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Royal Caribbean Cruises vs Teekay Tankers: revenue, profit, margins and growth compared

Royal Caribbean Cruises brought in $17.9B of revenue in fiscal 2025, Teekay Tankers $951.8M in fiscal 2025. Revenue changed by +8.8% at Royal Caribbean Cruises and -22.6% at Teekay Tankers on the year before, so Royal Caribbean Cruises grew faster. Royal Caribbean Cruises kept 23.8% of its revenue as net profit, Teekay Tankers 36.9%. Free cash flow was $1.2B at Royal Caribbean Cruises and $115.6M at Teekay Tankers.

Side by side, latest fiscal year

RCLTNK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$17.9B$951.8M
Revenue growth+8.8%-22.6%
Net income$4.3B$351.2M
Net margin23.8%36.9%
Free cash flow$1.2B$115.6M
Free cash flow margin6.9%12.1%
Earnings per share (diluted)$15.61$10.10
Cash$825M$830.6M
Debt$21.3Bn/a
Price to earnings15.6n/a
Market value$64.9B$3.3B
Dividend yield1.44%n/a
Rank by revenue in sector#67 of 778 · Consumer discretionary#471 of 778 · Consumer discretionary

Over the years

Revenue
RCL FY2018: $9.5BRCL FY2019: $11BRCL FY2020: $2.2BRCL FY2021: $1.5BRCL FY2022: $8.8BRCL FY2023: $13.9BRCL FY2024: $16.5BRCL FY2025: $17.9BTNK FY2018: $776.5MTNK FY2019: $943.9MTNK FY2020: $886.4MTNK FY2021: $542.4MTNK FY2022: $1.2BTNK FY2023: $1.5BTNK FY2024: $1.2BTNK FY2025: $951.8MFY18FY19FY20FY21FY22FY23FY24FY25
RCL $17.9BTNK $951.8M
Net income
RCL FY2018: $1.8BRCL FY2019: $1.9BRCL FY2020: -$5.8BRCL FY2021: -$5.3BRCL FY2022: -$2.2BRCL FY2023: $1.7BRCL FY2024: $2.9BRCL FY2025: $4.3BTNK FY2018: -$52.5MTNK FY2019: $41.4MTNK FY2020: $87.3MTNK FY2021: -$242.4MTNK FY2022: $235.4MTNK FY2023: $519.9MTNK FY2024: $403.7MTNK FY2025: $351.2MFY18FY19FY20FY21FY22FY23FY24FY25
RCL $4.3BTNK $351.2M
Net margin
RCL FY2018: 19.1%RCL FY2019: 17.2%RCL FY2020: -262.5%RCL FY2021: -343.3%RCL FY2022: -24.4%RCL FY2023: 12.2%RCL FY2024: 17.5%RCL FY2025: 23.8%TNK FY2018: -6.8%TNK FY2019: 4.4%TNK FY2020: 9.9%TNK FY2021: -44.7%TNK FY2022: 20.0%TNK FY2023: 35.3%TNK FY2024: 32.8%TNK FY2025: 36.9%FY18FY19FY20FY21FY22FY23FY24FY25
RCL 23.8%TNK 36.9%
Revenue growth
RCL FY2019: +15.3%RCL FY2020: -79.8%RCL FY2021: -30.6%RCL FY2022: +477.0%RCL FY2023: +57.2%RCL FY2024: +18.6%RCL FY2025: +8.8%TNK FY2019: +21.6%TNK FY2020: -6.1%TNK FY2021: -38.8%TNK FY2022: +117.2%TNK FY2023: +25.1%TNK FY2024: -16.6%TNK FY2025: -22.6%FY19FY20FY21FY22FY23FY24FY25
RCL +8.8%TNK -22.6%
Free cash flow
RCL FY2018: -$180.9MRCL FY2019: $691.7MRCL FY2020: -$5.7BRCL FY2021: -$4.1BRCL FY2022: -$2.2BRCL FY2023: $580MRCL FY2024: $2BRCL FY2025: $1.2BTNK FY2018: -$13.1MTNK FY2019: $106MTNK FY2020: $331.9MTNK FY2021: -$128.8MTNK FY2022: $199.7MTNK FY2023: $631.2MTNK FY2024: $401.4MTNK FY2025: $115.6MFY18FY19FY20FY21FY22FY23FY24FY25
RCL $1.2BTNK $115.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Royal Caribbean Cruises and Teekay Tankers

Which is bigger by revenue, Royal Caribbean Cruises or Teekay Tankers?

Royal Caribbean Cruises is bigger by revenue: $17.9B in fiscal 2025, against $951.8M for Teekay Tankers in fiscal 2025.

Which keeps more of its revenue as profit, Royal Caribbean Cruises or Teekay Tankers?

Royal Caribbean Cruises had a net margin of 23.8% in fiscal 2025; Teekay Tankers had 36.9% in fiscal 2025.

Which grew revenue faster, Royal Caribbean Cruises or Teekay Tankers?

In their latest fiscal years revenue changed by +8.8% at Royal Caribbean Cruises and -22.6% at Teekay Tankers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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