Royal Caribbean Cruises (RCL)

Admiral Management Inc. • Adventure of the Seas Inc. • Allure of the Seas Inc. • Anthem of the Seas Inc. • Brilliance of the Seas Shipping Inc. • Celebrity Ascent LLC • Celebrity Apex Inc. • Celebrity Beyond LLC • Celebrity Cruise Lines Inc. • Celebrity Cruises Holdings Inc. ...

IRS number

980081645

RCL stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$293.78

Low target

$225.00

High target

$330.00

Latest filings (excl ownership)

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14 Feb 25

Royal Caribbean Group Reports 2024 Results, Issues 2025 Guidance and Announces Launch of River Vacations

29 Oct 24

Royal Caribbean Group Reports Third Quarter Results and Increases Full Year Guidance

29 Oct 24

8-K

Royal Caribbean Group announces completion of $1.5 billion offering of senior unsecured notes to refinance existing indebtedness

26 Sep 24

8-K

Royal Caribbean Group announces upsizing and pricing of $1.5 billion offering of senior unsecured notes to refinance existing indebtedness

16 Sep 24

8-K

Royal Caribbean Group announces proposed offering of senior unsecured notes to refinance existing indebtedness

16 Sep 24

8-K

Royal Caribbean Group announces completion of private exchanges with certain holders of its 6.000% convertible senior notes due 2025

20 Aug 24

8-K

Entry into a Material Definitive Agreement

12 Aug 24

8-K

Royal Caribbean Group announces entry into exchange agreements with certain holders of its outstanding 6.000% convertible senior notes due 2025

6 Aug 24

Transcripts

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RCL

Earnings call transcript

2024 Q4

28 Jan 25

RCL

Earnings call transcript

2024 Q3

29 Oct 24

RCL

Earnings call transcript

2024 Q2

25 Jul 24

RCL

Earnings call transcript

2024 Q1

25 Apr 24

RCL

Earnings call transcript

2023 Q4

1 Feb 24

RCL

Earnings call transcript

2023 Q3

26 Oct 23

RCL

Earnings call transcript

2023 Q2

27 Jul 23

RCL

Earnings call transcript

2023 Q2

27 Jul 23

RCL

Earnings call transcript

2023 Q1

4 May 23

RCL

Earnings call transcript

2022 Q4

7 Feb 23

Latest ownership filings

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Notice of proposed sale of securities

18 Feb 25

144

Notice of proposed sale of securities

18 Feb 25

144

Notice of proposed sale of securities

18 Feb 25

144

Notice of proposed sale of securities

Notice of proposed sale of securities

13 Feb 25

Financial summary

Financial statements Chart RCL financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	388.00 mm	388.00 mm	388.00 mm	388.00 mm	388.00 mm	388.00 mm
Cash burn (monthly)	10.00 mm	9.08 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	20.21 mm	18.36 mm	n/a	n/a	n/a	n/a
Cash remaining	367.79 mm	369.64 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	36.8	40.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

RCL institutional ownership history Ownership history

90.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1016	943	+7.7%
Opened positions	179	129	+38.8%
Closed positions	106	95	+11.6%
Increased positions	365	321	+13.7%
Reduced positions	310	327	-5.2%

13F shares	Current	Prev Q	Change
Total value	47.75 tn	35.69 tn	+33.8%
Total shares	242.29 mm	239.38 mm	+1.2%
Total puts	10.62 mm	11.39 mm	-6.8%
Total calls	7.27 mm	9.68 mm	-24.9%
Total put/call ratio	1.5	1.2	+24.1%

Largest owners	Shares	Value	Change
Capital International Investors	29.71 mm	$6.85 tn	+0.9%
Capital Research Global Investors	28.23 mm	$6.51 tn	-7.5%
Vanguard	28.07 mm	$6.48 tn	+8.0%
A Wilhelmsen A S	18.17 mm	$4.99 bn	-13.8%
BlackRock	17.93 mm	$4.14 tn	+7.5%
Capital World Investors	15.76 mm	$3.64 tn	+14.8%
Osiris	11.50 mm	$884.11 mm	0.0%
STT State Street	10.24 mm	$2.37 tn	+8.1%
Geode Capital Management	5.97 mm	$1.37 tn	+6.3%
Primecap Management	4.27 mm	$984.74 bn	-10.7%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	3.07 mm	+3.07 mm	NEW
A Wilhelmsen A S	18.17 mm	-2.90 mm	-13.8%
Capital Research Global Investors	28.23 mm	-2.28 mm	-7.5%
Vanguard	28.07 mm	+2.07 mm	+8.0%
Capital World Investors	15.76 mm	+2.03 mm	+14.8%
BlackRock	17.93 mm	+1.25 mm	+7.5%
D. E. Shaw & Co.	1.10 mm	-1.18 mm	-51.7%
JPM JPMorgan Chase & Co.	1.70 mm	-1.17 mm	-40.8%
RJF Raymond James Financial	1.07 mm	+1.07 mm	NEW
JHG Janus Henderson	963.03 k	+936.61 k	+3544.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RCL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Feb 25	Michael W Bayley	Common Stock	Sell	Dispose S	No	No	265.11	1,613	427.62 k	33,022
18 Feb 25	Michael W Bayley	Common Stock	Sell	Dispose S	No	No	263.24	12,409	3.27 mm	34,635
18 Feb 25	Michael W Bayley	Common Stock	Sell	Dispose S	No	No	262.3	16,072	4.22 mm	47,044
18 Feb 25	Michael W Bayley	Common Stock	Sell	Dispose S	No	No	261.45	11,372	2.97 mm	63,116
18 Feb 25	Michael W Bayley	Common Stock	Sell	Dispose S	No	No	260.51	4,804	1.25 mm	74,488
18 Feb 25	Michael W Bayley	Common Stock	Sell	Dispose S	No	No	259.09	2,864	742.03 k	79,292
18 Feb 25	Laura H Bethge	Common Stock	Sell	Dispose S	No	No	263.45	2,225	586.18 k	21,155
18 Feb 25	Laura H Bethge	Common Stock	Sell	Dispose S	No	No	262.64	4,493	1.18 mm	23,380
18 Feb 25	Laura H Bethge	Common Stock	Sell	Dispose S	No	No	261.63	5,004	1.31 mm	27,873
18 Feb 25	Laura H Bethge	Common Stock	Sell	Dispose S	No	No	260.57	1,756	457.56 k	32,877