Norwegian Cruise
NCLH
15.05
-0.46
-2.97%
Norwegian Cruise
US · NCLH
#1789 by market cap
Listed 1970
15.05
-0.46
-2.97%
Live - 5344 symbols - heartbeat 208s ago
· 2026-10-08 08:36
Pre-market
14.72
-2.21%
After-hours
15.07
+0.13%
Overnight
14.89
-1.06%
- Market cap
- 6.91B
- P/E (TTM)i
- 9.12
- P/Bi
- 2.69
- EPSi
- 0.92
- Div yieldi
- 0.00%
- 52W posi
- 12%
Reader sentiment
Are you bullish or bearish on NCLH?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.29, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +3.67% YoY
Margins
- Gross margin
- 42.62%
- Operating margin
- 15.88%
- Net margin
- 4.31%
Key ratios & quality
- Enterprise valuei
- 21.31B
- Altman Z-Scorei
- 0.29
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.06B | 6.46B | 1.28B | 647.99M | 4.84B | 8.55B | 9.48B | 9.83B |
| Gross profit | 2.68B | 2.80B | -413.15M | -960.05M | 576.67M | 3.08B | 3.79B | 4.19B |
| Selling & admin expenses | 897.93M | 974.85M | 745.35M | 891.45M | 1.38B | 1.34B | 1.43B | 1.55B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.22B | 1.18B | -1.88B | -2.55B | -1.55B | 930.91M | 1.47B | 1.56B |
| Pretax profit | 969.31M | 911.37M | -4.00B | -4.50B | -2.28B | 163.18M | 772.91M | 428.72M |
| Tax | 14.47M | -18.86M | 12.47M | 5.27M | -6.79M | -3.00M | -137.35M | 5.48M |
| Net profit | 954.84M | 930.23M | -4.01B | -4.51B | -2.27B | 166.18M | 910.26M | 423.25M |
| Basic EPS | 4 | 4 | -16 | -12 | -5 | 0 | 2 | 1 |
| Diluted EPS | 4.25 | 4.30 | -15.75 | -12.33 | -5.41 | 0.39 | 1.89 | 0.92 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.13B | 2.52B | 2.94B | 2.24B | 2.33B | 2.64B |
| Gross profit | 823.62M | 1.06B | 1.38B | 920.88M | 953.34M | 1.05B |
| Selling & admin expenses | 391.38M | 393.05M | 383.00M | 381.37M | 459.68M | 419.20M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 200.94M | 423.84M | 749.45M | 186.64M | 232.94M | 363.33M |
| Pretax profit | -41.44M | 30.63M | 433.64M | 5.89M | 107.66M | 225.96M |
| Tax | -1.14M | 637.00K | 14.34M | -8.36M | 2.99M | 3.40M |
| Net profit | -40.30M | 29.99M | 419.30M | 14.25M | 104.67M | 222.55M |
| Basic EPS | 0 | 0 | 1 | 0 | 0 | 0 |
| Diluted EPS | -0.09 | 0.07 | 0.86 | 0.03 | 0.23 | 0.48 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 550.31M | 730.15M | 3.56B | 3.30B | 1.87B | 1.31B | 1.01B | 1.14B |
| Cash & ST investments | 163.85M | 252.88M | 3.30B | 1.75B | 946.99M | 402.42M | 190.77M | 209.89M |
| Inventory | 90.20M | 95.43M | 82.38M | 118.21M | 148.72M | 157.65M | 149.72M | 138.18M |
| Total assets | 15.21B | 16.68B | 18.40B | 18.73B | 18.56B | 19.49B | 19.97B | 22.54B |
| Total current liabilities | 3.15B | 3.58B | 1.91B | 3.73B | 5.05B | 6.04B | 5.78B | 5.45B |
| Short-term debt | 681.22M | 746.36M | 124.89M | 876.89M | 991.13M | 1.74B | 1.32B | 875.90M |
| Long-term debt | 5.81B | 6.06B | 11.68B | 11.57B | 12.63B | 12.31B | 11.78B | 13.73B |
| Total liabilities | 9,242,969,000.00 | 10,169,020,000.00 | 14,045,212,000.00 | 16,297,187,000.00 | 18,489,103,000.00 | 19,192,183,000.00 | 18,544,372,000.00 | 20,331,513,000.00 |
| Total equity | 5.96B | 6.52B | 4.35B | 2.43B | 68.59M | 300.81M | 1.43B | 2.21B |
| Retained earnings | 2.90B | 3.83B | -295.45M | -4.80B | -7.07B | -6.90B | -5.99B | -5.57B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.15B | 1.17B | 1.04B | 1.14B | 1.31B | 1.27B |
| Cash & ST investments | 184.36M | 184.02M | 166.80M | 209.89M | 185.05M | 218.10M |
| Inventory | 155.71M | 160.56M | 155.51M | 138.18M | 162.72M | 161.30M |
| Total assets | 21.35B | 21.60B | 22.21B | 22.54B | 23.79B | 24.01B |
| Total current liabilities | 6.09B | 6.39B | 5.35B | 5.45B | 6.22B | 6.32B |
| Short-term debt | 1.12B | 1.13B | 876.20M | 875.90M | 1.18B | 1.14B |
| Long-term debt | 12.87B | 12.63B | 13.65B | 13.73B | 13.98B | 13.89B |
| Total liabilities | 19,937,809,000.00 | 20,026,247,000.00 | 20,020,286,000.00 | 20,331,513,000.00 | 21,363,407,000.00 | 21,438,844,000.00 |
| Total equity | 1.42B | 1.57B | 2.19B | 2.21B | 2.43B | 2.57B |
| Retained earnings | -6.03B | -6.00B | -5.58B | -5.57B | -5.46B | -5.24B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.08B | 1.82B | -2.56B | -2.47B | 210.02M | 2.01B | 2.05B | 2.09B |
| Depreciation & amortization | 566.97M | 647.10M | 739.62M | 758.60M | 810.05M | 883.24M | 973.51M | 1.16B |
| Free cash flow | 508.38M | 185.44M | -3.50B | -3.22B | -1.57B | -744.65M | 838.87M | -1.17B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -664.81M | -349.86M | 1.54B | 2.67B | -- | 0 | 0 | 144.96M |
| Ending cash balance | 163.85M | 252.88M | 3.30B | 1.51B | 946.99M | 402.42M | 190.77M | 209.89M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 679.22M | 714.85M | 236.56M | 459.11M | 811.45M | 602.59M |
| Depreciation & amortization | 250.54M | 264.44M | 272.79M | 374.35M | 281.39M | 294.05M |
| Free cash flow | -846.00M | 381.21M | -726.53M | 21.46M | -625.22M | 144.89M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | 81.28M | -316.00K | -- | -- |
| Ending cash balance | 184.36M | 184.02M | 166.80M | 209.89M | 185.05M | 218.10M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 16.30 | 14.91 | -73.83 | -132.81 | -181.50 | 89.97 | 105.46 | 23.29 |
| ROA %i | 6.52 | 5.83 | -22.87 | -24.28 | -12.18 | 0.87 | 4.61 | 1.99 |
| ROIC %i | 9.96 | 8.76 | -25.18 | -19.55 | -10.30 | 5.28 | 10.39 | 8.71 |
| 5-year avg ROE %i | 13.81 | 14.58 | -2.52 | -32.13 | -71.38 | -56.65 | -38.54 | -19.12 |
| EBIT margin %i | 20.47 | 18.33 | -280.31 | -383.37 | -30.46 | 10.42 | 16.04 | 14.06 |
| FCF / sales %i | 8.40 | 2.87 | -- | -- | -- | -- | 8.85 | -- |
| Current ratioi | 0.17 | 0.20 | 1.86 | 0.89 | 0.37 | 0.22 | 0.17 | 0.21 |
| Quick ratioi | 0.07 | 0.09 | 1.74 | 0.78 | 0.25 | 0.11 | 0.07 | 0.09 |
| Debt / assetsi | 42.69 | 40.77 | 64.17 | 66.45 | 73.40 | 72.12 | 65.60 | 64.80 |
| LT debt / equityi | 97.45 | 92.94 | 268.28 | 475.60 | 18,414.08 | 4,093.70 | 826.18 | 621.31 |
| Interest coveragei | 4.58 | 4.34 | -8.70 | -1.23 | -1.84 | 1.22 | 2.03 | 1.45 |
| Revenue CAGR (3Y) %i | 11.70 | 9.86 | -38.10 | -52.52 | -9.16 | 88.33 | 144.57 | 26.60 |
| Net income CAGR (3Y) %i | 30.75 | 13.69 | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | 2.54 | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 95.87 | 63.57 | 39.87 | 23.29 | 29.53 | 36.73 |
| ROA %i | 4.14 | 3.45 | 3.16 | 1.99 | 2.52 | 3.34 |
| ROIC %i | 9.77 | 9.20 | 9.09 | 8.71 | 8.82 | 9.61 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 15.51 | 14.48 | 15.37 | 14.06 | 14.75 | 15.84 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.19 | 0.18 | 0.19 | 0.21 | 0.21 | 0.20 |
| Quick ratioi | 0.07 | 0.07 | 0.08 | 0.09 | 0.07 | 0.08 |
| Debt / assetsi | 65.53 | 63.73 | 65.37 | 64.80 | 63.69 | 62.61 |
| LT debt / equityi | 908.69 | 804.88 | 622.20 | 621.31 | 574.94 | 540.00 |
| Interest coveragei | 1.95 | 1.72 | 1.55 | 1.45 | 1.64 | 1.93 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:36:10 · For reference only, not investment advice and not tailored to your situation.