RCLNYSE—64

ROYAL CARIBBEAN CRUISES LTD

Hotels, Motels & Cruise LinesVerified

Score breakdown

Profitability+32Risk penalty-11Missing signals-3

Quality breakdown

Key fields100Profile75Conclusion84AI synthesis40Observations50

ROYAL CARIBBEAN CRUISES LTD (RCL) is currently classified as Hotels, Motels & Cruise Lines within Hotels, Motels & Cruise Lines (Consumer Cyclicals). Classification confidence: 0.92 (verified market data). Capital structure on the latest snapshot: total assets 41,990,000,000 USD, total equity 9,810,000,000, short-term debt 0, long-term debt 19,666,000,000. Net cash position is approximately -19,154,000,000 USD. Profitability profile: revenue 4,452,000,000, gross profit 0, operating income 1,162,000,000, net income 941,000,000. Return on equity ~9.6%. Return on assets ~2.2%. Operating-cash-flow to net-income ratio is 1.95. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current liabilities exceed current assets.; Net cash is negative after subtracting total debt.; Source documents mention dilution or offering risk..

Profile

CompanyROYAL CARIBBEAN CRUISES LTD

ExchangeNYSE

TickerRCL

CIK0000884887

SICWater Transportation

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryHotels, Motels & Cruise Lines

AI analysis

Business. ROYAL CARIBBEAN CRUISES LTD is classified under Consumer Cyclicals / Hotels, Motels & Cruise Lines and appears profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.92 based on verified market data; matched terms: Hotels, Motels & Cruise Lines, Cyclical Consumer Services, Consumer Cyclicals.

Key takeaways

Return on equity is about 9.6%.
Debt to equity is about 2.0x.
Companyfacts coverage was partial; recent filing facts backfilled property_and_equipment, intangible_assets.

Financial snapshot

PeriodQ1 2026

CurrencyUSD

Revenue$4.45B

Gross profit—

Operating income$1.16B

Net income$941.0M

R&D—

SG&A—

D&A—

SBC$38.0M

Operating cash flow$1.83B

CapEx$500.0M

Free cash flow$1.33B

Total assets$41.99B

Total liabilities$31.96B

Total equity$9.81B

Cash & equivalents$512.0M

Long-term debt$19.67B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY2025$17.93B$4.91B$4.27B$1.24B

FY2024$16.48B$4.11B$2.88B$2.00B

FY2025$16.48B$4.11B$2.88B$2.00B

FY2023$13.90B$2.88B$1.70B$580.0M

FY2024$13.90B$2.88B$1.70B$580.0M

PeriodGross %Op %Net %FCF %

FY2025————

FY2024————

FY2025————

FY2023————

FY2024————

PeriodAssetsEquityCashDebt

FY2025$41.62B$10.04B$825.0M—

FY2024$37.07B$7.56B$388.0M—

FY2025$37.07B$7.56B$388.0M—

FY2023$35.13B$4.72B$497.0M—

FY2024$35.13B$4.72B$497.0M—

PeriodOCFCapExFCFSBC

FY2025$6.46B$5.23B$1.24B$175.0M

FY2024$5.26B$3.27B$2.00B$267.0M

FY2025$5.26B$3.27B$2.00B$267.0M

FY2023$4.48B$3.90B$580.0M$126.0M

FY2024$4.48B$3.90B$580.0M$126.0M

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

Q1 2026$4.45B$1.16B$941.0M$1.33B

Q1 2026————

Q3 2025$13.68B$3.98B$3.51B$1.12B

Q2 2025$8.54B$2.27B$1.94B$2.11B

PeriodGross %Op %Net %FCF %

Q1 2026————

Q3 2025————

Q2 2025————

PeriodAssetsEquityCashDebt

Q1 2026$41.99B$9.81B$512.0M—

Q1 2026$41.62B$10.04B$825.0M—

Q3 2025$40.11B$10.09B$432.0M—

Q2 2025$38.54B$9.17B$735.0M—

PeriodOCFCapExFCFSBC

Q1 2026$1.83B$500.0M$1.33B$38.0M

Q1 2026————

Q3 2025$4.84B$3.72B$1.12B$136.0M

Q2 2025$3.37B$1.26B$2.11B$92.0M

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$9.15B

Net cash-$19.15B

Current ratio0.2

Debt/Equity2.0

ROA2.2%

ROE9.6%

Cash conversion1.9%

CapEx/Revenue11.2%

SBC/Revenue0.9%

Asset intensity0.9

Dilution ratio—

Risk assessment

Dilution riskMedium

Liquidity riskHigh

Current liabilities exceed current assets.
Net cash is negative after subtracting total debt.
Source documents mention dilution or offering risk.

Industry benchmarks

Activity: Hotels, Motels & Cruise Lines · cohort 1 companies

MetricRCLActivity

Op margin26.1%11.4% medp25 -0.3% · p75 20.7%top quartile

Net margin21.1%-6.6% medp25 -6.6% · p75 -6.6%top quartile

Gross margin—62.3% medp25 38.0% · p75 78.2%

CapEx / revenue11.2%1.2% medp25 1.2% · p75 1.2%top quartile

Debt / equity200.0%27.4% medp25 1.5% · p75 95.5%top quartile

Observations

IR observations

Mean price target336.01 USD

Median price target337.50 USD

High price target425.00 USD

Low price target256.22 USD

Mean recommendation2.00 (1=strong buy, 5=strong sell)

Strong-buy count8.00

Buy count14.00

Hold count8.00

Sell count0.00

Strong-sell count0.00

Mean EPS estimate17.26 USD

Last actual EPS15.64 USD

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

SEC filingstype companyfacts · CIK 0000884887 · 453 us-gaap concepts

data.sec.gov/CIK0000884887.json

2026-05-01 04:12 UTC#91fe708b

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 04:12 UTCJob: 69dd2797