Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Royal Caribbean Cruises Ltd. (RCL) had Return on Tangible Equity of 45.47% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$17.93B
Net Income	$4.27B
Cost of Goods Sold	$9.08B
Gross Profit	$8.85B
Operating Expenses	$13.02B
Operating Income	$4.91B
Non-Operating Income/Expense	$-537.00M
Pre-Tax Income	$4.37B
Normalized Pre-Tax Income	$4.37B
Income after Taxes	$4.29B
Income from Continuous Operations	$4.29B
Consolidated Net Income/Loss	$4.29B
Normalized Income after Taxes	$4.29B
EBIT	$4.91B
EBITDA	$6.73B
Weighted-Average Shares Outstanding (Basic)	271.00M
Weighted-Average Shares Outstanding (Diluted)	274.00M
Earnings per Share (EPS) (Basic)	$15.75
Earnings per Share (EPS) (Diluted)	$15.61
Balance Sheet Financials
Current Assets	$2.21B
Property, Plant, and Equipment	$35.70B
Long-Term Assets	$39.41B
Total Assets	$41.62B
Current Liabilities	$12.05B
Long-Term Debt	$18.16B
Long-Term Liabilities	$19.32B
Total Liabilities	$31.37B
Common Equity	$10.24B
Tangible Shareholders Equity	$9.44B
Shareholders Equity	$10.24B
Common Shares Outstanding	270.42M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$6.46B
Cash Flow from Investing Activities	$-5.01B
Cash Flow from Financial Activities	$-1.02B
Beginning Cash	$388.00M
End Cash	$825.00M
Increase/Decrease in Cash	$437.00M
Stock-Based Compensation	$175.00M
Common Stock Dividends Paid	$-824.00M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.18
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.64
Debt to Equity Ratio	2.08
Gross Margin	49.36%
Operating Margin	27.38%
EBIT Margin	27.38%
EBITDA Margin	37.50%
Pre-Tax Profit Margin	24.38%
Profit Margin	23.80%
Free Cash Flow	$1.24B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.43
Inventory Turnover	34.41
Receiveable Turnover	56.58
Days Sales in Receivables	6.45
Return on Equity	41.88%
Return on Tangible Equity	45.47%
Return on Assets	10.31%
Return on Investments	15.10%
Book Value Per Share	$37.89
Free Cash Flow per Share	$4.51
Operating Cash Flow per Share	$23.59

Data from Zacks Investment Research, Inc.