Royal Caribbean Group financials
$260.67+7.45%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.93B | $16.48B | $13.90B | $8.84B | $1.53B | $2.21B | $10.95B | $9.49B | $8.78B | $8.50B |
| Gross profit | $8.85B | $7.83B | $6.13B | $2.22B | -$1.21B | -$556.3M | $4.89B | $4.23B | $3.88B | $3.48B |
| Gross margin | 49.4% | 47.5% | 44.1% | 25.2% | −78.8% | −25.2% | 44.6% | 44.6% | 44.2% | 41.0% |
| Operating income | $4.91B | $4.11B | $2.88B | -$766.0M | -$3.87B | -$4.60B | $2.08B | $1.89B | $1.74B | $1.48B |
| Net income | $4.27B | $2.88B | $1.70B | -$2.16B | -$5.26B | -$5.80B | $1.88B | $1.81B | $1.63B | $1.28B |
| Net margin | 23.8% | 17.5% | 12.2% | −24.4% | −343.3% | −262.5% | 17.2% | 19.1% | 18.5% | 15.1% |
| Diluted EPS | $15.61 | $10.94 | $6.31 | $-8.45 | $-20.88 | $-27.05 | $8.95 | $8.56 | $7.53 | $5.93 |
| EBITDA | $6.63B | $5.71B | $4.33B | $641.0M | -$2.58B | -$1.76B | $3.33B | $2.93B | $2.70B | $2.37B |
| Operating cash flow | $6.46B | $5.26B | $4.48B | $481.0M | -$1.88B | -$3.69B | $3.70B | $3.48B | $2.76B | $2.44B |
| Free cash flow | $1.24B | $2.00B | $580.0M | -$2.23B | -$4.11B | -$5.65B | $673.3M | -$180.9M | $2.20B | -$53.6M |
| Diluted shares | 274.4M | 279.0M | 283.0M | 255.0M | 252.0M | 214.3M | 209.9M | 211.6M | 215.7M | 216.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $825.0M | $388.0M | $497.0M | $1.94B | $2.70B | $3.68B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $21.34B | $20.08B | $21.45B | $23.39B | $21.34B | $19.58B |
| Total assets | $41.62B | $37.07B | $35.13B | $33.78B | $32.26B | $32.47B |
| Total liabilities | $31.37B | $29.34B | $30.23B | $30.91B | $27.17B | $23.70B |
| Shareholders' equity | $10.24B | $7.74B | $4.90B | $2.87B | $5.09B | $8.76B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology