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Norwegian Cruise Line Holdings Ltd.

NCLH

Norwegian Cruise Line Holdings Ltd. is a leading global cruise company that operates a diverse portfolio of three distinct brands catering to various segments of the travel market.

Market cap
$9.2B-12.0%
Revenue$10.0B+6.5%
Net income$568.2M-33.4%
Free cash flow-$2.0B-377%
EPS (diluted)$1.21-30.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$2.6B
EPS estimate$0.39

Financials

Q1 2026

Income statement

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Revenue$2.3B+9.6%
Gross profit$953.3M+15.8%
Operating income$232.9M+15.9%
Net income$104.7M+360%
EPS (diluted)$0.23+356%

Balance sheet

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Cash & equivalents$185.0M+0.4%
Total debt$15.2B+8.3%
Total equity$2.4B+71.6%
Total assets$23.8B+11.4%

Cash flow

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Operating cash flow$811.5M+19.5%
CapEx$1.4B-5.8%
Free cash flow-$625.2M+26.1%

Valuation & ratios

Valuation

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Market cap$9.2B-12.0%
Enterprise value$24.2B-0.3%
P/E16.2×+1.3×
P/S0.9×-0.2×

Profitability

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Gross margin43%+2.6pp
Operating margin15.9%+0.5pp
Net margin5.7%-3.4pp

Returns & leverage

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Return on equity29.5%-66.3pp
Debt / equity6.2×-3.7×
Current ratio0.2×0.0×

Segments

By geography

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North America$1.8B+22.1%
Asia Pacific$366.7M-9.6%
Other Country$166.3M-17.6%
Europe$31.9M-56.4%

By product

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Passenger$1.5B+8.7%
Onboard And Other$788.9M+11.3%

By segment

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Single Reportable$2.3B+9.6%

Competitors

Profile

Norwegian Cruise Line Holdings Ltd. is a leading global cruise company that operates a diverse portfolio of three distinct brands catering to various segments of the travel market. The company provides upscale vacation experiences across approximately 700 ports worldwide, offering a comprehensive suite of onboard amenities including fine dining, entertainment, and luxury accommodations. Its core value proposition centers on delivering guest-centric products and immersive itineraries through a modern and expanding fleet.

Competitive position

The company is one of the three largest global cruise operators, distinguishing itself through a multi-brand strategy that spans the contemporary, upper-premium, and luxury segments.

GeographiesGlobal, North America, Europe, Asia-Pacific, Caribbean
Customer segmentsPremium families, High-net-worth individuals, Solo travelers, Adults-only
Business modelAsset-heavy service provider, B2C hospitality, All-inclusive luxury
SuppliersShipbuilders and shipyards, Fuel suppliers, Food and beverage wholesalers, Port authorities
CustomersIndividual travelers, Travel agencies, Tour operators, Corporate incentive groups
Listed2013
Employees35.9K
CEOJohn W. Chidsey
FilingsSEC EDGAR

Questions, answered.

What is Norwegian Cruise Line Holdings Ltd.'s market cap?
Norwegian Cruise Line Holdings Ltd. (NCLH) has a market capitalization of $9.2B and trades on NYSE.
What is Norwegian Cruise Line Holdings Ltd.'s revenue and profitability?
Norwegian Cruise Line Holdings Ltd. generated $10.0B in trailing twelve-month revenue with net income of $568.2M, representing a net margin of 5.7%. Gross margin stands at 43.0%, with free cash flow of -$2.0B. These figures are based on the Q1 2026 filing.
Who are Norwegian Cruise Line Holdings Ltd.'s competitors?
Norwegian Cruise Line Holdings Ltd.'s key competitors include Carnival Corporation & plc, Royal Caribbean Group, Viking Cruises, and others. These companies compete in similar markets and product categories.
What subsidiaries does Norwegian Cruise Line Holdings Ltd. have?
Norwegian Cruise Line Holdings Ltd.'s subsidiaries include NCL Corporation Ltd., Prestige Cruises International.
Where is Norwegian Cruise Line Holdings Ltd. headquartered?
Norwegian Cruise Line Holdings Ltd. is headquartered in United States of America and employs approximately 35,900 people. It has been publicly traded since 2013.