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Norwegian Cruise Line Holdings stock: key metrics
NCLHNorwegian Cruise Line Holdings had an operating margin of 16.2% and a return on invested capital (ROIC) of 9.9% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 20.7% | 1.6% | −6.6% |
| 2007 | 22.1% | 1.9% | −10.4% |
| 2008 | 25.1% | −3.0% | −10.1% |
| 2009 | 30.5% | 9.2% | 3.6% |
| 2010 | 33.0% | 11.4% | 1.1% |
| 2011 | 33.9% | 14.2% | 5.7% |
| 2012 | 35.0% | 15.7% | 7.4% |
| 2013 | 35.5% | 15.4% | 4.0% |
| 2014 | 37.7% | 16.1% | 10.8% |
| 2015 | 38.9% | 16.2% | 9.8% |
| 2016 | 41.5% | 19.0% | 13.0% |
| 2017 | 43.2% | 19.4% | 14.1% |
| 2018 | 44.2% | 20.1% | 15.8% |
| 2019 | 43.3% | 18.2% | 14.4% |
| 2020 | −32.3% | −272.2% | −313.5% |
| 2021 | −148.2% | −393.9% | −695.5% |
| 2022 | 11.9% | −32.0% | −46.9% |
| 2023 | 36.0% | 10.9% | 1.9% |
| 2024 | 40.0% | 15.5% | 9.6% |
| 2025 | 32.0% | 16.2% | 4.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | −9.0% | 0.7% | −2.8% |
| 2007 | −18.4% | 0.8% | −4.5% |
| 2008 | −13.7% | −1.2% | −4.2% |
| 2009 | 3.9% | 2.1% | 1.4% |
| 2010 | 1.3% | 2.5% | 0.4% |
| 2011 | 6.9% | 3.3% | 2.3% |
| 2012 | 8.3% | 7.3% | 2.8% |
| 2013 | 3.9% | 6.7% | 1.5% |
| 2014 | 9.6% | 6.6% | 2.9% |
| 2015 | 11.3% | 7.1% | 3.5% |
| 2016 | 14.0% | 8.8% | 4.9% |
| 2017 | 13.2% | 9.1% | 5.4% |
| 2018 | 16.0% | 9.9% | 6.3% |
| 2019 | 14.3% | 9.3% | 5.6% |
| 2020 | −92.2% | −21.2% | −21.8% |
| 2021 | −100.0% | −15.5% | −24.1% |
| 2022 | −100.0% | −9.5% | −12.2% |
| 2023 | 55.2% | 7.0% | 0.9% |
| 2024 | 63.9% | 10.1% | 4.6% |
| 2025 | 19.2% | 9.9% | 1.9% |
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.