Royal Caribbean Group

Royal Caribbean Group

RCL

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Market Cap$85.82B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Royal Caribbean GroupRoyal Caribbean Group19.71.56%43%4.53

Earnings Call Q2 2026

July 28, 2026 - AI Summary

Strong Q2 performance + capital return (good) - Reported Q2 revenue +6% YoY with net yields +1.2% (about 100 bps above guidance). - Adjusted EPS exceeded guidance by $0.33 (management cites better-than-expected close-in demand and onboard revenue, plus cost timing and JV/balance sheet items). - Returned >$600M to investors via dividends and share repurchases in the quarter ($404M dividends and 0.8M shares repurchased). $805M remaining on the authorization.
2026 outlook raised in tone; key forecast numbers reiterated (good with detail) - Full-year net yield growth guidance maintained at 1.75%–2.25%; despite geopolitical drag on parts of Europe, they expect continued yield growth across key products including the Caribbean. - Capacity expected +6.6% for 2026, targeting ~9% total revenue growth (yields + capacity). - Adjusted EPS for 2026 expected $17.73–$17.87 (~+14% YoY at the midpoint framework described), implying continued strong earnings growth. - Q3 guidance: capacity +8.5% YoY, net yields roughly flat, adjusted EPS $6.26–$6.36 (double-digit YoY growth).
Demand is strong; onboard spending momentum and record pricing (surprising/opportunity) - Management emphasizes “flywheel is accelerating”: demand supported by digital/loyalty execution, with guest Net Promoter Scores averaging low-to-mid 70s. - Close-in demand remains strong, reflecting consumers booking nearer departure (flexibility/ease), and they report book position is in line with prior years at record pricing for 2026 and 2027. - Onboard spending: referenced as a key indicator—~180,000 people on any given day spending on ships; onboard revenue and pre-cruise purchases exceed prior years, including higher beverage and shore excursion spend.

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$346.94

Target Price by Analysts

12% upsideRoyal Caribbean Group Target Price DetailsTarget Price
$146.63

Current Fair Value

52.7% downside

Overvalued by 52.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$85.82 Billion
Enterprise Value$115.20 Billion
Dividend Yield$5.00 (1.56%)
Earnings per Share$15.73
Beta1.76
Outstanding Shares269,000,000

Return

Return on Equity43.01%ROE
Return on Assets9.86%
Return on Invested Capital16.41%

Valuation & Multiples

P/E Ratio19.67P/E Ratio
PEG-290.22PEG
Price to Sales4.49Price to Sales
Price to Book Ratio8.15Price to Book Ratio
Enterprise Value to Revenue6.17
Enterprise Value to EBIT21.27
Enterprise Value to Net Income26
Total Debt to Enterprise0.26
Debt to Equity2.96Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 4, 2026
EPS Estimate
$3.91
Average shareholder expectation
Revenue Estimate
$4.81 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 27, 2026
EPS Estimate
$6.35
Average shareholder expectation
Revenue Estimate
$5.60 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.3488 122.47%
Total Calls96,900 97.94%
Total Puts227,600 95.70%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %17.87% 64.79%
Total Invested$15.32B 75.02%
Investors Holding694 552.00%

ESG Score

No data

About Royal Caribbean Group

CEO: Richard Fain