Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026)
Royal Caribbean Cruises (RCL) posted FCF Margin of 18.15% for Q2 2026, down 160.57% sequentially from 29.96% in Q1 2026, and down 3820.0% YoY from 0.49% in Q2 2025.
Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported FCF Margin for 18 years, with the latest figure at 18.15% in Q2 2026.
- Quarterly FCF Margin fell 3820.0% year-over-year to 18.15% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 2.23% (down 2310.0% YoY) and the FY2025 annual result came in at 6.89%, down 522.0% from the prior year.
- FCF Margin slipped to 18.15% in Q2 2026 per RCL's latest filing, from 29.96% in the prior quarter.
- Over five years, FCF Margin peaked at 36.66% in Q1 2023 and troughed at 178.61% in Q1 2022.
- A 5-year average of 4.34% and a median of 10.3% in 2023 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin jumped 427436 bps in 2022, then slumped 5930 bps in 2023.
- Over 5 years, FCF Margin stood at 15.71% in 2022, then tumbled by 377 bps to 43.59% in 2023, then surged by 156 bps to 24.34% in 2024, then tumbled by 89 bps to 2.72% in 2025, then sank by 766 bps to 18.15% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 18.15%, 29.96%, and 2.72% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 49.55% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 35.20% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | -18.15% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 57.75% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 26.34% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 29.64% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 5.49% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 9.35% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 11.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -18.15% |
| Mar 31, 2026 | 29.96% |
| Dec 31, 2025 | 2.72% |
| Sep 30, 2025 | -19.24% |
| Jun 30, 2025 | 20.05% |
| Mar 31, 2025 | 29.98% |
| Dec 31, 2024 | 24.34% |
| Sep 30, 2024 | 11.52% |
| Jun 30, 2024 | -13.80% |
| Mar 31, 2024 | 29.13% |
| Dec 31, 2023 | -43.59% |
| Sep 30, 2023 | 9.09% |
| Jun 30, 2023 | 16.92% |
| Mar 31, 2023 | 36.66% |
| Dec 31, 2022 | 15.71% |
| Sep 30, 2022 | -9.02% |
| Jun 30, 2022 | -21.79% |
| Mar 31, 2022 | -178.61% |
| Dec 31, 2021 | -79.52% |
| Sep 30, 2021 | -168.79% |