Norwegian Cruise Line Holdings Ltd. NCLH

14.61 0.42 2.96% as of 25 Sep
Market cap
$6.6B
P/E
8.7×
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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 June 2026 was 15.1%, down 0.8 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 in line with the Travel Services industry median of 15.1% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

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

Period Operating margin Change (points)
Jun 2026 13.8% 3.77
Mar 2026 9.99% 1.67
Dec 2025 8.32% (17.19)
Sep 2025 25.5% 8.67
42 more quarters

Against its own ten years

Low −393.9% High 20.1%
Ten-year median 15.9%
Current reading's percentile 55

Operating margin against peers

Company Operating margin
PRSU Pursuit Attractions and Hospitality, Inc. compare 17.5%
CCL Carnival Corporation compare 16.4%
TCOM Trip.com Group Limited Sponsored ADR compare 16.1%
EXPE Expedia Group, Inc. compare 16.0%
NCLH Norwegian Cruise Line Holdings Ltd. 15.1%
MMYT MakeMyTrip Limited compare 15.0%
TNL Travel + Leisure Co. compare 13.7%
LIND Lindblad Expeditions compare 6.99%
GBTG Global Business Travel Group, Inc. compare 2.14%
Travel Services industry median 15.1%
Consumer Cyclical sector median 3.34%
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

The full definition of Operating margin →

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