OakChart

Norwegian Cruise Line Holdings Ltd

NCLHConsumer Cyclical·Travel Services·USA·Mid·NYSE·Nov 11 • 3:59 PM ET

18.82+0.31 (1.67%)
2026-11-11 22:38 CET
Market cap
8,501.18 USD m
Revenue, TTM
10,162.93 USD m
Net income, TTM
832.94 USD m
Free cash flow, TTM
-564.22 USD m
EPS diluted, TTM
1.80
P/E
10.43
Compare

Price

NCLH against its 20, 50 and 200-day averages
2050200beat
14.0016.0018.0020.0022.0034.0M68.0MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NCLHclose 18.8220-day 16.7950-day 15.62200-day 18.5718.8252w low

25.1% under the 52-week high of 25.13 on 8 Jan 2026. 52-week low 13.63 on 23 Sep 2026. Last 15 sessions, 31.3% high to low

Volume 0.83× normal · the line is the 50-bar volume average

Profile

NCLH
52-week range, 45% of the way up
13.6325.12

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It offers cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company was founded in 1966 and is headquartered in Miami, FL.

IndexS&P 500, RUI
Employees44500
IPOJan 18, 2013
Beta1.95
ATR, 14d0.79
Rel volume0.83
Short float18.19%
Insider own1.11%
Inst own106.65%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap8.64B
Enterprise Value24.41B
Income832.94M
Sales10.16B
Book/sh6.86
Cash/sh0.56
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees44500
IPOJan 18, 2013

Ratios

P/E10.43
Forward P/E13.39
PEG-
P/S0.85
P/B2.74
P/C33.70
P/FCF-
EV/EBITDA9.17
EV/Sales2.40
Quick Ratio0.19
Current Ratio0.22
Debt/Eq5.09
LT Debt/Eq4.72
Option/ShortYes / Yes

Earnings

EPS (ttm)1.80
EPS next Y1.41
EPS next Q-0.11
EPS this Y-19.78%
EPS next Y-16.98%
EPS next 5Y-5.85%
EPS past 3/5Y- -
Sales past 3/5Y26.60% 50.33%
EPS Y/Y TTM22.30%
Sales Y/Y TTM4.85%
EPS Q/Q26.20%
Sales Q/Q0.29%
EarningsOct 29 BMO
EPS/Sales Surpr.19.91% 2.33%

Ownership

Insider Own1.11%
Insider Trans47.17%
Inst Own106.65%
Inst Trans4.93%
ROA3.60%
ROE31.18%
ROIC4.63%
Gross Margin29.99%
Oper. Margin14.17%
Profit Margin8.20%
SMA2012.09%
SMA5020.45%
SMA2001.34%
Trades-

Technical

Shs Outstand459.27M
Shs Float454.18M
Short Float18.19%
Short Ratio4.34
Short Interest82.63M
52W High25.12 -25.09%
52W Low13.63 38.07%
Volatility4.37% 4.18%
ATR (14)0.79
RSI (14)66.72
Beta1.95
Rel Volume0.83
Avg Volume19.06M
Volume15,774,936

Performance

Perf Week1.18%
Perf Month22.85%
Perf Quarter-3.73%
Perf Half Y17.19%
Perf YTD-15.68%
Perf Year0.00%
Perf 3Y42.79%
Perf 5Y-28.44%
Perf 10Y-51.02%
Recom2.45
Target Price19.39
Prev Close18.51
Price18.82
Change %1.67%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 23, 2026DowngradeJJP MorganNeutral → Underweight$11-41.6%
Aug 18, 2026DowngradeMMizuhoOutperform → Neutral$17-9.7%
Jul 23, 2026DowngradeTTruistBuy → Hold$20+6.3%
Jul 08, 2026InitiatedBBMO Capital MarketsMarket Perform$21+11.6%
Jun 03, 2026InitiatedBBernsteinMkt Perform$18-4.4%
Jun 01, 2026InitiatedLLoop CapitalBuy$22+16.9%
May 06, 2026DowngradeNNorthcoastBuy → Neutral
Feb 13, 2026DowngradeJJP MorganOverweight → Neutral$20+6.3%
Feb 11, 2026DowngradeBBarclaysOverweight → Equal Weight$23+22.2%
Jan 20, 2026ReiteratedJJP MorganOverweight$40 → $28+48.8%

Peers

Mkt cap
TickerCompanyMkt cap
CCLCarnival Corp Ltd41.25B
RCLRoyal Caribbean Group89.65B
VIKViking Holdings Ltd40.22B
LINDLindblad Expeditions Holdings Inc2.29B
TNLTravel+Leisure Co4.82B
EXPEExpedia Group Inc31.18B
BKNGBooking Holdings Inc119.15B
OSWOneSpaWorld Holdings Limited3.15B
HGVHilton Grand Vacations Inc3.44B
MARMarriott International Inc110.52B

Insider trading

13 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
PAGLIUCA STEPHEN GDirectorJun 01 '26Buy18.16695,00012,621,200703,912Jun 03 04:15 PM
PAGLIUCA STEPHEN GDirectorJun 02 '26Buy18.06685,00012,371,1001,388,912Jun 03 04:15 PM
CHIDSEY JOHNPresident and CEOMay 22 '26Buy16.37153,0002,504,6101,139,940May 26 04:49 PM
COHEN JONATHAN ZDirectorMay 20 '26Buy15.8330,000474,90038,912May 21 04:15 PM
Cil Jose E.DirectorMay 19 '26Buy14.9110,000149,10074,295May 19 04:15 PM
Cil Jose E.DirectorMay 18 '26Buy15.255,00076,25064,295May 19 04:15 PM
MacDonald Brian PDirectorMay 11 '26Buy16.5415,000248,10023,912May 12 04:15 PM
Lansberry Kevin AllenDirectorMay 07 '26Buy17.2811,400196,99220,312May 11 07:24 PM
Byng-Thorne ZillahDirectorMay 07 '26Buy17.6725,015442,01599,811May 11 08:00 AM
Byng-Thorne ZillahDirectorMay 07 '26Buy17.834,45279,37925,742May 11 08:00 AM
Ashby Faye L.SVP & Chief Accounting OfficerDec 12 '25Sale21.005,250110,250130,370Dec 16 04:15 PM
Faye AshbyOfficerDec 12 '25Proposed Sale21.005,250110,224Dec 12 04:06 PM
Dahlgren PatrikEVP, Chief Vessel Ops & NONov 25 '25Buy17.945,55099,578144,817Nov 25 04:15 PM

Held by

AUM
TickerCompanyAUM
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
IVViShares Core S&P 500 ETFAUM: 871.38B
DFATU.S. Targeted Value Portfolio-ETF Class SharesAUM: 14.47B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
CGGRCapital Group Growth ETFAUM: 25.66B
DFASU.S. Small Cap Portfolio-ETF Class SharesAUM: 15.51B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-291.1200.9341.0702,9472,88023
2026Q22026-07-300.4800.4120.4812,6412,64622
2026Q12026-05-040.2300.1440.2252,3312,35718
2025Q42026-03-020.2800.2650.0312,2442,34319
2025Q32025-11-041.2001.1590.8462,9383,02319
2025Q22025-07-310.5100.5140.0672,5172,55518
2025Q12025-04-300.0700.093-0.0912,1282,14620
2024Q42025-02-270.2600.1080.4912,1092,09917
2024Q32024-10-310.9900.9420.9222,8072,76717
2024Q22024-07-310.4000.3440.3182,3722,38017
2024Q12024-05-010.1600.0890.0402,1912,22517
2023Q42024-02-27-0.180-0.118-0.2501,9861,96615
2023Q32023-11-010.7600.6850.6762,5362,52615
2023Q22023-08-010.3000.2610.1872,2052,16615
2023Q12023-05-01-0.300-0.424-0.3771,8221,74316
2022Q42023-02-28-1.040-0.856-1.1451,5191,50114

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY5.0905.0674.2976,4626,409
2020FY-8.640-8.440-15.7521,2801,273
2021FY-8.070-7.612-12.332647.99721.46
2022FY-4.640-4.476-5.4084,8444,828
2023FY0.7000.7490.3898,5508,535
2024FY1.8201.6561.7679,4809,470
2025FY2.1102.0850.9209,8289,926
2026FY-1.693--10,092
2027FY-1.405--10,584
2028FY-1.761--11,264
2029FY-2.423--12,077
2030FY-2.020--12,990

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0620382,1902,1432,310
2026Q4S2026-10-3119372,1912,1432,310
2026Q4S2026-10-3019382,1912,1432,310
2026Q4S2026-10-2919382,1922,1432,310
2026Q4S2026-10-2219332,2032,1432,337
2026Q4S2026-10-1919332,2032,1432,337
2026Q4S2026-10-1619322,2072,1432,337
2026Q4S2026-10-1419222,2062,1432,337
2026Q4S2026-10-1319242,2062,1432,337
2026Q4S2026-10-12192142,2052,1432,332
2026Q4S2026-10-09191162,2032,1432,332
2026Q4S2026-10-08190172,2012,1432,332
2026Q4S2026-10-07190172,2012,1432,332
2026Q4S2026-10-02190172,2002,1392,332

Estimate history

EPS, annual3.314.254.297-15.752-12.332-5.4080.3891.7670.9151.804
Period201720182019202020212022202320242025TTM
EPS, quarterly0.9220.491-0.0910.0670.8460.0310.2250.4811.067
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual5396.1756055.1266462.3761279.908647.9864843.768549.9249479.6519827.59210162.93
Period201720182019202020212022202320242025TTM
Sales, quarterly2806.5782109.3662127.5532517.4972938.1422244.42331.2212640.5442946.763
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual228.529217.651213.082315.636416.892421.414425.547439.861455.257459.272
Period201720182019202020212022202320242025MRQ
Shares, quarterly439.702439.861443.439446.814455.252455.257459.1459.159459.272
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue10,162.939,827.599,479.658,549.924,843.76647.991,279.916,462.386,055.13
Cost of Goods Sold Incl. D&A7,115.526,590.816,550.146,225.204,905.112,262.742,360.484,320.483,969.08
Gross Profit3,047.413,236.782,929.512,324.73-61.35-1,614.75-1,080.582,141.902,086.04
Selling, General and Administrative Excl. Other1,607.021,548.811,434.811,341.861,366.96891.45745.35974.85897.93
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income1,440.391,687.971,494.70982.87-1,428.32-2,506.20-1,825.921,167.051,188.11
Interest Expense627.92681.42718.02718.73608.07666.24465.23257.34269.55
Unusual Expense69.89367.1928.2712.02186.751,334.311,597.3513.400.00
Net Income Before Taxes824.14428.72772.91163.18-2,276.70-4,501.32-4,000.05911.37969.31
Income Taxes-8.805.47-137.35-3.00-6.795.2712.47-18.8614.47
Consolidated Net Income832.94423.25910.26166.18-2,269.91-4,506.59-4,012.51930.23954.84
Net Income From Continuing Operations832.94423.25910.26166.18-2,269.91-4,506.59-4,012.51930.23954.84
Net Income832.94423.25910.26166.18-2,269.91-4,506.59-4,012.51930.23954.84
EPS (Recurring)1.921.451.810.41-5.10-9.78-11.364.344.25
EPS (Basic, Before Extraordinaries)1.820.942.090.39-5.41-12.33-15.754.334.28
EPS (Diluted)1.800.921.770.39-5.41-12.33-15.754.304.25
EBITDA2,663.332,738.512,451.741,853.29-625.31-1,752.66-1,091.231,811.091,751.62
Non-Operating Income (Expense)81.56-210.6524.50-88.94-53.575.43-111.5515.0550.75
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense72.0669.8372.5193.9689.7190.5881.2575.0991.63
Price To Earnings Ratio10.2610.2624.97----13.579.93
Price To Sales Ratio0.661.091.401.001.0611.705.061.961.57
Gross Margin29.9932.9430.9027.19-1.27-249.20-84.4333.1434.45
Operating Margin14.1717.1815.7711.50-29.49-386.77-142.6618.0619.62
Net Margin8.204.319.601.94-46.86-695.48-313.5014.3915.77
Shares Outstanding459.27455.26439.86425.55421.41416.89315.64213.08217.65
Market Capitalization8,501.188,501.1811,313.698,525.525,157.898,646.348,026.6212,427.199,324.78

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,946.762,640.542,331.222,244.402,938.142,517.502,127.552,109.37
Cost of Goods Sold Incl. D&A1,998.711,820.181,629.471,667.171,806.151,702.631,530.831,532.47
Gross Profit948.05820.37701.75577.231,131.99814.86596.73576.89
Selling, General and Administrative Excl. Other364.41411.74449.49381.37383.00393.05391.38360.57
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income583.65408.62252.26195.86748.99421.81205.35216.33
Interest Expense170.54170.89116.46170.04328.82236.78168.34175.36
Unusual Expense2.717.4659.720.000.000.0049.530.86
Net Income Before Taxes484.63225.96107.665.89433.6430.63-41.44107.72
Income Taxes-6.833.402.99-8.3614.340.64-1.14-146.82
Consolidated Net Income491.46222.55104.6714.25419.3029.99-40.30254.54
Net Income From Continuing Operations491.46222.55104.6714.25419.3029.99-40.30254.54
Net Income491.46222.55104.6714.25419.3029.99-40.30254.54
EPS (Recurring)1.070.490.310.030.850.07-0.010.49
EPS (Basic, Before Extraordinaries)1.070.480.230.030.930.07-0.090.58
EPS (Diluted)1.070.480.220.030.850.07-0.090.49
EBITDA889.86698.53508.86566.091,017.66682.13451.77458.84
Non-Operating Income (Expense)74.24-4.3231.57-19.9313.46-154.40-28.9167.61
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense16.8417.9618.4618.8014.5520.4616.0220.71
Price To Earnings Ratio10.2618.0721.9417.0017.7312.3610.7024.97
Price To Sales Ratio0.660.960.871.041.260.950.891.41
Gross Margin32.1731.0730.1025.7238.5332.3728.0527.35
Operating Margin19.8115.4710.828.7325.4916.769.6510.26
Net Margin16.688.434.490.6414.271.19-1.8912.07
Shares Outstanding459.27459.16459.10455.26455.25446.81443.44439.86
Market Capitalization8,501.189,691.818,518.7110,161.3411,131.219,061.258,341.3611,313.69

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments209.89190.76402.42946.991,746.653,300.48252.88163.85176.19
Short Term Receivables291.66221.41280.27326.271,167.4720.5875.1155.2543.96
Inventories138.18149.72157.65148.72118.2082.3895.4390.2082.12
Other Current Assets152.5197.81105.42140.99154.04107.30113.5392.21216.06
Total Current Assets792.24659.70945.751,562.973,186.373,510.74536.95401.51518.34
Net Property, Plant & Equipment20,158.5217,709.7417,186.9415,223.4514,322.9913,620.2613,371.9412,119.2511,040.49
Total Investments and Advances0.000.650.003.8723.0343.250.000.000.00
Intangible Assets636.29636.29598.66598.66598.66599.002,216.712,235.192,261.36
Other Assets954.36963.43761.641,168.74598.79626.06559.01450.01274.69
Total Assets22,541.4019,969.8119,492.9918,557.6918,729.8418,399.3216,684.6015,205.9714,094.87
Short Term Debt Incl. Current Port. of LT Debt907.961,351.081,768.001,030.82911.30142.59785.48681.22619.37
Accounts Payable169.66171.11174.34228.74233.1783.14100.78159.5653.43
Other Current Liabilities4,374.964,258.684,096.363,795.292,585.961,688.182,698.132,309.721,817.21
Total Current Liabilities5,452.585,780.866,038.705,054.853,730.431,913.903,584.393,150.502,490.02
Long Term Debt14,628.1812,565.3912,958.7913,218.4712,240.3911,866.656,262.585,810.875,688.39
Provision for Risks Charges32.8029.5032.9027.3033.8030.7027.8023.3023.50
Other Liabilities217.96168.62161.79188.49292.57233.96294.25258.30143.19
Total Liabilities20,331.5118,544.3719,192.1818,489.1016,297.1914,045.2110,169.029,242.978,345.10
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity2,209.891,425.44300.8168.592,432.654,354.106,515.585,963.005,749.77
Total Shareholders Equity2,209.891,425.44300.8168.592,432.654,354.106,515.585,963.005,749.77
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity2,209.891,425.44300.8168.592,432.654,354.106,515.585,963.005,749.77
Total Liabilities & Stockholders Equity22,541.4019,969.8119,492.9918,557.6918,729.8418,399.3216,684.6015,205.9714,094.87
Book Value Per Share4.853.240.710.165.8413.7930.5827.4025.16
Tangible Book Value Per Share3.461.79-0.70-1.264.4011.9020.1717.1315.26
Full-Time Employees44,50041,70041,00038,90034,70034,30036,00033,20031,000
Price to Book Ratio2.709.9619.4312.903.551.841.911.552.20
Return on Assets1.994.610.87-12.18-24.28-22.875.836.525.61
Return on Equity23.29105.4689.97-181.50-132.81-73.8314.9116.3014.77
Return on Invested Capital2.516.511.25-17.08-30.71-24.747.288.116.64
Quick Ratio0.120.090.130.280.821.790.120.100.18
Current Ratio0.150.110.160.310.851.830.150.130.21

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income832.94423.25910.26166.18-2,269.91-4,506.59-4,012.51930.23954.84
Depreciation1,148.561,050.53957.03870.42803.00753.54734.69644.04566.97
Other Funds (Non Cash)125.22609.15112.21159.75318.551,489.051,784.19109.31122.36
Funds from Operations2,109.032,085.251,824.381,196.34-1,149.60-2,263.92-1,480.861,657.451,645.68
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital56.444.50225.44809.371,359.62-204.09-1,075.38165.16429.49
Cash from Operating Activities2,165.472,089.752,049.822,005.71210.02-2,468.01-2,556.241,822.612,075.17
Capital Expenditures-2,729.69-3,259.61-1,210.95-2,750.36-1,783.86-752.84-946.54-1,637.17-1,566.80
Net Assets From Acquisitions0.000.00-27.320.000.000.000.000.000.00
Sale of Fixed Assets and Businesses105.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.00240.00-240.000.000.000.00
Purchase of Investments0.000.000.000.000.00-1,010.000.00--
Sale Or Maturity of Investments0.000.000.000.00240.00770.000.000.000.00
Other Uses-3.09-5.08-1.79-162.94-224.14-23.50-31.52-47.09-1.72
Other Sources0.000.0010.6816.1612.0912.292.704.0665.81
Cash from Investing Activities-2,627.78-3,264.69-1,229.39-2,897.14-1,755.90-1,004.04-975.36-1,680.19-1,502.71
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-31.42121.13-25.33-21.55-15.722,652.301,531.86-338.86-649.85
Repurchase of Common Pref Stock-31.11-23.83-25.33-26.86-20.99-16.69-15.41-370.80-678.67
Sale of Common Pref Stock-0.32144.960.005.315.272,668.981,547.2731.9428.82
Proceedsfrom Stock Options-0.32144.960.000.000.002,665.841,541.710.000.00
Issuance or Reduction of Debt, Net583.441,311.07-987.59368.411,173.96380.805,048.73292.30188.62
Change in Long Term Debt583.441,311.07-987.59368.411,173.96380.805,048.73292.30188.62
Issuance of Long Term Debt2,926.649,483.921,181.464,126.642,944.132,493.875,941.214,099.031,904.87
Reduction of Long Term Debt-2,343.20-8,172.85-2,169.05-3,758.23-1,770.17-2,113.06-892.48-3,806.73-1,716.24
Net Financing Active Other Cash Flow0.00-238.13-19.170.00-172.01-1,354.88-1.38-6.83-123.58
Other Financing Activities Uses0.00-238.13-19.170.00-172.01-1,354.88-1.38-6.83-123.58
Cash from Financing Activities552.021,194.07-1,032.09346.86986.221,678.226,579.21-53.39-584.80
Net Change in Cash89.7119.13-211.65-544.57-559.66-1,793.843,047.6189.03-12.34
Free Cash Flow-564.22-1,169.86838.87-744.65-1,573.84-3,220.85-3,502.79185.44508.38
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow--15.80----68.1918.71
Deferred Taxes & Investment Tax Credit-2.31-155.110.00-1.240.0812.77-26.131.51

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments256.51218.10185.05209.89166.80184.01
Short Term Receivables241.19276.96277.10291.66252.63265.78
Inventories187.70161.30162.72138.18155.51160.56
Other Current Assets608.37609.70682.96152.51466.41562.27
Total Current Assets1,293.761,266.061,307.82792.241,041.351,172.63
Net Property, Plant & Equipment21,492.6721,539.2921,276.5920,158.5219,929.4319,236.58
Total Investments and Advances27.139.4326.800.000.990.23
Intangible Assets636.29636.29636.29636.29636.29636.29
Other Assets563.25560.64547.35954.36605.31550.09
Total Assets24,013.1124,011.7123,794.8522,541.4022,213.3721,595.82
Short Term Debt Incl. Current Port. of LT Debt1,169.151,176.951,208.76907.96904.411,158.14
Accounts Payable177.97233.06184.67169.66193.40169.37
Other Current Liabilities4,402.984,910.924,823.924,374.964,251.025,060.43
Total Current Liabilities5,750.096,320.936,217.365,452.585,348.826,387.94
Long Term Debt14,857.6714,801.8714,873.8914,628.1814,440.9713,431.01
Provision for Risks Charges0.000.000.0032.800.000.00
Other Liabilities256.39316.04272.16217.96230.49207.30
Total Liabilities20,864.1621,438.8421,363.4120,331.5120,020.2920,026.25
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity3,148.952,572.872,431.452,209.892,193.081,569.57
Total Shareholders Equity3,148.952,572.872,431.452,209.892,193.081,569.57
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity3,148.952,572.872,431.452,209.892,193.081,569.57
Total Liabilities & Stockholders Equity24,013.1124,011.7123,794.8522,541.4022,213.3721,595.82
Book Value Per Share6.865.605.304.854.823.51
Tangible Book Value Per Share5.474.223.913.463.422.09
Full-Time Employees---44,500--
Price to Book Ratio2.703.993.854.637.016.35
Return on Assets3.603.342.521.993.163.45
Return on Equity31.1836.7329.5323.2939.8763.57
Return on Invested Capital2.731.280.600.082.520.20
Quick Ratio0.190.170.180.120.170.16
Current Ratio0.220.200.210.150.190.18

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income491.46222.55104.6714.25419.3029.99
Depreciation310.35294.05281.39262.77272.79264.44
Other Funds (Non Cash)-5.311.86-12.46141.13165.73215.13
Funds from Operations796.50518.46373.59420.47857.81509.56
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-504.1884.13437.8638.64-621.25205.29
Cash from Operating Activities292.32602.59811.45459.11236.56714.85
Capital Expenditures-397.68-457.69-1,436.67-437.65-963.10-333.64
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses105.000.000.000.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-3.37-1.07-3.164.50-0.39-2.18
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-296.05-458.76-1,439.82-433.14-963.48-335.82
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-0.98-0.07-30.05-0.3281.2664.00
Repurchase of Common Pref Stock-0.98-0.07-30.05-0.00-0.020.00
Sale of Common Pref Stock0.000.000.00-0.3281.2864.00
Proceedsfrom Stock Options0.000.000.00-0.3281.2864.00
Issuance or Reduction of Debt, Net43.12-110.70633.5817.45760.47-375.64
Change in Long Term Debt43.12-110.70633.5817.45760.47-375.64
Issuance of Long Term Debt724.56493.481,241.99466.614,617.86767.42
Reduction of Long Term Debt-681.44-604.19-608.41-449.16-3,857.40-1,143.06
Net Financing Active Other Cash Flow0.000.000.000.00-132.02-67.73
Other Financing Activities Uses0.000.000.000.00-132.02-67.73
Cash from Financing Activities42.14-110.77603.5317.13709.71-379.38
Net Change in Cash38.4133.05-24.8543.09-17.21-0.34
Free Cash Flow-105.36144.89-625.2221.46-726.53381.21

Revenue breakdown

Onboard and other2024: 3.06B 2025: 3.14B
Passenger2024: 6.42B 2025: 6.69B
Asia Pacific2024: 779.48M 2025: 996.75M
Europe2024: 3.04B 2025: 2.90B
North America2024: 5.32B 2025: 5.65B
Other Country2024: 346.09M 2025: 282.92M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3018.19%82.6M454.2M18.47M
2026-10-1519.65%89.2M454.1M17.10M
2026-09-3021.32%96.8M454.1M15.82M
2026-09-1520.92%95.0M454.1M15.53M
2026-08-3119.04%86.4M454.1M16.19M
2026-08-1415.94%72.4M454.1M17.85M
2026-07-3118.52%84.1M454.0M20.44M
2026-07-1518.01%81.7M454.0M21.30M
2026-06-3018.62%84.5M454.0M22.36M
2026-06-1518.36%83.3M453.8M22.23M
2026-05-2915.52%70.4M453.9M23.53M
2026-05-1515.64%71.1M454.9M23.33M
2026-04-3012.84%58.4M455.0M22.41M
2026-04-1512.36%56.1M453.9M22.57M
2026-03-3111.77%53.4M453.9M22.16M
2026-03-1310.36%47.0M453.9M21.09M
2026-02-277.77%35.3M453.9M19.19M
2026-02-137.64%34.6M452.8M17.88M
2026-01-307.91%35.8M452.8M18.17M
2026-01-158.84%40.0M452.8M17.35M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call9.009.4010.159.308.0764.000.000.995-0.0240.000
call10.008.359.258.437.6578.003.000.994-0.0230.000
call11.007.408.207.516.4777.003.000.993-0.0230.000
call12.006.407.156.405.40914.000.000.992-0.0230.000
call12.506.056.656.325.02711.006.000.992-0.0220.000
call13.005.606.155.874.6575.009.000.991-0.0220.000
call13.505.005.705.034.4944.001.000.990-0.0220.000
call14.004.705.154.853.9479.005.000.989-0.0220.000
call14.504.104.654.183.60516.004.000.988-0.0210.000
call15.003.754.153.883.2702824.000.986-0.0210.000
call15.503.153.703.053.09624.004.000.984-0.0200.001
call16.002.603.152.752.6123197.000.982-0.0200.001
call16.502.112.782.332.63558.0013.000.979-0.0190.001
call17.001.752.041.971.66173425.000.971-0.0200.001
call17.501.241.631.511.5781592240.894-0.0570.002
call18.000.771.061.121.0801,2651560.751-0.1130.004
call18.500.360.610.470.8252,4983020.644-0.0950.005
call19.000.160.220.200.5889782,4310.430-0.1000.005
call19.500.040.110.090.6495541920.253-0.0860.004
call20.000.000.040.030.65773674.000.145-0.0660.003
call20.500.000.020.210.76023353.000.108-0.0620.003
call21.000.000.210.010.8851530.000.043-0.0290.001
call21.500.001.550.001.0340.000.000.037-0.0310.001
call22.000.001.550.001.1760.000.000.033-0.0320.001
call23.000.001.600.001.4440.000.000.028-0.0340.001
call24.000.002.130.071.6932.000.000.024-0.0350.001
call25.000.002.130.011.9242.000.000.022-0.0370.001
call30.000.000.750.002.9110.000.000.015-0.0410.001
put9.000.000.750.084.2961060.00-0.005-0.0230.000
put10.000.002.130.743.7271062.00-0.006-0.0220.000
put11.000.000.051.403.2091031.00-0.007-0.0220.000
put12.000.000.950.352.6301911.00-0.008-0.0200.000
put12.500.002.130.212.5101.000.00-0.008-0.0210.000
put13.000.000.030.032.31262.002.00-0.009-0.0200.000
put13.500.002.130.082.0832.002.00-0.010-0.0200.000
put14.000.002.130.011.8792790.00-0.011-0.0200.000
put14.500.000.500.031.63819.000.00-0.012-0.0180.000
put15.000.000.100.231.4871390.00-0.014-0.0190.000
put15.500.002.130.051.29869.000.00-0.016-0.0190.001
put16.000.000.030.010.9277640.00-0.033-0.0200.001
put16.500.000.570.010.9282070.00-0.021-0.0170.001
put17.000.000.110.010.7464641.00-0.029-0.0180.001
put17.500.000.030.010.70639115.00-0.106-0.0550.002
put18.000.020.250.030.925168108-0.249-0.1110.004
put18.500.110.180.160.59210556.00-0.356-0.0930.005
put19.000.300.540.300.82560.008.00-0.570-0.0980.005
put19.500.560.910.640.9100.002.00-0.747-0.0840.004
put20.000.841.501.171.39611.0032.00-0.855-0.0640.003
put20.501.361.781.571.0640.0032.00-0.945-0.0280.001
put21.001.803.202.683.4061.000.00-0.957-0.0270.001
put21.502.303.700.003.6790.000.00-0.963-0.0280.001
put22.002.804.254.374.03814.000.00-0.967-0.0290.001
put23.003.855.254.824.5121.000.00-0.972-0.0310.001
put24.004.706.205.764.8352.003.00-0.976-0.0330.001
put25.006.057.356.695.5601.001.00-0.978-0.0340.001
put30.0010.4512.3511.647.2051.000.00-0.985-0.0380.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-308-KCurrent report2026-10-27SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-27SEC
2026-10-158-KCurrent report2026-10-15SEC
2026-09-308-KCurrent report2026-09-30SEC
2026-08-12SCHEDULE 13G/ASEC
2026-08-128-K/A2026-06-11SEC
2026-08-03S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-08-0310-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-308-KCurrent report2026-07-30SEC
2026-06-168-KCurrent report2026-06-11SEC
2026-06-034Statement of changes in beneficial ownership of securities2026-06-01SEC
2026-05-298-KCurrent report2026-05-29SEC
2026-05-264Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-214Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-194Statement of changes in beneficial ownership of securities2026-05-18SEC
2026-05-14SCHEDULE 13G/ASEC
2026-05-124Statement of changes in beneficial ownership of securities2026-05-11SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-07SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-07SEC
2026-05-06DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-05-048-KCurrent report2026-05-04SEC
2026-05-04S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-05-0410-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-04-30ARSAnnual report to security holders. 2025-12-31SEC
2026-04-30DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-04-30DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-06-11SEC
2026-04-29SCHEDULE 13GSEC
2026-04-144Statement of changes in beneficial ownership of securities2026-04-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-0624.99M200
2026-054.17M800
2026-040000
2026-030000
2026-020000
2026-010000
2025-1200110.25K1
2025-111.76M700

Institutional holders

Manager% owned
VANGUARD CAPITAL MANAGEMENT LLC6.53%
BlackRock, Inc.6.39%
UBS Group AG5.26%
GOLDMAN SACHS GROUP INC4.12%
VANGUARD PORTFOLIO MANAGEMENT LLC4.07%
STATE STREET CORP3.70%
ARIEL INVESTMENTS, LLC3.36%
AMERIPRISE FINANCIAL INC3.27%
BARCLAYS PLC3.24%
Elliott Investment Management L.P.3.20%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.18%
KKR Income Opportunities Fund2.78%
VANGUARD 500 INDEX FUND2.59%
VANGUARD SMALL-CAP INDEX FUND2.29%
Invesco S&P 500 Equal Weight ETF2.26%
Virtus Income & Growth Fund2.12%
Virtus Convertible Fund2.05%
SMALLCAP World Fund Inc1.37%
iShares Core S&P 500 ETF1.37%
Nuveen Flexible Income Fund1.32%

OakChart. NCLH. Cached 15 minutes.