Royal Caribbean Cruises Ltd (RCL) — Cash Flow Quality Index
Royal Caribbean Cruises Ltd (RCL) has a Cash Flow Quality Index of 1.95x as of March 2026. Operating cash flow of $1.83 Billion exceeds net income of $942.00 Million, indicating high earnings quality where cash backs reported profits. Explore Royal Caribbean Cruises Ltd strategic investment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Royal Caribbean Cruises Ltd Cash Flow Quality Index (1991–2025)
Historical Cash Flow Quality Index for Royal Caribbean Cruises Ltd across 32 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Royal Caribbean Cruises Ltd (RCL) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Royal Caribbean Cruises Ltd (1991–2025)
Year-by-year earnings quality comparison for Royal Caribbean Cruises Ltd. For live market cap and the full company financial profile, see Royal Caribbean Cruises Ltd (RCL) market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.51x | $6.46 Billion | $4.29 Billion | ▼ -17.1% |
| 2024 | 1.82x | $5.26 Billion | $2.90 Billion | ▼ -30.8% |
| 2023 | 2.63x | $4.48 Billion | $1.70 Billion | ▲ +34.9% |
| 2019 | 1.95x | $3.72 Billion | $1.91 Billion | ▲ +1.7% |
| 2018 | 1.92x | $3.48 Billion | $1.82 Billion | ▲ +8.3% |
| 2017 | 1.77x | $2.87 Billion | $1.63 Billion | ▼ -9.8% |
| 2016 | 1.96x | $2.52 Billion | $1.28 Billion | ▼ -32.9% |
| 2015 | 2.92x | $1.95 Billion | $665.78 Million | ▲ +28.1% |
| 2014 | 2.28x | $1.74 Billion | $764.15 Million | ▼ -23.4% |
| 2013 | 2.98x | $1.41 Billion | $473.69 Million | ▼ -96.1% |
| 2012 | 75.56x | $1.38 Billion | $18.29 Million | ▲ +3052.7% |
| 2011 | 2.40x | $1.46 Billion | $607.42 Million | ▼ -25.7% |
| 2010 | 3.23x | $1.66 Billion | $515.65 Million | ▼ -38.0% |
| 2009 | 5.20x | $844.88 Million | $162.42 Million | ▲ +178.6% |
| 2008 | 1.87x | $1.07 Billion | $573.72 Million | ▼ -11.2% |
| 2007 | 2.10x | $1.27 Billion | $603.40 Million | ▲ +40.5% |
| 2006 | 1.50x | $948.51 Million | $633.92 Million | ▼ -3.6% |
| 2005 | 1.55x | $1.11 Billion | $715.96 Million | ▼ -31.6% |
| 2004 | 2.27x | $1.08 Billion | $474.69 Million | ▼ -25.8% |
| 2003 | 3.06x | $857.80 Million | $280.66 Million | ▲ +23.3% |
| 2002 | 2.48x | $870.47 Million | $351.28 Million | ▼ -0.5% |
| 2001 | 2.49x | $633.69 Million | $254.46 Million | ▲ +57.7% |
| 2000 | 1.58x | $703.32 Million | $445.36 Million | ▲ +3.9% |
| 1999 | 1.52x | $583.36 Million | $383.85 Million | ▼ -13.5% |
| 1998 | 1.76x | $526.86 Million | $299.74 Million | ▼ -28.1% |
| 1997 | 2.45x | $434.10 Million | $177.50 Million | ▲ +23.2% |
| 1996 | 1.98x | $299.50 Million | $150.90 Million | ▲ +31.7% |
| 1995 | 1.51x | $224.60 Million | $149.00 Million | ▼ -1.4% |
| 1994 | 1.53x | $217.50 Million | $142.30 Million | ▼ -24.9% |
| 1993 | 2.04x | $217.30 Million | $106.70 Million | ▼ -28.5% |
| 1992 | 2.85x | $172.50 Million | $60.60 Million | ▼ -84.4% |
| 1991 | 18.30x | $78.70 Million | $4.30 Million | — |