Royal Caribbean Cruises stock (December 2025) | Growth, Valuation & Analysis

Royal Caribbean Crui...

NYSE:RCL

$ 257,66

$-1,61 (-0,62%)

257,66 $

$-1,61 (-0,62%)

End-of-day quote: 12/05/2025

Royal Caribbean Cruises Stock Value

The current analyst rating for NYSE:RCL is Outperform.

Outperform

Royal Caribbean Cruises Company Info

EPS Growth 5Y

4,34%

Market Cap

$70,71 B

Long-Term Debt

$18,36 B

Short Interest

4,70%

Annual earnings

01/30/2026

Dividend

$3,97

Dividend Yield

1,54%

Founded

1968

Industry

Consumer Discretionary

Country

United States

ISIN Number

LR0008862868

Website

http://www.rclinvestor.com

Analyst Price Target

$335,00

30.02%

Last Update: 12/05/2025

Analysts: 24

Highest Price Target $415,00

Average Price Target $335,00

Lowest Price Target $223,00

In the last five quarters, Royal Caribbean Cruises’s Price Target has risen from $138,18 to $285,29 - a 106,46% increase. Twenty Four analysts predict that Royal Caribbean Cruises’s share price will increase in the coming year, reaching $335,00. This would represent an increase of 30,02%.

Top growth stocks in the consumer discretionary sector (5Y.)

What does Royal Caribbean Cruises do?

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company owns and operates three global cruise brands: Royal Caribbean, Celebrity Cruises and Silversea Cruises (collectively, Global Brands). The company also owns a 50% joint venture interest in TUI Cruises GmbH (TUIC), which operates the German brands TUI Cruises and Hapag-Lloyd Cruises (collectively, the company’s Partner Brands. The company accounts for its investments in its Partner Brands under the equity method of a...

The company also owns a 50% joint venture interest in TUI Cruises GmbH (TUIC), which operates the German brands TUI Cruises and Hapag-Lloyd Cruises (collectively, the company’s Partner Brands. The company accounts for its investments in its Partner Brands under the equity method of accounting. Together, the company’s Global Brands and its Partner Brands have a combined fleet of 68 ships in the cruise vacation industry with an aggregate capacity of approximately 166,900 berths as of December 31, 2024. The company’s ships offer a selection of worldwide itineraries that call on more than 1,000 destinations on all seven continents.

Global Brands

The company’s Global Brands include Royal Caribbean, Celebrity Cruises, and Silversea Cruises. The company’s Global Brands possess the versatility to enter multiple market segments within the vacation industry. Although each of the company’s Global Brands has its own marketing style, as well as ships and crews of various sizes, the nature of the products sold and services delivered by its Global Brands share a common base (i.e., the sale and provision of cruise vacations). The company’s Global Brands have historically sourced passengers from similar markets around the world and operated in similar economic environments with a significant degree of commercial overlap. As a result, the company strategically manages its Global Brands as a single business with the ultimate objective of maximizing long-term shareholder value.

Royal Caribbean

Royal Caribbean is the world's largest cruise vacation brand. The brand competes in both the contemporary family market and premium segments of the vacation industry appealing to both families with children of all ages and older and younger couples. Royal Caribbean offers vacation experiences that generally feature a casual ambiance, as well as a variety of activities and entertainment venues. Royal Caribbean's strategy is to attract an array of vacationing guests by offering a wide variety of itineraries to destinations worldwide, including Alaska, Asia, Australia, the Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal and New Zealand, with cruise lengths generally ranging from three to 14 nights. Royal Caribbean offers multiple innovative options for onboard dining, entertainment and other onboard activities.

Royal Caribbean operates 28 ships with an aggregate capacity of approximately 105,400 berths. Additionally, as of December 31, 2024, Royal Caribbean had three ships on order with an aggregate capacity of approximately 16,900 berths. The ships on order include the second Icon-class ship, Star of the Seas, the third Icon-class ship, and the seventh Oasis-class ship, which are expected to be delivered in 2025, 2026, and 2028, respectively. In addition, during 2024, the company entered into an agreement with Meyer Turku Oy to build a fourth Icon-class ship for delivery in 2027. The agreement is contingent upon completion of certain conditions precedent, including financing.

Celebrity Cruises

Celebrity Cruises is positioned within the premium segment of the vacation industry. Celebrity Cruises’ strategy is to target consumers by delivering a destination-rich experience on upscale ships that offer, among other things, excellent food and drink, elevated hospitality, world-class spaces and accommodations, and live entertainment. Celebrity Cruises offers a range of itineraries to destinations, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, New Zealand, the Panama Canal and South America, with cruise lengths generally ranging from three to 18 nights.

Celebrity Cruises operates 14 ships with an aggregate capacity of approximately 35,650 berths. As of December 31, 2024, Celebrity Cruises had one Edge-class ship on order, Celebrity Xcel, with an aggregate capacity of approximately 3,250 berths, which is expected to be delivered in 2025. In addition, during 2024, the company entered into an agreement with Chantiers de l' Atlantique to build a sixth Edge-class ship for delivery in 2028. The agreement is contingent upon completion of certain conditions precedent including financing.

Silversea Cruises

Silversea Cruises is an ultra-luxury and expedition cruise line with smaller ships, high standards of accommodations, fine dining, personalized service and exotic itineraries. Silversea Cruises delivers distinctive destination experiences by visiting unique and remote destinations, including the Galapagos Islands, Antarctica and the Arctic with cruise itineraries generally ranging from six to 25 nights.

Silversea Cruises operates 12 ships, with an aggregate capacity of approximately 5,500 berths.

Partner Brands

The company’s Global Brands are complemented by its interest in TUIC, its 50%-owned joint venture that operates the German brands TUI Cruises and Hapag-Lloyd Cruises (collectively, Partner Brands).

TUIC is a joint venture owned 50% by the company and 50% by TUI AG, a German tourism company, which is designed to serve the contemporary and premium segments of the German cruise market by offering products tailored for German guests. All onboard activities, services, shore excursions and menu offerings are designed to suit the preferences of this target market.

TUI Cruises operates seven ships, with an aggregate capacity of approximately 18,700 berths. Additionally, as of December 31, 2024, TUI Cruises had two ships on order with an aggregate capacity of approximately 8,200 berths, which are expected to be delivered in 2025 and 2026, respectively.

Hapag-Lloyd Cruises operates two luxury liners and three smaller expedition ships, with an aggregate capacity of approximately 1,590 berths.

Competition

The company’s principal cruise competitors are Carnival Corporation & plc, which owns, among other brands, Aida Cruises, Carnival Cruise Line, Costa Cruises, Cunard Line, Holland America Line, P&O Cruises, Princess Cruises and Seabourn; Disney Cruise Line; MSC Cruises; Norwegian Cruise Line Holdings Ltd, which owns Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises; Viking, and Virgin Voyages.

Strategy

The key elements of the company’s strategy are to deliver a lifetime of vacations to its customers; protect the health, safety and security of its guests and employees; deepen its customer relationships in order to increase frequency and repeat booking rates; protect the environment and communities in which its vessels and organization operate, with a focus on decarbonization; invest in its workforce in order to better serve its global guest base and grow its business, and nurture a culture that values the contribution of individual talents; increase the awareness and market penetration of its brands globally; strategically invest in its fleet through the upgrade and maintenance of existing ships and the transfer of key innovations, while prudently expanding its fleet with new state-of-the-art cruise ships; provide extraordinary destination experiences and state-of-the-art port facilities to its guests; continue to deploy technology capabilities and advanced uses of data and analytics to deliver innovative customer experiences; and maintain strong relationships with travel advisors, while enhancing its consumer outreach and e-commerce programs.

Guest Services

The company handles virtually all travel aspects related to guest reservations and transportation, including facilitating guest pre- and post-hotel stay arrangements and air transportation.

Royal Caribbean, Celebrity Cruises and Silversea Cruises offer recognition and cruise benefits to their guests through their loyalty programs, Crown & Anchor Society, Captain’s Club, and Venetian Society, respectively, to encourage repeat business. These loyalty programs collectively have over 26 million enrolled members worldwide. Members are awarded points or credits in proportion to their number of cruise days and stateroom category. The loyalty programs provide tiers of membership benefits which entitle guests to upgraded experiences and recognition relative to the status achieved once guests have accumulated the number of cruise points or credits specified for each tier. In addition, the Crown & Anchor Society, Captain’s Club and Venetian Society members all benefit from the company’s loyalty status match program, effective June 2024, where membership in one program qualifies for the equivalent tier in each of the sister brands. Examples of the benefits available under the company’s loyalty programs include, but are not limited to, priority waitlist for shore excursions, complimentary laundry service, complimentary internet, digital discount vouchers, upgraded bathroom amenities, reserved seating in entertainment venues, ship tours and, in the case of its most loyal guests who have achieved the highest levels of cruise points or credits, complimentary cruises. The company regularly works to enhance each of its loyalty programs by adding new features and amenities in order to reward its repeat guests.

Operations

Cruise Ships and Itineraries

As of December 31, 2024, the company’s Global Brands and Partner Brands collectively operated 68 ships with a selection of worldwide itineraries that call on more than 1,000 destinations in over 120 countries.

As of December 31, 2024, the company’s Global Brands and its Partner Brands have the following ships on order. The expected delivery dates for all of the company’s ships on order are subject to change due to events such as shipyard construction delays or agreed upon scope changes which impact the delivery timelines.

During the quarter ended December 31, 2024, the company received commitments for the unsecured financing of the seventh Oasis-class ship for up to 80% of the ship’s contract price and its building contract with Chantiers de l’Atlantique became effective. Bpifrance Assurance Export, the official French export credit agency, has agreed to guarantee to the lenders 100% of the financing.

In addition, during 2024, the company entered into an agreement with Meyer Turku Oy and Chantiers de l' Atlantique to build a fourth Icon-class ship for delivery in 2027 and a sixth Edge-class ship for delivery in 2028. The agreements are contingent upon completion of certain conditions precedent including financing.

In January 2025, the company announced the launch of Celebrity River Cruises, a premium river cruise vacation. The company entered into agreements for the commitment to an initial order of 10 ships with plans to sail in 2027.

Seasonality

The company’s revenues have historically been seasonal based on the demand for cruises. Demand is typically strongest for cruises during the Northern Hemisphere’s summer months and holidays. In order to mitigate the impact of the winter weather in the Northern Hemisphere and to capitalize on the summer season in the Southern Hemisphere, the company’s brands have focused on deployment in the Caribbean, Asia and Australia during that period.

Trademarks

The company owns a number of registered trademarks related to the Royal Caribbean, Celebrity Cruises and Silversea Cruises cruise brands. The registered trademarks include the name Royal Caribbean and its crown and anchor logo, the name Celebrity Cruises and its X logo, the name Silversea Cruises and its logo, and the names of various cruise ships, ship venues, private destinations, and other marketing programs.

Onboard Activities and Other Revenues

The company’s cruise brands offer modern fleets with a wide array of onboard services, amenities and activities which vary by brand and ship. In conjunction with its cruise vacations, the company offers pre- and post-cruise hotel and tour packages to its Royal Caribbean, Celebrity Cruises and Silversea Cruises guests. The company also offers cruise vacation protection coverage to guests in a number of markets, which provides guests with coverage for trip cancellation, medical protection and baggage protection.

Regulation

The company’s ships are required to comply with international safety standards defined in the International Convention for Safety of Life at Sea (‘SOLAS’), which, among other things, establish requirements for ship design, structural features, materials, construction, lifesaving equipment and safe management and operation of ships for guest and crew safety. The SOLAS standards are revised from time to time and incorporated in the company’s ship design and operation, as applicable.

All of the company’s operations and ships are regularly audited by various national authorities, and the company is required to maintain the relevant certificates of compliance with the ISM Code (International Safety Management Code). Additionally, the company is required to meet, and the company fully complies with, the provisions outlined in the Standards of Training, Certification, and Watchkeeping for Seafarers (STCW).

The company’s ships are subject to various security requirements, including the International Ship and Port Facility Security Code (ISPS Code), which is part of SOLAS, and the U.S. Maritime Transportation Security Act of 2002 (MTSA), which applies to ships that operate in U.S. ports. The security plans for all of the company’s ships have been submitted to and approved by the Recognized Security Organization on behalf of the ships' flag state and are in compliance with the ISPS Code and the MTSA.

The company’s ships are subject to the International Maritime Organization’s (IMO) regulations under the International Convention for the Prevention of Pollution from Ships (the MARPOL Regulations) and the International Convention for the Control and Management of Ships Ballast Water and Sediments (Ballast Water Management Convention), in addition to other regional and national regulations, such as EU Directives and the US Vessel General Permit, which includes requirements designed to minimize pollution by oil, sewage, garbage, air emissions and the transfer of non-native/non-indigenous species.

The company is required to obtain certificates from the United States Federal Maritime Commission relating to the company’s ability to satisfy liability in cases of non-performance of obligations to guests, as well as casualty and personal injury.

The company is also required by the United Kingdom, Norway, Finland, Iceland and the Baltics to establish the company’s financial responsibility for any liability resulting from the non-performance of the company’s obligations to guests from these jurisdictions. In the United Kingdom the company is required by the Association of British Travel Agents to provide performance bonds in varying amounts during the course of the year, up to £183 million during the peak season. Additionally, the company is required by the Civil Aviation Authority to provide performance bonds totaling £25 million. The company maintains with the Norwegian Travel Guarantee Fund performance bonds in varying amounts during the course of the year to cover the company’s financial responsibility in Norway, Finland, Iceland and the Baltics.

The company is required to obtain certificates from the United States Federal Maritime Commission relating to its ability to satisfy liability in cases of non-performance of obligations to guests, as well as casualty and personal injury.

History

Royal Caribbean Cruises Ltd. was founded in 1968. The company was incorporated in 1985 in the Republic of Liberia under the Business Corporation Act of Liberia.

Royal Caribbean Cruises Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Cruise revenue: 100% (2025) Top 3 markets: North America: approx. 55% Europe: approx. 25% Asia-Pacific: approx. 15% Royal Caribbean Cruises Ltd. generates all its revenue from the cruise industry. The company offers a variety of cruises, ranging from short trips to longer cruises, appealing to dif...

At which locations are the company’s products manufactured?

Production Sites: No specific production sites, as Royal Caribbean Cruises Ltd. offers services. Royal Caribbean Cruises Ltd. is a cruise company and does not produce physical products in the traditional sense. Instead, it offers services in the form of cruise travel. The "production" of t...

What strategy does Royal Caribbean Cruises pursue for future growth?

Revenue growth: 10.5% (2024, estimate) Fleet expansion: 5 new ships by 2027 Royal Caribbean Cruises Ltd. pursues a strategy of sustainable growth through fleet expansion and innovation. The company plans to expand its fleet by five new ships by 2027. These new ships are equipped with state-of-the-ar...

Which raw materials are imported and from which countries?

Main raw materials: Fuel, food, beverages, construction and equipment components Countries of origin: Fuel: Mainly from the USA and the Middle East Food and beverages: USA, Europe, South America Construction and equipment components: China, Germany, Italy Royal Caribbean Cruises Ltd. imports a var...

How strong is the company’s competitive advantage?

Market share: Approx. 25% (estimated for 2025) Fleet size: Over 60 ships Degree of innovation: High (new ship classes and technologies) Royal Caribbean Cruises Ltd. (NYSE:RCL) possesses a significant competitive advantage in the cruise industry, which is manifested by several factors. With an estima...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: Approx. 70% (estimated for 2025 based on historical data) Insider Purchases/Sales: No specific data available for 2025 The institutional investor share in Royal Caribbean Cruises Ltd. traditionally stands at around 70%. This high participation demonstrates institutional...

What percentage market share does Royal Caribbean Cruises have?

Market share of Royal Caribbean Cruises Ltd.: 23% (2025, estimated) Main competitors and their market shares: Carnival Corporation & plc: 35% (2025, estimated) Royal Caribbean Cruises Ltd.: 23% (2025, estimated) Norwegian Cruise Line Holdings Ltd.: 15% (2025, estimated) MSC Cruises: 10% (2025,...

Is Royal Caribbean Cruises stock currently a good investment?

Revenue growth: 20% (2024) Passenger capacity: 110% compared to 2019 (2024) Net income: $1.5 billion USD (2024) Royal Caribbean Cruises Ltd. recorded strong revenue growth of 20% in 2024, attributed to the recovery of the cruise industry post-pandemic and increased demand for cruise travel. Passenge...

Does Royal Caribbean Cruises pay a dividend – and how reliable is the payout?

Dividend payment: Yes, Royal Caribbean Cruises Ltd. pays a dividend. Dividend yield: 3.2% (2025) Payout ratio: 55% (2025) Royal Caribbean Cruises Ltd. has resumed its dividend payments after recovering from the pandemic. The current dividend yield stands at 3.2%, which is competitive compared to o...

Royal Caribbean Cruises Stock Value

Royal Caribbean Cruises Company Info

Analyst Price Target

Top growth stocks in the consumer discretionary sector (5Y.)

What does Royal Caribbean Cruises do?

Royal Caribbean Cruises Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal