Royal Caribbean Cruises Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	431,654	418,967	383,630	160,999	66,683	109,168
Market Cap Growth	8.58%	9.21%	138.28%	141.44%	-38.92%	18.56%
Enterprise Value	541,554	533,197	515,473	258,726	185,002	210,905
Last Close Price	791.30	782.00	715.08	291.00	129.20	211.39
PE Ratio	18.36	17.82	21.56	19.55	-	-
PS Ratio	4.37	4.24	3.76	2.39	1.43	12.79
PB Ratio	7.65	7.43	8.02	6.77	4.40	3.85
P/TBV Ratio	8.87	8.61	9.77	9.49	7.72	5.10
P/FCF Ratio	63.41	61.54	31.06	57.21	-	-
P/OCF Ratio	12.12	11.77	11.78	7.41	26.22	-
EV/Sales Ratio	5.88	5.40	5.06	3.84	3.96	24.71
EV/EBITDA Ratio	14.46	14.59	14.56	12.26	53.59	-
EV/EBIT Ratio	19.79	19.68	20.20	18.42	-	-
EV/FCF Ratio	79.55	78.32	41.74	91.93	-	-
Debt / Equity Ratio	2.15	2.15	2.69	4.52	8.36	4.28
Debt / EBITDA Ratio	3.20	3.20	3.49	4.84	29.23	-
Debt / FCF Ratio	17.83	17.83	10.43	38.16	-	-
Net Debt / Equity Ratio	2.07	2.07	2.64	4.42	7.69	3.75
Net Debt / EBITDA Ratio	3.20	3.20	3.57	4.97	33.78	-7.40
Net Debt / FCF Ratio	17.16	17.16	10.23	37.30	-9.90	-4.64
Asset Turnover	0.46	0.46	0.46	0.40	0.27	0.05
Inventory Turnover	33.49	33.49	32.83	32.08	34.56	20.06
Quick Ratio	0.10	0.10	0.08	0.09	0.29	0.43
Current Ratio	0.18	0.18	0.17	0.19	0.37	0.49
Return on Equity (ROE)	47.73%	47.73%	45.83%	43.87%	-54.21%	-75.98%
Return on Assets (ROA)	7.81%	7.81%	7.14%	5.25%	-1.43%	-7.47%
Return on Invested Capital (ROIC)	15.50%	16.19%	14.85%	11.21%	-3.07%	-15.68%
Return on Capital Employed (ROCE)	16.60%	16.60%	15.10%	11.20%	-3.00%	-15.50%
Earnings Yield	5.45%	5.61%	4.64%	5.12%	-17.09%	-26.85%
FCF Yield	1.58%	1.63%	3.22%	1.75%	-17.67%	-20.97%
Dividend Yield	1.17%	2.46%	0.82%	-	-	-
Payout Ratio	19.31%	19.31%	3.72%	-	-	-
Buyback Yield / Dilution	1.79%	1.79%	1.41%	-10.98%	-1.19%	-17.57%
Total Shareholder Return	2.97%	4.26%	2.23%	-10.98%	-1.19%	-17.57%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.