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

17.83 0.07 +0.39%
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

Norwegian Cruise Line Holdings Ltd. (NCLH) Price to free cash flow

Alert me on Price to free cash flow

Norwegian Cruise Line Holdings Ltd. has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 313× (August 2017) — the current reading is the lowest in ten years.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 0.0× —
FY2024 13.4× —
FY2023 0.0× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 67.7× 264.09%
FY2018 18.6× (66.02%)
FY2017 54.7× (3.15%)
FY2016 56.5× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 313×
Ten-year median 0.0×
Current reading's percentile 62

Price to free cash flow against peers

Company Price to free cash flow
PRSU Pursuit Attractions and Hospitality, Inc. compare n/m
NCLH Norwegian Cruise Line Holdings Ltd. n/m
TCOM Trip.com Group Limited Sponsored ADR compare 3.5×
EXPE Expedia Group, Inc. compare 8.8×
TNL Travel + Leisure Co. compare 10.8×
CCL Carnival Corporation compare 12.6×
LIND Lindblad Expeditions compare 21.5×
VIK Viking Holdings Ltd. compare 33.5×
MMYT MakeMyTrip Limited compare 42.9×
Travel Services industry median 13.1×
Consumer Cyclical sector median 12.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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