Royal Caribbean Group
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 12, 2025, it operated 67 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.
Royal Caribbean Group (0I1W) - Net Assets
Latest net assets as of December 2025: $10.24 Billion USD
Based on the latest financial reports, Royal Caribbean Group (0I1W) has net assets worth $10.24 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($41.62 Billion) and total liabilities ($31.37 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.24 Billion |
| % of Total Assets | 24.62% |
| Annual Growth Rate | 9.98% |
| 5-Year Change | 101.45% |
| 10-Year Change | 12.32% |
| Growth Volatility | 26.06 |
Royal Caribbean Group - Net Assets Trend (1991–2025)
This chart illustrates how Royal Caribbean Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Royal Caribbean Group (1991–2025)
The table below shows the annual net assets of Royal Caribbean Group from 1991 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.24 Billion | +32.45% |
| 2024-12-31 | $7.74 Billion | +57.89% |
| 2023-12-31 | $4.90 Billion | +70.76% |
| 2022-12-31 | $2.87 Billion | -43.59% |
| 2021-12-31 | $5.09 Billion | -41.95% |
| 2020-12-31 | $8.76 Billion | -31.20% |
| 2019-12-31 | $12.73 Billion | +9.33% |
| 2018-12-31 | $11.65 Billion | +8.83% |
| 2017-12-31 | $10.70 Billion | +17.33% |
| 2016-12-31 | $9.12 Billion | +13.13% |
| 2015-12-31 | $8.06 Billion | -2.67% |
| 2014-12-31 | $8.28 Billion | -5.95% |
| 2013-12-31 | $8.81 Billion | +6.01% |
| 2012-12-31 | $8.31 Billion | -1.18% |
| 2011-12-31 | $8.41 Billion | +5.86% |
| 2010-12-31 | $7.94 Billion | +5.90% |
| 2009-12-31 | $7.50 Billion | +10.24% |
| 2008-12-31 | $6.80 Billion | +0.68% |
| 2007-12-31 | $6.76 Billion | +10.93% |
| 2006-12-31 | $6.09 Billion | +9.67% |
| 2005-12-31 | $5.55 Billion | +15.61% |
| 2004-12-31 | $4.80 Billion | +12.71% |
| 2003-12-31 | $4.26 Billion | +5.66% |
| 2002-12-31 | $4.03 Billion | +7.40% |
| 2001-12-31 | $3.76 Billion | +3.89% |
| 2000-12-31 | $3.62 Billion | +10.88% |
| 1999-12-31 | $3.26 Billion | +32.85% |
| 1998-12-31 | $2.45 Billion | +21.60% |
| 1997-12-31 | $2.02 Billion | +86.07% |
| 1996-12-31 | $1.08 Billion | +12.41% |
| 1995-12-31 | $965.10 Million | +14.13% |
| 1994-12-31 | $845.60 Million | +15.39% |
| 1993-12-31 | $732.80 Million | +57.76% |
| 1992-12-31 | $464.50 Million | +15.00% |
| 1991-12-31 | $403.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royal Caribbean Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10872.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.92 Billion | 59.03% |
| Common Stock | $3.00 Million | 0.03% |
| Other Comprehensive Income | $-604.00 Million | -6.02% |
| Other Components | $4.71 Billion | 46.96% |
| Total Equity | $10.04 Billion | 100.00% |
Royal Caribbean Group Competitors by Market Cap
The table below lists competitors of Royal Caribbean Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Parcel Service Inc
NYSE:UPS
|
$71.96 Billion |
|
Barrick Mining Corporation
NYSE:B
|
$72.46 Billion |
|
Cigna Corp
NYSE:CI
|
$72.47 Billion |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
$72.55 Billion |
|
Marvell Technology Group Ltd
NASDAQ:MRVL
|
$71.74 Billion |
|
Münchener Rück AG
XETRA:MUV2
|
$71.72 Billion |
|
CN YANGT.PWR GDR REG S/A
F:CYZB
|
$71.71 Billion |
|
American Electric Power Co Inc
NASDAQ:AEP
|
$71.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Caribbean Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,563,000,000 to 10,037,000,000, a change of 2,474,000,000 (32.7%).
- Net income of 4,273,000,000 contributed positively to equity growth.
- Dividend payments of 264,000,000 reduced retained earnings.
- Share repurchases of 1,159,000,000 reduced equity.
- Other comprehensive income increased equity by 198,000,000.
- Other factors decreased equity by 574,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.27 Billion | +42.57% |
| Dividends Paid | $264.00 Million | -2.63% |
| Share Repurchases | $1.16 Billion | -11.55% |
| Other Comprehensive Income | $198.00 Million | +1.97% |
| Other Changes | $-574.00 Million | -5.72% |
| Total Change | $- | 32.71% |
Book Value vs Market Value Analysis
This analysis compares Royal Caribbean Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 74.60x to 7.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $3.76 | $280.30 | x |
| 1992-12-31 | $4.52 | $280.30 | x |
| 1993-12-31 | $6.18 | $280.30 | x |
| 1994-12-31 | $6.69 | $280.30 | x |
| 1995-12-31 | $7.58 | $280.30 | x |
| 1996-12-31 | $8.48 | $280.30 | x |
| 1997-12-31 | $13.14 | $280.30 | x |
| 1998-12-31 | $13.58 | $280.30 | x |
| 1999-12-31 | $17.50 | $280.30 | x |
| 2000-12-31 | $18.75 | $280.30 | x |
| 2001-12-31 | $19.49 | $280.30 | x |
| 2002-12-31 | $20.56 | $280.30 | x |
| 2003-12-31 | $21.57 | $280.30 | x |
| 2004-12-31 | $22.87 | $280.30 | x |
| 2005-12-31 | $25.29 | $280.30 | x |
| 2006-12-31 | $28.25 | $280.30 | x |
| 2007-12-31 | $31.58 | $280.30 | x |
| 2008-12-31 | $31.76 | $280.30 | x |
| 2009-12-31 | $34.83 | $280.30 | x |
| 2010-12-31 | $36.48 | $280.30 | x |
| 2011-12-31 | $38.35 | $280.30 | x |
| 2012-12-31 | $37.86 | $280.30 | x |
| 2013-12-31 | $39.87 | $280.30 | x |
| 2014-12-31 | $37.14 | $280.30 | x |
| 2015-12-31 | $36.54 | $280.30 | x |
| 2016-12-31 | $42.17 | $280.30 | x |
| 2017-12-31 | $49.62 | $280.30 | x |
| 2018-12-31 | $52.49 | $280.30 | x |
| 2019-12-31 | $57.94 | $280.30 | x |
| 2020-12-31 | $40.87 | $280.30 | x |
| 2021-12-31 | $20.20 | $280.30 | x |
| 2022-12-31 | $11.25 | $280.30 | x |
| 2023-12-31 | $16.69 | $280.30 | x |
| 2024-12-31 | $27.11 | $280.30 | x |
| 2025-12-31 | $36.77 | $280.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Caribbean Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.82%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 4.15x
- Recent ROE (42.57%) is above the historical average (4.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 1.06% | 0.57% | 0.47x | 4.04x | $-36.09 Million |
| 1992 | 13.05% | 5.98% | 0.55x | 3.96x | $14.15 Million |
| 1993 | 14.56% | 9.59% | 0.61x | 2.47x | $33.42 Million |
| 1994 | 16.15% | 11.66% | 0.63x | 2.21x | $52.04 Million |
| 1995 | 15.44% | 12.58% | 0.54x | 2.28x | $52.49 Million |
| 1996 | 13.91% | 11.12% | 0.48x | 2.62x | $42.41 Million |
| 1997 | 8.67% | 9.03% | 0.36x | 2.65x | $-26.77 Million |
| 1998 | 13.47% | 12.55% | 0.46x | 2.32x | $85.29 Million |
| 1999 | 11.77% | 15.08% | 0.40x | 1.96x | $57.74 Million |
| 2000 | 12.32% | 15.54% | 0.37x | 2.17x | $83.77 Million |
| 2001 | 6.77% | 8.09% | 0.30x | 2.76x | $-121.20 Million |
| 2002 | 8.71% | 10.23% | 0.33x | 2.61x | $-52.19 Million |
| 2003 | 6.58% | 7.42% | 0.33x | 2.66x | $-145.63 Million |
| 2004 | 9.88% | 10.42% | 0.38x | 2.49x | $-5.76 Million |
| 2005 | 12.89% | 14.60% | 0.44x | 2.03x | $160.51 Million |
| 2006 | 10.41% | 12.12% | 0.39x | 2.20x | $24.76 Million |
| 2007 | 8.93% | 9.81% | 0.41x | 2.22x | $-72.33 Million |
| 2008 | 8.43% | 8.78% | 0.40x | 2.42x | $-106.58 Million |
| 2009 | 2.17% | 2.76% | 0.32x | 2.43x | $-587.55 Million |
| 2010 | 6.49% | 7.64% | 0.34x | 2.48x | $-278.60 Million |
| 2011 | 7.22% | 8.06% | 0.38x | 2.36x | $-233.36 Million |
| 2012 | 0.22% | 0.24% | 0.39x | 2.39x | $-812.59 Million |
| 2013 | 5.38% | 5.95% | 0.40x | 2.28x | $-407.13 Million |
| 2014 | 9.22% | 9.46% | 0.39x | 2.50x | $-64.29 Million |
| 2015 | 8.26% | 8.02% | 0.40x | 2.58x | $-140.52 Million |
| 2016 | 14.07% | 15.11% | 0.38x | 2.45x | $371.25 Million |
| 2017 | 15.18% | 18.51% | 0.39x | 2.09x | $554.90 Million |
| 2018 | 16.31% | 19.08% | 0.34x | 2.49x | $700.50 Million |
| 2019 | 15.45% | 17.16% | 0.36x | 2.49x | $662.50 Million |
| 2020 | -66.18% | -262.47% | 0.07x | 3.71x | $-6.67 Billion |
| 2021 | -103.43% | -343.34% | 0.05x | 6.34x | $-5.77 Billion |
| 2022 | -75.15% | -24.39% | 0.26x | 11.77x | $-2.44 Billion |
| 2023 | 35.92% | 12.21% | 0.40x | 7.44x | $1.22 Billion |
| 2024 | 38.04% | 17.45% | 0.44x | 4.90x | $2.12 Billion |
| 2025 | 42.57% | 23.82% | 0.43x | 4.15x | $3.27 Billion |
Industry Comparison
This section compares Royal Caribbean Group's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Caribbean Group (0I1W) | $10.24 Billion | 1.06% | 3.06x | $71.79 Billion |
| Nyfosa AB (0A0K) | $3.48 Billion | 34.90% | 2.92x | $966.63 Million |
| Tethys Oil AB (0A1V) | $56.23 Million | 21.07% | 0.01x | $122.95 Million |
| High Templar Tech Limited (0A2T) | $11.29 Billion | 0.81% | 0.10x | $258.25 Million |
| Strategy Inc (0A7O) | $361.50 Million | 1.39% | 0.55x | $38.08 Billion |
| NACON SASU (0A9N) | $210.72 Million | 8.63% | 0.51x | $7.82 Million |
| Antin Infrastructure Partners (0AA5) | $32.26 Million | 152.50% | 1.23x | $545.92 Million |
| Truecaller AB Series B (0AA7) | $1.51 Billion | 34.81% | 0.30x | $277.14 Million |
| Brockhaus Technologies AG (0AAW) | $315.34 Million | 15.55% | 1.46x | $74.17 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $-10.19 Million | 0.00% | 0.00x | $71.96 Million |
| Kalray S.A. (0ABT) | $39.07 Million | -59.55% | 1.26x | $33.84 Million |