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
DateValue
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%