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

17.76 0.84 −4.52%
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) Return on equity

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Norwegian Cruise Line Holdings Ltd.'s return on equity over the twelve months to 30 September 2026 was 31.2%, up 7.9 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 1.26% and above the Consumer Cyclical sector median of 3.20%.

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

Low −181.5% High 105.5%
Ten-year median 14.9%
Current reading's percentile 82

Return on equity against peers

Company Return on equity
VIK Viking Holdings Ltd. compare 194.5%
EXPE Expedia Group, Inc. compare 76.5%
NCLH Norwegian Cruise Line Holdings Ltd. 31.2%
CCL Carnival Corporation compare 24.0%
PRSU Pursuit Attractions and Hospitality, Inc. compare 6.24%
TCOM Trip.com Group Limited Sponsored ADR compare 0.00%
LIND Lindblad Expeditions compare −1.88%
TNL Travel + Leisure Co. compare −25.6%
MMYT MakeMyTrip Limited compare −162.4%
Travel Services industry median 1.26%
Consumer Cyclical sector median 3.20%
Market median 0.51%

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)

The full definition of Return on equity →

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