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.
Follow NCLH
Norwegian Cruise Line Holdings Ltd. (NCLH) Net margin
Norwegian Cruise Line Holdings Ltd.'s net margin over the twelve months to 30 June 2026 was 7.49%, up 3.2 percentage points from fiscal 2025 (4.31%). Over the past ten years it has ranged from −695.5% (fiscal 2021) to 15.8% (fiscal 2018); the current reading is higher than 45% of that period. That is in line with the Travel Services industry median of 7.49% and above the Consumer Cyclical sector median of 1.67%.
Net margin, annual
Embed this chart
Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 4.31% | (5.29) |
| FY2024 | 9.60% | 7.66 |
| FY2023 | 1.94% | 48.80 |
| FY2022 | −46.9% | 648.62 |
| FY2021 | −695.5% | (381.98) |
| FY2020 | −313.5% | (327.89) |
| FY2019 | 14.4% | (1.38) |
| FY2018 | 15.8% | 1.69 |
| FY2017 | 14.1% | 1.09 |
| FY2016 | 13.0% | 3.16 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 8.43% | 3.94 |
| Mar 2026 | 4.49% | 3.85 |
| Dec 2025 | 0.64% | (13.63) |
| Sep 2025 | 14.3% | 13.08 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| TCOM Trip.com Group Limited Sponsored ADR compare | 36.4% |
| VIK Viking Holdings Ltd. compare | 19.3% |
| EXPE Expedia Group, Inc. compare | 13.0% |
| CCL Carnival Corporation compare | 11.4% |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 7.94% |
| NCLH Norwegian Cruise Line Holdings Ltd. | 7.49% |
| TNL Travel + Leisure Co. compare | 5.79% |
| MMYT MakeMyTrip Limited compare | 3.23% |
| LIND Lindblad Expeditions compare | −2.44% |
| Travel Services industry median | 7.49% |
| Consumer Cyclical sector median | 1.67% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on NCLH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- 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