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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Royal Caribbean Cruises (RCL) EBITDA Margin (2016 - 2025)

Royal Caribbean Cruises' EBITDA Margin history spans 16 years, with the latest figure at 16.46% for Q4 2025.

  • For Q4 2025, EBITDA Margin rose 306.0% year-over-year to 16.46%; the TTM value through Dec 2025 reached 25.03%, up 832.0%, while the annual FY2025 figure was 25.03%, 835.0% up from the prior year.
  • EBITDA Margin for Q4 2025 was 16.46% at Royal Caribbean Cruises, down from 30.47% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 83.44% in Q4 2022 and bottomed at 6.96% in Q3 2022.
  • The 5-year median for EBITDA Margin is 19.88% (2024), against an average of 24.33%.
  • The largest YoY upside for EBITDA Margin was 3207bps in 2023 against a maximum downside of -7590bps in 2023.
  • A 5-year view of EBITDA Margin shows it stood at 81.92% in 2021, then grew by 2bps to 83.44% in 2022, then crashed by -91bps to 7.54% in 2023, then skyrocketed by 78bps to 13.4% in 2024, then rose by 23bps to 16.46% in 2025.
  • Per Business Quant, the three most recent readings for RCL's EBITDA Margin are 16.46% (Q4 2025), 30.47% (Q3 2025), and 30.52% (Q2 2025).