Royal Caribbean Group (RCL) - Net Assets
Based on the latest financial reports, Royal Caribbean Group (RCL) has net assets worth MX$10.24 Billion MXN as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$41.62 Billion) and total liabilities (MX$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 | MX$10.24 Billion |
| % of Total Assets | 24.62% |
| Annual Growth Rate | 1.95% |
| 5-Year Change | 101.45% |
| 10-Year Change | 12.32% |
| Growth Volatility | 35.32 |
Royal Caribbean Group - Net Assets Trend (2014–2025)
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 (2014–2025)
The table below shows the annual net assets of Royal Caribbean Group from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | MX$10.24 Billion | +32.45% |
| 2024-12-31 | MX$7.74 Billion | +57.89% |
| 2023-12-31 | MX$4.90 Billion | +70.77% |
| 2022-12-31 | MX$2.87 Billion | -43.59% |
| 2021-12-31 | MX$5.09 Billion | -41.95% |
| 2020-12-31 | MX$8.76 Billion | -27.98% |
| 2019-12-31 | MX$12.16 Billion | +9.53% |
| 2018-12-31 | MX$11.11 Billion | +3.77% |
| 2017-12-31 | MX$10.70 Billion | +17.33% |
| 2016-12-31 | MX$9.12 Billion | +13.13% |
| 2015-12-31 | MX$8.06 Billion | -2.67% |
| 2014-12-31 | MX$8.28 Billion | -- |
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 decreased by 9.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$5.92 Billion | 59.03% |
| Other Components | MX$4.11 Billion | 40.97% |
| Total Equity | MX$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 |
|---|---|
|
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
|
$77.99 Billion |
|
O’Reilly Automotive Inc
NASDAQ:ORLY
|
$78.03 Billion |
|
AXA SA
PA:CS
|
$78.31 Billion |
|
Illinois Tool Works Inc
NYSE:ITW
|
$78.43 Billion |
|
Royal Caribbean Cruises Ltd
NYSE:RCL
|
$77.85 Billion |
|
Ecolab Inc
NYSE:ECL
|
$77.83 Billion |
|
Synopsys Inc
NASDAQ:SNPS
|
$77.57 Billion |
|
Schlumberger Limited
SA:SLBG34
|
$77.51 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 4,268,000,000 contributed positively to equity growth.
- Dividend payments of 824,000,000 reduced retained earnings.
- Share repurchases of 1,159,000,000 reduced equity.
- Other factors increased equity by 189,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$4.27 Billion | +42.52% |
| Dividends Paid | MX$824.00 Million | -8.21% |
| Share Repurchases | MX$1.16 Billion | -11.55% |
| Other Changes | MX$189.00 Million | +1.88% |
| Total Change | MX$- | 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: 134.77x
- 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 increased from 99.71x to 134.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$50.17 | MX$5002.00 | x |
| 2018-12-31 | MX$53.13 | MX$5002.00 | x |
| 2019-12-31 | MX$58.26 | MX$5002.00 | x |
| 2020-12-31 | MX$36.90 | MX$5002.00 | x |
| 2021-12-31 | MX$19.96 | MX$5002.00 | x |
| 2022-12-31 | MX$11.24 | MX$5002.00 | x |
| 2023-12-31 | MX$18.42 | MX$5002.00 | x |
| 2024-12-31 | MX$28.13 | MX$5002.00 | x |
| 2025-12-31 | MX$37.12 | MX$5002.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Caribbean Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 42.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.80%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 4.15x
- Recent ROE (42.52%) is above the historical average (-4.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 9.22% | 9.46% | 0.39x | 2.50x | MX$-64.29 Million |
| 2015 | 8.26% | 8.02% | 0.40x | 2.58x | MX$-140.52 Million |
| 2016 | 14.07% | 15.11% | 0.38x | 2.45x | MX$371.25 Million |
| 2017 | 15.18% | 18.51% | 0.39x | 2.08x | MX$554.90 Million |
| 2018 | 16.31% | 19.08% | 0.34x | 2.49x | MX$700.50 Million |
| 2019 | 15.45% | 17.16% | 0.36x | 2.49x | MX$662.50 Million |
| 2020 | -66.18% | -262.47% | 0.07x | 3.71x | MX$-6.67 Billion |
| 2021 | -103.44% | -343.34% | 0.05x | 6.34x | MX$-5.77 Billion |
| 2022 | -75.15% | -24.39% | 0.26x | 11.77x | MX$-2.44 Billion |
| 2023 | 35.92% | 12.21% | 0.40x | 7.44x | MX$1.22 Billion |
| 2024 | 38.04% | 17.45% | 0.44x | 4.90x | MX$2.12 Billion |
| 2025 | 42.52% | 23.80% | 0.43x | 4.15x | MX$3.26 Billion |
Industry Comparison
This section compares Royal Caribbean Group's net assets metrics with peer companies in the Travel Services industry.
No peer company data available for comparison.
About 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 December 31, 2025, it operated 69 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.