Wall Street analyst estimates for Royal Caribbean Cruises Ltd. (RCL): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels.
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-27 | $6.35 | ||
| 2026-07-28 | $4.21 | $3.98 | +5.8% |
| 2026-04-30 | $3.60 | $3.24 | +11.1% |
| 2026-01-29 | $2.80 | $2.80 | +0.0% |
| 2025-10-28 | $5.75 | $5.69 | +1.1% |
| 2025-07-29 | $4.38 | $4.09 | +7.1% |
| 2025-04-29 | $2.71 | $2.55 | +6.3% |
| 2025-01-28 | $1.63 | $1.50 | +8.7% |
Valuation Ratios
| P/E Ratio | 15.24 |
| Price / Book | 6.52 |
| EV / EBITDA | 12.40 |
| Dividend Yield | 2.02% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.50B | $8.78B | $9.49B | $10.95B | $2.21B | $1.53B | $8.84B | $13.90B | $16.48B | $17.93B |
| Cost of Revenue | $5.02B | $4.90B | $5.26B | $6.06B | $2.77B | $2.74B | $6.62B | $7.78B | $8.65B | $9.54B |
| Gross Profit | $3.48B | $3.88B | $4.23B | $4.89B | -$556.3M | -$1.21B | $2.22B | $6.12B | $7.83B | $8.40B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.11B | $1.19B | $1.30B | $1.56B | $1.20B | $1.37B | $1.58B | $1.79B | $2.12B | $2.22B |
| Operating Expenses | $2.00B | $2.14B | $2.34B | $2.81B | $4.05B | $2.66B | $2.99B | $3.25B | $3.73B | $3.49B |
| Operating Income | $1.48B | $1.74B | $1.89B | $2.08B | -$4.60B | -$3.87B | -$766.0M | $2.88B | $4.11B | $4.91B |
| EBITDA | $2.49B | $2.88B | $3.18B | $3.56B | -$3.65B | -$2.67B | $615.0M | $4.56B | $6.09B | $6.91B |
| Interest Expense | $307.4M | $300.0M | $333.7M | $408.5M | $844.2M | $1.29B | $1.36B | $1.40B | $1.59B | $992.0M |
| Pre-tax Income | $1.28B | $1.63B | $1.82B | $1.91B | -$5.78B | -$5.26B | -$2.16B | $1.70B | $2.90B | $4.30B |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $15.0M |
| Net Income | $1.28B | $1.63B | $1.81B | $1.88B | -$5.80B | -$5.26B | -$2.16B | $1.70B | $2.88B | $4.27B |
| EPS | $5.96 | $7.57 | $8.60 | $8.97 | $-27.05 | $-20.89 | $-8.45 | $6.63 | $11.00 | $15.73 |
| EPS (Diluted) | $5.93 | $7.53 | $8.56 | $8.95 | $-27.05 | $-20.89 | $-8.45 | $6.31 | $10.94 | $15.61 |
| Shares Outstanding (Diluted) | $216.3M | $215.7M | $211.6M | $209.9M | $214.3M | $251.8M | $255.0M | $283.0M | $279.0M | $273.0M |
Price
| Price | $253.92 |
| Market Cap | $68.1B |
| Exchange | NYSE |
| Country | US |
Related companies: ABNB · AZO · CCL · CVNA · GM · HLT · MAR
Explore sector: Consumer Cyclical · Travel Services
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