vs
Side-by-side financial comparison of Royal Caribbean Group (RCL) and Sandisk Corp (SNDK). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.3B vs $3.0B, roughly 1.4× Sandisk Corp). Sandisk Corp runs the higher net margin — 26.5% vs 17.7%, a 8.9% gap on every dollar of revenue. On growth, Sandisk Corp posted the faster year-over-year revenue change (78.5% vs 13.3%). Sandisk Corp produced more free cash flow last quarter ($980.0M vs $116.0M).
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 ...
Sandisk Corporation is an American multinational computer technology company based in Milpitas, California, that designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives. It was founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan. The name is a portmanteau of the founder’s name Sanjay and disk.
RCL vs SNDK — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.3B | $3.0B |
| Net Profit | $753.0M | $803.0M |
| Gross Margin | 47.4% | 50.9% |
| Operating Margin | 21.9% | 35.2% |
| Net Margin | 17.7% | 26.5% |
| Revenue YoY | 13.3% | 78.5% |
| Net Profit YoY | 36.4% | 141.5% |
| EPS (diluted) | $2.76 | $5.15 |
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.
| Q1 26 | — | $3.0B | ||
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.0B | $1.7B | ||
| Q4 24 | $3.8B | $1.9B | ||
| Q3 24 | $4.9B | $1.9B | ||
| Q2 24 | $4.1B | — |
| Q1 26 | — | $803.0M | ||
| Q4 25 | $753.0M | $112.0M | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.2B | $-23.0M | ||
| Q1 25 | $730.0M | $-1.9B | ||
| Q4 24 | $552.0M | $104.0M | ||
| Q3 24 | $1.1B | $211.0M | ||
| Q2 24 | $854.0M | — |
| Q1 26 | — | 50.9% | ||
| Q4 25 | 47.4% | 29.8% | ||
| Q3 25 | 51.8% | — | ||
| Q2 25 | 49.7% | 26.2% | ||
| Q1 25 | 48.0% | 22.5% | ||
| Q4 24 | 45.4% | 32.3% | ||
| Q3 24 | 51.1% | 38.6% | ||
| Q2 24 | 47.6% | — |
| Q1 26 | — | 35.2% | ||
| Q4 25 | 21.9% | 7.6% | ||
| Q3 25 | 33.1% | — | ||
| Q2 25 | 29.3% | 0.9% | ||
| Q1 25 | 23.6% | -111.0% | ||
| Q4 24 | 16.6% | 10.4% | ||
| Q3 24 | 33.4% | 15.5% | ||
| Q2 24 | 26.7% | — |
| Q1 26 | — | 26.5% | ||
| Q4 25 | 17.7% | 4.9% | ||
| Q3 25 | 30.6% | — | ||
| Q2 25 | 26.7% | -1.2% | ||
| Q1 25 | 18.3% | -114.0% | ||
| Q4 24 | 14.7% | 5.5% | ||
| Q3 24 | 22.7% | 11.2% | ||
| Q2 24 | 20.8% | — |
| Q1 26 | — | $5.15 | ||
| Q4 25 | $2.76 | $0.75 | ||
| Q3 25 | $5.74 | — | ||
| Q2 25 | $4.41 | $-0.17 | ||
| Q1 25 | $2.70 | $-13.33 | ||
| Q4 24 | $2.27 | $0.72 | ||
| Q3 24 | $4.21 | $1.46 | ||
| Q2 24 | $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 | $1.5B |
| Total DebtLower is stronger | $18.2B | $603.0M |
| Stockholders' EquityBook value | $10.0B | $10.2B |
| Total Assets | $41.6B | $13.0B |
| Debt / EquityLower = less leverage | 1.81× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.5B | ||
| Q4 25 | $825.0M | $1.4B | ||
| Q3 25 | $432.0M | — | ||
| Q2 25 | $735.0M | $1.5B | ||
| Q1 25 | $386.0M | $1.5B | ||
| Q4 24 | $388.0M | $804.0M | ||
| Q3 24 | $418.0M | — | ||
| Q2 24 | $391.0M | — |
| Q1 26 | — | $603.0M | ||
| Q4 25 | $18.2B | $1.4B | ||
| Q3 25 | $17.2B | — | ||
| Q2 25 | $17.6B | $1.8B | ||
| Q1 25 | $18.0B | $1.9B | ||
| Q4 24 | $18.5B | — | ||
| Q3 24 | $19.0B | — | ||
| Q2 24 | $19.8B | — |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $10.0B | $9.4B | ||
| Q3 25 | $10.1B | — | ||
| Q2 25 | $9.2B | $9.2B | ||
| Q1 25 | $8.0B | $9.2B | ||
| Q4 24 | $7.6B | $12.0B | ||
| Q3 24 | $7.0B | $12.1B | ||
| Q2 24 | $6.0B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $41.6B | $12.7B | ||
| Q3 25 | $40.1B | — | ||
| Q2 25 | $38.5B | $13.0B | ||
| Q1 25 | $37.5B | $13.0B | ||
| Q4 24 | $37.1B | $14.2B | ||
| Q3 24 | $37.1B | — | ||
| Q2 24 | $37.0B | — |
| Q1 26 | — | 0.06× | ||
| Q4 25 | 1.81× | 0.14× | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.92× | 0.20× | ||
| Q1 25 | 2.26× | 0.21× | ||
| 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 | $1.6B | $1.0B |
| Free Cash FlowOCF − Capex | $116.0M | $980.0M |
| FCF MarginFCF / Revenue | 2.7% | 32.4% |
| Capex IntensityCapex / Revenue | 35.4% | 1.3% |
| Cash ConversionOCF / Net Profit | 2.16× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.6B | $488.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | $26.0M | ||
| Q4 24 | $1.5B | $95.0M | ||
| Q3 24 | $897.0M | $-131.0M | ||
| Q2 24 | $1.6B | — |
| Q1 26 | — | $980.0M | ||
| Q4 25 | $116.0M | $438.0M | ||
| Q3 25 | $-989.0M | — | ||
| Q2 25 | $910.0M | — | ||
| Q1 25 | $1.2B | $-18.0M | ||
| Q4 24 | $915.0M | $47.0M | ||
| Q3 24 | $563.0M | $-198.0M | ||
| Q2 24 | $-567.0M | — |
| Q1 26 | — | 32.4% | ||
| Q4 25 | 2.7% | 19.0% | ||
| Q3 25 | -19.2% | — | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | 30.0% | -1.1% | ||
| Q4 24 | 24.3% | 2.5% | ||
| Q3 24 | 11.5% | -10.5% | ||
| Q2 24 | -13.8% | — |
| Q1 26 | — | 1.3% | ||
| Q4 25 | 35.4% | 2.2% | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 10.7% | 2.6% | ||
| Q4 24 | 14.7% | 2.6% | ||
| Q3 24 | 6.8% | 3.6% | ||
| Q2 24 | 52.1% | — |
| Q1 26 | — | 1.27× | ||
| Q4 25 | 2.16× | 4.36× | ||
| Q3 25 | 0.93× | — | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.66× | 0.91× | ||
| Q3 24 | 0.81× | -0.62× | ||
| Q2 24 | 1.84× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
SNDK
| Edge | $1.7B | 55% |
| Consumer | $907.0M | 30% |
| Datacenter | $440.0M | 15% |
