Royal Caribbean Group

RCL • NYSE • Stock Fundamentals

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.

Market Cap$68.7B

Revenue TTM$18.4B

Net Income TTM$4.5B

P/E Ratio15.33

Net Margin24.36%

EPS TTM$16.39

Free Cash Flow TTM$1.4B

Employees98.2K

CEOJason T. Liberty

CountryUnited States of America

Consumer Cyclical

Travel Services

SegmentsTravel Services, Cruise Lines, Hospitality

Business ModelsAsset-heavy service provider, Direct-to-consumer, B2B2C distribution, Joint venture

Most Recent EarningsApr 30, 2026 · 26 days agoQ1 2026

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Next EarningsAug 4, 2026 · in 2 monthsBefore Market Open · Q2 2026

Income Statement Balance Sheet Cash Flow Segments

Financials

Based on Q1 2026 filing

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Gross Margin49.69%

Op. Margin27.88%

ROE50.41%

D/E6.91%

Current Ratio0.199

Total Debt$678.0M

Cash$512.0M

CapEx TTM$5.3B

Business Segments

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Global Brands

primary

The company's primary business unit consisting of wholly-owned cruise lines that provide vacation experiences ranging from contemporary family markets to ultra-luxury and expedition travel. These brands share a common operational infrastructure and global sourcing model to maximize efficiency.

Products

Royal Caribbean, Celebrity Cruises, Silversea, Celebrity River Cruises, Perfect Day at CocoCay, Royal Beach Club Paradise Island, Perfect Day Mexico

Customers

Families, Couples, Luxury travelers, Expedition travelers, Repeat cruisers

Partner Brands

moderate

A strategic joint venture focused on the German-speaking cruise market, offering premium and luxury cruise products tailored to specific cultural preferences. This segment expands the company's global footprint through equity-method investments.

Products

TUI Cruises, Hapag-Lloyd Cruises, Mein Schiff

Customers

German-speaking travelers, Premium market consumers, Luxury and expedition travelers

Business Overview

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.

Geographies

North America, Europe, Asia-Pacific, Global

Customer Segments

Mass market, Premium, Ultra-luxury, Family

Upstream Dependencies

Shipyards, Fuel suppliers, Food and beverage wholesalers, Port authorities, Technology providers

Downstream Customers

Individual travelers, Travel advisors, Corporate charter clients, Group tour operators

Competitors & Partners

Competitors

Carnival Corporation

CCL

Primary global cruise competitor

Walt Disney

DIS

Competitor in the family and premium segments

Airbnb

ABNB

Alternative lodging competitor

Viking Holdings

VIK

Competitor in premium and river cruise segments

Norwegian Cruise Line Holdings Ltd.

NCLH

Major cruise industry competitor

Similar Companies

Expedia Group, Inc.

EXPE

Partners

TUI AG

50% joint venture partner in TUI Cruises GmbH

SpaceX

Provider of Starlink satellite internet connectivity across the fleet

iCON Infrastructure Partners VI, L.P.

Partner for developing and managing cruise terminal facilities

World Wildlife Fund

Environmental and conservation partner

Meyer Turku Oy

Shipbuilding partner for Icon-class vessels

Chantiers de l'Atlantique

Shipbuilding partner for Oasis and Discovery-class vessels

Subsidiaries

Celebrity Cruises Inc.

Wholly-owned premium cruise brand

Silversea Cruises LLC

Wholly-owned ultra-luxury and expedition brand