Royal Caribbean Cruises (RCL) Invested Capital (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Invested Capital came in at $33.3 billion in Q2 2026, up 17.21% year-over-year from $28.4 billion in Q2 2025, and up 6.93% quarter-over-quarter from $31.2 billion in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) Invested Capital (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Invested Capital across 18 years of filings, most recently posting $33.3 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 17.21% year-over-year to $33.3 billion; the TTM figure through Jun 2026 stood at $33.3 billion (up 17.21% YoY), while the FY2025 annual figure was $31.7 billion, up 13.46% from the prior year.
- Invested Capital came in at $33.3 billion for Q2 2026 at Royal Caribbean Cruises, up from $31.2 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $33.3 billion in Q2 2026 to a low of $23.9 billion in Q2 2023.
- Average Invested Capital over 5 years is $27.6 billion, with a median of $27.0 billion recorded in 2022.
- Year-over-year, Invested Capital decreased 12.01% in 2022 and gained 17.21% in 2026.
- Over 5 years, Invested Capital stood at $26.4 billion in 2022, then retreated by 0.02% to $26.4 billion in 2023, then grew by 5.74% to $27.9 billion in 2024, then increased by 13.46% to $31.7 billion in 2025, then rose by 5.23% to $33.3 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $33.3 billion in Q2 2026, $31.2 billion in Q1 2026, and $31.7 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 33.31 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 7.60 Bn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 40.03 Bn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 17.61 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 468.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.31 Bn |
| Mar 31, 2026 | 31.15 Bn |
| Dec 31, 2025 | 31.66 Bn |
| Sep 30, 2025 | 30.60 Bn |
| Jun 30, 2025 | 28.42 Bn |
| Mar 31, 2025 | 27.57 Bn |
| Dec 31, 2024 | 27.90 Bn |
| Sep 30, 2024 | 28.11 Bn |
| Jun 30, 2024 | 27.32 Bn |
| Mar 31, 2024 | 25.89 Bn |
| Dec 31, 2023 | 26.39 Bn |
| Sep 30, 2023 | 24.57 Bn |
| Jun 30, 2023 | 23.94 Bn |
| Mar 31, 2023 | 24.49 Bn |
| Dec 31, 2022 | 26.39 Bn |
| Sep 30, 2022 | 26.53 Bn |
| Jun 30, 2022 | 26.61 Bn |
| Mar 31, 2022 | 26.49 Bn |
| Dec 31, 2021 | 26.30 Bn |
| Sep 30, 2021 | 27.31 Bn |