Royal Caribbean Group (RCL) is trading up at $291.45 (+3.36%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.
Current price targets from 3 firms average $351, median $355, ranging from $330 to $367 — the average is 20% above the current $291. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $8.50B | $8.78B | $9.49B | $11.0B | $2.21B | $1.53B | $8.84B | $13.9B | $16.5B | $17.9B |
| Growth (year over year) | +2.4% | +3.3% | +8.2% | +15.3% | −79.8% | −30.6% | +477.0% | +57.2% | +18.6% | +8.8% |
| Gross profit | $3.48B | $3.88B | $4.23B | $4.89B | −$556.3M | −$1.21B | $2.22B | $6.13B | $7.83B | $8.85B |
| Gross margin | 41.0% | 44.2% | 44.6% | 44.6% | −25.2% | −78.8% | 25.2% | 44.1% | 47.5% | 49.4% |
| Operating income | $1.48B | $1.74B | $1.89B | $2.08B | −$4.60B | −$3.87B | −$766.0M | $2.88B | $4.11B | $4.91B |
| Operating margin | 17.4% | 19.9% | 20.0% | 19.0% | −208.3% | −252.6% | −8.7% | 20.7% | 24.9% | 27.4% |
| Net income | $1.28B | $1.63B | $1.81B | $1.88B | −$5.80B | −$5.26B | −$2.16B | $1.70B | $2.88B | $4.27B |
| Net margin | 15.1% | 18.5% | 19.1% | 17.2% | −262.5% | −343.3% | −24.4% | 12.2% | 17.5% | 23.8% |
| EPS (diluted) | $5.93 | $7.53 | $8.56 | $8.95 | −$27.05 | −$20.89 | −$8.45 | $6.31 | $10.94 | $15.61 |
| Balance sheet | ||||||||||
| Cash and equivalents | $132.6M | $120.1M | $287.9M | $243.7M | $3.68B | $2.70B | $1.94B | $497.0M | $388.0M | $825.0M |
| Total assets | $22.3B | $22.4B | $27.7B | $30.3B | $32.5B | $32.3B | $33.8B | $35.1B | $37.1B | $41.6B |
| Total liabilities | $13.2B | $11.7B | $16.1B | $17.6B | $23.7B | $27.2B | $30.9B | $30.2B | $29.3B | $31.4B |
| Long-term debt | $8.10B | $6.35B | $8.36B | $8.41B | $18.0B | $18.8B | $21.3B | $19.7B | $18.5B | $18.2B |
| Shareholders' equity | $9.12B | $10.7B | $11.1B | $12.2B | $8.76B | $5.09B | $2.87B | $4.72B | $7.56B | $10.0B |
| Cash flow | ||||||||||
| Operating cash flow | $2.52B | $2.87B | $3.48B | $3.72B | −$3.73B | −$1.88B | $481.0M | $4.48B | $5.26B | $6.46B |
| Capital expenditure | $2.49B | $564.1M | $3.66B | $3.02B | $1.97B | $2.23B | $2.71B | $3.90B | $3.27B | $5.23B |
| Free cash flow | $22.3M | $2.31B | −$180.9M | $691.7M | −$5.70B | −$4.11B | −$2.23B | $580.0M | $2.00B | $1.24B |
| Dividends paid | $346.5M | $437.5M | $527.5M | $602.7M | $326.4M | $0 | $0 | $0 | $107.0M | $824.0M |
| Share buybacks | $300.0M | $225.0M | $575.0M | $99.6M | $0 | $0 | — | $0 | $0 | $1.16B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $4.89B | $3.76B | $4.00B | $4.54B | $5.14B | $4.26B | $4.45B | $4.83B |
| Growth (year over year) | +17.5% | +12.9% | +7.3% | +10.4% | +5.2% | +13.3% | +11.3% | +6.5% |
| Gross profit | $2.50B | $1.71B | $1.92B | $2.25B | $2.66B | $2.02B | $2.21B | $2.29B |
| Gross margin | 51.1% | 45.4% | 48.0% | 49.7% | 51.8% | 47.4% | 49.5% | 47.3% |
| Operating income | $1.63B | $623.0M | $945.0M | $1.33B | $1.70B | $934.0M | $1.16B | $1.31B |
| Operating margin | 33.4% | 16.6% | 23.6% | 29.3% | 33.1% | 21.9% | 26.1% | 27.0% |
| Net income | $1.11B | $552.0M | $730.0M | $1.21B | $1.57B | $753.0M | $941.0M | $1.13B |
| Net margin | 22.7% | 14.7% | 18.3% | 26.7% | 30.6% | 17.7% | 21.1% | 23.3% |
| EPS (diluted) | $4.21 | $2.27 | $2.70 | $4.41 | $5.74 | $2.76 | $3.48 | $4.20 |
| Balance sheet | ||||||||
| Cash and equivalents | $418.0M | $388.0M | $386.0M | $735.0M | $432.0M | $825.0M | $512.0M | $875.0M |
| Total assets | $37.1B | $37.1B | $37.5B | $38.5B | $40.1B | $41.6B | $42.0B | $44.6B |
| Total liabilities | $29.8B | $29.3B | $29.3B | $29.2B | $29.8B | $31.4B | $32.0B | $34.2B |
| Long-term debt | $19.0B | $18.5B | $18.0B | $17.6B | $17.2B | $18.2B | $19.7B | $21.3B |
| Shareholders' equity | $7.04B | $7.56B | $7.96B | $9.17B | $10.1B | $10.0B | $9.81B | $10.2B |
| Cash flow | ||||||||
| Operating cash flow | $897.0M | $1.47B | $1.63B | $1.75B | $1.47B | $1.62B | $1.83B | $1.86B |
| Capital expenditure | $334.0M | $552.0M | $428.0M | $836.0M | $2.46B | $1.51B | $500.0M | $2.74B |
| Free cash flow | $563.0M | $915.0M | $1.20B | $910.0M | −$989.0M | $116.0M | $1.33B | −$877.0M |
| Dividends paid | $0 | $107.0M | $148.0M | $200.0M | $204.0M | $272.0M | $270.0M | $404.0M |
| Share buybacks | $0 | $0 | $241.0M | $0 | $414.0M | $504.0M | $836.0M | $199.0M |
From Royal Caribbean Group's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Royal Caribbean Group's latest reported figures next to the median of the other 46 S&P 500 Consumer Discretionary companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Royal Caribbean Group | Consumer Discretionary (46 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +8.8% | +4.9% | +7.0% |
| Net margin, latest fiscal year | 23.8% | 9.7% | 12.9% |
| Dividend per share, latest fiscal year | $3.50 | $2.08 | $2.40 |
| Share price change, 1 year | −6.9% | −10.4% | +5.9% |
Royal Caribbean Group: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Royal Caribbean Group included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 46/496, net margin 46/496, dividend per share 26/349, 1-year price change 46/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 26 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd Cruises, with the Group's global fleet consisting of 71 ships.
Source: Wikipedia — Royal Caribbean Group
Cruise stocks outlook: RCL leads a cautiously constructive setup
Cruise stocks outlook: RCL leads a cautiously constructive setup
Jefferies upgrades Royal Caribbean stock rating on improved revenue outlook
Jefferies upgrades Royal Caribbean stock rating on improved revenue outlook
Cruise sector outlook: Carnival, Royal Caribbean and Norwegian compared
Cruise sector outlook: Carnival, Royal Caribbean and Norwegian compared
Why is Royal Caribbean stock sliding today?
Why is Royal Caribbean stock sliding today?
Bernstein reiterates Royal Caribbean stock rating amid Sandals deal
Bernstein reiterates Royal Caribbean stock rating amid Sandals deal
Royal Caribbean Group Falls 5% on $3B Sandals Resorts Stake; Carnival and Norwegian Slide 3%
Royal Caribbean Group Falls 5% on $3B Sandals Resorts Stake; Carnival and Norwegian Slide 3%
Royal Caribbean buys 50% stake in Sandals Resorts for $3 billion
Royal Caribbean buys 50% stake in Sandals Resorts for $3 billion
UBS reiterates Buy on Royal Caribbean stock on TUI cruise data
UBS reiterates Buy on Royal Caribbean stock on TUI cruise data
Royal Caribbean to Acquire 50% Stake in Sandals and Beaches Resorts for About $3 Billion
Royal Caribbean to Acquire 50% Stake in Sandals and Beaches Resorts for About $3 Billion
Royal Caribbean to buy 50% stake in Sandals Resorts for $3 bln
Royal Caribbean to buy 50% stake in Sandals Resorts for $3 bln
Royal Caribbean acquires stake in resort operator Sandals for $3 billion
Royal Caribbean acquires stake in resort operator Sandals for $3 billion