Norwegian Cruise Line Holdings Ltd.

NCLH

Norwegian Cruise Line Holdings Ltd.

NCLH

Insider Sentiment (TTM):

Last Purchase:2026-06-02Last Sale:2025-12-12Shares Purchased (TTM):1,024,994Shares Sold (TTM):5,250

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:411,356,877Shares Outstanding:456,654,579Institutional Ownership Pct.:90.08%

Earnings Market Reaction:

Filing Date:2026-05-04Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Water Transportation

RCL CCL CUK KEX MATX TDW

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	185	210	167	184	184	191	333	594	560	402	682	899
Accounts Receivable Net Current	277	292	253	266	271	221	201	209	282	280	239	219
Inventory Net	163	138	156	161	156	150	145	150	158	158	166	154
Prepaid Expense And Other Assets Current	683	499	466	562	535	448	501	629	590	473	524	576
Assets Current	1,308	1,139	1,041	1,173	1,145	1,010	1,179	1,582	1,590	1,313	1,611	1,849
Property Plant And Equipment Net	20,189	19,069	18,940	18,248	18,113	16,811	16,744	16,633	16,464	16,433	15,974	15,055
Goodwill	136	136	136	136	136	136	136	136	98	98	98	98
Intangible Assets Net Excluding Goodwill	501	501	501	501	501	501	501	501	501	501	501	501
Other Assets Noncurrent	1,662	1,698	1,596	1,539	1,460	1,513	1,227	1,262	1,173	1,148	1,068	1,146
Assets	23,795	22,541	22,213	21,596	21,354	19,970	19,786	20,114	19,825	19,493	19,252	18,648
Liabilities And Stockhold…
Liabilities Current
Long Term Debt And Capital Lease Obligations Curre…	1,175	876	876	1,130	1,122	1,324	1,653	1,525	1,744	1,745	1,240	1,126
Accounts Payable Current	185	170	193	169	162	171	173	182	205	174	158	148
Contract With Customer Liability Current	3,719	3,201	3,147	3,834	3,762	3,106	3,145	3,779	3,630	3,061	2,965	3,346
Liabilities Current	6,217	5,453	5,349	6,388	6,094	5,781	6,039	6,634	6,599	6,039	5,402	5,818
Long Term Debt And Capital Lease Obligations	13,979	13,730	13,645	12,633	12,872	11,777	11,752	11,913	12,005	12,314	12,635	11,995
Other Liabilities Noncurrent	1,167	1,149	1,026	1,005	971	987	860	874	859	839	776	820
Liabilities	21,363	20,332	20,020	20,026	19,938	18,544	18,651	19,421	19,463	19,192	18,813	18,633
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	8,221	8,227	8,204	8,008	7,918	7,922	7,899	7,878	7,709	7,709	7,688	7,662
Accumulated Other Comprehensive Income Loss Net Of…	-328	-451	-430	-439	-472	-507	-520	-466	-464	-508	-456	-507
Retained Earnings Accumulated Deficit	-5,462	-5,567	-5,581	-6,000	-6,030	-5,990	-6,244	-6,719	-6,883	-6,900	-6,794	-7,140
Stockholders Equity	2,431	2,210	2,193	1,570	1,417	1,425	1,135	693	362	301	439	15
Liabilities And Stockholders Equity	23,795	22,541	22,213	21,596	21,354	19,970	19,786	20,114	19,825	19,493	19,252	18,648
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	980	980	980	980	980	980	980	980	980	980	980	980
Common Stock Shares Issued	459	455	455	447	443	440	440	440	429	426	425	425
Shares Outstanding	459	455	455	447	443	440	440	440	429	426	425	425

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	6.63%	23.49%	12.62%	-	-	-	-	-	-	-	-	-
2025	1.61%	16.18%	37.13%	-1.97%	-1.18%	-7.38%	-1.76%	21.39%	11.39%	-16.64%	-16.55%	-26.51%
2024	6.41%	20.45%	18.40%	15.27%	34.99%	49.23%	-0.59%	-4.81%	-5.06%	-14.00%	-30.94%	-18.76%
2023	2.48%	37.30%	48.83%	-10.97%	-10.53%	-27.47%	22.17%	49.11%	28.12%	10.70%	-2.19%	-15.78%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	0.21	0.21	0.19	0.18	0.19	0.17	0.20	0.24	0.24	0.22	0.30	0.32
Quick Ratio	0.07	0.09	0.08	0.07	0.07	0.07	0.09	0.12	0.13	0.11	0.17	0.19
Working Capital	-4.91B	-4.31B	-4.31B	-5.22B	-4.95B	-4.77B	-4.86B	-5.05B	-5.01B	-4.73B	-3.79B	-3.97B
Leverage & Debt
Debt to Equity	8.79	9.20	9.13	12.76	14.08	13.01	16.43	28.02	53.75	63.80	42.89	1,224.16
Interest Coverage TTM	1.77	1.64	1.66	1.90	1.94	1.96	1.79	1.56	1.47	1.28	0.74	-0.27
Debt Ratio	0.90	0.90	0.90	0.93	0.93	0.93	0.94	0.97	0.98	0.98	0.98	1.00
Efficiency & Turnover
Asset Turnover TTM	0.44	0.46	0.46	0.46	0.46	0.48	0.48	0.47	0.47	0.45	0.42	0.38
Days Sales Outstanding TTM	9.96	9.53	8.54	9.07	10.71	9.66	8.59	8.61	11.08	12.95	14.28	20.83
Receivables Turnover TTM	36.64	38.31	42.75	40.25	34.06	37.79	42.51	42.41	32.94	28.19	25.56	17.52
Per Share Metrics
Diluted EPS TTM	1.22	0.89	1.34	1.61	1.93	1.77	1.07	0.82	0.80	0.39	-0.41	-1.85
Free Cash Flow Per Share TTM	-2.08	-2.61	-2.30	-1.13	-1.26	1.93	0.67	-0.99	-1.08	-1.75	-0.65	-1.36
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	43.05%	42.62%	41.98%	41.35%	40.47%	39.99%	39.05%	37.85%	37.49%	36.04%	33.61%	28.48%
Operating Profit Margin TTM	15.88%	15.88%	16.39%	16.01%	15.38%	15.46%	14.70%	13.29%	12.77%	10.89%	6.50%	-2.55%
Net Profit Margin TTM	5.66%	4.31%	6.85%	7.52%	9.05%	9.60%	5.87%	4.62%	3.84%	1.94%	-2.60%	-11.88%
Growth Metrics
Net Revenue Growth (1Y)	6.53%	3.67%	3.59%	5.23%	5.57%	10.87%	15.76%	26.87%	45.17%	76.51%	112.03%	204.82%
Net Income Growth (1Y)	-33.36%	-53.50%	20.81%	71.16%	148.68%	447.76%	-361.77%	-149.37%	-123.70%	-107.32%	-93.76%	-78.24%
EPS Growth (1Y)	-35.62%	-54.88%	17.78%	66.65%	140.60%	434.10%	-353.26%	-148.16%	-123.47%	-107.24%	-93.82%	-78.50%
Valuation Metrics
P/E TTM	15.03	23.65	16.74	12.59	9.81	12.30	16.42	19.44	26.05	51.18	-33.41	-10.85
P/B TTM	3.51	4.53	5.07	5.77	5.90	7.86	7.94	11.79	24.67	28.28	15.98	606.69
P/S TTM	0.85	1.02	1.15	0.95	0.89	1.18	0.96	0.90	1.00	0.99	0.87	1.29
Market Cap	8.54B	10.01B	11.11B	9.06B	8.36B	11.20B	9.02B	8.17B	8.93B	8.51B	7.01B	9.23B
Enterprise Value	23.51B	24.41B	25.46B	22.64B	22.17B	24.11B	22.09B	21.01B	22.12B	22.16B	20.20B	21.46B
Calculated Values
Free Cash Flow TTM	-949.08M	-1.17B	-1.04B	-504.48M	-555.45M	838.87M	294.39M	-428.51M	-461.99M	-744.65M	-274.80M	-576.28M
Net Debt	14.97B	14.40B	14.35B	13.58B	13.81B	12.91B	13.07B	12.84B	13.19B	13.66B	13.19B	12.22B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-02Purchase

Owner: Pagliuca, Stephen G

Title: -

Shares: 685,000

Price/Share: $18.06

Value: $12,371,100.00

Shares Owned: 1,388,912

Relationship: Director

Ownership: Direct

2026-05-22Purchase

Owner: Chidsey, John

Title: President and CEO

Shares: 153,000

Price/Share: $16.37

Value: $2,504,610.00

Shares Owned: 1,139,940

Relationship: Director,Officer

Ownership: Direct

2026-05-20Purchase

Owner: Cohen, Jonathan Z

Title: -

Shares: 30,000

Price/Share: $15.83

Value: $474,900.00

Shares Owned: 38,912

Relationship: Director

Ownership: Direct

2026-05-19Purchase

Owner: Cil, Jose E.

Title: -

Shares: 10,000

Price/Share: $14.91

Value: $149,100.00

Shares Owned: 74,295

Relationship: Director

Ownership: Indirect

2026-05-11Purchase

Owner: Macdonald, Brian P

Title: -

Shares: 15,000

Price/Share: $16.54

Value: $248,100.00

Shares Owned: 23,912

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-02	Pagliuca, Stephen G	Director	-	Direct	Purchase	685,000	18.06	$12,371,100.00	1,388,912	4
2026-05-22	Chidsey, John	Director,Officer	President and CEO	Direct	Purchase	153,000	16.37	$2,504,610.00	1,139,940	4
2026-05-20	Cohen, Jonathan Z	Director	-	Direct	Purchase	30,000	15.83	$474,900.00	38,912	4
2026-05-19	Cil, Jose E.	Director	-	Indirect	Purchase	10,000	14.91	$149,100.00	74,295	4
2026-05-11	Macdonald, Brian P	Director	-	Direct	Purchase	15,000	16.54	$248,100.00	23,912	4
2026-05-07	Lansberry, Kevin Allen	Director	-	Direct	Purchase	11,400	17.28	$196,992.00	20,312	4
2026-05-07	Byng-Thorne, Zillah	Director	-	Direct	Purchase	25,015	17.67	$442,015.05	99,811	4
2025-12-12	Ashby, Faye L.	Officer	SVP & Chief Accounting Officer	Direct	Sale	5,250	21.00	$110,250.00	130,370	4
2025-11-25	Dahlgren, Patrik	Officer	EVP, Chief Vessel Ops & NO	Direct	Purchase	5,550	17.94	$99,567.00	144,817	4
2025-11-07	Curtis, Harry C	Director	-	Direct	Purchase	5,000	19.25	$96,250.00	50,325	4
2025-11-06	David, Stella	Director	-	Direct	Purchase	6,986	18.59	$129,869.74	103,474	4
2025-11-06	Sommer, Harry	Director,Officer	Pres. & CEO of NCLH	Direct	Purchase	25,000	18.52	$463,000.00	720,728	4
2025-11-06	Kempa, Mark	Officer	EVP & CFO	Direct	Purchase	10,635	18.53	$197,066.55	369,352	4
2025-11-06	Byng-Thorne, Zillah	Director	-	Direct	Purchase	29,008	18.11	$525,334.88	66,017	4
2025-11-06	Montague, Jason	Officer	Chief Luxury Officer	Indirect	Purchase	13,400	18.81	$252,054.00	13,400	4
2024-11-08	Ashby, Faye L.	Officer	SVP & Chief Accounting Officer	Direct	Sale	38,344	27.30	$1,046,791.20	116,270	4
2024-11-06	Demarco, Andrea	Officer	Pres. RSSC	Direct	Sale	29,000	27.76	$805,040.00	97,304	4
2024-11-06	Kempa, Mark	Officer	EVP & CFO	Direct	Sale	15,000	27.86	$417,900.00	253,386	4
2024-11-04	Byng-Thorne, Zillah	Director	-	Indirect	Purchase	7,930	24.85	$197,060.50	21,290	4
2024-11-04	Sommer, Harry	Officer	Pres. & CEO of NCLH	Direct	Sale	100,000	24.67	$2,467,000.00	449,129	4
2024-11-04	Farkas, Daniel S	Officer	EVP GC, CDO & Sec'y	Direct	Sale	46,820	24.72	$1,157,390.40	212,957	4
2024-08-27	Farkas, Daniel S	Officer	EVP GC, CDO & Sec'y	Direct	Sale	30,000	18.09	$542,700.00	259,777	4
2024-08-27	Sommer, Harry	Officer	Pres. & CEO of NCLH	Direct	Sale	25,000	18.09	$452,250.00	549,129	4
2024-06-05	Ashby, Faye L.	Officer	SVP & Chief Accounting Officer	Direct	Sale	19,582	18.42	$360,700.44	163,579	4
2024-05-31	Byng-Thorne, Zillah	Director	-	Indirect	Purchase	13,360	16.50	$220,440.00	13,360	4
2024-05-22	Cil, Jose E.	Director	-	Indirect	Purchase	20,000	16.38	$327,600.00	40,000	4
2024-03-08	Kempa, Mark	Officer	EVP & CFO	Direct	Sale	19,965	20.01	$399,499.65	268,386	4
2023-06-15	Farkas, Daniel S	Officer	EVP Gen. Counsel & Asst. Sec'y	Direct	Sale	38,000	19.46	$739,480.00	244,261	4
2023-06-13	Ashby, Faye L.	Officer	SVP & Chief Accounting Officer	Direct	Sale	15,811	19.45	$307,523.95	174,619	4
2023-06-12	Del, Rio Frank J	Director,Officer	Pres. & CEO	Direct	Sale	300,000	18.44	$5,532,000.00	926,505	4
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Institutional Ownership

No data available for chart

2026-03-31

90.08%

Inst. Shares: 411,356,877

Shares Outstanding: 456,654,579

2025-12-31

85.05%

Inst. Shares: 381,479,623

Shares Outstanding: 448,542,442

2025-09-30

81.26%

Inst. Shares: 366,461,673

Shares Outstanding: 450,996,955

2025-06-30

77.16%

Inst. Shares: 344,578,990

Shares Outstanding: 446,586,784

2025-03-31

77.25%

Inst. Shares: 340,786,769

Shares Outstanding: 441,147,186

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	411,356,877	456,654,579	90.08%
2025-12-31	381,479,623	448,542,442	85.05%
2025-09-30	366,461,673	450,996,955	81.26%
2025-06-30	344,578,990	446,586,784	77.16%
2025-03-31	340,786,769	441,147,186	77.25%
2024-12-31	336,821,285	435,278,605	77.38%
2024-09-30	294,615,311	439,697,135	67.00%
2024-06-30	256,775,625	434,807,434	59.06%
2024-03-31	275,895,048	426,803,519	64.64%
2023-12-31	276,400,288	424,424,962	65.12%
2023-09-30	260,232,690	425,398,415	61.17%
2023-06-30	246,089,537	424,178,775	58.02%
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Norwegian Cruise Line Holdings Ltd. (NCLH) — SEC Financial Statements & Analysis

Norwegian Cruise Line Holdings Ltd. (NCLH) is a water transportation company, incorporated in D0. Norwegian Cruise Line Holdings Ltd. trades on NCLH: NYSE as: NCLH. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Norwegian Cruise Line Holdings Ltd. reported a 6.53% year-over-year revenue growth, a Gross Profit Margin of 43.05% (TTM), a Debt-to-Equity ratio of 8.79x, a Price-to-Sales (P/S) ratio of 0.85x (TTM), a Price-to-Book (P/B) ratio of 3.51 (TTM), at a market cap of $8.54B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 6.53%
Gross Profit Margin TTM: 43.05%
Debt To Equity: 8.79x
P/S TTM: 0.85x
P/B TTM: 3.51
Market Cap: $8.54B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Norwegian Cruise Line Holdings Ltd. in?

Norwegian Cruise Line Holdings Ltd. (NCLH) operates in the Water Transportation industry.

What is NCLH's market cap?

Norwegian Cruise Line Holdings Ltd. (NCLH) has a market capitalization of $8.54B as of 2026-03-31.

What is NCLH's P/E ratio?

Norwegian Cruise Line Holdings Ltd. (NCLH)'s trailing twelve month P/E ratio is 15.03x as of 2026-03-31.

What exchange does NCLH trade on?

Norwegian Cruise Line Holdings Ltd. (NCLH) trades on the NCLH: NYSE.

Where is Norwegian Cruise Line Holdings Ltd. incorporated?

Norwegian Cruise Line Holdings Ltd. is incorporated in Bermuda.