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ROYAL CARIBBEAN CRUISES LTD RCL

NYSE · stock · Water Transportation · website · IPO 1993-04-28 · LEI

ROYAL CARIBBEAN CRUISES LTD statistics & valuation

Market cap$85.3B
P / E20.0×
P / S4.8×
P / B8.3×
P / FCF69.0×
Dividend yield0.97%
Net margin23.8%
Return on equity41.7%
FCF margin6.9%
Return on capital16.6%
Graham number -62.8%$114.60

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($114.60); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.10% 18.50% 19.10% 17.20% -262.50% -343.30% -24.40% 12.20% 17.50% 23.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
17.40% 19.90% 20.00% 19.00% -208.30% -252.60% -8.70% 20.70% 24.90% 27.40% 2016201720182019202020212022202320242025
Return on equity (%)
14.10% 15.20% 16.30% 15.40% -66.20% -103.40% -75.10% 34.60% 37.20% 41.70% 2016201720182019202020212022202320242025
Shares outstanding
216.3M 215.7M 211.6M 209.9M 214.3M 252.0M 255.0M 283.0M 279.0M 274.0M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.80% 7.30% 6.50% 6.20% -17.90% -16.30% -6.40% 4.80% 7.80% 10.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
0.30% 26.30% -1.90% 6.30% -257.90% -268.10% -25.20% 4.20% 12.10% 6.90% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$5.93 $7.53 $8.56 $8.95 -$27.05 -$20.89 -$8.45 $6.31 $10.94 $15.61 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ROYAL CARIBBEAN CRUISES LTD trades at about 19.7× earnings — near its 10-year norm (10-year range 13.1×–27.1×, median 20.8×).

13.1× 27.1×

Shaded band = 10-year range (13.1×–27.1×); dot = today's 19.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin27.4%24.9%20.7%-8.7%-252.6%-208.3%19.0%20.0%19.9%17.4%
Net margin23.8%17.5%12.2%-24.4%-343.3%-262.5%17.2%19.1%18.5%15.1%
FCF margin6.9%12.1%4.2%-25.2%-268.1%-257.9%6.3%-1.9%26.3%0.3%
Return on assets10.3%7.8%4.8%-6.4%-16.3%-17.9%6.2%6.5%7.3%5.8%
Return on equity41.7%37.2%34.6%-75.1%-103.4%-66.2%15.4%16.3%15.2%14.1%
Current ratio0.180.170.190.370.490.950.150.170.190.17

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.