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Side-by-side financial comparison of Consolidated Edison (ED) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.5B vs $4.0B, roughly 1.1× Consolidated Edison). Royal Caribbean Group runs the higher net margin — 21.3% vs 7.5%, a 13.8% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 8.2%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% CAGR vs -3.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
ED vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $4.5B |
| Net Profit | $298.0M | $950.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 26.1% |
| Net Margin | 7.5% | 21.3% |
| Revenue YoY | 8.2% | 11.3% |
| Net Profit YoY | -3.9% | 29.1% |
| EPS (diluted) | $0.81 | $3.48 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.0B | $4.3B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $3.6B | $4.5B | ||
| Q1 25 | $4.9B | $4.0B | ||
| Q4 24 | $3.7B | $3.8B | ||
| Q3 24 | $4.2B | $4.9B | ||
| Q2 24 | $3.3B | $4.1B |
| Q1 26 | — | $950.0M | ||
| Q4 25 | $298.0M | $753.0M | ||
| Q3 25 | $688.0M | $1.6B | ||
| Q2 25 | $246.0M | $1.2B | ||
| Q1 25 | $791.0M | $730.0M | ||
| Q4 24 | $310.0M | $552.0M | ||
| Q3 24 | $588.0M | $1.1B | ||
| Q2 24 | $202.0M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
| Q1 26 | — | 26.1% | ||
| Q4 25 | 12.3% | 21.9% | ||
| Q3 25 | 21.2% | 33.1% | ||
| Q2 25 | 9.8% | 29.3% | ||
| Q1 25 | 23.0% | 23.6% | ||
| Q4 24 | 13.0% | 16.6% | ||
| Q3 24 | 20.4% | 33.4% | ||
| Q2 24 | 9.7% | 26.7% |
| Q1 26 | — | 21.3% | ||
| Q4 25 | 7.5% | 17.7% | ||
| Q3 25 | 15.1% | 30.6% | ||
| Q2 25 | 6.8% | 26.7% | ||
| Q1 25 | 16.2% | 18.3% | ||
| Q4 24 | 8.5% | 14.7% | ||
| Q3 24 | 13.9% | 22.7% | ||
| Q2 24 | 6.1% | 20.8% |
| Q1 26 | — | $3.48 | ||
| Q4 25 | $0.81 | $2.76 | ||
| Q3 25 | $1.90 | $5.74 | ||
| Q2 25 | $0.68 | $4.41 | ||
| Q1 25 | $2.25 | $2.70 | ||
| Q4 24 | $0.89 | $2.27 | ||
| Q3 24 | $1.69 | $4.21 | ||
| Q2 24 | $0.58 | $3.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $512.0M |
| Total DebtLower is stronger | $25.8B | $21.1B |
| Stockholders' EquityBook value | $24.2B | $10.0B |
| Total Assets | $74.6B | $42.0B |
| Debt / EquityLower = less leverage | 1.07× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $1.6B | $825.0M | ||
| Q3 25 | $181.0M | $432.0M | ||
| Q2 25 | $1.5B | $735.0M | ||
| Q1 25 | $360.0M | $386.0M | ||
| Q4 24 | $1.3B | $388.0M | ||
| Q3 24 | $93.0M | $418.0M | ||
| Q2 24 | $1.5B | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $25.8B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $24.7B | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $24.2B | $10.0B | ||
| Q3 25 | $24.2B | $10.1B | ||
| Q2 25 | $23.8B | $9.2B | ||
| Q1 25 | $23.8B | $8.0B | ||
| Q4 24 | $22.0B | $7.6B | ||
| Q3 24 | $21.9B | $7.0B | ||
| Q2 24 | $21.6B | $6.0B |
| Q1 26 | — | $42.0B | ||
| Q4 25 | $74.6B | $41.6B | ||
| Q3 25 | $71.8B | $40.1B | ||
| Q2 25 | $71.5B | $38.5B | ||
| Q1 25 | $70.7B | $37.5B | ||
| Q4 24 | $70.6B | $37.1B | ||
| Q3 24 | $68.6B | $37.1B | ||
| Q2 24 | $67.9B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.07× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 1.13× | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.5B | $1.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.97× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $504.0M | $1.5B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $837.0M | $1.6B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $392.0M | $897.0M | ||
| Q2 24 | $1.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 4.97× | 2.16× | ||
| Q3 25 | 0.73× | 0.93× | ||
| Q2 25 | 8.04× | 1.44× | ||
| Q1 25 | 1.06× | 2.23× | ||
| Q4 24 | 4.23× | 2.66× | ||
| Q3 24 | 0.67× | 0.81× | ||
| Q2 24 | 6.63× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
