Royal CaribbeanRCLRevenue: is the business selling more than it used to?
$17.9B+9% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $17.9B in 2025, compounding +27% a year since 2022 and the pace is picking up. The last twelve months (+9%) ran below that pace, so growth is slowing. The trailing twelve months are already running at $18.7B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLNet income: how much of that revenue becomes profit?
$4.3B+48% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $4.3B in 2025, against $2.9B the year before. Trailing twelve-month profit stands at $4.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLHow fast is it growing, year by year?
+8.8%revenue growth, FY 2025
Off the axis: 2013 earnings +2490.3% · 2020 earnings -408.6% - rebounds off a collapsed prior year.
→Revenue grew +9% in 2025 against a five-year average of +106%. Earnings grew faster (+48%), so each new dollar of sales is arriving more profitably. 2013's +2490% earnings rebound off a collapsed base and 2020's swing into loss (-409%) sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLRevenue per share: is your slice growing as fast as the company?
$65.46revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $65.46 in 2025, compounding +24% a year against +27% for RCL as a whole. Dilution absorbed about 3.0 points of that growth. Free cash flow per share stands at $4.51.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLFree cash flow: what is left in real cash after everything?
$1.2B−38% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $1.2B in 2025. The trailing twelve months stand at $-416M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→7 cents of every sales dollar became free cash in 2025, up 32 points since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 29% of revenue (stock compensation 1%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in 3 of the last 5 years, most recently +20% against +9%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin widened 36 points to 27% since 2022. After everything, 24 cents of each sales dollar reaches net profit. RCL doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 43% sits well above ROCE of 17%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLWhat has the market paid for RCL over time?
16.5xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 16.5x earnings, the market is paying +17% more than RCL's own 8-year median of 14.1x. Expectations are elevated, so more has to go right to justify the price.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLWhat cash return does the business throw off per dollar of market value?
-0.6%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys -0.6% of annual free cash flow, less than its 11-year median of 1.7% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLCould it handle its debt if things went wrong?
→Debt of $22.8B sits against $875M of cash, or 2.2x shareholders' equity. Earnings cover interest 5.0 times - adequate, with less room than it looks in a downturn.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLIs the company's own capital growing?
→The company's own capital grew from $4.7B in 2023 to $10.2B (+117%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLHow much goes back, and how much leaks out as stock comp?
→Shareholders received $1.2B in buybacks and $824M in dividends in 2025. Stock compensation issued $175M of new shares in the same year, offsetting 9% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLHow fast is your ownership being diluted - or concentrated?
→The share count shrank 1.8% in 2025. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLIs the dividend cheque growing?
→The dividend per share reached $3.01 in 2025, compounding +15% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 19% of profit and 67% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLDoes RCL earn more on its capital than that capital costs?
→RCL earns 16.6% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. That is the highest in RCL's filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLRCL has issued or retired shares - did shareholders end up better off?
→RCL issued +25% more shares from 2011 to 2025, but revenue per share still rose +90%. The dilution bought more growth than it cost existing holders.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Royal CaribbeanRCLAre the people running it buying or selling?
→Insiders sold $631M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 24 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30