Norwegian Cruise Line Holdings
NCLH
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- Norwegian Cruise Line Holdings is positioned to benefit from the recovering travel services industry as consumer demand for leisure travel continues to rise.
- Revenue increased by 13% compared to the prior quarter, reaching $2.6 billion.
- Operating margin expanded to 13.8%, indicating improved operational efficiency.
- High debt levels, with a debt-to-equity ratio of 621.05, pose a significant risk to financial stability.
- Free cash flow was negative at -$1.68 billion, raising concerns about liquidity.
- The current ratio is only 0.2, suggesting potential difficulties in meeting short-term obligations.
Fundamentals
| Market cap | $7.11B | Enterprise value | $22.87B | Trailing P/E | 9.56 | Forward P/E | 9.49 |
| PEG | 1.26 | Price / book | 2.76 | Beta | 1.96 | Dividend yield | 0.00% |
| Revenue growth | 4.9% | Earnings growth | 616.3% | Gross margin | 42.5% | Operating margin | 14.0% |
| Profit margin | 7.5% | ROE | 36.7% | ROA | 4.3% | Debt / equity | 6.21 |
| Current ratio | 0.20 | Free cash flow | -$1.68B | Analyst recommendation | buy | Mean target | $20.08 |
| 52w high | $25.13 | 52w low | $13.63 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | $2.3B | $2.2B | $2.9B | $2.5B | — |
| Op margin | 13.8% | 10.0% | 8.3% | 25.5% | 16.8% | — |
| Net income | $223M | $105M | $14.3M | $419M | $30.0M | — |
| Gross margin | 39.9% | 40.9% | 41.0% | 47.1% | 42.1% | — |
| Gross profit | $1.1B | $953M | $921M | $1.4B | $1.1B | — |
| Operating income | $363M | $233M | $187M | $749M | $424M | — |
- Revenue +13% vs prior quarter ($2.6B vs $2.3B).
- Gross margin 39.9% (was 40.9% prior quarter).
- Operating margin expanded to 13.8%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $9.8B | $9.5B | $8.5B | $4.8B | — |
| Op margin | 15.9% | 15.5% | 10.9% | -32.0% | — |
| Net income | $423M | $910M | $166M | -$2.3B | — |
| Gross margin | 42.6% | 40.0% | 36.0% | 11.9% | — |
| Gross profit | $4.2B | $3.8B | $3.1B | $577M | — |
| Operating income | $1.6B | $1.5B | $931M | -$1.6B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Goldman Sachs Adjusts Price Target on Norwegian Cruise Line to $14 From $15
2026-10-08 · What Should Carnival Stock Investors Be Watching Now?
2026-10-08 · Should You Buy, Sell or Hold Carnival Stock Post Q3 Earnings?
2026-10-08 · BNP Paribas Adjusts Price Target on Norwegian Cruise Line to $15 From $18
2026-10-07 · Norwegian Is Now Down 32% This Year: Is NCLH Stock Dead in the Water or Due for a Bounce?
2026-10-07 · S&P 500 Cruises to Record, Driven by Largest Names
2026-10-06 · Norwegian Climbs 5% as the Whole Cruise Group Runs; Royal Caribbean and Carnival Gain 4%
2026-10-06 · Can Royal Caribbean's Record 2027 Pricing Sustain Its Growth Run?
2026-10-05 · Norwegian Cruise Line (NCLH) Stock Drops Despite Market Gains: Important Facts to Note
2026-10-05 · 3 Out-of-Favor Stocks We Find Risky
2026-10-05 · Carnival Is Half Booked for FY27: Can Record Pricing Hold?
2026-10-02 · Norwegian Cruise Targets Earlier Bookings: Can It Ease Yield Pressure?
Price (daily)
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