Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly FCF Margin came in at 18.15% in Q2 2026, down 3820.0% year-over-year from 0.49% in Q2 2025, and down 160.57% quarter-over-quarter from 29.96% in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed FCF Margin across 18 years of filings, most recently posting 18.15% for Q2 2026.
- In Q2 2026, FCF Margin fell 3820.0% year-over-year to 18.15%; the TTM figure through Jun 2026 stood at 2.23% (down 2310.0% YoY), while the FY2025 annual figure was 6.89%, down 522.0% from the prior year.
- FCF Margin came in at 18.15% for Q2 2026 at Royal Caribbean Cruises, down from 29.96% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 36.66% in Q1 2023 to a low of 178.61% in Q1 2022.
- Average FCF Margin over 5 years is 4.34%, with a median of 10.3% recorded in 2023.
- Year-over-year, FCF Margin soared 427436 bps in 2022 and sank 5930 bps in 2023.
- Over 5 years, FCF Margin stood at 15.71% in 2022, then sank by 377 bps to 43.59% in 2023, then soared by 156 bps to 24.34% in 2024, then sank by 89 bps to 2.72% in 2025, then tumbled by 766 bps to 18.15% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 18.15% in Q2 2026, 29.96% in Q1 2026, and 2.72% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | -18.15% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 51.36% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 26.34% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 5.49% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 25.62% |
Historic Data
Download Data
Historic 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% |