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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

17.76 0.84 −4.52%
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/Sales

Alert me on EV/Sales

As of 5 November 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) trades at a EV/Sales of 2.3×. Over the past ten years it has ranged from 1.3× (March 2020) to 868× (July 2021); the current reading is higher than 7% of that period. That is below the Travel Services industry median of 3.3× and above the Consumer Cyclical sector median of 1.0×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 2.5× (2.35%)
FY2024 2.5× 1.46%
FY2023 2.5× (31.22%)
FY2022 3.6× (87.08%)
FY2021 28.2× 140.97%
FY2020 11.7× 296.03%
FY2019 3.0× 13.42%
FY2018 2.6× (24.65%)
FY2017 3.5× 5.45%
FY2016 3.3× (27.13%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 2.1× (12.10%)
Jun 2026 2.4× 2.99%
Mar 2026 2.3× (5.64%)
Dec 2025 2.5× (5.46%)
43 more quarters

Against its own ten years

Low 1.3× High 868×
Ten-year median 3.2×
Current reading's percentile 8

EV/Sales against peers

Company EV/Sales
EXPE Expedia Group, Inc. compare 1.9×
TCOM Trip.com Group Limited Sponsored ADR compare 2.1×
NCLH Norwegian Cruise Line Holdings Ltd. 2.3×
CCL Carnival Corporation compare 2.3×
TNL Travel + Leisure Co. compare 2.9×
LIND Lindblad Expeditions compare 3.3×
PRSU Pursuit Attractions and Hospitality, Inc. compare 3.5×
MMYT MakeMyTrip Limited compare 5.3×
VIK Viking Holdings Ltd. compare 5.9×
Travel Services industry median 3.3×
Consumer Cyclical sector median 1.0×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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