FN2 Earnings Intelligence
Royal Caribbean Cruises Ltd. balance sheet
Royal Caribbean Cruises Ltd. (RCL) Balance Sheet (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $2,701.8 | $1,935 | $497 | $388 | $825 | - | - |
| + Debt | $9,543.1 | $2,687.7 | $1,882 | $1,764 | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $1,532.1 | $8,840.5 | $13,900 | $16,484 | $17,935 | $19,557.7 | $20,989.5 |
| % Growth | -30.6% | 477.0% | 57.2% | 18.6% | 8.8% | 9.0% | 7.3% |
| Gross Profit | -$1,125.4 | $2,226.2 | $6,125 | $7,832 | $8,852 | - | - |
| % Margin | -73.5% | 25.2% | 44.1% | 47.5% | 49.4% | - | - |
| EBITDA | -$2,577.5 | $642.7 | $4,333 | $5,706 | $6,628 | - | - |
| % Margin | -168.2% | 7.3% | 31.2% | 34.6% | 37.0% | - | - |
| Net Income | -$5,260.5 | -$2,156 | $1,697 | $2,877 | $4,268 | - | - |
| % Margin | -343.3% | -24.4% | 12.2% | 17.5% | 23.8% | - | - |
| Diluted EPS | -$20.89 | -$8.45 | $6.31 | $10.94 | $15.61 | $17.32 | $19.92 |
| % Growth | 22.8% | 59.6% | 174.7% | 73.4% | 42.7% | 11.0% | 15.0% |
| Operating Cash Flow | -$1,877.8 | $481.9 | $4,477 | $5,265 | $6,465 | - | - |
| CapEx | $2,229.7 | $2,710.1 | $3,897 | $3,268 | $5,229 | - | - |
| Free Cash Flow | -$4,107.5 | -$2,228.2 | $580 | $1,997 | $1,236 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $1,532.1 | $8,840.5 | $13,900 | $16,484 | $17,935 | $19,557.7 | $20,989.5 |
| Gross Profit | -$1,125.4 | $2,226.2 | $6,125 | $7,832 | $8,852 | - | - |
| EBITDA | -$2,577.5 | $642.7 | $4,333 | $5,706 | $6,628 | - | - |
| Net Income | -$5,260.5 | -$2,156 | $1,697 | $2,877 | $4,268 | - | - |
| Diluted EPS | -$20.89 | -$8.45 | $6.31 | $10.94 | $15.61 | $17.32 | $19.92 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2,701.8 | $1,935 | $497 | $388 | $825 |
| Short-term Debt | $2,243.1 | $2,087.7 | $1,720 | $1,603 | $3,180 |
| Long-term Debt | $7,300 | $600 | $162 | $161 | - |
| Total Debt | $9,543.1 | $2,687.7 | $1,882 | $1,764 | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$1,877.8 | $481.9 | $4,477 | $5,265 | $6,465 |
| Capital Expenditure | $2,229.7 | $2,710.1 | $3,897 | $3,268 | $5,229 |
| Free Cash Flow | -$4,107.5 | -$2,228.2 | $580 | $1,997 | $1,236 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | -30.6% | 477.0% | 57.2% | 18.6% | 8.8% |
| Gross Margin | -73.5% | 25.2% | 44.1% | 47.5% | 49.4% |
| EBITDA Margin | -168.2% | 7.3% | 31.2% | 34.6% | 37.0% |
| Net Margin | -343.3% | -24.4% | 12.2% | 17.5% | 23.8% |
| FCF Margin | -268.1% | -25.2% | 4.2% | 12.1% | 6.9% |
| Diluted EPS Growth | 22.8% | 59.6% | 174.7% | 73.4% | 42.7% |