NORWEGIAN CRUISE LINE HOLDINGS LTD. financials

NCLH CIK 0001513761

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:12:02Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow -1.17B 838.87M -744.65M -1.57B -3.22B -3.50B
EBITDA 2.72B 2.44B 1.81B -741.70M -1.79B -2.74B
Working Capital -4.31B -4.77B -4.73B -3.18B -428.86M 1.64B
Net Debt 15.71B 14.01B 14.69B 13.54B 11.83B 9.05B
Gross Margin 42.62% 39.99% 36.04% 11.91% -148.16% -32.28%
Operating Margin 15.88% 15.46% 10.89% -32.04% -393.89% -272.22%
Net Margin 4.31% 9.60% 1.94% -46.86% -695.48% -313.50%
Return on Equity (ROE) 19.15% 63.86% 55.24% -3309.34% -185.25% -92.15%
Return on Assets (ROA) 1.88% 4.56% 0.85% -12.23% -24.06% -21.81%
Current Ratio 0.2088 0.1747 0.2175 0.3705 0.885 1.8588
Debt-to-Equity 7.2061 9.965 50.1881 211.1527 5.4825 2.8376
Effective Tax Rate 1.28% -17.77% -1.84% 0.30% -0.12% -0.31%
Cash Conversion Ratio 4.9374 2.2519 12.0697 -0.0925 0.5476 0.6371
Accruals Ratio -0.0739 -0.0571 -0.0944 -0.1336 -0.1088 -0.0791
SBC % of Revenue 0.90% 0.97% 1.39% 2.34% 19.15% 8.70%
CapEx Coverage 0.6411 1.6927 0.7293 0.1177 -3.2783 -2.7006
Free Cash Flow Per Share $-2.45 $1.63 $-1.74 $-3.75 $-8.81 $-13.75

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 24.2609 13.6138 51.3846
P/FCF 15.7969
FCF Yield 6.33%
EV / EBITDA 9.5028 10.3842 12.8008
P/S 1.034 1.1939 0.9974 1.0649 13.3434 6.2713
P/B 4.5981 7.9398 28.3503 75.2009 3.5543 1.8435

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cost of Goods and Services Sold 5.64B 5.69B 5.47B 4.27B 1.61B 1.69B
Selling, General and Administrative Expense 1.55B 1.43B 1.34B 1.38B 891.45M 745.35M
Operating Expenses 2.63B 2.33B 2.15B 2.13B 1.59B 3.07B
Operating Income (Loss) 1.56B 1.47B 930.91M -1.55B -2.55B -3.48B
Income Tax Expense (Benefit) 5.47M -137.35M -3.00M -6.79M 5.27M 12.47M
Net Income (Loss) Attributable to Parent 423.25M 910.26M 166.18M -2.27B -4.51B -4.01B
Earnings Per Share, Basic $0.94 $2.09 $0.39 $-5.41 $-12.33 $-15.75
Weighted Average Number of Shares Outstanding, Basic 448.54M 435.28M 424.42M 419.77M 365.45M 254.73M
Earnings Per Share, Diluted $0.92 $1.89 $0.39 $-5.41 $-12.33 $-15.75
Weighted Average Number of Shares Outstanding, Diluted 477.74M 515.03M 427.40M 419.77M 365.45M 254.73M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 209.89M 190.76M 402.42M 946.99M 1.51B 3.30B
Assets, Current 1.14B 1.01B 1.31B 1.87B 3.30B 3.56B
Assets 22.54B 19.97B 19.49B 18.56B 18.73B 18.40B
Long-term Debt 1.55B
Liabilities, Current 5.45B 5.78B 6.04B 5.05B 3.73B 1.91B
Liabilities 20.33B 18.54B 19.19B 18.49B 16.30B 14.05B
Stockholders' Equity Attributable to Parent 2.21B 1.43B 300.81M 68.59M 2.43B 4.35B
Common Stock, Shares, Outstanding 455.26M 439.86M 425.55M 421.41M 416.89M 315.64M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 2.09B 2.05B 2.01B 210.02M -2.47B -2.56B
Payments to Acquire Property, Plant, and Equipment 3.26B 1.21B 2.75B 1.78B 752.84M 946.54M
Net Cash Provided by (Used in) Investing Activities -3.26B -1.23B -2.90B -1.76B -1.00B -975.36M
Net Cash Provided by (Used in) Financing Activities 1.19B -1.03B 346.86M 986.22M 1.68B 6.58B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

23 concepts 3 units
Unit US$ · 17 concepts
Label Value Period
Revenue from Contract with Customer, Including Assessed Tax 9.83B 2025-01-01 → 2025-12-31
Amortization of Debt Issuance Costs 81.60M 2025-01-01 → 2025-12-31
Cost of Property Repairs and Maintenance 212.00M 2025-01-01 → 2025-12-31
Fuel Costs 675.89M 2025-01-01 → 2025-12-31
Cost of Goods and Services Sold 5.64B 2025-01-01 → 2025-12-31
Depreciation, Depletion and Amortization, Nonproduction 1.08B 2025-01-01 → 2025-12-31
Advertising Expense 622.10M 2025-01-01 → 2025-12-31
Selling, General and Administrative Expense 1.55B 2025-01-01 → 2025-12-31
Operating Expenses 2.63B 2025-01-01 → 2025-12-31
Operating Income (Loss) 1.56B 2025-01-01 → 2025-12-31
Foreign Currency Transaction Gain (Loss), before Tax -180.30M 2025-01-01 → 2025-12-31
Other Nonoperating Income (Expense) -178.64M 2025-01-01 → 2025-12-31
Nonoperating Income (Expense) -1.13B 2025-01-01 → 2025-12-31
Gain (Loss) on Extinguishment of Debt -272.08M 2025-01-01 → 2025-12-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 428.72M 2025-01-01 → 2025-12-31
Income Tax Expense (Benefit) 5.47M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Parent 423.25M 2025-01-01 → 2025-12-31
Unit shares · 4 concepts
Unit US$ / share · 2 concepts
Label Value Period
Earnings Per Share, Basic $0.94 2025-01-01 → 2025-12-31
Earnings Per Share, Diluted $0.92 2025-01-01 → 2025-12-31

Balance Sheet

38 concepts 3 units
Unit US$ · 34 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 209.89M as of 2025-12-31
Accounts Receivable, Allowance for Credit Loss, Current 12.50M as of 2025-12-31
Accounts Receivable, after Allowance for Credit Loss, Current 291.66M as of 2025-12-31
Inventory, Net 138.18M as of 2025-12-31
Assets, Current 1.14B as of 2025-12-31
Operating Lease, Right-of-Use Asset 1.09B as of 2025-12-31
Property, Plant and Equipment, Gross 27.35B as of 2025-12-31
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 8.28B as of 2025-12-31
Property, Plant and Equipment, Net 19.07B as of 2025-12-31
Long-term Debt and Lease Obligation, Including Current Maturities 14.99B as of 2025-12-31
Goodwill 135.76M as of 2025-12-31
Intangible Assets, Net (Excluding Goodwill) 500.52M as of 2025-12-31
Derivative Liability 25.15M as of 2025-12-31
Other Assets, Noncurrent 1.70B as of 2025-12-31
Interest Payable 181.20M as of 2025-12-31
Contract with Customer, Liability 2.30B as of 2025-12-31
Operating Lease, Liability 929.96M as of 2025-12-31
Assets 22.54B as of 2025-12-31
Accounts Payable, Current 169.66M as of 2025-12-31
Contract with Customer, Liability, Current 3.20B as of 2025-12-31
Debt and Lease Obligation 14.61B as of 2025-12-31
Long-term Debt and Lease Obligation, Current 875.90M as of 2025-12-31
Liabilities, Current 5.45B as of 2025-12-31
Long-term Debt and Lease Obligation 13.73B as of 2025-12-31
Other Liabilities, Noncurrent 1.15B as of 2025-12-31
Operating Lease, Liability, Noncurrent 897.90M as of 2025-12-31
Liabilities 20.33B as of 2025-12-31
Common Stock, Value, Issued 455.00K as of 2025-12-31
Additional Paid in Capital, Common Stock 8.23B as of 2025-12-31
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax 5.17M as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax -451.37M as of 2025-12-31
Retained Earnings (Accumulated Deficit) -5.57B as of 2025-12-31
Stockholders' Equity Attributable to Parent 2.21B as of 2025-12-31
Liabilities and Equity 22.54B as of 2025-12-31
Unit shares · 3 concepts
Label Value Period
Common Stock, Shares Authorized 980.00M as of 2025-12-31
Common Stock, Shares, Issued 455.26M as of 2025-12-31
Common Stock, Shares, Outstanding 455.26M as of 2025-12-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.00 as of 2025-12-31

Cash Flow Statement

30 concepts 1 unit
Unit US$ · 30 concepts
Label Value Period
Income Taxes Paid 18.60M 2025-01-01 → 2025-12-31
Unrealized Gain (Loss) on Derivatives -389.00K 2025-01-01 → 2025-12-31
Foreign Currency Transaction Gain (Loss), Unrealized -135.40M 2025-01-01 → 2025-12-31
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities -15.33M 2025-01-01 → 2025-12-31
Depreciation, Depletion and Amortization 1.16B 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Noncash Expense 88.39M 2025-01-01 → 2025-12-31
Operating Lease, Payments 86.11M 2025-01-01 → 2025-12-31
Interest Paid, Excluding Capitalized Interest, Operating Activities 952.00M 2025-01-01 → 2025-12-31
Deferred Income Tax Expense (Benefit) 4.34M 2025-01-01 → 2025-12-31
Deferred Income Taxes and Tax Credits 2.31M 2025-01-01 → 2025-12-31
Increase (Decrease) in Accounts Receivable 73.77M 2025-01-01 → 2025-12-31
Capital Expenditures Incurred but Not yet Paid 60.50M 2025-01-01 → 2025-12-31
Increase (Decrease) in Inventories -11.02M 2025-01-01 → 2025-12-31
Increase (Decrease) in Prepaid Expense and Other Assets -17.80M 2025-01-01 → 2025-12-31
Increase (Decrease) in Contract with Customer, Liability 66.30M 2025-01-01 → 2025-12-31
Increase (Decrease) in Accounts Payable -1.52M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Operating Activities 2.09B 2025-01-01 → 2025-12-31
Payments to Acquire Property, Plant, and Equipment 3.26B 2025-01-01 → 2025-12-31
Payments for Derivative Instrument, Investing Activities 1.88M 2025-01-01 → 2025-12-31
Payments for (Proceeds from) Other Investing Activities 3.20M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Investing Activities -3.26B 2025-01-01 → 2025-12-31
Proceeds from Issuance of Long-term Debt 9.74B 2025-01-01 → 2025-12-31
Repayments of Long-term Debt 8.17B 2025-01-01 → 2025-12-31
Payments of Debt Issuance Costs 253.87M 2025-01-01 → 2025-12-31
Proceeds from Issuance of Common Stock 144.96M 2025-01-01 → 2025-12-31
Payment for Debt Extinguishment or Debt Prepayment Cost 238.13M 2025-01-01 → 2025-12-31
Payment, Tax Withholding, Share-based Payment Arrangement 23.83M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Financing Activities 1.19B 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 19.13M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 209.89M as of 2025-12-31

Notes

89 concepts 4 units
Unit US$ · 79 concepts
Label Value Period
Current Federal, State and Local, Tax Expense (Benefit) 0 2025-01-01 → 2025-12-31
Current Income Tax Expense (Benefit) 1.13M 2025-01-01 → 2025-12-31
Deferred Federal, State and Local, Tax Expense (Benefit) 0 2025-01-01 → 2025-12-31
Operating Lease, Liability, Current 32.06M as of 2025-12-31
Prepaid Expense and Other Assets, Current 498.81M as of 2025-12-31
Share-based Payment Arrangement, Expense 88.39M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount 64.31M 2025-01-01 → 2025-12-31
Long-term Debt, Fair Value 14.10B as of 2025-12-31
Interest Income (Expense), Nonoperating, Net -953.51M 2025-01-01 → 2025-12-31
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred 34.70M 2025-01-01 → 2025-12-31
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities 13.92M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Parent, Diluted 437.17M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount 141.82M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount 79.58M 2025-01-01 → 2025-12-31
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount -2.07M 2025-01-01 → 2025-12-31
Guarantor Obligations, Maximum Exposure, Undiscounted 32.00M as of 2025-12-31
Derivative Asset, Fair Value, Amount Not Offset Against Collateral 33.31M as of 2025-12-31
Derivative Liability, Fair Value, Amount Not Offset Against Collateral 3.03M as of 2025-12-31
Defined Benefit Plan, Service Cost 2.21M 2025-01-01 → 2025-12-31
Derivative, Fair Value, Net 33.31M as of 2025-12-31
Defined Benefit Plan, Interest Cost 1.68M 2025-01-01 → 2025-12-31
Defined Benefit Plan, Amortization of Gain (Loss) 315.00K 2025-01-01 → 2025-12-31
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) 378.00K 2025-01-01 → 2025-12-31
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 3.95M 2025-01-01 → 2025-12-31
Defined Benefit Plan, Benefit Obligation 34.73M as of 2025-12-31
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) 1.03M 2025-01-01 → 2025-12-31
Defined Benefit Plan, Benefit Obligation, Benefits Paid 1.42M 2025-01-01 → 2025-12-31
Deferred Tax Assets, Operating Loss Carryforwards 812.88M as of 2025-12-31
Stock Issued During Period, Value, New Issues 144.96M 2025-01-01 → 2025-12-31
Derivative Liability, Fair Value, Amount Offset Against Collateral 116.00K as of 2025-12-31
Fair Value, Option, Aggregate Differences, Long-term Debt Instruments -900.00M as of 2025-12-31
Operating Lease, Cost 58.54M 2025-01-01 → 2025-12-31
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position 34.73M as of 2025-12-31
Short-term Lease, Cost 42.81M 2025-01-01 → 2025-12-31
Variable Lease, Cost 35.33M 2025-01-01 → 2025-12-31
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 137.85M 2025-01-01 → 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year One 90.92M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Two 81.25M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Three 75.47M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Four 77.11M as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Tax -6.68M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Five 79.05M as of 2025-12-31
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax -1.51M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, after Year Five 1.76B as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid 2.16B as of 2025-12-31
Deferred Tax Assets, Other 38.73M as of 2025-12-31
Deferred Tax Assets, Valuation Allowance 638.23M as of 2025-12-31
Deferred Tax Assets, Net of Valuation Allowance 213.37M as of 2025-12-31
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.23B as of 2025-12-31
Deferred Tax Liabilities, Gross 58.32M as of 2025-12-31
Deferred Tax Assets, Net 155.05M as of 2025-12-31
Deferred Tax Liabilities, Property, Plant and Equipment 58.32M as of 2025-12-31
Defined Benefit Plan, Expected Future Benefit Payment, Year One 1.89M as of 2025-12-31
Defined Benefit Plan, Expected Future Benefit Payment, Year Two 2.15M as of 2025-12-31
Defined Benefit Plan, Expected Future Benefit Payment, Year Three 2.44M as of 2025-12-31
Defined Benefit Plan, Expected Future Benefit Payment, Year Four 2.88M as of 2025-12-31
Defined Benefit Plan, Expected Future Benefit Payment, Year Five 3.12M as of 2025-12-31
Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years 20.05M as of 2025-12-31
Long-Term Debt, Maturity, Year One 875.90M as of 2025-12-31
Defined Contribution Plan, Cost 15.30M 2025-01-01 → 2025-12-31
Long-Term Debt, Maturity, Year Two 1.04B as of 2025-12-31
Long-Term Debt, Maturity, Year Three 1.27B as of 2025-12-31
Long-Term Debt, Maturity, Year Four 1.30B as of 2025-12-31
Long-Term Debt, Maturity, Year Five 3.81B as of 2025-12-31
Long-Term Debt, Maturity, after Year Five 6.71B as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year One 2.68M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Two 2.68M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Three 2.68M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Four 2.68M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Five 2.68M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, after Year Five 23.90M as of 2025-12-31
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received 37.31M as of 2025-12-31
Income (Loss) from Continuing Operations before Income Taxes, Domestic 401.87M 2025-01-01 → 2025-12-31
Income (Loss) from Continuing Operations before Income Taxes, Foreign 26.85M 2025-01-01 → 2025-12-31
Other Receivables 105.50M as of 2025-12-31
Interest Costs Capitalized 88.50M 2025-01-01 → 2025-12-31
Derivative Liability, Fair Value, Gross Liability 28.30M as of 2025-12-31
Derivative Asset, Fair Value, Gross Asset 33.31M as of 2025-12-31
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 88.39M 2025-01-01 → 2025-12-31
Unit item · 1 concept
Label Value Period
Number of Reporting Units 3 2025-01-01 → 2025-12-31
Unit segment · 1 concept
Label Value Period
Number of Reportable Segments 1 2025-01-01 → 2025-12-31

Other

1 concepts 1 unit
Unit US$ · 1 concept
Label Value Period
Stock Issued During Period, Value, Conversion of Convertible Securities 96.01M 2025-01-01 → 2025-12-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NCLH CIK 0001513761), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.