Royal Caribbean Cruises Ltd.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 1.53B | 8.84B | 13.90B | 16.48B | 17.93B | 8.8% | |
| Cost of Revenue | (2.74B) | (6.62B) | (7.78B) | (8.65B) | (9.54B) | 10.2% | |
Gross Profit | -1.21B | 2.22B | 6.13B | 7.83B | 8.40B | 7.2% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (1.37B) | (1.58B) | (1.79B) | (2.13B) | (2.22B) | 4.6% | |
| Depreciation & Amortization | (1.29B) | (1.41B) | (1.46B) | (1.60B) | (1.61B) | 0.8% | |
Operating Income (EBIT) | -3.87B | -766.00M | 2.88B | 4.11B | 4.91B | 19.6% | |
| Non-Operating Items | |||||||
| Interest Income | 17.00M | 36.00M | 36.00M | 16.00M | 24.00M | 50.0% | |
| Interest Expense | (1.29B) | (1.36B) | (1.40B) | (1.59B) | (992.00M) | -37.6% | |
| Other Income/Expenses (Net) | -1.39B | -1.39B | -1.17B | -1.21B | -605.00M | -50.0% | |
Income Before Tax | -5.26B | -2.16B | 1.70B | 2.90B | 4.30B | 48.6% | |
| Income Tax Expense | — | — | — | — | (15.00M) | — | |
Net Income | -5.26B | -2.16B | 1.70B | 2.88B | 4.27B | 48.5% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $-21 | $-8 | $7 | $11 | $16 | 43.0% | |
| Weighted Avg Shares Outstanding | 251.81M | 255.01M | 256.00M | 261.00M | 271.00M | 3.8% | |
| Weighted Avg Shares Outstanding (Diluted) | 251.81M | 255.01M | 283.00M | 279.00M | 273.00M | -2.2% | |
EBITDA | -2.67B | 615.00M | 4.56B | 6.09B | 6.91B | 13.5% |
Explore RCL
RCL in the Consumer Cyclical
Large Cap