stockrowNorwegian 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
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Norwegian Cruise Line Holdings Ltd. (NCLH) Operating margin
Norwegian Cruise Line Holdings Ltd.'s operating margin over the twelve months to 30 September 2026 was 13.9%, down 2.0 percentage points from fiscal 2025 (15.9%). Over the past ten years it has ranged from −393.9% (fiscal 2021) to 20.1% (fiscal 2018); the current reading is higher than 55% of that period. That is below the Travel Services industry median of 15.6% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 15.9% | 0.42 |
| FY2024 | 15.5% | 4.57 |
| FY2023 | 10.9% | 42.93 |
| FY2022 | −32.0% | 361.85 |
| FY2021 | −393.9% | (121.67) |
| FY2020 | −272.2% | (290.45) |
| FY2019 | 18.2% | (1.90) |
| FY2018 | 20.1% | 0.69 |
| FY2017 | 19.4% | 0.45 |
| FY2016 | 19.0% | 2.82 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 21.2% | 7.43 |
| Jun 2026 | 13.8% | 3.77 |
| Mar 2026 | 9.99% | 1.67 |
| Dec 2025 | 8.32% | (17.19) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| VIK Viking Holdings Ltd. compare | 23.3% |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 17.5% |
| EXPE Expedia Group, Inc. compare | 17.2% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 16.1% |
| CCL Carnival Corporation compare | 16.0% |
| MMYT MakeMyTrip Limited compare | 15.2% |
| NCLH Norwegian Cruise Line Holdings Ltd. | 13.9% |
| TNL Travel + Leisure Co. compare | 13.0% |
| LIND Lindblad Expeditions compare | 7.54% |
| Travel Services industry median | 15.6% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- 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
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