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). See Royal Caribbean Cruises Ltd (RCL) liquidity to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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 how well can Royal Caribbean Cruises Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
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 RCL market cap.
| 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 | — |