Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026)
Royal Caribbean Cruises' FCF Margin came in at 16.76% for Q3 2026, up 36.00 percentage points from -19.24% a year earlier and up 34.91 percentage points from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Royal Caribbean Cruises reported FCF Margin of 7.89%, down 3.78 percentage points year-over-year; for FY2025, it came in at 6.89%, down 5.22 percentage points from FY2024.
- FCF Margin carries a five-year change of +264.80 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 12.11% in FY2024 (+7.94 pp), 4.17% in FY2023 (+29.39 pp), -25.21% in FY2022 (+242.93 pp) and -268.15% in FY2021 (-10.23 pp).
- The five-year range for quarterly FCF Margin is -178.61% (Q1 2022) to 36.66% (Q1 2023).
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +6.00 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q1 2022 (a gain of 4274.36 percentage points), and the weakest in Q4 2023 (a drop of 59.30 percentage points).
- Business Quant data shows RCL's FCF Margin at -18.15% (Q2 2026), 29.96% (Q1 2026) and 2.72% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 18.62% |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 16.76% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 20.72% |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 8.44% |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | -64.30% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -9.01% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 50.29% |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | -19.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.76% |
| 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% |
API Access
Royal Caribbean Cruises FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();