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Side-by-side financial comparison of PBF Energy Inc. (PBF) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.9B vs $4.5B, roughly 1.8× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 2.5%, a 18.8% gap on every dollar of revenue. On growth, PBF Energy Inc. posted the faster year-over-year revenue change (11.9% vs 11.3%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% CAGR vs -4.9%).
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
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 ...
PBF vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.9B | $4.5B |
| Net Profit | $200.2M | $950.0M |
| Gross Margin | 3.5% | — |
| Operating Margin | 3.8% | 26.1% |
| Net Margin | 2.5% | 21.3% |
| Revenue YoY | 11.9% | 11.3% |
| Net Profit YoY | 149.4% | 29.1% |
| EPS (diluted) | $1.65 | $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 | $7.9B | $4.5B | ||
| Q4 25 | $7.1B | $4.3B | ||
| Q3 25 | $7.7B | $5.1B | ||
| Q2 25 | $7.5B | $4.5B | ||
| Q1 25 | $7.1B | $4.0B | ||
| Q4 24 | $7.4B | $3.8B | ||
| Q3 24 | $8.4B | $4.9B | ||
| Q2 24 | $8.7B | $4.1B |
| Q1 26 | $200.2M | $950.0M | ||
| Q4 25 | $78.4M | $753.0M | ||
| Q3 25 | $170.1M | $1.6B | ||
| Q2 25 | $-5.2M | $1.2B | ||
| Q1 25 | $-401.8M | $730.0M | ||
| Q4 24 | $-289.3M | $552.0M | ||
| Q3 24 | $-285.9M | $1.1B | ||
| Q2 24 | $-65.2M | $854.0M |
| Q1 26 | 3.5% | — | ||
| Q4 25 | -1.8% | 47.4% | ||
| Q3 25 | 0.5% | 51.8% | ||
| Q2 25 | -0.8% | 49.7% | ||
| Q1 25 | -5.9% | 48.0% | ||
| Q4 24 | -4.2% | 45.4% | ||
| Q3 24 | -3.4% | 51.1% | ||
| Q2 24 | 0.1% | 47.6% |
| Q1 26 | 3.8% | 26.1% | ||
| Q4 25 | 1.8% | 21.9% | ||
| Q3 25 | 3.7% | 33.1% | ||
| Q2 25 | 0.6% | 29.3% | ||
| Q1 25 | -7.2% | 23.6% | ||
| Q4 24 | -5.2% | 16.6% | ||
| Q3 24 | -4.6% | 33.4% | ||
| Q2 24 | -0.9% | 26.7% |
| Q1 26 | 2.5% | 21.3% | ||
| Q4 25 | 1.1% | 17.7% | ||
| Q3 25 | 2.2% | 30.6% | ||
| Q2 25 | -0.1% | 26.7% | ||
| Q1 25 | -5.7% | 18.3% | ||
| Q4 24 | -3.9% | 14.7% | ||
| Q3 24 | -3.4% | 22.7% | ||
| Q2 24 | -0.7% | 20.8% |
| Q1 26 | $1.65 | $3.48 | ||
| Q4 25 | $0.74 | $2.76 | ||
| Q3 25 | $1.45 | $5.74 | ||
| Q2 25 | $-0.05 | $4.41 | ||
| Q1 25 | $-3.53 | $2.70 | ||
| Q4 24 | $-2.41 | $2.27 | ||
| Q3 24 | $-2.49 | $4.21 | ||
| Q2 24 | $-0.56 | $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 | $541.8M | $512.0M |
| Total DebtLower is stronger | — | $21.1B |
| Stockholders' EquityBook value | $5.7B | $10.0B |
| Total Assets | $14.7B | $42.0B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $541.8M | $512.0M | ||
| Q4 25 | $527.9M | $825.0M | ||
| Q3 25 | $482.0M | $432.0M | ||
| Q2 25 | $590.7M | $735.0M | ||
| Q1 25 | $468.6M | $386.0M | ||
| Q4 24 | $536.1M | $388.0M | ||
| Q3 24 | $976.7M | $418.0M | ||
| Q2 24 | $1.4B | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | $5.7B | $10.0B | ||
| Q4 25 | $5.3B | $10.0B | ||
| Q3 25 | $5.2B | $10.1B | ||
| Q2 25 | $5.1B | $9.2B | ||
| Q1 25 | $5.1B | $8.0B | ||
| Q4 24 | $5.5B | $7.6B | ||
| Q3 24 | $5.9B | $7.0B | ||
| Q2 24 | $6.3B | $6.0B |
| Q1 26 | $14.7B | $42.0B | ||
| Q4 25 | $13.0B | $41.6B | ||
| Q3 25 | $13.0B | $40.1B | ||
| Q2 25 | $13.0B | $38.5B | ||
| Q1 25 | $13.0B | $37.5B | ||
| Q4 24 | $12.7B | $37.1B | ||
| Q3 24 | $13.1B | $37.1B | ||
| Q2 24 | $14.1B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 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 | — | $1.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $366.6M | $1.6B | ||
| Q3 25 | $25.7M | $1.5B | ||
| Q2 25 | $191.1M | $1.7B | ||
| Q1 25 | $-661.4M | $1.6B | ||
| Q4 24 | $-329.7M | $1.5B | ||
| Q3 24 | $-68.0M | $897.0M | ||
| Q2 24 | $425.3M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $77.0M | $116.0M | ||
| Q3 25 | $-122.8M | $-989.0M | ||
| Q2 25 | $35.0M | $910.0M | ||
| Q1 25 | $-772.4M | $1.2B | ||
| Q4 24 | $-425.7M | $915.0M | ||
| Q3 24 | $-169.8M | $563.0M | ||
| Q2 24 | $371.8M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 2.7% | ||
| Q3 25 | -1.6% | -19.2% | ||
| Q2 25 | 0.5% | 20.1% | ||
| Q1 25 | -10.9% | 30.0% | ||
| Q4 24 | -5.8% | 24.3% | ||
| Q3 24 | -2.0% | 11.5% | ||
| Q2 24 | 4.3% | -13.8% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.1% | 35.4% | ||
| Q3 25 | 1.9% | 47.8% | ||
| Q2 25 | 2.1% | 18.4% | ||
| Q1 25 | 1.6% | 10.7% | ||
| Q4 24 | 1.3% | 14.7% | ||
| Q3 24 | 1.2% | 6.8% | ||
| Q2 24 | 0.6% | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 4.68× | 2.16× | ||
| Q3 25 | 0.15× | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBF
Segment breakdown not available.
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
