US · USD
RCL
Royal Caribbean Cruises Ltd
- Day's range
- US$263.22 – US$270.86
- Day's volume
- US$834.9m
- 52-week range
- US$230.30 – US$342.37
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See how RCL weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountRCL in numbers
- Market cap
- US$72.2bn
- P/E
- 16.42
- P/B
- 7.05
- Dividend yield (12m)
- 2.04%
The 12-month dividend yield of RCL is 2.04%, above its 5-year average of 0.25%.
RCL price history
RCL risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -16.19% | +198.47% | +209.17% |
| Volatility (annualised) | 34.21% | 39.59% | 49.92% |
| Largest drawdown | -18.32% | -26.52% | -60.75% |
| Positive months | 5/12 | 21/36 | 35/60 |
How much did investing in RCL return?
US$1,000.00 invested on 01/09/2021 would be worth US$3,091.71 today.
- Value today in RCL
- US$3,091.71
- Return over the period
- +209.17%
- Return per year
- +25.33%
- In the S&P 500
- US$1,776.31
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
RCL fundamentals
Valuation
- P/E16.42
- P/B7.05
- EV/EBITDA10.44
- EV/EBIT14.15
- EV/Revenue3.87
- P/EBIT14.15
- P/S3.87
- P/OCF10.64
- P/FCF-173.58
- Earnings yield7.07%
- PEG ratio—
- Earnings per shareUS$16.44
- Book value per shareUS$38.27
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio0.21
- Quick ratio0.19
- Cash ratio0.08
Efficiency
- Gross margin49.07%
- EBITDA margin37.02%
- Operating margin27.32%
- Net margin23.54%
- Asset turnover0.42
Profitability
- ROE42.97%
- ROA9.85%
- ROIC32.91%
- Payout33.45%
Growth
- Revenue CAGR (5 years)188.56%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is RCL's fair price?
Two classic value formulas, with today's numbers. The current price is US$269.99.
- Graham's fair price
- US$119.00
- 55.93% below the price
√(22.50 × US$16.44 × US$38.27)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- US$11.50
- 95.74% below the price
US$0.69 (5-year average) ÷ 6%
Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.
Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.
RCL indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 17.68 | 21.58 | 19.58 | -5.85 | -3.73 | -3.06 | 14.85 | 11.30 |
| P/B | 7.52 | 8.21 | 7.04 | 4.40 | 3.86 | 2.03 | 2.29 | 1.84 |
| EV/EBITDA | 11.38 | 10.88 | 7.67 | 19.69 | — | — | 8.74 | 7.15 |
| Dividend yield | 1.09% | 0.17% | 0.00% | 0.00% | 0.00% | 2.09% | 2.16% | 2.56% |
| Earnings per share | US$15.78 | US$10.69 | US$6.61 | -US$8.44 | -US$20.63 | -US$24.41 | US$8.99 | US$8.66 |
| Book value per share | US$37.10 | US$28.10 | US$18.41 | US$11.24 | US$19.94 | US$36.88 | US$58.20 | US$53.09 |
| ROE | 42.52% | 38.04% | 35.92% | -75.15% | -103.45% | -66.18% | 15.45% | 16.31% |
| ROIC | 48.00% | 53.44% | 60.71% | -17.62% | -107.15% | -55.36% | 10.29% | 10.79% |
| Gross margin | 49.36% | 47.51% | 44.06% | 25.16% | -78.79% | -25.19% | 44.64% | 44.57% |
| EBITDA margin | 36.96% | 34.62% | 31.17% | 7.25% | -168.21% | -150.41% | 30.40% | 30.85% |
| Net margin | 23.80% | 17.45% | 12.21% | -24.39% | -343.41% | -262.47% | 17.16% | 19.08% |
| Net debt/EBITDA | — | — | — | — | — | — | 0.36 | 0.17 |
RCL financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | US$17.9bn | US$16.5bn | US$13.9bn | US$8.8bn | US$1.5bn | US$2.2bn |
| Cost of sales | -US$9.1bn | -US$8.7bn | -US$7.8bn | -US$6.6bn | -US$2.7bn | -US$2.8bn |
| Gross profit | US$8.9bn | US$7.8bn | US$6.1bn | US$2.2bn | -US$1.2bn | -US$556.3m |
| EBITDA | US$6.6bn | US$5.7bn | US$4.3bn | US$641m | -US$2.6bn | -US$3.3bn |
| EBIT | US$4.9bn | US$4.1bn | US$2.9bn | -US$766m | -US$3.9bn | -US$4.6bn |
| Net finance result | — | -US$1.2bn | -US$1.2bn | -US$1.4bn | -US$1.4bn | -US$1.2bn |
| Profit before tax | US$4.4bn | US$2.9bn | US$1.7bn | — | — | — |
| Income tax | -US$82m | -US$46m | -US$6m | -US$4m | US$45m | — |
| Net income | US$4.3bn | US$2.9bn | US$1.7bn | -US$2.2bn | -US$5.3bn | -US$5.8bn |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does RCL pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 16/09/2026 | 08/10/2026 | US$1.50 |
Dividend yield per year
- 1.71%2017
- 2.56%2018
- 2.16%2019
- 2.09%2020
- 0.00%2021
- 0.00%2022
- 0.00%2023
- 0.17%2024
- 1.09%2025
- 1.48%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 02/06/2026 | 02/07/2026 | US$1.50 |
| Dividend | 05/03/2026 | 03/04/2026 | US$1.50 |
| Dividend | 25/12/2025 | 14/01/2026 | US$1.00 |
| Dividend | 24/09/2025 | 13/10/2025 | US$1.00 |
| Dividend | 03/06/2025 | 03/07/2025 | US$0.75 |
| Dividend | 06/03/2025 | 04/04/2025 | US$0.75 |
| Dividend | 26/12/2024 | 13/01/2025 | US$0.55 |
| Dividend | 19/09/2024 | 11/10/2024 | US$0.40 |
| Dividend | 04/03/2020 | 06/04/2020 | US$0.78 |
| Dividend | 18/12/2019 | 06/01/2020 | US$0.78 |
| Dividend | 18/09/2019 | 11/10/2019 | US$0.78 |
| Dividend | 31/05/2019 | 03/07/2019 | US$0.70 |
See all 22 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 05/03/2019 | 05/04/2019 | US$0.70 |
| Dividend | 18/12/2018 | 04/01/2019 | US$0.70 |
| Dividend | 19/09/2018 | 11/10/2018 | US$0.70 |
| Dividend | 31/05/2018 | 03/07/2018 | US$0.60 |
| Dividend | 05/03/2018 | 05/04/2018 | US$0.60 |
| Dividend | 19/12/2017 | 05/01/2018 | US$0.60 |
| Dividend | 20/09/2017 | 11/10/2017 | US$0.60 |
| Dividend | 30/05/2017 | 05/07/2017 | US$0.48 |
| Dividend | 02/03/2017 | 05/04/2017 | US$0.48 |
| Dividend | 16/12/2016 | 05/01/2017 | US$0.48 |
About Royal Caribbean Cruises
- Sector
- Transportation and utilities
Questions about RCL
How much is RCL today?
RCL is at US$269.99 (1.55% on the day), last traded on 01/10/2026.
How much did RCL pay in dividends in 2025?
RCL paid US$3.05 per share in 2025, a dividend yield of 1.09%.
When is the next RCL dividend?
The next announced payment is US$1.50 per share on 08/10/2026.
What are the P/E and P/B of RCL?
RCL trades at a P/E of 16.42 and a P/B of 7.05.
How much did RCL return in 12 months?
RCL returned -16.19% in 12 months, with annualised volatility of 34.21% and a largest drawdown of -18.32%.