vs
Side-by-side financial comparison of Royal Caribbean Group (RCL) and Synopsys (SNPS). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.5B vs $2.3B, roughly 2.0× Synopsys). Royal Caribbean Group runs the higher net margin — 21.3% vs 19.9%, a 1.4% gap on every dollar of revenue. On growth, Synopsys posted the faster year-over-year revenue change (50.6% vs 11.3%). Over the past eight quarters, Synopsys's revenue compounded faster (16.9% CAGR vs 4.1%).
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 ...
Synopsys, Inc. is an American multinational electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on design and verification of silicon chips, electronic system-level design and verification, and reusable components. Synopsys supplies tools and services to the semiconductor design and manufacturing industry.
RCL vs SNPS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $2.3B |
| Net Profit | $950.0M | $448.7M |
| Gross Margin | — | 71.0% |
| Operating Margin | 26.1% | 5.4% |
| Net Margin | 21.3% | 19.9% |
| Revenue YoY | 11.3% | 50.6% |
| Net Profit YoY | 29.1% | -59.7% |
| EPS (diluted) | $3.48 | $2.44 |
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 | $4.5B | — | ||
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $5.1B | $1.7B | ||
| Q2 25 | $4.5B | $1.6B | ||
| Q1 25 | $4.0B | $1.5B | ||
| Q4 24 | $3.8B | $1.5B | ||
| Q3 24 | $4.9B | $1.5B | ||
| Q2 24 | $4.1B | $1.5B |
| Q1 26 | $950.0M | — | ||
| Q4 25 | $753.0M | $448.7M | ||
| Q3 25 | $1.6B | $242.5M | ||
| Q2 25 | $1.2B | $345.3M | ||
| Q1 25 | $730.0M | $295.7M | ||
| Q4 24 | $552.0M | $1.1B | ||
| Q3 24 | $1.1B | $408.1M | ||
| Q2 24 | $854.0M | $292.1M |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | 71.0% | ||
| Q3 25 | 51.8% | 78.1% | ||
| Q2 25 | 49.7% | 80.2% | ||
| Q1 25 | 48.0% | 81.4% | ||
| Q4 24 | 45.4% | 78.3% | ||
| Q3 24 | 51.1% | 80.9% | ||
| Q2 24 | 47.6% | 79.4% |
| Q1 26 | 26.1% | — | ||
| Q4 25 | 21.9% | 5.4% | ||
| Q3 25 | 33.1% | 9.5% | ||
| Q2 25 | 29.3% | 23.5% | ||
| Q1 25 | 23.6% | 17.3% | ||
| Q4 24 | 16.6% | 20.3% | ||
| Q3 24 | 33.4% | 23.6% | ||
| Q2 24 | 26.7% | 22.8% |
| Q1 26 | 21.3% | — | ||
| Q4 25 | 17.7% | 19.9% | ||
| Q3 25 | 30.6% | 13.9% | ||
| Q2 25 | 26.7% | 21.5% | ||
| Q1 25 | 18.3% | 20.3% | ||
| Q4 24 | 14.7% | 74.4% | ||
| Q3 24 | 22.7% | 26.7% | ||
| Q2 24 | 20.8% | 20.1% |
| Q1 26 | $3.48 | — | ||
| Q4 25 | $2.76 | $2.44 | ||
| Q3 25 | $5.74 | $1.50 | ||
| Q2 25 | $4.41 | $2.21 | ||
| Q1 25 | $2.70 | $1.89 | ||
| Q4 24 | $2.27 | $7.13 | ||
| Q3 24 | $4.21 | $2.61 | ||
| Q2 24 | $3.11 | $1.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.0M | $3.0B |
| Total DebtLower is stronger | $21.1B | $13.5B |
| Stockholders' EquityBook value | $10.0B | $28.3B |
| Total Assets | $42.0B | $48.2B |
| Debt / EquityLower = less leverage | 2.11× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $825.0M | $3.0B | ||
| Q3 25 | $432.0M | $2.6B | ||
| Q2 25 | $735.0M | $14.3B | ||
| Q1 25 | $386.0M | $3.8B | ||
| Q4 24 | $388.0M | $4.1B | ||
| Q3 24 | $418.0M | $2.0B | ||
| Q2 24 | $391.0M | $1.7B |
| Q1 26 | $21.1B | — | ||
| Q4 25 | $18.2B | $13.5B | ||
| Q3 25 | $17.2B | $14.3B | ||
| Q2 25 | $17.6B | $10.1B | ||
| Q1 25 | $18.0B | — | ||
| Q4 24 | $18.5B | — | ||
| Q3 24 | $19.0B | — | ||
| Q2 24 | $19.8B | — |
| Q1 26 | $10.0B | — | ||
| Q4 25 | $10.0B | $28.3B | ||
| Q3 25 | $10.1B | $27.6B | ||
| Q2 25 | $9.2B | $9.9B | ||
| Q1 25 | $8.0B | $9.3B | ||
| Q4 24 | $7.6B | $9.0B | ||
| Q3 24 | $7.0B | $7.7B | ||
| Q2 24 | $6.0B | $7.2B |
| Q1 26 | $42.0B | — | ||
| Q4 25 | $41.6B | $48.2B | ||
| Q3 25 | $40.1B | $48.2B | ||
| Q2 25 | $38.5B | $23.8B | ||
| Q1 25 | $37.5B | $13.0B | ||
| Q4 24 | $37.1B | $13.1B | ||
| Q3 24 | $37.1B | $11.6B | ||
| Q2 24 | $37.0B | $11.0B |
| Q1 26 | 2.11× | — | ||
| Q4 25 | 1.81× | 0.48× | ||
| Q3 25 | 1.70× | 0.52× | ||
| Q2 25 | 1.92× | 1.01× | ||
| 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 | $639.7M |
| Free Cash FlowOCF − Capex | — | $605.2M |
| FCF MarginFCF / Revenue | — | 26.8% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 1.93× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.6B | $639.7M | ||
| Q3 25 | $1.5B | $671.0M | ||
| Q2 25 | $1.7B | $275.4M | ||
| Q1 25 | $1.6B | $-67.5M | ||
| Q4 24 | $1.5B | $562.8M | ||
| Q3 24 | $897.0M | $455.4M | ||
| Q2 24 | $1.6B | $476.6M |
| Q1 26 | — | — | ||
| Q4 25 | $116.0M | $605.2M | ||
| Q3 25 | $-989.0M | $632.4M | ||
| Q2 25 | $910.0M | $219.8M | ||
| Q1 25 | $1.2B | $-108.2M | ||
| Q4 24 | $915.0M | $558.4M | ||
| Q3 24 | $563.0M | $415.4M | ||
| Q2 24 | $-567.0M | $438.2M |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 26.8% | ||
| Q3 25 | -19.2% | 36.3% | ||
| Q2 25 | 20.1% | 13.7% | ||
| Q1 25 | 30.0% | -7.4% | ||
| Q4 24 | 24.3% | 37.3% | ||
| Q3 24 | 11.5% | 27.2% | ||
| Q2 24 | -13.8% | 30.1% |
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | 1.5% | ||
| Q3 25 | 47.8% | 2.2% | ||
| Q2 25 | 18.4% | 3.5% | ||
| Q1 25 | 10.7% | 2.8% | ||
| Q4 24 | 14.7% | 0.3% | ||
| Q3 24 | 6.8% | 2.6% | ||
| Q2 24 | 52.1% | 2.6% |
| Q1 26 | 1.93× | — | ||
| Q4 25 | 2.16× | 1.43× | ||
| Q3 25 | 0.93× | 2.77× | ||
| Q2 25 | 1.44× | 0.80× | ||
| Q1 25 | 2.23× | -0.23× | ||
| Q4 24 | 2.66× | 0.51× | ||
| Q3 24 | 0.81× | 1.12× | ||
| Q2 24 | 1.84× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
SNPS
| License And Maintenance | $940.7M | 42% |
| Other | $640.0M | 28% |
| Design IP Segment | $407.1M | 18% |
| KR | $236.9M | 11% |
| Sales Based Royalties | $30.1M | 1% |
