Norwegian Cruise Line Holdings (NCLH) Key Ratios
$14.85
As on 09-Sep-2026 16:29EDT
Market cap
$7,150 Mln
Revenue (TTM)
$10,154 Mln
P/E Ratio
9.4
P/B Ratio
2.8
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 13.27 | 4.89 | 6.21 | 12.34 | 236.42 |
| EBIT | 106.43 | 99.44 | 16.11 | 114.98 | 21.69 |
| Net Profit | 112.63 | 642.04 | 5.78 | 42.50 | 17.26 |
| EPS | 113.65 | 609.97 | 13.75 | 40.54 | 16.46 |
| Book Value | -- | -- | 74.80 | 209.15 | -20.15 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 17.84 | -70.34 | 15.04 | 27.05 | 16.04 |
| Net Margin
| -- | -583.80 | 7.49 | -- | -- |
| Return on equity
| 72.91 | -19.12 | 31.81 | 23.29 | 105.46 |
| Return on Capital
| 3.32 | -7.00 | -- | 2.63 | 6.13 |
| Return on Assets
| 2.49 | -5.79 | 2.61 | 1.99 | 4.61 |
| Debt to Equity (x)
| -- | -- | 5.40 | 6.61 | 9.76 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
2.63
|
6.13
|
1.18
|
-15.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
31.81
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
31.81
|
23.29
|
105.46
|
89.97
|
-181.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
2.61
--
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
2.61
|
1.99
|
4.61
|
0.87
|
-12.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
15.04
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
15.04
|
27.05
|
16.04
|
10.42
|
-30.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
7.49
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
7.49
|
4.31
|
9.60
|
1.94
|
-46.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.21
--
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
6.21
|
0.04
|
0.11
|
0.77
|
6.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
16.11
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
16.11
|
74.91
|
70.67
|
160.38
|
39.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
5.78
--
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
5.78
|
-53.50
|
447.76
|
107.32
|
49.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
13.75
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
13.75
|
-0.48
|
3.50
|
1.07
|
0.53
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Book Value Growth
56.84
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
56.84
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
5.40
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
5.40
|
6.61
|
9.76
|
46.74
|
198.59
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.44
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
0.44
|
0.40
|
0.95
|
5.80
|
14.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.20
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
0.20
|
0.21
|
0.17
|
0.22
|
0.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
0.17
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
0.17
|
0.18
|
0.15
|
0.19
|
0.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
1.93
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
1.93
|
1.19
|
2.03
|
1.22
|
-1.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
2.73
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
2.73
|
2.97
|
2.34
|
3.28
|
6.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.35
--
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
0.35
|
0.46
|
0.48
|
0.45
|
0.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
9.53
|
9.66
|
12.96
|
56.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
7.86
|
9.87
|
10.23
|
11.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
9.31
|
11.09
|
13.46
|
19.77
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
8.09
|
8.44
|
9.73
|
47.97
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
9.44
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
9.44
|
24.23
|
14.65
|
51.30
|
-2.27
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Price / Book Value
2.78
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
2.78
|
4.64
|
9.35
|
28.34
|
75.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
7.76
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
7.76
|
6.48
|
10.85
|
12.50
|
-26.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
7,150
--
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Norwegian Cruise Line Holdings (NCLH)
|
7,150
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|