Royal Caribbean Group (RCL) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Royal Caribbean is the world's second-largest cruise company by revenues, operating 71 ships across five global and partner brands in the cruise vacation industry. Brands the company operates inclu...
Royal Caribbean Group's revenue increased 8.8% year over year, from $16.48B to $17.93B.
Net income increased 48.3% over the same period, from $2.88B to $4.27B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 111% in total.
Total debt increased by 6.3% to $21.34B.
The debt-to-equity ratio stands at 2.13, indicating a high leverage profile.
Operating cash flow grew 22.8% to $6.46B.
Royal Caribbean Group maintains a strong net profit margin of 23.8%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $4.89B+18.9% | $1.11B | $2.50B | $1.63B | $897.0M | $37.07B | $20.84B | $7.04B |
| Q4 FY2024 | $3.76B-23.0% | $552.0M | $1.71B | $624.0M | $1.47B | $37.07B | $20.08B | $7.56B |
| Q1 FY2025 | $4.00B+6.4% | $730.0M | $1.92B | $945.0M | $1.63B | $37.45B | $19.39B | $7.96B |
| Q2 FY2025 | $4.54B+13.5% | $1.21B | $2.25B | $1.33B | $1.75B | $38.54B | $19.01B | $9.17B |
| Q3 FY2025 | $5.14B+13.2% | $1.57B | $2.66B | $1.70B | $1.47B | $40.11B | $20.28B | $10.09B |
| Q4 FY2025 | $4.26B-17.1% | $754.0M | $2.02B | $933.0M | $1.62B | $41.62B | $21.34B | $10.04B |
| Q1 FY2026 | $4.45B+4.5% | $941.0M | $2.21B | $1.16B | $1.83B | N/A | N/A | N/A |
| Q2 FY2026 | $4.83B+8.5% | $1.13B | $2.28B | $1.31B | $1.86B | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Royal Caribbean Group (RCL) Financial Statements & Revenue History
Royal Caribbean Group (RCL) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Travel Services industry trading at $277.11 with a market capitalization of $74. This page provides 42 historical financial statements for Royal Caribbean Group, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Royal Caribbean Group reported revenue of $17.9 billion, representing 8.8% year-over-year growth. The net profit margin of 23.8% reflects strong profitability. The debt-to-equity ratio of 2.13 signals high leverage.
RCL Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Royal Caribbean Group's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether RCL is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track RCL's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Royal Caribbean Group converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of RCL's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use RCL Financial Data
Investors use Royal Caribbean Group's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare RCL's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how RCL's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View RCL's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Royal Caribbean Group's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.RCL trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.