Norwegian Cruise Line Holdings — NCLH

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$18.34$8.42B14.89.18.4%3.5%-3.5

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2020-12-31 $1,280M $-4,013M $-15.75 2024-02-03 03:17:10 N/A N/A N/A
1 2021-12-31 $648M $-4,507M $-12.33 2026-03-09 08:42:14 -49.4% 12.3% -21.7%
2 2022-12-31 $4,844M $-2,270M $-5.41 2026-05-29 09:12:21 647.5% -49.6% -56.1%
3 2023-12-31 $8,550M $166M $0.39 2026-05-29 09:12:21 76.5% -107.3% -107.2%
4 2024-12-31 $9,480M $910M $2.09 2026-05-29 09:12:21 10.9% 447.8% 435.9%
5 2025-12-31 $9,828M $423M $0.94 2026-05-29 09:12:21 3.7% -53.5% -55.0%
6 TTM 2026-03-31 $10,031M $568M $1.24 2026-05-11 09:12:42 2.1% 34.2% 31.9%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

NCLH Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) -49.4% 647.5% 76.5% 10.9% 3.7% 3.2% 6.8% 99.9%
Revenue Analysts (#) 0 0 0 0 0 0 19 20
EPS Growth (%) 12.3% -49.6% -107.3% 447.8% -53.5% 78.9% 22.3% 50.1%
EPS Analysts (#) 0 0 0 0 0 0 22 22

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward EPS projection history by FY Forward revenue projection history by FY

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) SG&A ($) Facilities / D&A ($)
2022 $4.8B $3.4B $1.4B $810.1M
2023 $8.5B $4.5B $1.3B $883.2M
2024 $9.5B $4.6B $1.4B $973.5M
2025 $9.8B $4.4B $1.5B $1.2B
TTM $10.0B $4.4B $1.6B $1.2B
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) SG&A Change (%) Facilities / D&A Change (%)
2023 76.51 32.81 -2.70 9.03
2024 10.87 2.69 6.93 10.22
2025 3.67 -5.14 7.95 19.37
TTM 2.07 0.95 4.41 2.65
No unmapped expenses.

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $23,795M
1 Cash $185M
2 Total Liabilities $21,363M
3 Total Debt $15,155M
4 Total Equity $2,431M
5 Debt to Equity Ratio 6.23

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$18.34 4.5% Nicks Growth: 11%
Nick's Expected Margin: 4%
FINVIZ Growth: 4%
Nicks: 19
Finviz: 9
Nick's: 0.754 0.8 14.8
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$1.24 EPS TTM $23.38 27.5% $11.66 -36.4%
$1.65 EPS 2026 $31.09 69.5% $15.51 -15.5%
$2.02 EPS 2027 $38.03 107.4% $18.97 3.4%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 9.05% 3.64% 9.16% 3.16% 1.80% 1.76% 8.41% 3.47% 36.0% 56.6%
3 Years 9.05% 3.64% 9.16% 3.16% 1.80% 1.76% 8.41% 3.47% 36.0% 56.6%
5 Years 9.05% 3.64% 9.16% 3.16% 1.80% 1.76% 8.41% 3.47% 36.0% 56.6%
10 Years 9.05% 3.64% 9.16% 3.16% 1.80% 1.76% 8.41% 3.47% 36.0% 56.6%

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