ROYAL CARIBBEAN CRUISES LTD (RCL) — financial distillation
Annual history (10-K)
Quarterly history (10-Q)
Two headline lines are shown to start. Click any item in a legend to add or remove it — every figure on the chart is one the table below also carries, for the period it names.
In brief, from the full filed history
- Revenue grew from $6.53B (period ending 2008-12-31) to $17.93B (period ending 2025-12-31) — a 6.1% annual pace across 17 year(s) of filed history.
- Net margin expanded from 8.8% to 23.8% over that same span.
- Across 53 tracked quarters, the strongest was $5.14B (quarter ending 2025-09-30) and the weakest was $-33.7M (quarter ending 2020-09-30).
Annual — most recent 10-K
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $17.93B | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Operating income | $4.91B | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Net income | $4.27B | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Diluted EPS | $15.61 | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Total assets | $41.62B | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Total liabilities | $31.37B | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Cash & equivalents | $825.0M | 2025-12-31 | 10-K | 0000884887-26-000007 |
| Operating cash flow | $6.46B | 2025-12-31 | 10-K | 0000884887-26-000007 |
Quarterly — most recent 10-Q
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $4.83B | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Operating income | $1.31B | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Net income | $1.13B | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Diluted EPS | $4.20 | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Total assets | $44.64B | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Total liabilities | $34.18B | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Cash & equivalents | $875.0M | 2026-06-30 | 10-Q | 0000884887-26-000038 |
| Operating cash flow | $1.83B | 2026-03-31 | 10-Q | 0000884887-26-000026 |
Reading
The figures above are taken directly from filings with the U.S. Securities and Exchange Commission. The reading below was generated by a local language model from only those figures; it introduces no numbers of its own. It is not investment advice.
Royal Caribbean Cruises Ltd (RCL) operates in the cruise industry, as evidenced by its annual revenue of $17.93 billion and net income of $4.27 billion for the period ending 2025-12-31. Over the past 17 years, the company’s revenue has grown at a compound annual rate of 6.1%, demonstrating steady expansion despite industry challenges such as the significant decline during the COVID-19 pandemic (2020-2022). The net margin has also improved from 8.8% to 23.8% over this period, indicating enhanced profitability and operational efficiency.
In terms of scale and mix, RCL’s total assets have grown to $41.62 billion by the end of 2025, while total liabilities stand at $31.37 billion, reflecting a substantial but leveraged business model. The company maintains a considerable cash position of $825 million as of 2025-12-31, which provides some financial flexibility. Operating cash flow has been robust, reaching $6.46 billion in 2025, indicating strong operational performance and cash generation capabilities.
Looking ahead, investors should monitor the company’s ability to sustain profitability amidst ongoing industry uncertainties, such as fluctuating fuel costs, geopolitical tensions, and potential regulatory changes. The next filing will likely reveal how RCL navigates these challenges while continuing to expand its revenue base. Additionally, the company’s progress in managing debt levels and maintaining a healthy balance between assets and liabilities will be crucial factors for future performance.
Source: SEC EDGAR company facts for CIK 0000884887 · filings index