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.
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Norwegian Cruise Line Holdings Ltd. (NCLH) EV/FCF
As of 9 October 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a EV/FCF of −18.5×. 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 | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| PRSU Pursuit Attractions and Hospitality, Inc. compare | −307× |
| NCLH Norwegian Cruise Line Holdings Ltd. | −18.5× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 2.1× |
| EXPE Expedia Group, Inc. compare | 6.9× |
| CCL Carnival Corporation compare | 18.4× |
| TNL Travel + Leisure Co. compare | 24.3× |
| LIND Lindblad Expeditions compare | 28.3× |
| VIK Viking Holdings Ltd. compare | 33.4× |
| MMYT MakeMyTrip Limited compare | 43.8× |
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))
More on NCLH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement