Norwegian Cruise Line/$NCLH
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Capital at risk
About Norwegian Cruise Line
Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 75,000). It operates 35 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet after the pandemic as of May 2022. With 16 passenger vessels on order among its brands through 2037, representing 43,000 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
- Ticker
- $NCLH
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 44,500
- Headquarters
- Miami, United States
- Website
- www.nclhltd.com
NCLH Metrics
BasicAdvanced
$6.6B
9.00
$1.59
1.90
-
Price and volume
Market cap
$6.6B
Beta
1.9
52-week high
$26.09
52-week low
$14.19
Average daily volume
14M
Financial strength
Current ratio
0.2
Quick ratio
0.078
Long term debt to equity
5.876
Total debt to equity
6.211
Interest coverage (TTM)
2.28%
Profitability
EBITDA (TTM)
2,594.192
Gross margin (TTM)
42.46%
Net profit margin (TTM)
7.49%
Operating margin (TTM)
15.28%
Effective tax rate (TTM)
1.60%
Revenue per employee (TTM)
$230,000
Management effectiveness
Return on assets (TTM)
4.25%
Return on equity (TTM)
36.73%
Valuation
Price to earnings (TTM)
9.003
Price to revenue (TTM)
0.641
Price to book
2.55
Price to tangible book (TTM)
3.39
Price to free cash flow (TTM)
-5.488
Free cash flow yield (TTM)
-18.22%
Free cash flow per share (TTM)
-2.602
Growth
Revenue change (TTM)
6.21%
Earnings per share change (TTM)
2.98%
3-year revenue growth (CAGR)
12.34%
10-year revenue growth (CAGR)
8.27%
3-year earnings per share growth (CAGR)
-7.67%
10-year earnings per share growth (CAGR)
-3.31%
What the Analysts think about NCLH
Analyst ratings (Buy, Hold, Sell) for Norwegian Cruise Line stock.
Analyst projections of the future price of Norwegian Cruise Line stock.
Bulls say / Bears say
Norwegian delivered adjusted Q2 2026 EPS of $0.48, beating the $0.38 consensus by ~26% and demonstrating stronger profitability per capacity day. (Investing.com)
Disciplined cost-saving initiatives have generated over $500 million in cumulative annualized run-rate savings since 2024—$125 million in Q1 and an additional $100 million in Q2—enabling sub-inflationary net cruise costs (ex fuel). (SEC) (Earnings call transcript)
NCLH has 16 ships on order through 2037, adding ~43 000 berths—financed 80% by export‐credit facilities—positioning its capacity growth ahead of peers and supporting long-term revenue expansion. (NCLH Investor Info)
Q2 revenue of $2.6 billion fell short of the $2.65 billion consensus estimate and management cut full-year 2026 adjusted EPS guidance to ~$1.50 versus analysts’ $1.67, signaling persistent demand weakness. (Investing.com)
Bookings for the next 12 months remain below optimal at the Norwegian Cruise Line brand due to company-specific execution challenges and the ongoing Middle East conflict, highlighting exposure to geopolitical risk. (Nasdaq)
Net debt stood at $14.8 billion as of June 30, 2026, and Mizuho’s recent downgrade cited rising leverage—potentially above 7× EBITDA—as a funding shortfall risk for upcoming ship deliveries. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 26 Aug 2026.
NCLH Financial Performance
Revenues and expenses
NCLH Earnings Performance
Company profitability
Upcoming events
No upcoming events
NCLH News
AllArticlesVideos
Funds containing NCLH
AllEURGBPUSD
Fund name | Fund size | $NCLH weighting |
|---|---|---|
iShares S&P 500 Equal Weight€O4J0 | €4.3B | 0.16% |
iShares S&P 500 Equal Weight£EWSP | £3.7B | 0.16% |
iShares S&P 500 Consumer Discretionary Sector£ICDU | £555M | 0.14% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.12% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.12% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

