InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$277.62

2026-10-16

Market Cap

$74.3B

Volume

2.1M

52-Wk High

$356.39

52-Wk Low

$222.22

Trailing PE

17.1

P/S

3.97

Gross Margin

46.6%

Net Margin

23.6%

ROE

44%

ROIC

15%

Piotroski

5/9

Altman Z

2.1

1-Yr Return

-7.0%

5-Yr Return

+167.6%

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.

SectorConsumer CyclicalIndustryTravel ServicesExchangeNYSEMarket Cap$74.3BEmployees108,000 (SEC-filed)CEOJason T. LibertyIPO1993-04-28CountryUS

1050 Caribbean Way, Miami, FL 33132-2096 · Tel 305 539 6000 · rclinvestor.com

INSIDERSTREET SCORE54 / 100Street mean $346.40 (10 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$248M sold / 6 mo, zero open-market buys

INSIDERSTREET
SCORE54of 100

Score Breakdown

Profitability	80/100
Growth	66/100
Momentum	89/100
Quality	70/100
Earnings Quality	86/100
Balance Sheet	29/100
Value	47/100
Risk (safety)	50/100
Overall	54.4/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
ABNB	75
BKNG	77
VIK	73
CCL	53
EXPE	67
SABRP	29
RCL	54

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 67 in 25 Q2, latest 54 — -12 since. Fell in 3 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

1 Year vs S&P 500 · RCL -7.0% · S&P 500 +15.9% · spread -22.9pp

7 Years vs S&P 500 · RCL +167.6% · S&P 500 +189.9% · spread -22.2pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

BUSINESS QUALITY54 / 100IS Score 54.4 / 100 · -12.3 from peak of 67

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 74 / 100 · Power +48 · 17 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 54 and price structure at 74 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 54.4	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 63 → 57 → 59 → 54	the direction matters more than the level
Technical vote share back above 50%	now 82%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,229 → now 1,229	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)3 buys2026-07-07

Insider Buys (180d)0none disclosed

ETF Funds (30d)468 up / 312 downnet +156 funds

Institutions Added (13F)56managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,229 · latest 1,229 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,229	238.8M	$75.1B	88.8%
2026 Q1	1,173	223.2M	$60.6B	83.0%
2025 Q4	1,191	223.6M	$61.4B	83.1%
2025 Q3	1,185	219.0M	$69.9B	81.4%
2025 Q2	1,157	227.0M	$70.4B	84.4%
2025 Q1	1,058	217.3M	$44.3B	80.8%
2024 Q4	1,036	213.8M	$48.9B	79.5%
2024 Q3	946	210.3M	$36.9B	78.2%
2024 Q2	910	212.1M	$33.5B	78.9%
2024 Q1	845	206.7M	$28.3B	76.8%
2023 Q4	832	204.9M	$25.9B	76.2%
2023 Q3	731	200.0M	$18.1B	74.3%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Bunch Tara	director	2026-07-31	A-Award	683	—	683
Bayley Michael W	Pres&CEO, Royal Caribbean Intl	2026-07-29	SELL	12,811	$4.05M	45,297
Wiernicki Christopher J	director	2026-05-28	A-Award	571	—	922
Ofer Eyal	director	2026-05-28	A-Award	831	—	43,756
Moore Ann S	director	2026-05-28	TAX W/H	78	$0.02M	28,925
Montiel Maritza Gomez	director	2026-05-28	TAX W/H	78	$0.02M	12,771
Montiel Maritza Gomez	director	2026-05-28	A-Award	831	—	13,602
Mcpherson Amy	director	2026-05-28	TAX W/H	408	$0.11M	10,164

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	20	784,418	$247.6M	Counted
F — Tax withholding	9	1,047	$0.3M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$247.6M20 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-03	Bayley Michael W	12,811	$4.0M
2026-02-17	Laura Bethge	7,854	$2.6M
2026-02-17	Maritza Montiel	1,385	$0.5M
2026-02-13	Naftali Holtz	45,781	$15.0M
Trailing 12 mo	10 filings	2,249,633	$721M

Filed	Form	Reporting person	% of class	Shares
2026-10-06	SCHEDULE 13G/A	Capital Research Global Investors	6.40%	17.2M sh
2026-08-12	SCHEDULE 13G/A	Capital Research Global Investors	12.80%	34.3M sh
2026-05-14	SCHEDULE 13G/A	Capital International Investors	9.50%	25.8M sh
2026-05-14	SCHEDULE 13G/A	Capital World Investors	7.60%	20.6M sh

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-25	2026-10-09
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-11	2026-10-09
Ro Khanna	House	SELL	$1,001 - $15,000	2026-09-04	2026-10-09
Alan Armstrong	Senate	BUY	$1,001 - $15,000	2026-03-27	2026-07-21
Alan Armstrong	Senate	BUY	$1,001 - $15,000	2026-03-27	2026-07-20
Shelley Moore Capito	Senate	SELL	$1,001 - $15,000	2018-05-17	2018-06-09

House 12-Mo7 trades4 purchases

Senate 12-Mo2 trades2 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)1,173

13F Shares223M83.0% of shares out

New / Closed146 / 148positions, QoQ

Increased / Reduced470 / 382positions, QoQ

Put/Call (13F)0.98option positions

Free Float93.5%250M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Td Waterhouse Canada Inc.	102,736	$28M
Generate Investment Management Ltd	97,846	$26M
Artemis Investment Management Llp	81,865	$22M
Fjarde Ap-Fonden /Fourth Swedish N	79,395	$21M
Mn Services Vermogensbeheer B.V.	74,300	$20M
Czech National Bank	71,466	$19M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$2.2B
VSMPX	0.1%	$2.2B
VTI	0.1%	$2.2B
VTSAX	0.1%	$2.2B
VOO	0.1%	$1.7B
VFIAX	0.1%	$1.7B

13F Filers Holding RCL — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session57.6%2026-10-15

20-Day Avg57.4%50-day 53.4%

TrendRising20d vs 50d

By Market CenterQ: 57% · N: 61% · B: 54%latest session

Weekly Notional ($B)

Where RCL Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	2.9M	31 sh
Ubsa Ubs Ats	2.3M	38 sh
Sgmt Sigma X2	1.9M	32 sh
Ebxl Level Ats	1.6M	20 sh
Mstx Ms Trajectory Cross (Ats-1)	1.1M	26 sh
Mlix Instinct X	1.1M	48 sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Where a dollar of Royal Caribbean Cruises Ltd. revenue goes. All values FY2025 filings, live.

Region	Revenue	Share
North America	$11.5B	68%
Europe	$3.0B	17%
Asia Pacific	$1.7B	10%
Other Region	$862M	5%

RCL (live moat model)Peer median: ABNB · BKNG · VIK · CCL · EXPE

Component scores from the live moat model. Peer median illustrative.

Moat score 51/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Officer	Title
Jason T. Liberty	Chief Executive Officer & Chairman
Michael W. Bayley	President & CEO of Royal Caribbean
Naftali Holtz	Executive VP & CFO
Harri U. Kulovaara	Executive Vice President of Newbuilding

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)4 of 6recent quarters

Avg Surprise+5.2%

Next Report2026-10-27

Income Quality1.53OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

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Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	-30.6%	+477.0%	+57.2%	+18.6%	+8.8%
Gross profit	+117.0%	-284.3%	+175.4%	+27.9%	+7.2%
Operating income	-15.9%	-80.2%	-475.7%	+42.7%	+19.6%
Net income	-9.3%	-59.0%	-178.7%	+69.5%	+48.5%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	1.5	8.8	13.9	16.5	17.9
Cost of revenue	2.7	6.6	7.8	8.7	9.5
Gross profit	-1.2	2.2	6.1	7.8	8.4
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	1.4	1.6	1.8	2.1	2.2
Operating income	-3.9	-0.8	2.9	4.1	4.9
EBITDA	-2.7	0.6	4.6	6.1	6.9
D&A	1.3	1.4	1.5	1.6	1.6
Pretax income	-5.3	-2.2	1.7	2.9	4.3
Income tax	0.0	0.0	0.0	0.0	0.0
Net income	-5.3	-2.2	1.7	2.9	4.3
Diluted EPS ($)	-20.89	-8.45	6.31	10.94	15.61
Diluted shares (M)	252	255	283	279	273

Operating CF$6B

CapEx$5B

Free cash flow$1B

SBC$0B

Buybacks$1B

Net cash change$0B

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Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	1.9	0.5	0.4	0.8
ST investments	0.0	0.0	0.0	0.1
Receivables (net)	0.5	0.4	0.4	0.3
Total current assets	3.2	1.8	1.7	2.2
PP&E (net)	28.1	30.7	32.5	36.3
Goodwill + intangibles	0.8	0.8	0.8	0.8
Total assets	33.8	35.1	37.1	41.6
Accounts payable	0.6	0.8	0.9	1.0
Short-term debt	2.1	1.7	1.6	3.3
Deferred revenue	4.2	5.3	5.5	0.0
Total current liabilities	8.6	9.4	9.8	12.1
Long-term debt	21.3	19.7	18.5	18.8
Total liabilities	30.9	30.2	29.3	31.4
Shareholders' equity	2.9	4.9	7.7	10.2

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	(2.2)	1.7	2.9	4.3
D&A	1.4	1.5	1.6	1.7
Stock-based compensation	0.0	0.1	0.3	0.0
Working capital change	1.0	1.2	0.2	0.3
Operating cash flow	0.5	4.5	5.3	6.5
Capital expenditures	(2.7)	(3.9)	(3.3)	(5.2)
Investing cash flow	(3.0)	(3.9)	(3.4)	(5.0)
Buybacks	0.0	0.0	0.0	(1.2)
Dividends paid	0.0	0.0	(0.1)	(0.3)
Debt issuance / (repay)	2.0	(2.0)	(1.8)	1.0
Financing cash flow	1.7	(2.0)	(1.9)	(1.0)
Free cash flow	(2.2)	0.6	2.0	1.2

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	-76.0%	-54.2%	44.7%	46.8%	48.6%	44%
ROA	-16.3%	-6.5%	4.9%	8.0%	10.9%	9.9%
ROIC	-12.7%	-2.4%	10.9%	14.7%	15.4%	14.6%
Gross margin	-78.8%	25.2%	44.1%	47.5%	46.8%	46.6%
Operating margin	-252.6%	-8.7%	20.7%	24.9%	27.4%	27.3%
Net margin	-343.3%	-24.4%	12.2%	17.5%	23.8%	23.6%
EBITDA margin	-174.6%	7.0%	32.8%	36.9%	38.5%	39.2%
FCF margin	-268.1%	-25.2%	4.2%	12.1%	6.9%	—
VALUATION
P/E	-3.67	-5.77	21.07	22.00	17.82	17.1
P/B	3.80	4.34	7.57	8.37	7.59	7.3
P/S	12.61	1.41	2.57	3.84	4.25	3.97
P/FCF	-4.70	-5.58	61.68	31.70	61.61	-178.5
EV/EBITDA	-14.32	56.10	12.58	13.75	14.16	13.2
EV/Revenue	25.01	3.90	4.13	5.08	5.46	5.2
Earnings yield	-27.2%	-17.3%	4.7%	4.5%	5.6%	5.89%
FCF yield	-21.3%	-17.9%	1.6%	3.2%	1.6%	-0.56%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.49	0.37	0.19	0.17	0.18	0.21
Quick ratio	0.47	0.35	0.16	0.15	0.16	0.19
Debt / equity	4.27	8.36	4.68	2.75	2.26	2.30
Debt / assets	67.3%	71.0%	63.0%	56.2%	54.4%	52.7%
Net debt / EBITDA	-7.10	35.87	4.74	3.36	3.14	3.09
Interest coverage	-3.07	-0.58	2.22	2.82	5.34	—

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.05	0.27	0.40	0.46	0.46	0.42
Receivables turnover	4.43	18.83	29.70	42.49	52.14	42.4
DSO (days)	82	19	12	9	7	9
DPO (days)	62	33	34	36	36	40
Cash conversion cycle	39	-3	-10	-17	-19	-22
GROWTH (YoY)
Revenue growth	-30.6%	477.0%	57.2%	18.6%	8.8%	—
Net income growth	9.3%	59.0%	178.7%	69.5%	48.5%	—
EPS growth	20.0%	59.1%	171.7%	71.4%	50.7%	—
FCF growth	27.9%	45.8%	126.0%	244.5%	-38.1%	—
PER SHARE ($)
EPS (diluted, TTM)	-20.65	-8.45	6.06	10.39	15.65	16.36
Book value / share	19.96	11.24	16.87	27.30	36.77	38.89
Revenue / share	6.01	34.64	49.64	59.51	65.70	69.45
FCF / share	-16.12	-8.73	2.07	7.21	4.53	-1.55
Cash / share	10.60	7.58	1.77	1.40	3.44	3.25
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	0.0%	1.5%	2.28%
Altman Z-Score	-0.06	0.16	1.14	1.98	2.22	2.1
Piotroski F-Score	3	5	7	8	8	5/9
Beneish M-Score	43.45	-2.47	-3.08	-2.87	-2.66	-2.65

Model	Score	Zone	Note
Piotroski F-Score	5 / 9	Middling
Altman Z-Score	2.1	Grey zone	Grey
Income quality	1.53	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.65	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.98
Interest burden	0.81
Operating margin	29.5%
Asset turnover	0.45×
Financial leverage	4.29×
= ROE	45%

Growth Quality (live)	Value
Revenue stability	0.92
Earnings stability	0.93
Earnings persistence	0.91
Revenue CAGR 3y	15.9%
EPS CAGR 3y	—
FCF CAGR 3y	—

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield2.28%

Dividend Yield1.98%

Total Shareholder Return2.97%cash yield

SBC / Revenue0.8%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
ABNB	$104.0B	39.3	35%	22.6%	+13.6%	7/9	+41.3%
BKNG	$122.8B	18.0	-83%	26.5%	+12.9%	5/9	-16.7%
VIK	$37.2B	27.5	140%	26.8%	+20.0%	7/9	+38.7%
CCL	$34.8B	11.2	24%	22.8%	+5.2%	7/9	-8.2%
EXPE	$33.1B	17.3	199%	20.3%	+12.0%	9/9	—
SABRP	$23.6B	19.4	-38%	1.1%	-4.1%	5/9	—
GM	$73.7B	42.0	3%	2.7%	-1.1%	6/9	—
ROST	$76.0B	28.4	43%	13.6%	+14.0%	9/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

53 Analysts

Str Sell (0)Sell (6)Hold (19)Buy (28)Str Buy (0)

Mean Target (qtr)$346.4010 targets

Target vs. Price+24.8%last-quarter mean

Next Report2026-10-27street $6.38

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$19.56B	$19.97B / $19.47B	$17.78	$17.87 / $17.72	16
FY2027	$20.97B	$21.87B / $20.61B	$20.27	$21.01 / $19.24	17
FY2028	$22.92B	$24.01B / $22.23B	$23.09	$25.62 / $20.73	6

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$324.40	+16.9%	5
Last Quarter	$346.40	+24.8%	10
Last Year	$347.59	+25.2%	49
All Time	$252.87	-8.9%	97

Rolling mean of published targets vs. last close $277.62. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B

DCF

2/5

ROE

5/5

ROA

5/5

Debt/Eq

1/5

P/E

3/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

RCL -7.0% vs S&P 500 +15.9% — spread -22.9pp

Sector — XLY -3.2%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$265.89	+11.73	+4.41%	Above
SMA 50	$274.24	+3.38	+1.23%	Above
SMA 200	$286.29	-8.67	-3.03%	Below
EMA 9	$277.27	+0.35	+0.13%	Above
EMA 21	$272.10	+5.52	+2.03%	Above
EMA 50	$274.27	+3.35	+1.22%	Above
EMA 200	$281.86	-4.24	-1.50%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +4817 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%78

Momentum 25%70

Volume 20%88

Volatility 10%100

Patterns 15%38

This Week82% bullishof 11 price-based votes

4 Weeks Ago9%+73 pts since

12 Weeks Ago18%+64 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$265.89

Price vs SMA 50$274.24

Price vs SMA 200$286.29

EMA 9/21 Cross277.3/272.1

SMA 50/200Death

ADX DirectionADX 22

Supertrend$254

Parabolic SAR$266

SMA Slope1.590

RSI54.9

Stochastic K/D73/78

StochRSI K/D54/67

Williams %R-33

CCI63

TSI vs Signal11.2

CMO9.8

ROC-0.04%

OBV SignalAccum

Chaikin MF0.080

MFI70

Force Index2M

Elder Ray Bull14.65

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 78

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$278.04 / $283.58 / $287.15	S1 / S2	$274.47 / $268.93
Bollinger (20,2)	$229.24 – $302.55	Squeeze	Off
52-wk range	$222.22 – $356.39	Off 52-wk high	-22.1%
ATR (14)	$9.31 (3.4%)	Historical vol	47.0%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+0.9%Jan60%

-1.8%Feb40%

+0.0%Mar52%

+6.1%Apr45%

+0.6%May50%

-3.6%Jun45%

+2.1%Jul65%

+5.5%Aug65%

+2.5%Sep65%

+4.2%Oct65%

+4.7%Nov75%

+5.4%Dec60%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	RCL	S&P 500
Weekly volatility (σ, 1y)	6.48%	1.83%
Best / worst week (1y)	+15.3% / -11.5%	—
Max drawdown (5y, monthly)	-81.5%	—
1-week VaR (95%)	-11.0%	—
Beta (5y)	1.75	1.00

RCL EQUITY WEATHER (LIVE)CLOUDY · +7

Trend+26

Momentum+18

Volume+35

Volatility-60

Breadth-31

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 435 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+7.0+31.8 vs industry

Trend+25.6+62.7 vs industry

Momentum+17.8+33.3 vs industry

Volume+34.9+61.7 vs industry

Reading	RCL	Travel Services n=168	Consumer Cyclical n=5,686	All US symbols n=70,435
Overall	+7.0	-24.8	-20.5	-20.5
Trend	+25.6	-37.1	-25.1	-21.3
Momentum	+17.8	-15.5	-15.0	-15.8
Volume	+34.9	-26.8	-10.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Jason T. Liberty President and Chief Executi	$24.0M	87% equity+incentive
Michael W. Bayley President and CEO, Royal C	$9.4M	83% equity+incentive
Naftali Holtz Chief Financial Officer	$7.1M	86% equity+incentive
Laura Hodges Bethge President, Celebrity Cru	$6.0M	83% equity+incentive
Harri U. Kulovaara EVP, Maritime	$4.9M	78% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	59
Social	65
Governance	70
Composite ESG	65

Composite ESG Trend

Filed	8-K contents	Items
2026-09-23	Other Events; Exhibits	8.01,9.01
2026-08-20	Material Agreement; Financial Obligation; Exhibits	1.01,2.03,9.01
2026-08-07	Material Agreement; Exhibits	1.01,9.01
2026-07-28	Earnings Release; Exhibits	2.02,9.01
2026-07-20	Officer/Director Change; Regulation FD; Exhibits	5.02,7.01,9.01
2026-05-28	Shareholder Vote	5.07
2026-05-20	Regulation FD	7.01
2026-04-30	Earnings Release; Exhibits	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-05-20 to 2026-04-30
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	114 rows · 1998 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-05-28 to 2026-07-31
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-05-14 to 2026-10-06
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Royal Caribbean Cruises Ltd. (RCL)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Institutions holding — 12 quarters

Royal Caribbean Cruises Ltd. (RCL)

Monthly Net Insider Flow (000 shares)

Signal Summary

Royal Caribbean Cruises Ltd. (RCL)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding RCL — quarterly

Institutional Put/Call — quarterly

Where RCL Trades in the Dark

Royal Caribbean Cruises Ltd. (RCL)

3.8 · Employees (SEC filings)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Balance Sheet — Full

Cash Flow Statement — Full

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Street Price Target — Trajectory

Third-Party Composite Rating

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Family Scores (site weights)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Ltd. (RCL)