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Royal Caribbean Group
RCLConsumer DiscretionaryGenerated Aug 19, 2026, 11:16 PM UTC
RCL (Royal Caribbean Group) analytical snapshot. Revenue grew +8.8% YoY to $17.93B. 5-year revenue CAGR +63.6%; 10y CAGR +8.7%. Net margin at 23.80% (expanding ▲). Market cap $80.39B at $300.56 per share. Trailing P/E 19.25, P/S 4.48, P/B 7.85. EV/Operating income ≈ 17.46 (EV $85.71B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -7 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$80.39B
267.45M shares
Price
$300.56
NYQ
P/E (ttm)
19.25
Revenue (FY)
$17.93B
YoY +8.8%
Net margin
23.80%
▲ 48.18pp
Free cash flow
$1.24B
6.89% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 11, 2026. Latest quarterly report (10-Q) filed Jul 28, 2026. 16 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 11, 2026.
- Latest quarterly report (10-Q) filed Jul 28, 2026.
- 16 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Royal Caribbean Group; broad institutional reporting.
- Recent filers include MAPLELANE CAPITAL, LLC, WELLINGTON MANAGEMENT GROUP LLP, Parallax Volatility Advisers, L.P..
Latest 10-K
Feb 11, 2026
Annual report
Latest 10-Q
Jul 28, 2026
8-K (recent)
16
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| MAPLELANE CAPITAL, LLC | 13F-HR | Nov 14, 2023 |
| WELLINGTON MANAGEMENT GROUP LLP | 13F-HR | Dec 1, 2023 |
| Parallax Volatility Advisers, L.P. | 13F-HR | Nov 15, 2021 |
| MAPLELANE CAPITAL, LLC | 13F-HR | May 15, 2024 |
| MAPLELANE CAPITAL, LLC | 13F-HR | Aug 14, 2024 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 7, 2026 | 8-K | FORM 8-K |
| Jul 28, 2026 | 8-K | 8-K |
| Jul 20, 2026 | 8-K | FORM 8-K |
| May 28, 2026 | 8-K | 8-K |
| May 20, 2026 | 8-K | FORM 8-K |
| Apr 30, 2026 | 8-K | 8-K |
| Feb 27, 2026 | 8-K | FORM 8-K |
| Feb 17, 2026 | 8-K | FORM 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -76Deteriorating
66% conf
5 risk signal(s), 1 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Free cash flow deteriorating: FCF declined +38.1% YoY (from $2.00B to $1.24B). With OCF at $6.46B and capex at $5.23B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 5 filing(s).
- NEW: Material weakness in internal controls in latest filing: The term "material weakness" "internal control" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 5 filing(s).
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 1 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.51x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Endogenous analysis: The combination of explicit "going concern" language in the filing with deteriorating cash flow or rising leverage is a severe warning signal — the company's own auditors have flagged doubt about the ability to continue as a going concern.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 4 new risk-language term(s) detected in filing text: Going concern doubt, Material weakness in internal controls, Substantial doubt about ability to continue, Restructuring.
- Ongoing high-severity risk language: Restatement of financial statements.
Revenue
$17.93B
+8.8% YoY
Operating income
$4.91B
+19.6% YoY
Net income
$4.27B
+48.3% YoY
Operating cash flow
$6.46B
+22.8% YoY
Capex
$5.23B
+60.0% YoY
Total assets
$41.62B
+12.3% YoY
Total liabilities
$31.37B
+7.0% YoY
Long-term debt
$8.50B
-7.2% YoY
Filing quality score
76/100
3 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $16.48B | $17.93B | $1.45B | +8.8% |
| Operating income | $4.11B | $4.91B | $804.0M | +19.6% |
| Net income | $2.88B | $4.27B | $1.39B | +48.3% |
| Operating cash flow | $5.26B | $6.46B | $1.20B | +22.8% |
| Capex | $3.27B | $5.23B | $1.96B | +60.0% |
| Total assets | $37.07B | $41.62B | $4.55B | +12.3% |
| Total liabilities | $29.34B | $31.37B | $2.04B | +7.0% |
| Long-term debt | $9.15B | $8.50B | $-654.3M | -7.2% |
| Cash & equivalents | $388.0M | $825.0M | $437.0M | +112.6% |
| Stockholders equity | $7.56B | $10.04B | $2.47B | +32.7% |
| Inventory | $265.0M | $264.0M | $-1.0M | -0.4% |
| SG&A expense | $2.13B | $2.22B | $98.0M | +4.6% |
| Interest expense | $1.36B | $1.40B | $37.8M | +2.8% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | PaymentsRelatedToTaxWithholdingForShareBasedCompensation, StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1, TreasuryStockSharesAcquired |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AdvertisingExpense, AllocatedShareBasedCompensationExpense, CommonStockDividendsPerShareCashPaid, CurrentIncomeTaxExpenseBenefit, DeferredIncomeTaxExpenseBenefit, DeferredIncomeTaxLiabilities, DeferredTaxAssetsGross, DeferredTaxAssetsOperatingLossCarryforwards, DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 5 | 0 | NEW |
| Material weakness in internal controls | high | 2 | 0 | NEW |
| Substantial doubt about ability to continue | high | 5 | 0 | NEW |
| Restatement of financial statements | high | 1 | 1 | Ongoing |
| Impairment charge | medium | 5 | 6 | Ongoing |
| Restructuring | medium | 5 | 0 | NEW |
| Off-balance sheet arrangements | medium | 5 | 8 | Ongoing |
| Related party transactions | low | 5 | 1 | Ongoing |
Filing signal breakdown
Red flags: 5
Positive: 1
Watch: 1
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 40Improving
80% conf
Revenue grew +8.8% YoY to $17.93B. 5-year revenue CAGR +63.6%; 10y CAGR +8.7%. Net margin at 23.80% (expanding ▲).
- Revenue grew +8.8% YoY to $17.93B.
- 5-year revenue CAGR +63.6%; 10y CAGR +8.7%.
- Net margin at 23.80% (expanding ▲).
- Return on equity 42.52%, ROA 10.25%, ROIC 48.92%.
- Gross margin 0.00%, operating margin 27.38%.
- Free cash flow margin 6.89% ($1.24B).
- Net income up ▲ +48.3% YoY.
- Debt/equity 0.61, current ratio 0.21, net debt $5.33B.
- Asset turnover 0.40 — capital efficiency.
Revenue (FY)
$17.93B
YoY +8.8%
Net margin
23.80%
▲ 48.18pp
ROE
42.52%
ROA 10.25%
ROIC
48.92%
EPS (diluted)
$15.61
FY2025
Free cash flow
$1.24B
6.89% margin
Debt / equity
0.61
Cash $875.0M
Current ratio
0.21
Equity $10.24B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $16.48B | +18.6% | 0.00 | 24.91 | 17.45 | $2.00B | 38.04 |
| 2025 | $17.93B | +8.8% | 0.00 | 27.38 | 23.80 | $1.24B | 42.52 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Jun 30, 2016 | $2.11B | +2.3% | — | 10.92% |
| Sep 30, 2016 | $2.56B | +1.6% | +21.8% | 27.04% |
| Mar 31, 2017 | $2.01B | +4.7% | -21.7% | 10.69% |
| Jun 30, 2017 | $2.20B | +4.3% | +9.3% | 16.83% |
| Sep 30, 2017 | $2.57B | +0.2% | +17.0% | 29.30% |
| Mar 31, 2018 | $2.03B | +1.0% | -21.1% | 10.78% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -50Deteriorating
95% conf
Market cap $80.39B at $300.56 per share. Trailing P/E 19.25, P/S 4.48, P/B 7.85. EV/Operating income ≈ 17.46 (EV $85.71B).
- Market cap $80.39B at $300.56 per share.
Market cap
$80.39B
267.45M shares
P/E (ttm)
19.25
P/S
4.48
P/B
7.85
EV
$85.71B
Intrinsic (DCF)
$74.77
-75.1% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 45Improving
85% conf
Price $300.56 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 26.86 (oversold).
- Price $300.56 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$300.56
NYQ
RSI(14)
26.86
50-DMA
$302.71
200-DMA
$286.76
Volatility (ann.)
46.64%
52w range
$232.10–$366.50
-18.0% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -30Deteriorating
90% conf
Composite risk Elevated. Leverage debt/equity 0.61 (moderate). Liquidity current ratio 0.21 (stretched).
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
0.61
Current ratio
0.21
Margin stdev
97.60pp
Cash / assets
1.96%
Liab / assets
76.57%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Royal Caribbean Group is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+8.8%** YoY to $17.93B..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow RCL stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
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