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NCLH Norwegian Cruise Line Holdings Ltd.

Trailing twelve months to 2026-06-30 · as filed 2026-08-03, not restated
Industrials

Scale

Market cap
$7.8bn
Revenue TTM
$10.2bn
Net income TTM
$761m
Free cash flow
$-1.2bn
Composite score
65.0
Sector rank
#837

Valuation

P / E
10.2
EV / EBITDA
2.7
EV / sales
0.7
FCF yield
-15.26%
Earnings yield vs 10-yr
5.06pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
7.5%
EBITDA margin
27.1%
ROE
29.6%
ROIC
65.1%
Revenue growth
6.2%

Insider activity, last 90 days

Net open-market
$24.99m
Buyers
1
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Geographic Concentration Although we sell cruises on an international basis, our passenger ticket revenue is primarily attributed to U.S.-sourced guests who make reservations through the U.S. Our revenue attributable to U.S.-sourced guests has approximated 84 % of total revenue over the preceding three fiscal years. As of June 30, 2026 and December 31, 2025, our receivables from customers were $ 98.6 million and $ 102.3 million, respectively, primarily related to in-transit credit card receivables. ​ Our contract liabilities are included within advance ticket sales. …Norwegian Cruise Line Holdings Ltd., 10-Q, period ended 2026-06-30, filed 2026-08-03

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