Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 36.36% is 20% above its 5-year average of 30.42%, near the high end of its 5-year range (-1375.05%–41.83%).
0.80% below its 12-month average of 36.65%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 36.65%.
EBITDA MARGIN
36.36%
EBITDA MARGIN AVG TTM
36.65%
EBITDA MARGIN AVG 3Y
34.83%
EBITDA MARGIN AVG 5Y
30.42%
EBITDA MARGIN AVG 10Y
30.24%
EBITDA MARGIN AVG 15Y
25.94%
EBITDA MARGIN AVG 20Y
24.86%
CURRENT VS TTM AVG
-0.80%
CURRENT VS 3Y AVG
+4.39%
CURRENT VS 5Y AVG
+19.54%
CURRENT VS 10Y AVG
+20.23%
CURRENT VS 15Y AVG
+40.18%
CURRENT VS 20Y AVG
+46.24%
Royal Caribbean Cruises Ltd.
Market Cap
$62.72B
EBITDA Margin
36.36%
TTM Avg
36.65%
3Y Avg
34.83%
5Y Avg
30.42%
Market Cap
$69.52B
EBITDA Margin
23.84%
TTM Avg
23.18%
3Y Avg
23.82%
5Y Avg
18.99%
Market Cap
$71.66B
EBITDA Margin
22.34%
TTM Avg
22.28%
3Y Avg
22.59%
5Y Avg
23.06%
Market Cap
$73.70B
EBITDA Margin
9.46%
TTM Avg
11.45%
3Y Avg
12.25%
5Y Avg
13.62%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $62.72B | 36.36% | 36.65% | 34.83% | 30.42% |
| Sea Limited (SE)vs › | $60.84B | 9.75% | 8.00% | 3.15% | -4.36% |
| Carvana Co. (CVNA)vs › | $69.35B | 10.61% | 10.09% | 3.42% | 1.51% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $69.52B | 23.84% | 23.18% | 23.82% | 18.99% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $71.66B | 22.34% | 22.28% | 22.59% | 23.06% |
| Ferrari N.V. (RACE)vs › | $72.19B | 38.61% | 38.47% | 37.61% | 36.62% |
| NIKE, Inc. (NKE)vs › | $52.64B | 9.91% | 9.82% | 11.70% | 13.38% |
| General Motors Company (GM)vs › | $73.70B | 9.46% | 11.45% | 12.25% | 13.62% |
| Ford Motor Company (F)vs › | $50.70B | 4.55% | 5.24% | 6.35% | 5.95% |
| Ross Stores, Inc. (ROST)vs › | $75.45B | 15.75% | 15.05% | 14.06% | 12.80% |
Gross Margin
46.6%
EBITDA Margin
36.4%
Operating Margin
27.3%
Net Margin
23.6%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 36.65% |
| 2026-03-31 | 36.46% |
| 2025-12-31 | 30.10% |
| 2025-09-30 | 41.58% |
| 2025-06-30 | 38.48% |
| 2025-03-31 | 33.93% |
| 2024-12-31 | 27.49% |
| 2024-09-30 | 41.83% |
| 2024-06-30 | 36.30% |
| 2024-03-31 | 30.50% |
| 2023-12-31 | 28.15% |
| 2023-09-30 | 39.21% |
| 2023-06-30 | 32.13% |
| 2023-03-31 | 21.90% |
| 2022-12-31 | 14.44% |
| 2022-09-30 | 21.83% |
| 2022-06-30 | 6.08% |
| 2022-03-31 | -49.07% |
| 2021-12-31 | -71.10% |
| 2021-09-30 | -148.79% |
| 2021-06-30 | -1375.05% |
| 2021-03-31 | -1187.85% |
| 2020-12-31 | -2046.17% |
| 2020-09-30 | 2015.48% |
| 2020-06-30 | -548.24% |
| 2020-03-31 | -48.31% |
| 2019-12-31 | 24.68% |
| 2019-09-30 | 38.00% |
| 2019-06-30 | 31.54% |
| 2019-03-31 | 25.05% |
| 2018-12-31 | 27.62% |
| 2018-09-30 | 37.90% |
| 2018-06-30 | 30.38% |
| 2018-03-31 | 25.37% |
| 2017-12-31 | 27.32% |
| 2017-09-30 | 38.05% |
| 2017-06-30 | 29.82% |
| 2017-03-31 | 25.65% |
| 2016-12-31 | 27.76% |
| 2016-09-30 | 37.61% |
| 2016-06-30 | 23.93% |
| 2016-03-31 | 19.50% |
| 2015-12-31 | 24.14% |
| 2015-09-30 | 18.58% |
| 2015-06-30 | 22.73% |
| 2015-03-31 | 16.86% |
| 2014-12-31 | 17.20% |
| 2014-09-30 | 30.22% |
| 2014-06-30 | 19.62% |
| 2014-03-31 | 15.43% |
| 2013-12-31 | 14.32% |
| 2013-09-30 | 27.37% |
| 2013-06-30 | 15.91% |
| 2013-03-31 | 18.57% |
| 2012-12-31 | -5.14% |
| 2012-09-30 | 28.49% |
| 2012-06-30 | 15.23% |
| 2012-03-31 | 17.16% |
| 2011-12-31 | 16.11% |
| 2011-09-30 | 29.50% |
| 2011-06-30 | 19.25% |
| 2011-03-31 | 19.31% |
| 2010-12-31 | 17.80% |
| 2010-09-30 | 29.49% |
| 2010-06-30 | 18.96% |
| 2010-03-31 | 16.78% |
| 2009-12-31 | 15.76% |
| 2009-09-30 | 25.57% |
| 2009-06-30 | 14.31% |
| 2009-03-31 | 13.89% |
| 2008-12-31 | 13.56% |
| 2008-09-30 | 28.91% |
| 2008-06-30 | 18.70% |
| 2008-03-31 | 18.33% |
| 2007-12-31 | 17.50% |
| 2007-09-30 | 30.98% |
| 2007-06-30 | 21.78% |
| 2007-03-31 | 15.99% |
| 2006-12-31 | 19.22% |
| 2006-09-30 | 32.31% |
| 2006-06-30 | 22.14% |
| 2006-03-31 | 21.21% |
| 2005-12-31 | 15.26% |
| 2005-09-30 | 33.38% |
| 2005-06-30 | 26.11% |
| 2005-03-31 | 25.76% |
| 2004-12-31 | 88.93% |
| 2004-09-30 | 33.02% |
| 2004-06-30 | 25.57% |
| 2004-03-31 | 24.21% |
| 2003-12-31 | 280.17% |
| 2003-09-30 | -27.81% |
| 2003-06-30 | -41.35% |
| 2003-03-31 | -39.65% |
| 2002-12-31 | 289.68% |
| 2002-09-30 | -26.61% |
