MARKETS / NYSE / NCLH
NYSE · WATER TRANSPORTATION · LARGE CAP

Norwegian Cruise Line Holdings Ltd. NCLH

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$9.8B
▲ 3.7% vs FY2024
EPS · FY25
$0.92
Dividend / sh · FY25
Payout · FY25
ROE · FY25
23.3%
Net margin · FY25
4.3%
Dividend coverage
Advertisement
AdSense · Leaderboard 728×90320×100
Result
USD 9.8B
Revenue, FY2025 · full 15-year series below
Revenue Net income
2.557.5109.80.4201120142017202020232025
2.557.5109.80.42016201920222025

4 cents of every revenue dollar became profit this year.

Per share
USD 0.92
Diluted EPS, FY2025
EPS
2460.92201120142017202020232025
2460.922016201920222025

The company pays no cash dividend.

Profitability
23.3%
Return on equity, FY2025
ROE
408012023.3%201120142017202020232025
408012023.3%2016201920222025
Operating margin15.9%
Net margin4.3%
Return on assets2.0%

Each USD of equity produced 23 cents of profit this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+50.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+26.6%
+50.3%
+8.5%
Net income
−0.1%
EPS, diluted
−6.8%
Returned to shareholders
+100.7%
+35.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.46B
Shares outstanding, FY2025
0.020.46201120142017202020232025
0.230.462016201920222025
Change, 5 years+44.2%
Change, 10 years+99.8%

The share count grew 44% in five years — the same company, cut into more, smaller slices.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 22.5B
total assets, end of FY2025
Total assetsUSD 22.5B
EquityUSD 2.2B
CashUSD 209.9M
Gross debtUSD 13.7B
Net debtUSD 13.5B
Current ratio0.21×

Net debt stands at 612% of equity.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue $B
9.8
9.5
8.5
4.8
0.6
1.3
6.5
6.1
5.4
4.9
4.3
3.1
2.6
2.3
2.2
Operating income $B
1.6
1.5
0.9
−1.6
−2.6
−3.5
1.2
1.2
1.0
0.9
0.7
0.5
0.4
0.4
0.3
EBITDA $B
2.7
2.4
1.8
−0.7
−1.8
−2.7
1.8
1.8
1.6
1.4
1.2
0.8
0.6
0.6
0.5
Income tax $B
0.0
−0.1
−0.0
−0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
Net income $B
0.4
0.9
0.2
−2.3
−4.5
−4.0
0.9
1.0
0.8
0.6
0.4
0.3
0.1
0.2
0.1
EPS, diluted $
0.92
1.89
0.39
−5.41
−12.33
−15.75
4.30
4.25
3.31
2.78
1.86
1.62
0.49
0.94
0.71
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
23.3
105.5
90.0
−181.5
−132.8
−73.8
14.9
16.3
14.8
15.2
11.7
11.0
4.4
8.4
·
Shares out B
0.46
0.44
0.43
0.42
0.42
0.32
0.21
0.22
0.23
0.23
0.23
0.23
0.21
0.02
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
43 of 43
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed