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Royal Caribbean Cruises Ltd (RCL) stock

RCLNYSEWater TransportationFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 13/3039% above fair value
$323.27+1.28 (+0.40%)

Close on Nov 13, 2026Market cap $86.47BP/E 19.1Yield 1.08%

Royal Caribbean Cruises statistics

110 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings
Jan 28, 2027 (estimated, before the open)
Last ex-dividend date
Sep 17, 2026
Fundamentals through
Sep 30, 2026
Share price as of
Nov 13, 2026

Valuation ratiosIndustry

Market Cap
$86.47B
$880.89M
Enterprise Value
$108.17B
$1.34B
PE Ratio
19.12
12.07
PS Ratio
4.52
1.96
PB Ratio
7.38
1.06
P/TBV Ratio
7.93
1.06
P/FCF Ratio
57.26
12.15
P/OCF Ratio
12.54
5.93

Enterprise valuationIndustry

EV / Sales
5.65
2.39
EV / EBITDA
15.15
9.66
EV / EBIT
20.51
12.94
EV / FCF
71.64
14.63

Share statisticsIndustry

Shares Outstanding
267M
39M
Shares Change (YoY)
-2.09%
0.80%
Float
251M
34M
Shares Held by Insiders
6.22%
22.6%
Shares Held by Institutions
88.8%
31.6%

Short sellingIndustry

Short Interest
12M
–
Short Interest Change
-5.54%
-2.76%
Short % of Float
4.59%
4.15%
Short % of Shares Outstanding
4.30%
3.46%
Days to Cover
4.97
3.09

Stock price statisticsIndustry

52-Week High
$356.39
–
52-Week Low
$222.22
–
20-Day Moving Average
$309.40
–
50-Day Moving Average
$281.37
–
200-Day Moving Average
$288.32
–
Average True Range (14)
$11.50
–
Price Change (1 Week)
-1.19%
2.81%
Price Change (1 Month)
15.4%
-2.50%
Price Change (3 Months)
7.12%
-1.48%
Price Change (6 Months)
24.2%
3.68%
Price Change (YTD)
15.9%
34.9%
Price Change (1 Year)
22.7%
31.8%
Price Change (3 Years)
214.4%
47.9%
Price Change (5 Years)
282.3%
71.0%
Price Change (10 Years)
284.6%
102.6%
Average Volume (10 Days)
2M
–
Average Volume (20 Days)
2M
–
Average Volume (90 Days)
2M
–
Relative Volume
0.54
0.72
Relative Strength Index (14)
59.3
46.4
Volatility (1 Year)
47.8%
42.5%
Beta (5 Years)
1.58
0.69

MarginsIndustry

Gross Margin
49.1%
49.1%
Operating Margin
27.6%
23.2%
Pretax Margin
24.4%
13.6%
Profit Margin
23.8%
16.1%
EBITDA Margin
37.3%
31.1%
FCF Margin
7.89%
11.3%

Returns on capitalIndustry

Return on Equity (ROE)
41.7%
10.2%
Return on Assets (ROA)
10.7%
4.27%
Return on Invested Capital (ROIC)
16.4%
7.74%
Return on Capital Employed (ROCE)
15.8%
7.66%

Financial positionIndustry

Current Ratio
0.22
1.70
Quick Ratio
0.11
1.08
Debt / Equity
1.91
0.72
Debt / EBITDA
3.13
3.33
Debt / FCF
14.80
4.22
Net Debt / EBITDA
3.01
2.90
Interest Coverage
4.92
2.03

GrowthIndustry

Revenue Growth (YoY)
9.74%
1.99%
Net Income Growth (YoY)
11.9%
-2.07%
EPS Growth (YoY)
13.9%
-12.3%
FCF Growth (YoY)
-25.8%
-29.3%
Revenue Growth (3Y CAGR)
26.6%
2.32%
Revenue Growth (5Y CAGR)
52.0%
10.00%

EfficiencyIndustry

Asset Turnover
0.45
0.26
Inventory Turnover
34.02
28.16
Revenue Per Employee
$177.17K
$1.34M
Profits Per Employee
$42.14K
$199.40K
Employee Count
108,000
481
WACC
11.4%
7.93%

Income statement (TTM)Industry

Revenue
$19.13B
$392.54M
Gross Profit
$9.39B
$632.15M
Operating Income
$5.27B
$95.60M
Pretax Income
$4.67B
$116.88M
Net Income
$4.55B
$74.23M
EBITDA
$7.14B
$136.68M
EPS (Diluted)
$16.91
$1.38

Balance sheetIndustry

Cash & Short-Term Investments
$851.00M
$108.44M
Total Debt
$22.36B
$548.59M
Net Cash (Debt)
-$21.50B
-$75.11M
Net Cash Per Share
-$80.40
-$3.88
Equity (Book Value)
$11.71B
$682.75M
Book Value Per Share
$43.79
$17.19
Tangible Book Value
$10.91B
$682.75M
Working Capital
-$8.94B
$98.83M

Cash flow (TTM)Industry

Operating Cash Flow
$6.90B
$131.02M
Capital Expenditures
-$5.39B
-$39.96M
Free Cash Flow
$1.51B
$50.90M
FCF Per Share
$5.65
$1.54

Dividends and yieldsIndustry

Earnings Yield
5.26%
6.91%
FCF Yield
1.75%
6.06%
Dividend Yield
1.08%
2.40%
Buyback Yield
1.78%
0.00%
Shareholder Yield
2.86%
1.27%
Dividend Per Share
$3.50
$1.02
Dividend Growth (YoY)
268.4%
-30.0%
Years of Dividend Growth
2
0
Payout Ratio
29.6%
27.8%
FCF Payout Ratio
89.2%
61.0%

Taxes and interestIndustry

Interest Expense
$1.07B
$23.41M
Income Tax
$82.00M
$323.10K
Effective Tax Rate
1.76%
1.44%

Scores and fair valueIndustry

Graham Number
$129.08
$25.06
Graham Upside
-60.1%
36.4%
Altman Z-Score
2.42
1.21
Piotroski F-Score
9
5
Beneish M-Score
-2.86
–

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodRCLS&P 500DifferenceRCL per yearS&P 500 per year
1 month+14.8%-3.0%+17.9 pts
3 months+4.9%-2.8%+7.7 pts
Year to date+17.8%+11.5%+6.3 pts
1 year+28.9%+13.5%+15.5 pts
3 years+241.9%+77.7%+164.2 pts+50.6%+21.1%
5 years+295.4%+72.6%+222.8 pts+31.6%+11.5%
10 years+344.1%+308.2%+36.0 pts+16.1%+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

12M RCL shares were sold short on Oct 30, 2026, down 5.5% from the previous report, or 4.59% of the shares available to trade. At recent volumes it would take 5.0 days to buy them back. Over the last 20 sessions, 58.2% of the volume reported to FINRA was short selling.

Settlement dateShares shortChangeAvg. daily volumeDays to cover
Oct 30, 202611,505,015-5.5%2,315,5545.0
Oct 15, 202612,179,216+7.4%2,159,5465.6
Sep 30, 202611,338,621+11.5%4,127,8832.8
Sep 15, 202610,170,684-7.3%2,059,4644.9
Aug 31, 202610,977,220+2.5%1,562,7067.0
Aug 14, 202610,704,459-8.6%1,530,7697.0
Jul 31, 202611,705,504-10.5%2,687,1354.4
Jul 15, 202613,080,319+3.0%2,208,8075.9
Jun 30, 202612,701,856-0.5%2,955,4314.3
Jun 15, 202612,769,504-5.1%2,493,4625.1
May 29, 202613,460,806+8.6%3,818,3673.5
May 15, 202612,391,503+0.9%2,516,5674.9

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

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