Royal Caribbean's brand strength is a significant asset, as the world's second-largest cruise company by revenue. The company operates renowned brands like Royal Caribbean International, Celebrity Cruises, and Silversea, each with its own unique market segment, allowing Royal Caribbean to cater to a wide range of customer preferences. The company revealed new Discovery Class ship orders with Chantiers de l'Atlantique for deliveries starting in 2029, and together with stronger profitability and planned fleet expansion, the company is positioning itself for a broader, multi-year vacation offering across ocean, river, and land experiences.
Cyborg Score Rationale
Royal Caribbean Group reported full-year 2025 results with $17.9B revenue, $4.3B net income ($15.61 EPS) and $7.0B Adjusted EBITDA. The company expects Adjusted EPS to be in the range of $17.70 to $18.10 per share in 2026, signaling strong forward momentum with double-digit earnings growth. However, the balance between ambitious fleet spending and high debt is something investors should watch closely.
Top Insights
Cyber Sales and the onset of WAVE season have resulted in the highest seven booking weeks in the company's history, with approximately two-thirds of 2026 capacity booked at record rates
The company is expanding its Celebrity River Cruises fleet to 20 vessels by 2031, making it one of the largest European river cruise operators
Royal Caribbean achieved 33% earnings growth in 2025 while expanding margins and reducing leverage, returning $2 billion to shareholders through dividends and share buybacks
Guest spending onboard and pre-cruise purchases continue to exceed prior years driven by greater participation at higher prices, with nearly 50% of onboard revenue in 2025 booked pre-cruise
Named Competitors
Carnival Cruise Line — World's largest cruise operator
Norwegian Cruise Line — Premium cruise experiences
(January 2026) Reported full-year 2025 results with $17.9B revenue, $4.3B net income and 33% earnings growth
(January 2026) Completed a US$200 million share buyback and revealed new Discovery Class ship orders with Chantiers de l'Atlantique for deliveries starting in 2029
(February 2026) Raised quarterly dividend to $1.50 per common share payable on April 3, 2026
Open the full interactive Royal Caribbean Group report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.