
Royal Caribbean's stronger 2026 outlook and healthy demand bolster its case, but premium valuation, debt and heavy spending support patience.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is an American global cruise holding company incorporated in Liberia and based in Miami, Florida, US.
| Revenue (TTM) | $18.39B |
| Gross Profit (TTM) | $9.36B |
| EBITDA | $6.90B |
| Operating Margin | 26.20% |
| Return on Equity | 49.60% |
| Return on Assets | 8.08% |
| Revenue/Share (TTM) | $67.79 |
| Book Value | $36.58 |
| Price-to-Book | 8.34 |
| Price-to-Sales (TTM) | 4.70 |
| EV/Revenue | 5.61 |
| EV/EBITDA | 13.96 |
| Quarterly Earnings Growth (YoY) | 28.90% |
| Quarterly Revenue Growth (YoY) | 11.30% |
| Shares Outstanding | $268.19M |
| Float | $254.41M |
| % Insiders | 1.82% |
| % Institutions | 90.55% |
Volatility is currently contracting

Royal Caribbean's stronger 2026 outlook and healthy demand bolster its case, but premium valuation, debt and heavy spending support patience.

RCL's record pricing, fleet growth, private destinations and river cruises support earnings and cash flow growth through 2028.

Royal Caribbean Cruises remains on a robust growth trajectory, despite higher fuel costs and modest Q2'26 revenue growth of 6.4%. Bookings are at record prices and volumes, supporting strong forward guidance, though 2026 revenue growth was revised slightly down to 9%. Capital returns remain solid with a 2% dividend and $1B in H1'26 buybacks, but nearly $23B in debt poses a risk if travel is disrupted.

In a challenging geopolitical environment, the cruise operator still delivered solid results. Royal Caribbean lowered its top-line guidance, but raised it on the bottom line.

Royal Caribbean Cruises NYSE: RCL reported second-quarter results that exceeded its expectations, citing stronger close-in demand, higher onboard spending and favorable costs, while raising its full-year adjusted earnings outlook despite a modest impact from geopolitical events on European itineraries.

I sailed on Royal Caribbean's Wonder of the Seas, one of the largest cruise ships in the world. It can hold up to 7,000 guests and has eight "neighborhoods" with activities and amenities.

RCL beats Q2 estimates as strong demand and onboard spending lift revenues, but rising costs squeeze profit and send shares lower.

Royal Caribbean Cruises Ltd (NYSE:RCL) shares rose 4.4% on Tuesday after the cruise operator beat second-quarter profit estimates and raised its full-year outlook on strong close-in demand and cost efficiencies. The company posted adjusted earnings per share of $4.21, topping analyst estimates of $3.98, though the figure was down 4% from a year earlier.

While the top- and bottom-line numbers for Royal Caribbean (RCL) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Royal Caribbean (RCL) came out with quarterly earnings of $4.21 per share, beating the Zacks Consensus Estimate of $3.97 per share. This compares to earnings of $4.38 per share a year ago.
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