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Side-by-side financial comparison of Royal Caribbean Group (RCL) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $4.5B, roughly 1.4× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 1.9%, a 19.5% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 3.6%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% CAGR vs 2.4%).
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 ...
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
RCL vs XYZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $6.3B |
| Net Profit | $950.0M | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 26.1% | 7.8% |
| Net Margin | 21.3% | 1.9% |
| Revenue YoY | 11.3% | 3.6% |
| Net Profit YoY | 29.1% | -94.1% |
| EPS (diluted) | $3.48 | $0.19 |
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 | $6.3B | ||
| Q3 25 | $5.1B | $6.1B | ||
| Q2 25 | $4.5B | $6.1B | ||
| Q1 25 | $4.0B | $5.8B | ||
| Q4 24 | $3.8B | $6.0B | ||
| Q3 24 | $4.9B | $6.0B | ||
| Q2 24 | $4.1B | $6.2B |
| Q1 26 | $950.0M | — | ||
| Q4 25 | $753.0M | $115.8M | ||
| Q3 25 | $1.6B | $461.5M | ||
| Q2 25 | $1.2B | $538.5M | ||
| Q1 25 | $730.0M | $189.9M | ||
| Q4 24 | $552.0M | $1.9B | ||
| Q3 24 | $1.1B | $283.8M | ||
| Q2 24 | $854.0M | $195.3M |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | 45.9% | ||
| Q3 25 | 51.8% | 43.5% | ||
| Q2 25 | 49.7% | 41.9% | ||
| Q1 25 | 48.0% | 39.7% | ||
| Q4 24 | 45.4% | 38.3% | ||
| Q3 24 | 51.1% | 37.6% | ||
| Q2 24 | 47.6% | 36.3% |
| Q1 26 | 26.1% | — | ||
| Q4 25 | 21.9% | 7.8% | ||
| Q3 25 | 33.1% | 6.7% | ||
| Q2 25 | 29.3% | 8.0% | ||
| Q1 25 | 23.6% | 5.7% | ||
| Q4 24 | 16.6% | 0.2% | ||
| Q3 24 | 33.4% | 5.4% | ||
| Q2 24 | 26.7% | 5.0% |
| Q1 26 | 21.3% | — | ||
| Q4 25 | 17.7% | 1.9% | ||
| Q3 25 | 30.6% | 7.5% | ||
| Q2 25 | 26.7% | 8.9% | ||
| Q1 25 | 18.3% | 3.3% | ||
| Q4 24 | 14.7% | 32.3% | ||
| Q3 24 | 22.7% | 4.7% | ||
| Q2 24 | 20.8% | 3.2% |
| Q1 26 | $3.48 | — | ||
| Q4 25 | $2.76 | $0.19 | ||
| Q3 25 | $5.74 | $0.74 | ||
| Q2 25 | $4.41 | $0.87 | ||
| Q1 25 | $2.70 | $0.30 | ||
| Q4 24 | $2.27 | $3.06 | ||
| Q3 24 | $4.21 | $0.45 | ||
| Q2 24 | $3.11 | $0.31 |
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 | $6.6B |
| Total DebtLower is stronger | $21.1B | — |
| Stockholders' EquityBook value | $10.0B | $22.2B |
| Total Assets | $42.0B | $39.5B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $825.0M | $6.6B | ||
| Q3 25 | $432.0M | $8.3B | ||
| Q2 25 | $735.0M | $6.4B | ||
| Q1 25 | $386.0M | $7.1B | ||
| Q4 24 | $388.0M | $8.1B | ||
| Q3 24 | $418.0M | $8.3B | ||
| Q2 24 | $391.0M | $7.8B |
| Q1 26 | $21.1B | — | ||
| Q4 25 | $18.2B | — | ||
| Q3 25 | $17.2B | $7.3B | ||
| Q2 25 | $17.6B | $5.1B | ||
| Q1 25 | $18.0B | $5.1B | ||
| Q4 24 | $18.5B | $6.1B | ||
| Q3 24 | $19.0B | $6.1B | ||
| Q2 24 | $19.8B | $6.1B |
| Q1 26 | $10.0B | — | ||
| Q4 25 | $10.0B | $22.2B | ||
| Q3 25 | $10.1B | $22.5B | ||
| Q2 25 | $9.2B | $22.2B | ||
| Q1 25 | $8.0B | $21.5B | ||
| Q4 24 | $7.6B | $21.3B | ||
| Q3 24 | $7.0B | $19.9B | ||
| Q2 24 | $6.0B | $19.3B |
| Q1 26 | $42.0B | — | ||
| Q4 25 | $41.6B | $39.5B | ||
| Q3 25 | $40.1B | $39.2B | ||
| Q2 25 | $38.5B | $36.9B | ||
| Q1 25 | $37.5B | $36.4B | ||
| Q4 24 | $37.1B | $36.8B | ||
| Q3 24 | $37.1B | $36.4B | ||
| Q2 24 | $37.0B | $37.5B |
| Q1 26 | 2.11× | — | ||
| Q4 25 | 1.81× | — | ||
| Q3 25 | 1.70× | 0.32× | ||
| Q2 25 | 1.92× | 0.23× | ||
| Q1 25 | 2.26× | 0.24× | ||
| Q4 24 | 2.44× | 0.29× | ||
| Q3 24 | 2.69× | 0.31× | ||
| Q2 24 | 3.29× | 0.32× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | — | $579.8M |
| FCF MarginFCF / Revenue | — | 9.3% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 1.93× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.6B | $621.0M | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.7B | $374.3M | ||
| Q1 25 | $1.6B | $133.3M | ||
| Q4 24 | $1.5B | $13.8M | ||
| Q3 24 | $897.0M | $684.8M | ||
| Q2 24 | $1.6B | $519.4M |
| Q1 26 | — | — | ||
| Q4 25 | $116.0M | $579.8M | ||
| Q3 25 | $-989.0M | $1.4B | ||
| Q2 25 | $910.0M | $343.0M | ||
| Q1 25 | $1.2B | $101.5M | ||
| Q4 24 | $915.0M | $-13.2M | ||
| Q3 24 | $563.0M | $628.2M | ||
| Q2 24 | $-567.0M | $481.0M |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 9.3% | ||
| Q3 25 | -19.2% | 22.9% | ||
| Q2 25 | 20.1% | 5.7% | ||
| Q1 25 | 30.0% | 1.8% | ||
| Q4 24 | 24.3% | -0.2% | ||
| Q3 24 | 11.5% | 10.5% | ||
| Q2 24 | -13.8% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | 0.7% | ||
| Q3 25 | 47.8% | 0.8% | ||
| Q2 25 | 18.4% | 0.5% | ||
| Q1 25 | 10.7% | 0.6% | ||
| Q4 24 | 14.7% | 0.4% | ||
| Q3 24 | 6.8% | 0.9% | ||
| Q2 24 | 52.1% | 0.6% |
| Q1 26 | 1.93× | — | ||
| Q4 25 | 2.16× | 5.36× | ||
| Q3 25 | 0.93× | 3.14× | ||
| Q2 25 | 1.44× | 0.70× | ||
| Q1 25 | 2.23× | 0.70× | ||
| Q4 24 | 2.66× | 0.01× | ||
| Q3 24 | 0.81× | 2.41× | ||
| Q2 24 | 1.84× | 2.66× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
