Royal Caribbean Cruises Ltd. (RCL) FCF Payout Ratio: 98.83%
Is Royal Caribbean Cruises Ltd.’s FCF payout ratio high or low?
Royal Caribbean Cruises Ltd.'s FCF payout ratio of 98.83% is 640% above its 1-year average of 13.36%, near the high end of its 1-year range (5.36%–98.83%).
639.82% above its 12-month average of 13.36%.
RCL FCF Payout Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
RCL Average FCF Payout Ratio Chart
RCL Current vs Average FCF Payout Ratio Chart
RCL FCF Payout Ratio Metrics
FCF PAYOUT RATIO
98.83%
FCF PAYOUT RATIO AVG TTM
13.36%
FCF PAYOUT RATIO AVG 3Y
13.36%
FCF PAYOUT RATIO AVG 5Y
13.36%
FCF PAYOUT RATIO AVG 10Y
43.38%
FCF PAYOUT RATIO AVG 15Y
47.15%
FCF PAYOUT RATIO AVG 20Y
43.85%
CURRENT VS TTM AVG
+639.82%
CURRENT VS 3Y AVG
+639.82%
CURRENT VS 5Y AVG
+639.82%
CURRENT VS 10Y AVG
+127.80%
CURRENT VS 15Y AVG
+109.60%
CURRENT VS 20Y AVG
+125.39%
Payout Ratio Comparison
FCF Payout Ratio
98.8%
Earnings Payout Ratio
31.8%
Dividend Yield
1.56%
FCF Yield
1.58%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.24B | $264.00M | 21.4% |
| 2024 | $2.00B | $107.00M | 5.4% |
| 2023 | $580.00M | $0 | 0.0% |
| 2022 | ($2.23B) | $0 | N/A (Loss) |
| 2021 | ($4.11B) | $0 | N/A (Loss) |
| 2020 | ($5.70B) | $326.42M | N/A (Loss) |
| 2019 | $691.70M | $602.67M | 87.1% |
| 2018 | ($180.89M) | $527.49M | N/A (Loss) |
| 2017 | $2.31B | $437.45M | 18.9% |
| 2016 | $22.33M | $346.49M | n/m |
| 2015 | $333.03M | $280.21M | 84.1% |
| 2014 | ($67.64M) | $198.95M | N/A (Loss) |
| 2013 | $648.29M | $143.63M | 22.2% |
| 2012 | $90.23M | $117.71M | 130.4% |
| 2011 | $282.11M | $21.71M | 7.7% |
| 2010 | ($524.17M) | $0 | N/A (Loss) |
| 2009 | ($1.63B) | $0 | N/A (Loss) |
| 2008 | ($1.15B) | $128.04M | N/A (Loss) |
| 2007 | ($48.69M) | $98.30M | N/A (Loss) |
| 2006 | ($232.07M) | $124.46M | N/A (Loss) |
| 2005 | $681.46M | $118.76M | 17.4% |
| 2004 | $446.32M | $104.52M | 23.4% |
| 2003 | ($171.73M) | $98.32M | N/A (Loss) |
| 2002 | $180.48M | $100.13M | 55.5% |
| 2001 | ($1.10B) | $99.95M | N/A (Loss) |
| 2000 | ($582.33M) | $94.42M | N/A (Loss) |
| 1999 | ($389.12M) | $81.57M | N/A (Loss) |
| 1998 | ($124.59M) | $67.73M | N/A (Loss) |
| 1997 | ($824.50M) | $50.00M | N/A (Loss) |
| 1996 | ($422.90M) | $34.40M | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Royal Caribbean Cruises Ltd. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Royal Caribbean Cruises Ltd. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The FCF payout ratio for RCL stock is 98.83%.
- Is Royal Caribbean Cruises Ltd.'s FCF payout ratio high or low?
- Royal Caribbean Cruises Ltd.'s FCF payout ratio of 98.83% is 640% above its 1-year average of 13.36%, near the high end of its 1-year range (5.36%–98.83%).
- What is the TTM average FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The TTM average FCF payout ratio for RCL stock is 13.36%.
- What is the 3Y average FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 3Y average FCF payout ratio for RCL stock is 13.36%.
- What is the 5Y average FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 5Y average FCF payout ratio for RCL stock is 13.36%.
- What is the 10Y average FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 10Y average FCF payout ratio for RCL stock is 43.38%.
- What is the 15Y average FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 15Y average FCF payout ratio for RCL stock is 47.15%.
- What is the 20Y average FCF payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 20Y average FCF payout ratio for RCL stock is 43.85%.
Royal Caribbean Cruises Ltd. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 21.36% |
| 2024-12-31 | 5.36% |
| 2019-12-31 | 87.13% |
| 2017-12-31 | 18.93% |
| 2015-12-31 | 84.14% |
| 2013-12-31 | 22.16% |
| 2012-12-31 | 130.44% |
| 2011-12-31 | 7.69% |
| 2005-12-31 | 17.43% |
| 2004-12-31 | 23.42% |
| 2002-12-31 | 55.48% |
About Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels. Established in 1968, the company's corporate headquarters are situated in Miami, Florida.
- Sector
- Consumer Cyclical
- Industry
- Travel Services
- CEO
- Jason T. Liberty