Royal Caribbean Cruises Past Earnings Performance
Past criteria checks 3/6
Royal Caribbean Cruises's earnings have been declining at an average annual rate of -3.5%, while the Hospitality industry saw earnings growing at 37.7% annually. Revenues have been growing at an average rate of 9.4% per year. Royal Caribbean Cruises's return on equity is 39.7%, and it has net margins of 14.3%.
Key information
-3.5%
Earnings growth rate
-3.8%
EPS growth rate
| Hospitality Industry Growth | 21.3% |
| Revenue growth rate | 9.4% |
| Return on equity | 39.7% |
| Net Margin | 14.3% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & 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 |
|---|---|---|---|---|
| 31 Mar 24 | 14,742 | 2,105 | 2,082 | 0 |
| 31 Dec 23 | 13,900 | 1,697 | 1,981 | 0 |
| 30 Sep 23 | 13,173 | 920 | 1,963 | 0 |
| 30 Jun 23 | 12,006 | -57 | 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 |
| 30 Jun 14 | 8,033 | 537 | 1,083 | 0 |
| 31 Mar 14 | 7,936 | 424 | 1,075 | 0 |
| 31 Dec 13 | 7,960 | 474 | 1,064 | 0 |
| 30 Sep 13 | 7,912 | 74 | 1,057 | 0 |
| 30 Jun 13 | 7,827 | 76 | 1,055 | 0 |
Quality Earnings: RCL * has high quality earnings.
Growing Profit Margin: RCL * became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RCL * has become profitable over the past 5 years, growing earnings by -3.5% per year.
Accelerating Growth: RCL * has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RCL * has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (35%).
Return on Equity
High ROE: Whilst RCL *'s Return on Equity (39.74%) is high, this metric is skewed due to their high level of debt.