Royal Caribbean Cruises Past Earnings Performance
Past criteria checks 4/6
Royal Caribbean Cruises has been growing earnings at an average annual rate of 61.7%, while the Hospitality industry saw earnings growing at 31.1% annually. Revenues have been growing at an average rate of 40.2% per year. Royal Caribbean Cruises's return on equity is 38.7%, and it has net margins of 21%.
Key information
61.68%
Earnings growth rate
62.74%
EPS growth rate
| Hospitality Industry Growth | 19.52% |
| Revenue growth rate | 40.18% |
| Return on equity | 38.71% |
| Net Margin | 20.97% |
| Last Earnings Update | 30 Jun 2025 |
Recent past performance updates
Recent updates
Royal Caribbean Cruises: Correction Likely Not Complete - More Uncertainties In H2
Aug 08An Intrinsic Calculation For Royal Caribbean Cruises Ltd. (NYSE:RCL) Suggests It's 44% Undervalued
Jul 16
Investors Appear Satisfied With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Prospects As Shares Rocket 25%
Jul 04Investors Will Want Royal Caribbean Cruises' (NYSE:RCL) Growth In ROCE To Persist
May 27Royal Caribbean Cruises Ltd.'s (NYSE:RCL) 26% Jump Shows Its Popularity With Investors
May 13We Think That There Are Issues Underlying Royal Caribbean Cruises' (NYSE:RCL) Earnings
May 07If EPS Growth Is Important To You, Royal Caribbean Cruises (NYSE:RCL) Presents An Opportunity
Apr 19Royal Caribbean Cruises' Selloff Is Finally Here - Upgrade To Buy
Mar 26Shareholders Should Be Pleased With Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Price
Mar 22Royal Caribbean: Margin Expansion Will Drive Shares Higher
Mar 05Royal Caribbean Cruises: This Company Is Built To Withstand A Slowdown
Feb 19Royal Caribbean Cruises: Fade The Rally - Consumer Spending Trends May Reverse Soon
Feb 10Returns On Capital Are Showing Encouraging Signs At Royal Caribbean Cruises (NYSE:RCL)
Jan 05Royal Caribbean Cruises: Why You Should Disembark
Jan 03Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Intrinsic Value Is Potentially 69% Above Its Share Price
Dec 24These 4 Measures Indicate That Royal Caribbean Cruises (NYSE:RCL) Is Using Debt Reasonably Well
Dec 12Royal Caribbean: No Significant Upside Despite Factoring In Generous Assumptions
Dec 01Here's Why We Think Royal Caribbean Cruises (NYSE:RCL) Might Deserve Your Attention Today
Nov 30Royal Caribbean: Let Your Winners Run - Downgrade To Hold
Nov 19Why We're Not Concerned About Royal Caribbean Cruises Ltd.'s (NYSE:RCL) Share Price
Oct 30Royal Caribbean: A Double Beat On Earnings Is Relatively Likely (Earnings Preview)
Oct 25Royal Caribbean: Don't Overlook This ROA King
Oct 18Royal Caribbean: Peak Travel Remains Far Off
Sep 30Royal Caribbean: Tailwind From Cruise Demand While Sailing Into Recession Uncertainty
Sep 15Returns Are Gaining Momentum At Royal Caribbean Cruises (NYSE:RCL)
Sep 09Royal Caribbean Cruises: Riding The Waves Higher As Demand Soars
Aug 13Royal Caribbean: Buy More As It Dips, Double Digit Growths Ahead
Jul 27Royal Caribbean: Smooth Operator, Shrewd Profiteer
Jun 24Royal Caribbean Cruises: Estimated Earnings Already Priced In
Jun 14Royal Caribbean Keeps Delivering - Fade The Rally Before Adding
May 02Royal Caribbean: Cruising To New Heights - Robust EBITDA Margins Ahead
Feb 16Revenue & Expenses Breakdown
How Royal Caribbean Cruises makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 25 | 17,184 | 3,603 | 2,409 | 0 |
| 31 Mar 25 | 16,756 | 3,247 | 2,364 | 0 |
| 31 Dec 24 | 16,485 | 2,877 | 2,337 | 0 |
| 30 Sep 24 | 16,055 | 2,602 | 2,181 | 0 |
| 30 Jun 24 | 15,330 | 2,500 | 2,122 | 0 |
| 31 Mar 24 | 14,742 | 2,105 | 2,082 | 0 |
| 31 Dec 23 | 13,900 | 1,697 | 1,981 | 0 |
| 30 Sep 23 | 13,172 | 920 | 1,963 | 0 |
| 30 Jun 23 | 12,005 | -56 | 1,931 | 0 |
| 31 Mar 23 | 10,667 | -1,037 | 1,850 | 0 |
| 31 Dec 22 | 8,840 | -2,156 | 1,720 | 0 |
| 30 Sep 22 | 7,219 | -3,013 | 1,785 | 0 |
| 30 Jun 22 | 4,683 | -4,470 | 1,702 | 0 |
| 31 Mar 22 | 2,549 | -5,296 | 1,577 | 0 |
| 31 Dec 21 | 1,532 | -5,260 | 1,410 | 0 |
| 30 Sep 21 | 584 | -5,270 | 1,137 | 0 |
| 30 Jun 21 | 93 | -5,193 | 1,078 | 0 |
| 31 Mar 21 | 218 | -5,485 | 1,114 | 0 |
| 31 Dec 20 | 2,209 | -5,797 | 1,217 | 0 |
| 30 Sep 20 | 4,692 | -4,157 | 1,450 | 0 |
| 30 Jun 20 | 7,913 | -1,927 | 1,548 | 0 |
| 31 Mar 20 | 10,544 | 185 | 1,629 | 0 |
| 31 Dec 19 | 10,951 | 1,879 | 1,663 | 0 |
| 30 Sep 19 | 10,766 | 1,921 | 1,544 | 0 |
| 30 Jun 19 | 10,375 | 1,849 | 1,473 | 0 |
| 31 Mar 19 | 9,906 | 1,842 | 1,363 | 0 |
| 31 Dec 18 | 9,494 | 1,811 | 1,303 | 0 |
| 30 Sep 18 | 9,166 | 1,783 | 1,245 | 0 |
| 30 Jun 18 | 8,939 | 1,726 | 1,219 | 0 |
| 31 Mar 18 | 8,797 | 1,629 | 1,206 | 0 |
| 31 Dec 17 | 8,778 | 1,625 | 1,186 | 0 |
| 30 Sep 17 | 8,683 | 1,598 | 1,129 | 0 |
| 30 Jun 17 | 8,677 | 1,539 | 1,113 | 0 |
| 31 Mar 17 | 8,587 | 1,399 | 1,116 | 0 |
| 31 Dec 16 | 8,496 | 1,283 | 1,100 | 0 |
| 30 Sep 16 | 8,489 | 1,229 | 1,115 | 0 |
| 30 Jun 16 | 8,448 | 765 | 1,114 | 0 |
| 31 Mar 16 | 8,401 | 720 | 1,102 | 0 |
| 31 Dec 15 | 8,299 | 666 | 1,087 | 0 |
| 30 Sep 15 | 8,215 | 569 | 1,085 | 0 |
| 30 Jun 15 | 8,081 | 830 | 1,069 | 0 |
| 31 Mar 15 | 8,002 | 783 | 1,061 | 0 |
| 31 Dec 14 | 8,074 | 764 | 1,040 | 0 |
| 30 Sep 14 | 8,110 | 661 | 1,059 | 0 |
Quality Earnings: RCL has high quality earnings.
Growing Profit Margin: RCL's current net profit margins (21%) are higher than last year (16.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RCL has become profitable over the past 5 years, growing earnings by 61.7% per year.
Accelerating Growth: RCL's earnings growth over the past year (44.1%) is below its 5-year average (61.7% per year).
Earnings vs Industry: RCL earnings growth over the past year (44.1%) exceeded the Hospitality industry 10.6%.
Return on Equity
High ROE: Whilst RCL's Return on Equity (38.71%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/25 17:10 |
| End of Day Share Price | 2025/08/22 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Royal Caribbean Cruises Ltd. is covered by 63 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Marius Magelie | ABG Sundal Collier |
| Kenneth Sivertsen | Arctic Securities ASA |
| John Staszak | Argus Research Company |