Royal Caribbean Cruises (RCL) Return on Capital Employed (2010 - 2026)
Royal Caribbean Cruises (RCL) posted Return on Capital Employed of 16.12% for Q2 2026, down 3.33% sequentially from 16.68% in Q1 2026, and down 41.0% YoY from 27.32% in Q2 2025.
Royal Caribbean Cruises (RCL) Return on Capital Employed (2010 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Return on Capital Employed for 17 years, with the latest figure at 16.12% in Q2 2026.
- Quarterly Return on Capital Employed fell 41.0% year-over-year to 16.12% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 16.12% (down 41.0% YoY) and the FY2025 annual result came in at 17.99%, up 237.0% from the prior year.
- Return on Capital Employed fell to 16.12% in Q2 2026 per RCL's latest filing, from 16.68% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 17.04% in Q4 2025 and troughed at 15.94% in Q1 2022.
- A 5-year average of 8.0% and a median of 13.68% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed plunged 230 bps in 2022, then surged 2017 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 3.06% in 2022, then soared by 483 bps to 11.72% in 2023, then advanced by 29 bps to 15.07% in 2024, then increased by 13 bps to 17.04% in 2025, then fell by 5 bps to 16.12% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 16.12%, 16.68%, and 17.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.46 Bn | 141.25 Bn | 4.98 Bn | 121.68% |
| 2 | Airbnb | 106.78 Bn | 94.71 Bn | 2.98 Bn | 28.23% |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | 16.12% |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | 24.37% |
| 5 | Expedia | 38.98 Bn | 31.85 Bn | 3.91 Bn | 33.85% |
| 6 | Carnival | 38.25 Bn | 36.01 Bn | - | 11.61% |
| 7 | Trip.com | 29.13 Bn | 17.43 Bn | 1.86 Bn | 8.69% |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 8.72% |
| 9 | MakeMyTrip | 5.84 Bn | 5.06 Bn | 212.91 Mn | 11.21% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 1.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.12% |
| 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% |