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Side-by-side financial comparison of Royal Caribbean Group (RCL) and Sherwin-Williams (SHW). Click either name above to swap in a different company.

Sherwin-Williams is the larger business by last-quarter revenue ($5.7B vs $4.3B, roughly 1.3× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.7% vs 9.4%, a 8.2% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.3% vs 6.8%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (6.9% CAGR vs -4.9%).

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 ...

Sherwin-Williams is an American paints and coatings company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products with operations in over 120 countries. As of 2024, it is the largest coatings company in the world by revenue.

RCL vs SHW — Head-to-Head

Bigger by revenue
SHW
SHW
1.3× larger
SHW
$5.7B
$4.3B
RCL
Growing faster (revenue YoY)
RCL
RCL
+6.5% gap
RCL
13.3%
6.8%
SHW
Higher net margin
RCL
RCL
8.2% more per $
RCL
17.7%
9.4%
SHW
Faster 2-yr revenue CAGR
RCL
RCL
Annualised
RCL
6.9%
-4.9%
SHW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
RCL
RCL
SHW
SHW
Revenue
$4.3B
$5.7B
Net Profit
$753.0M
$534.7M
Gross Margin
47.4%
49.1%
Operating Margin
21.9%
Net Margin
17.7%
9.4%
Revenue YoY
13.3%
6.8%
Net Profit YoY
36.4%
6.1%
EPS (diluted)
$2.76
$2.15

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.

Revenue
RCL
RCL
SHW
SHW
Q1 26
$5.7B
Q4 25
$4.3B
$5.6B
Q3 25
$5.1B
$6.4B
Q2 25
$4.5B
$6.3B
Q1 25
$4.0B
$5.3B
Q4 24
$3.8B
$5.3B
Q3 24
$4.9B
$6.2B
Q2 24
$4.1B
$6.3B
Net Profit
RCL
RCL
SHW
SHW
Q1 26
$534.7M
Q4 25
$753.0M
$476.8M
Q3 25
$1.6B
$833.1M
Q2 25
$1.2B
$754.7M
Q1 25
$730.0M
$503.9M
Q4 24
$552.0M
$480.1M
Q3 24
$1.1B
$806.2M
Q2 24
$854.0M
$889.9M
Gross Margin
RCL
RCL
SHW
SHW
Q1 26
49.1%
Q4 25
47.4%
48.5%
Q3 25
51.8%
49.2%
Q2 25
49.7%
49.4%
Q1 25
48.0%
48.2%
Q4 24
45.4%
48.6%
Q3 24
51.1%
49.1%
Q2 24
47.6%
48.8%
Operating Margin
RCL
RCL
SHW
SHW
Q1 26
Q4 25
21.9%
11.4%
Q3 25
33.1%
16.7%
Q2 25
29.3%
15.6%
Q1 25
23.6%
12.3%
Q4 24
16.6%
11.6%
Q3 24
33.4%
21.4%
Q2 24
26.7%
22.5%
Net Margin
RCL
RCL
SHW
SHW
Q1 26
9.4%
Q4 25
17.7%
8.5%
Q3 25
30.6%
13.1%
Q2 25
26.7%
12.0%
Q1 25
18.3%
9.5%
Q4 24
14.7%
9.1%
Q3 24
22.7%
13.1%
Q2 24
20.8%
14.2%
EPS (diluted)
RCL
RCL
SHW
SHW
Q1 26
$2.15
Q4 25
$2.76
$1.91
Q3 25
$5.74
$3.35
Q2 25
$4.41
$3.00
Q1 25
$2.70
$2.00
Q4 24
$2.27
$1.90
Q3 24
$4.21
$3.18
Q2 24
$3.11
$3.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RCL
RCL
SHW
SHW
Cash + ST InvestmentsLiquidity on hand
$825.0M
$216.9K
Total DebtLower is stronger
$18.2B
$11.7M
Stockholders' EquityBook value
$10.0B
$4.4M
Total Assets
$41.6B
$26.4M
Debt / EquityLower = less leverage
1.81×
2.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RCL
RCL
SHW
SHW
Q1 26
$216.9K
Q4 25
$825.0M
$207.2M
Q3 25
$432.0M
$241.5M
Q2 25
$735.0M
$269.8M
Q1 25
$386.0M
$199.8M
Q4 24
$388.0M
$210.4M
Q3 24
$418.0M
$238.2M
Q2 24
$391.0M
$200.0M
Total Debt
RCL
RCL
SHW
SHW
Q1 26
$11.7M
Q4 25
$18.2B
$9.7B
Q3 25
$17.2B
$9.7B
Q2 25
$17.6B
$9.0B
Q1 25
$18.0B
$9.0B
Q4 24
$18.5B
$9.2B
Q3 24
$19.0B
$9.2B
Q2 24
$19.8B
$9.0B
Stockholders' Equity
RCL
RCL
SHW
SHW
Q1 26
$4.4M
Q4 25
$10.0B
$4.6B
Q3 25
$10.1B
$4.4B
Q2 25
$9.2B
$4.4B
Q1 25
$8.0B
$4.1B
Q4 24
$7.6B
$4.1B
Q3 24
$7.0B
$4.2B
Q2 24
$6.0B
$3.8B
Total Assets
RCL
RCL
SHW
SHW
Q1 26
$26.4M
Q4 25
$41.6B
$25.9B
Q3 25
$40.1B
$26.2B
Q2 25
$38.5B
$25.4B
Q1 25
$37.5B
$24.6B
Q4 24
$37.1B
$23.6B
Q3 24
$37.1B
$24.0B
Q2 24
$37.0B
$23.7B
Debt / Equity
RCL
RCL
SHW
SHW
Q1 26
2.64×
Q4 25
1.81×
2.10×
Q3 25
1.70×
2.18×
Q2 25
1.92×
2.04×
Q1 25
2.26×
2.17×
Q4 24
2.44×
2.28×
Q3 24
2.69×
2.22×
Q2 24
3.29×
2.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RCL
RCL
SHW
SHW
Operating Cash FlowLast quarter
$1.6B
Free Cash FlowOCF − Capex
$116.0M
FCF MarginFCF / Revenue
2.7%
Capex IntensityCapex / Revenue
35.4%
2.4%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RCL
RCL
SHW
SHW
Q1 26
Q4 25
$1.6B
$1.1B
Q3 25
$1.5B
$1.3B
Q2 25
$1.7B
$1.1B
Q1 25
$1.6B
$-61.1M
Q4 24
$1.5B
$934.5M
Q3 24
$897.0M
$1.1B
Q2 24
$1.6B
$1.2B
Free Cash Flow
RCL
RCL
SHW
SHW
Q1 26
Q4 25
$116.0M
$862.1M
Q3 25
$-989.0M
$1.1B
Q2 25
$910.0M
$931.1M
Q1 25
$1.2B
$-250.4M
Q4 24
$915.0M
$634.5M
Q3 24
$563.0M
$839.4M
Q2 24
$-567.0M
$952.0M
FCF Margin
RCL
RCL
SHW
SHW
Q1 26
Q4 25
2.7%
15.4%
Q3 25
-19.2%
17.5%
Q2 25
20.1%
14.7%
Q1 25
30.0%
-4.7%
Q4 24
24.3%
12.0%
Q3 24
11.5%
13.6%
Q2 24
-13.8%
15.2%
Capex Intensity
RCL
RCL
SHW
SHW
Q1 26
2.4%
Q4 25
35.4%
4.1%
Q3 25
47.8%
3.1%
Q2 25
18.4%
2.9%
Q1 25
10.7%
3.6%
Q4 24
14.7%
5.7%
Q3 24
6.8%
3.8%
Q2 24
52.1%
4.0%
Cash Conversion
RCL
RCL
SHW
SHW
Q1 26
Q4 25
2.16×
2.29×
Q3 25
0.93×
1.57×
Q2 25
1.44×
1.47×
Q1 25
2.23×
-0.12×
Q4 24
2.66×
1.95×
Q3 24
0.81×
1.33×
Q2 24
1.84×
1.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RCL
RCL

Passenger$2.9B69%
Other$1.3B31%

SHW
SHW

Segment breakdown not available.

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