InsiderClue
Stocks · Industrials · Water Transportation

Royal Caribbean Group

RCL Clue Score64
United States Fiscal year ends December CIK 0000884887
$282.26 +0.30% Close, 9 Oct 2026
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Price $282.26 +223.25% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue8.50Operating income1.48Net income1.28EPS, diluted5.93Fiscal year 2017Revenue8.78 +3.3%Operating income1.74Net income1.63 +26.6%EPS, diluted7.53 +27.0%Fiscal year 2018Revenue9.49 +8.2%Operating income1.89Net income1.81 +11.4%EPS, diluted8.56 +13.7%Fiscal year 2019Revenue10.95 +15.3%Operating income2.08Net income1.88 +3.7%EPS, diluted8.95 +4.6%Fiscal year 2020Revenue2.21 −79.8%Operating income−4.60Net income−5.80 −408.6%EPS, diluted−27.05 −402.2%Fiscal year 2021Revenue1.53 −30.6%Operating income−3.87Net income−5.26EPS, diluted−20.89Fiscal year 2022Revenue8.84 +477.0%Operating income−0.77Net income−2.16EPS, diluted−8.45Fiscal year 2023Revenue13.90 +57.2%Operating income2.88Net income1.70EPS, diluted6.31Fiscal year 2024Revenue16.48 +18.6%Operating income4.11Net income2.88 +69.5%EPS, diluted10.94 +73.4%Fiscal year 2025Revenue17.94 +8.8%Operating income4.91Net income4.27 +48.3%EPS, diluted15.61 +42.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 8.50 8.78 9.49 10.95 2.21 1.53 8.84 13.90 16.48 17.94
Growth +3.3% +8.2% +15.3% −79.8% −30.6% +477.0% +57.2% +18.6% +8.8%
Operating income 1.48 1.74 1.89 2.08 −4.60 −3.87 −0.77 2.88 4.11 4.91
Net income 1.28 1.63 1.81 1.88 −5.80 −5.26 −2.16 1.70 2.88 4.27
Growth +26.6% +11.4% +3.7% −408.6% +69.5% +48.3%
EPS, diluted 5.93 7.53 8.56 8.95 −27.05 −20.89 −8.45 6.31 10.94 15.61
Growth +27.0% +13.7% +4.6% −402.2% +73.4% +42.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin17.4%Net margin15.1%Free cash flow margin0.3%Fiscal year 2017Operating margin19.9%Net margin18.5%Free cash flow margin26.3%Fiscal year 2018Operating margin20.0%Net margin19.1%Free cash flow margin−1.9%Fiscal year 2019Operating margin19.0%Net margin17.2%Free cash flow margin6.3%Fiscal year 2020Operating margin−208.3%Net margin−262.5%Free cash flow margin−257.9%Fiscal year 2021Operating margin−252.6%Net margin−343.3%Free cash flow margin−268.1%Fiscal year 2022Operating margin−8.7%Net margin−24.4%Free cash flow margin−25.2%Fiscal year 2023Operating margin20.7%Net margin12.2%Free cash flow margin4.2%Fiscal year 2024Operating margin24.9%Net margin17.5%Free cash flow margin12.1%Fiscal year 2025Operating margin27.4%Net margin23.8%Free cash flow margin6.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 17.4% 19.9% 20.0% 19.0% −208.3% −252.6% −8.7% 20.7% 24.9% 27.4%
Net margin 15.1% 18.5% 19.1% 17.2% −262.5% −343.3% −24.4% 12.2% 17.5% 23.8%
Free cash flow margin 0.3% 26.3% −1.9% 6.3% −257.9% −268.1% −25.2% 4.2% 12.1% 6.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.52Capital expenditure−2.49Free cash flow0.02Buybacks−0.30Dividends paid−0.35Fiscal year 2017Operating cash flow2.87Capital expenditure−0.56Free cash flow2.31 +10,248.1%Buybacks−0.22Dividends paid−0.44Fiscal year 2018Operating cash flow3.48Capital expenditure−3.66Free cash flow−0.18 −107.8%Buybacks−0.58Dividends paid−0.53Fiscal year 2019Operating cash flow3.72Capital expenditure−3.02Free cash flow0.69Buybacks−0.10Dividends paid−0.60Fiscal year 2020Operating cash flow−3.73Capital expenditure−1.97Free cash flow−5.70 −923.6%Buybacks0.00Dividends paid−0.33Fiscal year 2021Operating cash flow−1.88Capital expenditure−2.23Free cash flow−4.11Buybacks0.00Dividends paid0.00Fiscal year 2022Operating cash flow0.48Capital expenditure−2.71Free cash flow−2.23Dividends paid0.00Fiscal year 2023Operating cash flow4.48Capital expenditure−3.90Free cash flow0.58Buybacks0.00Dividends paid0.00Fiscal year 2024Operating cash flow5.27Capital expenditure−3.27Free cash flow2.00 +244.3%Buybacks0.00Dividends paid−0.11Fiscal year 2025Operating cash flow6.47Capital expenditure−5.23Free cash flow1.24 −38.1%Buybacks−1.16Dividends paid−0.82
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.52 2.87 3.48 3.72 −3.73 −1.88 0.48 4.48 5.27 6.47
Capital expenditure −2.49 −0.56 −3.66 −3.02 −1.97 −2.23 −2.71 −3.90 −3.27 −5.23
Free cash flow 0.02 2.31 −0.18 0.69 −5.70 −4.11 −2.23 0.58 2.00 1.24
Growth +10,248.1% −107.8% −923.6% +244.3% −38.1%
Buybacks −0.30 −0.22 −0.58 −0.10 0.00 0.00 n/a 0.00 0.00 −1.16
Dividends paid −0.35 −0.44 −0.53 −0.60 −0.33 0.00 0.00 0.00 −0.11 −0.82

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.13Shareholders’ equity9.12Fiscal year 2017Cash0.12Shareholders’ equity10.70Fiscal year 2018Cash0.29Shareholders’ equity11.11Fiscal year 2019Cash0.24Shareholders’ equity12.16Fiscal year 2020Cash3.68Shareholders’ equity8.76Fiscal year 2021Cash2.70Shareholders’ equity5.09Fiscal year 2022Cash1.94Shareholders’ equity2.87Fiscal year 2023Cash0.50Shareholders’ equity4.72Fiscal year 2024Cash0.39Shareholders’ equity7.56Fiscal year 2025Cash0.83Shareholders’ equity10.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.13 0.12 0.29 0.24 3.68 2.70 1.94 0.50 0.39 0.83
Shareholders’ equity 9.12 10.70 11.11 12.16 8.76 5.09 2.87 4.72 7.56 10.04

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
17.4% 19.9% 20.0% 19.0% −208.3% −252.6% −8.7% 20.7% 24.9% 27.4%
n/a n/a n/a n/a n/a n/a n/a 12.3% 17.8% 24.4%
15.1% 18.5% 19.1% 17.2% −262.5% −343.3% −24.4% 12.2% 17.5% 23.8%
0.3% 26.3% −1.9% 6.3% −257.9% −268.1% −25.2% 4.2% 12.1% 6.9%
Spending
13.0% 13.5% 13.7% 14.2% 54.3% 89.4% 17.9% 12.9% 12.9% 12.4%
29.4% 6.4% 38.6% 27.6% 89.0% 145.6% 30.7% 28.0% 19.8% 29.2%
n/a n/a n/a n/a n/a n/a n/a 0.4% 1.6% 1.9%
Returns
14.1% 15.2% 16.3% 15.4% −66.2% −103.4% −75.1% 35.9% 38.0% 42.5%
5.8% 7.3% 6.5% 6.2% −17.9% −16.3% −6.4% 4.8% 7.8% 10.3%
Balance and payout
n/a 52.1% 57.9% 58.0% 73.0% 84.2% 91.5% 86.1% 79.1% 75.4%
27.0% 26.9% 29.1% 32.1% n/a n/a n/a 0.0% 3.7% 19.3%
2,895.4% 28.7% n/a 101.5% n/a n/a n/a 0.0% 5.4% 160.4%