Royal Caribbean Cruises Ltd (RCL)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,296,000 | 5,078,000 | 4,973,000 | 4,686,000 | 4,488,000 | 4,287,403 | 3,920,403 | 3,583,403 | 3,107,403 | 2,413,404 | 1,447,559 | 409,683 | -791,800 | -1,796,404 | -3,175,452 | -3,999,016 | -3,968,741 | -3,989,391 | -4,075,458 | -4,445,978 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,037,000 | 10,092,000 | 9,169,000 | 7,960,000 | 7,563,000 | 7,045,000 | 6,008,000 | 5,151,000 | 4,724,000 | 4,422,980 | 3,363,650 | 2,851,620 | 2,869,000 | 3,205,420 | 3,398,100 | 3,988,930 | 5,085,560 | 6,467,500 | 7,884,020 | 9,172,380 |
| Return on total capital | 52.76% | 50.32% | 54.24% | 58.87% | 59.34% | 60.86% | 65.25% | 69.57% | 65.78% | 54.57% | 43.04% | 14.37% | -27.60% | -56.04% | -93.45% | -100.25% | -78.04% | -61.68% | -51.69% | -48.47% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,296,000K ÷ ($—K + $10,037,000K)
= 52.76%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Royal Caribbean Cruises Ltd
RCL
52.76%
Carnival Corporation
CCL
33.35%