Royal Caribbean Cruises Financial Ratios
NYSE: RCLConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
Royal Caribbean Cruises ratio analysis
Royal Caribbean Cruises earned a net margin of 23.8% in FY 2025, up from 17.5% a year earlier. Gross margin was 49.4% compared with a median of 44.1% over the prior 9 years. Return on equity reached 42.5%, meaning Royal Caribbean Cruises generated 0.43 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 2.13 versus 2.65 the year before, and the current ratio was 0.18. At the end of FY 2025, RCL traded at 18.1 times earnings; across the 7 fiscal years shown, its year-end P/E ranged from 11.5 to 20.9, with a median of 15.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Royal Caribbean Cruises financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 18.15 | 20.93 | 20.52 | — | — | — | 14.92 | 11.54 | 15.84 | 13.83 |
| Price / sales | 4.28 | 3.62 | 2.38 | 1.43 | 12.65 | 7.25 | 2.55 | 2.19 | 2.92 | 2.08 |
| Price / book | 7.65 | 7.90 | 7.02 | 4.39 | 3.81 | 1.83 | 2.30 | 1.87 | 2.39 | 1.94 |
| Gross margin | 49.4% | 47.5% | 44.1% | 25.2% | -78.8% | -25.2% | 44.6% | 44.6% | 44.2% | 41.0% |
| Operating margin | 27.4% | 24.9% | 20.7% | -8.7% | -252.6% | -208.3% | 19.0% | 20.0% | 19.9% | 17.4% |
| Net margin | 23.8% | 17.5% | 12.2% | -24.4% | -343.3% | -262.5% | 17.2% | 19.1% | 18.5% | 15.1% |
| Free cash flow margin | 6.9% | 12.1% | 4.2% | -25.2% | -268.1% | -257.9% | 6.3% | -1.9% | 26.3% | 0.3% |
| Return on equity (ROE) | 42.5% | 38.0% | 35.9% | -75.1% | -103.4% | -66.2% | 15.4% | 16.3% | 15.2% | 14.1% |
| Return on assets (ROA) | 10.3% | 7.8% | 4.8% | -6.4% | -16.3% | -17.9% | 6.2% | 6.5% | 7.3% | 5.8% |
| Debt / equity | 2.13 | 2.65 | 4.54 | 8.15 | 4.15 | 2.21 | 0.91 | 0.97 | 0.70 | 1.03 |
| Current ratio | 0.18 | 0.17 | 0.19 | 0.37 | 0.49 | 0.95 | 0.15 | 0.17 | 0.19 | 0.17 |
| Revenue growth | 8.8% | 18.6% | 57.2% | 477.0% | -30.6% | -79.8% | 15.3% | 8.2% | 3.3% | 2.4% |
| EPS growth | 42.7% | 73.4% | — | — | — | -402.2% | 4.6% | 13.7% | 27.0% | 96.4% |