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Side-by-side financial comparison of Royal Caribbean Group (RCL) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.3B vs $2.6B, roughly 1.6× Vertiv Holdings Co). Royal Caribbean Group runs the higher net margin — 17.7% vs 14.7%, a 3.0% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 13.3%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $116.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs 6.9%).
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 ...
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
RCL vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.3B | $2.6B |
| Net Profit | $753.0M | $390.1M |
| Gross Margin | 47.4% | 37.7% |
| Operating Margin | 21.9% | — |
| Net Margin | 17.7% | 14.7% |
| Revenue YoY | 13.3% | 30.1% |
| Net Profit YoY | 36.4% | 137.1% |
| EPS (diluted) | $2.76 | $0.99 |
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 | — | $2.6B | ||
| Q4 25 | $4.3B | $2.9B | ||
| Q3 25 | $5.1B | $2.7B | ||
| Q2 25 | $4.5B | $2.6B | ||
| Q1 25 | $4.0B | $2.0B | ||
| Q4 24 | $3.8B | $2.3B | ||
| Q3 24 | $4.9B | $2.1B | ||
| Q2 24 | $4.1B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $753.0M | $445.6M | ||
| Q3 25 | $1.6B | $398.5M | ||
| Q2 25 | $1.2B | $324.2M | ||
| Q1 25 | $730.0M | $164.5M | ||
| Q4 24 | $552.0M | $147.0M | ||
| Q3 24 | $1.1B | $176.6M | ||
| Q2 24 | $854.0M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 47.4% | 38.9% | ||
| Q3 25 | 51.8% | 37.8% | ||
| Q2 25 | 49.7% | 34.0% | ||
| Q1 25 | 48.0% | 33.7% | ||
| Q4 24 | 45.4% | 37.1% | ||
| Q3 24 | 51.1% | 36.5% | ||
| Q2 24 | 47.6% | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 21.9% | 20.1% | ||
| Q3 25 | 33.1% | 19.3% | ||
| Q2 25 | 29.3% | 16.8% | ||
| Q1 25 | 23.6% | 14.3% | ||
| Q4 24 | 16.6% | 19.5% | ||
| Q3 24 | 33.4% | 17.9% | ||
| Q2 24 | 26.7% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 17.7% | 15.5% | ||
| Q3 25 | 30.6% | 14.9% | ||
| Q2 25 | 26.7% | 12.3% | ||
| Q1 25 | 18.3% | 8.1% | ||
| Q4 24 | 14.7% | 6.3% | ||
| Q3 24 | 22.7% | 8.5% | ||
| Q2 24 | 20.8% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $2.76 | $1.14 | ||
| Q3 25 | $5.74 | $1.02 | ||
| Q2 25 | $4.41 | $0.83 | ||
| Q1 25 | $2.70 | $0.42 | ||
| Q4 24 | $2.27 | $0.38 | ||
| Q3 24 | $4.21 | $0.46 | ||
| Q2 24 | $3.11 | $0.46 |
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 | $2.5B |
| Total DebtLower is stronger | $18.2B | $0 |
| Stockholders' EquityBook value | $10.0B | $4.2B |
| Total Assets | $41.6B | $13.4B |
| Debt / EquityLower = less leverage | 1.81× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $825.0M | $1.7B | ||
| Q3 25 | $432.0M | $1.4B | ||
| Q2 25 | $735.0M | $1.6B | ||
| Q1 25 | $386.0M | $1.5B | ||
| Q4 24 | $388.0M | $1.2B | ||
| Q3 24 | $418.0M | $908.7M | ||
| Q2 24 | $391.0M | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $18.2B | $2.9B | ||
| Q3 25 | $17.2B | $2.9B | ||
| Q2 25 | $17.6B | $2.9B | ||
| Q1 25 | $18.0B | $2.9B | ||
| Q4 24 | $18.5B | $2.9B | ||
| Q3 24 | $19.0B | $2.9B | ||
| Q2 24 | $19.8B | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $10.0B | $3.9B | ||
| Q3 25 | $10.1B | $3.5B | ||
| Q2 25 | $9.2B | $3.1B | ||
| Q1 25 | $8.0B | $2.7B | ||
| Q4 24 | $7.6B | $2.4B | ||
| Q3 24 | $7.0B | $1.8B | ||
| Q2 24 | $6.0B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $41.6B | $12.2B | ||
| Q3 25 | $40.1B | $10.8B | ||
| Q2 25 | $38.5B | $10.4B | ||
| Q1 25 | $37.5B | $9.5B | ||
| Q4 24 | $37.1B | $9.1B | ||
| Q3 24 | $37.1B | $8.9B | ||
| Q2 24 | $37.0B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.81× | 0.74× | ||
| Q3 25 | 1.70× | 0.83× | ||
| Q2 25 | 1.92× | 0.93× | ||
| Q1 25 | 2.26× | 1.10× | ||
| Q4 24 | 2.44× | 1.20× | ||
| Q3 24 | 2.69× | 1.62× | ||
| Q2 24 | 3.29× | 1.91× |
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 | — |
| Free Cash FlowOCF − Capex | $116.0M | $652.8M |
| FCF MarginFCF / Revenue | 2.7% | 24.6% |
| Capex IntensityCapex / Revenue | 35.4% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $978.9M | ||
| Q3 25 | $1.5B | $508.7M | ||
| Q2 25 | $1.7B | $322.9M | ||
| Q1 25 | $1.6B | $303.3M | ||
| Q4 24 | $1.5B | $425.2M | ||
| Q3 24 | $897.0M | $378.2M | ||
| Q2 24 | $1.6B | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $116.0M | $885.6M | ||
| Q3 25 | $-989.0M | $463.5M | ||
| Q2 25 | $910.0M | $277.9M | ||
| Q1 25 | $1.2B | $266.8M | ||
| Q4 24 | $915.0M | $364.5M | ||
| Q3 24 | $563.0M | $341.8M | ||
| Q2 24 | $-567.0M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 2.7% | 30.8% | ||
| Q3 25 | -19.2% | 17.3% | ||
| Q2 25 | 20.1% | 10.5% | ||
| Q1 25 | 30.0% | 13.1% | ||
| Q4 24 | 24.3% | 15.5% | ||
| Q3 24 | 11.5% | 16.5% | ||
| Q2 24 | -13.8% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 35.4% | 3.2% | ||
| Q3 25 | 47.8% | 1.7% | ||
| Q2 25 | 18.4% | 1.7% | ||
| Q1 25 | 10.7% | 1.8% | ||
| Q4 24 | 14.7% | 2.6% | ||
| Q3 24 | 6.8% | 1.8% | ||
| Q2 24 | 52.1% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.16× | 2.20× | ||
| Q3 25 | 0.93× | 1.28× | ||
| Q2 25 | 1.44× | 1.00× | ||
| Q1 25 | 2.23× | 1.84× | ||
| Q4 24 | 2.66× | 2.89× | ||
| Q3 24 | 0.81× | 2.14× | ||
| Q2 24 | 1.84× | 2.12× |
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% |
VRT
Segment breakdown not available.
