Symbols / NCLH Stock $15.52 -2.57% Norwegian Cruise Line Holdings Ltd.

Consumer Cyclical • Travel Services • United States • NYQ
NCLH (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Travel Services
CEO Mr. John W. Chidsey III, J.D.
Exch · Country NYQ · United States
Market Cap 7.13B
Enterprise Value 23.02B
Income 568.21M
Sales 10.03B
FCF (ttm) -1.50B
Book/sh 4.85
Cash/sh 0.40
Employees 44,500
Insider 10d —
IPO Jan 18, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 12.52
Forward P/E 7.50
PEG 0.73
P/S 0.71
P/B 3.20
P/C —
EV/EBITDA 8.79
EV/Sales 2.29
Quick Ratio 0.07
Current Ratio 0.21
Debt/Eq 661.44
LT Debt/Eq —
EPS (ttm) 1.24
EPS next Y 2.07
EPS Growth —
Revenue Growth 9.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-05-04
ROA 4.44%
ROE 29.53%
ROIC —
Gross Margin 43.05%
Oper. Margin 10.52%
Profit Margin 5.66%
Shs Outstand 459.11M
Shs Float 456.58M
Insider Own 0.51%
Instit Own 98.23%
Short Float 14.41%
Short Ratio 2.88
Short Interest 58.40M
52W High 27.18
vs 52W High -42.90%
52W Low 15.45
vs 52W Low 0.45%
Beta 1.92
Impl. Vol. 56.35%
Rel Volume 1.01
Avg Volume 23.33M
Volume 23.61M
Target (mean) $21.52
Tgt Median $21.00
Tgt Low $14.00
Tgt High $32.00
# Analysts 21
Recom Buy
Prev Close $15.93
Price $15.52
Change -2.57%
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 offers itineraries to destinations, such as Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, the Caribbean, and Alaska; and inter-island itinerary in Hawaii. The company also provides features, amenities, and activities, including various accommodations, dining venues, bars and lounges, spas, casino and retail shopping areas, and entertainment choices; shore excursions at each port of call, and air transportation and hotel packages for stays before or after a voyage. It offers its products and services under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company was founded in 1966 and is based in Miami, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.52
Mean price target
2. Current target
$15.52
Latest analyst target
3. DCF / Fair value
$-58.84
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.52
Low
$14.00
High
$32.00
Mean
$21.52

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-15 main TD Cowen Buy → Buy $22
2026-05-06 main Wells Fargo Overweight → Overweight $20
2026-05-05 main Morgan Stanley Equal-Weight → Equal-Weight $20
2026-05-05 main Citigroup Buy → Buy $21
2026-05-05 main Barclays Equal-Weight → Equal-Weight $19
2026-05-05 main Susquehanna Neutral → Neutral $15
2026-05-05 main Mizuho Outperform → Outperform $24
2026-04-27 main JP Morgan Neutral → Neutral $18
2026-04-20 main Stifel Buy → Buy $27
2026-04-17 main Tigress Financial Strong Buy → Strong Buy $32
2026-04-15 main Wells Fargo Overweight → Overweight $26
2026-04-13 main UBS Neutral → Neutral $22
2026-04-10 main Barclays Equal-Weight → Equal-Weight $21
2026-04-09 main Morgan Stanley Equal-Weight → Equal-Weight $23
2026-03-24 main Truist Securities Buy → Buy $25
2026-03-19 main Stifel Buy → Buy $28
2026-03-04 main Morgan Stanley Equal-Weight → Equal-Weight $24
2026-03-03 main JP Morgan Neutral → Neutral $19
2026-03-03 main Stifel Buy → Buy $30
2026-03-03 main Barclays Equal-Weight → Equal-Weight $22
News
RSS: Latest NCLH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-11 MACDONALD BRIAN P Director — 15,000 $16.54 $248,100
2026-05-07 BYNG-THORNE ZILLAH Director — 29,467 $17.67 $521,394
2026-05-07 LANSBERRY KEVIN ALLEN Director — 11,400 $17.28 $196,992
2026-04-13 CRUZ ALEX Director — 8,912 $0.00 $0
2026-04-13 LANSBERRY KEVIN ALLEN Director — 8,912 $0.00 $0
2026-04-13 COHEN JONATHAN Z Director — 8,912 $0.00 $0
2026-04-13 MACDONALD BRIAN P Director — 8,912 $0.00 $0
2026-04-13 PAGLIUCA STEPHEN G Director — 8,912 $0.00 $0
2026-03-26 CHIDSEY JOHN W Chief Executive Officer — 967,254 $0.00 $0
2026-03-06 KEMPA MARK A. Chief Financial Officer — 47,880 $20.05 $959,994
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
9,827.59
+3.67%
9,479.65
+10.87%
8,549.92
+76.51%
4,843.76
Operating Revenue
9,827.59
+3.67%
9,479.65
+10.87%
8,549.92
+76.51%
4,843.76
Cost Of Revenue
5,639.16
-0.87%
5,688.70
+4.02%
5,468.59
+28.16%
4,267.09
Reconciled Cost Of Revenue
5,555.81
-0.89%
5,605.43
+3.92%
5,393.92
+28.23%
4,206.36
Gross Profit
4,188.43
+10.48%
3,790.95
+23.03%
3,081.34
+434.33%
576.67
Operating Expense
2,627.56
+13.01%
2,325.05
+8.12%
2,150.43
+1.03%
2,128.43
Selling General And Administration
1,548.81
+7.95%
1,434.81
+6.93%
1,341.86
-2.70%
1,379.11
Total Expenses
8,266.72
+3.16%
8,013.74
+5.18%
7,619.01
+19.13%
6,395.52
Operating Income
1,560.87
+6.48%
1,465.91
+57.47%
930.91
+159.99%
-1,551.76
Total Operating Income As Reported
1,560.87
+6.48%
1,465.91
+57.47%
930.91
+159.99%
-1,551.76
EBITDA
2,544.34
+2.03%
2,493.64
+40.57%
1,773.94
+366.70%
-665.14
Normalized EBITDA
2,544.34
+2.03%
2,493.64
+40.57%
1,773.94
+366.70%
-665.14
Reconciled Depreciation
1,162.11
+19.37%
973.51
+10.22%
883.24
+9.03%
810.05
EBIT
1,382.23
-9.07%
1,520.13
+70.67%
890.71
+160.38%
-1,475.19
Total Unusual Items
—
—
—
0.00
Total Unusual Items Excluding Goodwill
—
—
—
0.00
Special Income Charges
—
—
—
0.00
Other Special Charges
—
—
—
—
Impairment Of Capital Assets
—
—
—
0.00
Net Income
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Pretax Income
428.72
-44.53%
772.91
+373.66%
163.18
+107.17%
-2,276.70
Net Non Operating Interest Income Expense
-953.51
-27.61%
-747.22
-2.71%
-727.53
+9.23%
-801.51
Interest Expense Non Operating
953.51
+27.61%
747.22
+2.71%
727.53
-9.23%
801.51
Net Interest Income
-953.51
-27.61%
-747.22
-2.71%
-727.53
+9.23%
-801.51
Interest Expense
953.51
+27.61%
747.22
+2.71%
727.53
-9.23%
801.51
Other Income Expense
-178.64
-429.45%
54.22
+234.87%
-40.20
-152.51%
76.57
Other Non Operating Income Expenses
-178.64
-429.45%
54.22
+234.87%
-40.20
-152.51%
76.57
Tax Provision
5.47
+103.99%
-137.35
-4475.28%
-3.00
+55.81%
-6.79
Tax Rate For Calcs
0.00
-93.92%
0.00
+0.00%
0.00
+6937.53%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Net Income From Continuing Operation Net Minority Interest
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Net Income From Continuing And Discontinued Operation
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Net Income Continuous Operations
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Normalized Income
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Net Income Common Stockholders
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Diluted EPS
0.92
-51.32%
1.89
+384.62%
0.39
+107.21%
-5.41
Basic EPS
0.94
-55.02%
2.09
+435.90%
0.39
+107.21%
-5.41
Basic Average Shares
448.54
+3.05%
435.28
+2.56%
424.42
+1.11%
419.77
Diluted Average Shares
477.74
-7.24%
515.03
+20.50%
427.40
+1.82%
419.77
Diluted NI Availto Com Stockholders
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Depreciation Amortization Depletion Income Statement
1,078.76
+21.18%
890.24
+10.10%
808.57
+7.91%
749.33
Depreciation And Amortization In Income Statement
1,078.76
+21.18%
890.24
+10.10%
808.57
+7.91%
749.33
Total Other Finance Cost
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
22,541.40
+12.88%
19,969.81
+2.45%
19,492.99
+5.04%
18,557.69
Current Assets
1,138.54
+12.72%
1,010.10
-23.08%
1,313.15
-29.89%
1,872.87
Cash Cash Equivalents And Short Term Investments
209.89
+10.03%
190.76
-52.59%
402.42
-57.51%
946.99
Cash And Cash Equivalents
209.89
+10.03%
190.76
-52.59%
402.42
-57.51%
946.99
Other Short Term Investments
—
—
—
0.00
Receivables
291.66
+31.73%
221.41
-21.00%
280.27
-14.10%
326.27
Accounts Receivable
291.66
+31.73%
221.41
-21.00%
280.27
-14.10%
326.27
Gross Accounts Receivable
304.16
+28.60%
236.51
-19.41%
293.47
-13.75%
340.27
Allowance For Doubtful Accounts Receivable
-12.50
+17.22%
-15.10
-14.39%
-13.20
+5.71%
-14.00
Inventory
138.18
-7.71%
149.72
-5.03%
157.65
+6.00%
148.72
Prepaid Assets
—
—
—
—
Other Current Assets
498.81
+11.29%
448.21
-5.20%
472.82
+4.86%
450.89
Total Non Current Assets
21,402.86
+12.89%
18,959.71
+4.29%
18,179.84
+8.96%
16,684.83
Net PPE
19,068.81
+13.43%
16,810.65
+2.30%
16,433.29
+13.21%
14,516.37
Gross PPE
27,346.06
+13.14%
24,169.06
+5.23%
22,967.39
+13.25%
20,280.92
Accumulated Depreciation
-8,277.25
-12.49%
-7,358.41
-12.62%
-6,534.10
-13.35%
-5,764.55
Properties
0.00
0.00
0.00
0.00
Land And Improvements
58.37
+0.00%
58.37
+0.00%
58.37
+0.00%
58.37
Machinery Furniture Equipment
24,476.56
+12.77%
21,705.57
+1.61%
21,361.36
+15.65%
18,470.68
Construction In Progress
1,321.43
+15.54%
1,143.71
+108.64%
548.18
-37.12%
871.81
Other Properties
1,489.69
+18.10%
1,261.40
+26.21%
999.47
+13.57%
880.06
Goodwill And Other Intangible Assets
636.29
+0.00%
636.29
+6.29%
598.66
+0.00%
598.66
Goodwill
135.76
+0.00%
135.76
+38.35%
98.13
+0.00%
98.13
Other Intangible Assets
500.52
+0.00%
500.52
+0.00%
500.52
+0.00%
500.52
Other Non Current Assets
1,697.76
+12.23%
1,512.77
+31.79%
1,147.89
-26.88%
1,569.80
Total Liabilities Net Minority Interest
20,331.51
+9.64%
18,544.37
-3.38%
19,192.18
+3.80%
18,489.10
Current Liabilities
5,452.58
-5.68%
5,780.86
-4.27%
6,038.70
+19.46%
5,054.85
Payables And Accrued Expenses
1,376.09
+1.85%
1,351.13
+9.56%
1,233.26
-20.29%
1,547.20
Payables
169.66
-0.85%
171.11
-1.85%
174.34
-23.78%
228.74
Accounts Payable
169.66
-0.85%
171.11
-1.85%
174.34
-23.78%
228.74
Current Accrued Expenses
1,206.43
+2.24%
1,180.03
+11.44%
1,058.92
-19.69%
1,318.46
Current Debt And Capital Lease Obligation
875.90
-33.83%
1,323.77
-24.13%
1,744.78
+76.04%
991.13
Current Debt
875.90
-33.83%
1,323.77
-24.13%
1,744.78
+76.04%
991.13
Current Deferred Liabilities
3,200.59
+3.05%
3,105.96
+1.48%
3,060.67
+21.62%
2,516.52
Current Deferred Revenue
3,200.59
+3.05%
3,105.96
+1.48%
3,060.67
+21.62%
2,516.52
Total Non Current Liabilities Net Minority Interest
14,878.94
+16.57%
12,763.51
-2.96%
13,153.48
-2.09%
13,434.25
Long Term Debt And Capital Lease Obligation
13,730.28
+16.59%
11,776.72
-4.36%
12,314.15
-2.50%
12,630.40
Long Term Debt
13,730.28
+16.59%
11,776.72
-4.36%
12,314.15
-2.50%
12,630.40
Other Non Current Liabilities
1,148.66
+16.40%
986.79
+17.57%
839.34
+4.41%
803.85
Stockholders Equity
2,209.89
+55.03%
1,425.44
+373.87%
300.81
+338.55%
68.59
Common Stock Equity
2,209.89
+55.03%
1,425.44
+373.87%
300.81
+338.55%
68.59
Capital Stock
0.46
+3.41%
0.44
+3.53%
0.42
+0.95%
0.42
Common Stock
0.46
+3.41%
0.44
+3.53%
0.42
+0.95%
0.42
Share Issued
455.26
+3.50%
439.86
+3.36%
425.55
+0.98%
421.41
Ordinary Shares Number
455.26
+3.50%
439.86
+3.36%
425.55
+0.98%
421.41
Additional Paid In Capital
8,227.43
+3.86%
7,921.92
+2.76%
7,708.96
+1.28%
7,611.56
Gains Losses Not Affecting Retained Earnings
-451.37
+10.98%
-507.04
+0.28%
-508.44
-6.57%
-477.08
Other Equity Adjustments
-451.37
+10.98%
-507.04
+0.28%
-508.44
-6.57%
-477.08
Total Equity Gross Minority Interest
2,209.89
+55.03%
1,425.44
+373.87%
300.81
+338.55%
68.59
Total Capitalization
15,940.17
+20.74%
13,202.16
+4.65%
12,614.95
-0.66%
12,698.99
Working Capital
-4,314.04
+9.57%
-4,770.76
-0.96%
-4,725.55
-48.51%
-3,181.98
Invested Capital
16,816.06
+15.77%
14,525.93
+1.16%
14,359.73
+4.89%
13,690.12
Total Debt
14,606.18
+11.49%
13,100.49
-6.82%
14,058.92
+3.21%
13,621.53
Net Debt
14,396.28
+11.52%
12,909.73
-5.47%
13,656.51
+7.75%
12,674.54
Net Tangible Assets
1,573.60
+99.40%
789.15
+364.95%
-297.85
+43.81%
-530.07
Tangible Book Value
1,573.60
+99.40%
789.15
+364.95%
-297.85
+43.81%
-530.07
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
2,089.75
+1.95%
2,049.82
+2.20%
2,005.71
+855.01%
210.02
Cash Flow From Continuing Operating Activities
2,089.75
+1.95%
2,049.82
+2.20%
2,005.71
+855.01%
210.02
Net Income From Continuing Operations
423.25
-53.50%
910.26
+447.76%
166.18
+107.32%
-2,269.91
Depreciation Amortization Depletion
1,162.11
+19.37%
973.51
+10.22%
883.24
+9.03%
810.05
Depreciation And Amortization
1,162.11
+19.37%
973.51
+10.22%
883.24
+9.03%
810.05
Other Non Cash Items
-2.03
+57.51%
-4.77
+30.37%
-6.85
-197.91%
-2.30
Stock Based Compensation
88.39
-3.69%
91.78
-22.83%
118.94
+4.73%
113.56
Provisionand Write Offof Assets
3.34
-47.49%
6.36
+2.73%
6.19
-54.52%
13.61
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
2.31
+101.49%
-155.11
0.00
0.00
Deferred Income Tax
2.31
+101.49%
-155.11
0.00
0.00
Operating Gains Losses
407.87
+17190.12%
2.36
-91.77%
28.65
-84.65%
186.62
Gain Loss On Investment Securities
0.39
+139.73%
-0.98
-107.11%
13.76
+59.67%
8.62
Net Foreign Currency Exchange Gain Loss
135.40
+624.05%
-25.84
-415.55%
8.19
+175.85%
-10.79
Change In Working Capital
4.50
-98.00%
225.44
-72.15%
809.37
-40.42%
1,358.38
Change In Receivables
-73.77
-249.61%
49.30
+24.35%
39.65
-95.22%
828.66
Changes In Account Receivables
-73.77
-249.61%
49.30
+24.35%
39.65
-95.22%
828.66
Change In Inventory
11.02
+58.62%
6.95
+162.94%
-11.04
+67.15%
-33.61
Change In Prepaid Assets
17.80
-79.86%
88.37
-78.46%
410.27
+168.12%
-602.26
Change In Payables And Accrued Expense
-16.86
-137.35%
45.14
+133.89%
-133.18
-156.28%
236.64
Change In Accrued Expense
-15.33
-123.47%
65.35
+179.50%
-82.20
-132.51%
252.84
Change In Payable
-1.52
+92.46%
-20.21
+60.36%
-50.98
-214.74%
-16.20
Change In Account Payable
-1.52
+92.46%
-20.21
+60.36%
-50.98
-214.74%
-16.20
Change In Other Working Capital
66.30
+85.82%
35.68
-92.92%
503.68
-45.78%
928.95
Investing Cash Flow
-3,264.69
-165.55%
-1,229.39
+57.57%
-2,897.14
-64.99%
-1,755.90
Cash Flow From Continuing Investing Activities
-3,264.69
-165.55%
-1,229.39
+57.57%
-2,897.14
-64.99%
-1,755.90
Net PPE Purchase And Sale
-3,259.61
-169.18%
-1,210.95
+55.97%
-2,750.36
-54.18%
-1,783.86
Purchase Of PPE
-3,259.61
-169.18%
-1,210.95
+55.97%
-2,750.36
-54.18%
-1,783.86
Capital Expenditure
-3,259.61
-169.18%
-1,210.95
+55.97%
-2,750.36
-54.18%
-1,783.86
Net Investment Purchase And Sale
-1.88
-5.31%
-1.79
+98.90%
-162.94
-1127.18%
15.86
Purchase Of Investment
-1.88
-5.31%
-1.79
+98.90%
-162.94
+27.30%
-224.14
Sale Of Investment
—
0.00
0.00
-100.00%
240.00
Net Business Purchase And Sale
0.00
+100.00%
-27.32
0.00
0.00
Purchase Of Business
—
-27.32
0.00
0.00
Net Other Investing Changes
-3.20
-129.99%
10.68
-33.95%
16.16
+33.67%
12.09
Financing Cash Flow
1,194.07
+215.70%
-1,032.09
-397.55%
346.86
-64.83%
986.22
Cash Flow From Continuing Financing Activities
1,194.07
+215.70%
-1,032.09
-397.55%
346.86
-64.83%
986.22
Net Issuance Payments Of Debt
1,564.93
+279.79%
-870.45
-254.14%
564.71
-54.19%
1,232.83
Issuance Of Debt
9,737.79
+649.87%
1,298.60
-69.96%
4,322.94
+43.95%
3,003.00
Repayment Of Debt
-8,172.85
-276.80%
-2,169.05
+42.29%
-3,758.23
-112.31%
-1,770.17
Long Term Debt Issuance
9,737.79
+649.87%
1,298.60
-69.96%
4,322.94
+43.95%
3,003.00
Long Term Debt Payments
-8,172.85
-276.80%
-2,169.05
+42.29%
-3,758.23
-112.31%
-1,770.17
Net Long Term Debt Issuance
1,564.93
+279.79%
-870.45
-254.14%
564.71
-54.19%
1,232.83
Net Common Stock Issuance
144.96
0.00
0.00
0.00
Common Stock Payments
—
—
—
—
Repurchase Of Capital Stock
—
—
—
—
Proceeds From Stock Option Exercised
-23.83
+5.95%
-25.33
-17.54%
-21.55
-37.11%
-15.72
Net Other Financing Charges
-491.99
-260.95%
-136.31
+30.56%
-196.30
+14.98%
-230.89
Changes In Cash
19.13
+109.04%
-211.65
+61.13%
-544.57
+2.70%
-559.66
Beginning Cash Position
190.76
-52.59%
402.42
-57.51%
946.99
-37.15%
1,506.65
End Cash Position
209.89
+10.03%
190.76
-52.59%
402.42
-57.51%
946.99
Free Cash Flow
-1,169.86
-239.46%
838.87
+212.65%
-744.65
+52.69%
-1,573.84
Interest Paid Supplemental Data
—
7,726,000.00
+839.33%
822,500.00
+9.58%
750,600.00
Income Tax Paid Supplemental Data
—
4,600.00
—
—
Common Stock Issuance
144.96
0.00
0.00
0.00
Issuance Of Capital Stock
144.96
0.00
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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