Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026)
Royal Caribbean Cruises (RCL) reported FCF Margin of 29.96% for Q1 2026, down 2.0% on a YoY basis from 30.58% in Q1 2025, and up 136.22% sequentially from 82.72% in Q4 2025.
Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises (RCL) has 18 years of FCF Margin data on file, last reported at 29.96% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 2.0% year-over-year to 29.96%; the trailing twelve-month figure through Mar 2026 stood at 7.46% (down 514.0% YoY), and the FY2025 full-year result was 6.89%, down 522.0% from the prior year.
- FCF Margin rose to 29.96% in Q1 2026, from 82.72% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 82.8% in Q2 2022 to a low of 178.61% in Q1 2022.
- A 5-year average of 2.91% and a median of 29.13% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 181135 bps in 2022 and plunged 7924 bps in 2024, its largest moves.
- Tracing RCL's FCF Margin over 5 years: stood at 15.71% in 2022, then soared by 108 bps to 32.72% in 2023, then slumped by 242 bps to 46.52% in 2024, then sank by 78 bps to 82.72% in 2025, then surged by 136 bps to 29.96% in 2026.
- Business Quant data shows RCL's FCF Margin at 29.96% in Q1 2026, 82.72% in Q4 2025, and 51.57% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 56.18% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 29.96% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 63.78% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -7.15% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 57.75% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 26.34% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 109.37% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -26.82% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 18.57% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.96% |
| Dec 31, 2025 | -82.72% |
| Sep 30, 2025 | 51.57% |
| Jun 30, 2025 | 20.05% |
| Mar 31, 2025 | 29.98% |
| Dec 31, 2024 | -46.52% |
| Sep 30, 2024 | 66.05% |
| Jun 30, 2024 | -13.80% |
| Mar 31, 2024 | 29.13% |
| Dec 31, 2023 | 32.72% |
| Sep 30, 2023 | 15.70% |
| Jun 30, 2023 | 46.15% |
| Mar 31, 2023 | 36.66% |
| Dec 31, 2022 | 15.71% |
| Sep 30, 2022 | -85.35% |
| Jun 30, 2022 | 82.80% |
| Mar 31, 2022 | -178.61% |
| Dec 31, 2021 | -245.62% |
| Sep 30, 2021 | -85.99% |
| Jun 30, 2021 | -916.64% |