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Side-by-side financial comparison of Royal Caribbean Group (RCL) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $4.5B, roughly 1.4× Royal Caribbean Group). Union Pacific Corporation runs the higher net margin — 27.4% vs 21.3%, a 6.0% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 3.2%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% CAGR vs 1.7%).
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 ...
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
RCL vs UNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $6.2B |
| Net Profit | $950.0M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | 26.1% | 39.5% |
| Net Margin | 21.3% | 27.4% |
| Revenue YoY | 11.3% | 3.2% |
| Net Profit YoY | 29.1% | -2.1% |
| EPS (diluted) | $3.48 | $2.87 |
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 | $6.2B | ||
| Q4 25 | $4.3B | $6.1B | ||
| Q3 25 | $5.1B | $6.2B | ||
| Q2 25 | $4.5B | $6.2B | ||
| Q1 25 | $4.0B | $6.0B | ||
| Q4 24 | $3.8B | $6.1B | ||
| Q3 24 | $4.9B | $6.1B | ||
| Q2 24 | $4.1B | $6.0B |
| Q1 26 | $950.0M | $1.7B | ||
| Q4 25 | $753.0M | $1.8B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $730.0M | $1.6B | ||
| Q4 24 | $552.0M | $1.8B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $854.0M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.8% | — | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | 45.4% | — | ||
| Q3 24 | 51.1% | — | ||
| Q2 24 | 47.6% | — |
| Q1 26 | 26.1% | 39.5% | ||
| Q4 25 | 21.9% | 39.5% | ||
| Q3 25 | 33.1% | 40.8% | ||
| Q2 25 | 29.3% | 41.0% | ||
| Q1 25 | 23.6% | 39.3% | ||
| Q4 24 | 16.6% | 41.3% | ||
| Q3 24 | 33.4% | 39.7% | ||
| Q2 24 | 26.7% | 40.0% |
| Q1 26 | 21.3% | 27.4% | ||
| Q4 25 | 17.7% | 30.4% | ||
| Q3 25 | 30.6% | 28.6% | ||
| Q2 25 | 26.7% | 30.5% | ||
| Q1 25 | 18.3% | 27.0% | ||
| Q4 24 | 14.7% | 28.8% | ||
| Q3 24 | 22.7% | 27.4% | ||
| Q2 24 | 20.8% | 27.9% |
| Q1 26 | $3.48 | $2.87 | ||
| Q4 25 | $2.76 | $3.12 | ||
| Q3 25 | $5.74 | $3.01 | ||
| Q2 25 | $4.41 | $3.15 | ||
| Q1 25 | $2.70 | $2.70 | ||
| Q4 24 | $2.27 | $2.91 | ||
| Q3 24 | $4.21 | $2.75 | ||
| Q2 24 | $3.11 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | $21.1B | — |
| Stockholders' EquityBook value | $10.0B | — |
| Total Assets | $42.0B | $69.6B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | $735.0M | ||
| Q4 25 | $825.0M | $1.3B | ||
| Q3 25 | $432.0M | $808.0M | ||
| Q2 25 | $735.0M | $1.1B | ||
| Q1 25 | $386.0M | $1.4B | ||
| Q4 24 | $388.0M | $1.0B | ||
| Q3 24 | $418.0M | $947.0M | ||
| Q2 24 | $391.0M | $1.1B |
| Q1 26 | $21.1B | — | ||
| Q4 25 | $18.2B | $30.3B | ||
| Q3 25 | $17.2B | $30.3B | ||
| Q2 25 | $17.6B | $30.3B | ||
| Q1 25 | $18.0B | $30.6B | ||
| Q4 24 | $18.5B | $29.8B | ||
| Q3 24 | $19.0B | $29.8B | ||
| Q2 24 | $19.8B | $31.2B |
| Q1 26 | $10.0B | — | ||
| Q4 25 | $10.0B | $18.5B | ||
| Q3 25 | $10.1B | $17.3B | ||
| Q2 25 | $9.2B | $16.3B | ||
| Q1 25 | $8.0B | $16.0B | ||
| Q4 24 | $7.6B | $16.9B | ||
| Q3 24 | $7.0B | $16.6B | ||
| Q2 24 | $6.0B | $16.5B |
| Q1 26 | $42.0B | $69.6B | ||
| Q4 25 | $41.6B | $69.7B | ||
| Q3 25 | $40.1B | $68.6B | ||
| Q2 25 | $38.5B | $68.6B | ||
| Q1 25 | $37.5B | $68.5B | ||
| Q4 24 | $37.1B | $67.7B | ||
| Q3 24 | $37.1B | $67.6B | ||
| Q2 24 | $37.0B | $67.8B |
| Q1 26 | 2.11× | — | ||
| Q4 25 | 1.81× | 1.64× | ||
| Q3 25 | 1.70× | 1.75× | ||
| Q2 25 | 1.92× | 1.86× | ||
| Q1 25 | 2.26× | 1.91× | ||
| Q4 24 | 2.44× | 1.76× | ||
| Q3 24 | 2.69× | 1.79× | ||
| Q2 24 | 3.29× | 1.89× |
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 | — | $631.0M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $897.0M | $2.7B | ||
| Q2 24 | $1.6B | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | $116.0M | $1.2B | ||
| Q3 25 | $-989.0M | $1.6B | ||
| Q2 25 | $910.0M | $1.4B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $915.0M | $1.7B | ||
| Q3 24 | $563.0M | $1.8B | ||
| Q2 24 | $-567.0M | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | 2.7% | 20.1% | ||
| Q3 25 | -19.2% | 25.2% | ||
| Q2 25 | 20.1% | 22.7% | ||
| Q1 25 | 30.0% | 21.6% | ||
| Q4 24 | 24.3% | 28.4% | ||
| Q3 24 | 11.5% | 29.9% | ||
| Q2 24 | -13.8% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | 16.4% | ||
| Q3 25 | 47.8% | 15.2% | ||
| Q2 25 | 18.4% | 15.2% | ||
| Q1 25 | 10.7% | 15.0% | ||
| Q4 24 | 14.7% | 15.1% | ||
| Q3 24 | 6.8% | 13.6% | ||
| Q2 24 | 52.1% | 15.0% |
| Q1 26 | 1.93× | — | ||
| Q4 25 | 2.16× | 1.20× | ||
| Q3 25 | 0.93× | 1.41× | ||
| Q2 25 | 1.44× | 1.24× | ||
| Q1 25 | 2.23× | 1.36× | ||
| Q4 24 | 2.66× | 1.51× | ||
| Q3 24 | 0.81× | 1.59× | ||
| Q2 24 | 1.84× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
