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Operating margin at other companies

Carnival Corporation logo
Carnival CorporationCCL
16.9%+1.7pp
Royal Caribbean Group logo
Royal Caribbean GroupRCL
27.9%+2.2pp

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
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

Calculated from Norwegian Cruise Line Holdings Ltd.’s reported figures.

Based on trailing twelve months.

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 operating margin?
Norwegian Cruise Line Holdings Ltd. (NCLH) reported operating margin of 15.9% in Q1 2026.
How has Norwegian Cruise Line Holdings Ltd.'s operating margin changed year-over-year?
Norwegian Cruise Line Holdings Ltd.'s operating margin increased by 3.2% year-over-year, from 15.4% to 15.9%.
What is the long-term trend for Norwegian Cruise Line Holdings Ltd.'s operating margin?
Over 5 years (2020 to 2025), Norwegian Cruise Line Holdings Ltd.'s operating margin has grown at a -43.3% compound annual growth rate (CAGR), from -272.2% to 15.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.