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. In the quarter to June 2026, revenue grew 6.48%, EPS fell 5.39%, free cash flow fell 196.4% and total debt rose 20.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for five.
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Royal Caribbean Cruises Ltd. (RCL) Return on equity
Royal Caribbean Cruises Ltd.'s return on equity over the twelve months to 30 June 2026 was 44.4%, down 3.1 percentage points from fiscal 2025 (47.5%). Over the past ten years it has ranged from −76.0% (fiscal 2021) to 47.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Travel Services industry median of 8.82% and above the Consumer Cyclical sector median of 3.64%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 47.5% | 1.93 |
| FY2024 | 45.5% | 1.85 |
| FY2023 | 43.7% | 97.90 |
| FY2022 | −54.2% | 21.77 |
| FY2021 | −76.0% | (20.57) |
| FY2020 | −55.4% | (71.56) |
| FY2019 | 16.2% | (0.46) |
| FY2018 | 16.6% | 0.21 |
| FY2017 | 16.4% | 1.46 |
| FY2016 | 14.9% | 6.79 |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| MMYT MakeMyTrip Limited compare | 2,808.0% |
| VIK Viking Holdings Ltd. compare | 194.5% |
| EXPE Expedia Group, Inc. compare | 89.4% |
| RCL Royal Caribbean Cruises Ltd. | 44.4% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 36.7% |
| ABNB Airbnb, Inc. compare | 34.5% |
| CCL Carnival Corporation compare | 24.0% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 0.00% |
| BKNG Booking Holdings Inc. compare | −82.7% |
| Travel Services industry median | 8.82% |
| Consumer Cyclical sector median | 3.64% |
| Market median | 1.35% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
More on RCL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement