KEX vs NCLH
Kirby Corp. and Norwegian Cruise Line Holdings Ltd., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | KEX | NCLH |
|---|---|---|
| Revenue | $3.4B | $9.8B |
| Net income | $354.6M | $423.2M |
| Gross margin | · | 42.6% |
| Net margin | 10.6% | 4.3% |
| Return on equity | 10.5% | 23.3% |
| Diluted EPS | $6.33 | $0.92 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $405.7M | $-1.2B |
| Equity | $3.4B | $2.2B |
| Net debt / equity | 0.25× | 6.12× |
| Current ratio | 1.53× | 0.21× |
| Revenue CAGR 5y | 9.2% | 50.3% |
| Profit CAGR 5y | · | · |
NCLH bills 2.9× the revenue of KEX, and KEX keeps more of each dollar of revenue as profit (10.6% against 4.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | KEX | NCLH |
|---|---|---|
| FY2025 | $3.4B | $9.8B |
| FY2024 | $3.3B | $9.5B |
| FY2023 | $3.1B | $8.5B |
| FY2022 | $2.8B | $4.8B |
| FY2021 | $2.2B | $648.0M |
| FY2020 | $2.2B | $1.3B |
| FY2019 | $2.8B | $6.5B |
| FY2018 | $3.0B | $6.1B |
| FY2017 | $2.2B | $5.4B |
| FY2016 | $1.8B | $4.9B |
Bottom line
| Fiscal year | KEX | NCLH |
|---|---|---|
| FY2025 | $354.6M | $423.2M |
| FY2024 | $286.7M | $910.3M |
| FY2023 | $222.9M | $166.2M |
| FY2022 | $122.3M | $-2.3B |
| FY2021 | $-247.0M | $-4.5B |
| FY2020 | $-272.5M | $-4.0B |
| FY2019 | $142.3M | $930.2M |
| FY2018 | $78.5M | $954.8M |
| FY2017 | $313.2M | $759.9M |
| FY2016 | $141.4M | $633.1M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$6,463,542,000 | NCLH |
| FY2024 | −$6,213,775,000 | NCLH |
| FY2023 | −$5,458,284,000 | NCLH |
| FY2022 | −$2,059,006,000 | NCLH |
| FY2021 | +$1,598,674,000 | KEX |
| FY2020 | +$891,500,000 | KEX |
| FY2019 | −$3,623,977,000 | NCLH |
| FY2018 | −$3,084,429,000 | NCLH |
| FY2017 | −$3,181,757,000 | NCLH |
| FY2016 | −$3,103,667,000 | NCLH |
| FY2015 | −$2,197,516,000 | NCLH |
| FY2014 | −$559,563,000 | NCLH |
| FY2013 | −$328,099,000 | NCLH |
| FY2012 | −$163,588,000 | NCLH |
| FY2011 | −$368,907,000 | NCLH |
The higher-revenue side has changed between KEX and NCLH over this period. The gap has widened since the earliest year compared.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.3 pp | KEX |
| FY2024 | −0.8 pp | NCLH |
| FY2023 | +5.3 pp | KEX |
| FY2022 | +51.3 pp | KEX |
| FY2021 | +684.5 pp | KEX |
| FY2020 | +301.0 pp | KEX |
| FY2019 | −9.4 pp | NCLH |
| FY2018 | −13.1 pp | NCLH |
| FY2017 | +0.1 pp | KEX |
| FY2016 | −4.9 pp | NCLH |
| FY2015 | +0.8 pp | KEX |
| FY2014 | +0.1 pp | KEX |
| FY2013 | +7.4 pp | KEX |
| FY2012 | +2.7 pp | KEX |
| FY2011 | +4.3 pp | KEX |
The higher net margin has changed hands between KEX and NCLH over this period.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NCLH's net margin has been more volatile than KEX's over the 15 comparable fiscal years — 187.2 percentage points of standard deviation against 7.6.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between KEX and NCLH over these 15 fiscal years — KEX led in 11 and NCLH in 4.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NCLH's return on equity has been more volatile than KEX's over the 15 comparable fiscal years — 71.6 percentage points of standard deviation against 7.0.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between KEX and NCLH over these 15 fiscal years — KEX led in 7 and NCLH in 8.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.