RCL
Royal Caribbean Cruises Ltd.
RCL has the edge over RIVN overall, supported by stronger fundamentals and lower modeled downside.
RIVN
Rivian Automotive, Inc.
RIVN's outlook is improving, though it still trails on the overall score.
RCL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Under pressure |
RCL's profitability is currently strong, and its revenue and cash flow are stable, but its balance sheet is under pressure.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
RCL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $276 | -14% |
| Forward | 16x | $322 | — |
| Fair | 19x | $327 | +1.6% |
| Current | 19x | $322 | — |
| Expensive | 25x | $427 | +33% |
Historical ranges are pointers, not guarantees.
RCL's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
RIVN PE Valuation
RIVN has no meaningful PE right now: it lost money over the past year.
RCL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RCL, with profitability improving.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RIVN's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
RCL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.91 | +18% |
| Q3 2026 | $16.89 | +12% |
| Q2 2026 | $16.18 | +19% |
| Q1 2026 | $16.39 | +33% |
| Q4 2025 | $15.61 | +43% |
| Q3 2025 | $15.12 | +54% |
| Q2 2025 | $13.59 | +47% |
| Q1 2025 | $12.29 | +57% |
| Q4 2024 | $10.94 | +73% |
RCL has the edge over RIVN on earnings quality, reporting a profit while its opponent remains loss making.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN is still losing money, but far less than before: $2.25 per share over the past year, against $7.40 at its worst in late 2022.
RCL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.6B | +8.8% |
| Q2 2026 | $4.8B | +6.5% |
| Q1 2026 | $4.5B | +11% |
| Q4 2025 | $4.3B | +13% |
| Q3 2025 | $5.1B | +5.2% |
| Q2 2025 | $4.5B | +10% |
| Q1 2025 | $4B | +7.3% |
| Q4 2024 | $3.8B | +13% |
RCL's revenue has grown year over year for 21 quarters in a row: $5.6B last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | +0.3 points |
| Q2 2026 | 27% | -2.2 points |
| Q1 2026 | 26% | +2.5 points |
| Q4 2025 | 22% | +5.3 points |
| Q3 2025 | 33% | -0.3 points |
| Q2 2025 | 29% | +2.6 points |
| Q1 2025 | 24% | +3.5 points |
| Q4 2024 | 17% | -0.5 points |
RCL has the edge over RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN's revenue is growing: $2.2B last quarter, up 38% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
RCL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $937M | +$1.9B |
| Q2 2026 | -$877M | -196% |
| Q1 2026 | $1.3B | +11% |
| Q4 2025 | $116M | -87% |
| Q3 2025 | -$989M | -276% |
| Q2 2025 | $910M | +$1.5B |
| Q1 2025 | $1.2B | +10% |
| Q4 2024 | $915M | +$2.4B |
RCL has the edge over RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M the year before.
RCL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -2.2% | -6M shares |
| 3 years | -4.9% | -13.9M shares |
| 5 years | +5.2% | +13.3M shares |
| Available history | +28% | +58.1M shares |
RCL has the edge over RIVN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $199M |
| Q1 2026 | $836M |
| Q4 2025 | $504M |
| Q3 2025 | $414M |
| Q2 2025 | — |
| Q1 2025 | $241M |
| Q3 2020 | — |
RCL spent $1.5B buying back its own shares over the past year.
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
RCL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.5x | Elevated |
RCL's net debt is about 3.0 years of its operating earnings (EBITDA), down from 3.2 years a year ago.
RIVN Net Leverage
RIVN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RCL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.2 | Neutral |
| Stochastic | 83.5 | Overbought |
RCL's weekly RSI is 60 (neutral) and its Stochastic is 84 (overbought).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
RCL PE vs Consumer Cyclical Sector
| Metric | RCL | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 5.8% above |
| PE % | 46 | 47 | 1 pt below |
RCL is trading at 19x earnings, in line with the Consumer Cyclical sector's median of 18x.
RIVN PE vs Consumer Cyclical Sector
RIVN has no meaningful PE right now: it lost money over the past year.
RCL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $289.2 | 11% above |
| 20 week MA | $288.1 | 12% above |
| 50 week MA | $287.5 | 12% above |
| 100 week MA | $279.3 | 15% above |
| 200 week MA | $201.8 | 60% above |
RCL has the edge over RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
RCL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $133.3 | $70.7 | -47% |
| 2021 | $70.7 | $79.5 | +13% |
| 2022 | $79.5 | $49.8 | -37% |
| 2023 | $49.8 | $129.5 | +160% |
| 2024 | $129.5 | $232.7 | +80% |
| 2025 | $232.7 | $285.7 | +23% |
| 2026 YTD | $285.7 | $322.0 | +13% |
RCL has the edge over RIVN on returns for 2026, with the stronger performance.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has finished lower in three of the last five years. It's down 39% so far in 2026.