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.
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Norwegian Cruise Line Holdings Ltd. (NCLH) 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× (October 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 |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
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 | 3.2× |
| EXPE Expedia Group, Inc. compare | 7.8× |
| TNL Travel + Leisure Co. compare | 8.9× |
| CCL Carnival Corporation compare | 11.1× |
| LIND Lindblad Expeditions compare | 20.7× |
| VIK Viking Holdings Ltd. compare | 32.3× |
| MMYT MakeMyTrip Limited compare | 39.6× |
| Travel Services industry median | 11.4× |
| Consumer Cyclical sector median | 13.0× |
| Market median | 14.2× |
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)))
More on NCLH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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