Royal Caribbean Cruises (RCL) Return on Capital Employed (2010 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Return on Capital Employed came in at 16.68% in Q1 2026, up 72.0% year-on-year from 9.7% in Q1 2025, and down 2.14% quarter-over-quarter from 17.04% in Q4 2025.
Royal Caribbean Cruises (RCL) Return on Capital Employed (2010 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Return on Capital Employed across 17 years of filings, most recently posting 16.68% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 16.68%, up 72.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.68% (up 72.0% YoY), and the FY2025 annual result was 17.99%, up 237.0% from the prior year.
- Return on Capital Employed came in at 16.68% for Q1 2026 at Royal Caribbean Cruises, down from 17.04% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 17.04% in Q4 2025 to a low of 15.94% in Q1 2022.
- The 5-year median for Return on Capital Employed is 13.29% (2024), against an average of 7.53%.
- Across the five-year window, Return on Capital Employed plunged 230 bps in 2022 and soared 2017 bps in 2023, its largest moves.
- Royal Caribbean Cruises' Return on Capital Employed stood at 3.06% in 2022, then jumped by 483 bps to 11.72% in 2023, then rose by 29 bps to 15.07% in 2024, then climbed by 13 bps to 17.04% in 2025, then slipped by 2 bps to 16.68% in 2026.
- The last three Return on Capital Employed figures came in at 16.68% (Q1 2026), 17.04% (Q4 2025), and 16.51% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 104.07% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 31.79% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 16.68% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.60% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 35.97% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 0.57% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 2.23% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 8.24% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 10.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.68% |
| Dec 31, 2025 | 17.04% |
| Sep 30, 2025 | 16.51% |
| Jun 30, 2025 | 16.53% |
| Mar 31, 2025 | 15.96% |
| Dec 31, 2024 | 15.07% |
| Sep 30, 2024 | 14.80% |
| Jun 30, 2024 | 14.07% |
| Mar 31, 2024 | 13.29% |
| Dec 31, 2023 | 11.72% |
| Sep 30, 2023 | 9.83% |
| Jun 30, 2023 | 5.83% |
| Mar 31, 2023 | 1.53% |
| Dec 31, 2022 | -3.06% |
| Sep 30, 2022 | -7.57% |
| Jun 30, 2022 | -14.34% |
| Mar 31, 2022 | -15.94% |
| Dec 31, 2021 | -15.37% |
| Sep 30, 2021 | -13.80% |
| Jun 30, 2021 | -13.11% |