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Saturday 17 October 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. 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) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a EV/EBITDA of 7.9×. Over the past ten years it has ranged from 0.0× (June 2023) to 32.9× (July 2023); the current reading is higher than 29% of that period. That is below the Travel Services industry median of 13.5× and below the Consumer Cyclical sector median of 9.3×.

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
Jun 2026 8.9× 5.42%
Mar 2026 8.4× (5.85%)
Dec 2025 9.0× (7.65%)
Sep 2025 9.7× 8.53%
42 more quarters

Against its own ten years

Low 0.0× High 32.9×
Ten-year median 9.8×
Current reading's percentile 29

EV/EBITDA against peers

Company EV/EBITDA
CCL Carnival Corporation compare 7.8×
NCLH Norwegian Cruise Line Holdings Ltd. 7.9×
EXPE Expedia Group, Inc. compare 8.5×
TCOM Trip.com Group Limited Sponsored ADR compare 11.3×
PRSU Pursuit Attractions and Hospitality, Inc. compare 13.5×
TNL Travel + Leisure Co. compare 16.2×
VIK Viking Holdings Ltd. compare 20.4×
LIND Lindblad Expeditions compare 22.7×
MMYT MakeMyTrip Limited compare 32.5×
Travel Services industry median 13.5×
Consumer Cyclical sector median 9.3×
Market median 11.0×

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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