RCLRoyal Caribbean Group

Consumer discretionary · Cruise Lines & Shipping · NYSE

We are a vacation industry leader, owning and operating three global cruise vacation brands: Royal Caribbean, Celebrity Cruises and Silversea (collectively, our "Global Brands"). 10-K, Item 1

Headquarters: Miami, FL
CEO: Mr. Jason Liberty
Next results: around Jan 28, 2027

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RCL and 9 peers, year by year

The 9 Consumer discretionary companies closest to RCL in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
RCL Royal Caribbean Group	FY2025	$17.9B	+8.8%	-	27.4%	23.8%	6.9%	42.5%	2.13
ORLY O'Reilly Automotive	FY2025	$17.8B	+6.4%	51.6%	19.5%	14.3%	9.0%	n/m	n/m
AZO AutoZone	FY2026	$20.3B	+7.4%	52.3%	18.3%	12.6%	8.9%	n/m	n/m
MGM MGM Resorts	FY2025	$17.5B	+1.7%	-	5.7%	1.2%	8.3%	8.5%	2.56
APTV Aptiv	FY2025	$20.4B	+3.5%	-	5.8%	0.8%	7.5%	1.8%	0.83
DASH DoorDash	FY2025	$13.7B	+27.9%	-	5.3%	6.8%	15.8%	9.3%	-
EXPE Expedia Group	FY2025	$14.7B	+7.6%	-	12.7%	8.8%	21.1%	100.8%	4.80
PHM PulteGroup	FY2025	$17.3B	−3.5%	-	-	12.8%	10.1%	17.1%	0.00
TSCO Tractor Supply	FY2025	$15.5B	+4.3%	36.4%	9.5%	7.1%	4.8%	42.5%	0.06
ABNB Airbnb	FY2025	$12.2B	+10.3%	-	20.8%	20.5%	-	30.6%	0.24

Revenuepeer median $17.3B

Sales growthpeer median +6.4%

Gross marginpeer median 51.6%

AZO 52.3%
ORLY 51.6%
TSCO 36.4%
RCL -
MGM -
APTV -
DASH -
EXPE -
PHM -
ABNB -

Operating marginpeer median 11.1%

Net marginpeer median 8.8%

FCF marginpeer median 8.9%

Return on equitypeer median 17.1%

Debt / equitypeer median 0.54

EXPE 4.80
MGM 2.56
RCL 2.13
APTV 0.83
ABNB 0.24
TSCO 0.06
PHM 0.00
ORLY n/m
AZO n/m
DASH -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	$8.5B	$8.8B	$9.5B	$11.0B	$2.2B	$1.5B	$8.8B	$13.9B	$16.5B	$17.9B
ORLY Dec	$8.6B	$9.0B	$9.5B	$10.1B	$11.6B	$13.3B	$14.4B	$15.8B	$16.7B	$17.8B
AZO Aug	$10.6B	$10.9B	$11.2B	$11.9B	$12.6B	$14.6B	$16.3B	$17.5B	$18.5B	$18.9B
MGM Dec	$9.5B	$10.8B	$11.8B	$12.9B	$5.2B	$9.7B	$13.1B	$16.2B	$17.2B	$17.5B
APTV Dec	$12.3B	$12.9B	$14.4B	$14.4B	$13.1B	$15.6B	$17.5B	$20.1B	$19.7B	$20.4B
DASH Dec	-	-	$291.0M	$885.0M	$2.9B	$4.9B	$6.6B	$8.6B	$10.7B	$13.7B
EXPE Dec	$8.8B	$10.1B	$11.2B	$12.1B	$5.2B	$8.6B	$11.7B	$12.8B	$13.7B	$14.7B
PHM Dec	$7.7B	$8.6B	$10.2B	$10.2B	$11.0B	$13.7B	$16.0B	$16.1B	$17.9B	$17.3B
TSCO Dec	-	$7.3B	$7.9B	$8.4B	$10.6B	$12.7B	$14.2B	$14.6B	$14.9B	$15.5B
ABNB Dec	-	-	-	$4.8B	$3.4B	$6.0B	$8.4B	$9.9B	$11.1B	$12.2B
Peer median	$9.1B	$10.1B	$10.7B	$10.2B	$10.6B	$12.7B	$14.2B	$15.8B	$16.7B	$17.3B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	+2.4%	+3.3%	+8.2%	+15.3%	−79.8%	−30.6%	+477%	+57.2%	+18.6%	+8.8%
ORLY Dec	+7.9%	+4.5%	+6.2%	+6.4%	+14.3%	+14.8%	+8.1%	+9.7%	+5.7%	+6.4%
AZO Aug	-	+2.4%	+3.1%	+5.7%	+6.5%	+15.8%	+11.1%	+7.4%	+5.9%	+2.4%
MGM Dec	+2.9%	+13.9%	+8.9%	+9.7%	−60.0%	+87.5%	+35.6%	+23.1%	+6.7%	+1.7%
APTV Dec	+13.0%	+5.0%	+12.0%	−0.5%	−9.0%	+19.5%	+12.0%	+14.6%	−1.7%	+3.5%
DASH Dec	-	-	-	+204%	+226%	+69.4%	+34.7%	+31.2%	+24.2%	+27.9%
EXPE Dec	+31.5%	+14.7%	+11.6%	+7.5%	−56.9%	+65.4%	+35.7%	+10.0%	+6.6%	+7.6%
PHM Dec	+28.2%	+11.7%	+18.8%	+0.2%	+8.1%	+26.2%	+16.5%	+0.4%	+11.7%	−3.5%
TSCO Dec	-	-	+9.0%	+5.6%	+27.2%	+19.9%	+11.6%	+2.5%	+2.2%	+4.3%
ABNB Dec	-	-	-	-	−29.7%	+77.4%	+40.2%	+18.1%	+11.9%	+10.3%
Peer median	+13.0%	+8.4%	+9.0%	+6.1%	+6.5%	+26.2%	+16.5%	+10.0%	+6.6%	+4.3%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	-	-	-	-	-	-	-	-	-	-
ORLY Dec	52.5%	52.6%	52.8%	53.1%	52.4%	52.7%	51.2%	51.3%	51.2%	51.6%
AZO Aug	52.7%	52.7%	53.2%	53.7%	53.6%	52.8%	52.1%	52.0%	53.1%	52.6%
MGM Dec	-	-	-	-	-	-	-	-	-	-
APTV Dec	22.4%	20.3%	18.9%	18.4%	14.8%	-	-	-	-	-
DASH Dec	-	-	-	-	-	-	-	-	-	-
EXPE Dec	-	-	-	-	-	-	-	-	-	-
PHM Dec	-	-	-	-	-	-	-	-	-	-
TSCO Dec	-	34.3%	34.2%	34.4%	35.4%	35.2%	35.0%	35.9%	36.3%	36.4%
ABNB Dec	-	-	-	-	-	-	-	-	-	-
Peer median	52.5%	43.5%	43.5%	43.8%	43.9%	52.7%	51.2%	51.3%	51.2%	51.6%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	17.4%	19.9%	20.0%	19.0%	−208.3%	−252.6%	−8.7%	20.7%	24.9%	27.4%
ORLY Dec	19.8%	19.2%	19.0%	18.9%	20.8%	21.9%	20.5%	20.2%	19.5%	19.5%
AZO Aug	19.4%	19.1%	16.1%	18.7%	19.1%	20.1%	20.1%	19.9%	20.5%	19.1%
MGM Dec	21.9%	15.9%	12.5%	30.5%	−12.4%	23.5%	11.0%	11.7%	8.6%	5.7%
APTV Dec	12.5%	11.0%	10.2%	8.9%	16.2%	7.6%	7.2%	7.8%	9.3%	5.8%
DASH Dec	-	-	−72.2%	−69.6%	−15.1%	−9.2%	−17.1%	−6.7%	−0.4%	5.3%
EXPE Dec	5.3%	6.2%	6.4%	7.5%	−52.3%	2.2%	9.3%	8.0%	9.6%	12.7%
PHM Dec	-	-	-	-	-	-	-	-	-	-
TSCO Dec	-	9.5%	8.9%	8.9%	9.4%	10.3%	10.1%	10.2%	9.9%	9.5%
ABNB Dec	-	-	-	−10.4%	−106.3%	7.2%	21.5%	15.3%	23.0%	20.8%
Peer median	19.4%	13.4%	10.2%	8.9%	−1.5%	8.9%	10.5%	10.9%	9.7%	11.1%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	15.1%	18.5%	19.1%	17.2%	−262.5%	−343.3%	−24.4%	12.2%	17.5%	23.8%
ORLY Dec	12.1%	12.6%	13.9%	13.7%	15.1%	16.2%	15.1%	14.8%	14.3%	14.3%
AZO Aug	11.7%	11.8%	11.9%	13.6%	13.7%	14.8%	14.9%	14.5%	14.4%	13.2%
MGM Dec	11.6%	18.1%	4.0%	15.9%	−20.0%	13.0%	11.2%	7.1%	4.3%	1.2%
APTV Dec	10.2%	10.5%	7.4%	6.9%	13.8%	3.8%	3.4%	14.7%	9.1%	0.8%
DASH Dec	-	-	−70.1%	−75.4%	−16.0%	−9.6%	−20.7%	−6.5%	1.1%	6.8%
EXPE Dec	3.2%	3.8%	3.6%	4.7%	−50.2%	0.1%	3.0%	6.2%	9.0%	8.8%
PHM Dec	7.9%	5.2%	10.0%	10.0%	12.7%	14.2%	16.4%	16.2%	17.2%	12.8%
TSCO Dec	-	5.8%	6.7%	6.7%	7.1%	7.8%	7.7%	7.6%	7.4%	7.1%
ABNB Dec	-	-	-	−14.0%	−135.7%	−5.9%	22.5%	48.3%	23.9%	20.5%
Peer median	10.9%	10.5%	7.1%	6.9%	7.1%	7.8%	11.2%	14.5%	9.1%	8.8%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	$22.3M	$2.3B	−$180.9M	$691.7M	−$5.7B	−$4.1B	−$2.2B	$580.0M	$2.0B	$1.2B
ORLY Dec	$1.0B	$937.7M	$1.2B	$1.1B	$2.4B	$2.8B	$2.6B	$2.0B	$2.0B	$1.6B
AZO Aug	$1.2B	$1.0B	$1.6B	$1.6B	$2.3B	$2.9B	$2.5B	$2.1B	$1.9B	$1.8B
MGM Dec	−$728.5M	$342.3M	$235.7M	$1.1B	−$1.8B	$882.7M	$991.4M	$1.8B	$1.2B	$1.5B
APTV Dec	$1.3B	$770.0M	$782.0M	$843.0M	$829.0M	$611.0M	$419.0M	$990.0M	$1.6B	$1.5B
DASH Dec	-	-	−$172.0M	−$545.0M	$146.0M	$563.0M	$191.0M	$1.6B	$2.0B	$2.2B
EXPE Dec	$800.0M	$1.1B	$1.1B	$1.6B	−$4.6B	$3.1B	$2.8B	$1.8B	$2.3B	$3.1B
PHM Dec	$29.0M	$631.0M	$1.4B	$1.0B	$1.7B	$931.2M	$555.8M	$2.1B	$1.6B	$1.7B
TSCO Dec	$424.7M	$381.0M	$415.9M	$594.3M	$1.1B	$510.3M	$583.6M	$580.1M	$636.8M	$740.5M
ABNB Dec	-	-	-	$97.3M	−$777.0M	$2.3B	$3.4B	-	-	-
Peer median	$800.0M	$770.0M	$939.5M	$1.0B	$829.0M	$931.2M	$991.4M	$1.8B	$1.8B	$1.7B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	0.3%	26.3%	−1.9%	6.3%	−257.9%	−268.1%	−25.2%	4.2%	12.1%	6.9%
ORLY Dec	12.0%	10.4%	12.8%	10.6%	20.4%	20.7%	17.9%	12.8%	12.1%	9.0%
AZO Aug	10.8%	9.3%	13.9%	13.8%	17.9%	19.8%	15.6%	12.3%	10.4%	9.5%
MGM Dec	−7.7%	3.2%	2.0%	8.3%	−34.2%	9.1%	7.6%	10.9%	7.0%	8.3%
APTV Dec	10.5%	6.0%	5.4%	5.9%	6.3%	3.9%	2.4%	4.9%	8.2%	7.5%
DASH Dec	-	-	−59.1%	−61.6%	5.1%	11.5%	2.9%	18.0%	18.9%	15.8%
EXPE Dec	9.1%	11.3%	9.8%	13.3%	−89.1%	35.8%	23.8%	14.4%	17.0%	21.1%
PHM Dec	0.4%	7.4%	13.6%	10.0%	15.6%	6.8%	3.5%	13.1%	8.7%	10.1%
TSCO Dec	-	5.3%	5.3%	7.1%	10.4%	4.0%	4.1%	4.0%	4.3%	4.8%
ABNB Dec	-	-	-	2.0%	−23.0%	38.2%	40.5%	-	-	-
Peer median	9.8%	7.4%	7.6%	8.3%	6.3%	11.5%	7.6%	12.6%	9.6%	9.2%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	14.1%	15.2%	16.3%	15.4%	−66.2%	−103.4%	−75.1%	35.9%	38.0%	42.5%
ORLY Dec	63.8%	173.6%	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
AZO Aug	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
MGM Dec	17.8%	25.8%	7.2%	26.5%	−15.9%	20.7%	30.5%	30.0%	24.7%	8.5%
APTV Dec	52.4%	41.1%	30.8%	25.9%	22.8%	7.1%	6.7%	25.4%	20.3%	1.8%
DASH Dec	-	-	n/m	n/m	−9.8%	−10.0%	−20.2%	−8.2%	1.6%	9.3%
EXPE Dec	6.8%	8.4%	9.9%	14.2%	−173.0%	0.6%	15.4%	52.0%	79.3%	100.8%
PHM Dec	12.9%	10.8%	21.2%	18.6%	21.4%	26.0%	29.4%	25.1%	25.4%	17.1%
TSCO Dec	30.1%	29.8%	34.1%	35.9%	38.9%	49.8%	53.3%	51.5%	48.5%	42.5%
ABNB Dec	-	-	-	n/m	−158.0%	−7.4%	34.0%	58.7%	31.5%	30.6%
Peer median	23.9%	27.8%	21.2%	25.9%	−9.8%	7.1%	29.4%	30.0%	25.4%	17.1%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	1.03	0.70	0.97	0.91	2.21	4.15	8.15	4.54	2.65	2.13
ORLY Dec	1.17	4.56	9.66	9.79	n/m	n/m	n/m	n/m	n/m	n/m
AZO Aug	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
MGM Dec	2.10	1.70	2.32	1.45	1.90	2.10	1.80	1.66	2.10	2.56
APTV Dec	1.65	1.26	1.34	1.25	0.53	0.49	0.75	0.55	1.02	0.83
DASH Dec	-	-	-	-	-	-	-	-	-	-
EXPE Dec	0.76	0.94	0.91	1.24	5.44	4.11	2.73	4.08	4.02	4.80
PHM Dec	-	-	-	-	-	0.01	0.01	0.01	0.00	0.00
TSCO Dec	0.00	0.11	0.10	0.10	0.08	0.07	0.07	0.07	0.07	0.06
ABNB Dec	-	-	-	-	0.63	0.42	0.36	0.24	0.24	0.24
Peer median	1.17	1.26	1.34	1.25	0.63	0.45	0.55	0.39	0.63	0.54

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
RCL Dec	$5.93	$7.53	$8.56	$8.95	−$27.05	−$20.89	−$8.45	$6.31	$10.94	$15.61
ORLY Dec	$0.72	$0.84	$1.07	$1.19	$1.57	$2.07	$2.23	$2.56	$2.71	$2.97
AZO Aug	$40.70	$44.07	$48.77	$63.43	$71.93	$95.19	$117.19	$132.36	$149.55	$144.87
MGM Dec	$1.92	$3.34	$0.81	$3.88	−$2.02	$2.41	$3.49	$3.19	$2.40	$0.76
APTV Dec	$4.59	$5.06	$4.02	$3.85	$6.66	$1.94	$1.96	$10.39	$6.96	$0.75
DASH Dec	-	-	−$4.67	−$15.44	−$7.39	−$1.39	−$3.68	−$1.42	$0.29	$2.13
EXPE Dec	$1.82	$2.42	$2.65	$3.77	−$19.00	−$1.80	$2.17	$5.31	$8.95	$9.81
PHM Dec	$1.75	$1.44	$3.55	$3.66	$5.18	$7.43	$11.01	$11.72	$14.69	$11.12
TSCO Dec	$0.65	$0.66	$0.86	$0.93	$1.28	$1.72	$1.94	$2.02	$2.04	$2.06
ABNB Dec	-	-	-	-	-	-	-	-	-	-
Peer median	$1.82	$2.42	$1.86	$3.71	$1.42	$2.01	$2.20	$4.25	$4.83	$2.55

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out RCL and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on RCL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/RCL/export.csv") into a cell.