• Royal Caribbean Cruises average ebitda margin for 2023 was 26.02%, a 186.27% increase from 2022.
• Royal Caribbean Cruises average ebitda margin for 2022 was -30.16%, a 97.17% decline from 2021.
• Royal Caribbean Cruises average ebitda margin for 2021 was -1065.24%, a 2445.38% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.