ROYAL CARIBBEAN CRUISES LTD (RCL) Stock Fundamental Analysis

NYSE:RCL • LR0008862868

303.8 USD
-11.29 (-3.58%)
Last: Feb 23, 2026, 11:04 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to RCL. RCL was compared to 126 industry peers in the Hotels, Restaurants & Leisure industry. While RCL has a great profitability rating, there are quite some concerns on its financial health. RCL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year RCL was profitable.
  • RCL had a positive operating cash flow in the past year.
  • In multiple years RCL reported negative net income over the last 5 years.
  • Of the past 5 years RCL 4 years had a positive operating cash flow.
RCL Yearly Net Income VS EBIT VS OCF VS FCFRCL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B

1.2 Ratios

  • With an excellent Return On Assets value of 10.26%, RCL belongs to the best of the industry, outperforming 81.75% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 42.53%, RCL belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
  • RCL has a Return On Invested Capital of 13.14%. This is in the better half of the industry: RCL outperforms 77.78% of its industry peers.
  • RCL had an Average Return On Invested Capital over the past 3 years of 11.33%. This is in line with the industry average of 10.58%.
  • The 3 year average ROIC (11.33%) for RCL is below the current ROIC(13.14%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.26%
ROE 42.53%
ROIC 13.14%
ROA(3y)7.62%
ROA(5y)0.03%
ROE(3y)38.83%
ROE(5y)-12.42%
ROIC(3y)11.33%
ROIC(5y)N/A
RCL Yearly ROA, ROE, ROICRCL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • RCL's Profit Margin of 23.80% is amongst the best of the industry. RCL outperforms 95.24% of its industry peers.
  • RCL has a better Operating Margin (27.41%) than 92.86% of its industry peers.
  • RCL's Gross Margin of 50.62% is in line compared to the rest of the industry. RCL outperforms 57.14% of its industry peers.
  • RCL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 27.41%
PM (TTM) 23.8%
GM 50.62%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.5%
GM growth 5YN/A
RCL Yearly Profit, Operating, Gross MarginsRCL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

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2

2. Health

2.1 Basic Checks

  • RCL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, RCL has more shares outstanding
  • Compared to 5 years ago, RCL has more shares outstanding
  • Compared to 1 year ago, RCL has an improved debt to assets ratio.
RCL Yearly Shares OutstandingRCL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
RCL Yearly Total Debt VS Total AssetsRCL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • RCL has an Altman-Z score of 2.35. This is not the best score and indicates that RCL is in the grey zone with still only limited risk for bankruptcy at the moment.
  • RCL has a Altman-Z score of 2.35. This is in the better half of the industry: RCL outperforms 64.29% of its industry peers.
  • RCL has a debt to FCF ratio of 17.27. This is a negative value and a sign of low solvency as RCL would need 17.27 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 17.27, RCL is in line with its industry, outperforming 46.03% of the companies in the same industry.
  • RCL has a Debt/Equity ratio of 1.81. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of RCL (1.81) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 17.27
Altman-Z 2.35
ROIC/WACC1.71
WACC7.66%
RCL Yearly LT Debt VS Equity VS FCFRCL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B 20B

2.3 Liquidity

  • RCL has a Current Ratio of 0.18. This is a bad value and indicates that RCL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • RCL has a worse Current ratio (0.18) than 96.83% of its industry peers.
  • A Quick Ratio of 0.16 indicates that RCL may have some problems paying its short term obligations.
  • RCL has a worse Quick ratio (0.16) than 96.83% of its industry peers.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.16
RCL Yearly Current Assets VS Current LiabilitesRCL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 32.43% over the past year.
  • The Revenue has grown by 8.80% in the past year. This is quite good.
  • Measured over the past years, RCL shows a very strong growth in Revenue. The Revenue has been growing by 52.02% on average per year.
EPS 1Y (TTM)32.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.78%
Revenue 1Y (TTM)8.8%
Revenue growth 3Y26.59%
Revenue growth 5Y52.02%
Sales Q2Q%13.21%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.42% on average over the next years. This is quite good.
  • Based on estimates for the next years, RCL will show a quite strong growth in Revenue. The Revenue will grow by 8.16% on average per year.
EPS Next Y15.95%
EPS Next 2Y15.32%
EPS Next 3Y15.19%
EPS Next 5Y13.42%
Revenue Next Year10.06%
Revenue Next 2Y8.72%
Revenue Next 3Y8.79%
Revenue Next 5Y8.16%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
RCL Yearly Revenue VS EstimatesRCL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B
RCL Yearly EPS VS EstimatesRCL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 20 40

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.42, the valuation of RCL can be described as rather expensive.
  • Based on the Price/Earnings ratio, RCL is valued a bit cheaper than 65.87% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of RCL to the average of the S&P500 Index (26.99), we can say RCL is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 16.75, RCL is valued correctly.
  • RCL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. RCL is cheaper than 66.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of RCL to the average of the S&P500 Index (28.02), we can say RCL is valued slightly cheaper.
Industry RankSector Rank
PE 19.42
Fwd PE 16.75
RCL Price Earnings VS Forward Price EarningsRCL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RCL indicates a slightly more expensive valuation: RCL is more expensive than 64.29% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as RCL.
Industry RankSector Rank
P/FCF 66.47
EV/EBITDA 15.94
RCL Per share dataRCL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • RCL has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as RCL's earnings are expected to grow with 15.19% in the coming years.
PEG (NY)1.22
PEG (5Y)N/A
EPS Next 2Y15.32%
EPS Next 3Y15.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • RCL has a Yearly Dividend Yield of 1.37%.
  • Compared to an average industry Dividend Yield of 1.09, RCL pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.81, RCL is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.37%

5.2 History

  • The dividend of RCL has a limited annual growth rate of 1.16%.
  • RCL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • RCL has decreased its dividend recently.
Dividend Growth(5Y)1.16%
Div Incr Years1
Div Non Decr Years1
RCL Yearly Dividends per shareRCL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2024 2025 2026 1 2 3

5.3 Sustainability

  • 19.30% of the earnings are spent on dividend by RCL. This is a low number and sustainable payout ratio.
  • RCL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.3%
EPS Next 2Y15.32%
EPS Next 3Y15.19%
RCL Yearly Income VS Free CF VS DividendRCL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B
RCL Dividend Payout.RCL Dividend Payout, showing the Payout Ratio.RCL Dividend Payout.PayoutRetained Earnings

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ROYAL CARIBBEAN CRUISES LTD

NYSE:RCL (2/23/2026, 11:04:08 AM)

303.8

-11.29 (-3.58%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)01-29
Earnings (Next)04-27
Inst Owners82.68%
Inst Owner Change0.05%
Ins Owners0.25%
Ins Owner Change0.71%
Market Cap82.15B
Revenue(TTM)17.93B
Net Income(TTM)4.27B
Analysts80.59
Price Target355.99 (17.18%)
Short Float %4.42%
Short Ratio5.05
Dividend
Industry RankSector Rank
Dividend Yield 1.37%
Yearly Dividend3.06
Dividend Growth(5Y)1.16%
DP19.3%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.28%
Min EPS beat(2)-0.94%
Max EPS beat(2)0.37%
EPS beat(4)3
Avg EPS beat(4)2.77%
Min EPS beat(4)-0.94%
Max EPS beat(4)6.12%
EPS beat(8)7
Avg EPS beat(8)8.52%
EPS beat(12)11
Avg EPS beat(12)14.05%
EPS beat(16)14
Avg EPS beat(16)14.3%
Revenue beat(2)0
Avg Revenue beat(2)-1.28%
Min Revenue beat(2)-1.48%
Max Revenue beat(2)-1.09%
Revenue beat(4)0
Avg Revenue beat(4)-1.29%
Min Revenue beat(4)-1.48%
Max Revenue beat(4)-1.09%
Revenue beat(8)1
Avg Revenue beat(8)-0.86%
Revenue beat(12)4
Avg Revenue beat(12)-0.34%
Revenue beat(16)5
Avg Revenue beat(16)-0.71%
PT rev (1m)6.15%
PT rev (3m)4.72%
EPS NQ rev (1m)5.78%
EPS NQ rev (3m)3.81%
EPS NY rev (1m)1.25%
EPS NY rev (3m)0.83%
Revenue NQ rev (1m)1.01%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)0.81%
Revenue NY rev (3m)0.54%
Valuation
Industry RankSector Rank
PE 19.42
Fwd PE 16.75
P/S 4.58
P/FCF 66.47
P/OCF 12.71
P/B 8.19
P/tB 8.9
EV/EBITDA 15.94
EPS(TTM)15.64
EY5.15%
EPS(NY)18.13
Fwd EY5.97%
FCF(TTM)4.57
FCFY1.5%
OCF(TTM)23.91
OCFY7.87%
SpS66.32
BVpS37.12
TBVpS34.13
PEG (NY)1.22
PEG (5Y)N/A
Graham Number114.29
Profitability
Industry RankSector Rank
ROA 10.26%
ROE 42.53%
ROCE 16.63%
ROIC 13.14%
ROICexc 13.51%
ROICexgc 13.9%
OM 27.41%
PM (TTM) 23.8%
GM 50.62%
FCFM 6.89%
ROA(3y)7.62%
ROA(5y)0.03%
ROE(3y)38.83%
ROE(5y)-12.42%
ROIC(3y)11.33%
ROIC(5y)N/A
ROICexc(3y)11.58%
ROICexc(5y)N/A
ROICexgc(3y)12.12%
ROICexgc(5y)N/A
ROCE(3y)14.35%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.5%
GM growth 5YN/A
F-Score8
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 1.81
Debt/FCF 17.27
Debt/EBITDA 2.74
Cap/Depr 304.37%
Cap/Sales 29.16%
Interest Coverage 5.69
Cash Conversion 97.45%
Profit Quality 28.95%
Current Ratio 0.18
Quick Ratio 0.16
Altman-Z 2.35
F-Score8
WACC7.66%
ROIC/WACC1.71
Cap/Depr(3y)258.82%
Cap/Depr(5y)228.31%
Cap/Sales(3y)25.67%
Cap/Sales(5y)50.64%
Profit Quality(3y)44.18%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.78%
EPS Next Y15.95%
EPS Next 2Y15.32%
EPS Next 3Y15.19%
EPS Next 5Y13.42%
Revenue 1Y (TTM)8.8%
Revenue growth 3Y26.59%
Revenue growth 5Y52.02%
Sales Q2Q%13.21%
Revenue Next Year10.06%
Revenue Next 2Y8.72%
Revenue Next 3Y8.79%
Revenue Next 5Y8.16%
EBIT growth 1Y19.15%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year55.54%
EBIT Next 3Y23.89%
EBIT Next 5Y16.92%
FCF growth 1Y-38.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y22.79%
OCF growth 3Y137.62%
OCF growth 5YN/A

ROYAL CARIBBEAN CRUISES LTD / RCL FAQ

Can you provide the ChartMill fundamental rating for ROYAL CARIBBEAN CRUISES LTD?

ChartMill assigns a fundamental rating of 5 / 10 to RCL.


What is the valuation status of ROYAL CARIBBEAN CRUISES LTD (RCL) stock?

ChartMill assigns a valuation rating of 4 / 10 to ROYAL CARIBBEAN CRUISES LTD (RCL). This can be considered as Fairly Valued.


How profitable is ROYAL CARIBBEAN CRUISES LTD (RCL) stock?

ROYAL CARIBBEAN CRUISES LTD (RCL) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for RCL stock?

The Earnings per Share (EPS) of ROYAL CARIBBEAN CRUISES LTD (RCL) is expected to grow by 15.95% in the next year.


Is the dividend of ROYAL CARIBBEAN CRUISES LTD sustainable?

The dividend rating of ROYAL CARIBBEAN CRUISES LTD (RCL) is 5 / 10 and the dividend payout ratio is 19.3%.