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Royal Caribbean Cruises Ltd.

RCLConsumer CyclicalNASDAQ

Travel Services

PriceMA150MA200
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Financials · Annual
Revenue
$17.93B
+8.8% YoY
Net Income
$4.27B
+48.3% YoY
EBITDA
$7.08B
+15.5% YoY
Free Cash Flow
-$194.9M

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About Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. With a market capitalization of $76.34B, it sits in large-cap territory. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries.

Key stats
Market Cap$76.34B
P/E (TTM)17.37
Fwd P/E14.23
EPS$16.39
Beta1.78
52W Change+8.7%
Dividend Yield1.76%
ROE49.6%
Analysis

The company holds $512.0M in cash, though total debt stands at $21.79B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company is burning cash, with free cash flow at -$194.9M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 49.6% points to exceptionally high capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 8.1% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $8.84B (2022) to $17.93B (2025), reflecting a 103% increase over the period.

With a beta above 1.5, RCL tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Royal Caribbean Cruises Ltd. and its sector.

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