Royal Caribbean Cruises Ltd (RCL) — Free Cash Flow Generation Index
Royal Caribbean Cruises Ltd (RCL) has a Free Cash Flow Generation Index of -0.47x as of June 2026. Free cash flow of $-877.00 Million represents 0% of operating cash flow ($1.86 Billion). Explore Royal Caribbean Cruises Ltd (RCL) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Royal Caribbean Cruises Ltd Free Cash Flow Generation Index (1991–2025)
Historical FCF Generation Index trend for Royal Caribbean Cruises Ltd across 33 annual periods. For the full cash flow conversion analysis, see Royal Caribbean Cruises Ltd cash flow conversion.
Annual Free Cash Flow Generation for Royal Caribbean Cruises Ltd (1991–2025)
Year-by-year Free Cash Flow Generation Index for Royal Caribbean Cruises Ltd. Check Royal Caribbean Cruises Ltd (RCL) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.19x | $1.24 Billion | $6.46 Billion | $5.23 Billion | ▼ -49.6% |
| 2024 | 0.38x | $2.00 Billion | $5.26 Billion | $3.27 Billion | ▲ +192.8% |
| 2023 | 0.13x | $580.00 Million | $4.48 Billion | $3.90 Billion | ▲ +102.8% |
| 2022 | -4.63x | $-2.23 Billion | $481.00 Million | $2.71 Billion | ▼ -2589.8% |
| 2019 | 0.19x | $691.70 Million | $3.72 Billion | $3.02 Billion | ▲ +458.0% |
| 2018 | -0.05x | $-180.89 Million | $3.48 Billion | $3.66 Billion | ▼ -106.5% |
| 2017 | 0.80x | $2.31 Billion | $2.87 Billion | $564.14 Million | ▲ +8959.8% |
| 2016 | 0.01x | $22.33 Million | $2.52 Billion | $2.49 Billion | ▼ -94.8% |
| 2015 | 0.17x | $333.03 Million | $1.95 Billion | $1.61 Billion | ▲ +541.1% |
| 2014 | -0.04x | $-67.64 Million | $1.74 Billion | $1.81 Billion | ▼ -108.4% |
| 2013 | 0.46x | $648.29 Million | $1.41 Billion | $763.78 Million | ▲ +603.0% |
| 2012 | 0.07x | $90.23 Million | $1.38 Billion | $1.29 Billion | ▼ -66.3% |
| 2011 | 0.19x | $282.11 Million | $1.46 Billion | $1.17 Billion | ▲ +161.5% |
| 2010 | -0.32x | $-524.17 Million | $1.66 Billion | $2.19 Billion | ▲ +83.7% |
| 2009 | -1.93x | $-1.63 Billion | $844.88 Million | $2.48 Billion | ▼ -79.7% |
| 2008 | -1.08x | $-1.15 Billion | $1.07 Billion | $2.22 Billion | ▼ -2702.9% |
| 2007 | -0.04x | $-48.69 Million | $1.27 Billion | $1.32 Billion | ▲ +84.3% |
| 2006 | -0.24x | $-232.07 Million | $948.51 Million | $1.18 Billion | ▼ -139.9% |
| 2005 | 0.61x | $681.46 Million | $1.11 Billion | $429.90 Million | ▲ +48.0% |
| 2004 | 0.41x | $446.32 Million | $1.08 Billion | $630.67 Million | ▲ +307.0% |
| 2003 | -0.20x | $-171.73 Million | $857.80 Million | $1.03 Billion | ▼ -196.6% |
| 2002 | 0.21x | $180.48 Million | $870.47 Million | $689.99 Million | ▲ +111.9% |
| 2001 | -1.74x | $-1.10 Billion | $633.69 Million | $1.74 Billion | ▼ -110.4% |
| 2000 | -0.83x | $-582.33 Million | $703.32 Million | $1.29 Billion | ▼ -24.1% |
| 1999 | -0.67x | $-389.12 Million | $583.36 Million | $972.48 Million | ▼ -182.1% |
| 1998 | -0.24x | $-124.59 Million | $526.86 Million | $651.45 Million | ▲ +87.5% |
| 1997 | -1.90x | $-824.50 Million | $434.10 Million | $1.26 Billion | ▼ -34.5% |
| 1996 | -1.41x | $-422.90 Million | $299.50 Million | $722.40 Million | ▼ -56.3% |
| 1995 | -0.90x | $-202.90 Million | $224.60 Million | $427.50 Million | ▼ -372.9% |
| 1994 | 0.33x | $72.00 Million | $217.50 Million | $145.50 Million | ▼ -47.4% |
| 1993 | 0.63x | $136.80 Million | $217.30 Million | $80.50 Million | ▲ +213.5% |
| 1992 | -0.55x | $-95.70 Million | $172.50 Million | $268.20 Million | ▲ +86.3% |
| 1991 | -4.05x | $-318.90 Million | $78.70 Million | $397.60 Million | — |