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Side-by-side financial comparison of JETBLUE AIRWAYS CORP (JBLU) 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 ($4.3B vs $2.2B, roughly 1.9× JETBLUE AIRWAYS CORP). Royal Caribbean Group runs the higher net margin — 17.9% vs -14.2%, a 32.1% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.2% vs 4.7%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (1.8% CAGR vs -3.9%).
JetBlue Airways Corporation, stylized as jetBlue, is an American low-cost airline headquartered in Long Island City, in Queens, New York City. Primarily a point-to-point carrier, JetBlue's network features six focus cities including its main hub at New York City's John F. Kennedy International Airport, with destinations across the Americas and Europe. Although not a member of any global airline alliances, JetBlue has codeshare agreements with airlines from Oneworld, SkyTeam, and Star Alliance.
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 ...
JBLU vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $4.3B |
| Net Profit | $-319.0M | $762.0M |
| Gross Margin | — | — |
| Operating Margin | -10.0% | 21.9% |
| Net Margin | -14.2% | 17.9% |
| Revenue YoY | 4.7% | 13.2% |
| Net Profit YoY | — | 36.3% |
| EPS (diluted) | $-0.86 | $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 | $2.2B | $4.3B | ||
| Q4 25 | $2.2B | $4.3B | ||
| Q3 25 | $2.3B | $5.1B | ||
| Q2 25 | $2.4B | $4.5B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.3B | $3.8B | ||
| Q3 24 | $2.4B | $4.9B | ||
| Q2 24 | $2.4B | $4.1B |
| Q1 26 | $-319.0M | $762.0M | ||
| Q4 25 | $-177.0M | $753.0M | ||
| Q3 25 | $-143.0M | $1.6B | ||
| Q2 25 | $-74.0M | $1.2B | ||
| Q1 25 | $-208.0M | $730.0M | ||
| Q4 24 | $-44.0M | $552.0M | ||
| Q3 24 | $-60.0M | $1.1B | ||
| Q2 24 | $25.0M | $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 | -10.0% | 21.9% | ||
| Q4 25 | -4.5% | 21.9% | ||
| Q3 25 | -4.3% | 33.1% | ||
| Q2 25 | 0.3% | 29.3% | ||
| Q1 25 | -8.1% | 23.6% | ||
| Q4 24 | 0.7% | 16.6% | ||
| Q3 24 | -1.6% | 33.4% | ||
| Q2 24 | 2.3% | 26.7% |
| Q1 26 | -14.2% | 17.9% | ||
| Q4 25 | -7.9% | 17.7% | ||
| Q3 25 | -6.2% | 30.6% | ||
| Q2 25 | -3.1% | 26.7% | ||
| Q1 25 | -9.7% | 18.3% | ||
| Q4 24 | -1.9% | 14.7% | ||
| Q3 24 | -2.5% | 22.7% | ||
| Q2 24 | 1.0% | 20.8% |
| Q1 26 | $-0.86 | $2.76 | ||
| Q4 25 | $-0.47 | $2.76 | ||
| Q3 25 | $-0.39 | $5.74 | ||
| Q2 25 | $-0.21 | $4.41 | ||
| Q1 25 | $-0.59 | $2.70 | ||
| Q4 24 | $-0.09 | $2.27 | ||
| Q3 24 | $-0.17 | $4.21 | ||
| Q2 24 | $0.07 | $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 | $1.9B | $825.0M |
| Total DebtLower is stronger | — | $21.3B |
| Stockholders' EquityBook value | $1.8B | $10.2B |
| Total Assets | $16.6B | $41.6B |
| Debt / EquityLower = less leverage | — | 2.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.9B | $825.0M | ||
| Q4 25 | $2.2B | $825.0M | ||
| Q3 25 | $2.6B | $432.0M | ||
| Q2 25 | $3.1B | $735.0M | ||
| Q1 25 | $3.5B | $386.0M | ||
| Q4 24 | $3.6B | $388.0M | ||
| Q3 24 | $4.0B | $418.0M | ||
| Q2 24 | $1.5B | $391.0M |
| Q1 26 | — | $21.3B | ||
| Q4 25 | $7.7B | $18.2B | ||
| Q3 25 | $7.8B | $17.2B | ||
| Q2 25 | $7.7B | $17.6B | ||
| Q1 25 | $8.1B | $18.0B | ||
| Q4 24 | $8.1B | $18.5B | ||
| Q3 24 | $7.9B | $19.0B | ||
| Q2 24 | $5.0B | $19.8B |
| Q1 26 | $1.8B | $10.2B | ||
| Q4 25 | $2.1B | $10.0B | ||
| Q3 25 | $2.3B | $10.1B | ||
| Q2 25 | $2.4B | $9.2B | ||
| Q1 25 | $2.4B | $8.0B | ||
| Q4 24 | $2.6B | $7.6B | ||
| Q3 24 | $2.6B | $7.0B | ||
| Q2 24 | $2.7B | $6.0B |
| Q1 26 | $16.6B | $41.6B | ||
| Q4 25 | $16.6B | $41.6B | ||
| Q3 25 | $16.6B | $40.1B | ||
| Q2 25 | $16.9B | $38.5B | ||
| Q1 25 | $17.1B | $37.5B | ||
| Q4 24 | $16.8B | $37.1B | ||
| Q3 24 | $16.6B | $37.1B | ||
| Q2 24 | $14.0B | $37.0B |
| Q1 26 | — | 2.08× | ||
| Q4 25 | 3.65× | 1.81× | ||
| Q3 25 | 3.42× | 1.70× | ||
| Q2 25 | 3.21× | 1.92× | ||
| Q1 25 | 3.31× | 2.26× | ||
| Q4 24 | 3.08× | 2.44× | ||
| Q3 24 | 2.98× | 2.69× | ||
| Q2 24 | 1.86× | 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 | — | $6.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 6.3% | — |
| Cash ConversionOCF / Net Profit | — | 8.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.5B | ||
| Q4 25 | $49.0M | $1.6B | ||
| Q3 25 | $-142.0M | $1.5B | ||
| Q2 25 | $-115.0M | $1.7B | ||
| Q1 25 | $114.0M | $1.6B | ||
| Q4 24 | $-17.0M | $1.5B | ||
| Q3 24 | $-29.0M | $897.0M | ||
| Q2 24 | $-14.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-287.0M | $116.0M | ||
| Q3 25 | $-411.0M | $-989.0M | ||
| Q2 25 | $-412.0M | $910.0M | ||
| Q1 25 | $-62.0M | $1.2B | ||
| Q4 24 | $-368.0M | $915.0M | ||
| Q3 24 | $-302.0M | $563.0M | ||
| Q2 24 | $-441.0M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | -12.8% | 2.7% | ||
| Q3 25 | -17.7% | -19.2% | ||
| Q2 25 | -17.5% | 20.1% | ||
| Q1 25 | -2.9% | 30.0% | ||
| Q4 24 | -16.2% | 24.3% | ||
| Q3 24 | -12.8% | 11.5% | ||
| Q2 24 | -18.2% | -13.8% |
| Q1 26 | 6.3% | — | ||
| Q4 25 | 15.0% | 35.4% | ||
| Q3 25 | 11.6% | 47.8% | ||
| Q2 25 | 12.6% | 18.4% | ||
| Q1 25 | 8.2% | 10.7% | ||
| Q4 24 | 15.4% | 14.7% | ||
| Q3 24 | 11.5% | 6.8% | ||
| Q2 24 | 17.6% | 52.1% |
| Q1 26 | — | 8.48× | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | -0.56× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
