To the full analysis
Royal Caribbean Cruises stock: growth
RCLRoyal Caribbean Cruises reported $17.94B in revenue for fiscal 2025, up 8.8% on the prior year, up 52% a year on average over up to five years.
Daily figure as of 12 Nov 2026
Revenue (Annual rate)
6.7%
per year from 2006 to 2025, per share 5.3%
Earnings (Annual rate)
10.6%
per year from 2006 to 2025, per share 9.1%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 52.0% | 8.0% | 6.7% |
| Revenue per share | 45.1% | 5.8% | 5.3% |
| Earnings | no data | 20.4% | 10.6% |
| Earnings per share | no data | 17.9% | 9.1% |
| Free cash flow | no data | 14.0% | no data |
| Free cash flow per share | no data | 11.6% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $5.23B | $633.92M | −$232.07M |
| 2007 | $6.15B | $603.41M | −$48.69M |
| 2008 | $6.53B | $573.72M | −$1.15B |
| 2009 | $5.89B | $162.42M | −$1.63B |
| 2010 | $6.75B | $515.65M | −$524.17M |
| 2011 | $7.54B | $607.42M | $282.11M |
| 2012 | $7.69B | $18.29M | $90.24M |
| 2013 | $7.96B | $473.69M | $648.29M |
| 2014 | $8.07B | $764.15M | −$67.64M |
| 2015 | $8.3B | $665.78M | $333.03M |
| 2016 | $8.5B | $1.28B | $22.33M |
| 2017 | $8.78B | $1.63B | $2.31B |
| 2018 | $9.49B | $1.81B | −$180.89M |
| 2019 | $10.95B | $1.88B | $691.7M |
| 2020 | $2.21B | −$5.8B | −$5.7B |
| 2021 | $1.53B | −$5.26B | −$4.11B |
| 2022 | $8.84B | −$2.16B | −$2.23B |
| 2023 | $13.9B | $1.7B | $580M |
| 2024 | $16.49B | $2.88B | $2B |
| 2025 | $17.94B | $4.27B | $1.24B |
Revenue by region
Where Royal Caribbean Cruises Ltd. generates its revenue.
- North America64%
- Europe16%
- Asia Pacific10%
- Other10%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| North America | $5.4B | $6.39B | $1.34B | $1.04B | $5.72B | $8.71B | $10.59B | $11.54B | 64.4% |
| Europe | $1.91B | $1.94B | $18.6M | $180.26M | $1.75B | $2.69B | $2.7B | $2.95B | 16.5% |
| Asia Pacific | $1.46B | $1.53B | $411.87M | $128.35M | $372.24M | $993M | $1.38B | $1.72B | 9.6% |
| Other | $716.27M | $1.09B | $435.91M | $183.61M | $997.39M | $1.52B | $1.81B | $1.73B | 9.6% |
| Total revenue | $9.49B | $10.95B | $2.21B | $1.53B | $8.84B | $13.9B | $16.49B | $17.94B | 100% |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Oct 2023)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.