Norwegian Cruise Line/$NCLH
1D1W1M3M6MYTD1Y5YMAX
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
$8.4B
10.19
$1.79
-
-
Price and volume
Market cap
$8.4B
52-week high
$25.13
52-week low
$13.63
Average daily volume
22M
Financial strength
Current ratio
0.225
Quick ratio
0.087
Long term debt to equity
4.431
Total debt to equity
4.791
Interest coverage (TTM)
3.47%
Profitability
EBITDA (TTM)
2,490.555
Gross margin (TTM)
41.40%
Net profit margin (TTM)
8.20%
Operating margin (TTM)
13.85%
Effective tax rate (TTM)
-1.07%
Revenue per employee (TTM)
$230,000
Management effectiveness
Return on assets (TTM)
3.80%
Return on equity (TTM)
31.18%
Valuation
Price to earnings (TTM)
10.188
Price to revenue (TTM)
0.82
Price to book
2.66
Price to tangible book (TTM)
3.33
Price to free cash flow (TTM)
-14.777
Free cash flow yield (TTM)
-6.77%
Free cash flow per share (TTM)
-1.233
Growth
Revenue change (TTM)
4.85%
Earnings per share change (TTM)
27.98%
3-year revenue growth (CAGR)
7.93%
10-year revenue growth (CAGR)
7.82%
3-year earnings per share growth (CAGR)
53.39%
10-year earnings per share growth (CAGR)
-3.77%
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 beat Q3 guidance, delivering $937 million of adjusted EBITDA and $1.12 of adjusted EPS, then raised its 2026 forecasts to $2.55 billion of adjusted EBITDA and $1.70 of adjusted EPS. This shows earnings are holding up better than management had expected. (Norwegian Cruise Line Holdings)
Management expects net yields to grow 1% to 2% in 2027, with pricing ahead of last year and second-half bookings in line with the prior-year position. Better revenue management and earlier base-loading could help restore pricing as the changes take effect. (Norwegian Cruise Line Holdings)
The company identified another roughly $100 million of annualised savings, while Q3 unit costs excluding fuel fell 2.3% year on year on a constant-currency basis. Sustained savings and cost discipline could support margins while yields recover. (Norwegian Cruise Line Holdings, Norwegian Cruise Line Holdings)
Forward trading remains weak: the booked position for the next 12 months is below the company’s optimal range, and 2026 net yields are expected to fall 4.4%, including a roughly 6.5% decline in Q4. Near-term earnings therefore depend on the turnaround reversing demand and pricing pressure. (Norwegian Cruise Line Holdings)
The balance sheet remains a constraint, with $15.1 billion of total debt and net leverage of 5.5 times at Q3. The recent refinancing extended maturities but included $950 million of notes at 8.75%, replacing debt that carried a 6.125% coupon. (Norwegian Cruise Line Holdings, SEC)
Fleet growth still requires substantial investment: 2027 gross newbuild and growth capital expenditure is forecast at about $3.1 billion, or $1.1 billion net of expected export-credit financing. With 16 ships on order, this spending could slow debt reduction even if operating cash flow improves. (Norwegian Cruise Line Holdings, SEC)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.
NCLH Financial Performance
Revenues and expenses
NCLH Earnings Performance
Company profitability
Upcoming events
No upcoming events
NCLH News
AllArticlesVideos
Funds containing NCLH
AllUSDEURGBP
Fund name | Fund size | $NCLH weighting |
|---|---|---|
Xtrackers S&P 500 Equal Weight£XDWE | $16B | 0.21% |
Xtrackers S&P 500 Equal Weight$XDEW | $16B | 0.21% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.21% |
iShares S&P 500 Equal Weight€O4J0 | $5.1B | 0.21% |
iShares S&P 500 Equal Weight£EWSP | $5.1B | 0.21% |
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.