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Friday 6 November 2026 Export NCLH’s income statement to Excel — free account

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.

Revenue
+0.29%
EPS
+15.1%
Free cash flow
+85.5%
Total debt
+3.89%

Quarter to September 2026, against a year earlier

17.74 0.02 −0.11%
Market cap
$8.2B
P/E
9.8×
Fwd P/E
11.1×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Norwegian Cruise Line Holdings Ltd. (NCLH) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a EV/EBITDA of 8.6×. Over the past ten years it has ranged from 0.0× (June 2023) to 32.9× (July 2023); the current reading is higher than 33% of that period. That is below the Travel Services industry median of 13.3× and below the Consumer Cyclical sector median of 9.8×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 9.0× (9.31%)
FY2024 9.9× (16.34%)
FY2023 11.8× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 10.5× 18.45%
FY2018 8.8× (25.66%)
FY2017 11.9× 1.93%
FY2016 11.7× (31.27%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 8.1× (9.13%)
Jun 2026 8.9× 5.42%
Mar 2026 8.4× (5.85%)
Dec 2025 9.0× (7.65%)
43 more quarters

Against its own ten years

Low 0.0× High 32.9×
Ten-year median 9.8×
Current reading's percentile 33

EV/EBITDA against peers

Company EV/EBITDA
EXPE Expedia Group, Inc. compare 8.2×
CCL Carnival Corporation compare 8.5×
NCLH Norwegian Cruise Line Holdings Ltd. 8.6×
TCOM Trip.com Group Limited Sponsored ADR compare 12.8×
PRSU Pursuit Attractions and Hospitality, Inc. compare 13.3×
TNL Travel + Leisure Co. compare 17.9×
LIND Lindblad Expeditions compare 20.2×
VIK Viking Holdings Ltd. compare 21.1×
MMYT MakeMyTrip Limited compare 34.8×
Travel Services industry median 13.3×
Consumer Cyclical sector median 9.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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