Norwegian Cruise Line Holdings (NCLH) Stock Price

Norwegian Cruise Line Holdings Price

🇺🇸NYSE·CLOSED
20.83USD
Market closed
Today +/-
Today %

Norwegian Cruise Line Holdings (NCLH) Stock | ISIN BMG667211046 | WKN A1KBL8. The current Norwegian Cruise Line Holdings stock price is 20.83 USD (2026). Revenue is 11.13 B USD. Net income is 1.2 B USD. The P/E ratio is 8.92. Market capitalization is 9.48 B USD. Norwegian Cruise Line Holdings operates in the Cyclical consumption sector.

Over the last 15 years Norwegian Cruise Line Holdings grew revenue by 11.5% annually, reaching 9.48 B USD. Earnings per share have grown at 10.9% per year over the last 15 years. For Norwegian Cruise Line Holdings, the net margin of 9.6% is up versus -313.5% a few years ago.

Norwegian Cruise Line Holdings stock price

Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Norwegian Cruise Line Holdings over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Norwegian Cruise Line Holdings stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Norwegian Cruise Line Holdings's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Norwegian Cruise Line Holdings Stock Price History
DateNorwegian Cruise Line Holdings Price
Access this data via the Eulerpool API

Norwegian Cruise Line Holdings Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2009
1.86 B USD
171.1 M USD
67 M USD
Jan 1, 2010
2.01 B USD
230.6 M USD
23 M USD
Jan 1, 2011
2.22 B USD
316.1 M USD
126.9 M USD
Jan 1, 2012
2.28 B USD
357.1 M USD
168.6 M USD
Jan 1, 2013
2.57 B USD
395.9 M USD
101.7 M USD
Jan 1, 2014
3.13 B USD
502.9 M USD
338.4 M USD
Jan 1, 2015
4.35 B USD
702.5 M USD
427.1 M USD
Jan 1, 2016
4.87 B USD
940.3 M USD
633.1 M USD
Jan 1, 2017
5.4 B USD
1.06 B USD
759.9 M USD
Jan 1, 2018
6.06 B USD
1.22 B USD
954.8 M USD
Jan 1, 2019
6.46 B USD
1.18 B USD
930.2 M USD
Jan 1, 2020
1.28 B USD
-1.88 B USD
-4.01 B USD
Jan 1, 2021
648 M USD
-2.55 B USD
-4.51 B USD
Jan 1, 2022
4.84 B USD
-1.54 B USD
-2.27 B USD
Jan 1, 2023
8.55 B USD
930.91 M USD
166.18 M USD

Norwegian Cruise Line Holdings Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 19, 2026, 7:02 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
20242025e2026e2027e2028e2029e2030e2031e
9.4810.1311.1311.8813.1913.8715.6116.27
10.886.859.96.7611.035.0912.544.24
39.9837.4234.0531.8928.7327.3324.2923.3
3.793.793.793.793.793.793.793.79
0.910.961.21.391.712.042.462.83
448.195.8224.8215.3923.1419.3220.5115.11
515.03515.03515.03515.03515.03515.03515.03515.03
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Norwegian Cruise Line Holdings generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Norwegian Cruise Line Holdings retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Norwegian Cruise Line Holdings's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Norwegian Cruise Line Holdings has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Norwegian Cruise Line Holdings's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Norwegian Cruise Line Holdings stock margins

The Norwegian Cruise Line Holdings margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Norwegian Cruise Line Holdings. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Norwegian Cruise Line Holdings.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2009
30.48 %
9.22 %
3.61 %
Jan 1, 2010
33.05 %
11.46 %
1.14 %
Jan 1, 2011
33.86 %
14.24 %
5.72 %
Jan 1, 2012
35.05 %
15.69 %
7.41 %
Jan 1, 2013
35.51 %
15.4 %
3.96 %
Jan 1, 2014
37.73 %
16.09 %
10.83 %
Jan 1, 2015
38.89 %
16.17 %
9.83 %
Jan 1, 2016
41.53 %
19.29 %
12.99 %
Jan 1, 2017
43.22 %
19.57 %
14.08 %
Jan 1, 2018
44.23 %
20.11 %
15.77 %
Jan 1, 2019
43.31 %
18.23 %
14.39 %
Jan 1, 2020
-32.28 %
-146.6 %
-313.5 %
Jan 1, 2021
-148.16 %
-393.89 %
-695.46 %
Jan 1, 2022
11.91 %
-31.78 %
-46.86 %
Jan 1, 2023
36.04 %
10.89 %
1.94 %

Norwegian Cruise Line Holdings Stock Revenue, EBIT, Earnings per Share

The Norwegian Cruise Line Holdings earnings per share therefore indicates how much revenue Norwegian Cruise Line Holdings has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2009
10.39 USD
0.96 USD
0.38 USD
Jan 1, 2010
11.27 USD
1.29 USD
0.13 USD
Jan 1, 2011
12.38 USD
1.76 USD
0.71 USD
Jan 1, 2012
12.72 USD
1.99 USD
0.94 USD
Jan 1, 2013
12.29 USD
1.89 USD
0.49 USD
Jan 1, 2014
14.74 USD
2.37 USD
1.6 USD
Jan 1, 2015
18.89 USD
3.05 USD
1.86 USD
Jan 1, 2016
21.39 USD
4.13 USD
2.78 USD
Jan 1, 2017
23.52 USD
4.6 USD
3.31 USD
Jan 1, 2018
26.98 USD
5.43 USD
4.25 USD
Jan 1, 2019
29.85 USD
5.44 USD
4.3 USD
Jan 1, 2020
5.03 USD
-7.37 USD
-15.75 USD
Jan 1, 2021
1.77 USD
-6.99 USD
-12.33 USD
Jan 1, 2022
11.54 USD
-3.67 USD
-5.41 USD
Jan 1, 2023
20 USD
2.18 USD
0.39 USD

Norwegian Cruise Line Holdings business model & stock analysis

Norwegian Cruise Line Holdings Ltd is an American company based in Miami, Florida. It was founded in 1966 by two Norwegian businessmen and is now one of the world's largest cruise companies. The company's business model is based on the sale of cruises and related products. It is divided into three main divisions: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Norwegian Cruise Line offers a wide range of cruises around the world, while Oceania Cruises focuses on luxury cruises and Regent Seven Seas Cruises offers the most exclusive cruises. The company also operates resorts and private islands in the Caribbean and Hawaii. Norwegian Cruise Line Holdings Ltd is known for its innovative ships and variety of travel options. It strives to exceed customer expectations and provide an unforgettable vacation experience.

Norwegian Cruise Line Holdings SWOT Analysis

Strengths

Norwegian Cruise Line Holdings Ltd has several strengths that contribute to its success:

  • Strong brand reputation and recognition in the cruise industry.
  • Modern and well-maintained fleet of ships, offering a variety of amenities and entertainment options.
  • High customer loyalty and repeat business.
  • Market-leading innovation, constantly introducing new and unique experiences on-board.
  • Geographic diversification, operating in various popular cruise destinations worldwide.
  • Efficient cost management and economies of scale.

Weaknesses

However, Norwegian Cruise Line Holdings Ltd also faces certain weaknesses:

  • Dependence on seasonal demand, making the company vulnerable to fluctuations in travel patterns.
  • Reliance on external suppliers for fuel and other resources, subject to market price volatility.
  • Occasional operational challenges, such as weather conditions or mechanical issues, affecting cruise itineraries.
  • Highly competitive industry, leading to potential pricing pressures.
  • Dependency on travel agent partners for a significant portion of bookings.

Opportunities

There are several opportunities that Norwegian Cruise Line Holdings Ltd can explore:

  • Expanding into emerging cruise markets, such as Asia and South America, to tap into growing demand.
  • Developing strategic partnerships with airlines, hotels, and other travel sectors to offer bundled vacation packages.
  • Capitalizing on the rising trend of experiential travel, focusing on unique and immersive on-board experiences.
  • Integrating sustainable practices and technologies to appeal to eco-conscious travelers.
  • Targeting niche markets, such as luxury or adventure cruises, to attract specialized customer segments.

Threats

Norwegian Cruise Line Holdings Ltd should be aware of the following threats:

  • Economic downturns and recessions impacting consumer discretionary spending, potentially reducing demand for leisure travel.
  • Geopolitical instability and travel restrictions affecting cruise destinations.
  • Changing consumer preferences and behaviors, including shifts towards alternative vacation options.
  • Stringent regulations and environmental policies impacting the company's operations.
  • Competitive pressures from other cruise operators, online travel agencies, and vacation rental platforms.

Norwegian Cruise Line Holdings Segments

Norwegian Cruise Line Holdings Revenue by Segment

  • 3 Years

  • 5 Years

  • Max

Onboard And Other
Passenger
This member stands for onboard and other
Details
Date
Onboard And Other
Passenger
This member stands for onboard and other
Jan 1, 2018
1.8 B USD
4.26 B USD
0 USD
Jan 1, 2019
0 USD
4.52 B USD
1.94 B USD
Jan 1, 2020
0 USD
867.11 M USD
412.8 M USD

Norwegian Cruise Line Holdings Revenue by Region

  • 3 Years

  • 5 Years

  • Max

North America
Other Country
Asia Pacific
Represents other region
Europe
Details
Date
North America
Other Country
Asia Pacific
Represents other region
Europe
Jan 1, 2017
3.29 B USD
368.26 M USD
394.63 M USD
0 USD
1.35 B USD
Jan 1, 2018
3.54 B USD
327.74 M USD
721.4 M USD
0 USD
1.46 B USD
Jan 1, 2019
3.81 B USD
0 USD
500.84 M USD
487.21 M USD
1.67 B USD
Jan 1, 2020
960.26 M USD
0 USD
152.98 M USD
139.07 M USD
27.6 M USD

Norwegian Cruise Line Holdings Eulerpool Fair Value

Norwegian Cruise Line Holdings historical P/E ratio, EBIT multiple, and P/S ratio

Norwegian Cruise Line Holdings annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Norwegian Cruise Line Holdings shares outstanding

The number of shares was Norwegian Cruise Line Holdings in 2025 — This indicates how many shares 515.031 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2009
178.5 M base_Shares
Jan 1, 2010
178.5 M base_Shares
Jan 1, 2011
179.3 M base_Shares
Jan 1, 2012
179 M base_Shares
Jan 1, 2013
209.2 M base_Shares
Jan 1, 2014
212 M base_Shares
Jan 1, 2015
230 M base_Shares
Jan 1, 2016
227.9 M base_Shares
Jan 1, 2017
229.4 M base_Shares
Jan 1, 2018
224.4 M base_Shares
Jan 1, 2019
216.5 M base_Shares
Jan 1, 2020
254.7 M base_Shares
Jan 1, 2021
365.4 M base_Shares
Jan 1, 2022
419.8 M base_Shares
Jan 1, 2023
427.4 M base_Shares
Price targets and forecasts for Norwegian Cruise Line Holdings are not yet available.

Norwegian Cruise Line Holdings Earnings Estimates

Norwegian Cruise Line Holdings Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/6/20260.15USD2.41 BUSD2026 Q1
4/28/20260.16USD2.41 BUSD2026 Q1
3/3/20260.27USD2.39 BUSD2025 Q4
3/2/20260.27USD2.39 BUSD2025 Q4
2/25/20260.27USD2.39 BUSD2025 Q4
4/29/2024-0.2USD2.07 BUSD2024 Q1
2/26/2024-0.14USD2 BUSD2023 Q4
11/8/2022-0.72USD1.61 BUSD2022 Q3
8/9/2022-0.88USD1.28 BUSD2022 Q2
5/10/2022-1.56USD748.55 MUSD2022 Q1

EESG©

Eulerpool ESG Scorecard© for the Norwegian Cruise Line Holdings stock

90/100
99
Environment
99
Social
71
Governance
E

Environment

20
Scope 1 - Direct Emissions3,242,719
Scope 2 - Indirect emissions from purchased energy5,579
Scope 3 - Indirect emissions within the value chain1,897,656
Total CO₂ emissions3,248,298
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees26
Percentage of women in management
Percentage of Asian employees3.6
Share of Asian management4.7
Percentage of Hispanic/Latino employees47.8
Hispano/Latino Management share46.53
Percentage of Black employees15.7
Black Management Share5.99
Percentage of white employees32.2
White Management Share42.54
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Norwegian Cruise Line Holdings shareholder structure

% Name
11.67206%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
11.42196%
Capital International Investors
Capital International Investors
5.58216%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
3.58024%
State Street Investment Management (US)
State Street Investment Management (US)
2.71699%
Ariel Investments, LLC
Ariel Investments, LLC
2.55594%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
2.16205%
Invesco Capital Management LLC
Invesco Capital Management LLC
1.77777%
Two Sigma Investments, LP
Two Sigma Investments, LP
1.36519%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
1.20962%
Citadel Advisors LLC
Citadel Advisors LLC
...

Norwegian Cruise Line Holdings Executives and Management Board

HS

Mr. Harry Sommer

(57)

President, Chief Executive Officer, Director · since 2015

Compensation12.81 M USD
JM

Mr. Jason Montague

(51)

Chief Luxury Officer - Oceania Cruises and Regent brands

Compensation6.65 M USD
MK

Mr. Mark Kempa

(53)

Chief Financial Officer, Executive Vice President

Compensation5.98 M USD
DF

Mr. Daniel Farkas

(56)

Executive Vice President, General Counsel, Chief Development Officer and Secretary

Compensation5.25 M USD
PD

Mr. Patrik Dahlgren

(48)

Executive Vice President, Chief Vessel Operations and Newbuild Officer

Compensation4.87 M USD

Norwegian Cruise Line Holdings Supply Chain

Frequently asked questions about Norwegian Cruise Line Holdings

The business model of Norwegian Cruise Line Holdings Ltd focuses on offering exceptional vacation experiences at sea. As one of the industry's leading cruise line operators, the company provides a wide range of cruise itineraries and destinations, catering to diverse customer preferences. Norwegian Cruise Line Holdings Ltd emphasizes innovation, quality, and personalized service to offer guests unforgettable journeys aboard its modern fleet. The company's extensive amenities, onboard activities, and entertainment options ensure a remarkable vacation experience. With a commitment to excellence, Norwegian Cruise Line Holdings Ltd continues to deliver exceptional value and create lasting memories for travelers worldwide.

All fundamentals and in-depth analysis of Norwegian Cruise Line Holdings

Our stock analysis for Norwegian Cruise Line Holdings Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Norwegian Cruise Line Holdings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.