ROYAL CARIBBEAN CRUISES LTD
Company Stats
- Market Cap
- $71.1B
- as of Sep 30, 2026
- Enterprise Value
- $91.6B
- Shares Outstanding
- 267.5M
- Free Float
- 73.1%
Income Statement
- Revenue
- $17.9B
- Operating Income
- $4.9B
- Net Income
- $4.3B
- EBITDA
- $6.6B
- Revenue Growth, 3Y
- 26.6%
- FCF Margin, 3Y Avg
- 7.7%
- FCF Margin, Worst Year
- 4.2%
Cash Flow
- Free Cash Flow
- $1.2B
- FCF Yield
- 1.7%
- Owner FCF Yield
- 1.5%
Balance Sheet
- Cash & Equivalents
- $825.0M
- Total Debt
- $21.3B
- Net Debt
- $20.5B
- Net Debt / EBITDA
- 3.10x
- EV / EBITDA
- 13.82x
- Net Debt / EBIT
- 4.18x
Returns & Capital
- Dividends Paid
- $824.0M
- Dividend Yield
- 1.2%
- Dividend Payout, 3Y Avg
- 7.7%
- Share Repurchases
- $1.2B
- Buyback Yield, 3Y Avg
- 0.5%
- SBC, 3Y Avg
- $189.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $17.9B | $1.2B | 6.9% |
| FY2024 | $16.5B | $2.0B | 12.1% |
| FY2023 | $13.9B | $580.0M | 4.2% |
| FY2022 | $8.8B | -$2.2B | -25.2% |
| FY2021 | $1.5B | -$4.1B | -268.1% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 24, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges