US · USD

RCL

Royal Caribbean Cruises Ltd

$269.99+1.55% ($4.13)Updated 10/1/26, 5:25 PM

Day's range: $263.22 – $270.86
Day's volume: $834.9M
52-week range: $230.30 – $342.37

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RCL in numbers

Market cap: $72.2B

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

10/02/202510/01/2026

Compare with

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 (annualized)	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?

Amount invested

$1,000.00 invested on 09/01/2021 would be worth $3,091.71 today.

Value today in RCL: $3,091.71

Return over the period: +209.17%

Return per year: +25.33%

In the S&P 500: $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/E
16.42
P/B
7.05
EV/EBITDA
10.44
EV/EBIT
14.15
EV/Revenue
3.87
P/EBIT
14.15
P/S
3.87
P/OCF
10.64
P/FCF
-173.58
Earnings yield
7.07%
PEG ratio
—
Earnings per share
$16.44
Book value per share
$38.27

Debt

Net debt
—
Net debt/EBITDA
—
Net debt/Equity
—
Debt/Equity
—
Current ratio
0.21
Quick ratio
0.19
Cash ratio
0.08

Efficiency

Gross margin
49.07%
EBITDA margin
37.02%
Operating margin
27.32%
Net margin
23.54%
Asset turnover
0.42

Profitability

ROE
42.97%
ROA
9.85%
ROIC
32.91%
Payout
33.45%

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 $269.99.

Graham's fair price: $119.00; 55.93% below the price

√(22.50 × $16.44 × $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: $11.50; 95.74% below the price

$0.69 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

RCL's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

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	$15.78	$10.69	$6.61	-$8.44	-$20.63	-$24.41	$8.99	$8.66
Book value per share	$37.10	$28.10	$18.41	$11.24	$19.94	$36.88	$58.20	$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's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$17.9B	$16.5B	$13.9B	$8.8B	$1.5B	$2.2B
Cost of revenue	-$9.1B	-$8.7B	-$7.8B	-$6.6B	-$2.7B	-$2.8B
Gross profit	$8.9B	$7.8B	$6.1B	$2.2B	-$1.2B	-$556.3M
EBITDA	$6.6B	$5.7B	$4.3B	$641M	-$2.6B	-$3.3B
EBIT	$4.9B	$4.1B	$2.9B	-$766M	-$3.9B	-$4.6B
Financial result	—	-$1.2B	-$1.2B	-$1.4B	-$1.4B	-$1.2B
Income before tax	$4.4B	$2.9B	$1.7B	—	—	—
Income tax	-$82M	-$46M	-$6M	-$4M	$45M	—
Net income	$4.3B	$2.9B	$1.7B	-$2.2B	-$5.3B	-$5.8B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does RCL pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/16/2026	10/08/2026	$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

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/02/2026	07/02/2026	$1.50
Dividend	03/05/2026	04/03/2026	$1.50
Dividend	12/25/2025	01/14/2026	$1.00
Dividend	09/24/2025	10/13/2025	$1.00
Dividend	06/03/2025	07/03/2025	$0.75
Dividend	03/06/2025	04/04/2025	$0.75
Dividend	12/26/2024	01/13/2025	$0.55
Dividend	09/19/2024	10/11/2024	$0.40
Dividend	03/04/2020	04/06/2020	$0.78
Dividend	12/18/2019	01/06/2020	$0.78
Dividend	09/18/2019	10/11/2019	$0.78
Dividend	05/31/2019	07/03/2019	$0.70

See all 22 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	03/05/2019	04/05/2019	$0.70
Dividend	12/18/2018	01/04/2019	$0.70
Dividend	09/19/2018	10/11/2018	$0.70
Dividend	05/31/2018	07/03/2018	$0.60
Dividend	03/05/2018	04/05/2018	$0.60
Dividend	12/19/2017	01/05/2018	$0.60
Dividend	09/20/2017	10/11/2017	$0.60
Dividend	05/30/2017	07/05/2017	$0.48
Dividend	03/02/2017	04/05/2017	$0.48
Dividend	12/16/2016	01/05/2017	$0.48

About Royal Caribbean Cruises

Sector: Transportation and utilities

Questions about RCL

How much is RCL today?

RCL is at $269.99 (1.55% on the day), last traded on 10/01/2026.

How much did RCL pay in dividends in 2025?

RCL paid $3.05 per share in 2025, a dividend yield of 1.09%.

When is the next RCL dividend?

The next announced payment is $1.50 per share on 10/08/2026.

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 annualized volatility of 34.21% and a largest drawdown of -18.32%.