NCLH
Norwegian Cruise Line Holdings Ltd
NYSE: NCLH · CONSUMER CYCLICAL · TRAVEL SERVICES
$17.08
-0.81% today
Updated 2026-05-08
Market cap
$7.91B
P/E ratio
13.89
P/S ratio
0.79x
EPS (TTM)
$1.24
Dividend yield
—
52W range
$17 – $27
Volume
23.3M
Norwegian Cruise Line Holdings Ltd (NCLH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.98B | $2.17B | $2.11B | $1.86B | $2.01B | $2.22B | $2.28B | $2.57B | $3.13B | $4.35B | $4.87B | $5.40B | $6.06B | $6.46B | $1.28B | $647.99M | $4.84B | $8.55B | $9.48B | $9.83B |
| Revenue growth (YoY) | — | +9.9% | -3.1% | -11.9% | +8.5% | +10.3% | +2.6% | +12.9% | +21.6% | +39.0% | +12.2% | +10.7% | +12.2% | +6.7% | -80.2% | -49.4% | +647.5% | +76.5% | +10.9% | +3.7% |
| Cost of revenue | $1.57B | $1.69B | $1.58B | $1.29B | $1.35B | $1.47B | $1.48B | $1.66B | $1.95B | $2.66B | $2.85B | $3.06B | $3.38B | $3.66B | $1.69B | $1.61B | $4.27B | $5.47B | $5.69B | $6.69B |
| Gross profit | $408.93M | $479.88M | $527.92M | $565.75M | $664.83M | $751.45M | $797.81M | $912.63M | $1.18B | $1.69B | $2.02B | $2.33B | $2.68B | $2.80B | $-413.15M | $-960.05M | $576.67M | $3.08B | $3.79B | $3.14B |
| Gross margin | 20.7% | 22.1% | 25.1% | 30.5% | 33.0% | 33.9% | 35.0% | 35.5% | 37.7% | 38.9% | 41.5% | 43.2% | 44.2% | 43.3% | -32.3% | -148.2% | 11.9% | 36.0% | 40.0% | 32.0% |
| R&D | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | $61000.00 | $246000.00 | $251.35M | $251.18M | $516.75M | $403.17M | $555.00M | $666.16M | $773.75M | $897.93M | $974.85M | $745.35M | $891.45M | $1.38B | $1.39B | $1.43B | $1.55B |
| Operating income | $32.58M | $42.21M | $-63.25M | $171.37M | $230.24M | $316.11M | $357.09M | $395.89M | $502.94M | $702.49M | $925.46M | $1.05B | $1.22B | $1.18B | $-3.48B | $-2.55B | $-1.55B | $930.91M | $1.47B | $1.59B |
| Operating margin | 1.6% | 1.9% | -3.0% | 9.2% | 11.4% | 14.2% | 15.7% | 15.4% | 16.1% | 16.2% | 19.0% | 19.4% | 20.1% | 18.2% | -272.2% | -393.9% | -32.0% | 10.9% | 15.5% | 16.2% |
| EBITDA | $124.68M | $96.45M | $103.13M | $352.28M | $366.58M | $528.13M | $574.62M | $642.40M | $796.97M | $1.11B | $1.37B | $1.57B | $1.80B | $1.81B | $-2.78B | $-1.67B | $-665.14M | $1.77B | $2.49B | $2.74B |
| EBITDA margin | 6.3% | 4.4% | 4.9% | 19.0% | 18.2% | 23.8% | 25.2% | 25.0% | 25.5% | 25.5% | 28.1% | 29.0% | 29.8% | 28.1% | -217.1% | -257.7% | -13.7% | 20.7% | 26.3% | 27.9% |
| EBIT | $5.58M | $-51.55M | $-59.44M | $182.58M | $196.39M | $317.08M | $358.49M | $397.29M | $492.09M | $655.82M | $921.11M | $1.04B | $1.24B | $1.17B | $-3.52B | $-2.43B | $-1.48B | $890.71M | $1.52B | $1.59B |
| Interest expense | $136.48M | $175.41M | $152.36M | $115.35M | $173.77M | $190.22M | $189.93M | $282.60M | $151.75M | $221.91M | $276.86M | $267.80M | $270.40M | $257.34M | $482.31M | $2.07B | $801.51M | $727.53M | $747.22M | $2.23B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-130.90M | $-226.96M | $-211.80M | $66.95M | $22.99M | $126.86M | $168.56M | $101.71M | $338.35M | $427.14M | $633.09M | $759.87M | $954.84M | $930.23M | $-4.01B | $-4.51B | $-2.27B | $166.18M | $910.26M | $423.25M |
| Net income growth (YoY) | — | -73.4% | +6.7% | +131.6% | -65.7% | +451.9% | +32.9% | -39.7% | +232.7% | +26.2% | +48.2% | +20.0% | +25.7% | -2.6% | -531.3% | -12.3% | +49.6% | +107.3% | +447.8% | -53.5% |
| Profit margin | -6.6% | -10.4% | -10.1% | 3.6% | 1.1% | 5.7% | 7.4% | 4.0% | 10.8% | 9.8% | 13.0% | 14.1% | 15.8% | 14.4% | -313.5% | -695.5% | -46.9% | 1.9% | 9.6% | 4.3% |