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Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.8B | $2.5B | $423M | $-1.2B | 19.2% | 3.7% | -53.5% |
| 2024 | $9.5B | $2.5B | $910M | $839M | 63.9% | 10.9% | 447.8% |
| 2023 | $8.5B | $1.8B | $166M | $-745M | 55.2% | 76.5% | -107.3% |
| 2022 | $4.8B | $-665M | $-2.3B | $-1.6B | -3309.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 9,827.59 |
| Operating Revenue | 9,827.59 |
| Cost Of Revenue | 5,639.16 |
| Gross Profit | 4,188.43 |
| Operating Expense | 2,627.56 |
| Selling General And Administration | 1,548.81 |
| Total Expenses | 8,266.72 |
| Operating Income | 1,560.87 |
| Total Operating Income As Reported | 1,560.87 |
| EBITDA | 2,544.34 |
| Normalized EBITDA | 2,544.34 |
| EBIT | 1,382.23 |
| Interest Expense | 953.51 |
| Net Interest Income | -953.51 |
| Other Non Operating Income Expenses | -178.64 |
| Other Income Expense | -178.64 |
| Interest Expense Non Operating | 953.51 |
| Net Non Operating Interest Income Expense | -953.51 |
| Pretax Income | 428.72 |
| Tax Provision | 5.48 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | 423.25 |
| Net Income From Continuing And Discontinued Operation | 423.25 |
| Net Income From Continuing Operation Net Minority Interest | 423.25 |
| Net Income | 423.25 |
| Net Income Common Stockholders | 423.25 |
| Net Income Including Noncontrolling Interests | 423.25 |
| Normalized Income | 423.25 |
| Diluted NI Availto Com Stockholders | 423.25 |
| Basic Average Shares | 448.54 |
| Diluted Average Shares | 477.74 |
| Reconciled Depreciation | 1,162.11 |
| Reconciled Cost Of Revenue | 5,555.81 |
| Total Unusual Items | - |
| Total Unusual Items Excluding Goodwill | - |
| Special Income Charges | - |
| Other Special Charges | - |
| Impairment Of Capital Assets | - |
| Depreciation Amortization Depletion Income Statement | 1,078.76 |
| Depreciation And Amortization In Income Statement | 1,078.76 |
| Total Other Finance Cost | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Norwegian Cruise Line Holdings Ltd.this co. | NCLH | $8.8B | 20.75↑ premium | 3.97 | 19.2% | 9.11 |
| Life Time Group Holdings, Inc. | LTH | $7.2B | 19.39 | 2.32 | 12.0% | 14.40 |
| CarMax, Inc. | KMX | $6.7B | 26.91 | 1.13 | 4.2% | 15.58 |
| Urban Outfitters, Inc. | URBN | $6.5B | 14.06 | 2.32 | 16.5% | 9.68 |
| LKQ Corporation | LKQ |
| 2021 | - | - | - | - | - | - | - |
| $6.4B |
| 10.60 |
| 0.98 |
| 9.3% |
| 7.75 |
| Mohawk Industries, Inc. | MHK | $6.4B | 17.34 | 0.77 | 4.4% | 7.03 |
| Etsy, Inc. | ETSY | $6.4B | 39.04 | - | -14.8% | 21.30 |
| Caesars Entertainment, Inc. | CZR | $6.0B | -11.87 | 1.70 | -14.3% | 9.10 |
| Brinker International, Inc. | EAT | $5.9B | 15.28 | 15.78 | 103.3% | 10.46 |
| Peer Median | - | 16.31 | 1.70 | 6.9% | 10.07 | |