Expedia vs Royal Caribbean
Royal Caribbean is the larger business, with $17.93bn of revenue in fiscal 2025 against $14.73bn for Expedia (1.2 times as much). Royal Caribbean grew faster (8.8% against 7.6%). Royal Caribbean kept more of each dollar of sales as profit: a net margin of 23.8% against 8.8%.
| Latest fiscal year | ExpediaEXPE, 2025 | Royal CaribbeanRCL, 2025 |
|---|---|---|
| Revenue | $14.73bn | $17.93bn |
| Revenue growth | 7.6% | 8.8% |
| Net income | $1.29bn | $4.27bn |
| Operating margin | 12.7% | — |
| Net margin | 8.8% | 23.8% |
| Return on equity | 91.1% | 48.5% |
| Free cash flow | $3.11bn | $1.24bn |
| Cash | $5.41bn | $825m |
| Total debt | $6.16bn | $21.34bn |
| Debt to equity | 479.8% | — |
| Dividend per share | $1.60 | $3.50 |
| Dividend yield | 0.6% | 1.6% |
| Share buybacks | $1.93bn | $1.16bn |
| Employees | 16,000 | 108,000 |
| Market value | $34.23bn | $86.05bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 57 (Moderate) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 12 sales | 0 buys, 125 sales |