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Royal Caribbean Cruises Ltd. (RCL), headquartered in Miami, Florida, is a cruise company. Valued at $41.54 billion by market cap, the company has a fleet of 65 ships traveling to more than 1,000 destinations worldwide. It owns and operates three cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It is a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and RCL perfectly fits that description, signifying its substantial size, stability, and dominance in its industry.