Royal Caribbean Cruises Ltd (RCL)

Operating 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
Operating income (ttm)	US$ in thousands	4,143,000	4,104,000	3,735,100	3,381,681	2,893,294	2,213,908	1,247,233	245,833	-884,988	-1,822,342	-3,126,587	-3,920,298	-3,870,321	-3,855,121	-3,845,415	-4,104,375	-4,601,554	-3,285,589	-1,398,683	457,460
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
Operating profit margin		25.13%	25.56%	24.37%	22.94%	20.82%	16.81%	10.39%	2.30%	-10.01%	-25.24%	-66.77%	-153.78%	-252.61%	-660.10%	-4,118.07%	-1,882.14%	-208.33%	-70.02%	-17.68%	4.34%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,143,000K ÷ $16,485,000K
= 25.13%

The operating profit margin of Royal Caribbean Cruises Ltd showed a volatile trend over the analyzed period. Starting at a positive 4.34% in March 2020, the margin decreased significantly to negative figures in the subsequent quarters, reaching its lowest point of -4118.07% in June 2021.

However, the company managed to gradually improve its operating profit margin from that point onwards. By the end of December 2024, the operating profit margin had recovered substantially to a healthy 25.13%.

This recovery in the operating profit margin indicates that Royal Caribbean Cruises Ltd made significant operational improvements and cost management efforts, resulting in a more profitable performance in the later periods of the analysis.