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Royal Caribbean Group

RCL

Royal Caribbean Group is a leading global vacation company that owns and operates a diverse fleet of cruise ships across multiple market segments.

Market cap
$75.35B-17.0%
Revenue$18.4B+9.8%
Net income$4.5B+38.0%
Free cash flow$3.6B+21.0%
EPS (diluted)$16.41+36.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$4.8B
EPS estimate$3.92

Financials

Q1 2026

Income statement

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Revenue$4.5B+11.3%
Gross profit$2.2B+14.8%
Operating income$1.2B+23.0%
Net income$941.0M+28.9%
EPS (diluted)$3.48+28.9%

Balance sheet

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Cash & equivalents$512.0M+32.6%
Total debt$678.0M-19.9%
Total equity$9.8B+23.2%
Total assets$42.0B+12.1%

Cash flow

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Operating cash flow$1.8B+12.7%
CapEx$500.0M+16.8%
Free cash flow$1.3B+11.3%

Valuation & ratios

Valuation

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Market cap$75.35B-17.0%
Enterprise value$75.52B-17.0%
P/E16.8×-8.4×
P/S4.1×-1.2×

Profitability

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Gross margin49.7%+1.5pp
Operating margin27.9%+2.2pp
Net margin24.4%+5.0pp

Returns & leverage

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Return on equity50.4%+0.9pp
Debt / equity0.1×0.0×
Current ratio0.2×0.0×

Segments

By product

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Passenger$3.0B+10.1%

Competitors

Profile

Royal Caribbean Group is a leading global vacation company that owns and operates a diverse fleet of cruise ships across multiple market segments. The company provides worldwide cruise vacations and land-based destination experiences, leveraging a portfolio of global brands and private destinations to offer innovative travel services. Its core value proposition centers on delivering high-quality, technology-enhanced vacation experiences through state-of-the-art vessels and exclusive port facilities.

Competitive position

The company is a dominant leader in the global cruise industry, operating the world's largest cruise brand and maintaining a significant pipeline of innovative, next-generation vessels.

GeographiesNorth America, Europe, Asia-Pacific, Global
Customer segmentsMass market, Premium, Ultra-luxury, Family
Business modelAsset-heavy service provider, Direct-to-consumer, B2B2C distribution, Joint venture
SuppliersShipyards, Fuel suppliers, Food and beverage wholesalers, Port authorities, Technology providers
CustomersIndividual travelers, Travel advisors, Corporate charter clients, Group tour operators
Listed1993
Employees98.2K
CEOJason T. Liberty
FilingsSEC EDGAR

Questions, answered.

What is Royal Caribbean Group's market cap?
Royal Caribbean Group (RCL) has a market capitalization of $75.3B and trades on NYSE.
What is Royal Caribbean Group's revenue and profitability?
Royal Caribbean Group generated $18.4B in trailing twelve-month revenue with net income of $4.5B, representing a net margin of 24.4%. Gross margin stands at 49.7%, with free cash flow of $3.6B. These figures are based on the Q1 2026 filing.
Who are Royal Caribbean Group's competitors?
Royal Caribbean Group's key competitors include Norwegian Cruise Line Holdings Ltd, Carnival Corporation & plc, Disney Cruise Line, and others. These companies compete in similar markets and product categories.
Who does Royal Caribbean Group partner with?
Royal Caribbean Group's notable partners include TUI AG, SpaceX, iCON Infrastructure Partners VI, L.P., and others.
What subsidiaries does Royal Caribbean Group have?
Royal Caribbean Group's subsidiaries include Celebrity Cruises Inc., Silversea Cruises LLC.
Where is Royal Caribbean Group headquartered?
Royal Caribbean Group is headquartered in United States of America and employs approximately 98,200 people. It has been publicly traded since 1993.