NYSE:NCLH
Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd.'s revenue grew 3.7% in fiscal 2025 to $9.8B while operating margin rose to 15.9%. Free cash flow was −$1.2B, −11.9% of revenue, and the diluted share count fell 7.2%.Summary generated from Norwegian Cruise Line Holdings Ltd.'s SEC filings. Latest annual report filed Mar 2, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$9.8B
Revenue growth+3.7%
Revenue, 5-yr CAGR+50.3%
Gross margin42.6%
Operating margin15.9%
Net margin4.3%
ROIC10.0%
Return on equity23.3%
Debt / equity6.61
Free cash flow−$1.2B
FCF margin−11.9%
Share count change−7.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 648 | 4,844 | 8,550 | 9,480 | 9,828 |
| Operating income | −2,552 | −1,552 | 931 | 1,466 | 1,561 |
| Net income | −4,507 | −2,270 | 166 | 910 | 423 |
| Free cash flow | −3,221 | −1,574 | −745 | 839 | −1,170 |
Recent filings
- 8-KRegulation FD disclosure
Sep 30, 2026 - 8-K/AAmended results of a shareholder vote
Aug 12, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 3, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KDirector or officer change
Jun 16, 2026 - 4Insider transaction report
Jun 3, 2026 - 8-KOther events
May 29, 2026 - 4Insider transaction report
May 26, 2026