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Norwegian Cruise Line Holdings Ltd.

NCLH Consumer Cyclical Travel Services

Norwegian Cruise Line Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $9.8 billion, up 3.67% from fiscal 2024. In the quarter to June 2026, revenue grew 4.89%, EPS grew 585.7%, free cash flow fell 62.0% and total debt rose 9.24%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

15.05 0.34 −2.21%
Market cap
$7.1B
P/E
9.0×
Fwd P/E
12.6×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Norwegian Cruise Line Holdings Ltd. (NCLH) EBITDA

Alert me on EBITDA

Norwegian Cruise Line Holdings Ltd.'s EBITDA for fiscal 2025 was $2.7B, up 11.6% from $2.4B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.8B. Over the past ten years it has ranged from −$2.7B (fiscal 2020) to $2.7B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 5 consecutive fiscal years. Norwegian Cruise Line Holdings Ltd. ranks 5th of 17 Travel Services companies by EBITDA.

EBITDA, annual

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Annual newest first

Period EBITDA Change
FY2025 $2.7B 11.62%
FY2024 $2.4B 34.47%
FY2023 $1.8B —
FY2022 −$741.7M —
FY2021 −$1.8B —
FY2020 −$2.7B —
FY2019 $1.8B 2.19%
FY2018 $1.8B 13.74%
FY2017 $1.6B 14.53%
FY2016 $1.4B 18.93%

Quarterly newest first

Period EBITDA Change
Jun 2026 $657.4M 27.81%
Mar 2026 $514.3M (8.32%)
Dec 2025 $561.0M (45.12%)
Sep 2025 $1.0B 48.52%
42 more quarters

Against its own ten years

Low −$2.7B High $2.7B
Ten-year median $1.6B
Current reading's percentile 100

EBITDA against peers

Company EBITDA
CCL Carnival Corporation compare $7.4B
EXPE Expedia Group, Inc. compare $3.8B
NCLH Norwegian Cruise Line Holdings Ltd. $2.8B
VIK Viking Holdings Ltd. compare $1.9B
TCOM Trip.com Group Limited Sponsored ADR compare $1.5B
TNL Travel + Leisure Co. compare $687.0M
MMYT MakeMyTrip Limited compare $159.3M
LIND Lindblad Expeditions compare $132.2M
PRSU Pursuit Attractions and Hospitality, Inc. compare $127.8M

What EBITDA is

EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.

Reported line item

The full definition of EBITDA →

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