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Side-by-side financial comparison of MERCADOLIBRE INC (MELI) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
MERCADOLIBRE INC is the larger business by last-quarter revenue ($6.1B vs $4.3B, roughly 1.4× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.7% vs 9.1%, a 8.6% gap on every dollar of revenue. On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs 13.3%). MERCADOLIBRE INC produced more free cash flow last quarter ($4.8B vs $116.0M). Over the past eight quarters, MERCADOLIBRE INC's revenue compounded faster (40.7% CAGR vs 6.9%).
MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
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 ...
MELI vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1B | $4.3B |
| Net Profit | $559.0M | $753.0M |
| Gross Margin | 61.7% | 47.4% |
| Operating Margin | 14.5% | 21.9% |
| Net Margin | 9.1% | 17.7% |
| Revenue YoY | 40.2% | 13.3% |
| Net Profit YoY | -12.5% | 36.4% |
| EPS (diluted) | $11.03 | $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.
| Q4 25 | $6.1B | $4.3B | ||
| Q3 25 | $5.2B | $5.1B | ||
| Q2 25 | $4.8B | $4.5B | ||
| Q1 25 | $4.2B | $4.0B | ||
| Q4 24 | $4.4B | $3.8B | ||
| Q3 24 | $3.9B | $4.9B | ||
| Q2 24 | $3.8B | $4.1B | ||
| Q1 24 | $3.1B | $3.7B |
| Q4 25 | $559.0M | $753.0M | ||
| Q3 25 | $421.0M | $1.6B | ||
| Q2 25 | $523.0M | $1.2B | ||
| Q1 25 | $494.0M | $730.0M | ||
| Q4 24 | $639.0M | $552.0M | ||
| Q3 24 | $397.0M | $1.1B | ||
| Q2 24 | $531.0M | $854.0M | ||
| Q1 24 | $344.0M | $360.0M |
| Q4 25 | 61.7% | 47.4% | ||
| Q3 25 | 61.7% | 51.8% | ||
| Q2 25 | 64.4% | 49.7% | ||
| Q1 25 | 66.1% | 48.0% | ||
| Q4 24 | 62.8% | 45.4% | ||
| Q3 24 | 62.6% | 51.1% | ||
| Q2 24 | 62.8% | 47.6% | ||
| Q1 24 | 65.3% | 44.8% |
| Q4 25 | 14.5% | 21.9% | ||
| Q3 25 | 13.9% | 33.1% | ||
| Q2 25 | 17.2% | 29.3% | ||
| Q1 25 | 18.2% | 23.6% | ||
| Q4 24 | 18.7% | 16.6% | ||
| Q3 24 | 14.3% | 33.4% | ||
| Q2 24 | 19.3% | 26.7% | ||
| Q1 24 | 17.0% | 20.1% |
| Q4 25 | 9.1% | 17.7% | ||
| Q3 25 | 8.1% | 30.6% | ||
| Q2 25 | 10.9% | 26.7% | ||
| Q1 25 | 11.8% | 18.3% | ||
| Q4 24 | 14.6% | 14.7% | ||
| Q3 24 | 10.2% | 22.7% | ||
| Q2 24 | 14.1% | 20.8% | ||
| Q1 24 | 11.1% | 9.7% |
| Q4 25 | $11.03 | $2.76 | ||
| Q3 25 | $8.32 | $5.74 | ||
| Q2 25 | $10.31 | $4.41 | ||
| Q1 25 | $9.74 | $2.70 | ||
| Q4 24 | $12.60 | $2.27 | ||
| Q3 24 | $7.83 | $4.21 | ||
| Q2 24 | $10.48 | $3.11 | ||
| Q1 24 | $6.78 | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.3B | $825.0M |
| Total DebtLower is stronger | $4.6B | $18.2B |
| Stockholders' EquityBook value | $6.7B | $10.0B |
| Total Assets | $42.7B | $41.6B |
| Debt / EquityLower = less leverage | 0.68× | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $825.0M | ||
| Q3 25 | $6.3B | $432.0M | ||
| Q2 25 | $7.6B | $735.0M | ||
| Q1 25 | $8.1B | $386.0M | ||
| Q4 24 | $7.1B | $388.0M | ||
| Q3 24 | $6.7B | $418.0M | ||
| Q2 24 | $6.9B | $391.0M | ||
| Q1 24 | $6.3B | $437.0M |
| Q4 25 | $4.6B | $18.2B | ||
| Q3 25 | $3.4B | $17.2B | ||
| Q2 25 | $3.5B | $17.6B | ||
| Q1 25 | $2.9B | $18.0B | ||
| Q4 24 | $2.9B | $18.5B | ||
| Q3 24 | $3.1B | $19.0B | ||
| Q2 24 | $2.4B | $19.8B | ||
| Q1 24 | $2.2B | $18.9B |
| Q4 25 | $6.7B | $10.0B | ||
| Q3 25 | $6.2B | $10.1B | ||
| Q2 25 | $5.7B | $9.2B | ||
| Q1 25 | $5.0B | $8.0B | ||
| Q4 24 | $4.4B | $7.6B | ||
| Q3 24 | $4.0B | $7.0B | ||
| Q2 24 | $3.7B | $6.0B | ||
| Q1 24 | $3.4B | $5.2B |
| Q4 25 | $42.7B | $41.6B | ||
| Q3 25 | $36.7B | $40.1B | ||
| Q2 25 | $32.9B | $38.5B | ||
| Q1 25 | $27.7B | $37.5B | ||
| Q4 24 | $25.2B | $37.1B | ||
| Q3 24 | $22.6B | $37.1B | ||
| Q2 24 | $20.0B | $37.0B | ||
| Q1 24 | $19.1B | $35.2B |
| Q4 25 | 0.68× | 1.81× | ||
| Q3 25 | 0.55× | 1.70× | ||
| Q2 25 | 0.61× | 1.92× | ||
| Q1 25 | 0.57× | 2.26× | ||
| Q4 24 | 0.66× | 2.44× | ||
| Q3 24 | 0.78× | 2.69× | ||
| Q2 24 | 0.67× | 3.29× | ||
| Q1 24 | 0.66× | 3.66× |
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 | $5.2B | $1.6B |
| Free Cash FlowOCF − Capex | $4.8B | $116.0M |
| FCF MarginFCF / Revenue | 77.9% | 2.7% |
| Capex IntensityCapex / Revenue | 7.0% | 35.4% |
| Cash ConversionOCF / Net Profit | 9.32× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $10.8B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | $1.6B | ||
| Q3 25 | $3.0B | $1.5B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $2.9B | $1.5B | ||
| Q3 24 | $1.6B | $897.0M | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $4.8B | $116.0M | ||
| Q3 25 | $2.6B | $-989.0M | ||
| Q2 25 | $2.6B | $910.0M | ||
| Q1 25 | $759.0M | $1.2B | ||
| Q4 24 | $2.6B | $915.0M | ||
| Q3 24 | $1.4B | $563.0M | ||
| Q2 24 | $1.7B | $-567.0M | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | 77.9% | 2.7% | ||
| Q3 25 | 50.0% | -19.2% | ||
| Q2 25 | 54.8% | 20.1% | ||
| Q1 25 | 18.1% | 30.0% | ||
| Q4 24 | 59.8% | 24.3% | ||
| Q3 24 | 35.4% | 11.5% | ||
| Q2 24 | 45.1% | -13.8% | ||
| Q1 24 | 44.1% | 29.1% |
| Q4 25 | 7.0% | 35.4% | ||
| Q3 25 | 6.9% | 47.8% | ||
| Q2 25 | 6.0% | 18.4% | ||
| Q1 25 | 6.5% | 10.7% | ||
| Q4 24 | 7.0% | 14.7% | ||
| Q3 24 | 5.7% | 6.8% | ||
| Q2 24 | 4.9% | 52.1% | ||
| Q1 24 | 4.7% | 6.5% |
| Q4 25 | 9.32× | 2.16× | ||
| Q3 25 | 7.03× | 0.93× | ||
| Q2 25 | 5.58× | 1.44× | ||
| Q1 25 | 2.09× | 2.23× | ||
| Q4 24 | 4.58× | 2.66× | ||
| Q3 24 | 4.03× | 0.81× | ||
| Q2 24 | 3.54× | 1.84× | ||
| Q1 24 | 4.40× | 3.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
