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Friday 6 November 2026 Export RCL’s income statement to Excel — free account

Royal Caribbean Cruises Ltd.

RCL Consumer Cyclical Travel Services

Royal Caribbean Cruises Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $17.9 billion, up 8.80% from fiscal 2024.

Revenue
+8.80%
EPS
+11.6%
Free cash flow
+194.7%
Total debt
+10.2%

Quarter to September 2026, against a year earlier

322.63 10.52 −3.16%
Market cap
$86.3B
P/E
19.0×
Fwd P/E
17.4×
Dividend yield
1.70%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
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Royal Caribbean Cruises Ltd. (RCL) Current ratio

Alert me on Current ratio

Royal Caribbean Cruises Ltd.'s current ratio at the end of the quarter to 30 September 2026 was 0.2×, up 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.1× (fiscal 2019) to 1.0× (fiscal 2020); the current reading is higher than 45% of that period. That is below the Travel Services industry median of 1.3× and below the Consumer Cyclical sector median of 1.5×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.2× 5.58%
FY2024 0.2× (8.87%)
FY2023 0.2× (49.01%)
FY2022 0.4× (24.36%)
FY2021 0.5× (48.00%)
FY2020 1.0× 550.00%
FY2019 0.1× (16.27%)
FY2018 0.2× (6.63%)
FY2017 0.2× 10.98%
FY2016 0.2× (13.59%)

Quarterly newest first

Period Current ratio Change
Sep 2026 0.2× 3.83%
Jun 2026 0.2× 4.82%
Mar 2026 0.2× 8.62%
Dec 2025 0.2× 11.49%
43 more quarters

Against its own ten years

Low 0.1× High 1.0×
Ten-year median 0.2×
Current reading's percentile 45

Current ratio against peers

Company Current ratio
MMYT MakeMyTrip Limited compare 2.9×
ABNB Airbnb, Inc. compare 1.7×
TCOM Trip.com Group Limited Sponsored ADR compare 1.3×
BKNG Booking Holdings Inc. compare 1.1×
VIK Viking Holdings Ltd. compare 0.8×
EXPE Expedia Group, Inc. compare 0.8×
CCL Carnival Corporation compare 0.3×
NCLH Norwegian Cruise Line Holdings Ltd. compare 0.2×
RCL Royal Caribbean Cruises Ltd. 0.2×
Travel Services industry median 1.3×
Consumer Cyclical sector median 1.5×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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