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Side-by-side financial comparison of GE HealthCare (GEHC) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
GE HealthCare is the larger business by last-quarter revenue ($5.1B vs $4.3B, roughly 1.2× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.7% vs 8.0%, a 9.7% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.3% vs 7.4%). Royal Caribbean Group produced more free cash flow last quarter ($116.0M vs $112.0M). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (6.9% CAGR vs 3.0%).
GE Healthcare Technologies, Inc., stylized GE HealthCare, is an American health technology company based in Chicago, Illinois. It operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures...
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 ...
GEHC vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.1B | $4.3B |
| Net Profit | $411.0M | $753.0M |
| Gross Margin | 38.5% | 47.4% |
| Operating Margin | 10.0% | 21.9% |
| Net Margin | 8.0% | 17.7% |
| Revenue YoY | 7.4% | 13.3% |
| Net Profit YoY | -30.1% | 36.4% |
| EPS (diluted) | $0.85 | $2.76 |
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 | $5.1B | — | ||
| Q4 25 | $5.7B | $4.3B | ||
| Q3 25 | $5.1B | $5.1B | ||
| Q2 25 | $5.0B | $4.5B | ||
| Q1 25 | $4.8B | $4.0B | ||
| Q4 24 | $5.3B | $3.8B | ||
| Q3 24 | $4.9B | $4.9B | ||
| Q2 24 | $4.8B | $4.1B |
| Q1 26 | $411.0M | — | ||
| Q4 25 | $588.0M | $753.0M | ||
| Q3 25 | $446.0M | $1.6B | ||
| Q2 25 | $486.0M | $1.2B | ||
| Q1 25 | $564.0M | $730.0M | ||
| Q4 24 | $721.0M | $552.0M | ||
| Q3 24 | $470.0M | $1.1B | ||
| Q2 24 | $428.0M | $854.0M |
| Q1 26 | 38.5% | — | ||
| Q4 25 | 39.7% | 47.4% | ||
| Q3 25 | 38.7% | 51.8% | ||
| Q2 25 | 39.6% | 49.7% | ||
| Q1 25 | 42.1% | 48.0% | ||
| Q4 24 | 42.8% | 45.4% | ||
| Q3 24 | 41.7% | 51.1% | ||
| Q2 24 | 41.4% | 47.6% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | 21.9% | ||
| Q3 25 | 12.7% | 33.1% | ||
| Q2 25 | 13.1% | 29.3% | ||
| Q1 25 | 13.2% | 23.6% | ||
| Q4 24 | 15.1% | 16.6% | ||
| Q3 24 | 13.9% | 33.4% | ||
| Q2 24 | 12.6% | 26.7% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.3% | 17.7% | ||
| Q3 25 | 8.7% | 30.6% | ||
| Q2 25 | 9.7% | 26.7% | ||
| Q1 25 | 11.8% | 18.3% | ||
| Q4 24 | 13.6% | 14.7% | ||
| Q3 24 | 9.7% | 22.7% | ||
| Q2 24 | 8.8% | 20.8% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $1.28 | $2.76 | ||
| Q3 25 | $0.98 | $5.74 | ||
| Q2 25 | $1.06 | $4.41 | ||
| Q1 25 | $1.23 | $2.70 | ||
| Q4 24 | $1.58 | $2.27 | ||
| Q3 24 | $1.02 | $4.21 | ||
| Q2 24 | $0.93 | $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 | — | $825.0M |
| Total DebtLower is stronger | $10.1B | $18.2B |
| Stockholders' EquityBook value | $10.7B | $10.0B |
| Total Assets | $37.1B | $41.6B |
| Debt / EquityLower = less leverage | 0.95× | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $825.0M | ||
| Q3 25 | $4.0B | $432.0M | ||
| Q2 25 | $3.7B | $735.0M | ||
| Q1 25 | $2.5B | $386.0M | ||
| Q4 24 | $2.9B | $388.0M | ||
| Q3 24 | $3.5B | $418.0M | ||
| Q2 24 | $2.0B | $391.0M |
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | $18.2B | ||
| Q3 25 | $10.3B | $17.2B | ||
| Q2 25 | $10.3B | $17.6B | ||
| Q1 25 | $8.8B | $18.0B | ||
| Q4 24 | $9.0B | $18.5B | ||
| Q3 24 | $10.3B | $19.0B | ||
| Q2 24 | $9.2B | $19.8B |
| Q1 26 | $10.7B | — | ||
| Q4 25 | $10.4B | $10.0B | ||
| Q3 25 | $10.0B | $10.1B | ||
| Q2 25 | $9.7B | $9.2B | ||
| Q1 25 | $9.2B | $8.0B | ||
| Q4 24 | $8.4B | $7.6B | ||
| Q3 24 | $8.3B | $7.0B | ||
| Q2 24 | $7.8B | $6.0B |
| Q1 26 | $37.1B | — | ||
| Q4 25 | $36.9B | $41.6B | ||
| Q3 25 | $36.1B | $40.1B | ||
| Q2 25 | $35.5B | $38.5B | ||
| Q1 25 | $33.6B | $37.5B | ||
| Q4 24 | $33.1B | $37.1B | ||
| Q3 24 | $33.9B | $37.1B | ||
| Q2 24 | $31.9B | $37.0B |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | 1.81× | ||
| Q3 25 | 1.03× | 1.70× | ||
| Q2 25 | 1.06× | 1.92× | ||
| Q1 25 | 0.95× | 2.26× | ||
| Q4 24 | 1.06× | 2.44× | ||
| Q3 24 | 1.24× | 2.69× | ||
| Q2 24 | 1.18× | 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 | — | $1.6B |
| Free Cash FlowOCF − Capex | $112.0M | $116.0M |
| FCF MarginFCF / Revenue | 2.2% | 2.7% |
| Capex IntensityCapex / Revenue | — | 35.4% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $94.0M | $1.7B | ||
| Q1 25 | $250.0M | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $897.0M | ||
| Q2 24 | $-119.0M | $1.6B |
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | $8.0M | $910.0M | ||
| Q1 25 | $98.0M | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | $-183.0M | $-567.0M |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | 0.2% | 20.1% | ||
| Q1 25 | 2.1% | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | -3.8% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 35.4% | ||
| Q3 25 | 2.1% | 47.8% | ||
| Q2 25 | 1.7% | 18.4% | ||
| Q1 25 | 3.2% | 10.7% | ||
| Q4 24 | 1.9% | 14.7% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | 1.3% | 52.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | 0.19× | 1.44× | ||
| Q1 25 | 0.44× | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | -0.28× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 0% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
