Latest period
$5.30B
YoY change
+60.0%
5Y CAGR
+21.6%
Peak year (2025)
$5.23B
Cumulative CapEx
$56.31B
CapEx history chart for Royal Caribbean Cruises (RCL) from 1991 to 2025
Latest: $5.23B
CapEx growth chart for Royal Caribbean Cruises (RCL) from 1991 to 2025
Latest: +60.0%
CapEx history table for Royal Caribbean Cruises (RCL) from 1991 to 2025
| 2025 | $5.23B | +60.0% | +$1.96B | ||
| 2024 | $3.27B | -16.1% | −$629.00M | ||
| 2023 | $3.90B | +43.8% | +$1.19B | ||
| 2022 | $2.71B | +21.5% | +$480.00M | ||
| 2021 | $2.23B | +13.5% | +$264.87M | ||
| 2020 | $1.97B | -35.0% | −$1.06B | ||
| 2019 | $3.02B | -17.4% | −$635.37M | ||
| 2018 | $3.66B | +548.8% | +$3.10B | ||
| 2017 | $564.14M | -77.4% | −$1.93B | ||
| 2016 | $2.49B | +54.6% | +$881.02M | ||
| 2015 | $1.61B | -10.9% | −$198.06M | ||
| 2014 | $1.81B | +137.2% | +$1.05B | ||
| 2013 | $763.78M | -40.9% | −$527.72M | ||
| 2012 | $1.29B | +10.0% | +$117.87M | ||
| 2011 | $1.17B | -46.3% | −$1.01B | ||
| 2010 | $2.19B | -11.7% | −$290.36M | ||
| 2009 | $2.48B | +11.4% | +$254.01M | ||
| 2008 | $2.22B | +68.8% | +$906.15M | ||
| 2007 | $1.32B | +11.6% | +$136.80M | ||
| 2006 | $1.18B | +174.6% | +$750.68M | ||
| 2005 | $429.90M | -31.8% | −$200.77M | ||
| 2004 | $630.67M | -38.7% | −$398.86M | ||
| 2003 | $1.03B | +49.2% | +$339.54M | ||
| 2002 | $689.99M | -60.3% | −$1.05B | ||
| 2001 | $1.74B | +35.1% | +$451.82M | ||
| 2000 | $1.29B | +32.2% | +$313.17M | ||
| 1999 | $972.48M | +49.3% | +$321.03M | ||
| 1998 | $651.45M | -48.2% | −$607.15M | ||
| 1997 | $1.26B | +74.2% | +$536.20M | ||
| 1996 | $722.40M | +69.0% | +$294.90M | ||
| 1995 | $427.50M | +193.8% | +$282.00M | ||
| 1994 | $145.50M | +80.7% | +$65.00M | ||
| 1993 | $80.50M | -70.0% | −$187.70M | ||
| 1992 | $268.20M | -32.5% | −$129.40M | ||
| 1991 | $397.60M | — | — |
- 2025$5.23B+60.0%
- 2024$3.27B-16.1%
- 2023$3.90B+43.8%
- 2022$2.71B+21.5%
- 2021$2.23B+13.5%
- 2020$1.97B-35.0%
- 2019$3.02B-17.4%
- 2018$3.66B+548.8%
- 2017$564.14M-77.4%
- 2016$2.49B+54.6%
- 2015$1.61B-10.9%
- 2014$1.81B+137.2%
- 2013$763.78M-40.9%
- 2012$1.29B+10.0%
- 2011$1.17B-46.3%
- 2010$2.19B-11.7%
- 2009$2.48B+11.4%
- 2008$2.22B+68.8%
- 2007$1.32B+11.6%
- 2006$1.18B+174.6%
- 2005$429.90M-31.8%
- 2004$630.67M-38.7%
- 2003$1.03B+49.2%
- 2002$689.99M-60.3%
- 2001$1.74B+35.1%
- 2000$1.29B+32.2%
- 1999$972.48M+49.3%
- 1998$651.45M-48.2%
- 1997$1.26B+74.2%
- 1996$722.40M+69.0%
- 1995$427.50M+193.8%
- 1994$145.50M+80.7%
- 1993$80.50M-70.0%
- 1992$268.20M-32.5%
- 1991$397.60M—
CapEx values are taken from Royal Caribbean Cruises's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Royal Caribbean Cruises (RCL)
According to Royal Caribbean Cruises's latest reported financial statements, the company's current CapEx (TTM) is $5.30B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Royal Caribbean Cruises (RCL) reported CapEx of $5.23B – surged 60.0% year-over-year.
Over 2020–2025 (5 years), Royal Caribbean Cruises CapEx expanded at a +21.6% compound annual rate, with mixed annual results across the window.
2025 marks the peak CapEx at $5.23B, with the historical low of $80.50M recorded in 1993.
Royal Caribbean Cruises Capital Expenditures by Year
Royal Caribbean Cruises Capital Expenditures 2025: $5.23B
Royal Caribbean Cruises CapEx in 2025 was $5.23B, surged 60.0% from 2024. This figure represents the highest annual value in the available history.
Royal Caribbean Cruises Capital Expenditures 2024: $3.27B
2024's CapEx for Royal Caribbean Cruises came in at $3.27B, declined 16.1% below 2023.
Royal Caribbean Cruises Capital Expenditures 2023: $3.90B
Royal Caribbean Cruises posted CapEx of $3.90B in 2023, surged 43.8% from 2022.
Royal Caribbean Cruises Capital Expenditures 2022: $2.71B
In 2022, Royal Caribbean Cruises reported CapEx of $2.71B, grew 21.5% from 2021.
Royal Caribbean Cruises Capital Expenditures 2021: $2.23B
Royal Caribbean Cruises CapEx in 2021 was $2.23B.
See more financial history for Royal Caribbean Cruises (RCL).
Sector peers by CapEx
Consumer Cyclical peers of Royal Caribbean Cruises (RCL), ranked by their latest CapEx
| $131.82B | |
| $18.33B | |
| $8.53B | |
| $3.68B | |
| $3.37B | |
| $2.21B | |
| $1.96B | |
| $322.00M |
- $131.82B
- $18.33B
- $8.53B
- $3.68B
- $3.37B
- $2.21B
- $1.96B
- $322.00M
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