Symbols / NCLH
NCLH Chart
About
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. It operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company's brands provide accommodations, multiple dining venues, bars and lounges, spa, casino, and retail shopping areas and entertainment choices, as well as shore excursions at each port, air transportation, and hotel packages. It offers itineraries to destinations, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska, and Hawaii. Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is based in Miami, Florida.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Travel Services | Market Cap | 10.91B |
| Enterprise Value | 26.09B | Income | 663.53M | Sales | 9.69B |
| Book/sh | 4.82 | Cash/sh | 0.37 | Dividend Yield | — |
| Payout | 0.00% | Employees | 41700 | IPO | — |
| P/E | 16.87 | Forward P/E | 9.18 | PEG | — |
| P/S | 1.13 | P/B | 4.97 | P/C | — |
| EV/EBITDA | 10.26 | EV/Sales | 2.69 | Quick Ratio | 0.08 |
| Current Ratio | 0.20 | Debt/Eq | 699.72 | LT Debt/Eq | — |
| EPS (ttm) | 1.39 | EPS next Y | 2.61 | EPS Growth | -9.60% |
| Revenue Growth | 4.70% | Earnings | 2026-03-02 | ROA | 4.73% |
| ROE | 39.87% | ROIC | — | Gross Margin | 41.98% |
| Oper. Margin | 25.51% | Profit Margin | 6.85% | Shs Outstand | 455.26M |
| Shs Float | 453.18M | Short Float | 10.28% | Short Ratio | 2.01 |
| Short Interest | — | 52W High | 27.18 | 52W Low | 14.21 |
| Beta | 2.03 | Avg Volume | 19.15M | Volume | 12.84M |
| Target Price | $27.25 | Recom | Buy | Prev Close | $23.49 |
| Price | $23.96 | Change | 2.00% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$27.25
Mean price target
2. Current target
$23.96
Latest analyst target
3. DCF / Fair value
$-52.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.96
Low
$19.00
High
$40.00
Mean
$27.25
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-13 | down | JP Morgan | Overweight → Neutral | $20 |
| 2026-02-11 | main | Stifel | Buy → Buy | $31 |
| 2026-02-11 | down | Barclays | Overweight → Equal-Weight | $23 |
| 2026-01-20 | main | JP Morgan | Overweight → Overweight | $28 |
| 2026-01-14 | main | Citigroup | Buy → Buy | $29 |
| 2026-01-13 | main | Wells Fargo | Overweight → Overweight | $33 |
| 2026-01-12 | main | B of A Securities | Neutral → Neutral | $30 |
| 2025-12-17 | main | Barclays | Overweight → Overweight | $23 |
| 2025-12-15 | down | Jefferies | Buy → Hold | $20 |
| 2025-12-12 | main | Mizuho | Outperform → Outperform | $32 |
| 2025-12-09 | down | Goldman Sachs | Buy → Neutral | $21 |
| 2025-12-02 | main | Truist Securities | Buy → Buy | $26 |
| 2025-12-01 | main | Wells Fargo | Overweight → Overweight | $29 |
| 2025-11-18 | init | Wells Fargo | — → Overweight | $30 |
| 2025-11-12 | main | Susquehanna | Neutral → Neutral | $21 |
| 2025-11-11 | main | Goldman Sachs | Buy → Buy | $23 |
| 2025-11-10 | main | Morgan Stanley | Equal-Weight → Equal-Weight | $25 |
| 2025-11-05 | main | JP Morgan | Overweight → Overweight | $40 |
| 2025-11-05 | main | Barclays | Overweight → Overweight | $28 |
| 2025-11-05 | main | Goldman Sachs | Buy → Buy | $27 |
- Norwegian Cruise Line (NCLH) Surpasses Market Returns: Some Facts Worth Knowing - Yahoo Finance Singapore ue, 24 Feb 2026 22
- Elliott Pressure And New CEO Put Norwegian Cruise Line Overhaul In Focus - simplywall.st ue, 24 Feb 2026 08
- Norwegian Cruise Line (NCLH) earnings expected to grow: What to know ahead of next week's release - MSN Mon, 23 Feb 2026 17
- Citigroup Inc. Buys 1,638,889 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH - MarketBeat ue, 24 Feb 2026 09
- Norwegian Cruise Line's Stock Is Surging. An Activist Investor Is Pushing for Big Changes. - Investopedia ue, 17 Feb 2026 16
- Norwegian Cruise Line Jumps On Activist Investor Stake, Turnaround Plans - Investor's Business Daily ue, 17 Feb 2026 21
- Elliott Investment pushes for dramatic NCLH changes - Seatrade Cruise News ue, 17 Feb 2026 16
- Why Norwegian Cruise Line Is Sailing Higher This Week - The Motley Fool Fri, 20 Feb 2026 18
- Why Did NCLH Stock Surge To Best Day In Over 10 Months Today? - Stocktwits Fri, 20 Feb 2026 00
- New luxury ship Oceania Sonata shatters first-day booking record - Stock Titan Mon, 02 Feb 2026 08
- JPMorgan downgrades NCLH shares after CEO exit and softer 2026 outlook - Investing.com Fri, 13 Feb 2026 08
- Norwegian Cruise Line: Activist Stake A Major Catalyst (NYSE:NCLH) - Seeking Alpha hu, 19 Feb 2026 16
- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Consensus Rating of "Moderate Buy" from Analysts - MarketBeat ue, 24 Feb 2026 07
- A Look At Norwegian Cruise Line Holdings (NCLH) Valuation As Elliott Pushes For Board And Leadership Overhaul - simplywall.st Mon, 23 Feb 2026 04
- Former Subway CEO John Chidsey takes helm at Norwegian Cruise Line - Stock Titan hu, 12 Feb 2026 21
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 13169 | — | — | Stock Award(Grant) at price 0.00 per share. | CIL JOSE E | Director | — | 2026-01-02 00:00:00 | D |
| 1 | 8779 | — | — | Stock Award(Grant) at price 0.00 per share. | ABRAMS DAVID M. | Director | — | 2026-01-02 00:00:00 | D |
| 2 | 13169 | — | — | Stock Award(Grant) at price 0.00 per share. | DAVID STELLA JULIE | Director | — | 2026-01-02 00:00:00 | D |
| 3 | 8779 | — | — | Stock Award(Grant) at price 0.00 per share. | LANDRY MARY E. | Director | — | 2026-01-02 00:00:00 | D |
| 4 | 8779 | — | — | Stock Award(Grant) at price 0.00 per share. | CURTIS HARRY C | Director | — | 2026-01-02 00:00:00 | D |
| 5 | 8779 | — | — | Stock Award(Grant) at price 0.00 per share. | BYNG-THORNE ZILLAH | Director | — | 2026-01-02 00:00:00 | D |
| 6 | 13169 | — | — | Stock Award(Grant) at price 0.00 per share. | CHIDSEY JOHN W | Director | — | 2026-01-02 00:00:00 | D |
| 7 | 13169 | — | — | Stock Award(Grant) at price 0.00 per share. | JOJO LINDA P | Director | — | 2026-01-02 00:00:00 | D |
| 8 | 5250 | 110250 | — | Sale at price 21.00 per share. | ASHBY FAYE L | Officer | — | 2025-12-12 00:00:00 | D |
| 9 | 5550 | 99578 | — | Purchase at price 17.94 per share. | DAHLGREN PATRIK | Officer | — | 2025-11-25 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.21 | 0.21 | 0.00 | 0.27 |
| NormalizedEBITDA | 2.49B | 1.77B | -665.14M | -1.67B |
| TotalUnusualItems | 0.00 | -1.40M | ||
| TotalUnusualItemsExcludingGoodwill | 0.00 | -1.40M | ||
| NetIncomeFromContinuingOperationNetMinorityInterest | 910.26M | 166.18M | -2.27B | -4.51B |
| ReconciledDepreciation | 973.51M | 883.24M | 810.05M | 758.60M |
| ReconciledCostOfRevenue | 5.61B | 5.39B | 4.21B | 1.55B |
| EBITDA | 2.49B | 1.77B | -665.14M | -1.67B |
| EBIT | 1.52B | 890.71M | -1.48B | -2.43B |
| NetInterestIncome | -747.22M | -727.53M | -801.51M | -2.07B |
| InterestExpense | 747.22M | 727.53M | 801.51M | 2.07B |
| NormalizedIncome | 910.26M | 166.18M | -2.27B | -4.51B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 910.26M | 166.18M | -2.27B | -4.51B |
| TotalExpenses | 8.01B | 7.62B | 6.40B | 3.20B |
| TotalOperatingIncomeAsReported | 1.47B | 930.91M | -1.55B | -2.55B |
| DilutedAverageShares | 515.03M | 427.40M | 419.77M | 365.45M |
| BasicAverageShares | 435.28M | 424.42M | 419.77M | 365.45M |
| DilutedEPS | 1.89 | 0.39 | -5.41 | -12.33 |
| BasicEPS | 2.09 | 0.39 | -5.41 | -12.33 |
| DilutedNIAvailtoComStockholders | 910.26M | 166.18M | -2.27B | -4.51B |
| NetIncomeCommonStockholders | 910.26M | 166.18M | -2.27B | -4.51B |
| NetIncome | 910.26M | 166.18M | -2.27B | -4.51B |
| NetIncomeIncludingNoncontrollingInterests | 910.26M | 166.18M | -2.27B | -4.51B |
| NetIncomeContinuousOperations | 910.26M | 166.18M | -2.27B | -4.51B |
| TaxProvision | -137.35M | -3.00M | -6.79M | 5.27M |
| PretaxIncome | 772.91M | 163.18M | -2.28B | -4.50B |
| OtherIncomeExpense | 54.22M | -40.20M | 76.57M | 123.95M |
| OtherNonOperatingIncomeExpenses | 54.22M | -40.20M | 76.57M | 123.95M |
| SpecialIncomeCharges | 0.00 | -1.40M | ||
| OtherSpecialCharges | 1.40M | |||
| ImpairmentOfCapitalAssets | 0.00 | 0.00 | ||
| NetNonOperatingInterestIncomeExpense | -747.22M | -727.53M | -801.51M | -2.07B |
| TotalOtherFinanceCost | 54.40M | |||
| InterestExpenseNonOperating | 747.22M | 727.53M | 801.51M | 2.07B |
| OperatingIncome | 1.47B | 930.91M | -1.55B | -2.55B |
| OperatingExpense | 2.33B | 2.15B | 2.13B | 1.59B |
| DepreciationAmortizationDepletionIncomeStatement | 890.24M | 808.57M | 749.33M | 700.85M |
| DepreciationAndAmortizationInIncomeStatement | 890.24M | 808.57M | 749.33M | 700.85M |
| SellingGeneralAndAdministration | 1.43B | 1.34B | 1.38B | 891.45M |
| GrossProfit | 3.79B | 3.08B | 576.67M | -960.05M |
| CostOfRevenue | 5.69B | 5.47B | 4.27B | 1.61B |
| TotalRevenue | 9.48B | 8.55B | 4.84B | 647.99M |
| OperatingRevenue | 9.48B | 8.55B | 4.84B | 647.99M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 439.86M | 425.55M | 421.41M | 416.89M |
| ShareIssued | 439.86M | 425.55M | 421.41M | 416.89M |
| NetDebt | 12.91B | 13.66B | 12.67B | 10.94B |
| TotalDebt | 13.10B | 14.06B | 13.62B | 12.45B |
| TangibleBookValue | 789.15M | -297.85M | -530.07M | 1.83B |
| InvestedCapital | 14.53B | 14.36B | 13.69B | 14.88B |
| WorkingCapital | -4.77B | -4.73B | -3.18B | -428.86M |
| NetTangibleAssets | 789.15M | -297.85M | -530.07M | 1.83B |
| CommonStockEquity | 1.43B | 300.81M | 68.59M | 2.43B |
| TotalCapitalization | 13.20B | 12.61B | 12.70B | 14.00B |
| TotalEquityGrossMinorityInterest | 1.43B | 300.81M | 68.59M | 2.43B |
| StockholdersEquity | 1.43B | 300.81M | 68.59M | 2.43B |
| GainsLossesNotAffectingRetainedEarnings | -507.04M | -508.44M | -477.08M | -285.09M |
| OtherEquityAdjustments | -507.04M | -508.44M | -477.08M | -285.09M |
| RetainedEarnings | -5.99B | -6.90B | -7.07B | -4.80B |
| AdditionalPaidInCapital | 7.92B | 7.71B | 7.61B | 7.51B |
| CapitalStock | 440.00K | 425.00K | 421.00K | 417.00K |
| CommonStock | 440.00K | 425.00K | 421.00K | 417.00K |
| TotalLiabilitiesNetMinorityInterest | 18.54B | 19.19B | 18.49B | 16.30B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 12.76B | 13.15B | 13.43B | 12.57B |
| OtherNonCurrentLiabilities | 986.79M | 839.34M | 803.85M | 997.05M |
| LongTermDebtAndCapitalLeaseObligation | 11.78B | 12.31B | 12.63B | 11.57B |
| LongTermDebt | 11.78B | 12.31B | 12.63B | 11.57B |
| CurrentLiabilities | 5.78B | 6.04B | 5.05B | 3.73B |
| CurrentDeferredLiabilities | 3.11B | 3.06B | 2.52B | 1.56B |
| CurrentDeferredRevenue | 3.11B | 3.06B | 2.52B | 1.56B |
| CurrentDebtAndCapitalLeaseObligation | 1.32B | 1.74B | 991.13M | 876.89M |
| CurrentDebt | 1.32B | 1.74B | 991.13M | 876.89M |
| PayablesAndAccruedExpenses | 1.35B | 1.23B | 1.55B | 1.29B |
| CurrentAccruedExpenses | 1.18B | 1.06B | 1.32B | 1.06B |
| Payables | 171.11M | 174.34M | 228.74M | 233.17M |
| AccountsPayable | 171.11M | 174.34M | 228.74M | 233.17M |
| TotalAssets | 19.97B | 19.49B | 18.56B | 18.73B |
| TotalNonCurrentAssets | 18.96B | 18.18B | 16.68B | 15.43B |
| OtherNonCurrentAssets | 1.51B | 1.15B | 1.57B | 1.30B |
| GoodwillAndOtherIntangibleAssets | 636.29M | 598.66M | 598.66M | 598.66M |
| OtherIntangibleAssets | 500.52M | 500.52M | 500.52M | 500.52M |
| Goodwill | 135.76M | 98.13M | 98.13M | 98.13M |
| NetPPE | 16.81B | 16.43B | 14.52B | 13.53B |
| AccumulatedDepreciation | -7.36B | -6.53B | -5.76B | -5.06B |
| GrossPPE | 24.17B | 22.97B | 20.28B | 18.59B |
| ConstructionInProgress | 1.14B | 548.18M | 871.81M | 833.97M |
| OtherProperties | 1.26B | 999.47M | 880.06M | 767.82M |
| MachineryFurnitureEquipment | 21.71B | 21.36B | 18.47B | 16.93B |
| LandAndImprovements | 58.37M | 58.37M | 58.37M | 58.37M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 1.01B | 1.31B | 1.87B | 3.30B |
| OtherCurrentAssets | 448.21M | 472.82M | 450.89M | 269.24M |
| PrepaidAssets | 269.24M | |||
| Inventory | 149.72M | 157.65M | 148.72M | 118.20M |
| Receivables | 221.41M | 280.27M | 326.27M | 1.17B |
| AccountsReceivable | 221.41M | 280.27M | 326.27M | 1.17B |
| AllowanceForDoubtfulAccountsReceivable | -15.10M | -13.20M | -14.00M | -28.70M |
| GrossAccountsReceivable | 236.51M | 293.47M | 340.27M | 1.20B |
| CashCashEquivalentsAndShortTermInvestments | 190.76M | 402.42M | 946.99M | 1.75B |
| OtherShortTermInvestments | 0.00 | 240.00M | ||
| CashAndCashEquivalents | 190.76M | 402.42M | 946.99M | 1.51B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 838.87M | -744.65M | -1.57B | -3.22B |
| RepurchaseOfCapitalStock | 0.00 | |||
| RepaymentOfDebt | -2.17B | -3.76B | -1.77B | -2.11B |
| IssuanceOfDebt | 1.30B | 4.32B | 3.00B | 2.60B |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 2.67B | |
| CapitalExpenditure | -1.21B | -2.75B | -1.78B | -752.84M |
| InterestPaidSupplementalData | 7.73T | 822.50B | 750.60B | 2.10T |
| IncomeTaxPaidSupplementalData | 4.60B | 2.70B | ||
| EndCashPosition | 190.76M | 402.42M | 946.99M | 1.51B |
| BeginningCashPosition | 402.42M | 946.99M | 1.51B | 3.30B |
| ChangesInCash | -211.65M | -544.57M | -559.66M | -1.79B |
| FinancingCashFlow | -1.03B | 346.86M | 986.22M | 1.68B |
| CashFlowFromContinuingFinancingActivities | -1.03B | 346.86M | 986.22M | 1.68B |
| NetOtherFinancingCharges | -136.31M | -196.30M | -230.89M | -1.46B |
| ProceedsFromStockOptionExercised | -25.33M | -21.55M | -15.72M | -13.55M |
| NetCommonStockIssuance | 0.00 | 0.00 | 2.67B | |
| CommonStockPayments | 0.00 | |||
| CommonStockIssuance | 0.00 | 0.00 | 2.67B | |
| NetIssuancePaymentsOfDebt | -870.45M | 564.71M | 1.23B | 488.25M |
| NetLongTermDebtIssuance | -870.45M | 564.71M | 1.23B | 488.25M |
| LongTermDebtPayments | -2.17B | -3.76B | -1.77B | -2.11B |
| LongTermDebtIssuance | 1.30B | 4.32B | 3.00B | 2.60B |
| InvestingCashFlow | -1.23B | -2.90B | -1.76B | -1.00B |
| CashFlowFromContinuingInvestingActivities | -1.23B | -2.90B | -1.76B | -1.00B |
| NetOtherInvestingChanges | 10.68M | 16.16M | 12.09M | 12.29M |
| NetInvestmentPurchaseAndSale | -1.79M | -162.94M | 15.86M | -263.50M |
| SaleOfInvestment | 0.00 | 0.00 | 240.00M | 770.00M |
| PurchaseOfInvestment | -1.79M | -162.94M | -224.14M | -1.03B |
| NetBusinessPurchaseAndSale | -27.32M | 0.00 | 0.00 | |
| PurchaseOfBusiness | -27.32M | 0.00 | 0.00 | |
| NetPPEPurchaseAndSale | -1.21B | -2.75B | -1.78B | -752.84M |
| PurchaseOfPPE | -1.21B | -2.75B | -1.78B | -752.84M |
| OperatingCashFlow | 2.05B | 2.01B | 210.02M | -2.47B |
| CashFlowFromContinuingOperatingActivities | 2.05B | 2.01B | 210.02M | -2.47B |
| ChangeInWorkingCapital | 225.44M | 809.37M | 1.36B | -204.01M |
| ChangeInOtherWorkingCapital | 35.68M | 503.68M | 928.95M | 521.91M |
| ChangeInPayablesAndAccruedExpense | 45.14M | -133.18M | 236.64M | 444.87M |
| ChangeInAccruedExpense | 65.35M | -82.20M | 252.84M | 292.84M |
| ChangeInPayable | -20.21M | -50.98M | -16.20M | 152.03M |
| ChangeInAccountPayable | -20.21M | -50.98M | -16.20M | 152.03M |
| ChangeInPrepaidAssets | 88.37M | 410.27M | -602.26M | 26.69M |
| ChangeInInventory | 6.95M | -11.04M | -33.61M | -37.48M |
| ChangeInReceivables | 49.30M | 39.65M | 828.66M | -1.16B |
| ChangesInAccountReceivables | 49.30M | 39.65M | 828.66M | -1.16B |
| OtherNonCashItems | -4.77M | -6.85M | -2.30M | -9.49M |
| StockBasedCompensation | 91.78M | 118.94M | 113.56M | 124.08M |
| ProvisionandWriteOffofAssets | 6.36M | 6.19M | 13.61M | 19.28M |
| AssetImpairmentCharge | 0.00 | 0.00 | ||
| DeferredTax | -155.11M | 0.00 | 0.00 | 78.00K |
| DeferredIncomeTax | -155.11M | 0.00 | 0.00 | 78.00K |
| DepreciationAmortizationDepletion | 973.51M | 883.24M | 810.05M | 758.60M |
| DepreciationAndAmortization | 973.51M | 883.24M | 810.05M | 758.60M |
| OperatingGainsLosses | 2.36M | 28.65M | 186.62M | 1.35B |
| GainLossOnInvestmentSecurities | -979.00K | 13.76M | 8.62M | -39.84M |
| NetForeignCurrencyExchangeGainLoss | -25.84M | 8.19M | -10.79M | -9.87M |
| NetIncomeFromContinuingOperations | 910.26M | 166.18M | -2.27B | -4.51B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for NCLH
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|