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Norwegian Cruise Line Holdings Ltd. NCLH Return on invested capital

Return on invested capital at other companies

Carnival Corporation logo
Carnival CorporationCCL
11.5%+1.7pp
Royal Caribbean Group logo
Royal Caribbean GroupRCL
24.2%-31.9pp
OneSpaWorld Holdings Limited logo
OneSpaWorld Holdings LimitedOSW
13.2%+1.1pp
MarineMax logo
MarineMaxHZO
3.4%+1.1pp

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

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

Based on trailing twelve months.

The source filing: Norwegian Cruise Line Holdings Ltd.’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 6:50 AM EDT
Accession
0001171843-26-005050

FAQ

What is Norwegian Cruise Line Holdings Ltd.'s return on invested capital?
Norwegian Cruise Line Holdings Ltd. (NCLH) reported return on invested capital of 9.4% in Q2 2026.
How has Norwegian Cruise Line Holdings Ltd.'s return on invested capital changed year-over-year?
Norwegian Cruise Line Holdings Ltd.'s return on invested capital decreased by 11.7% year-over-year, from 10.7% to 9.4%.
What is the long-term trend for Norwegian Cruise Line Holdings Ltd.'s return on invested capital?
Over 5 years (2020 to 2025), Norwegian Cruise Line Holdings Ltd.'s return on invested capital has grown at a -18.4% compound annual growth rate (CAGR), from -26.4% to 9.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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