stockrowRoyal Caribbean Cruises Ltd.
RCL Consumer Cyclical Travel Services
Royal Caribbean Cruises Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $17.9 billion, up 8.80% from fiscal 2024.
- Revenue
- +8.80%
- EPS
- +11.6%
- Free cash flow
- +194.7%
- Total debt
- +10.2%
Quarter to September 2026, against a year earlier
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Royal Caribbean Cruises Ltd. (RCL) Net margin
Royal Caribbean Cruises Ltd.'s net margin over the twelve months to 30 September 2026 was 23.8%, down 0.0 percentage points from fiscal 2025 (23.8%). Over the past ten years it has ranged from −343.3% (fiscal 2021) to 23.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Travel Services industry median of 8.07% and above the Consumer Cyclical sector median of 2.12%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 23.8% | 6.35 |
| FY2024 | 17.5% | 5.24 |
| FY2023 | 12.2% | 36.60 |
| FY2022 | −24.4% | 318.95 |
| FY2021 | −343.3% | (80.87) |
| FY2020 | −262.5% | (279.63) |
| FY2019 | 17.2% | (1.92) |
| FY2018 | 19.1% | 0.57 |
| FY2017 | 18.5% | 3.40 |
| FY2016 | 15.1% | 7.09 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 30.9% | 7.57 |
| Jun 2026 | 23.3% | 2.20 |
| Mar 2026 | 21.1% | 3.46 |
| Dec 2025 | 17.7% | (12.97) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| TCOM Trip.com Group Limited Sponsored ADR compare | 36.4% |
| BKNG Booking Holdings Inc. compare | 25.5% |
| RCL Royal Caribbean Cruises Ltd. | 23.8% |
| ABNB Airbnb, Inc. compare | 23.0% |
| VIK Viking Holdings Ltd. compare | 19.3% |
| EXPE Expedia Group, Inc. compare | 13.0% |
| CCL Carnival Corporation compare | 11.4% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 8.20% |
| MMYT MakeMyTrip Limited compare | 3.91% |
| Travel Services industry median | 8.07% |
| Consumer Cyclical sector median | 2.12% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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