Royal Caribbean Cruises (RCL) Return on Capital Employed [ROCE] (2010 - 2026)
Royal Caribbean Cruises (RCL) recorded Return on Capital Employed [ROCE] of 16.12% in Q2 2026, down 0.41 percentage points from 16.53% a year earlier and down 0.56 percentage points from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Royal Caribbean Cruises reported Return on Capital Employed [ROCE] of 17.99%, up 2.37 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for five straight years, with a five-year change of +35.13 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 15.62% in FY2024 (+4.13 pp), 11.49% in FY2023 (+14.62 pp), -3.13% in FY2022 (+12.30 pp) and -15.43% in FY2021 (+1.70 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in seven of the last eight quarters, with an average year-over-year change of +2.18 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 20.17 percentage points in Q2 2023, against a drop of 2.30 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.68% (Q1 2026), 17.04% (Q4 2025) and 16.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 21.18% |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 16.12% |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 25.17% |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 21.91% |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 11.28% |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 6.12% |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | -49.45% |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 15.35% |
| 10 | Atour Lifestyle Holdings | 8.08 Bn | 4.77 Bn | 493.22 Mn | 55.42% |
Historic Data
Download Data
Historic 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% |
API Access
Royal Caribbean Cruises Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();