Analisi facoltativa del prodotto
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Royal Caribbean Cruises Ltd.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $72.2B |
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| Revenue (ttm) | 19.1B |
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| Net income (ttm) | 4.6B |
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| EPS (ttm) | $16.9 |
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| Shares out | 267.5M |
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| P/E (trailing) | 17.7x |
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| P/E (forward) | 11.4x |
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| Dividend | $6.00 (2.02%) |
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| Volume | 2,108,247 |
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| Beta | 1.82 |
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Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $1.53B | $8.84B | $13.90B | $16.48B | $17.94B | +85.0% |
| Gross profit | $-1.21B | $2.22B | $6.13B | $7.83B | $8.40B | — |
| Operating income | $-3.87B | $-766.0M | $2.88B | $4.11B | $4.91B | — |
| Net income | $-5.26B | $-2.16B | $1.70B | $2.88B | $4.27B | — |
| EPS (diluted) | $-20.89 | $-8.45 | $6.31 | $10.94 | $15.61 | — |
| EBITDA | $-2.68B | $615.0M | $4.56B | $6.09B | $6.91B | — |
| R&D | — | — | — | — | — | — |
| SG&A | $1.37B | $1.58B | $1.79B | $2.13B | $2.22B | +12.9% |
Recent company headlines from major financial publishers.
In the base case, Royal Caribbean delivers on its guided 6.6% capacity growth and 1.75% to 2.25% net yield growth in FY2026, driving FY2026 revenue to $19,566M and FY2027 revenue to $20,974M. Operating margins remain steady between 27.5% and 28.2% before stabilizing near 27.8% terminal run-rate. Free cash flow expands as reinvestment rates decline from 55% of NOPAT in FY2026 to 28% by FY2030, funding steady balance sheet deleveraging on $22,635M in total debt.
In the bull case, premium destination attach rates (CocoCay and Royal Beach Club expansions) and superior booking momentum drive net yield growth above 3.5%, expanding FY2026 revenue growth toward 11.5% and FY2027 revenue above $21,800M. Unit cost control holds net cruise costs excluding fuel flat to down, driving operating margins above 29.5% and diluted EPS beyond $21.50 in FY2027. Accelerated free cash flow generation enables rapid debt paydown toward net debt of under $18,000M, reducing interest expense and prompting multiple expansion from 11.4x forward P/E toward peer hospitality averages.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 9.0% | $177 | $180 | $183 | $186 | $189 |
| 9.5% | $170 | $172 | $174 | $177 | $179 |
| 10.0% | $163 | $164 | $165 | $169 | $171 |
| 10.5% | $156 | $158 | $160 | $161 | $163 |
| 11.0% | $150 | $152 | $153 | $155 | $157 |
Upcoming earnings date and setup when available.
Il rating riportato dall'edizione di ricerca pubblicata ogni mese. Un rating confronta il prezzo alla data dell'analisi con il valore equo; non indica se la valutazione si è rivelata corretta.
| Anno | gen | feb | mar | apr | mag | giu | lug | ago | set | ott | nov | dic |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
