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
+4.89%
EPS
+585.7%
Free cash flow
−62.0%
Total debt
+9.24%

Quarter to June 2026, against a year earlier

17.57 0.65 −3.57%
Market cap
$8.4B
P/E
10.5×
Fwd P/E
11.1×
Dividend yield
—
F-score
5/9
Altman Z
0.38
Beneish M
−2.59
Dividend safety
n/a

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

Alert me on EV/FCF

As of 30 October 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a EV/FCF of −19.3×. Over the past ten years it has ranged from −245× (December 2015) to 462× (August 2017); the current reading is higher than 35% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 −20.9× —
FY2024 28.7× —
FY2023 −28.8× —
FY2022 −11.2× —
FY2021 −5.7× —
FY2020 −4.3× —
FY2019 103× 231.86%
FY2018 31.0× (61.91%)
FY2017 81.5× (12.34%)
FY2016 93.0× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 −20.7× —
Mar 2026 −24.8× —
Dec 2025 −20.9× —
Sep 2025 −24.6× —
42 more quarters

Against its own ten years

Low −245× High 462×
Ten-year median −5.8×
Current reading's percentile 35

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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