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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) Net Margin (2016 - 2025)

Royal Caribbean Cruises' Net Margin history spans 16 years, with the latest figure at 15.8% for Q4 2025.

  • For Q4 2025, Net Margin rose 623.0% year-over-year to 15.8%; the TTM value through Dec 2025 reached 21.98%, up 663.0%, while the annual FY2025 figure was 23.93%, 636.0% up from the prior year.
  • Net Margin for Q4 2025 was 15.8% at Royal Caribbean Cruises, down from 28.37% in the prior quarter.
  • Across five years, Net Margin topped out at 95.81% in Q4 2022 and bottomed at 2.51% in Q1 2023.
  • The 5-year median for Net Margin is 17.45% (2025), against an average of 24.31%.
  • The largest YoY upside for Net Margin was 2380bps in 2023 against a maximum downside of -8902bps in 2023.
  • A 5-year view of Net Margin shows it stood at 86.03% in 2021, then rose by 11bps to 95.81% in 2022, then plummeted by -93bps to 6.78% in 2023, then surged by 41bps to 9.57% in 2024, then surged by 65bps to 15.8% in 2025.
  • Per Business Quant, the three most recent readings for RCL's Net Margin are 15.8% (Q4 2025), 28.37% (Q3 2025), and 24.53% (Q2 2025).