Royal Caribbean Cruises Ltd (RCL)
Consumer Discretionary · Hotels, Resorts & Cruise Lines · US stock · S&P 500 component
$277.68
▼ -2.33 (0.83%)
Fair valueUndervalued
$478 +72.2% to fair value
$239fair band $287–$669$717
Day's range
$276.19 – $286.75
52-week range
$222.22 – $350.59
About Royal Caribbean Cruises Ltd
Royal Caribbean Group operates cruise lines that carry holidaymakers on ships to destinations around the world. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, covering mainstream, premium and luxury sailings. It also develops private destinations for its guests. Customers are families, couples and groups who book cruises through travel advisers and online.
Revenue comes from cruise tickets and from onboard spending on drinks, dining, excursions, casinos and similar extras. Revenue was $18.7 billion over the last twelve months, with growth of 26.6% a year across the last three years. The operating margin is 27.3%, and the business earns a profit of 13% on the capital invested in it. Net debt is 3.2 times EBITDA. It pays a dividend with a yield of 2.0%. On the site's X-Ray Score it receives 48 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
RCL news
All RCL news →Price chart
52-wk range $222.22 – $350.59Volume 2,141,000Daily, split-adjusted
Vitals
Market cap$74.4B
52-week range$222.22 – $350.59
Volume (last day)2,141,000
P/E (TTM)17.2
EBIT / EV yield5.3%
Free-cash-flow yield-0.6%
Dividend yield2.0%
Revenue (TTM)$18.7B
Net income (TTM)$4.4B
Operating margin27.3%
Return on capital12.5%
Debt incl. leases$22.8B
Cash & securities$875M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$478model spread $399 – $547
Undervalued
+72.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $278
Undervalued < $287Fair $287 – $669Overvalued > $669
10-year DCF (market-scaled)
$687
Peer multiples
$288
Earnings power floor (not blended)
$-325
Fundamentals-adjusted multiple
$459
Growth the price implies
15.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Weak
44/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.3%
Free-cash-flow yield-0.6%
Fair value vs price1.7×
Growth
Strong
79/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)26.6%
Growth consistency100%
Profitability
Weak
38/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.5%
Operating margin27.3%
Gross profitability20.5%
Financial health
Weak
42/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA3.2×
Interest cover5.0×
Dividends
Weak
38/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.0%
Quarterly results: last 6 quarters
+7.3%
Mar '25
+10.4%
Jun '25
+5.2%
Sep '25
+13.3%
Dec '25
+11.3%
Mar '26
+6.5%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.8B, diluted EPS $4.20.
Compare with peers
BKNG Booking Holdings Inc.69 EXPE Expedia Group, Inc.64 CCL Carnival Corp Ltd.57 ABNB Airbnb, Inc.51Other Hotels, Resorts & Cruise Lines companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 2 Average · ● 7 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.5B | $8.8B | $13.9B | $16.5B | $17.9B |
| Operating income | −$3.9B | −$766M | $2.9B | $4.1B | $4.9B |
| Net income | −$5.3B | −$2.2B | $1.7B | $2.9B | $4.3B |
| Operating cash flow | −$1.9B | $481M | $4.5B | $5.3B | $6.5B |
| Operating margin | -252.6% | -8.7% | 20.7% | 24.9% | 27.4% |
| Free cash flow | −$4.1B | −$2.2B | $580M | $2.0B | $1.2B |
| Diluted EPS | $-20.89 | $-8.45 | $6.31 | $10.94 | $15.61 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 4 neutral · 5 bearish
Weekly
Neutral
5 bullish · 1 neutral · 6 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 280.4 | Bearish |
| EMA 10 | 276.7 | Bullish |
| SMA 20 | 265.9 | Bullish |
| EMA 20 | 272.2 | Bullish |
| SMA 50 | 273.6 | Bullish |
| EMA 50 | 273.7 | Bullish |
| SMA 100 | 285.3 | Bearish |
| EMA 100 | 278.2 | Bearish |
| SMA 200 | 283.9 | Bearish |
| EMA 200 | 279.7 | Bearish |
Oscillators (daily)
| RSI (14) | 55.10 | Neutral |
| MACD (12, 26) | 4.09 | Bullish |
| Momentum (12) | 4.45 | Bullish |
| Stochastic %K (14) | 67.13 | Neutral |
| Williams %R (14) | -32.87 | Neutral |
| CCI (20) | 61.46 | Neutral |
Pivot points (classic, last session)
S3 263.1 | S2 269.6 | S1 273.7 | Pivot 280.2 | R1 284.2 | R2 290.8 | R3 294.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.50 USD
Yield on today's price
1.98%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 17 Sep 2026 | 1.5000 |
| 3 Jun 2026 | 1.5000 |
| 6 Mar 2026 | 1.5000 |
| 26 Dec 2025 | 1.0000 |
| 25 Sep 2025 | 1.0000 |
| 4 Jun 2025 | 0.7500 |
| 7 Mar 2025 | 0.7500 |
| 27 Dec 2024 | 0.5500 |
| 20 Sep 2024 | 0.4000 |
| 5 Mar 2020 | 0.7800 |
| 19 Dec 2019 | 0.7800 |
| 19 Sep 2019 | 0.7800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
RCL SEC filings
23 Sep 2026
8-KSEC EDGAR
Other events
20 Aug 2026
8-KSEC EDGAR
Entered a material agreement
10 Aug 2026
424B5SEC EDGAR
424B5
7 Aug 2026
8-KSEC EDGAR
Entered a material agreement
6 Aug 2026
424B5SEC EDGAR
424B5
28 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations
20 Jul 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.