NCLH vs VIK
Norwegian Cruise Line Holdings Ltd. and Viking Holdings Ltd., side by side — 4 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NCLH | VIK |
|---|---|---|
| Revenue | $9.8B | $6.5B |
| Net income | $423.2M | $1.1B |
| Gross margin | 42.6% | 43.3% |
| Net margin | 4.3% | 17.7% |
| Return on equity | 23.3% | · |
| Diluted EPS | $0.92 | $2.57 |
| Dividend / share | · | · |
| Payout ratio | · | 0.0% |
| Free cash flow | $-1.2B | · |
| Equity | $2.2B | $1.1B |
| Net debt / equity | 6.12× | 1.70× |
| Current ratio | 0.21× | 0.79× |
| Revenue CAGR 5y | 50.3% | · |
| Profit CAGR 5y | · | · |
NCLH bills 1.5× the revenue of VIK, and VIK keeps more of each dollar of revenue as profit (17.7% 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.
4 years side by side
| Fiscal year | NCLH | VIK |
|---|---|---|
| FY2025 | $9.8B | $6.5B |
| FY2024 | $9.5B | $5.3B |
| FY2023 | $8.5B | $4.7B |
| FY2022 | $4.8B | $3.2B |
Bottom line
| Fiscal year | NCLH | VIK |
|---|---|---|
| FY2025 | $423.2M | $1.1B |
| FY2024 | $910.3M | $152.3M |
| FY2023 | $166.2M | $-1.9B |
| FY2022 | $-2.3B | $414.7M |
Standard deviation, each side
NCLH's net margin has been more volatile than VIK's over the 4 comparable fiscal years — 22.7 percentage points of standard deviation against 22.5.
4 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NCLH and VIK over these 4 fiscal years — NCLH led in 2 and VIK in 2.
4 of 15 comparable fiscal years — a year missing data on either side is not counted.