Royal Caribbean Cruises Ltd (RCL) — Free Cash Flow Generation Index
Royal Caribbean Cruises Ltd (RCL) has a Free Cash Flow Generation Index of 0.73x as of March 2026. Free cash flow of $1.33 Billion represents 1% of operating cash flow ($1.83 Billion). Read total liabilities of Royal Caribbean Cruises Ltd for a breakdown of total debt and financial obligations.
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. Explore capital reinvestment ratio of Royal Caribbean Cruises Ltd to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full company profile including market capitalisation, see Royal Caribbean Cruises Ltd market cap and net worth.
| 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 | — |