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Norwegian Cruise Line Holdings Ltd.

NCLH

$19.38 ▼ -0.92 (-4.53%) at close

16 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Bullish

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Analytical Summary

Norwegian Cruise Line Holdings Ltd. shows strong fundamentals with top-quartile Return on Common Equity (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $8.7B

Dividend Yield —

Revenue Growth 3.7% ↘

Op. Margin 15.9% ↗

ROIC 69.7% ↘

FCF / Share $-2.61 ↘

Trailing P/E 20.6x

Price / Book 4.0x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 6, 2026.

16-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$9.83B

↑ +3.7% —

Net Income Profit after all expenses

$423.25M

↓ -53.5% —

Operating Margin Operating profit as % of sales

15.9%

↑ +2.7% 68th

FCF / Share Free cash flow per share

$-2.61

↓ -235.3% —

Long-Term Debt Long-term obligations

$1.55B

↓ -75.7% —

trending_up

Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns

Financial Health

Cash Quality

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue Growth YoY (%)	3.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-27%)	10.9% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+117%)	76.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1430%)	647.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+12850%)	-49.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1087%)	-80.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1704%)	6.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+35%)	12.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+144%)	10.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+114%)	12.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+144%)	39.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+680%)	21.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+332%)	12.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+158%)	2.6% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-49%)	—	—
EPS Growth YoY (%)	-55.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	435.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	56.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	21.7% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	1.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	28.5% Excellent → Excellent Stable Year-over-year change in earnings per share Optimal: > 10%	19.4% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	47.6% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	15.2% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	228.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-47.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	33.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-53.5% Weak ↓ Weak Declining Year-over-year change in net income	447.8% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	49.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-12.3% Weak ↓ Weak Declining Year-over-year change in net income	N/M	-2.6% Weak ↓ Weak Declining Year-over-year change in net income	25.7% Excellent ↓ Excellent Declining Year-over-year change in net income	20.0% Good ↓ Good Declining Year-over-year change in net income	48.2% Excellent ↓ Excellent Declining Year-over-year change in net income	26.2% Excellent ↓ Excellent Declining Year-over-year change in net income	232.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-39.7% Weak Weak Year-over-year change in net income	32.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	N/M	53.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	57.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	35.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	-62.2% Weak Weak Year-over-year change in free cash flow	127.0% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	N/M	-45.1% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	26.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	144.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	88.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-9.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-52.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-38.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	9.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.7% Good ↓ Good Declining Compound annual revenue growth over 3 years	20.0% Excellent → Excellent Stable Compound annual revenue growth over 3 years	23.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	24.0% Excellent Excellent Compound annual revenue growth over 3 years	12.1% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	50.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	8.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	7.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-2.1% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-33.2% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-21.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	15.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	18.7% Excellent → Excellent Stable Compound annual revenue growth over 5 years	18.8% Excellent Excellent Compound annual revenue growth over 5 years	17.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	—	15.8% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	31.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	26.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	77.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	25.8% Excellent Excellent Compound annual EPS growth over 3 years	32.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Operating Margin (%) (%)	15.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	15.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	10.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	-32.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-367%)	-393.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3382%)	-272.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2368%)	18.2% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	20.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+68%)	19.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	19.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	16.2% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	16.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	15.4% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	15.7% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	14.2% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	—
Effective Tax Rate (%) (%)	1.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-17.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	4.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	9.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	1.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	-46.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-686%)	—	-313.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-4019%)	14.4% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+80%)	15.8% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	14.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+76%)	13.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	9.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	10.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	4.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	7.4% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	5.7% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	—
FCF Margin (%) (%)	-11.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-8.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-32.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-497.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-273.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.4% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	4.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	-16.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-2.76x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-4.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.71x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.53x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.30x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	-4.12x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.36x Good Good Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Return on Invested Capital (%)	69.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	121.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	315.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-2255.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-105.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-59.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	18.5% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	20.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	—	6.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	13.6% Good Good Return earned on debt + equity capital invested Optimal: > 10%	14.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	6.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-8.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-13.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-18.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.4% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	6.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	19.2% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	63.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+326%)	55.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+268%)	—	-185.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1335%)	-92.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-714%)	14.3% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	16.0% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	13.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-12%)	—	11.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	9.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	3.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	8.4% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Debt to Equity (x)	—	—	—	—	—	0.36x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	—	—	—	—	1.69x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+142%)	1.73x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+147%)	—	—	—	—
Interest Coverage (x)	1.64x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.90x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.28x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.94x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.22x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-37.38x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.32x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.51x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.92x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.34x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.17x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.31x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.88x Caution Caution Operating income divided by interest expense Optimal: > 5x	1.66x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-209.89M	$-190.76M	$-402.42M	$-946.99M	$-1.37B	$-1.75B	$-252.88M	$-163.85M	$-176.19M	$-128.35M	$6.28B	$6.00B	$-56.47M	$-45.50M	$-58.93M	$-55.05M
Debt / EBITDA (x)	—	—	—	—	—	-0.57x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	5.55x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.53x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue per Share (USD)	$21.91	$21.78	$20.14	$11.54	$1.77	$5.02	$30.07	$27.15	$23.66	$21.46	$19.18	$15.14	$12.66	$12.77	$12.48	—
Basic EPS, GAAP (USD)	$0.94	$2.09	$0.39	$-5.41	$-12.33	$-15.75	$4.33	$4.28	$3.33	$2.79	$1.89	$1.64	$0.50	$0.95	$0.71	—
Free Cash Flow per Share (USD)	$-2.61	$1.93	$-1.75	$-3.75	$-8.81	$-13.75	$0.86	$2.28	$1.00	—	—	—	$-2.07	$0.53	$0.97	—
Book Value per Share (USD)	$4.85	$3.24	$0.71	$0.16	$5.84	$13.79	$30.58	$27.40	$25.16	—	$16.60	$15.46	$12.72	$95.73	—	—
Tangible Book Value per Share (USD)	$3.46	$1.79	$-0.70	$-1.26	$4.40	$11.90	$20.22	$17.26	$15.50	—	$6.91	$5.77	$10.75	$95.73	—	—
Basic Weighted Avg Shares (shares)	448.54M	435.28M	424.42M	419.77M	365.45M	254.73M	214.93M	223.00M	228.04M	227.12M	226.59M	206.52M	202.99M	178.23M	177.87M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Working Capital (USD)	$-4.31B	$-4.77B	$-4.73B	$-3.18B	$-428.86M	$1.64B	$-2.85B	$-2.60B	$-1.97B	$-1.90B	$-2.03B	$-1.80B	$-892.56M	$-780.16M	—	—
LT Debt (USD)	—	—	—	—	—	$1.55B	—	—	—	—	$6.40B	$6.08B	—	—	—	—
Total Equity (USD)	$2.21B	$1.43B	$300.81M	$68.59M	$2.43B	$4.35B	$6.52B	$5.96B	$5.75B	—	$3.78B	$3.52B	$2.61B	$2.01B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Sales/Revenue/Turnover (USD)	$9.83B	$9.48B	$8.55B	$4.84B	$647.99M	$1.28B	$6.46B	$6.06B	$5.40B	$4.87B	$4.35B	$3.13B	$2.57B	$2.28B	$2.22B	—
Depreciation Expense (USD)	$1.16B	$973.51M	$883.24M	$810.05M	$758.60M	$739.62M	$647.10M	$566.97M	$521.48M	$445.63M	$450.33M	$304.88M	$245.11M	$216.14M	$211.05M	—
Net Income, GAAP (USD)	$423.25M	$910.26M	$166.18M	$-2.27B	$-4.51B	$-4.01B	$930.23M	$954.84M	$759.87M	$633.09M	$427.14M	$338.35M	$101.71M	$168.56M	$126.86M	—
Operating Cash Flow (USD)	$2.09B	$2.05B	$2.01B	$210.02M	$-2.47B	$-2.56B	$1.82B	$2.08B	$1.60B	—	—	—	$475.28M	$398.59M	$356.99M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 16 years · 59 quarters

Norwegian Cruise Line Holdings Ltd.

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