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.
At a glance
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% | 6.9% |
| 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 (6.9% 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.
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Revenue by year
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 |
Net income by year
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 |
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The companies