NYSE · WATER TRANSPORTATION · LARGE CAP
Royal Caribbean Cruises Ltd. RCL
18 fiscal years on record · USD · FY2025 reported · SEC filings only
In brief
What this company does
Written from the business description in ROYAL CARIBBEAN CRUISES LTD's annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.
Growth
USD 17.9B
Revenue, FY2025 · full 18-year series below
Revenue $B
Net income $B
FY2025 · Revenue 17.9 · Net income 4.3
Compound annual growth
+26.6%
+52.0%
+8.0%
+6.7%
+20.4%
+15.1%
+17.9%
+13.4%
+35.0%
+43.5%
+15.5%
3 yrs
5 yrs
10 yrs
15 yrs
Revenue compounded at +52.0% a year over five years.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
24 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 27.4% · Net 23.9%
ROE
FY2025 · ROE 48.5%
Each USD of equity produced 48 cents of profit this year.
The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 17.9 | 16.5 | 13.9 | 8.8 | 1.5 | 2.2 | 11.0 | 9.5 | 8.8 | 8.5 | 8.3 | 8.1 | 8.0 | 7.7 | 7.5 | 6.8 | 5.9 | 6.5 |
| Operating income $B | 4.9 | 4.1 | 2.9 | −0.8 | −3.9 | −4.6 | 2.1 | 1.9 | 1.7 | 1.5 | 0.9 | 0.9 | 0.8 | 0.4 | 0.9 | 0.8 | 0.5 | 0.8 |
| EBITDA $B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Income tax $B | 0.1 | 0.0 | 0.0 | 0.0 | −0.0 | · | · | · | · | · | · | · | · | 0.1 | 0.0 | 0.0 | 0.0 | · |
| Net income $B | 4.3 | 2.9 | 1.7 | −2.2 | −5.3 | −5.8 | 1.9 | 1.8 | 1.6 | 1.3 | 0.7 | 0.8 | 0.5 | 0.0 | 0.6 | 0.5 | 0.2 | 0.6 |
| Free cash flow $B | 1.2 | 2.0 | 0.6 | −2.2 | −4.1 | −5.7 | 0.7 | −0.2 | 2.3 | 0.0 | 0.3 | −0.1 | 0.6 | 0.1 | 0.3 | −0.5 | −1.6 | −1.2 |
| EPS, diluted $ | 15.61 | 10.94 | 6.31 | −8.45 | −20.89 | −27.05 | 8.95 | 8.56 | 7.53 | 5.93 | 3.02 | 3.43 | 2.14 | 0.08 | 2.77 | 2.37 | 0.71 | 2.68 |
| Dividend / sh $ | 3.50 | 0.95 | 0.00 | 0.00 | · | 0.78 | 2.96 | 2.60 | 2.16 | 1.71 | · | · | · | 0.12 | · | · | · | · |
| Payout % | 19 | 4 | 0 | −0 | −0 | −6 | 32 | 29 | 27 | 27 | 42 | 26 | 30 | 644 | 4 | · | · | 22 |
| ROE % | 48.5 | 46.8 | 44.7 | −54.2 | −76.0 | −55.4 | 16.1 | 16.6 | 16.4 | 14.9 | 8.1 | 8.9 | 5.5 | 0.2 | 7.4 | 6.7 | 2.1 | 8.4 |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Compare
This company against its peers
Royal Caribbean Cruises Ltd.vsCarnival Corp. Ltd.Same industry: Water TransportationRoyal Caribbean Cruises Ltd.vsBrookfield Infrastructure Partners L.p.Same industry: Water TransportationRoyal Caribbean Cruises Ltd.vsNorwegian Cruise Line Holdings Ltd.Same industry: Water TransportationRoyal Caribbean Cruises Ltd.vsZIM Integrated Shipping Services Ltd.Same industry: Water TransportationRoyal Caribbean Cruises Ltd.vsViking Holdings Ltd.Same industry: Water TransportationRoyal Caribbean Cruises Ltd.vsKirby Corp.Same industry: Water TransportationRoyal Caribbean Cruises Ltd.vsMatson, Inc.Same industry: Water Transportation
Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED
Reconciled in 18 of 19 fiscal years. 8 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWater Transportation
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2008