Companies / Consumer Discretionary
NCLH
Norwegian Cruise Line Holdings
Hotels, Resorts & Cruise Lines
Hotels, Resorts & Cruise LinesAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health42
Growth63
Profitability46
Cash generation0
Balance sheet2
Dilution control100
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)0.3%Revenue growth (FY)3.7%Revenue CAGR (3y)26.6%Gross margin42.6%Operating margin15.9%Net margin4.3%Free cash flow margin-11.9%R&D / revenue—Stock comp / revenue0.9%Net debt / operating cash flow6.47xCurrent ratio0.21Diluted share count change-7.2%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $648M | $4.8B | $8.5B | $9.5B | $9.8B |
| Gross profit | -$960M | $577M | $3.1B | $3.8B | $4.2B |
| Operating income | -$2.6B | -$1.6B | $931M | $1.5B | $1.6B |
| Net income | -$4.5B | -$2.3B | $166M | $910M | $423M |
| Operating cash flow | -$2.5B | $210M | $2.0B | $2.0B | $2.1B |
| Capital expenditure | $753M | $1.8B | $2.8B | $1.2B | $3.3B |
| Free cash flow | -$3.2B | -$1.6B | -$745M | $839M | -$1.2B |
| Stock-based comp | $124M | $114M | $119M | $92M | $88M |
| Cash | $1.5B | $947M | $402M | $191M | $210M |
| Total debt | $11.6B | $12.6B | $12.3B | $11.8B | $13.7B |
| Equity | $2.4B | $69M | $301M | $1.4B | $2.2B |
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