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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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Other financials

Income statement

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Revenue$2.6B+4.9%
Gross profit$1.1B-0.7%
Operating income$363.3M-14.3%
Net income$222.6M+642%
EPS (diluted)$0.48+586%

Balance sheet

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Cash & equivalents$218.1M+18.5%
Total debt$15.0B+9.0%
Total equity$2.6B+63.9%
Total assets$24.0B+11.2%

Cash flow

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Operating cash flow$602.6M-15.7%
CapEx$457.7M+37.2%
Free cash flow$144.9M

Valuation

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Market cap$9.32B-16.9%
Enterprise value$24.14B-2.7%
P/E12.3×-3.3×
P/S0.9×-0.3×

Profitability

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Gross margin42.5%+1.1pp
Operating margin15.1%-0.9pp
Net margin7.5%0.0pp
FCF margin-4.7%

Returns & leverage

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Return on equity36.7%-26.8pp
Debt / equity5.8×-2.9×
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 source filing: Norwegian Cruise Line Holdings Ltd.’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 3:44 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-054833
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Commissions, transportation and other397,605395,343
Onboard and other151,868138,858
Payroll and related380,216334,504
Fuel168,926175,014
Food80,68275,588
Other198,584184,631
Total cruise operating expense1,377,8811,303,938
Other operating expense

Item 1. Financial Statements

FAQ

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?
This metric represents the total direct costs incurred for marine fuel consumption required to operate the cruise fleet. It captures the volatility of global energy markets and the operational efficiency of the fleet's fuel consumption patterns. As a primary variable cost, it is a critical component of the company's overall cost of goods and services sold.

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