StockCV
Royal Caribbean Group logo

Royal Caribbean Group

Travel Services

$282.18
+0.27%
Market cap $75.5B

Royal Caribbean is the world's second-largest cruise company by revenues, operating 71 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea.

It is a $75.5B consumer company. Revenue grew 8.7% over the last year, it keeps 24¢ of every dollar of sales as profit, and it carries $20.5B of net debt. It trades at 17.2× earnings — in the cheapest third of its own history.

Location
Miami, FL
Employees
108 000
Sector
Consumer Cyclical
Founded
1968

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation65Growth50Profitability87Health33Quality42Moat30

Strong profitability; Health, Quality and Moat lag behind.

Valuation65
  • P/E vs own history14th pct · 25/25
  • FCF yield-0.6% · 0/25
  • P/S4.0x · 20/25
  • EV/EBITDA14.2x · 20/25
Growth50
  • Revenue CAGR85.0% · 25/25
  • Net income CAGRn/a · 0/25
  • EPS CAGR ~5Yn/a · 0/25
  • Fwd implied growth43.2% · 25/25
Profitability87
  • ROIC14.0% · 12/25
  • ROE43.8% · 25/25
  • Net margin23.5% · 25/25
  • Operating margin27.1% · 25/25
Health33
  • Altman Z1.71 · 10/25
  • Current ratio0.21 · 0/25
  • Interest coverage9.1x · 18/25
  • Net cash / debtD/A 49% · 5/25
Quality42
  • Piotroski F7/9 · 22/25
  • Beneish M-2.48 · 20/25
  • FCF conversion-9% · 0/25
  • Margin stabilityσ 418.0% · 0/25
Moat30
  • ROIC >12% years1/10 yrs · 0/25
  • Median gross margin44.1% · 20/25
  • FCF-positive years6/10 yrs · 10/25
  • Worst-year net marginworst -343.3% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. FY2025Financial
    Best year on record
    $4.27B net income
  2. 2021Milestone
    Royal Caribbean International's Ovation of the Seas became the first cruise ship to return to the…
  3. FY2019Financial
    Revenue crossed $10B
    $11.0B for the year
  4. FY2016Financial
    First recorded profitable year
    $1.28B net income
  5. FY2016Financial
    Revenue already above $1B
    $8.50B in first reported year
  6. 2009Product
    The larger Oasis class, featuring Oasis of the Seas and Allure of the Seas, launched in 2009 and 2010
  7. 1997Acquisition
    It merged with the Greek cruise line Celebrity Cruises and changed its name from Royal Caribbean Cruise…
  8. 1993IPO
    Royal Caribbean went public on the New York Stock Exchange in 1993
  9. 1990Acquisition
    Two years later in 1990, Nordic Empress and Viking Serenade entered service and Royal Caribbean purchased a second…
  10. 1988Product
    The line launched Sovereign of the Seas, the largest passenger vessel…
  11. 1986Milestone
    Royal Caribbean leased a coastal property in Labadie, Haiti, to be used as a private destination for its…
  12. 1982Product
    Royal Caribbean launched Song of America
  13. 1978Milestone
    Song of Norway became Royal Caribbean's first passenger ship to be lengthened
  14. 1968Founded
    Royal Caribbean Cruise Line was founded in 1968 by three Norwegian shipping companies: Anders Wilhelmsen & Company, I.M

Achievements

Verifiable track record, straight from the reported numbers.

#15 largest of 99 Consumer Cyclical companies by market cap
$10 000 invested in 2021 would be worth ~$34 598 today — price return only
$17.9B revenue in FY2025
Revenue up 8.7% year over year
Profitable 3 years in a row
Positive free cash flow 3 years in a row
108 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (49.6%)
  • Strongly profitable — 23.5% net margin
  • Interest covered 9.1× by operating earnings
  • Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

  • Negative free cash flow (-$416.0M)
  • Altman Z-Score 1.71 — elevated financial-distress risk
  • Loss-making in 3 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 11 checks passed
  • Revenue growing+8.7% YoY
  • Profitable$4.40B TTM
  • Profit growing+48.3% YoY
  • Generates cash-$416M TTM
  • Debt under controlcurrent ratio 0.21
  • Established company$75.5B market cap
  • Not printing shares+27.6% shares over ~5y
  • Proven track record7/10 profitable years
  • Financially stableAltman Z 1.7 — distress
  • Pays a dividendyield 1.52%
  • Valuation not extremeP/E 17.2
Peer comparisonRoyal Caribbean Group vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
RCL this company$75.5B17.2+8.7%23.5%Strained
AMZN Amazon.Com Inc$2.8T20.9+15.8%17.4%Mixed
TSLA Tesla, Inc.$1.5T397.1+11.8%3.7%Strong
NFLX NetFlix Inc$292.8B21.4+16.0%28.2%Solid
HD Home Depot, Inc.$290.4B20.4-16.0%8.7%Solid
DIS The Walt Disney Company$186.5B21.7+4.6%8.7%Solid
MCD McDonald's Corporation$166.9B18.9+6.3%31.7%Strained

Head-to-head: RCL vs AMZN · RCL vs TSLA · RCL vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 9Buy 16Hold 11

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of RCL on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $282.18 · market cap $75.5B.