Royal Caribbean RCL
$327.16 +$4.43 (+1.37%)
Market closed · Nov 7, 9:40 pm ET · Last extended-hours $327.15 0.00%
Open$322.98
Prev close$322.73
Day range$320.57 – $329.41
Volume1.53M
Market cap$87.51B
P/E (TTM)19.4
Dividend yield1.68%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$5.59B+8.8% YoY
Operating profit$1.87B+9.9% YoY
Net profit$1.74B+9.9% YoY
Diluted EPS$6.45+12.4% YoY
Free cash flow$937.00M+194.7% YoY
Operating cash flow$1.58B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin49.1%
Operating margin27.6%
Net margin23.8%
Return on equity41.8%
Return on assets10.7%
Return on invested capital16.9%
Current ratio0.22
Liabilities / assets73.4%
Cash & investments$851.00M
Total debt$23.10B
Net cash (debt)-$22.25B
Free cash flow / sales7.9%
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $5.59B | $4.83B | $4.45B | $17.94B | $4.26B |
| Total Operating Revenue | $5.59B | $4.83B | $4.45B | $17.93B | $4.26B |
| Cost of Revenue | $2.71B | $2.55B | $2.25B | $9.08B | $2.24B |
| Gross Profit | $2.88B | $2.29B | $2.21B | $8.85B | $2.02B |
| Operating Expense | $1.01B | $977.00M | $1.04B | $3.94B | $1.08B |
| Selling and Admin Expenses | $519.00M | $513.00M | $582.00M | $2.22B | $630.00M |
| Depreciation & Amortization & Depletion | $490.00M | $464.00M | $461.00M | $1.72B | $453.00M |
| -Depreciation & Amortization | $490.00M | $464.00M | $461.00M | $1.72B | $453.00M |
| Operating Profit | $1.87B | $1.31B | $1.16B | $4.91B | $934.00M |
| Net Non-Operating Interest Income (Expense) | -$286.00M | -$231.00M | -$273.00M | -$968.00M | -$260.00M |
| Non-Operating Interest Income | $5.00M | $5.00M | $5.00M | $24.00M | $7.00M |
| Non-Operating Interest Expense | $291.00M | $236.00M | $278.00M | $992.00M | $267.00M |
| Other Income (Expense) | $177.00M | $74.00M | $86.00M | $431.00M | $105.00M |
| Earnings from Equity Interest | $176.00M | $67.00M | $84.00M | $414.00M | $101.00M |
| Other Non-Operating Income (Expenses) | $1.00M | $7.00M | $2.00M | $17.00M | $4.00M |
| Pretax Profit | $1.76B | $1.15B | $976.00M | $4.37B | $777.00M |
| Tax | $27.00M | $14.00M | $26.00M | $82.00M | $15.00M |
| Net Profit | $1.74B | $1.14B | $950.00M | $4.29B | $762.00M |
| Profit from Continuing Operations | $1.74B | $1.14B | $950.00M | $4.29B | $762.00M |
| Minority Interests | $7.00M | $8.00M | $8.00M | $23.00M | $8.00M |
| Net Income to Parent Company | $1.73B | $1.13B | $941.00M | $4.27B | $754.00M |
| Net Income to Common Stockholders | $1.73B | $1.13B | $941.00M | $4.27B | $754.00M |
| Basic EPS | $6.46 | $4.21 | $3.49 | $15.75 | $2.78 |
| Diluted EPS | $6.45 | $4.20 | $3.48 | $15.61 | $2.76 |
| Dividend Per Share | $1.50 | $1.50 | $1.50 | $3.50 | $1.00 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $44.81B | $44.64B | $41.99B | $41.62B | $41.62B |
| Total Current Assets | $2.47B | $2.43B | $2.20B | $2.21B | $2.21B |
| Cash and Cash Equivalents & Short-Term Investments | $851.00M | $875.00M | $512.00M | $825.00M | $825.00M |
| -Cash and Cash Equivalents | $851.00M | $875.00M | $512.00M | $825.00M | $825.00M |
| Receivables | $409.00M | $441.00M | $479.00M | $317.00M | $317.00M |
| -Accounts Receivable | $409.00M | $441.00M | $479.00M | $317.00M | $317.00M |
| Inventory | $304.00M | $267.00M | $271.00M | $264.00M | $264.00M |
| Other Current Assets | $750.00M | $803.00M | $719.00M | $690.00M | $690.00M |
| Total Non-Current Assets | $42.34B | $42.21B | $39.79B | $39.41B | $39.41B |
| Net PPE | $39.05B | $38.87B | $36.50B | $36.32B | $36.32B |
| -Gross PPE | $39.05B | $38.87B | $36.50B | $53.29B | $53.29B |
| Goodwill and Other Intangible Assets | $808.00M | $808.00M | $808.00M | $808.00M | $808.00M |
| -Goodwill | $808.00M | $808.00M | $808.00M | $808.00M | $808.00M |
| Other Non-Current Assets | $2.48B | $2.53B | $2.48B | $2.28B | $2.28B |
| Total Liabilities | $32.90B | $34.18B | $31.96B | $31.37B | $31.37B |
| Total Current Liabilities | $11.41B | $11.66B | $11.07B | $12.06B | $12.06B |
| Payables | $979.00M | $1.09B | $1.01B | $953.00M | $953.00M |
| -Accounts Payable | $979.00M | $1.09B | $1.01B | $953.00M | $953.00M |
| Current Accrued Expenses | $1.98B | $2.17B | $1.97B | $2.03B | $2.03B |
| Short-Term Debt and Capital Lease Obligation | $2.31B | $1.64B | $1.53B | $3.27B | $3.27B |
| -Current Debt | $2.24B | $1.57B | $1.45B | $3.18B | $3.18B |
| -Current Capital Lease Obligation | $71.00M | $71.00M | $79.00M | $90.00M | $90.00M |
| Current Deferred Liabilities | $6.03B | $6.74B | $6.55B | $5.74B | $5.74B |
| Other Current Liabilities | $107.00M | $17.00M | $12.00M | $67.00M | $67.00M |
| Total Non-Current Liabilities | $21.49B | $22.53B | $20.90B | $19.32B | $19.32B |
| Long Term Debt and Capital Lease Obligation | $20.86B | $21.87B | $20.27B | $18.77B | $18.77B |
| -Long Term Debt | $20.12B | $21.26B | $19.67B | $18.17B | $18.17B |
| -Long Term Capital Lease Obligation | $744.00M | $611.00M | $599.00M | $600.00M | $600.00M |
| Other Non-Current Liabilities | $627.00M | $654.00M | $632.00M | $554.00M | $554.00M |
| Total Equity | $11.91B | $10.46B | $10.03B | $10.25B | $10.25B |
| Stockholders' Equity | $11.71B | $10.24B | $9.81B | $10.04B | $10.04B |
| Capital Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M |
| -Common Stock | $3.00M | $3.00M | $3.00M | $3.00M | $3.00M |
| -Preferred Stock | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional Paid-In Capital | $7.92B | $7.90B | $7.87B | $7.96B | $7.96B |
| Retained Earnings | $8.51B | $7.19B | $6.46B | $5.93B | $5.93B |
| Less: Treasury Stock | $4.33B | $4.33B | $4.14B | $3.25B | $3.25B |
| Gains/Losses Not Affecting Retained Earnings | -$384.00M | -$516.00M | -$385.00M | -$604.00M | -$604.00M |
| Minority Interests | $200.00M | $225.00M | $218.00M | $208.00M | $208.00M |
| -Accumulated Depreciation | – | – | – | -$16.98B | -$16.98B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.58B | $1.86B | $1.83B | $6.47B | $1.62B |
| Net cash flow from continuing operations | $1.58B | $1.86B | $1.83B | $6.47B | $1.62B |
| Net Income from Continuing Operations | $1.74B | $1.14B | $950.00M | $4.29B | $762.00M |
| Gain/Loss from Continuing Operations | -$136.00M | -$67.00M | -$16.00M | -$447.00M | -$99.00M |
| Depreciation & Depletion & Amortization | $490.00M | $464.00M | $461.00M | $1.72B | $453.00M |
| Deferred Tax | -$3.00M | -$1.00M | -$1.00M | $18.00M | $3.00M |
| Other Non-Cash Items | $26.00M | -$6.00M | $85.00M | $63.00M | $28.00M |
| Change in Working Capital | -$867.00M | $304.00M | $317.00M | $383.00M | $436.00M |
| -Change in Receivables | $29.00M | $35.00M | -$173.00M | -$3.00M | $31.00M |
| -Change in Inventory | -$37.00M | $4.00M | -$7.00M | $0.00 | $4.00M |
| -Change in Prepaid Assets | $21.00M | -$108.00M | -$25.00M | -$100.00M | -$58.00M |
| -Change in Payables and Accrued Expense | -$179.00M | $186.00M | -$287.00M | $243.00M | $324.00M |
| -Change In Other Working Capital | -$701.00M | $187.00M | $809.00M | $243.00M | $135.00M |
| Net cash flow from investing | -$630.00M | -$2.67B | -$529.00M | -$5.01B | -$1.48B |
| Net Cash Flow from Continuing Investing Activities | -$630.00M | -$2.67B | -$529.00M | -$5.01B | -$1.48B |
| Net PPE Purchase and Sale | -$643.00M | -$2.74B | -$500.00M | -$5.23B | -$1.51B |
| Net Business Purchase and Sale | -$6.00M | -$5.00M | -$38.00M | -$106.00M | -$12.00M |
| Net Investment Purchase and Sale | $4.00M | $77.00M | $14.00M | $176.00M | $44.00M |
| Net Other Investing Changes | $15.00M | -$8.00M | -$5.00M | $147.00M | -$4.00M |
| Financing Cash Flow | -$974.00M | $1.18B | -$1.62B | -$1.02B | $254.00M |
| Net Cash Flow from Continuing Financing Activities | -$974.00M | $1.18B | -$1.62B | -$1.02B | $254.00M |
| Net Issuance Payments Of Debt | -$532.00M | $1.80B | -$277.00M | $1.14B | $1.05B |
| Net Common Stock Issuance | $0.00 | -$199.00M | -$836.00M | -$1.16B | -$504.00M |
| Cash Dividends Paid | -$401.00M | -$404.00M | -$270.00M | -$824.00M | -$272.00M |
| Net Other Financing Charges | -$41.00M | -$21.00M | -$234.00M | -$170.00M | -$18.00M |
| Ending Cash Balance | $851.00M | $875.00M | $512.00M | $825.00M | $825.00M |
| Net Change in Cash | -$24.00M | $363.00M | -$312.00M | $435.00M | $398.00M |
| Beginning Cash Balance | $875.00M | $512.00M | $825.00M | $388.00M | $432.00M |
| Effect of Exchange Rate Changes | $0.00 | $0.00 | -$1.00M | $2.00M | -$5.00M |
| Free Cash Flow | $937.00M | -$877.00M | $1.33B | $1.24B | $116.00M |
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