Score Your Stock

US stock · figures in US dollars · scored on full-year results

Norwegian Cruise Line Holdings Norwegian Cruise Line Holdings Ltd. Ordinary Shares

NCLH · Consumer Cyclical · Travel Services
Bottom 33% of scored stocks
OkayBottom 33% of scored stocks
Weak Spot

Norwegian Cruise Line Holdings scores 47/100 on fundamentals: in the bottom 33% of 503 scored S&P 500 stocks. Its strongest area is Business Strength (80/100); its weakest is Cash & Dividends (13/100). It carries 1 warning flag: Weak Spot.

Best
Business 80
Weakest
Cash 13
  • Carries a Weak Spot flag

A financially stretched, inexpensively priced stock, but cash & dividends needs attention.

What looks good
What to watch
Mkt capUS$ 8.1b#499 of 503 in the S&P 500EPSUS$ 1.62P/E9.7×✓ vs sector median 19.8×P/B3.1×✓ vs sector median 6.1×Div yieldNo dividends paidBottom 6% in the S&P 50052w range · 34% of range13.6325.13
as of 31 Oct 2026

Nearby peers

Ranks #30 of 54 in Consumer Cyclical by score

#1Deckers Brands77#28Darden Restaurants47#29Lowe's47
#30Norwegian Cruise Line Holdings47
#31Hilton Worldwide46#32Wynn Resorts46

One-Minute Summary

Why Norwegian Cruise Line Holdings scores 47

A financially stretched, inexpensively priced stock, but cash & dividends needs attention.

What looks good
What to watch

Business Strength

80
Why 80?
Pillar score: (2 + 1 + 2 + 1 + 2) = 8 of 10 points → 80
Return on Equity (ROE)32%Strong4-Year Revenue Growth+6%/yrOkay4-Year Profit Growth+71%/yrStrongNet Profit Margin8%OkayQuarterly Momentum+6%Strong
Show 3 charts

Net Profit & Equity, with ROE

Net Profit ↑ +401.1%Equity ↑ +755.4%ROE % 32.4%
Net ProfitEquityROE %
166m910m423m833m301m1.4b2.2b2.6b202320242025TTM55.3%63.9%19.2%32.4%

Revenue & Net Profit, with Net Margin

Revenue ↑ +18.9%Net Profit ↑ +401.1%Net Margin % 8.2%
RevenueNet ProfitNet Margin %
8.5b9.5b9.8b10.2b166m910m423m833m202320242025TTM1.9%9.6%4.3%8.2%

Sales grew about 18.9% over 4 years: customers keep spending more with this company.

Profit climbed about 401.1% over 4 years: the business keeps more money as it grows.

Recent Quarters: Revenue & Net Profit (the last 8 quarters, scored)

Revenue ↓ -5.9%Net Profit ↓ -53.1%Net Margin % 8.4%
RevenueNet ProfitNet Margin %
2.8b2.1b2.1b2.5b2.9b2.2b2.3b2.6b475m255m-40m30m419m14m105m223mQ3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'2616.9%12.1%-1.9%1.2%14.3%0.6%4.5%8.4%
▲▲▼▼▼▼▲▲

Sales have stayed roughly flat over the last 8 quarters.

The company made a loss in at least one of the last 8 quarters: the bars below zero are losses, not profits.

Why 17?
Pillar score: (0 + 0 + 1) = 1 of 6 points → 17
Debt-to-Equity5.8×WeakCurrent Ratio0.2×WeakInterest Coverage2.2×Okay
Show 2 charts

Debt vs Equity, with D/E ratio

Total Debt ↑ +6.9%Equity ↑ +755.4%D/E 5.8×
Total DebtEquityD/E
14.1b13.1b14.6b15.0b301m1.4b2.2b2.6b202320242025TTM46.7×9.2×6.6×5.8×

Borrowings have stayed roughly level: manageable, as long as profits stay healthy.

Short-term assets vs bills, with Current Ratio

Current Assets ↓ -3.6%Current Liabilities ↑ +4.7%Current Ratio 0.2×
Current AssetsCurrent LiabilitiesCurrent Ratio
1.3b1.0b1.1b1.3b6.0b5.8b5.5b6.3b202320242025TTM0.2×0.2×0.2×0.2×
Why 13?
Pillar score: (0 + 1 + 0 + 0) = 1 of 8 points → 13
Dividend QualityNo dividends paidWeak
Payout ratio: 0%
Operating Cash FlowPositive but bumpyOkayFree Cash FlowNegative recentlyWeakCash & Cash EquivalentsShrinking & thinWeak
Show 3 charts

Operating vs Free Cash Flow

Operating CF ↑ +8%Free CF ↑ +24.2%
Operating CFFree CF
2.0b2.0b2.1b2.2b-745m839m-1.2b-564m202320242025TTM

Cash keeps coming in, though unevenly: fine, but worth keeping an eye on.

Cash vs Total Debt

Cash ↓ -45.8%Short-Term Debt ↓ -34.6%Total Debt ↑ +6.9%
CashShort-Term DebtTotal Debt
402m191m210m218m1.7b1.3b876m1.1b14.1b13.1b14.6b15.0b202320242025TTM

Dividends per Share, with Yield

DPS (cents) → +0%Yield % 0%
DPS (cents)Yield %
000020222023202420250%0%0%0%

Dividends per share have been maintained or raised: management shares the rewards with you.

Why 67?
Pillar score: (2 + 0 + 2) = 4 of 6 points → 67
P/E Ratio9.7×StrongP/B Ratio3.1×WeakPEG Ratio0.1Strong
Show chart

Share Price: Weekly Closes (not part of the score)

US$ 24.79US$ 19.45US$ 14.12Oct '25Feb '26Jun '26Oct '26

The share price is down about 21.6% over the past year.

Why 58?
Pillar score: (2 + 1 + 1 + 2 + 1 + 0) = 7 of 12 points → 58
Earnings ConsistencySteadyStrongDebt Trend (4yr)StableOkayShare Count Trend (4yr)+3%/yrOkayInventory vs Sales (4yr)-5.2 pp/yr vs salesStrongAsset Turnover Trend (4yr)-3.5%OkayQuarterly ConsistencyLoss in 1 of 8 quartersWeak
Show chart

Revenue vs Inventory, with Inventory % of Revenue

Revenue ↑ +18.9%Inventory → +2.3%Inv. % of Rev. 1.6%
RevenueInventoryInv. % of Rev.
8.5b9.5b9.8b10.2b158m150m138m161m202320242025TTM1.8%1.6%1.4%1.6%
Ranks #30 of 54 in Consumer Cyclical by score

Sector peers

#1Deckers Brands77#28Darden Restaurants47#29Lowe's47
#30Norwegian Cruise Line Holdings (you)47
#31Hilton Worldwide46#32Wynn Resorts46

Full Financial History

Every reported figure behind the score, year by year. Download it, or check it against the company's own annual report.

Financial YearRevenueNet ProfitOperating Cash FlowFree Cash FlowCapExCashTotal DebtShort-Term DebtEquityCurrent AssetsCurrent LiabilitiesTotal AssetsTotal LiabilitiesInventoryDividendsReturn on Equity (ROE)Net Profit MarginDebt-to-EquityCurrent RatioInterest CoverageDiv yieldP/E RatioP/B Ratio
2026US$ 10.2bUS$ 832.9mUS$ 2.2bUS$ -564.2mUS$ -2.7bUS$ 218.1mUS$ 15.0bUS$ 1.1bUS$ 2.6bUS$ 1.3bUS$ 6.3bUS$ 24.0bUS$ 21.4bUS$ 161.3m-32%8%5.8×0.2×2.2×---
2025US$ 9.8bUS$ 423.2mUS$ 2.1bUS$ -1.2bUS$ -3.3bUS$ 209.9mUS$ 14.6bUS$ 875.9mUS$ 2.2bUS$ 1.1bUS$ 5.5bUS$ 22.5bUS$ 20.3bUS$ 138.2mUS$ 0.0m19%4%6.6×0.2×1.5×0%24.5×4.7×
2024US$ 9.5bUS$ 910.3mUS$ 2.0bUS$ 838.9mUS$ -1.2bUS$ 190.8mUS$ 13.1bUS$ 1.3bUS$ 1.4bUS$ 1.0bUS$ 5.8bUS$ 20.0bUS$ 18.5bUS$ 149.7mUS$ 0.0m64%10%9.2×0.2×2.0×0%12.3×7.8×
2023US$ 8.5bUS$ 166.2mUS$ 2.0bUS$ -744.6mUS$ -2.8bUS$ 402.4mUS$ 14.1bUS$ 1.7bUS$ 300.8mUS$ 1.3bUS$ 6.0bUS$ 19.5bUS$ 19.2bUS$ 157.6mUS$ 0.0m55%2%46.7×0.2×1.2×0%51.3×28.4×