Stocks · Consumer Cyclical · Travel Services
Royal Caribbean Cruises Ltd. RCL
$275.03 -0.98% Close, Oct 5, 2026 · NYSE · Market cap $74.53B
High quality
Next earnings report: Oct 27, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 3.1× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- The shares trade at 17.0× trailing earnings, lower than 83% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth59Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 29%
- EPS growth (TTM, YoY)Top 34%
- FCF growth (TTM, YoY)Bottom 7%
- Revenue growth, 3-year CAGRTop 4%
- Revenue growth accelerationBottom 31%
Quality82Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 18%
- Gross marginTop 27%
- Operating marginTop 3%
- Cash conversion (OCF / net income)Bottom 40%
- Accruals (lower is better)Bottom 48%
- Net debt / EBITDA (lower is better)Bottom 46%
- Interest coverTop 46%
Value34Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 35%
- Free-cash-flow yieldBottom 18%
- EBITDA / enterprise valueBottom 46%
- Sales / enterprise valueBottom 7%
- P/E vs own 5-year history (lower is better)Top 26%
Momentum44Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 33%
- 6-month returnTop 49%
- 1-year return vs S&P 500Bottom 42%
- Distance from 52-week highTop 40%
- Trend checklist (0–4)Bottom 47%
Revisions38Weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 39%
- Consecutive EPS beatsBottom 48%
- Share of analysts rating BuyTop 49%
- Upside to consensus price targetBottom 42%
Stability52Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 36%
- Maximum drawdown, 3 yearsTop 19%
- Beta vs S&P 500 (lower is better)Bottom 21%
- Net debt / EBITDA (lower is better)Bottom 46%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.7% | 8.7% | ↓ |
| EPS growth (YoY) | 36.4% | 21.5% | ↓ |
| Gross margin | 48.8% | 46.6% | ↓ |
| Operating margin | 26.4% | 27.3% | ↑ |
| FCF margin | 20.9% | -2.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.7% | 9.7% | ↓ | Top 29% |
| EPS growth (TTM, YoY) | 21.5% | 36.4% | ↓ | Top 34% |
| Gross margin | 46.6% | 48.8% | ↓ | Top 27% |
| Operating margin | 27.3% | 26.4% | ↑ | Top 3% |
| Net margin | 23.6% | 21.0% | ↑ | — |
| Free-cash-flow margin | -2.2% | 20.9% | ↓ | — |
| Return on invested capital | 14.6% | — | Top 18% | |
| Revenue growth, 3-year CAGR | 26.6% | — | Top 4% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.54×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -6.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.14×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.79%
- Net buyback yield (TTM)
- 2.62%
- Shareholder yield
- 3.41%
- Share count change, 1 year
- -1.8%
- Share count change, 3-year CAGR
- -1.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 28, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +4.5%
- Average 2-day reaction, last 8
- +3.8%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $348.45
- Target vs current price
- +26.7%
- Analysts with a rating
- 53
- Share rating Buy or Strong Buy
- 51%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +5.8% | +5.7% | +6.2% | -3.9% | — |
| Apr 30, 2026 | +11.1% | +3.8% | +13.0% | +10.7% | +20.1% |
| Jan 29, 2026 | +0.0% | +18.6% | +12.7% | +9.4% | -8.8% |
| Oct 28, 2025 | +1.1% | -8.5% | -13.3% | -20.2% | -10.7% |
| Jul 29, 2025 | +7.1% | -5.0% | -10.3% | -2.0% | -10.0% |
| Apr 29, 2025 | +6.3% | +0.1% | +5.8% | +18.1% | +61.5% |
| Jan 28, 2025 | +8.7% | +12.0% | +10.2% | +0.3% | -12.4% |
| Oct 29, 2024 | +3.4% | +3.2% | +0.4% | +18.1% | +16.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $4.21 | $3.98 | +5.8% | $4.83B |
| Apr 30, 2026 | $3.60 | $3.24 | +11.1% | $4.45B |
| Jan 29, 2026 | $2.80 | $2.80 | +0.0% | $4.26B |
| Oct 28, 2025 | $5.75 | $5.69 | +1.1% | $5.14B |
| Jul 29, 2025 | $4.38 | $4.09 | +7.1% | $4.54B |
| Apr 29, 2025 | $2.71 | $2.55 | +6.3% | $4.00B |
| Jan 28, 2025 | $1.63 | $1.50 | +8.7% | $3.76B |
| Oct 29, 2024 | $5.20 | $5.03 | +3.4% | $4.89B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 17.0× | 19.8× | 17th | Top 35% |
| P/E (forward) | 15.5× | — | — | — |
| EV / EBITDA | 13.5× | — | — | Bottom 46% |
| EV / Sales | 5.20× | — | — | Bottom 7% |
| Free-cash-flow yield | -0.56% | — | — | Bottom 18% |
| Earnings yield | 5.88% | — | — | Top 35% |
P/E over the past five years
Range 16.1× – 25.9× since Sep 30, 2023. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -14.1%
- Earnings per share growth (TTM)
- +21.5%
- Change in P/E multiple
- -20.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -5.2%
- 200-day average slope (20 days)
- -0.3%
- Distance from 50-day average
- -2.4%
- Distance from 200-day average
- -4.1%
- RSI (14)
- 58.4
- Relative volume
- 0.91×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 36.2%
- Volatility vs own 5-year history
- 38th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.47
- Correlation with S&P 500
- 0.49
- Current drawdown from 1-year high
- -21.0%
- Maximum drawdown, 3 years
- -37.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 2, 2021 | Jul 14, 2022 | -67.8% | 281 days | 235 days (Jun 21, 2023) |
| Aug 28, 2025 | Sep 23, 2026 | -37.0% | 268 days | Not yet recovered |
| Jan 30, 2025 | Apr 4, 2025 | -35.3% | 45 days | 43 days (Jun 6, 2025) |
| Jul 27, 2023 | Oct 20, 2023 | -27.0% | 60 days | 29 days (Dec 1, 2023) |
| Oct 9, 2020 | Oct 28, 2020 | -25.3% | 13 days | 8 days (Nov 9, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $74.53B
- P/E (TTM)
- 17.0
- EPS, diluted (TTM)
- $16.18
- Revenue (TTM)
- $18.68B
- Dividend yield
- 2.00%
- 52-week range
- $222.22 – $356.39
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.53B | $8.84B | $13.90B | $16.48B | $17.93B |
| Gross profit | -$1.21B | $2.22B | $6.13B | $7.83B | $8.40B |
| Operating income | -$3.87B | -$766.0M | $2.88B | $4.11B | $4.91B |
| Net income | -$5.26B | -$2.16B | $1.70B | $2.88B | $4.27B |
| EPS (diluted) | -$20.89 | -$8.45 | $6.31 | $10.94 | $15.61 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.89B | $3.76B | $4.00B | $4.54B | $5.14B | $4.26B | $4.45B | $4.83B |
| Net income | $1.11B | $552.0M | $730.0M | $1.21B | $1.58B | $754.0M | $941.0M | $1.13B |
| EPS (diluted) | $4.21 | $2.00 | $2.70 | $4.41 | $5.74 | $2.76 | $3.48 | $4.20 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$1.88B | $481.0M | $4.48B | $5.26B | $6.46B |
| Capital expenditure | -$2.23B | -$2.71B | -$3.90B | -$3.27B | -$5.23B |
| Free cash flow | -$4.11B | -$2.23B | $580.0M | $2.00B | $1.24B |
| Dividends paid | $0 | $0 | $0 | -$107.0M | -$264.0M |
| Net share buybacks | $1.62B | $0 | $0 | $0 | -$1.16B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $875.0M
- Total assets
- $44.64B
- Total liabilities
- $34.18B
- Total debt
- $23.52B
- Net debt
- $22.64B
- Shareholders’ equity
- $10.24B
As of Jun 30, 2026 (filed Jul 28, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 17, 2026 | $1.50 | Oct 8, 2026 |
| Jun 3, 2026 | $1.50 | Jul 2, 2026 |
| Mar 6, 2026 | $1.50 | Apr 3, 2026 |
| Dec 26, 2025 | $1.00 | Jan 14, 2026 |
| Sep 25, 2025 | $1.00 | Oct 13, 2025 |
| Jun 4, 2025 | $0.75 | Jul 3, 2025 |
| Mar 7, 2025 | $0.75 | Apr 4, 2025 |
| Dec 27, 2024 | $0.55 | Jan 13, 2025 |
Short interest
- Shares sold short
- 10,170,684
- Days to cover
- 4.94
- Change vs previous report
- -7.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 3, 1998
- 2-for-1