Royal Caribbean Cruises (RCL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Royal Caribbean Cruises

NYSE•Consumer Cyclical•Travel Services

$249.74-2.68(-0.01%)Pre-market

Market Cap

$66.93B

P/E

15.2x

P/S

3.6x

P/B

6.5x

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability25/25

Growth20/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality10/25

Strengths

Strong marginsHigh ROERising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.2x5y range 15.2x – 25.7x

Currently near its 12-quarter median.

P/S · 3.6x5y range 1.4x – 39.5x

Currently near its 20-quarter median.

P/B · 6.5x5y range 2.7x – 9.3x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

D/E ratio of 2.1 is elevated. Watch for further debt accumulation.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $66.93B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $18.68B
Q. Revenue: $4.83B
TTM EBITDA: $5.11B
TTM Op. Income: $5.11B
Q. Op. Income: $1.31B
TTM Net Income: $4.40B
Q. Net Income: $1.13B
EPS: $4.21
Shares Out.: $268.00M

$18.68B in TTM revenue grew 8.7% YoY, reaching $4.83B last quarter. TTM EBITDA of $5.11B and TTM operating income of $5.11B show growth is flowing through to the bottom line. TTM net income of $4.40B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 47.3%
EBITDA Margin: 27.0%
Op. Margin: 27.0%
Net Margin: 23.3%

Op. margin of 27.0% is down 2.2% YoY — costs are rising relative to revenue. Net margin at 23.3% and gross margin of 47.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.2x
P/S Ratio: 3.6x
P/B Ratio: 6.5x

At 15.2x P/E, the stock trades within typical market levels. P/S of 3.6x and P/B of 6.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $44.64B
Cash: $875.00M
Long-Term Debt: $21.26B
Book Value: $10.24B
D/E Ratio: 2.1
Debt/EBITDA: 16.3

With $44.64B in assets and $21.26B in long-term debt, D/E is 2.1and book value is $10.24B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.86B
TTM Free Cash Flow: $-416.00M
FCF Margin: -2.2%
FCF / Net Income: -0.1

TTM FCF of $-416.00M on $1.86B in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 112% — a weakening trend.