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ROYAL CARIBBEAN CRUISES LTD

CIK: 884887 SIC: 4400
$17.93B
Revenue
$4.27B
Net Income
49.36%
Gross Margin
27.37%
Op. Margin
$4.54B
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 7 of 48 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
+ Total Revenue $4.26B $5.14B $4.54B $4.00B $3.76B $4.89B $4.11B
Revenue Growth % (YoY) 13.3% 5.2% 10.4% nan% nan% nan% nan%
Cost of Revenue $2.24B $2.48B $2.28B $2.08B $2.05B $2.39B $2.15B
+ Gross Profit $2.02B $2.66B $2.25B $1.92B $1.71B $2.50B $1.96B
Gross Margin % 47.4% 51.8% 49.7% 48.0% 45.4% 51.1% 47.6%
Selling General & Admin $630.00M $522.00M $508.00M $562.00M $673.00M $451.00M $466.00M
+ Operating Income $933.00M $1.70B $1.33B $945.00M $624.00M $1.63B $1.10B
Operating Margin % 21.9% 33.1% 29.3% 23.6% 16.6% 33.4% 26.7%
Interest Expense $155.00M $709.00M $443.00M $279.00M $212.00M $998.00M $621.00M
Other Income/Expense $71.00M $-36.00M $-6.00M $-11.00M $140.00M $-26.00M $-3.00M
+ Net Income $754.00M $1.57B $1.21B $730.00M $552.00M $1.11B $854.00M
Net Margin % 17.7% 30.6% 26.7% 18.3% 14.7% 22.7% 20.8%
Basic EPS 2.78 5.79 4.45 2.71 2.02 4.22 3.32
Diluted EPS 2.78 5.74 4.41 2.70 2.03 4.21 3.11
Basic Shares Outstanding - 272.0M 272.0M 269.0M - 263.0M 257.0M
Diluted Shares Outstanding - 274.0M 275.0M 276.0M - 264.0M 281.0M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Cash & Cash Equivalents $825.00M $432.00M $735.00M $386.00M $388.00M $418.00M $391.00M
Accounts Receivable $317.00M $356.00M $431.00M $427.00M $371.00M $441.00M $412.00M
Inventory $264.00M $269.00M $247.00M $256.00M $265.00M $265.00M $242.00M
Other Current Assets $690.00M $652.00M $785.00M $723.00M $670.00M $667.00M $790.00M
Total Current Assets $2.21B $1.89B $2.45B $1.83B $1.71B $1.83B $1.89B
Property Plant & Equipment $35.70B - - - $31.83B - -
Goodwill $808.00M $808.00M $808.00M $808.00M $808.00M $809.00M $809.00M
Intangible Assets $390.00M - - - $404.00M - -
Other Non-current Assets $2.28B $2.17B $2.28B $2.25B $2.05B $2.07B $1.93B
Total Assets $41.62B $40.11B $38.54B $37.45B $37.07B $37.07B $36.97B
Accounts Payable $953.00M $828.00M $959.00M $956.00M $919.00M $851.00M $821.00M
Short-term Debt $3.18B - - - $1.60B - -
Accrued Liabilities $2.03B $1.85B $1.70B $1.50B $1.64B $1.48B $1.41B
Deferred Revenue $5.74B $5.60B $6.38B $6.33B $5.50B $5.32B $6.25B
Total Current Liabilities $12.05B $11.47B $10.57B $10.30B $9.82B $9.63B $9.89B
Long-term Debt $18.16B $17.20B $17.61B $17.99B $18.47B $18.97B $19.79B
Other Non-current Liabilities $554.00M $536.00M $358.00M $362.00M $375.00M $592.00M $522.00M
Total Liabilities $31.37B $29.82B $29.18B $29.31B $29.34B $29.84B $30.79B
Common Stock $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M $3.00M
Retained Earnings $5.92B $5.44B $4.14B $3.14B $2.61B $2.21B $1.20B
Total Stockholders Equity $10.04B $10.09B $9.17B $7.96B $7.56B $7.04B $6.01B
Total Liabilities & Equity $41.62B $40.11B $38.54B $37.45B $37.07B $37.07B $36.97B
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Net Income $754.00M $1.57B $1.94B $730.00M $552.00M $2.33B $1.21B
Depreciation & Amortization $453.00M $435.00M $829.00M $412.00M $410.00M $410.00M $393.00M
Stock-based Compensation $39.00M $136.00M $92.00M $53.00M $158.00M $109.00M $83.00M
Change in Receivables $-31.00M $34.00M $51.00M $77.00M $-65.00M $13.00M $16.00M
Change in Inventory - $4.00M $-17.00M $-9.00M - $17.00M $-6.00M
Change in Payables $127.00M $-100.00M $24.00M $22.00M $67.00M $53.00M $18.00M
Operating Cash Flow $1.62B $4.84B $3.37B $1.63B $1.47B $3.80B $2.90B
Capital Expenditure $1.51B $3.72B $1.26B $428.00M $552.00M $2.72B $2.38B
Investing Cash Flow $-1.48B $-3.53B $-1.15B $-440.00M $-641.00M $-2.81B $-2.49B
Debt Repayment $459.00M $3.08B $1.95B $1.22B $1.68B $9.97B $4.97B
Stock Repurchased $504.00M $655.00M $241.00M $241.00M - - -
Dividends Paid $272.00M $552.00M $348.00M $148.00M $107.00M - -
Financing Cash Flow $254.00M $-1.27B $-1.89B $-1.19B $-852.00M $-1.07B $-511.00M
Net Change in Cash $393.00M $44.00M $347.00M $-2.00M $-30.00M $-79.00M $-106.00M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $5.14B $4.89B $13.68B $12.72B
Cost of Revenue $2.48B $2.39B $6.84B $6.60B
Selling General & Admin $522.00M $451.00M $1.59B $1.45B
Operating Income $1.70B $1.63B $3.98B $3.48B
Interest Expense $248.00M $603.00M $709.00M $998.00M
Other Income/Expense $-36.00M $-26.00M $-54.00M $-37.00M
Net Income $1.57B $1.11B $3.51B $2.33B
Basic EPS 5.79 4.22 12.97 8.98
Diluted EPS 5.74 4.21 12.83 8.91
Basic Shares Outstanding $272.00M $263.00M $271.00M $259.00M
Diluted Shares Outstanding $274.00M $264.00M $275.00M $280.00M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $432.00M $388.00M
Accounts Receivable $356.00M $371.00M
Inventory $269.00M $265.00M
Other Current Assets $652.00M $670.00M
Total Current Assets $1.89B $1.71B
Goodwill $808.00M $808.00M
Other Non-current Assets $2.17B $2.05B
Total Assets $40.11B $37.07B
Accounts Payable $828.00M $919.00M
Accrued Liabilities $1.85B $1.64B
Deferred Revenue $5.60B $5.50B
Total Current Liabilities $11.47B $9.82B
Long-term Debt $17.20B $18.47B
Other Non-current Liabilities $536.00M $375.00M
Total Liabilities $29.82B $29.34B
Common Stock $3.00M $3.00M
Retained Earnings $5.44B $2.61B
Total Stockholders Equity $10.09B $7.56B
Total Liabilities & Equity $40.11B $37.07B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $1.57B $1.11B $3.51B $2.33B
Depreciation & Amortization $435.00M $410.00M $1.26B $1.19B
Stock-based Compensation - - $136.00M $109.00M
Change in Receivables - - $34.00M $13.00M
Change in Inventory - - $4.00M $17.00M
Change in Payables - - $-100.00M $53.00M
Operating Cash Flow - - $4.84B $3.80B
Capital Expenditure - - $3.72B $2.72B
Investing Cash Flow - - $-3.53B $-2.81B
Debt Repayment - - $3.08B $9.97B
Stock Repurchased - - $655.00M -
Dividends Paid - - $552.00M -
Financing Cash Flow - - $-1.27B $-1.07B
Net Change in Cash - - $44.00M $-79.00M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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