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Norwegian Cruise Line Holdings Ltd. NCLH Fuel Expense — Cost of Goods Sold

Other product segments

Commissions Transportation And Other
$397.61M+0.6%
Payroll And Related
$380.22M+13.7%
Service Other
$198.58M+7.6%
Onboard And Other
$151.87M+9.4%
Food And Beverage
$80.68M+6.7%

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CCLCruise — Costs And Expenses Fuel
$668M+267%
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CCLFuel
$397M-14.6%
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CCLCruise Support — Fuel
$1M
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CCLEurope Segment — Fuel
$127M-13.0%
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CCLCruise — Costs And Expenses Food
$259M+398%
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CCLNorth America Segment — Fuel
$270M-15.4%

Other financials

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

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Market cap$9.38B+2.1%
Enterprise value$24.39B+6.1%
P/E16.5×+5.7×
P/S0.9×0.0×

Profitability

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Gross margin43%+2.6pp
Operating margin15.9%+0.5pp
Net margin5.7%-3.4pp
FCF margin-4.7%

Returns & leverage

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

Where this comes from

Reported directly by Norwegian Cruise Line Holdings Ltd. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Norwegian Cruise Line Holdings Ltd.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Norwegian Cruise Line Holdings Ltd.'s fuel expense — cost of goods sold?
Norwegian Cruise Line Holdings Ltd. (NCLH) reported fuel expense — cost of goods sold of $168.93M in Q1 2026.
How has Norwegian Cruise Line Holdings Ltd.'s fuel expense — cost of goods sold changed year-over-year?
Norwegian Cruise Line Holdings Ltd.'s fuel expense — cost of goods sold decreased by 3.5% year-over-year, from $175.01M to $168.93M.
What is the long-term trend for Norwegian Cruise Line Holdings Ltd.'s fuel expense — cost of goods sold?
Over 4 years (2021 to 2025), Norwegian Cruise Line Holdings Ltd.'s fuel expense — cost of goods sold has grown at a 22.3% compound annual growth rate (CAGR), from $301.85M to $675.89M.
What does fuel expense — cost of goods sold mean?
The total amount spent on fuel to power the company's cruise ships.
How do you interpret fuel expense — cost of goods sold?
An increase in this metric typically signals higher global fuel prices or increased fleet activity, while a decrease suggests lower energy costs or improved fuel efficiency initiatives.
How does fuel expense — cost of goods sold compare across companies?
Comparable to fuel-related operating expenses reported by other cruise lines and shipping companies, often analyzed alongside fuel consumption volume and hedging strategies.