Royal Caribbean Cruises Ltd (RCL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,832,000 | 6,125,000 | 2,226,200 | -1,125,380 | -556,303 |
| Revenue | US$ in thousands | 16,484,000 | 13,900,000 | 8,840,540 | 1,532,130 | 2,208,800 |
| Gross profit margin | 47.51% | 44.06% | 25.18% | -73.45% | -25.19% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,832,000K ÷ $16,484,000K
= 47.51%
The gross profit margin of Royal Caribbean Cruises Ltd has shown significant fluctuations over the analyzed period. Starting at a negative 25.19% in December 2020, the company's gross profit margin deteriorated further to a negative 73.45% by the end of 2021. However, a reversal occurred in 2022, where the gross profit margin improved to a positive 25.18%, indicating a positive trend. This positive momentum continued into 2023 and 2024, with the gross profit margin reaching 44.06% and 47.51%, respectively. Overall, the company experienced a challenging period in the initial years but managed to successfully reverse the negative trend and improve its profitability in subsequent years.
Peer comparison
Dec 31, 2024