Norwegian Cruise Line Holdings financials
$14.80+3.42%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.83B | $9.48B | $8.55B | $4.84B | $648.0M | $1.28B | $6.46B | $6.06B | $5.40B | $4.87B |
| Gross profit | $4.19B | $3.79B | $3.08B | $576.7M | -$960.1M | -$413.2M | $2.80B | $3.95B | $4.39B | $3.92B |
| Gross margin | 42.6% | 40.0% | 36.0% | 11.9% | −148.2% | −32.3% | 43.3% | 65.3% | 81.4% | 80.4% |
| Operating income | $1.56B | $1.47B | $930.9M | -$1.55B | -$2.55B | -$3.48B | $1.18B | $1.22B | $1.05B | $925.5M |
| Net income | $423.2M | $910.3M | $166.2M | -$2.27B | -$4.51B | -$4.01B | $930.2M | $954.8M | $759.9M | $633.1M |
| Net margin | 4.3% | 9.6% | 1.9% | −46.9% | −695.5% | −313.5% | 14.4% | 15.8% | 14.1% | 13.0% |
| Diluted EPS | $0.92 | $1.89 | $0.39 | $-5.41 | $-12.33 | $-15.75 | $4.30 | $4.25 | $3.31 | $2.78 |
| EBITDA | $2.72B | $2.44B | $1.81B | -$741.7M | -$1.79B | -$1.14B | $1.83B | $1.79B | $1.57B | $1.37B |
| Operating cash flow | $2.09B | $2.05B | $2.01B | $210.0M | -$2.47B | -$2.56B | $1.82B | $2.08B | $1.60B | $1.26B |
| Free cash flow | -$1.17B | $838.9M | -$744.6M | -$1.57B | -$3.22B | -$3.50B | $185.4M | $508.4M | $229.0M | $172.0M |
| Diluted shares | 477.7M | 515.0M | 427.4M | 419.8M | 365.4M | 254.7M | 216.5M | 224.4M | 229.4M | 227.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $209.9M | $190.8M | $402.4M | $947.0M | $1.51B | $3.30B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $240.0M | — |
| Total debt | $14.61B | $13.10B | $14.06B | $14.94B | $12.45B | $11.81B |
| Total assets | $22.54B | $19.97B | $19.49B | $18.56B | $18.73B | $18.40B |
| Total liabilities | $20.33B | $18.54B | $19.19B | $18.49B | $16.30B | $14.05B |
| Shareholders' equity | $2.21B | $1.43B | $300.8M | $68.6M | $2.43B | $4.35B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology