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Earnings transcript
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RCL
Royal Caribbean Cruises Ltd.
$277.62
-2.39
(-0.85%)
| Exchange: | NYSE |
| Market Cap: | 74.25B |
| Shares Outstanding: | 107.5M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Travel ServicesView industry performance | |||||
| CEO: | Jason T. Liberty | |||||
| Full Time Employees: | 107975 | |||||
| Address: |
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| Website: | https://www.rclinvestor.com |
Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels. Established in 1968, the company’s corporate headquarters are situated in Miami, Florida.
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Revenue Segmentation
RCL full analysis
Welcome to MARKETSNAP’s SWOT analysis for Royal Caribbean Cruises Ltd., or RCL as it’s known on the ticker. Today, we’re diving deep into this major player in the cruise industry to break down what makes it tick, where it’s vulnerable, and what could shape its future for long-term investors like you. Whether you’ve been eyeing this stock for a while or just curious about the cruise sector, stick around because we’ve got a lot to unpack with some solid insights…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| RCL | Royal Caribbean Cruises Ltd. | 74.3B | 17.3 | 15.6 | 14.6% |
 ABNB | Airbnb, Inc. | 104.0B | 37.5 | 32.7 | 20.7% |
 VIK | Viking Holdings Ltd | 37.2B | 26.9 | 25.8 | 20.1% |
 CCL | Carnival Corporation & plc | 34.8B | 11.4 | 11.5 | 10.8% |
 EXPE | Expedia Group, Inc. | 33.1B | 16.4 | 13.8 | 25.9% |
 TCOM | Trip.com Group Limited | 26.1B | 7.0 | 11.3 | 4.4% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 13,900,000 | 16,485,000 | 17,935,000 |
| Gross Profit | 6,125,000 | 7,833,000 | 8,400,000 |
| EBITDA | 4,561,000 | 6,087,000 | 7,014,000 |
| Operating Income | 2,878,000 | 4,106,000 | 4,909,000 |
| Net Income | 1,697,000 | 2,877,000 | 4,273,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 35,131,000 | 37,070,000 | 41,619,000 |
| Total Liabilities | 30,232,000 | 29,335,000 | 31,374,000 |
| Total Stockholders Equity | 4,724,000 | 7,563,000 | 10,037,000 |
| Total Debt | 22,130,000 | 20,820,000 | 22,635,000 |
| Cash and Cash Equivalents | 497,000 | 388,000 | 825,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 4,477,000 | 5,265,000 | 6,465,000 |
| Capital Expenditure | -3,897,000 | -3,268,000 | -5,229,000 |
| Free Cash Flow | 580,000 | 1,997,000 | 1,236,000 |
| Net Income | 1,704,000 | 2,896,000 | 4,291,000 |
| Net Change in Cash | -1,438,000 | -109,000 | 437,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 26,481,482.920 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 27,798,386.118 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 26,890,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 19,275,327.473 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 19,971,657.171 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 19,491,336.131 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 8,469,803.191 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 9,019,903.653 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 8,640,450.031 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 7,706,355.334 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 8,089,586.288 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 7,825,237.565 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 31.650 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 33.040 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 31.020 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 14 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: RCL has demonstrated robust revenue growth in recent income statements, reflecting a solid recovery in the cruise industry post-pandemic. This aligns with positive industry trends in travel and leisure, as indicated by sector performance metrics showing consistent growth over 1-year and 5-year periods.
- Operational Efficiency: High gross profit margins (as per key metrics TTM) and positive operating income suggest effective cost management and operational scalability, positioning RCL favorably against industry peers.
- Market Position: As a key player in the cruise industry within the consumer cyclical sector, RCL benefits from a strong brand presence and a large market capitalization, providing stability and investor confidence.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates RCL intrinsic value between $334.87 – $455.22 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about RCL valuation
Is Royal Caribbean Cruises Ltd. (RCL) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Royal Caribbean Cruises Ltd. (RCL) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RCL a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RCL trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RCL’s P/E ratio?
You can see RCL’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RCL?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RCL a good long-term investment?
Whether RCL fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RCL
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Daily snapshot
-0.85
Trading Metrics:
| Open: | 282.63 | Previous Close: | 280.01 | |
| Day Low: | 277.07 | Day High: | 286.75 | |
| Year Low: | 222.22 | Year High: | 356.39 | |
| Price Avg 50: | 275.37 | Price Avg 200: | 286.53 | |
| Volume: | 2.14M | Average Volume: | 2.425M |
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