What are Norwegian Cruise Line Holdings Ltd.'s profit margins?

Norwegian Cruise Line Holdings Ltd. (NCLH) runs a 43.0% gross margin and a 15.9% operating margin, with a 5.7% net margin.

Where do Norwegian Cruise Line Holdings Ltd.'s ratios come from?

Every ratio is computed from Norwegian Cruise Line Holdings Ltd.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Norwegian Cruise Line Holdings Ltd. NCLH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	42.6%+2.6pp	40%+4.0pp	36%+24.1pp	11.9%+160pp
Operating margin	15.9%+0.4pp	15.5%+4.6pp	10.9%+42.9pp	-32%+362pp
Net margin	4.3%-5.3pp	9.6%—	——	-46.9%+649pp
EBITDA margin	27.7%+2.0pp	25.7%+4.5pp	21.2%+36.5pp	-15.3%+262pp
Returns
Return on equity	23.3%-82.2pp	105.5%—	——	-181.5%-48.7pp
Return on assets	2%-2.6pp	4.6%—	——	-12.2%+12.1pp
Return on invested capital	9.6%-0.3pp	9.8%+3.2pp	6.7%+18.0pp	-11.3%+7.5pp
Efficiency
Asset turnover	0.5×0.0×	0.5×0.0×	0.4×+0.2×	0.3×+0.2×
Inventory turnover	39.2×+2.2×	37×+1.3×	35.7×+3.7×	32×+15.9×
Liquidity
Current ratio	0.2×0.0×	0.2×0.0×	0.2×-0.2×	0.4×-0.5×
Quick ratio	0.2×0.0×	0.1×0.0×	0.2×-0.1×	0.3×-0.5×
Cash ratio	0×0.0×	0×0.0×	0.1×-0.1×	0.2×-0.2×
Leverage
Debt-to-equity	7×-2.7×	9.8×-39.2×	49×-159×	207.7×+202×
Debt-to-assets	0.7×0.0×	0.7×-0.1×	0.8×0.0×	0.8×+0.1×
Net debt / EBITDA	5.6×0.0×	5.6×-2.3×	7.9×—	——
Per Share
Book value per share	$4.63+67.1%	$2.77+293%	$0.70+331%	$0.16-97.5%
Valuation
Market capitalization	$10.16B-10.2%	$11.31B+32.7%	$8.53B+65.3%	$5.16B-40.3%
Enterprise value	$25.49B+1.8%	$25.04B+9.6%	$22.85B+23.8%	$18.46B-9.1%
Price / earnings	24×+11.6×	12.4×—	——	——
Price / sales	1×-0.2×	1.2×+0.2×	1×-0.1×	1.1×-12.3×
Price / book	4.6×-3.3×	7.9×-20.4×	28.3×-46.9×	75.2×+71.6×
EV / EBITDA	9.4×-0.9×	10.3×-2.3×	12.6×—	——
EV / sales	2.6×0.0×	2.6×0.0×	2.7×-1.1×	3.8×-27.5×
Earnings yield	4.2%-3.9pp	8%—	——	-44%+8.1pp

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Questions, answered.

What are Norwegian Cruise Line Holdings Ltd.'s profit margins?: Norwegian Cruise Line Holdings Ltd. (NCLH) runs a 43.0% gross margin and a 15.9% operating margin, with a 5.7% net margin.
Where do Norwegian Cruise Line Holdings Ltd.'s ratios come from?: Every ratio is computed from Norwegian Cruise Line Holdings Ltd.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.