KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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) Gross Margin (2016 - 2025)

Royal Caribbean Cruises' Gross Margin history spans 16 years, with the latest figure at 47.36% for Q4 2025.

  • For Q4 2025, Gross Margin rose 193.0% year-over-year to 47.36%; the TTM value through Dec 2025 reached 49.36%, up 184.0%, while the annual FY2025 figure was 49.36%, 184.0% up from the prior year.
  • Gross Margin for Q4 2025 was 47.36% at Royal Caribbean Cruises, down from 51.76% in the prior quarter.
  • Across five years, Gross Margin topped out at 136.51% in Q4 2021 and bottomed at 34.3% in Q3 2022.
  • The 5-year median for Gross Margin is 47.5% (2024), against an average of 52.21%.
  • The largest annual shift saw Gross Margin soared 1434bps in 2023 before it soared 70bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 136.51% in 2021, then tumbled by -75bps to 34.3% in 2022, then grew by 26bps to 43.26% in 2023, then increased by 5bps to 45.43% in 2024, then rose by 4bps to 47.36% in 2025.
  • Per Business Quant, the three most recent readings for RCL's Gross Margin are 47.36% (Q4 2025), 51.76% (Q3 2025), and 49.69% (Q2 2025).