RCL - NYSE

Royal Caribbean Cruises Ltd.

RCL·NYSE

$286.42

-1.5%

Consumer CyclicalTravel Services

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$76.82B

EPS15.7300

P/E Ratio18.21

Earnings Date08/04/2026

6.46B

Operating Cash Flow

23%

3Y+1244.0%

5Y-273.0%

10Y+157.0%

-5.01B

Investing Cash Flow

45%

3Y+68.0%

5Y+130.0%

10Y+84.0%

-1.02B

Financing Cash Flow

-47%

3Y-158.0%

5Y-111.0%

10Y-518.0%

Royal Caribbean Cruises Ltd. Cash Conversion Engine

RCL · NYSE

FCF Components

Net Income4.29B

Depreciation & Amortization1.72B

Stock-Based Compensation0.00

Change in Working Capital349.00M

Others89.00M

Capital Expenditures-5.23B

Free Cash Flow1.24B

Cash Flow Quality Analysis

FCF Conversion Rate

28.8%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

80.9%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-38.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$349.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Royal Caribbean Cruises Ltd. Cash Flow Statement

RCL • NYSE

Royal Caribbean Cruises Ltd. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	4.3B	2.9B	1.7B	-2.2B	-5.3B	-5.8B	1.9B	1.8B	1.6B	1.3B	665.8M	764.1M	473.7M	18.3M	607.4M	515.7M	162.4M	573.7M	603.4M	633.9M
Depreciation & Amortization	1.7B	1.6B	1.5B	1.4B	1.3B	1.3B	1.2B	1B	951.2M	894.9M	827M	772.4M	754.7M	730.5M	702.4M	643.7M	568.2M	520.4M	483.1M	421.6M
Change in Deferred Taxes	18M	0.0	-8M	-22M	-43M	-8.8M	7.7M	-2.7M	1.7M	2.6M	-10M	-41M	1.5M	28.9M	0.0	0.0	0.0	0.0	0.0	0.0
Stock-Based Compensation	0.0	267M	126M	36M	64M	39.8M	75.9M	46.1M	69.5M	32.7M	36.1M	26.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Cash Items	89M	298M	29M	243M	588M	2.1B	34.5M	152M	-111.2M	41.8M	460.5M	92.2M	67.8M	441.6M	20.5M	182.6M	49.7M	-3.7M	3.7M	17.9M
Change in Working Capital	349M	204M	1.2B	973M	1.5B	-1.3B	444.7M	434.2M	338.2M	261.4M	-33M	129.9M	114.4M	162.4M	125.4M	321.1M	64.5M	-19.1M	178.6M	-125M
Cash from Operating Activities	6.5B	5.3B	4.5B	481M	-1.9B	-3.7B	3.7B	3.5B	2.9B	2.5B	1.9B	1.7B	1.4B	1.4B	1.5B	1.7B	844.9M	1.1B	1.3B	948.5M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-5.2B	-3.3B	-3.9B	-2.7B	-2.2B	-2B	-3B	-3.7B	-564.1M	-2.5B	-1.6B	-1.8B	-763.8M	-1.3B	-1.2B	-2.2B	-2.5B	-2.2B	-1.3B	-1.2B
Acquisitions, Net	(0.0)	-67M	-31M	(0.0)	-70M	-100.6M	-25.6M	-930.1M	-10.4M	-9.2M	-56.2M	-188.6M	-70.6M	(0.0)	-110.7M	(0.0)	-181.7M	-923K	(100M)	-653.3M
Purchase of Investments	-106M	-130M	-86M	-356M	-74M	-161.3M	-68.8M	-98.1M	(0.0)	-323.8M	-178.6M	-68.1M	-17.3M	-10.9M	(0.0)	-91.3M	(0.0)	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	126M	14M	35M	53M	44M	15.9M	7.6M	76.5M	63.2M	110.6M	0.0	0.0	0.0	0.0	16.3M	0.0	110.8M	269.8M	59.4M	0.0
Other Investing Items	197M	5M	56M	26M	185M	32.6M	20M	122.5M	297.7M	-8.2M	105.1M	297.7M	27.2M	39.1M	343.4M	-9.4M	273.9M	-22.6M	-12.6M	-15.2M
Cash from Investing Activities	-5B	-3.4B	-3.9B	-3B	-2.1B	-2.2B	-3.1B	-4.5B	-213.6M	-2.7B	-1.7B	-1.8B	-824.5M	-1.3B	-924.6M	-2.3B	-2.3B	-2B	-1.2B	-1.8B
FINANCING ACTIVITIES
Net Issuance of Common Stock	-1.2B	0.0	0.0	0.0	1.6B	1.4B	-99.6M	-575M	-225M	-300M	-200M	-236.1M	0.0	0.0	0.0	0.0	0.0	0.0	19.6M	-141.6M
Net Issuance of Debt	1B	-1.8B	-2B	2B	1.6B	8.6B	92.7M	2.4B	-2B	973M	280.9M	429.7M	-407M	-2.8M	-600.7M	820M	1.4B	1.2B	119M	1.1B
Cash Paid for Dividends	-264M	-107M	(0.0)	(0.0)	(0.0)	-326.4M	-602.7M	-527.5M	-437.5M	-346.5M	-280.2M	-199M	-143.6M	-117.7M	-21.7M	(0.0)	(0.0)	-128M	-98.3M	-124.5M
Share Repurchases	-1.2B	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-99.6M	-575M	-225M	-300M	-200M	-236.1M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-164.6M
Other Financing Items	-612M	-57M	12M	-268M	-202M	-385.4M	-60.9M	-91.5M	-45.2M	-82.7M	-54.2M	22.8M	-26M	-59.1M	-54.1M	-63M	-56.5M	-552K	-3.8M	7.6M
Cash from Financing Activities	-1B	-1.9B	-2B	1.7B	3B	9.3B	-670.4M	1.2B	-2.7B	243.8M	-253.5M	17.5M	-576.6M	-179.6M	-676.5M	757M	1.3B	1.1B	36.6M	879.7M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	2M	-6M	1M	-2M	0.0	1.2M	1.3M	-20.3M	2.3M	-24.6M	-17.6M	-6.3M	-1.1M	-6.1M	-12.4M	3.2M	-889K	-5.3M	-8.5M	0.0
Net Change in Cash	437M	-109M	-1.4B	-767M	-982M	3.4B	-44.1M	167.7M	-12.5M	11M	-67.7M	-15.4M	9.8M	-67.3M	-157.7M	135.3M	-118.3M	172.1M	126.3M	-20.9M
Cash at Beginning of Period	388M	497M	1.9B	2.7B	3.7B	243.7M	287.9M	120.1M	132.6M	121.6M	189.2M	204.7M	194.9M	262.2M	419.9M	284.6M	402.9M	230.8M	104.5M	125.4M
Cash at End of Period	825M	388M	497M	1.9B	2.7B	3.7B	243.7M	287.9M	120.1M	132.6M	121.6M	189.2M	204.7M	194.9M	262.2M	419.9M	284.6M	402.9M	230.8M	104.5M
Free Cash Flow	1.2B	2B	580M	-2.2B	-4.1B	-5.7B	691.7M	-180.9M	2.3B	22.3M	333M	-67.6M	648.3M	90.2M	282.1M	-524.2M	-1.6B	-1.2B	-48.7M	-232.1M

SEC Filings

RCL - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 28, 2026	May 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 20, 2026	May 20, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 30, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 17, 2026	May 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 13, 2026	February 12, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 11, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	January 29, 2026	January 29, 2026	2026	View Filing

Showing 1 to 10 of 579 filings

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