Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 47.29% is 1048% above its 5-year average of -4.99%, near the high end of its 5-year range (-734.41%–51.76%).
As of the fiscal period ended Tuesday, June 30, 2026. 0.62% above its 12-month average of 47.00%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
47.29%
GROSS MARGIN AVG TTM
47.00%
GROSS MARGIN AVG 3Y
47.64%
GROSS MARGIN AVG 5Y
43.25%
GROSS MARGIN AVG 10Y
42.96%
GROSS MARGIN AVG 15Y
39.71%
GROSS MARGIN AVG 20Y
38.17%
CURRENT VS TTM AVG
+0.62%
CURRENT VS 3Y AVG
-0.74%
CURRENT VS 5Y AVG
+9.34%
CURRENT VS 10Y AVG
+10.09%
CURRENT VS 15Y AVG
+19.09%
CURRENT VS 20Y AVG
+23.88%
SECTOR MEDIAN · CONSUMER CYCLICAL
38.11%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+24.09%
vs the sector median at left
Royal Caribbean Cruises Ltd.
Market Cap
$85.82B
Gross Margin
47.29%
TTM Avg
47.00%
3Y Avg
47.64%
5Y Avg
43.25%
Market Cap
$92.29B
Gross Margin
20.16%
TTM Avg
20.83%
3Y Avg
21.30%
5Y Avg
19.87%
Market Cap
$92.30B
Gross Margin
42.68%
TTM Avg
45.30%
3Y Avg
47.26%
5Y Avg
45.76%
Market Cap
$79.21B
Gross Margin
5.74%
TTM Avg
14.13%
3Y Avg
16.20%
5Y Avg
16.89%
Market Cap
$77.51B
Gross Margin
51.64%
TTM Avg
51.40%
3Y Avg
51.32%
5Y Avg
51.73%
Market Cap
$71.48B
Gross Margin
44.06%
TTM Avg
34.28%
3Y Avg
31.98%
5Y Avg
28.34%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $85.82B | 47.29% | 47.00% | 47.64% | 43.25% |
| Ross Stores, Inc. (ROST)vs › | $81.87B | 28.33% | 27.87% | 27.12% | 26.25% |
| Marriott International, Inc. (MAR)vs › | $92.29B | 20.16% | 20.83% | 21.30% | 19.87% |
| MercadoLibre, Inc. (MELI)vs › | $92.30B | 42.68% | 45.30% | 47.26% | 45.76% |
| General Motors Company (GM)vs › | $79.21B | 5.74% | 14.13% | 16.20% | 16.89% |
| Carvana Co. (CVNA)vs › | $77.71B | 19.37% | 20.23% | 15.96% | 15.17% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $77.51B | 51.64% | 51.40% | 51.32% | 51.73% |
| Ferrari N.V. (RACE)vs › | $72.52B | 51.61% | 50.91% | 49.91% | 50.36% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $71.48B | 44.06% | 34.28% | 31.98% | 28.34% |
| Sea Limited (SE)vs › | $68.10B | 44.27% | 43.75% | 43.45% | 40.63% |
Gross Margin
47.3%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 47.29% |
| 2026-03-31 | 49.53% |
| 2025-12-31 | 36.72% |
| 2025-09-30 | 51.76% |
| 2025-06-30 | 49.69% |
| 2025-03-31 | 48.04% |
| 2024-12-31 | 45.44% |
| 2024-09-30 | 51.06% |
| 2024-06-30 | 47.64% |
| 2024-03-31 | 44.85% |
| 2023-12-31 | 43.26% |
| 2023-09-30 | 48.63% |
| 2023-06-30 | 44.51% |
| 2023-03-31 | 37.87% |
| 2022-12-31 | 31.55% |
| 2022-09-30 | 34.30% |
| 2022-06-30 | 23.09% |
| 2022-03-31 | -11.87% |
| 2021-12-31 | -15.60% |
| 2021-09-30 | -78.07% |
| 2021-06-30 | -734.41% |
| 2021-03-31 | -574.74% |
| 2020-12-31 | -677.02% |
| 2020-09-30 | 1016.08% |
| 2020-06-30 | -287.47% |
| 2020-03-31 | 25.68% |
| 2019-12-31 | 41.15% |
| 2019-09-30 | 49.07% |
| 2019-06-30 | 44.97% |
| 2019-03-31 | 42.06% |
| 2018-12-31 | 41.67% |
| 2018-09-30 | 49.53% |
| 2018-06-30 | 43.77% |
| 2018-03-31 | 42.00% |
| 2017-12-31 | 42.84% |
| 2017-09-30 | 48.70% |
| 2017-06-30 | 42.75% |
| 2017-03-31 | 41.46% |
| 2016-12-31 | 41.18% |
| 2016-09-30 | 47.73% |
| 2016-06-30 | 37.75% |
| 2016-03-31 | 35.26% |
| 2015-12-31 | 38.31% |
| 2015-09-30 | 45.03% |
| 2015-06-30 | 36.04% |
| 2015-03-31 | 32.66% |
| 2014-12-31 | 31.53% |
| 2014-09-30 | 40.27% |
| 2014-06-30 | 32.80% |
| 2014-03-31 | 30.90% |
| 2013-12-31 | 30.82% |
| 2013-09-30 | 38.71% |
| 2013-06-30 | 29.70% |
| 2013-03-31 | 32.91% |
| 2012-12-31 | 30.35% |
| 2012-09-30 | 39.44% |
| 2012-06-30 | 28.83% |
| 2012-03-31 | 31.58% |
| 2011-12-31 | 29.54% |
| 2011-09-30 | 39.48% |
| 2011-06-30 | 32.95% |
| 2011-03-31 | 34.15% |
| 2010-12-31 | 31.01% |
| 2010-09-30 | 39.84% |
| 2010-06-30 | 32.19% |
| 2010-03-31 | 30.99% |
| 2009-12-31 | 28.55% |
| 2009-09-30 | 36.71% |
| 2009-06-30 | 28.43% |
| 2009-03-31 | 28.16% |
| 2008-12-31 | -59.72% |
| 2008-09-30 | 38.18% |
| 2008-06-30 | 31.11% |
| 2008-03-31 | 32.67% |
| 2007-12-31 | 31.22% |
| 2007-09-30 | 41.17% |
| 2007-06-30 | 34.82% |
| 2007-03-31 | 31.21% |
| 2006-12-31 | 34.93% |
| 2006-09-30 | 42.32% |
| 2006-06-30 | 36.20% |
| 2006-03-31 | 36.32% |
| 2005-12-31 | 31.64% |
| 2005-09-30 | 43.77% |
| 2005-06-30 | 38.49% |
| 2005-03-31 | 39.59% |
| 2004-12-31 | -74.14% |
| 2004-09-30 | 43.19% |
| 2004-06-30 | 38.11% |
| 2004-03-31 | 38.36% |
| 2003-12-31 | 32.05% |
| 2003-09-30 | 41.85% |
| 2003-06-30 | 35.92% |
| 2003-03-31 | 37.22% |
| 2002-12-31 | 34.68% |
| 2002-09-30 | 41.68% |
