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Norwegian Cruise Line Holdings Ltd. NCLH Q1 2025 earnings

Reported April 30, 2025 · Before market open

Revenue$2.1BMiss by $430.4M
EPS$0.07Miss by $0.02
Revenue estimate$2.6B
EPS estimate$0.09

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$2.9B
EPS estimate$0.89

Financials

Q1 2025

Income statement

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Revenue$2.1B-2.9%
Gross profit$823.6M+2.5%
Operating income$200.9M-8.0%
Net income-$40.3M-332%
EPS (diluted)-$0.09-325%

Balance sheet

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Cash & equivalents$184.4M-67.1%
Total debt$14.0B+1.8%
Total equity$1.4B+291%
Total assets$21.4B+7.7%

Cash flow

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Operating cash flow$679.2M-15.9%
CapEx$1.5B+489%
Free cash flow-$846.0M-254%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$8.34B-6.6%
Enterprise value$22.18B+0.1%
P/E9.8×—
P/S0.9×-0.1×

Profitability

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Gross margin40.5%+3.0pp
Operating margin15.4%+2.6pp
Net margin9.1%—

Returns & leverage

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Return on equity95.9%—
Debt / equity9.9×-28.2×
Current ratio0.2×-0.1×

Segments

By geography

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North America$1.4B-7.3%
Asia Pacific$405.8M+2.2%
Other Country$201.8M-3.1%
Europe$73.3M+190%

By product

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Passenger$1.4B-2.8%
Onboard And Other$708.9M-3.1%

By segment

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Single Reportable$2.1B-2.9%

FAQ

When did Norwegian Cruise Line Holdings Ltd. report Q1 2025 earnings?
Norwegian Cruise Line Holdings Ltd. (NCLH) reported Q1 2025 earnings on April 30, 2025 before market open.
What were Norwegian Cruise Line Holdings Ltd.'s Q1 2025 revenue and EPS?
Norwegian Cruise Line Holdings Ltd. reported revenue of $2.1B and eps of $0.07 for Q1 2025.
Did Norwegian Cruise Line Holdings Ltd. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $2.6B by $430.4M. EPS missed the consensus estimate of $0.09 by $0.02.
How did Norwegian Cruise Line Holdings Ltd.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.9% from $2.2B a year earlier and eps declined 56.3% from $0.16.
Where can I find Norwegian Cruise Line Holdings Ltd.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001171843-25-002625) and the 10-Q periodic report (0001558370-25-006294) directly on SEC EDGAR. The filing index links above go to sec.gov.