Norwegian Cruise Line Holdings Ltd.
Company Stats
- Market Cap
- $6.7B
- as of Sep 30, 2026
- Enterprise Value
- $21.1B
- Shares Outstanding
- 459.2M
- Free Float
- 96.5%
Income Statement
- Revenue
- $9.8B
- Operating Income
- $1.6B
- Net Income
- $423.2M
- EBITDA
- $2.7B
- Revenue Growth, 3Y
- 26.6%
- FCF Margin, 3Y Avg
- -3.9%
- FCF Margin, Worst Year
- -11.9%
Cash Flow
- Free Cash Flow
- -$1.2B
- FCF Yield
- -17.4%
- Owner FCF Yield
- -18.7%
Balance Sheet
- Cash & Equivalents
- $209.9M
- Total Debt
- $14.6B
- Net Debt
- $14.4B
- Net Debt / EBITDA
- 5.29x
- EV / EBITDA
- 7.76x
- Net Debt / EBIT
- 9.22x
Returns & Capital
- SBC, 3Y Avg
- $99.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $9.8B | -$1.2B | -11.9% |
| FY2024 | $9.5B | $838.9M | 8.8% |
| FY2023 | $8.5B | -$744.6M | -8.7% |
| FY2022 | $4.8B | -$1.6B | -32.5% |
| FY2021 | $648.0M | -$3.2B | -497.1% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 31, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges