Royal Caribbean Cruises Ltd (RCL)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	2,878,000	2,602,073	2,500,153	2,104,914	1,018,094	266,605	-719,693	-1,689,093	-2,160,643	-3,043,197	-4,490,529	-5,327,150	-5,260,500	-5,270,460	-5,192,670	-5,484,700	-5,797,460	-4,157,394	-1,927,394	184,726
Revenue (ttm)	US$ in thousands	16,485,000	16,055,000	15,329,450	14,742,430	13,899,580	13,172,570	12,005,200	10,666,460	8,840,540	7,218,797	4,682,675	2,549,349	1,532,133	584,025	93,379	218,070	2,208,806	4,692,077	7,912,615	10,543,640
Net profit margin		17.46%	16.21%	16.31%	14.28%	7.32%	2.02%	-5.99%	-15.84%	-24.44%	-42.16%	-95.90%	-208.96%	-343.34%	-902.44%	-5,560.85%	-2,515.11%	-262.47%	-88.60%	-24.36%	1.75%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,878,000K ÷ $16,485,000K
= 17.46%

The net profit margin of Royal Caribbean Cruises Ltd experienced significant fluctuations over the analyzed period, ranging from negative percentages to positive percentages. The margin hit its lowest point in the first quarter of 2021, plummeting to -2,515.11%, which indicates a drastic loss compared to the revenue generated during that period.

However, the company managed to gradually improve its net profit margin starting from the second quarter of 2023, entering positive territory in the third quarter of 2023 with a margin of 2.02%. This positive trend continued through the following quarters, reaching 17.46% by the end of December 2024.

The increase in the net profit margin signifies that Royal Caribbean Cruises Ltd was able to control its costs more effectively, increase its revenue, or a combination of both, leading to a healthier bottom line. This improvement suggests better operational efficiency and profitability for the company during the latter part of the analyzed period.