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Royal Caribbean Group RCL

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Stock XNYS Rating as of
$307.18 −3.36 (1.08%)
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Royal Caribbean Demand Supported by New Hardware and Destination Expansion

Jaime M Katz

Consumer interest in cruise travel has maintained momentum for Royal Caribbean in 2026, exhibiting solid demand and pricing trends. Since the full redeployment of the fleet in mid-2022, occupancy has returned to historical levels, and profits and cash flow growth have surpassed prepandemic levels. Royal Caribbean is expected to report record yields again in 2026, given consumer interest in new hardware and destinations, which support premium prices. On the cost side, expenses (excluding fuel) should be well managed as a result of optimized occupancy and ongoing productivity initiatives, aiding profitability.

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Price vs Fair Value

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RCL is trading at a LOCK|SsnZ<j% premium.
Price
$306.76
Fair Value
L@X
Uncertainty
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1-Star Price
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5-Star Price
#PF
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

If consumer preference for experiences over things persists, yields could rise faster than we currently forecast as demand increases.

Bears

Weakness in consumer spending stemming from an economic downturn could affect discretionary spending and cause pricing to soften intermittently.

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Trading Information

Previous Close Price
$310.54
Day Range
$303.98–310.00
52-Week Range
$222.22–356.39
Bid/Ask
$305.81 / $307.50
Shares Outstanding
267.47M
Market Cap
$82.16B
Volume/Avg
2M / 2M

Key Statistics

Price/Earnings (Normalized)
18.02
Price/Sales
4.33
Dividend Yield (Trailing)
1.79%
Dividend Yield (Forward)
1.95%
Dividend Payment Schedule
Jan, Apr, Jul, Oct
Total Yield
3.66%

Company Profile

Royal Caribbean is the world's second-largest cruise company by revenue, operating 71 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises and is set to close on similar ownership in Sandals in 2027. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. Royal completed the divestiture of its Azamara brand in 2021, plans to launch its new Celebrity River Cruise brand in 2027, and is expected to expand its private destination portfolio.
Sector
Consumer Cyclical
Industry
Travel Services
Stock Style Box
Mid Growth
Total Number of Employees
108,000
Website
https://www.royalcaribbeangroup.com

Competitors

Valuation

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Metric
RCL
WH
CCL
Price/Earnings (Normalized)
 18.0215.5712.16
Price/Book Value
 7.0111.752.75
Price/Sales
 4.333.921.45
Price/Cash Flow
 12.349.925.94
Price/Earnings
RCL
WH
CCL

Financial Strength

Metric
RCL
WH
CCL
Quick Ratio
 0.110.820.15
Current Ratio
 0.221.010.27
Interest Coverage
 5.332.793.64
Quick Ratio
RCL
WH
CCL

Profitability

Metric
RCL
WH
CCL
Return on Assets (Normalized)
 10.85%8.43%6.34%
Return on Equity (Normalized)
 44.59%73.79%25.32%
Return on Invested Capital (Normalized)
 17.21%14.84%11.02%
Return on Assets
RCL
WH
CCL

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