Company Dossier · Consumer Discretionary
Royal Caribbean Group
- S&P 500
- Russell 1000
What Royal Caribbean Group is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $18.7 billion, up 8.7% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: −$0.42 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $7.20 billion, up 235% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $1.16 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $4.67 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 28, 2026): sentiment 0.40 on a −1 to +1 scale (mixed), confidence 0.80 of 1.Palanor Discourse
- Guidance in the last 90 days: 2 outlook figures raised, 2 lowered, 1 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 11, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $4.0 million on the open market.SEC Form 4
- 1,234 institutional managers reported a position at June 30, 2026 (+57 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 7 (18 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What Royal Caribbean Group is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding · Hedging
Expanding ↔ Retrenching
Expanding
- Capital spending88th pct
- Debt raised73rd pct
- Buybacks vs capex83rd pct
- Hiring filings59th pct
- Deals and private raises48th pct
- Patent publications29th pct
Confident ↔ Hedging
Hedging
- Call sentiment26th pct
- Call confidence44th pct
- Guidance changes43rd pct
- Risk factors added73rd pct
- Insider open-market trades42nd pct
- − Call sentiment
- + Risk factors added
- − Guidance changes
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver59th pct
- Stress filings50th pct
Credit
How these are built →Royal Caribbean Group's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$22.8B
- Due within a year $1.6B
- Longer term $21.3B
- Default point $12.2B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$3.8B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Aug 6, 2026 | $1.25B | 5.550% | 2034 (7y) | +105bp | 5.578% |
| Feb 12, 2026 | $1.25B | 4.750% | 2033 (7y) | +92bp | 4.797% |
| Feb 12, 2026 | $1.25B | 5.250% | 2038 (12y) | +117bp | 5.269% |
| Sep 22, 2025 | $1.5B | 5.375% | 2036 (10y) | +125bp | 5.395% |
From the pricing term sheets Royal Caribbean Group filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
In the news
Headlines that name Royal Caribbean Group, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralRoyal Caribbean cruise ship woman missing for nearly a day found alive after 20 hours in sea off Greece
economictimes.indiatimes.com · via Marketaux · Oct 11, 2026
- NeutralRoyal Caribbean (RCL) Earned $4.4 Billion and Its Free Cash Flow Was Negative. Where Did It Go?
insidermonkey.com · via Marketaux · Oct 5, 2026
- NeutralCiti Removes 90-Day Catalyst Watch on Royal Caribbean (RCL) After 17% Rally
gurufocus.com · via Marketaux · Oct 2, 2026
- NeutralRoyal Caribbean nears deal for Sandals valuing resorts at more than $6bn
FT Companies · Sep 22, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 18, 2026LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)third_quarter 2026 · $0.1 million
- Oct 2, 2026Trademark
- Sep 2, 2026Trademark
- Aug 20, 20268-KMaterial agreement signedItem 1.01
- Aug 7, 20268-KMaterial agreement signedItem 1.01
- Jul 20, 20268-KDirector or officer changeItem 5.02
- Jul 16, 2026LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)second_quarter 2026 · $0.1 million
- May 29, 2026Trademark
- May 28, 20268-KShareholder vote resultsItem 5.07
- May 13, 2026Trademark
- May 6, 2026Trademark
- May 5, 2026Patent
- Apr 15, 2026LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)first_quarter 2026 · $0.1 million
- Feb 27, 20268-KMaterial agreement signedItem 1.01
- Feb 17, 20268-KDirector or officer changeItem 5.02
- Feb 13, 20268-KMaterial agreement signedItem 1.01
- Feb 11, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 15, 2026LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)fourth_quarter 2025 · $0.1 million
- Jan 6, 2026Patent
- Nov 25, 2025Patent
- Oct 16, 2025LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)third_quarter 2025 · $0.1 million
- Oct 1, 20258-KMaterial agreement signedItem 1.01
- Sep 23, 20258-KMaterial agreement signedItem 1.01
- Jul 17, 2025LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)second_quarter 2025 · $0.1 million
- Jun 27, 20258-KMaterial agreement signedItem 1.01
- May 28, 20258-KShareholder vote resultsItem 5.07
- May 15, 20258-KMaterial agreement signedItem 1.01
- Apr 17, 2025LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)first_quarter 2025 · $0.1 million
- Apr 1, 20258-KMaterial agreement signedItem 1.01
- Mar 18, 2025PatentPatent granted: DEPLOYABLE SLACKLINEUS 12251615
- Feb 14, 202510-KAnnual report (10-K)1 risk factors added, 5 removed
- Jan 17, 2025LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)fourth_quarter 2024 · $0.1 million
- Sep 10, 2024Patent
- Feb 21, 202410-KAnnual report (10-K)0 risk factors added, 3 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Expedia Group EXPE | $15.7B | $4.5B | Jun 30, 2026 |
| Carnival Corporation CCL | $27.6B | $3.2B | Aug 31, 2026 |
| Hilton Worldwide HLT | $12.5B | $2.0B | Jun 30, 2026 |
| Norwegian Cruise Line Holdings NCLH | $10.2B | −$1.2B | Jun 30, 2026 |
| Travel + Leisure Co. TNL | $4.1B | $0.4B | Jun 30, 2026 |
| Choice Hotels CHH | $1.6B | — | Jun 30, 2026 |
| Wyndham Hotels & Resorts WH | $1.4B | $0.3B | Jun 30, 2026 |
| Viking Holdings VIK | — | — | — |