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Norwegian Cruise Line (NCLH) Financials

Norwegian Cruise Line logo
$16.30 0.00 (-0.01%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$16.32 +0.02 (+0.13%)
As of 05/22/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Norwegian Cruise Line

Annual Income Statements for Norwegian Cruise Line

This table shows Norwegian Cruise Line's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 427 633 760 955 930 -4,013 -4,507 -2,270 166 910 423
Consolidated Net Income / (Loss)		 427 633 760 955 930 -4,013 -4,507 -2,270 166 910 423
Net Income / (Loss) Continuing Operations		 427 633 760 955 930 -4,013 -4,507 -2,270 166 910 423
Total Pre-Tax Income 		434 640 771 969 911 -4,000 -4,501 -2,277 163 773 429
Total Operating Income		 702 925 1,049 1,219 1,178 -3,484 -2,552 -1,552 931 1,466 1,561
Total Gross Profit		 1,690 2,024 2,333 2,678 2,799 -413 -960 577 3,081 3,791 4,188
Total Revenue		 4,345 4,874 5,396 6,055 6,462 1,280 648 4,844 8,550 9,480 9,828
Operating Revenue		 4,345 4,874 5,396 6,055 6,462 1,280 648 4,844 8,550 9,480 9,828
Total Cost of Revenue		 2,655 2,850 3,064 3,377 3,663 1,693 1,608 4,267 5,469 5,689 5,639
Operating Cost of Revenue		 2,243 2,850 3,064 3,377 3,663 1,693 1,608 4,267 5,469 5,689 5,639
Total Operating Expenses		 987 1,099 1,284 1,459 1,621 3,071 1,592 2,128 2,150 2,325 2,628
Selling, General & Admin Expense		 555 666 774 898 975 745 891 1,379 1,342 1,435 1,549
Depreciation Expense		 432 432 510 561 646 718 701 749 809 890 1,079
Total Other Income / (Expense), net		 -269 -285 -278 -250 -267 -516 -1,949 -725 -768 -693 -1,132
Interest Expense		 222 277 268 270 273 482 2,073 802 728 747 954
Other Income / (Expense), net		 -47 -8.30 -10 21 6.16 -34 124 77 -40 54 -179
Income Tax Expense		 6.77 7.22 11 14 -19 12 5.27 -6.79 -3.00 -137 5.48
Basic Earnings per Share		 $1.89 $2.79 $3.33 $4.28 $4.33 ($15.75) ($12.33) ($5.41) $0.39 $2.09 $0.94
Weighted Average Basic Shares Outstanding		 226.59M 227.12M 228.04M 223.00M 214.93M 254.73M 365.45M 419.77M 424.42M 435.28M 448.54M
Diluted Earnings per Share		 $1.86 $2.78 $3.31 $4.25 $4.30 ($15.75) ($12.33) ($5.41) $0.39 $1.89 $0.92
Weighted Average Diluted Shares Outstanding		 230.04M 227.85M 229.42M 224.42M 216.48M 254.73M 365.45M 419.77M 427.40M 515.03M 477.74M
Weighted Average Basic & Diluted Shares Outstanding		 226M 227.32M 228.20M 217.73M 213.20M 315.74M 417.09M 421.93M 425.66M 439.94M 455.55M

Quarterly Income Statements for Norwegian Cruise Line

This table shows Norwegian Cruise Line's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 346 -106 17 163 475 255 -40 30 419 14 105
Consolidated Net Income / (Loss)		 346 -106 17 163 475 255 -40 30 419 14 105
Net Income / (Loss) Continuing Operations		 346 -106 17 163 475 255 -40 30 419 14 105
Total Pre-Tax Income 		354 -108 18 165 482 108 -41 31 434 5.89 108
Total Operating Income		 523 124 218 342 691 215 201 424 749 187 233
Total Gross Profit		 1,053 665 804 918 1,268 802 824 1,061 1,383 921 953
Total Revenue		 2,536 1,986 2,191 2,372 2,807 2,109 2,128 2,517 2,938 2,244 2,331
Operating Revenue		 2,536 1,986 2,191 2,372 2,807 2,109 2,128 2,517 2,938 2,244 2,331
Total Cost of Revenue		 1,483 1,322 1,387 1,455 1,539 1,308 1,304 1,457 1,555 1,324 1,378
Operating Cost of Revenue		 1,483 1,322 1,387 1,455 1,539 1,308 1,304 1,457 1,555 1,324 1,378
Total Operating Expenses		 530 540 585 576 576 587 623 637 634 734 720
Selling, General & Admin Expense		 325 328 362 354 358 361 391 393 383 381 460
Depreciation Expense		 205 212 223 222 218 226 231 244 251 353 261
Total Other Income / (Expense), net		 -169 -233 -200 -177 -209 -107 -242 -393 -316 -181 -125
Interest Expense		 181 197 218 178 175 175 218 237 329 170 166
Other Income / (Expense), net		 12 -35 18 1.90 -34 68 -25 -156 13 -11 41
Income Tax Expense		 8.31 -1.83 1.00 1.55 6.92 -147 -1.14 0.64 14 -8.36 2.99
Basic Earnings per Share		 $0.81 ($0.24) $0.04 $0.38 $1.08 $0.59 ($0.09) $0.07 $0.93 $0.03 $0.23
Weighted Average Basic Shares Outstanding		 425.40M 424.42M 426.80M 434.81M 439.70M 435.28M 441.15M 446.59M 451.00M 448.54M 456.65M
Diluted Earnings per Share		 $0.71 ($0.14) $0.04 $0.35 $0.95 $0.55 ($0.09) $0.07 $0.86 $0.08 $0.23
Weighted Average Diluted Shares Outstanding		 511.59M 427.40M 431.02M 513.59M 514.88M 515.03M 441.15M 448.03M 495.73M 477.74M 466.15M
Weighted Average Basic & Diluted Shares Outstanding		 425.42M 425.66M 429.04M 439.69M 439.71M 439.94M 446.81M 451.94M 455.26M 455.55M 459.11M

Annual Cash Flow Statements for Norwegian Cruise Line

This table details how cash moves in and out of Norwegian Cruise Line's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 31 12 48 -12 89 3,048 -1,794 -560 -545 -212 19
Net Cash From Operating Activities		 1,042 1,264 1,601 2,075 1,823 -2,556 -2,468 210 2,006 2,050 2,090
Net Cash From Continuing Operating Activities		 1,042 1,264 1,601 2,075 1,823 -2,556 -2,468 210 2,006 2,055 2,090
Net Income / (Loss) Continuing Operations		 427 633 760 955 930 -4,013 -4,507 -2,270 166 910 423
Consolidated Net Income / (Loss)		 427 633 760 955 930 -4,013 -4,507 -2,270 166 910 423
Depreciation Expense		 450 446 521 567 647 740 759 810 883 974 1,162
Non-Cash Adjustments To Reconcile Net Income		 6.26 108 112 122 106 1,788 1,524 303 133 101 497
Changes in Operating Assets and Liabilities, net		 158 77 208 431 139 -1,071 -244 1,367 823 69 7.20
Net Cash From Investing Activities		 -1,206 -1,129 -1,405 -1,503 -1,680 -975 -1,004 -1,756 -2,897 -1,229 -3,265
Net Cash From Continuing Investing Activities		 -1,206 -1,129 -1,405 -1,503 -1,680 -975 -1,004 -1,756 -2,897 -1,229 -3,265
Purchase of Property, Plant & Equipment		 -1,122 -1,092 -1,372 -1,567 -1,637 -947 -753 -1,784 -2,750 -1,211 -3,260
Acquisitions		 -0.75 - - - - - - 0.00 0.00 -27 0.00
Purchase of Investments		 -86 -37 -36 -1.72 -47 -32 -1,033 -224 -163 -1.79 -1.88
Other Investing Activities, net		 0.00 0.00 0.66 1.01 4.06 2.70 12 12 16 11 -3.20
Net Cash From Financing Activities		 195 -123 -149 -585 -53 6,579 1,678 986 347 -1,032 1,194
Net Cash From Continuing Financing Activities		 195 -123 -149 -585 -53 6,579 1,678 986 347 -1,032 1,194
Repayment of Debt		 -1,586 -3,817 -1,989 -1,840 -3,837 -1,028 -3,575 -2,001 -3,955 -2,305 -8,665
Issuance of Debt		 1,856 3,754 1,816 1,905 4,122 6,075 2,601 3,003 4,323 1,299 9,738
Issuance of Common Equity		 70 9.17 30 29 32 1,547 2,669 5.27 5.31 0.00 145
Other Financing Activities, net		 0.00 0.00 -6.34 -14 -21 -15 -17 -21 -27 -25 -24

Quarterly Cash Flow Statements for Norwegian Cruise Line

This table details how cash moves in and out of Norwegian Cruise Line's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -218 -279 157 34 -262 -142 -6.41 -0.34 -17 43 -25
Net Cash From Operating Activities		 210 259 807 671 173 399 679 715 237 459 811
Net Cash From Continuing Operating Activities		 210 259 807 671 173 399 679 715 237 459 810
Net Income / (Loss) Continuing Operations		 346 -106 17 163 475 255 -40 30 419 14 105
Consolidated Net Income / (Loss)		 346 -106 17 163 475 255 -40 30 419 14 105
Depreciation Expense		 225 233 245 243 239 247 251 264 273 374 281
Non-Cash Adjustments To Reconcile Net Income		 22 37 43 21 37 -3.91 87 218 166 27 -14
Changes in Operating Assets and Liabilities, net		 -382 95 502 243 -578 -98 382 203 -621 43 438
Net Cash From Investing Activities		 -1,214 -691 -255 -366 -365 -244 -1,532 -336 -963 -433 -1,440
Net Cash From Continuing Investing Activities		 -1,214 -691 -255 -366 -365 -244 -1,532 -336 -963 -433 -1,440
Purchase of Property, Plant & Equipment		 -1,129 -648 -259 -341 -368 -243 -1,525 -334 -963 -438 -1,437
Other Investing Activities, net		 9.31 1.48 3.61 2.35 3.21 1.51 -7.02 -2.18 0.71 5.29 -3.16
Net Cash From Financing Activities		 787 152 -395 -271 -69 -297 847 -379 710 17 604
Net Cash From Continuing Financing Activities		 787 152 -395 -271 -69 -297 847 -379 710 17 604
Repayment of Debt		 -167 -1,180 -465 -440 -496 -904 -2,809 -1,217 -4,144 -495 -627
Issuance of Debt		 951 1,334 92 169 427 610 3,679 774 4,773 512 1,261
Other Financing Activities, net		 -0.05 -1.59 -22 -0.01 -0.02 -3.28 -24 - -0.02 -0.00 -30

Annual Balance Sheets for Norwegian Cruise Line

This table presents Norwegian Cruise Line's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 12,265 12,974 14,095 15,206 16,685 18,399 18,730 18,558 19,493 19,970 22,541
Total Current Assets		 340 411 518 550 730 3,558 3,302 1,873 1,313 1,010 1,139
Cash & Equivalents		 116 128 176 164 253 3,300 1,507 947 402 191 210
Accounts Receivable		 45 63 44 55 75 21 1,167 326 280 221 292
Inventories, net		 58 66 82 90 95 82 118 149 158 150 138
Prepaid Expenses		 121 153 216 241 307 154 269 451 473 448 499
Plant, Property, & Equipment, net		 9,459 10,118 11,040 12,119 13,135 13,411 13,529 14,516 16,433 16,811 19,069
Total Noncurrent Assets		 2,466 2,445 2,536 2,536 2,819 1,431 1,899 2,168 1,747 2,149 2,334
Goodwill		 1,389 1,389 1,389 1,389 1,389 98 98 98 98 136 136
Intangible Assets		 818 818 818 818 818 501 501 501 501 501 501
Other Noncurrent Operating Assets		 259 239 330 330 613 832 1,301 1,570 1,148 1,513 1,698
Total Liabilities & Shareholders' Equity		 12,265 12,974 14,095 15,206 16,685 18,399 18,730 18,558 19,493 19,970 22,541
Total Liabilities		 8,484 8,436 8,345 9,243 10,169 14,045 16,297 18,489 19,192 18,544 20,332
Total Current Liabilities		 2,367 2,313 2,490 3,151 3,584 1,914 3,730 5,055 6,039 5,781 5,453
Short-Term Debt		 630 560 619 681 746 125 877 991 1,745 1,324 876
Accounts Payable		 45 38 53 160 101 83 233 229 174 171 170
Accrued Expenses		 646 542 514 716 782 596 1,059 1,318 1,059 1,180 1,206
Current Deferred Revenue		 1,024 1,173 1,303 1,593 1,955 1,110 1,561 2,517 3,061 3,106 3,201
Total Noncurrent Liabilities		 6,117 6,123 5,855 6,092 6,585 12,131 12,567 13,434 13,153 12,764 14,879
Long-Term Debt		 5,768 5,838 5,688 5,811 6,055 11,681 11,570 12,630 12,314 11,777 13,730
Other Noncurrent Operating Liabilities		 350 285 167 282 529 450 997 804 839 987 1,149
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,781 4,538 5,750 5,963 6,516 4,354 2,433 69 301 1,425 2,210
Total Preferred & Common Equity		 3,781 4,538 5,750 5,963 6,516 4,354 2,433 69 301 1,425 2,210
Total Common Equity		 3,781 4,538 5,750 5,963 6,516 4,354 2,433 69 301 1,425 2,210
Common Stock		 3,815 3,890 3,999 4,130 4,236 4,890 7,514 7,612 7,709 7,922 8,228
Retained Earnings		 568 1,201 1,963 2,899 3,829 -295 -4,796 -7,066 -6,900 -5,990 -5,567
Accumulated Other Comprehensive Income / (Loss)		 -413 -314 27 -162 -295 -240 -285 -477 -508 -507 -451

Quarterly Balance Sheets for Norwegian Cruise Line

This table presents Norwegian Cruise Line's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 18,648 19,252 19,493 19,825 20,114 19,786 19,970 21,354 21,596 22,213 23,795
Total Current Assets		 1,849 1,611 1,313 1,590 1,582 1,179 1,010 1,145 1,173 1,041 1,308
Cash & Equivalents		 899 682 402 560 594 333 191 184 184 167 185
Accounts Receivable		 219 239 280 282 209 201 221 271 266 253 277
Inventories, net		 154 166 158 158 150 145 150 156 161 156 163
Prepaid Expenses		 576 524 473 590 629 501 448 535 562 466 683
Plant, Property, & Equipment, net		 15,055 15,974 16,433 16,464 16,633 16,744 16,811 18,113 18,248 18,940 20,189
Total Noncurrent Assets		 1,745 1,666 1,747 1,772 1,899 1,863 2,149 2,096 2,176 2,232 2,298
Goodwill		 98 98 98 98 136 136 136 136 136 136 136
Intangible Assets		 501 501 501 501 501 501 501 501 501 501 501
Other Noncurrent Operating Assets		 1,146 1,068 1,148 1,173 1,262 1,227 1,513 1,460 1,539 1,596 1,662
Total Liabilities & Shareholders' Equity		 18,648 19,252 19,493 19,825 20,114 19,786 19,970 21,354 21,596 22,213 23,795
Total Liabilities		 18,633 18,813 19,192 19,463 19,421 18,651 18,544 19,938 20,026 20,020 21,363
Total Current Liabilities		 5,818 5,402 6,039 6,599 6,634 6,039 5,781 6,094 6,388 5,349 6,217
Short-Term Debt		 1,126 1,240 1,745 1,744 1,525 1,653 1,324 1,122 1,130 876 1,175
Accounts Payable		 148 158 174 205 182 173 171 162 169 193 185
Accrued Expenses		 1,198 1,039 1,059 1,020 1,147 1,068 1,180 1,049 1,255 1,132 1,138
Current Deferred Revenue		 3,346 2,965 3,061 3,630 3,779 3,145 3,106 3,762 3,834 3,147 3,719
Total Noncurrent Liabilities		 12,815 13,411 13,153 12,865 12,787 12,612 12,764 13,843 13,638 14,671 15,146
Long-Term Debt		 11,995 12,635 12,314 12,005 11,913 11,752 11,777 12,872 12,633 13,645 13,979
Other Noncurrent Operating Liabilities		 820 776 839 859 874 860 987 971 1,005 1,026 1,167
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 15 439 301 362 693 1,135 1,425 1,417 1,570 2,193 2,431
Total Preferred & Common Equity		 15 439 301 362 693 1,135 1,425 1,417 1,570 2,193 2,431
Total Common Equity		 15 439 301 362 693 1,135 1,425 1,417 1,570 2,193 2,431
Common Stock		 7,662 7,688 7,709 7,709 7,879 7,899 7,922 7,919 8,009 8,204 8,221
Retained Earnings		 -7,140 -6,794 -6,900 -6,883 -6,719 -6,244 -5,990 -6,030 -6,000 -5,581 -5,462
Accumulated Other Comprehensive Income / (Loss)		 -507 -456 -508 -464 -466 -520 -507 -472 -439 -430 -328

Annual Metrics And Ratios for Norwegian Cruise Line

This table displays calculated financial ratios and metrics derived from Norwegian Cruise Line's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 455,257,489.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 455,257,489.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.93
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 692 915 1,034 1,201 1,202 -2,439 -1,787 -1,086 948 1,726 1,541
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -7.93% 6.60% 11.89% 9.16%
Earnings before Interest and Taxes (EBIT)		 656 917 1,038 1,240 1,184 -3,518 -2,428 -1,475 891 1,520 1,382
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,106 1,363 1,560 1,807 1,831 -2,778 -1,670 -665 1,774 2,494 2,544
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 143 169 -39 791 429 -2,234 -2,059 -697 -266 1,349 -730
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 10,062 10,808 11,881 12,291 13,064 12,860 13,133 12,743 13,957 14,335 16,606
Increase / (Decrease) in Invested Capital		 548 746 1,073 410 773 -205 273 -389 1,214 378 2,271
Book Value per Share		 $16.48 $19.97 $25.17 $26.90 $30.62 $15.80 $6.57 $0.16 $0.71 $3.24 $4.85
Tangible Book Value per Share		 $6.86 $10.26 $15.51 $16.95 $20.25 $13.62 $4.96 ($1.26) ($0.70) $1.79 $3.46
Total Capital		 10,178 10,936 12,058 12,455 13,317 16,160 14,879 13,690 14,360 14,526 16,816
Total Debt		 6,398 6,399 6,308 6,492 6,802 11,806 12,447 13,622 14,059 13,100 14,606
Total Long-Term Debt		 5,768 5,838 5,688 5,811 6,055 11,681 11,570 12,630 12,314 11,777 13,730
Net Debt		 6,282 6,270 6,132 6,328 6,549 8,506 10,700 12,675 13,657 12,910 14,396
Capital Expenditures (CapEx)		 1,122 1,092 1,372 1,567 1,637 947 753 1,784 2,750 1,211 3,260
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,512 -1,470 -1,529 -2,083 -2,361 -1,532 -1,299 -3,138 -3,383 -3,638 -3,648
Debt-free Net Working Capital (DFNWC)		 -1,396 -1,342 -1,352 -1,919 -2,108 1,769 448 -2,191 -2,981 -3,447 -3,438
Net Working Capital (NWC)		 -2,026 -1,902 -1,972 -2,600 -2,854 1,644 -429 -3,182 -4,726 -4,771 -4,314
Net Nonoperating Expense (NNE)		 264 282 274 246 272 1,574 2,720 1,184 782 816 1,118
Net Nonoperating Obligations (NNO)		 6,282 6,270 6,132 6,328 6,549 8,506 10,700 12,675 13,657 12,910 14,396
Total Depreciation and Amortization (D&A)		 450 446 521 567 647 740 759 810 883 974 1,162
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.89 $2.79 $3.33 $4.28 $4.33 ($15.75) ($12.33) ($5.41) $0.39 $2.09 $0.94
Adjusted Weighted Average Basic Shares Outstanding		 226.59M 227.12M 228.04M 223.00M 214.93M 254.73M 365.45M 419.77M 424.42M 435.28M 448.54M
Adjusted Diluted Earnings per Share		 $1.86 $2.78 $3.31 $4.25 $4.30 ($15.75) ($12.33) ($5.41) $0.39 $1.89 $0.92
Adjusted Weighted Average Diluted Shares Outstanding		 230.04M 227.85M 229.42M 224.42M 216.48M 254.73M 365.45M 419.77M 427.40M 515.03M 477.74M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 227.31M 227.32M 228.66M 217.73M 213.20M 315.74M 417.09M 421.93M 425.66M 439.94M 455.55M
Normalized Net Operating Profit after Tax (NOPAT)		 692 915 1,034 1,201 825 -1,313 -1,787 -1,086 652 1,026 1,541
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Norwegian Cruise Line

This table displays calculated financial ratios and metrics derived from Norwegian Cruise Line's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 455,257,489.00 455,545,641.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 455,257,489.00 455,545,641.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.03 0.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 56.98% 30.76% 20.27% 7.57% 10.67% 6.19% -2.91% 6.11% 4.69% - 9.57%
EBITDA Growth		 1,472.49% 464.87% 126.71% 22.39% 17.88% 64.33% -11.35% -9.30% 15.55% - 29.99%
EBIT Growth		 448.17% 129.20% 13,316.39% 29.85% 22.73% 217.84% -25.41% -22.14% 16.04% - 55.10%
NOPAT Growth		 494.14% 144.25% 2,652.15% 25.15% 33.31% 483.03% -31.88% 22.66% 6.37% - 61.00%
Net Income Growth		 217.09% 77.93% 110.89% 89.79% 37.32% 339.03% -332.21% -81.65% -11.71% - 359.75%
EPS Growth		 201.43% 87.72% 110.53% 75.00% 33.80% 492.86% -325.00% -80.00% -9.47% - 355.56%
Operating Cash Flow Growth		 155.46% 9.47% 60.37% -35.07% -17.89% 54.15% -15.85% 6.55% 37.14% - 19.47%
Free Cash Flow Firm Growth		 -101.47% -684.68% -263.42% -447.46% 6,718.43% 111.50% -51.13% -24.25% -1,636.64% - -27.08%
Invested Capital Growth		 3.91% 9.53% 9.90% 10.63% 4.23% 2.71% 12.35% 11.90% 16.47% - 14.29%
Revenue Q/Q Growth		 14.99% -21.67% 10.31% 8.27% 18.30% -24.84% 0.86% 18.33% 16.71% - 3.87%
EBITDA Q/Q Growth		 58.64% -57.59% 49.41% 21.75% 52.78% -40.87% -19.40% 24.56% 94.65% - 0.86%
EBIT Q/Q Growth		 102.41% -83.36% 165.57% 45.21% 91.31% -56.92% -37.67% 51.56% 185.12% - 55.55%
NOPAT Q/Q Growth		 89.02% -82.97% 137.25% 63.87% 101.35% -25.52% -72.28% 195.05% 74.61% - -49.85%
Net Income Q/Q Growth		 301.63% -130.79% 116.30% 841.83% 190.59% -46.41% -115.83% 174.43% 1,298.02% - 634.29%
EPS Q/Q Growth		 255.00% -119.72% 128.57% 775.00% 171.43% -42.11% -116.36% 177.78% 1,128.57% - 187.50%
Operating Cash Flow Q/Q Growth		 -79.67% 23.28% 211.65% -16.88% -74.29% 131.45% 70.12% 5.25% -66.91% - 76.74%
Free Cash Flow Firm Q/Q Growth		 -100.57% -70,877.04% 9.98% 5.11% 110.92% 23.28% -1,283.50% 21.99% -35.00% - -7.11%
Invested Capital Q/Q Growth		 11.40% 2.39% -2.91% -0.10% 4.95% 0.89% 6.21% -0.51% 9.23% - 4.79%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 41.53% 33.46% 36.68% 38.68% 45.17% 38.01% 38.71% 42.13% 47.08% - 40.89%
EBITDA Margin		 29.97% 16.23% 21.98% 24.72% 31.92% 25.11% 20.07% 21.13% 35.23% - 23.81%
Operating Margin		 20.64% 6.26% 9.97% 14.40% 24.63% 10.18% 9.44% 16.84% 25.51% - 9.99%
EBIT Margin		 21.11% 4.48% 10.79% 14.48% 23.41% 13.42% 8.29% 10.62% 25.95% - 11.74%
Profit (Net Income) Margin		 13.64% -5.36% 0.79% 6.89% 16.92% 12.07% -1.89% 1.19% 14.27% - 4.49%
Tax Burden Percent		 97.65% 98.31% 94.55% 99.06% 98.56% 236.29% 97.25% 97.92% 96.69% - 97.22%
Interest Burden Percent		 66.15% -121.62% 7.76% 48.04% 73.33% 38.05% -23.48% 11.45% 56.87% - 39.34%
Effective Tax Rate		 2.35% 0.00% 5.45% 0.94% 1.44% -136.29% 0.00% 2.08% 3.31% - 2.78%
Return on Invested Capital (ROIC)		 12.18% 2.81% 6.49% 10.06% 16.32% 16.12% 4.33% 10.99% 15.55% - 5.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.90% 1.34% 5.02% 8.66% 14.75% 14.22% 2.99% 8.07% 13.32% - 5.13%
Return on Net Nonoperating Assets (RNNOA)		 336.93% 95.23% 489.69% 306.43% 246.06% 218.78% 45.33% 94.30% 109.75% - 38.35%
Return on Equity (ROE)		 349.10% 98.04% 496.18% 316.48% 262.38% 234.90% 49.65% 105.29% 125.30% - 44.32%
Cash Return on Invested Capital (CROIC)		 -1.08% -1.99% -0.84% -0.92% 5.61% 9.53% 0.40% 2.03% -2.29% - -3.73%
Operating Return on Assets (OROA)		 8.93% 2.01% 5.04% 6.79% 11.22% 6.45% 3.79% 4.87% 11.98% - 5.22%
Return on Assets (ROA)		 5.77% -2.41% 0.37% 3.23% 8.11% 5.80% -0.87% 0.55% 6.59% - 2.00%
Return on Common Equity (ROCE)		 349.10% 98.04% 496.18% 316.48% 262.38% 234.90% 49.65% 105.29% 125.30% - 44.32%
Return on Equity Simple (ROE_SIMPLE)		 -47.83% 0.00% 94.69% 60.62% 48.38% 0.00% 60.19% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 511 87 206 338 681 507 141 415 725 452 226
NOPAT Margin		 20.15% 4.38% 9.42% 14.26% 24.27% 24.06% 6.61% 16.49% 24.66% - 9.71%
Net Nonoperating Expense Percent (NNEP)		 1.27% 1.47% 1.48% 1.40% 1.57% 1.90% 1.34% 2.91% 2.23% - 0.85%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.61% - - - 3.49% 0.91% 2.71% 4.34% 2.69% 1.29%
Cost of Revenue to Revenue		 58.47% 66.54% 63.32% 61.32% 54.83% 61.99% 61.29% 57.87% 52.92% - 59.11%
SG&A Expenses to Revenue		 12.83% 16.52% 16.54% 14.91% 12.76% 17.09% 18.40% 15.61% 13.04% - 19.72%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 20.90% 27.20% 26.72% 24.29% 20.54% 27.83% 29.27% 25.30% 21.57% - 30.90%
Earnings before Interest and Taxes (EBIT)		 535 89 237 343 657 283 176 267 762 176 274
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 760 322 482 586 896 530 427 532 1,035 550 555
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 15.98 28.34 24.59 11.63 7.94 7.94 5.89 5.77 5.08 - 3.50
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 141.82 18.07 14.34 10.69 9.71 7.15 - 4.75
Price to Revenue (P/Rev)		 0.87 1.00 1.00 0.89 0.96 1.19 0.89 0.95 1.15 - 0.85
Price to Earnings (P/E)		 0.00 51.30 25.97 19.19 16.42 12.43 9.78 12.60 16.78 - 14.99
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 1.95% 3.85% 5.21% 6.09% 8.05% 10.22% 7.94% 5.96% - 6.67%
Enterprise Value to Invested Capital (EV/IC)		 1.48 1.59 1.63 1.54 1.55 1.69 1.45 1.49 1.54 - 1.35
Enterprise Value to Revenue (EV/Rev)		 2.50 2.59 2.48 2.30 2.36 2.56 2.35 2.37 2.63 - 2.34
Enterprise Value to EBITDA (EV/EBITDA)		 14.82 12.50 10.81 9.72 9.66 9.71 9.08 9.50 10.10 - 8.79
Enterprise Value to EBIT (EV/EBIT)		 40.68 24.90 19.63 17.36 16.66 15.94 15.17 16.36 17.11 - 15.88
Enterprise Value to NOPAT (EV/NOPAT)		 54.91 23.40 19.87 17.68 16.28 14.03 12.79 11.90 12.82 - 15.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.19 11.06 9.57 10.74 11.57 11.82 11.53 11.52 12.56 - 10.57
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 28.31 17.96 384.43 77.88 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 31.63 46.74 37.97 19.39 11.81 9.19 9.88 8.77 6.62 - 6.23
Long-Term Debt to Equity		 28.80 40.94 33.16 17.19 10.35 8.26 9.09 8.05 6.22 - 5.75
Financial Leverage		 30.90 71.28 97.58 35.39 16.69 15.39 15.18 11.68 8.24 - 7.48
Leverage Ratio		 45.56 103.01 145.41 54.72 24.80 22.86 23.15 18.43 12.62 - 11.73
Compound Leverage Factor		 30.14 -125.27 11.28 26.29 18.19 8.70 -5.44 2.11 7.18 - 4.62
Debt to Total Capital		 96.94% 97.91% 97.43% 95.10% 92.19% 90.19% 90.81% 89.76% 86.88% - 86.17%
Short-Term Debt to Total Capital		 8.66% 12.15% 12.36% 10.79% 11.37% 9.11% 7.28% 7.37% 5.24% - 6.68%
Long-Term Debt to Total Capital		 88.27% 85.75% 85.07% 84.30% 80.82% 81.07% 83.53% 82.39% 81.64% - 79.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 3.06% 2.09% 2.57% 4.90% 7.81% 9.81% 9.19% 10.24% 13.12% - 13.83%
Debt to EBITDA		 10.18 7.93 6.73 6.25 5.86 5.25 5.74 5.77 5.75 - 5.67
Net Debt to EBITDA		 9.68 7.70 6.46 5.97 5.72 5.18 5.66 5.70 5.69 - 5.60
Long-Term Debt to EBITDA		 9.27 6.94 5.88 5.54 5.14 4.72 5.28 5.30 5.41 - 5.23
Debt to NOPAT		 37.71 14.83 12.36 11.37 9.88 7.59 8.08 7.24 7.31 - 9.68
Net Debt to NOPAT		 35.86 14.41 11.86 10.86 9.64 7.48 7.97 7.14 7.22 - 9.56
Long-Term Debt to NOPAT		 34.34 12.99 10.80 10.08 8.66 6.82 7.43 6.64 6.87 - 8.92
Altman Z-Score		 0.00 -0.07 -0.03 -0.01 0.14 0.18 0.05 0.08 0.30 - 0.13
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.30 0.22 0.24 0.24 0.20 0.17 0.19 0.18 0.19 - 0.21
Quick Ratio		 0.17 0.11 0.13 0.12 0.09 0.07 0.07 0.07 0.08 - 0.07
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.59 -1,127 -1,015 -963 105 130 -1,534 -1,196 -1,615 -1,819 -1,949
Operating Cash Flow to CapEx		 18.62% 39.99% 311.83% 196.94% 46.87% 164.01% 44.53% 214.26% 24.56% - 56.48%
Free Cash Flow to Firm to Interest Expense		 -0.01 -5.71 -4.65 -5.39 0.60 0.74 -7.04 -5.05 -4.91 - -11.74
Operating Cash Flow to Interest Expense		 1.16 1.31 3.70 3.76 0.98 2.28 3.12 3.02 0.72 - 4.89
Operating Cash Flow Less CapEx to Interest Expense		 -5.07 -1.97 2.51 1.85 -1.12 0.89 -3.88 1.61 -2.21 - -3.77
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.45 0.47 0.47 0.48 0.48 0.46 0.46 0.46 - 0.44
Accounts Receivable Turnover		 25.56 28.19 32.94 42.41 42.51 37.79 34.06 40.25 42.75 - 36.64
Inventory Turnover		 33.34 35.70 36.70 37.18 36.66 37.02 35.75 36.12 37.42 - 35.88
Fixed Asset Turnover		 0.53 0.55 0.58 0.57 0.57 0.57 0.54 0.55 0.54 - 0.52
Accounts Payable Turnover		 35.81 27.13 27.32 34.14 34.42 32.94 30.57 31.88 30.70 - 32.98
Days Sales Outstanding (DSO)		 14.28 12.95 11.08 8.61 8.59 9.66 10.72 9.07 8.54 - 9.96
Days Inventory Outstanding (DIO)		 10.95 10.22 9.94 9.82 9.96 9.86 10.21 10.11 9.75 - 10.17
Days Payable Outstanding (DPO)		 10.19 13.45 13.36 10.69 10.60 11.08 11.94 11.45 11.89 - 11.07
Cash Conversion Cycle (CCC)		 15.04 9.72 7.67 7.73 7.94 8.44 8.98 7.72 6.40 - 9.07
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 13,632 13,957 13,552 13,538 14,208 14,335 15,226 15,149 16,548 16,606 17,401
Invested Capital Turnover		 0.60 0.64 0.69 0.71 0.67 0.67 0.65 0.67 0.63 - 0.61
Increase / (Decrease) in Invested Capital		 513 1,214 1,221 1,301 576 378 1,674 1,611 2,340 2,271 2,175
Enterprise Value (EV)		 20,204 22,182 22,094 20,906 22,091 24,223 22,151 22,641 25,486 - 23,489
Market Capitalization		 7,011 8,526 8,904 8,062 9,018 11,314 8,341 9,061 11,131 - 8,519
Book Value per Share		 $1.03 $0.71 $0.85 $1.62 $2.58 $3.24 $3.22 $3.51 $4.85 $4.85 $5.34
Tangible Book Value per Share		 ($0.38) ($0.70) ($0.55) $0.13 $1.14 $1.79 $1.77 $2.09 $3.44 $3.46 $3.94
Total Capital		 14,313 14,360 14,112 14,132 14,541 14,526 15,410 15,333 16,715 16,816 17,586
Total Debt		 13,875 14,059 13,750 13,439 13,405 13,100 13,994 13,763 14,521 14,606 15,155
Total Long-Term Debt		 12,635 12,314 12,005 11,913 11,752 11,777 12,872 12,633 13,645 13,730 13,979
Net Debt		 13,193 13,657 13,190 12,844 13,073 12,910 13,809 13,579 14,355 14,396 14,970
Capital Expenditures (CapEx)		 1,129 648 259 341 368 243 1,525 334 963 438 1,437
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3,233 -3,383 -3,824 -4,120 -3,538 -3,638 -4,011 -4,269 -3,598 -3,648 -3,919
Debt-free Net Working Capital (DFNWC)		 -2,551 -2,981 -3,264 -3,526 -3,206 -3,447 -3,827 -4,085 -3,431 -3,438 -3,734
Net Working Capital (NWC)		 -3,791 -4,726 -5,008 -5,052 -4,859 -4,771 -4,949 -5,215 -4,307 -4,314 -4,910
Net Nonoperating Expense (NNE)		 165 194 189 175 206 253 181 385 305 437 122
Net Nonoperating Obligations (NNO)		 13,193 13,657 13,190 12,844 13,073 12,910 13,809 13,579 14,355 14,396 14,970
Total Depreciation and Amortization (D&A)		 225 233 245 243 239 247 251 264 273 374 281
Debt-free, Cash-free Net Working Capital to Revenue		 -39.99% -39.57% -42.87% -45.35% -37.82% -38.37% -42.60% -44.65% -37.12% - -39.07%
Debt-free Net Working Capital to Revenue		 -31.56% -34.86% -36.60% -38.81% -34.26% -36.36% -40.64% -42.73% -35.40% - -37.22%
Net Working Capital to Revenue		 -46.90% -55.27% -56.15% -55.60% -51.93% -50.33% -52.56% -54.55% -44.44% - -48.94%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.81 ($0.24) $0.04 $0.38 $1.08 $0.59 ($0.09) $0.07 $0.93 $0.03 $0.23
Adjusted Weighted Average Basic Shares Outstanding		 425.40M 424.42M 426.80M 434.81M 439.70M 435.28M 441.15M 446.59M 451.00M 448.54M 456.65M
Adjusted Diluted Earnings per Share		 $0.71 ($0.14) $0.04 $0.35 $0.95 $0.55 ($0.09) $0.07 $0.86 $0.08 $0.23
Adjusted Weighted Average Diluted Shares Outstanding		 511.59M 427.40M 431.02M 513.59M 514.88M 515.03M 441.15M 448.03M 495.73M 477.74M 466.15M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 425.42M 425.66M 429.04M 439.69M 439.71M 439.94M 446.81M 451.94M 455.26M 455.55M 459.11M
Normalized Net Operating Profit after Tax (NOPAT)		 511 87 206 338 681 150 141 415 725 131 226
Normalized NOPAT Margin		 20.15% 4.38% 9.42% 14.26% 24.27% 7.13% 6.61% 16.49% 24.66% - 9.71%
Pre Tax Income Margin		 13.97% -5.45% 0.84% 6.95% 17.17% 5.11% -1.95% 1.22% 14.76% - 4.62%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.95 0.45 1.08 1.92 3.75 1.61 0.81 1.13 2.32 - 1.65
NOPAT to Interest Expense		 2.82 0.44 0.95 1.90 3.89 2.89 0.65 1.75 2.20 - 1.36
EBIT Less CapEx to Interest Expense		 -3.27 -2.83 -0.10 0.02 1.65 0.23 -6.19 -0.28 -0.61 - -7.01
NOPAT Less CapEx to Interest Expense		 -3.41 -2.84 -0.24 -0.01 1.79 1.51 -6.35 0.34 -0.73 - -7.29
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are 10 key takeaways for retail investors from Norwegian Cruise Line Holdings (NYSE:NCLH) based on the latest four years of quarterly results provided. The points highlight trends in revenue, profitability, and cash flow that may affect the stock’s risk and opportunity profile.

  • Q3 2025 revenue was about $2.94 billion, signaling a strong rebound in demand for cruising and a pickup after prior years’ softness.
  • Q3 2025 gross margin was roughly 47% (Gross Profit about $1.383 billion on $2.94 billion in revenue), indicating improved profitability at the gross level.
  • Q3 2025 net income attributable to common shareholders reached about $419.3 million with basic EPS of $0.93, marking a meaningful quarterly profit.
  • Cash flow resilience: Net cash from continuing operating activities was $236.6 million in Q3 2025 and rose to $459.1 million in Q4 2025, underscoring solid cash generation from core operations.
  • Q4 2025 free cash flow was roughly $21.5 million (about $459.1 million CFO minus about $437.6 million capex), suggesting a positive, though modest, cash surplus after essential investments.
  • Seasonality remains evident: Q4 2025 revenue of about $2.24 billion trails Q3’s $2.94 billion, reflecting typical cruise industry cycles.
  • Leverage remains high: Long-term debt about $13.65 billion and total liabilities around $20.02 billion as of Q3 2025, with cash around $166.8 million, indicating sizable debt obligations relative to liquidity.
  • Interest expense remained a material drag in some quarters (e.g., $328.8 million in Q3 2025), which can pressure net profitability during softer periods.
  • Significant investing cash outlays continue to weigh on cash flow, including substantial PPE purchases (e.g., $437.6 million in Q4 2025 and $963.1 million in Q3 2025), contributing to negative investing cash flow in those periods.
  • Near-term liquidity risk persists due to a combination of high debt and ongoing fleet(capital) expenditure, with cash levels in the low hundreds of millions and large liability bases potentially limiting financial flexibility.
05/25/26 01:58 AM ETAI Generated. May Contain Errors.

Norwegian Cruise Line Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Norwegian Cruise Line's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Norwegian Cruise Line's net income appears to be on an upward trend, with a most recent value of $423.25 million in 2025, falling from $427.14 million in 2015. The previous period was $910.26 million in 2024. Find out what analysts predict for Norwegian Cruise Line in the coming months.

Norwegian Cruise Line's total operating income in 2025 was $1.56 billion, based on the following breakdown:
  • Total Gross Profit: $4.19 billion
  • Total Operating Expenses: $2.63 billion

Over the last 10 years, Norwegian Cruise Line's total revenue changed from $4.35 billion in 2015 to $9.83 billion in 2025, a change of 126.2%.

Norwegian Cruise Line's total liabilities were at $20.33 billion at the end of 2025, a 9.6% increase from 2024, and a 139.6% increase since 2015.

In the past 10 years, Norwegian Cruise Line's cash and equivalents has ranged from $115.94 million in 2015 to $3.30 billion in 2020, and is currently $209.89 million as of their latest financial filing in 2025.

Over the last 10 years, Norwegian Cruise Line's book value per share changed from 16.48 in 2015 to 4.85 in 2025, a change of -70.5%.


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Financial statements for NYSE:NCLH last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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