5x |
| — |
| 0.17% |
| — |
| $80.59B |
| RACEFerrari N.V. | $397.66 | 36.9x | 17.0x | 1.06% | 45.44% | $69.75B |
| GMGeneral Motors Co | $77.21 | 16.6x | 1.1x | 0.93% | 6.28% | $67.75B |