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) Return on equity
Norwegian Cruise Line Holdings Ltd.'s return on equity over the twelve months to 30 June 2026 was 36.7%, up 13.4 percentage points from fiscal 2025 (23.3%). Over the past ten years it has ranged from −181.5% (fiscal 2022) to 105.5% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Travel Services industry median of 8.82% and above the Consumer Cyclical sector median of 3.64%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 23.3% | (82.17) |
| FY2024 | 105.5% | 15.49 |
| FY2023 | 90.0% | 271.47 |
| FY2022 | −181.5% | (48.69) |
| FY2021 | −132.8% | (58.98) |
| FY2020 | −73.8% | (88.74) |
| FY2019 | 14.9% | (1.39) |
| FY2018 | 16.3% | 1.53 |
| FY2017 | 14.8% | (0.45) |
| FY2016 | 15.2% | 3.52 |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| MMYT MakeMyTrip Limited compare | 2,808.0% |
| VIK Viking Holdings Ltd. compare | 194.5% |
| EXPE Expedia Group, Inc. compare | 89.4% |
| NCLH Norwegian Cruise Line Holdings Ltd. | 36.7% |
| CCL Carnival Corporation compare | 24.0% |
| LIND Lindblad Expeditions compare | 8.82% |
| PRSU Pursuit Attractions and Hospitality, Inc. compare | 6.24% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 0.00% |
| TNL Travel + Leisure Co. compare | −25.3% |
| Travel Services industry median | 8.82% |
| Consumer Cyclical sector median | 3.64% |
| Market median | 1.35% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (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
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- 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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- The full statement