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Royal Caribbean Group RCL Free cash flow margin

Free cash flow margin at other companies

Carnival Corporation logo
Carnival CorporationCCL
11.1%+3.3pp
Airbnb logo
AirbnbABNB
44.2%+2.8pp
Hyatt Hotels logo
Hyatt HotelsH
9.8%+2.0pp

Other financials

Income statement

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Revenue$4.5B+11.3%
Gross profit$2.2B+14.8%
Operating income$1.2B+23.0%
Net income$941.0M+28.9%
EPS (diluted)$3.48+28.9%

Balance sheet

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Cash & equivalents$512.0M+32.6%
Total debt$678.0M-19.9%
Total equity$9.8B+23.2%
Total assets$42.0B+12.1%

Cash flow

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Operating cash flow$1.8B+12.7%
CapEx$500.0M+16.8%
Free cash flow$1.3B+11.3%

Valuation

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Market cap$83.81B+34.6%
Enterprise value$83.98B+33.8%
P/E18.7×-0.5×
P/S4.6×+0.8×

Profitability

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Gross margin49.7%+1.5pp
Operating margin27.9%+2.2pp
Net margin24.4%+5.0pp

Returns & leverage

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Return on equity50.4%+0.9pp
Debt / equity0.1×0.0×
Current ratio0.2×0.0×

Where this comes from

Calculated from Royal Caribbean Group’s reported figures.

Based on trailing twelve months.

The official record: Royal Caribbean Group’s 10-Q, filed July 29, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Royal Caribbean Group's free cash flow margin?
Royal Caribbean Group (RCL) reported free cash flow margin of 20.9% in Q2 2025.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.