NCLH vs ZIM
Norwegian Cruise Line Holdings Ltd. and ZIM Integrated Shipping Services Ltd., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NCLH | ZIM |
|---|---|---|
| Revenue | $9.8B | $6.9B |
| Net income | $423.2M | $479.2M |
| Gross margin | 42.6% | 19.1% |
| Net margin | 4.3% | 7.0% |
| Return on equity | 23.3% | 11.9% |
| Diluted EPS | $0.92 | $3.98 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $-1.2B | · |
| Equity | $2.2B | $4.0B |
| Net debt / equity | 6.12× | −0.24× |
| Current ratio | 0.21× | 1.23× |
| Revenue CAGR 5y | 50.3% | 11.6% |
| Profit CAGR 5y | · | −1.5% |
NCLH bills 1.4× the revenue of ZIM, and ZIM keeps more of each dollar of revenue as profit (7.0% 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.
8 years side by side
| Fiscal year | NCLH | ZIM |
|---|---|---|
| FY2025 | $9.8B | $6.9B |
| FY2024 | $9.5B | $8.4B |
| FY2023 | $8.5B | $5.2B |
| FY2022 | $4.8B | $12.6B |
| FY2021 | $648.0M | $10.7B |
| FY2020 | $1.3B | $4.0B |
| FY2019 | $6.5B | $3.3B |
| FY2018 | $6.1B | $3.2B |
Bottom line
| Fiscal year | NCLH | ZIM |
|---|---|---|
| FY2025 | $423.2M | $479.2M |
| FY2024 | $910.3M | $2.1B |
| FY2023 | $166.2M | $-2.7B |
| FY2022 | $-2.3B | $4.6B |
| FY2021 | $-4.5B | $4.6B |
| FY2020 | $-4.0B | $518.0M |
| FY2019 | $930.2M | $-18.1M |
| FY2018 | $954.8M | $-125.7M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,923,392,000 | NCLH |
| FY2024 | +$1,052,251,000 | NCLH |
| FY2023 | +$3,387,724,000 | NCLH |
| FY2022 | −$7,717,840,000 | ZIM |
| FY2021 | −$10,080,714,000 | ZIM |
| FY2020 | −$2,711,792,000 | ZIM |
| FY2019 | +$3,162,615,000 | NCLH |
| FY2018 | +$2,807,262,000 | NCLH |
The higher-revenue side has changed between NCLH and ZIM over this period. The gap has widened since the earliest year compared.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ZIM's net margin has been more volatile than NCLH's over the 3 comparable fiscal years — 25.7 percentage points of standard deviation against 6.0.
3 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 ZIM over these 3 fiscal years — NCLH led in 2 and ZIM in 1.
3 of 15 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 ZIM's over the 5 comparable fiscal years — 117.1 percentage points of standard deviation against 84.6.
5 of 15 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 NCLH and ZIM over these 5 fiscal years — NCLH led in 3 and ZIM in 2.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.