Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd.

18.60
USD
+1.18
(+6.77%)
1.80EPS
8.05P/E
6.73BMarket Cap
Mar 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.66
15.14
19.18
21.46
23.66
27.15
30.07
5.02
1.77
11.54
20.14
21.78
21.91
22.21
Basic EPS, GAAP
0.5
1.64
1.89
2.79
3.33
4.28
4.33
-15.75
-12.33
-5.41
0.39
2.09
0.94
1.82
Free Cash Flow per Basic Share
-1.98
-1.59
-0.36
0.76
1
2.28
0.86
-13.75
-8.81
-3.75
-1.75
1.93
-2.61
-1.23
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
12.72
15.46
16.6
19.97
25.16
27.4
30.58
13.79
5.84
0.16
0.71
3.24
4.85
6.86
Tangible Book Value per Share
9.74
4.97
6.42
9.86
15.26
17.13
20.17
11.9
4.4
-1.26
-0.7
1.79
3.46
5.47
Basic Weighted Avg Shares
203
207
227
227
228
223
215
255
365
420
424
435
449
458
Sales/Revenue/Turnover
2,570
3,126
4,345
4,874
5,396
6,055
6,462
1,280
648
4,844
8,550
9,480
9,828
10,163
Operating Margin (%)
15.4
16.09
16.17
18.99
19.44
20.13
18.23
-146.6
-393.89
-32.04
10.89
15.46
15.88
13.85
Depreciation Expense
245
305
450
446
521
567
647
740
759
810
883
974
1,162
1,260
Net Income, GAAP
102
338
427
633
760
955
930
-4,013
-4,507
-2,270
166
910
423
833
Effective Tax Rate (%)
10.29
- -
1.56
1.13
1.39
1.49
- -
- -
- -
- -
- -
- -
1.28
- -
Profit Margin (%)
3.96
10.82
9.83
12.99
14.08
15.77
14.39
-313.5
-695.48
-46.86
1.94
9.6
4.31
8.2
Working Capital
-893
-1,803
-2,026
-1,902
-1,972
-2,600
-2,854
1,644
-429
-3,182
-4,726
-4,771
-4,314
-4,456
LT Debt
2,841
5,503
5,768
5,838
5,688
5,811
6,055
11,681
11,570
12,630
12,314
11,777
13,730
13,952
Total Equity
2,631
3,519
3,781
4,538
5,750
5,963
6,516
4,354
2,433
69
301
1,425
2,210
3,149
Return on Invested Capital (%)
6.6
- -
6.99
8.67
9
9.8
- -
- -
- -
- -
- -
- -
9.84
- -
Return on Capital (%)
6.58
- -
6.53
8.59
8.91
9.96
- -
- -
- -
- -
- -
- -
8.71
- -
Return on Common Equity (%)
4.4
11.04
11.7
15.22
14.77
16.3
14.91
-73.83
-132.81
-181.5
89.97
105.46
23.29
31.18

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
1,175
1,141
1,135
LT Borrowings
13,979
13,893
13,952
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
459
459
459
Market Capitalization
8,585
9,693
6,733

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
1,308
1,266
1,294
Cash, Cash Equivalents & STI
185
218
257
Accounts Receivable, Net
277
277
241
Inventories
163
161
188
Total Current Liabilities
6,217
6,321
5,750
Payables & Accruals
1,323
1,528
1,473
ST Debt
1,175
1,141
1,135
Deferred Revenue
3,719
3,651
3,142

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
65.27%
125.23%
55.03%
Free Cash Flow
-277.49%
-112.8%
-239.46%
Net Income, GAAP
-19.04%
49.92%
-53.5%
Sales/Revenue/Turnover
65.08%
137.84%
3.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,191
2,372
2,807
2,109
9,480
2025
2,128
2,517
2,938
2,244
9,828
2026
2,331
2,641
2,947
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.38
1.08
0.58
2.09
2025
-0.09
0.07
0.93
0.03
0.94
2026
0.23
0.48
1.07
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
John W. Chidsey
Full Time Employees
44,500
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
7665 Corporate Center Drive Miami FL United States 33126
IPO Date
Jan 18, 2013
Business
Norwegian Cruise Line Holdings Ltd. (NCLH) is a leading global cruise company that operates a portfolio of three award-winning brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises; offers cruise itineraries to nearly 350 destinations worldwide including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska, and Hawaii; provides a wide variety of onboard experiences encompassing accommodations from standard staterooms to luxury suites in The Haven enclave, multiple dining options, award-winning entertainment, personalized service, and Freestyle Cruising with flexible schedules; and maintains private destinations such as Great Stirrup Cay in the Bahamas and Harvest Caye in Belize. Founded in 1966 as Norwegian Caribbean Lines and headquartered in Miami, Florida, the company serves leisure travelers seeking contemporary, immersive, and all-inclusive luxury vacation experiences through its modern fleet of over 20 ships for Norwegian Cruise Line alone, with additional vessels across its brands. NCLH conducts operations primarily in North America, Europe, Asia-Pacific, and other international markets, employing approximately 41,700 people and marketing services via retail travel agents, international sales, incentive programs, and direct consumer channels. In February 2025, NCLH finalized a significant order with Fincantieri for four new cruise ships for the Norwegian Cruise Line brand, each with approximately 226,000 gross tons and over 5,100 berths, marking the largest vessels ever built for the brand and scheduled for delivery in 2030, 2032, 2034, and 2036; this agreement, first announced as a letter of intent in April 2024, underscores ongoing fleet expansion following recent deliveries like Norwegian Prima, Viva, and the upcoming Aqua of the Prima Plus class. The company advances its Charting the Course strategic vision through pillars focused on guest-valued investments, growth opportunities, operational excellence, and the Sail & Sustain sustainability program, with recent highlights including new culinary concepts debuting on Oceania Sonata in 2025.

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