profit from every $100 of sales.
$0$100
Royal Caribbean Cruises
$323.27+0.40% today
+26.4% in 1 year
1-year low $230.301-year high $348.03
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $20.26 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Royal Caribbean Cruises sold, what it kept, and what it did with the cash.
Sales went from $8.84 billion in 2022 to $17.9 billion in 2025, with $4.27 billion of profit last year.
SalesProfit
Royal Caribbean Cruises handed back more cash to shareholders than it generated last year.
Buybacks $1.2B$824M
Free cash flow 2025$1.2B
Bought back its own shares$1.2B
Paid as dividends$824M
Cash vs. debt$825M vs. $22.0B
Royal Caribbean Cruises vs. similar companies
Royal Caribbean Cruises grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Royal Caribbean Cruises | 20.3× · Fair price | ||
 Booking Holdings | 22.0× · Fair price | ||
 Airbnb | 44.4× · Expensive | ||
 Viking Holdings | 35.0× · Expensive | ||
 Carnival | 14.2× · Cheap |
Compare Royal Caribbean Cruises with Airbnb · Amazon · Alibaba · Booking Holdings · Carnival · Carnival Corporation & · Carvana · Home Depot
AI analysis
An AI analyst reads Royal Caribbean Cruises's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 2,209 | 1,532 | 8,840 | 13,900 | 16,485 | 17,934 | |
| -556 | -1,207 | 2,224 | 6,125 | 7,833 | 8,851 | |
| -4,602 | -3,870 | -766 | 2,878 | 4,108 | 4,910 | |
| -3,322 | -2,577 | 615 | 4,567 | 6,133 | 7,083 | |
| -5,797 | -5,260 | -2,156 | 1,697 | 2,877 | 4,268 | |
| -27.05 | -20.89 | -8.45 | 6.31 | 11.00 | 15.61 | |
| -25.2% | -78.8% | 25.2% | 44.1% | 47.5% | 49.4% | |
| -208.3% | -252.6% | -8.7% | 20.7% | 24.9% | 27.4% | |
| -262.5% | -343.3% | -24.4% | 12.2% | 17.5% | 23.8% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 32,465 | 32,258 | 33,776 | 35,131 | 37,070 | 41,619 |
| Cash | 3,684 | 2,702 | 1,935 | 497 | 388 | 825 |
| Total debt | 20,302 | 21,625 | 23,994 | 22,130 | 20,820 | 22,035 |
| Total liabilities | 23,705 | 27,173 | 30,907 | 30,232 | 29,335 | 31,374 |
| 8,761 | 5,086 | 2,869 | 4,724 | 7,563 | 10,037 | |
| 214 | 252 | 255 | 283 | 279 | 274 | |
| -12.5% | -11.4% | -2.3% | 9.2% | 12.6% | 13.2% | |
| -66.2% | -103.4% | -75.1% | 35.9% | 38.0% | 42.5% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -3,732 | -1,878 | 481 | 4,477 | 5,265 | 6,465 | |
| 1,965 | 2,230 | 2,710 | 3,897 | 3,268 | 5,229 | |
| -5,697 | -4,108 | -2,229 | 580 | 1,997 | 1,236 | |
| Dividends paid | 326 | 0 | 0 | 0 | 107 | 824 |
| 0 | 0 | – | 0 | 0 | 1,159 | |
| 40 | 64 | 36 | 126 | 267 | 175 |
Valuation
- 20.3×
- 18.7×
- –
- 8.6×
- 4.8×
- 70.0×
- 15.2×
- 1.4%
- 4.9%
- 1.5%
Profitability
- 49.4%
- 27.4%
- 23.8%
- 38.8%
- 13.5%
- 8.4%
- 45.9%
- 10.7%
- 16.6%
- –
Growth
- +52.0%
- –
- −38.1%
- +35.0%
- +2.4%
Financial health
- 3.0×
- 2.20
- 51.9%
- 5.4×
- 0.18
- 0.17
- 0.44
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 21%of 981
Top 5%of 995
Bottom 46%of 858
Top 3%of 996
Bottom 25%of 982
What analysts expect
- Average price target
- $353.67
- Range
- $296.00 – $425.00
- 11 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 3.60 | 3.24 | +11.1% |
| Jan 29, 2026 | 2.80 | 2.80 | +0.0% |
| Oct 28, 2025 | 5.75 | 5.69 | +1.1% |
| Jul 29, 2025 | 4.38 | 4.09 | +7.1% |
| Apr 29, 2025 | 2.71 | 2.55 | +6.3% |
| Jan 28, 2025 | 1.63 | 1.50 | +8.7% |
| Oct 29, 2024 | 5.20 | 5.03 | +3.4% |
| Jul 25, 2024 | 3.21 | 2.75 | +16.7% |
1.5%of the share price, paid each year
On $1,000 invested$15a year at today's yield, before tax
+35.0%2020 to 2025
Raised2 yearsin a row, in our data
Paid per share, each year
$1.35 in 2015 → $3.50 in 2025
How safe it looks
19.3% of its profit
Room to growStretchedMore than it earns: 66.7%
News
Merlin Properties signals 2026 FFO guidance of €0.58 as it reshapes 704 MW data center plan amid Spain’s Royal DecreeSeeking Alpha · Nov 14, 2026Is Royal Caribbean Stock Increasing Your Market Risk?Yahoo Finance · Nov 4, 2026What Could Go Wrong At Royal Caribbean From Here?Yahoo Finance · Nov 2, 2026Why Royal Caribbean Stock Climbed TodayYahoo Finance · Oct 27, 2026Audemars Piguet says its Royal Pop collaboration with Swatch is breaking sales records, despite luxury watch slump and tariffsCNBC · Sep 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
38No pass
Benjamin Graham
26No pass
Philip Fisher
64Pass
Peter Lynch
83Pass
Joel Greenblatt
34No pass
Charlie Munger
39No pass
Terry Smith
35No pass
Questions about Royal Caribbean Cruises
Is Royal Caribbean Cruises a good stock to buy?
A strong, very profitable business at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Royal Caribbean Cruises AI analysis
What does Royal Caribbean Cruises do?
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. It is in Travel Services, based in Miami, FL, United States, with 107,950 employees.
Does Royal Caribbean Cruises pay a dividend?
Yes. At today's price the dividend is 1.5% a year, about 19% of its yearly profit. In 2025 it paid out $824 million in dividends.
Is Royal Caribbean Cruises stock halal?
Yes. Royal Caribbean Cruises passes our halal screen: its business is permitted and its debt is 25% of its market value, under the 30% limit. How we check
How has Royal Caribbean Cruises stock done over the past year?
Up 26.4% over the past twelve months, to $323.27. It traded between $230.30 and $348.03 and is 7.1% below its high.
Who are Royal Caribbean Cruises's competitors?
The largest listed companies in the same industry are Booking Holdings, Airbnb, Viking Holdings and Carnival. The peers table on this page compares their profit, growth and price with Royal Caribbean Cruises's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.