RCL (Royal Caribbean Group) COGS-to-Revenue : 0.52 (As of Mar. 2025)

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What is Royal Caribbean Group COGS-to-Revenue?

Royal Caribbean Group's Cost of Goods Sold for the three months ended in Mar. 2025 was $2,078 Mil. Its Revenue for the three months ended in Mar. 2025 was $3,999 Mil.

Royal Caribbean Group's COGS to Revenue for the three months ended in Mar. 2025 was 0.52.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Royal Caribbean Group's Gross Margin % for the three months ended in Mar. 2025 was 48.04%.

Royal Caribbean Group COGS-to-Revenue Historical Data

The historical data trend for Royal Caribbean Group's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Royal Caribbean Group COGS-to-Revenue Chart

Royal Caribbean Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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1.25

1.79

0.75

0.56

0.52

Royal Caribbean Group Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.52	0.49	0.55	0.52

Royal Caribbean Group COGS-to-Revenue Calculation

Royal Caribbean Group's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8652	/	16485
	=	0.52

Royal Caribbean Group's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2078	/	3999
	=	0.52

Royal Caribbean Group (NYSE:RCL) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Royal Caribbean Group's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2078 / 3999
	=	48.04 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Royal Caribbean Group COGS-to-Revenue Related Terms

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Royal Caribbean Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Caribbean Group (NYSE:RCL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

RCL:Mexico 0I1W:UK RC8:Germany RC8:Germany R1CL34:Brazil

Address

1050 Caribbean Way, Miami, FL, USA, 33132

Website

https://www.royalcaribbeangroup.com

Royal Caribbean is the world's second-largest cruise company by revenues, operating 67 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021 and plans to launch its new Celebrity River Cruise brand in 2027.

Executives

Richard D Fain	director, officer: Chairman and CEO	ROYAL CARIBBEAN CRUISES LTD, 1050 CARIBBEAN WAY, MIAMI FL 33132
Maritza Gomez Montiel	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Naftali Holtz	officer: Chief Financial Officer	1050 CARIBBEAN WAY, MIAMI FL 33132
Jason T Liberty	officer: President and CEO	GATE NO 4, PLANT 10 / 11 GODREJ & BOYCE, PIROJSHANAGAR, LBS MARG, VIKHROLI (WEST), MUMBAI, MAHARASHTRA K7 400079
Laura H Bethge	officer: President, Celebrity Cruises	1050 CARIBBEAN WAY, MIAMI FL 33132
Michael W Bayley	officer: EVP, International	ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Arne Alexander Wilhelmsen	director	ANDERS WILHELMSEN & CO. AS, BEDDINGEN 8, AKER BRYGGE, OSLO Q8 NO-0118
Harri U Kulovaara	officer: EVP, Maritime	ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Henry L Pujol	officer: Vice President, Controller	ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Vagn O Sorensen	director	ROYAL CARIBBEAN CRUISES LTD., 1050 CARIBBEAN WAY, MIAMI FL 33132
Robert Alexander Lake	officer: SVP, CLO, Secretary & CCO	C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, MIAMI FL 33178
Rebecca Yeung	director	205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Lisa Lutoff-perlo	officer: EVP, Operations, RCI	1050 CARIBBEAN WAY, MIAMI FL 33132
Michael O Leavitt	director	LEAVITT PARTNERS LLC, 299 SOUTH MAIN STREET STE 2300, SALT LAKE CITY X1 84111
Bradley H Stein	officer: SVP, GC & Chief Compliance Off	1050 CARIBBEAN WAY, MIAMI FL 33132