Company Analysis

Norwegian Cruise Line Holdings Ltd. (NCLH)

NYSE: NCLH · Water Transportation · Miami, FL · filing with the SEC since 2011
Grade4.5
◀ Past 3.5● Present 4.7▶ Future 5.2
The companyfiscal 2025, as filed
Revenue$9.83B+3.7%
Net income$423M-53.5%
Earnings per share$0.92-51.3%
Operating cash flow$2.09B+1.9%
Cash$210M+10.0%
Debt$13.73B+16.6%
Shareholders’ equity$2.21B+55.0%
Shares, diluted477.7M-7.2%
Return on equity19.1%
The recordfrom its filings
Filings in 202670
Newest filingOct 30 · 8-K
Annual reportMar 2, 2026
Quarterly reportOct 29, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$100,000
Insider buys, 12 months$30.9M
Patents grantedn/a
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $10.16BNet income $833MCash from operations $2.17Bthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Norwegian Cruise Line Holdings reported third-quarter 2026 revenue of $2.9 billion on 29 October, with net income of $491 million against $419 million a year earlier 1.

Revenue was almost level with the year before, although capacity days, the berths available for sale times cruise days, rose 5.4 percent (computed) 12.

Net Yield, revenue less certain costs per berth-day, fell 6.5 percent, about 220 basis points better than the company's guidance of an 8.9 percent decline 1.

Chief executive John Chidsey credited "extraordinary close-in demand by consumers who deferred summer vacations and ultimately booked closer to departure" 8.

The company raised its 2026 outlook to adjusted EBITDA of about $2.55 billion and adjusted earnings per share of about $1.70 1.

The open question is debt: total debt was $15.1 billion and net leverage 5.5 times at 30 September 1.

The company expects Net Yield growth of 1 percent to 2 percent in 2027, and said its booked position for the first half of 2027 remains below the prior-year position 1.

Chief financial officer Mark Kempa moves to special adviser at the end of 2026, and Meghan Montana, 40, becomes chief financial officer on 1 January 2027 4.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

News

Oct 30, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Oct 29, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Oct 29, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Oct 29, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Oct 15, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Sep 30, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Aug 3, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
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SI Assistanton NCLH · research, not advice