The Filing Desk

Royal Caribbean Group vs Trip.com Group

Royal Caribbean Group RCL · Trip.com Group TCOM · Hotels, Resorts & Cruise Lines

Royal Caribbean Group reported revenue of $17.9 billion in fiscal 2025, and Trip.com Group CN¥62.4 billion in fiscal 2025, in different currencies. Royal Caribbean Group's revenue grew 8.8% in its latest year, and Trip.com Group's grew 17.1%. Royal Caribbean Group had an operating margin of 27.4%, against 25.3% at Trip.com Group. Free cash flow was $1.2 billion at Royal Caribbean Group and CN¥13.6 billion at Trip.com Group.

Side by side

Royal Caribbean GroupTrip.com Group
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$17.9BCN¥62.4B
Revenue growth8.8%17.1%
Revenue growth a year, last 5 years52.0%27.8%
Gross margin49.4%80.6%
Operating margin27.4%25.3%
Net margin23.8%53.4%
Free cash flow$1.2BCN¥13.6B
Free cash flow margin6.9%21.8%
Return on capital16.6%14.4%
Net debt to EBITDA3.1x−3.7x
Dividends and buybacks$2.0BCN¥5.8B
Change in diluted share count−1.8%1.4%
Last close$280.60$39.91
P/E at the last close17.3×—
Insider trades, last 12 monthssold $631.0 million—
Piotroski F-score9 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
In each company's own currency, fiscal years
Royal Caribbean GroupTrip.com Group
Operating margin
Percent of revenue
Royal Caribbean GroupTrip.com Group
Free cash flow
In each company's own currency. Cash from operations minus capital expenditure.
Royal Caribbean GroupTrip.com Group

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Royal Caribbean Group and Trip.com Group pages.