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Norwegian Cruise Line Holdings stock: growth
NCLHNorwegian Cruise Line Holdings reported $9.83B in revenue for fiscal 2025, up 3.7% on the prior year, up 50.3% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
8.8%
per year from 2006 to 2025, per share 4.2%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 50.3% | 8.5% | 8.8% |
| Revenue per share | 33.8% | 1.3% | 4.2% |
| Earnings | no data | −0.1% | no data |
| Earnings per share | no data | −6.7% | no data |
| Free cash flow | no data | no data | no data |
| Free cash flow per share | no data | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.98B | −$130.9M | −$661.9M |
| 2007 | $2.17B | −$226.96M | −$546.51M |
| 2008 | $2.11B | −$211.8M | −$186.9M |
| 2009 | $1.86B | $66.95M | −$111.11M |
| 2010 | $2.01B | $22.99M | −$558.52M |
| 2011 | $2.22B | $126.86M | $172.19M |
| 2012 | $2.28B | $168.56M | $94.75M |
| 2013 | $2.57B | $101.71M | −$419.57M |
| 2014 | $3.13B | $338.35M | −$416.37M |
| 2015 | $4.35B | $427.14M | −$81.56M |
| 2016 | $4.87B | $633.09M | $147.58M |
| 2017 | $5.4B | $759.87M | $213.53M |
| 2018 | $6.06B | $954.84M | $508.38M |
| 2019 | $6.46B | $930.23M | $185.44M |
| 2020 | $1.28B | −$4.01B | −$3.5B |
| 2021 | $647.99M | −$4.51B | −$3.22B |
| 2022 | $4.84B | −$2.27B | −$1.57B |
| 2023 | $8.55B | $166.18M | −$744.65M |
| 2024 | $9.48B | $910.26M | $838.87M |
| 2025 | $9.83B | $423.25M | −$1.17B |
Revenue by segment
How Norwegian Cruise Line Holdings Ltd. makes its money and how that has shifted. Names are as the company reports them.
- Passenger ticket68%
- Onboard and other32%
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Passenger ticket | $4.26B | $4.52B | $867.11M | $392.75M | $3.25B | $5.75B | $6.42B | $6.69B | 68% |
| Onboard and other | $1.8B | $1.94B | $412.8M | $255.23M | $1.59B | $2.8B | $3.06B | $3.14B | 32% |
| Total revenue | $6.06B | $6.46B | $1.28B | $647.99M | $4.84B | $8.55B | $9.48B | $9.83B | 100% |
Revenue by region
Where Norwegian Cruise Line Holdings Ltd. generates its revenue.
- North America57%
- Europe29%
- Asia Pacific10%
- Other3%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | $3.29B | $3.54B | $3.81B | $960.26M | $424.38M | $3.08B | $5B | $5.32B | $5.65B | 57.5% |
| Europe | $1.35B | $1.46B | $1.67B | $27.6M | $211.77M | $1.56B | $2.75B | $3.04B | $2.9B | 29.5% |
| Asia Pacific | $394.63M | $721.4M | $500.84M | $152.98M | $6.19M | $115.44M | $533.48M | $779.48M | $996.75M | 10.1% |
| Other | $368.26M | $327.74M | $487.21M | $139.07M | $0 | $94.23M | $259.48M | $346.09M | $282.92M | 2.9% |
| Total revenue | $5.4B | $6.06B | $6.46B | $1.28B | $647.99M | $4.84B | $8.55B | $9.48B | $9.83B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 28 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.