Last 48 quarters of trend data · Consumer Cyclical · Online Travel & Cruises
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.27 | 10.30 | 18.90 | 19.77 | 25.26 | 14.09 | 17.75 | 19.02 | 28.84 | 10.53 | 12.82 | 25.74 | 30.54 | 6.31 | 15.26 | — | — | 72.88 | — | — | — |
| — | -26.9% | +6.5% | +3.9% | -12.4% | +33.8% | +38.5% | -26.1% | -5.6% | +66.9% | -16.0% | — | — | -91.3% | — | — | — | — | — | — | — | |
| P/S Ratio | 4.59 | 3.19 | 4.44 | 4.19 | 4.47 | 4.31 | 4.74 | 3.54 | 4.25 | 2.40 | 2.73 | 2.62 | 2.72 | 1.56 | 2.08 | 1.44 | 1.21 | 0.81 | 1.02 | 5.04 | 4.99 |
| — | -26.1% | -6.5% | +18.1% | +5.2% | +80.0% | +74.1% | +35.3% | +56.1% | +53.4% | +31.3% | +81.6% | +124.7% | +93.2% | +103.8% | -71.4% | -75.7% | -93.5% | -99.0% | -95.9% | -95.9% | |
| P/B Ratio | 8.72 | 5.98 | 8.20 | 7.44 | 7.43 | 8.62 | 9.20 | 6.96 | 8.26 | 6.48 | 7.25 | 7.34 | 7.40 | 5.65 | 8.26 | 5.50 | 4.40 | 3.02 | 2.62 | 5.35 | 3.85 |
| — | -30.6% | -10.9% | +6.8% | -10.0% | +33.0% | +27.0% | -5.1% | +11.6% | +14.7% | -12.3% | +33.3% | +68.3% | +87.2% | +215.4% | +2.8% | +14.1% | -13.8% | -4.9% | +136.0% | +101.2% | |
| P/FCF | 58.11 | 19.01 | — | 13.98 | 164.11 | — | 23.66 | 11.82 | 17.46 | 20.79 | — | 8.99 | — | 17.18 | 12.27 | 3.93 | 7.70 | — | — | — | — |
| — | — | — | +18.2% | +839.9% | — | — | +31.5% | — | +21.0% | — | +128.5% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.34 | 9.91 | 15.30 | 14.76 | 17.67 | 12.77 | 15.05 | 14.08 | 20.39 | 8.31 | 11.09 | 13.15 | 15.43 | 7.04 | 10.94 | 14.82 | 23.05 | 12.26 | 57.65 | — | — |
| — | -22.4% | +1.6% | +4.9% | -13.3% | +53.6% | +35.7% | +7.1% | +32.1% | +18.0% | +1.3% | -11.3% | -33.0% | -42.6% | -81.0% | — | — | — | — | — | — | |
| EV / EBIT | 22.32 | 11.39 | 19.55 | 19.11 | 23.46 | 14.98 | 18.21 | 19.38 | 25.52 | 9.89 | 14.31 | 18.98 | 23.14 | 8.50 | 15.14 | 30.03 | — | 20.81 | — | — | — |
| — | -23.9% | +7.3% | -1.4% | -8.1% | +51.4% | +27.2% | +2.1% | +10.3% | +16.3% | -5.5% | -36.8% | — | -59.1% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.8% | 51.5% | 47.3% | 49.5% | 36.7% | 51.8% | 49.7% | 48.0% | 45.4% | 51.1% | 47.6% | 44.8% | 43.3% | 48.6% | 44.5% | 37.9% | 31.5% | 34.3% | 23.1% | -11.9% | -15.6% |
| — | -0.5% | -4.8% | +3.1% | -19.2% | +1.4% | +4.3% | +7.1% | +5.0% | +5.0% | +7.0% | +18.4% | +37.1% | +41.8% | +92.8% | +419.1% | +302.2% | +143.9% | +103.1% | +97.9% | +97.7% | |
| Operating Margin | 27.4% | 33.5% | 27.0% | 26.1% | 21.9% | 33.1% | 29.3% | 23.6% | 16.6% | 33.4% | 26.7% | 20.1% | 17.1% | 30.4% | 21.9% | 9.4% | 0.6% | 10.0% | -10.0% | -81.1% | -105.0% |
| — | +1.0% | -7.6% | +10.5% | +32.0% | -1.0% | +9.5% | +17.5% | -3.0% | +10.0% | +22.2% | +113.5% | +2781.9% | +205.0% | +318.6% | +111.6% | +100.6% | +104.5% | +99.5% | +95.8% | +96.5% | |
| Net Margin | 23.8% | 30.9% | 23.3% | 21.1% | 17.7% | 30.7% | 26.7% | 18.3% | 14.7% | 22.7% | 20.8% | 9.7% | 8.3% | 24.3% | 13.0% | -1.7% | -19.2% | 1.1% | -23.9% | -110.2% | -138.1% |
| — | +0.6% | -12.4% | +15.8% | +20.6% | +35.1% | +28.3% | +89.0% | +76.5% | -6.3% | +59.5% | +680.6% | +143.3% | +2102.0% | +154.6% | +98.5% | +86.1% | +100.4% | +99.1% | +95.9% | +96.5% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 47.5% | 15.4% | 11.0% | 9.3% | 7.3% | 16.1% | 13.8% | 9.2% | 7.4% | 16.6% | 14.8% | 7.0% | 5.8% | 24.8% | 14.0% | -1.6% | -16.5% | 1.0% | -14.1% | -25.7% | -23.5% |
| — | -3.9% | -20.4% | +1.0% | -0.5% | -3.0% | -6.8% | +30.6% | +26.5% | -33.2% | +6.2% | +532.4% | +135.4% | +2383.7% | +199.0% | +93.7% | +29.9% | +105.0% | +10.6% | -103.8% | -46.8% | |
| ROA | 10.9% | 3.9% | 2.6% | 2.3% | 1.8% | 4.0% | 3.2% | 2.0% | 1.5% | 3.0% | 2.4% | 1.0% | 0.8% | 3.1% | 1.4% | -0.1% | -1.5% | 0.1% | -1.6% | -3.6% | -4.2% |
| — | -3.8% | -18.2% | +14.9% | +23.9% | +33.8% | +34.5% | +91.3% | +82.5% | -2.3% | +69.6% | +811.0% | +154.9% | +3041.0% | +189.5% | +96.0% | +64.4% | +102.3% | +60.6% | -5.7% | +1.7% | |
| ROIC | 12.2% | 4.2% | 3.0% | 2.8% | 2.2% | 4.3% | 3.5% | 2.5% | 1.7% | 4.4% | 3.1% | 2.1% | 1.7% | 3.9% | 2.4% | 0.8% | 0.0% | 0.9% | -0.7% | -2.6% | -3.2% |
| — | -3.4% | -14.1% | +8.8% | +34.4% | -1.6% | +15.3% | +18.3% | -1.0% | +11.8% | +26.7% | +155.7% | +3543.8% | +344.3% | +471.7% | +131.9% | +101.4% | +129.2% | +78.3% | -9.5% | -4.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.21 | 1.94 | 2.25 | 2.17 | 2.21 | 2.04 | 2.11 | 2.47 | 2.69 | 2.98 | 3.52 | 3.98 | 4.52 | 4.47 | 5.94 | 7.29 | 8.36 | 7.47 | 7.02 | 5.79 | 4.27 |
| — | -4.6% | +6.6% | -12.1% | -17.9% | -31.7% | -40.1% | -37.9% | -40.4% | -33.3% | -40.7% | -45.4% | -46.0% | -40.1% | -15.4% | +25.8% | +96.1% | +125.2% | +155.3% | +146.1% | +86.9% | |
| Debt / EBITDA | 3.42 | 9.81 | 13.28 | 13.43 | 16.33 | 9.81 | 11.30 | 14.83 | 20.14 | 10.55 | 14.59 | 18.63 | 23.60 | 12.61 | 18.57 | 34.89 | 63.81 | 36.64 | 179.43 | — | — |
| — | +0.0% | +17.5% | -9.4% | -18.9% | -7.0% | -22.5% | -20.4% | -14.7% | -16.4% | -21.4% | -46.6% | -63.0% | -65.6% | -89.7% | — | — | — | — | — | — | |
| Current Ratio | 0.18 | 0.22 | 0.21 | 0.20 | 0.18 | 0.16 | 0.23 | 0.18 | 0.17 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 | 0.26 | 0.37 | 0.29 | 0.30 | 0.40 | 0.49 |
| — | +31.8% | -9.9% | +12.2% | +5.6% | -13.5% | +21.6% | -6.0% | -8.9% | -1.3% | -6.4% | -26.1% | -49.0% | -33.5% | -33.0% | -35.6% | -24.3% | -63.6% | -71.6% | -76.7% | -48.0% | |
| Quick Ratio | 0.16 | 0.19 | 0.19 | 0.17 | 0.16 | 0.14 | 0.21 | 0.15 | 0.15 | 0.16 | 0.17 | 0.16 | 0.16 | 0.17 | 0.18 | 0.23 | 0.35 | 0.27 | 0.28 | 0.37 | 0.47 |
| — | +34.8% | -10.8% | +14.5% | +10.1% | -13.2% | +25.4% | -7.5% | -10.7% | -2.4% | -8.4% | -29.0% | -52.8% | -37.3% | -36.2% | -38.0% | -26.6% | -65.4% | -72.7% | -77.6% | -48.8% | |
| Interest Coverage | 5.34 | 7.05 | 5.87 | 4.51 | 3.91 | 7.35 | 6.33 | 3.96 | 3.11 | 2.85 | 3.88 | 1.86 | 1.81 | 3.97 | 2.30 | 0.87 | -0.16 | 1.09 | -0.72 | -3.20 | -3.78 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying RCL stock.
Royal Caribbean Cruises Ltd.'s current P/E is 19.3x. The average P/E over the last 4 quarters is 18.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Royal Caribbean Cruises Ltd.'s current operating margin is 27.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Royal Caribbean Cruises Ltd.'s business trajectory between earnings reports.